Schaeffer's 43rd Anniversary Stock Picks in 2024

Today's Stock Market News & Events: 6/3/2021

Today's market-moving economic data and earnings schedule

facebook X logo linkedin


Today will be absolutely packed, complete with initial and continuing jobless claims data, the ADP employment report, and a productivity revision. In addition, the ISM services index, the final Markit services PMI, and a revision to unit labor costs will be reported.

The following public companies are slated to release quarterly earnings reports today, June 3:

Ciena Corp. (NYSE:CIEN -- $54.41) provides network hardware, software, and services that support the transport, routing, switching, aggregation, service delivery, and management of video, data, and voice traffic on communications networks. Ciena will report its Q2 earnings of 2021 before the bell today.

Conn's Inc. (NASDAQ:CONN -- $24.01) operates as a specialty retailer of durable consumer goods and related services in the United States. Conn's will report its Q1 earnings of 2021 before the bell today.

The J.M. Smucker Co. (NYSE:SJM -- $135.93) manufactures and markets food and beverage products. J.M. Smucker will report its Q4 earnings of 2021 before the bell today.

SecureWorks Corp. (NASDAQ:SCWX -- $14.68) provides technology-driven information security solutions. SecureWorks will report its Q1 earnings of 2022 before the bell today.

The Toro Co. (NYSE:TTC -- $109.90) designs, manufactures, and markets professional and residential equipment. Toro will report its Q2 earnings of 2021 before the bell today.

Asana Inc. (NYSE:ASAN -- $36.86) operates a work management platform for individuals, team leads, and executives. Asana will report its Q1 earnings of 2022 after the market closes today.

Broadcom Inc. (NASDAQ:AVGO -- $473.73) designs, develops, and supplies semiconductor infrastructure software solutions. Broadcom will report its Q2 earnings of 2021 after the market closes today.

ChargePoint Holdings Inc. (NYSE:CHPT -- $27.30) provides electric vehicle (EV) charging networks and charging solutions in the United States. ChargePoint will report its Q1 earnings of 2021 after the market closes today.

The Cooper Co. Inc. (NYSE:COO -- $384.69) operates as a specialty retailer of durable consumer goods and related services in the United States. Cooper will report its Q2 earnings of 2021 after the market closes today.

CrowdStrike Holdings Inc. (NASDAQ:CRWD -- $220.58) provides cloud-delivered solutions for endpoint and cloud workload protection. CrowdStrike will report its Q1 earnings of 2021 after the market closes today.

DocuSign Inc. (NASDAQ:DOCU -- $200.53) provides cloud based software. DocuSign will report its Q1 earnings of 2021 after the market closes today.

Five Below Inc. (NASDAQ:FIVE -- $179.97) operates as a specialty value retailer in the United States. Five Below will report its Q1 earnings of 2021 after the market closes today.

Lululemon Athletica Inc. (NASDAQ:LULU -- $320.78) designs, distributes, and retails athletic apparel and accessories for women and men. Lululemon Athletica will report its Q1 earnings of 2021 after the market closes today.

MongoDB Inc. (NASDAQ:MDB -- $287.60) provides general purpose database platform. MongoDB will report its Q1 earnings of 2021 after the market closes today.

NGL Energy Partners LP (NYSE:NGL -- $2.78) engages in the crude oil logistics, water solutions, and liquids and refined products businesses. NGL Energy Partners will report its Q4 earnings of 2021 after the market closes today.

PagerDuty Inc. (NYSE:PD -- $42.04) operates a digital operations management platform. PagerDuty will report its Q1 earnings of 2021 after the market closes today.

Phreesia Inc. (NYSE:PHR -- $50.29) provides an integrated SaaS-based software and payment platform for the healthcare industry. Phreesia will report its Q1 earnings of 2022 after the market closes today.

Quanex Building Products Corp. (NYSE:NX -- $26.28) provides components for the fenestration industry. Quanex will report its Q2 earnings of 2021 after the market closes today.

Science Applications International Corp. (NYSE:SAIC -- $91.59) provides technical, engineering, and enterprise information technology (IT) services. Science Applications will report its Q1 earnings of 2021 after the market closes today.

Slack Technologies Inc. (NYSE:WORK -- $43.70) operates Slack, a business technology software platform. Slack will report its Q1 earnings of 2021 after the market closes today.

Sumo Logic Inc. (NASDAQ:SUMO -- $18.98) provides cloud-native software-as-a-service platform. Sumo Logic will report its Q1 earnings of 2022 after the market closes today.

Zumiez Inc. (NASDAQ:ZUMZ -- $44.59) operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. Zumiez will report its Q1 earnings of 2021 after the market closes today

The following companies reported quarterly earnings yesterday, June 2:

Advance Auto Parts Inc. (NYSE:AAP -- $194.65) provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. Advance Auto Parts reported $3.34 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.26. The business had revenue of $3.33 billion for the quarter, compared to analysts' expectations of $3.30 billion.

