During Market hours yesterday — Thursday (17.12.2020):

Stocks closed at record levels on Thursday, boosted by hope of Washington coming through on additional fiscal aid before the end of 2020.

  • The S&P 500 (Symbol: SPY) gained 0.6% and the tech-heavy Nasdaq (Symbol: QQQ) advanced 0.8%. The Dow (Symbol: DIA) climbed 0.5%.
  • Roku (Symbol: ROKU) — Shares of Roku gained 3.5% after the streaming company announced it will carry HBO Max on its platform. HBO Max launched in May, but Roku and HBO had been stuck in negotiations, preventing the service from being added into the platform.
  • Lennar (Symbol: LEN) – Shares of the homebuilder advanced more than 6% after Lennar beat top and bottom line estimates during the fourth quarter. The company earned $2.82 per share on $6.83 billion in revenue. Analysts expected Lennar to earn $2.36 per share and post $6.53 billion in revenue. For the year shares are up more than 40%.
  • Rite Aid (Symbol: RAD) — The pharmacy stock rocketed more than 20% higher after reporting a surprise adjusted profit for its fiscal third quarter. The company earned an adjusted 40 cents per share $6.12 billion in revenue. Analysts were expecting a loss of 5 cents per share and $5.84 billion in revenue. Rite Aid said it increased its market share in pharmacy and front-end sales.
  • Warner Music Group (Symbol: WMG) – Shares of the entertainment company gained more than 7% following an upgrade to overweight by Morgan Stanley.
  • Chewy (Symbol: CHWY) – Shares of Chewy jumped another 5% after Needham named the online pet company a top pick in 2021 and said it sees “strong” growth amid increasing net sales per customer. The stock has rallied more than 17% this week alone.
  • Accenture (Symbol: ACN) — Shares of the consulting firm gained 9% after Accenture’s stronger-than-expected fiscal first quarter. The company reported $2.32 in earnings per share on $11.76 billion in revenue. Analysts expected $2.05 per share and $11.36 billion in revenue. The company also raised its outlook for fiscal year.
  • Herman Miller (Symbol: MLHR) — Herman Miller shares fell more than 13% even after the office furniture company posted quarterly numbers that beat analyst expectations. The company reported a profit of 89 cents per share, topping an estimate of 56 cents per share.
  • ContextLogic (Symbol: WISH) – Shares of ContextLogic, the parent of discount e-commerce marketplace Wish, jumped more than 14% after dropping 16.4% in the previous session during the company’s market debut. The stock last traded around $22.9 a share, still below its IPO pricing of $24 per share, which was at the high end of expectations.

During Premarket hours today – Friday (18.12.2020):

  • Darden Restaurants (Symbol: DRI) – The restaurant operator reported quarterly earnings of 74 cents per share, beating estimates by 3 cents a share. Revenue came in below forecasts, however, as same-restaurant sales fell 20.6% compared to a FactSet estimate of an 18.3% decline.
  • BioTelemetry (Symbol: BEAT) – Dutch medical technology company Philips (PHG) is buying U.S.-based BioTelemetry for $72 per share in cash, or about $2.5 billion, representing a 16.5% premium over Thursday’s closing price.
  • FedEx (Symbol: FDX) – FedEx reported quarterly profit of $4.83 per share, 82 cents a share above consensus. Revenue topped estimates as well.

*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.