During Market hours Yesterday — (Tuesday – 17.08.2021):
- The Dow (Symbol: DIA) slid 0.77%. The S&P 500 (Symbol: SPY) lost 0.66% and the Nasdaq (Symbol: QQQ) went down 0.88%.
- Home Depot (Symbol: HD)— The home improvement retailer’s shares dropped 4.27% after reporting second-quarter results. Comparable-store sales fell short of forecasts, however, rising 4.5% compared to a StreetAccount consensus estimate of 5%. However, Home Depot earned $4.53 per share, 9 cents a share above estimates. Revenue also topped forecasts.
- 23andMe (Symbol: ME)— Shares of 23andMe surged 13.17% after Credit Suisse initiated coverage of the stock with an outperform rating, saying in a note to clients that the company’s database would be hard to match for pharmaceutical research.
- Tencent Music (Symbol: TME)— Tencent Music shares dropped 12.33% after the online music entertainment platform missed on second-quarter revenue expectations. The company reported revenue of 8.01 billion Chinese yuan, compared with the 8.13 billion Chinese yuan analysts surveyed by Refinitiv expected.
- Endeavor Group Holdings (Symbol: EDR)– Shares of the company jumped 7.88% after the entertainment group beat bottom-line estimates during the second quarter. Endeavor posted a profit of 19 cents on an adjusted basis, while analysts had been expecting a loss of 2 cents per share. Revenue, however, came up slightly short of estimates. The company also lifted its full-year revenue guidance due to growing demand for in-person events.
- Roblox (Symbol: DIA)– The video game company’s shares slipped 1.12% after Roblox’s second-quarter bookings came in below expectations. The company reported $665 million for the revenue metric, while analysts surveyed by Refinitiv were expecting $683 million. However, Roblox estimated that daily active users grew 8% from June to July, and bookings grew 10% to 11% in that same period.
- Stanley Black & Decker (Symbol: SWK)— Shares of the tool maker fell 2.99% after announcing Tuesday morning that it struck a deal with MTD Holdings, the outdoor power equipment provider, to up its stake in the company for $1.6 billion in cash. Stanley Black & Decker has held a 20% stake in MTD since 2019 and will acquire the remaining 80% it doesn’t already own.
During Premarket hours Today — (Wednesday – 18.08.2021):
- Lowe’s (Symbol: LOW) – The home improvement retailer reported an adjusted quarterly profit of $4.25 per share, beating the consensus estimate of $4.01. Revenue beat forecasts, and the same-store sales decline of 1.6% was less than the 2.2% decline predicted by analysts. Lowe’s also raised its full-year financial outlook, as spending by builders and professionals rose.
- Target (Symbol: TGT) – The retailer beat estimates by 15 cents with adjusted quarterly earnings of $3.64 per share, and revenue slightly above analyst forecasts. Comparable store sales rose 8.9%, slightly above the 8.8% consensus estimate.
- Krispy Kreme (Symbol: DNUT) – The doughnut chain fell a penny shy of Street forecasts with an adjusted quarterly profit of 13 cents per share, though revenue did beat estimates. Krispy Kreme also gave a better-than-expected revenue forecast, based on projected strength from online ordering and new menu items.
- Alcon (Symbol: ALC) – The maker of eyecare and surgical products surged 9.8% in the premarket, after reporting better-than-expected quarterly results and raising its full-year guidance. The quarter marked the debut of Alcon’s Vivity intraocular contact lens, which analysts say will help drive sales growth.
- Moderna (Symbol: MRNA), BioNTech (Symbol: BNTX) – Moderna rose 1.6% in premarket trading while BioNTech gained 1%, ahead of an expected announcement by the White House calling for a booster shot for Americans already fully vaccinated against Covid-19.
- T-Mobile (Symbol: TMUS) – Following an investigation, the wireless carrier now says the personal information of about 7.8 million customers was compromised in a recent data breach. That included dates of birth, social security numbers and driver’s license information, although no financial information was stolen.
- Tilray (Symbol: TLRY) – The Canada-based cannabis producer’s shares surged 8.1% in premarket trading, after striking a deal to buy $166 million in convertible debt of U.S. producer MedMen Enterprises. Canadian producers cannot yet directly own a U.S.-based marijuana business, but Tilray could be poised to benefit from the deal if and when U.S. laws change.
- Agilent Technologies (Symbol: A) – Agilent gained 1.9% in the premarket after the life sciences company beat top and bottom-line estimates for its latest quarter and raised its full-year forecast. Agilent said its metrics were upbeat across all its units and added that its non-Covid diagnostics business has recovered beyond pre-pandemic levels.
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