During Market hours on Friday – 13.11.2020:
- The Dow (Symbol: DIA) closed 1.4% higher. The S&P 500 (Symbol: SPY) popped 1.3% and the Nasdaq (Symbol: QQQ) went up 0.9%.
- Cisco Systems (Symbol: CSCO)Shares of Cisco Systems popped more than 7% after beating on the top and bottom lines of its quarterly results. The equipment maker reported earnings of 76 cents per share on revenue of $11.9 billion. Wall Street forecast earnings of 70 cents per share on revenue of $11.85 billion, according to Refinitiv. Demand for Cisco’s products continues to get a boost from remote working.
- Unity Software (Symbol: U) Unity shares jumped more than 12% after the software company posted its first quarterly earnings report since going public. Unity reported a loss of 97 cents per share on revenue of $200.8 million. Unity also said it expects 2020 revenue to grow between 38.8% and 39.5% on a year-over-year basis.
- Palantir (Symbol: PLTR) Shares of the software company jumped 8.4% after Palantir reported its first quarterly results as a public company. Palantir earned 9 cents per share on revenue of $289.4 million.
- Delta Air Lines (Symbol: DAL), United (Symbol: UAL), Carnival (Symbol: CCL), Norwegian (Symbol: NCLH) Travel stocks rose broadly on Friday as investors again bet on the stocks that would benefit the most after a successful vaccine. Shares of Delta and United rose 6.1% and 5.8%, respectively, while Carnival and Norwegian Cruise Line Holdings added 7.2% and 6.4%, respectively.
- Spectrum Brands (Symbol: SPB) Shares of Spectrum Brands popped 3.2% after reporting adjusted quarterly earnings of $1.72 per share, beating estimates of $1.24, according to Refinitiv. The household products company also topped revenue estimates. Spectrum said it got a boost from a recovery from COVID-19 related supply chain disruptions.
- Farfetch (Symbol: FTCH) Shares of the fashion company rose 5.7% after it reported an adjusted third-quarter loss of 17 cents per share, smaller than the 40-cent loss that analysts had been anticipating. The online seller of luxury fashion goods also saw revenue come in well above estimates.
- Revlon (Symbol: REV) Revlon shares fell more than 20% after the beauty products maker reported a third straight quarter of losses. Revlon said it lost $44.5 million, or 83 cents per share in the three months ended Sept. 30. Adjusted per-share earnings were 58 cents. Sales fell 20% to $477.1 million.
During Premarket hours today – Monday (16.11.2020):
- Moderna (Symbol: MRNA) The drugmaker said the first analysis of phase 3 study data showed its experimental Covid-19 vaccine had an efficacy rate of 94.5% and saw no significant safety concerns.
- Casper Sleep (Symbol: CSPR) Casper Sleep lost 40 cents per share for the third quarter, wider than the 33 cents a share loss that analysts were expecting.
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