Schaeffer's Top Stock Picks for '25

Today's Stock Market News & Events: 7/8/2021

Today's market-moving economic data and earnings schedule

facebook X logo linkedin


Today's will be focused around  regularly scheduled initial and continuing jobless claims data, as well as the consumer credit report. 

The following companies are slated to release quarterly earnings today, July 8:

Helen of Troy Ltd. (NASDAQ:HELE -- $232.52) designs, develops, imports, markets, and distributes a portfolio of consumer products worldwide. Helen of Troy will report its Q1 earnings of 2022 before the bell today.

Accolade Inc. (NASDAQ:ACCD -- $52.91) develops and provides technology-enabled solutions that help people to understand, navigate, and utilize the healthcare system and their workplace benefits in the United States. Accolade will report its Q1 earnings of 2022 after the market closes today.

Duck Creek Technologies Inc. (NASDAQ:DCT -- $42.23) provides software-as-a-service core systems to the property and casualty insurance industry in North America. Duck Creek Technologies will report its Q3 earnings of 2021 after the market closes today.

Levi Strauss & Co. (NYSE:LEVI -- $28.04) operates as an apparel company. Levi Strauss will report its Q2 earnings of 2021 after the market closes today.

PriceSmart Inc. (NASDAQ:PSMT -- $87.71) owns and operates U.S. style membership shopping warehouse clubs in Central America, the Caribbean, and Colombia. PriceSmart will report its Q2 earnings of 2021 after the market closes today.

Here is a quick look at how yesterday's earnings announcements played out:

MSC Industrial Direct Co. Inc. (NYSE:MSM -- $90.80) distributes metalworking and maintenance, repair, and operations (MRO) products in the United States, Canada, Mexico, and the United Kingdom. MSC Industrial reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.05. The company had revenue of $866.30 million for the quarter, compared to the consensus estimate of $848.61 million.

WD-40 Co. (NASDAQ:WDFC -- $255.49) develops and sells maintenance products, and homecare and cleaning products in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. WD-40 reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.37. The firm had revenue of $136.41 million for the quarter, compared to the consensus estimate of $108.30 million.

Looking ahead to tomorrow, Friday wraps up the week with wholesale inventories on tap.    All economic dates listed here are tentative and subject to change.

Schaeffer's Investment Research turns 40 this month! Celebrate our birthday with us with an incredible offer, listed below!

** Schaeffer's Event Trader portfolio has doubled in value (+109.72%, to be exact) over the past six months by simply putting 10% of its portfolio into each simple put or call purchase recommended in the program! Compare that to the SPX that has only returned 11.93% over the same timeframe. To kick off the celebration for our 40th anniversary this month, Bernie is letting you take Event Trader out for a spin this month for just $4 by clicking here before July 9th! **

 
 

You have the chance to join one of Bernie's most exclusive programs, complete access at HUGE savings!

As we prepare for a new administration to take the reins in Washington, the near-term market landscape is rife with uncertainty.

The Federal Reserve has already hinted at the turbulence ahead, lowering its interest rate outlook for 2025.

Meanwhile, breakthroughs in artificial intelligence (AI), quantum computing, and other transformative sectors have unlocked incredible profit potential.

But these opportunities are fleeting, and timing is everything. That's where Quick-Hit Trader comes in.

Quick-Hit Trader is designed for precision and speed, getting you in and out of the market in a flash. While other investors scramble to navigate volatile conditions, you'll have access to expertly curated trades that leverage these rapid shifts to deliver explosive profits in short order.

This is your chance to capitalize on the fast-moving market like never before. Are you ready to make your move?