Donaldson Co. Inc. (NYSE:DCI -- $62.43) manufactures and sells filtration systems and replacement parts worldwide. It operates through two segments, Engine Products and Industrial Products. Donaldson reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.08. The company earned $765 million during the quarter, compared to the consensus estimate of $707.59 million.

C3.ai Inc. (NYSE:AI -- $71.76) operates as an enterprise artificial intelligence (AI) software company. C3.ai reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.29) by $0.05. The company earned $52.28 million during the quarter, compared to analyst estimates of $50.60 million.

The Descartes Systems Group Inc. (NASDAQ:DSGX -- $58.15) provides cloud-based logistics and supply chain management business process solutions. Descartes reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.03. The business earned $98.80 million during the quarter, compared to the consensus estimate of $94.18 million.

Guidewire Software Inc. (NYSE:GWRE -- $97.40) provides software products for property and casualty insurers. Guidewire Software reported ($0.16) earnings per share for the quarter, topping analysts' consensus estimates of ($0.24) by $0.08. The firm had revenue of $164 million for the quarter, compared to analyst estimates of $158.18 million.

nCino Inc. (NASDAQ:NCNO -- $61.60) provides cloud-based software applications for financial institutions. nCino reported ($0.04) EPS for the quarter, topping analysts' consensus estimates of ($0.05) by $0.01. The business earned $62.36 million during the quarter, compared to the consensus estimate of $59.36 million.

NetApp Inc. (NASDAQ:NTAP -- $76.71) provides software, systems, and services to manage and share data on-premises, and private and public clouds. NetApp reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.05. The company had revenue of $1.56 billion for the quarter, compared to analysts' expectations of $1.50 billion.

PagSeguro Digital Inc. (NYSE:PAGS -- $48.66) provides financial technology solutions and services. PagSeguro Digital reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.01. The company earned $387.17 million during the quarter, compared to analyst estimates of $369.38 million.

PVH Corp. (NYSE:PVH -- $114.11) operates as an apparel company. PVH reported $1.92 EPS for the quarter, beating the consensus estimate of $0.83 by $1.09. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.93 billion.

Semtech Corp. (NASDAQ:SMTC -- $62.95) designs, develops, manufactures, and markets analog and mixed-signal semiconductor products and advanced algorithms. Semtech reported $0.53 EPS for the quarter, beating the consensus estimate of $0.52 by $0.01. The company earned $170.40 million during the quarter, compared to analyst estimates of $167.85 million.

Smartsheet Inc. (NYSE:SMAR -- $58.89) provides cloud-based platform for execution of work. Smartsheet reported ($0.09) EPS for the quarter, topping analysts' consensus estimates of ($0.14) by $0.05. The business had revenue of $117.08 million for the quarter, compared to analyst estimates of $114.76 million.

SpartanNash Co. (NASDAQ:SPTN -- $20.52) distributes and retails grocery products. SpartanNash reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.01. The firm earned $2.66 billion during the quarter, compared to analysts' expectations of $2.73 billion.

Splunk Inc. (NASDAQ:SPLK -- $120.28) provides software and cloud solutions that deliver and operationalize insights from the data generated by digital systems. Splunk reported ($0.91) EPS for the quarter, missing analysts' consensus estimates of ($0.70) by $0.21. The firm earned $502 million during the quarter, compared to analysts' expectations of $491.85 million.

Sportsman's Warehouse Holdings Inc. (NASDAQ:SPWH -- $17.90) provides various banking products and services. Sportsman's Warehouse reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.09) by $0.37. The company earned $326.99 million during the quarter, compared to analyst estimates of $238.19 million.

Looking ahead to tomorrow, Friday will feature nonfarm payrolls, a monthly unemployment rate update, average hourly earnings data, and factory orders numbers. All economic dates listed here are tentative and subject to change.

 

Nvidia and its powerful chips are the face of artificial intelligence.

But while everyone’s patting Nvidia on the back for record earnings…

It’s quietly moved on to the next phase of AI it plans to conquer…

Nvidia recently unveiled essential blueprints for this crucial $1 trillion pivot.

Click here now and find out about the three companies Nvidia absolutely needs to succeed in this vital new AI frontier. (ad)
schaeffer's opening view daily market newsletter

                                                                                                   
๐Ÿš€ Try Options Under $5 Trade Alerts 
Target +150% Profit w/RT Entry&Exit

                                                                                                    

 
 

                                                                                                   
This stock is paying its highest dividend
in 15 years . . . ๐Ÿ“ˆ (c/o Investors Alley)

                                                                                                    

 


                                                                                                   
Top 10 Investment Picks Poised For
Major Upside Before 2025 ๐Ÿ’ฐ
 (FREE)

                                                                                                    

 

join schaeffer's market recap daily stock marketnewsletter

 

                                               ad                                                  
Some of Nvidia’s partners have already
surged as much as 4,744%. This is next …

                                                ad