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.

*Any information contained in this article, including any information contained in external third party links, if any, is solely for informational purposes and does not contain, or should not be construed as containing, investment advice or an investment recommendation, or, an offer of or solicitation for any transactions in financial instruments. Past performance does not guarantee or predict future performance. Colmex Pro Ltd does not take into account your personal investment objectives or financial situation and makes no representation, and assumes no liability to the accuracy or completeness of the information provided, nor for any loss arising from any investment based on presented information.