During Market hours yesterday — (Thursday – 04.02.2021):

  • The Dow (Symbol: DIA) went up 1.1%. The S&P500 (Symbol: SPY) rose 1.1% and the Nasdaq (Symbol: QQQ) popped 1.2%
  • Qualcomm (Symbol: QCOM) – The chipmaker stock slipped 8.8% after the company posted disappointing sales and issued a warning about more supply-chain constraints in the first half of the year. Qualcomm’s revenue came in at $8.23 billion, adjusted, versus $8.27 billion estimated by Refinitiv. Its earnings per share were better than expected, however.
  • EBay (Symbol: EBAY) – Shares of the online marketplace operator jumped more than 5% to a record high following an earnings beat. EBay reported an earnings per share of 86 cents, 3 cents higher than analysts’ expectations according to Refinitiv. The company also increased its quarterly dividend by 13% and added $4 billion to its share buyback program.
  • GameStop (Symbol: GME) — The video game retail stock resumed its slide on Thursday, dropping 42%. The shares declined despite Robinhood further easing trading restrictions on the volatile security.
  • Clorox (Symbol: CLX) — Shares of the cleaning products company fell 6.3% despite a better-than-expected second quarter report. Clorox earned $2.03 per share on $1.84 billion in revenue. Analysts surveyed by Refinitiv were expecting $1.78 per share and $1.75 billion in revenue. The company said it expected its gross margin to shrink slightly for its full fiscal year.
  • Canada Goose (Symbol: GOOS) – Shares of the Canadian parka maker soared 22% after a stronger-than-expected quarterly report. Canada Goose beat estimates for earnings and revenue in the fourth quarter, according to Refinitiv. The strong results were boosted by a surge in online sales and increased demand in China.
  • PayPal Holdings (Symbol: PYPL) – Shares of the payment company gained more than 7% after PayPal beat top and bottom line estimates during the fourth quarter. The company earned $1.08 per share on an adjusted basis, which was ahead of the expected $1 per share profit. Revenue came in at $6.12 billion, ahead of the estimate for $6.09 billion. The company was helped by the pandemic-driven surge in online shopping.
  • Align Technology (Symbol: ALGN) — Shares of the dental technology company soared more than 12% after reporting strong quarterly earnings. Align reported $2.61 in adjusted earnings per share on $835 million in revenue. Wall Street expected $2.14 earnings per share on $794 million in revenue, according to Refinitiv. Align’s fourth quarter revenue was up 28.4% year-over-year.
  • Tapestry (Symbol: TPR) — The apparel stock gained 4.6% after Tapestry beat expectations on the top and bottom lines for its fiscal second quarter. The company reported $1.15 in adjusted earnings per share on $1.69 billion in revenue. Analysts surveyed by Refinitiv were looking for $1.01 in earnings per share and $1.63 billion in revenue.
  • L Brands (Symbol: LB) — The apparel stock surged 9.4% after L Brands raised its earnings guidance for its fiscal fourth quarter, citing strong January results. The company now projects earnings per share between $2.95 and $3.00 per share, up from a prior range of $2.70 to $2.80 per share.
  • Clover Health Investments (Symbol: CLOV) — The health care stock fell more than 12% after a negative report from short-seller Hindenburg Research accused the company of not disclosing an investigation by the Department of Justice. The claims made in the report has not independently been verified.

During Premarket hours today – (Friday – 05.02.2021):

  • Peloton (Symbol: PTON) – Peloton doubled consensus estimates in reporting quarterly profit of 18 cents per share, and the fitness equipment maker’s revenue came in above estimates as well. Peloton will be incurring extra costs in the near term, however, to reduce shipping delays and is putting off the launch of a new treadmill while it focuses on cutting down on delivery times.
  • Regeneron (Symbol: REGN) – The drugmaker reported quarterly reported profit of $9.53 a share, well above the consensus estimate of $8.39 a share. Revenue matched forecasts. Regeneron’s results were helped by a nearly 10% increase in sales of its macular degeneration drug Eylea.
  • Estee Lauder (Symbol: EL) – The cosmetics company earned $2.61 per share for its latest quarter, beating the Wall Street forecast of $1.69 a share. Revenue came in above estimates as well, as Estee Lauder saw sales gains in the Asia-Pacific region and a jump in online sales.
  • Cardinal Health (Symbol: CAH) – The pharmaceutical distributor beat estimates by 30 cents a share, with quarterly profit of $1.74 per share. Revenue topped estimates as well.
  • Ford (Symbol: F) – Ford reported a quarterly profit of 34 cents per share, compared to analyst forecasts of a 7 cents per share loss. The automaker said an ongoing worldwide semiconductor shortage is cutting into production and profit, however.

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