During Market hours Yesterday — (Thursday – 18.11.2021):
- The Dow (Symbol: DIA) went down 0.15%. The S&P 500 (Symbol: SPY) went up 0.35% and the Nasdaq (Symbol: QQQ) rose 1%.
- Nvidia (Symbol: NVDA) — The chip giant saw its shares soaring more than 8% after the company beat earnings and sales expectations for the third quarter. Nvidia reported adjusted earnings per share of $1.17 and revenue of $7.1 billion. Analysts expected $1.11 earnings per share and revenue of $6.82 billion, according to Refinitiv. Its market cap surpassed $800 billion during Thursday’s rally.
- Kohl’s (Symbol: KSS) — Shares of the retail chain rose 10.6% after a stronger-than-expected third quarter. The company earned an adjusted $1.65 in earnings per share on $4.6 billion in revenue. Analysts surveyed by FactSet were looking for 70 cents per share and $4.27 billion in revenue. Kohl’s also hiked its full-year outlook for sales and earnings.
- Cisco Systems (Symbol: CSCO) — Shares of the technology company dropped 5.5%, dragging down the Dow Jones Industrial Average. On Wednesday, Cisco Systems issued next quarter earnings guidance at the low end of estimates. The company called for revenue growth between 4.5% and 6.5% in the fiscal second quarter, below estimates of 7.4%, according to Refinitiv. Fiscal first-quarter earnings beat expectations but revenue fell short of estimates.
- Apple (Symbol: AAPL) — Shares of the tech giant rose 2.9% and hit an all-time high after Bloomberg News reported that Apple is aiming to develop a car by 2025. The company wants the vehicle to be fully autonomous, according to the report.
- Activision Blizzard (Symbol: ATVI) — Shares of the video game publisher fell 2.4% as Activision Blizzard continues to deal with the fallout from a report that its CEO mishandled allegations of sexual misconduct at the company. JPMorgan downgraded Activision Blizzard to neutral, saying in a note that investors should avoid the stock until the controversy is resolved.
- BJ’s Wholesale (Symbol: BJ) — The retail stock surged nearly 20% after BJ’s reported third-quarter results that were well ahead of expectations. The company reported an adjusted 91 cents in earnings per share and $4.26 billion in revenue. Analysts surveyed by Refinitiv were expecting 80 cents in earnings and $3.92 billion in revenue.
- JD.com (Symbol: JD) — The U.S.-traded shares of the Chinese e-commerce company rose 6% after JD.com’s third-quarter results beat estimates on the top and bottom lines. The company said net product revenues were up 23% year over year while net service revenues rose 43%.
During Premarket hours today – (Friday – 19.11.2021):
- Foot Locker (Symbol: FL) – Foot Locker slid 3.6% in the premarket after the athletic footwear and apparel retailer said it expects global supply chain constraints to persist through this quarter. The slide comes despite a beat on both the top and bottom lines for Foot Locker’s most recent quarter, as well as better-than-expected comparable store sales.
- Dillard’s (Symbol: DDS) – The department store operator’s stock added 3.2% in premarket trading after the company announced a $15 per share special dividend, payable on December 15 to shareholders of record as of November 29.
- Farfetch (Symbol: FTCH) – The online luxury fashion marketplace operator’s shares plunged 21.4% in the premarket after it reported a narrower-than-expected quarterly loss and saw revenue fall short of Wall Street forecasts. The company also gave weaker-than-expected adjusted earnings guidance.
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