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.

*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.