During Market hours yesterday — (Thursday – 18.03.2021):
- The Dow (Symbol: DIA) went down 0.4%. The S&P500 (Symbol: SPY) slid 1.5% and the Nasdaq (Symbol: QQQ) sank 3%
- Williams-Sonoma (Symbol: WSM) – Shares of the retailer jumped more than 18% after the company beat top and bottom line estimates during the fourth quarter. Williams-Sonoma earned $3.95 per share excluding items during the period, compared to the consensus estimate of $3.39, according to Refinitiv. Revenue came in at $2.29 billion, ahead of the expected $2.18 billion. The company’s results were boosted by consumers spending more time at home during the pandemic.
- Dollar General (Symbol: DG) – The discount retailer shares fell more than 4% after the company reported an earnings miss. Dollar General posted quarterly earnings of $2.62 per share, missed Refinitiv estimates by 10 cents. However, the company’s revenue came in above expectations as comparable store sales rose more than expected.
- Lordstown Motors (Symbol: RIDE) — Shares of the nascent electric vehicle company slid 13% after the company reported a loss of 23 cents per share for the fourth quarter. The company also said it had been contacted by the Securities and Exchange Commission regarding a report from short seller Hindenburg Research and its CEO clarified that its pre-orders for vehicles were non-binding.
- Signet Jewelers (Symbol: SIG) – The jewelers’ stock jumped 3.3% following a solid quarterly earnings report. Signet earned an adjusted $4.15 per share, compared to a consensus estimate of $3.54, according to Refinitiv. The jeweler also posted strong comparable store sales.
- Upstart Holdings (Symbol: UPST) – Shares of the consumer-lending company soared 90% after Upstart said it has agreed to acquire Prodigy Software, a provider of cloud-based automotive retail software. Upstart also reported better-than-expected earnings and revenue for the fourth quarter.
- AMC Entertainment (Symbol: AMC) — The movie theater stock jumped 3% after the company announced that 98% of its U.S. theaters will be open beginning Friday. By March 26, 99% of its locations will be reopened.
- Palo Alto Networks (Symbol: PANW) — The tech stock dipped 5.7% after Palo Alto Networks announced that its chief financial officer was leaving and being replaced internally, effective immediately. The departing CFO, Luis Visoso, is joining Unity in the same role.
During Premarket hours today – (Friday – 19.03.2021):
- Nike (Symbol: NKE) – Nike came in 14 cents a share above estimates, with quarterly profit of 90 cents per share. The athletic footwear and apparel company’s revenue came in below analysts’ projections, however, and its full-year revenue outlook was also shy of estimates. Nike said North American revenue was hit by port-related issues which delayed shipments by up to three weeks.
- FedEx (Symbol: FDX) – FedEx reported quarterly earnings of $3.47 per share, beating the consensus estimate of $3.23 a share. Revenue also came in above forecasts. FedEx’s average revenue per package for its Ground service rose by 11%, as it continues to benefit from the pandemic-related surge in e-commerce orders.
- Skillz (Symbol: SKLZ) – Skillz tumbled 7% in premarket action after the mobile gaming company announced a 32 million share public offering. The offering priced at $24 per share, with Skillz selling 17 million shares and certain stockholders selling the rest. Skillz said it would use the proceeds for general corporate purposes.
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