During Market hours yesterday — (Monday – 26.04.2021):
- The Dow (Symbol: DIA) went down 0.2%. The S&P 500 (Symbol: SPY) rose 0.2% and the Nasdaq (Symbol: QQQ) popped 0.7%.
- Casper Sleep (Symbol: CSPR) — The mattress stock jumped 27.1% on Monday after Wedbush upgraded the stock to outperform from neutral. The investment firm said in a note that Casper had fixed some of the execution problems that hurt the company last year and was poised to gain market share.
- Etsy (Symbol: ETSY) — Shares of the online crafts website fell 4.4% after a KeyBanc analyst retreated from a longtime bullish view on the equity. Writing that most of Etsy’s pandemic-era growth is likely priced in, analyst Edward Yruma downgraded the stock to sector weight after being overweight on the name since 2017.
- Best Buy (Symbol: BBY) —Shares of the electronics retailer dipped 0.6% after Wedbush downgraded the stock to neutral from buy and slashed its 12-month price target to $125 per share from $135 per share. The Wall Street firm said the category “will continue to trail home improvement and home furnishings category growth in 2021.”
- Simon Property Group (Symbol: SPG) – Shares of the mall operator rose 2.8% after Evercore ISI upgraded the stock to outperform from in line. The Wall Street firm said it expects a positive reaction to the company’s upcoming earnings report on May 10 as malls continued to reopen.
- Discover Financial (Symbol: DFS) – The financial services company’s stock jumped 3.3% after Bank of America hiked its rating to buy from neutral, saying the company’s management team had earned the benefit of the doubt when it comes to planned investments in its operations. Discovery reported an earnings beat last week.
- Otis Worldwide (Symbol: OTIS) — The escalator manufacture gained 7% after beating on the top and bottom lines of its quarterly results. Otis reported earned of 72 cents per share on revenue of $3.41 billion. Analysts expected earnings of 63 cents per share on revenue of $3.18 billion, according to Refinitiv.
- Flagstar Bancorp. (Symbol: FBC) — Shares of the regional bank popped 6.5% on news that New York Community Bank will acquire Flagstar in an all-stock deal valued at about $2.6 billion. New York Community Bank gained 4.5%.
- Albertsons (Symbol: ACI) — Shares of the grocery chain dipped 5% despite beating on the top and bottom lines of its quarterly results. The company reported earnings of 60 cents per share, higher than the 51 cents per share forecast by analysts, according to Refinitiv. Revenue came in at $15.77 billion, topping estimates of $15.67 billion.
During Premarket hours today – (Tuesday – 27.04.2021):
- United Parcel Service (Symbol: UPS) – UPS earned $2.77 per share for the first quarter, compared to a consensus estimate of $1.72 a share. Revenue also came in above Wall Street forecasts. Results for the delivery service were driven by a more than 14% increase in volume from a year earlier, with small- and medium-sized businesses contributing significantly to that increase.
- Crocs (Symbol: CROX) – The shoe company’s shares surged 7.3% in the premarket after beating top and bottom line estimates by a wide margin. The company also said it sees 2021 revenue growth between 40% to 50%.
- Eli Lilly (Symbol: LLY) – The drugmaker’s shares tumbled 3.5% in the premarket after the company fell short of the $2.14 a share consensus estimate, with quarterly profit of $1.87 per share. Revenue missed forecasts as well, and Lilly lowered its full-year forecast. The company took various asset impairment charges during the quarter, as well as incurring costs related to its acquisition of Prevail Therapeutics.
- General Electric (Symbol: GE) – GE reported quarterly profit of 3 cents per share, compared to the 1 cent a share consensus estimate. Revenue came in short of expectations, but free cash flow was better than analysts had been anticipating.
- Hasbro (Symbol: HAS) – Hasbro rose 2% in the premarket after the toymaker beat the 65 cents a share consensus estimate, with quarterly earnings of $1.00 per share. Revenue came in shy of estimates, however, as TV and movie productions related to its toys were delayed by the pandemic.
- 3M (Symbol: MMM) – 3M reported quarterly profit of $2.77 per share, beating the consensus of $2.29 a share. Revenue also topped estimates as the pandemic continued to drive demand for personal safety products.
- JetBlue (Symbol: JBLU) – The airline’s shares reported a quarterly loss of $1.48 per share, compared to an expected loss of $1.69 a share. Revenue beat Wall Street forecasts, and JetBlue echoed comments by other airlines in saying it is seeing a rebound in passenger demand.
- Tesla (Symbol: TSLA) – Tesla lost 2.3% in premarket trading after it reported quarterly profit of 93 cents per share, 14 cents a share above forecasts. Revenue also topped estimates, boosted by sales of environmental credits as well as liquidation of some of the automaker’s bitcoin holdings.
- BP (Symbol: BP) – BP’s profit more than tripled from a year ago during the first quarter, helped by higher oil prices and a surge in natural gas trading.
- UBS (Symbol: UBS) – UBS reported better-than-expected earnings for the first quarter, but the Switzerland-based bank surprised analysts by revealing a $774 million loss related to the collapse of U.S. investment fund Archegos.
- Polaris (Symbol: PII) – Polaris reported quarterly profit of $2.30 per share, beating the $1.61 a share consensus estimate. The recreational vehicle maker’s revenue beat forecasts as well. Polaris also projected better-than-expected full-year profit, saying it expected strong retail demand to continue.
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