During Market hours yesterday — (Tuesday – 20.04.2021):

  • The Dow (Symbol: DIA) went down 0.7%. The S&P 500 (Symbol: SPY) slid 0.7% and the Nasdaq (Symbol: QQQ) sank 0.8%
  • Johnson & Johnson (Symbol: JNJ)— Shares of the pharmaceutical giant rose 2.3% after the company reported earnings and revenue that beat Wall Street’s expectations. The company posted an adjusted EPS of $2.59, versus $2.34 expected, according to Refinitiv.
  • IBM (Symbol: IBM)— Shares of IBM jumped 3.8% to hit a new 52-week high after the company beat top and bottom line estimates during the first quarter. IBM earned $1.77 per share excluding items on $17.73 billion in revenue. Analysts were expecting $1.63 per share on $17.35 billion in revenue, according to estimates from Refinitiv.
  • Kansas City Southern (Symbol: KSU)— The railroad stock soared 15.3% after Canadian National Railway offered to buy Kansas City Southern at $325 per share in cash and stock. That bid represented a higher offering compared to a prior $275 per share from Canadian Pacific.
  • United Airlines (Symbol: UAL)— United shares fell 8.5% after the company said it lost $7.50 per share for the first quarter, larger than the loss of $7.08 that analysts were anticipating. The airline’s sales figures were also slightly softer than what analysts were expecting amid higher fuel costs and reduced demand from the Covid-19 pandemic. The stock is down 13% for the month.
  • Altria (Symbol: MO)— The tobacco stock fell 3.9% on the heels of a report from The Wall Street Journal that U.S. regulators are planning to limit the amount of nicotine in cigarettes. Shares of Philip Morris (Symbol: PM) bucked the trend, however, rising 2.5%.
  • AutoNation (Symbol: AN)— Shares of the auto retailer dropped 4.5% amid a broader market sell-off. The downtick came despite the company earning an adjusted $2.79 per share for its latest quarter, far above the consensus estimate of $1.87. Its sales figures topped estimates as well. Same-store sales were up 27% from a year earlier.

During Premarket hours today – (Wednesday – 21.04.2021):

  • Verizon (Symbol: VZ) – Verizon reported quarterly earnings of $1.31 per share, 2 cents a share above estimates. Revenue also beat analysts’ forecasts. Verizon lost more wireless subscribers during the quarter than analysts had been anticipating.
  • Welbilt (Symbol: WBT) – Welbilt shares surged 14.8% in the premarket after the maker of professional foodservice equipment agreed to be bought by rival Middleby (MIDD) in an all-stock transaction with an implied value of $4.3 billion.
  • Anthem (Symbol: ANTM) – The health insurer earned $7.01 per share for its latest quarter, beating estimates by 50 cents a share. Revenue fell short of Wall Street projections. Anthem also raised its full-year outlook, amid growth in its various medical plans and higher pharmacy benefit management revenue.
  • Halliburton (Symbol: HAL) – Halliburton shares climbed 2.4% in premarket action after it beat estimates by 2 cents a share, with quarterly profit of 19 cents per share. Revenue was above estimates as well, with the oilfield services company saying its North American business continues to stage a healthy recovery.
  • Baker Hughes (Symbol: BKR) – The oilfield services company’s stock rose 1.2% in premarket action after it reported quarterly earnings of 12 cents per share, a penny a share above estimates. Revenue was essentially in line with expectations. Profit tumbled 40% from a year ago, impacted by severe winter weather.
  • Nasdaq (Symbol: NDAQ) – The stock exchange operator earned $1.96 per share for the first quarter, 23 cents a share above estimates. Revenue also came in above Street forecasts. Results were boosted by double-digit increases in equity and fixed income trading revenue. Nasdaq also announced a 10% dividend increase.
  • Netflix (Symbol: NFLX) – Netflix tumbled 8.7% in premarket trading, even after beating estimates on both the top and bottom lines for its latest quarter. Investors are focusing on weaker-than-expected subscriber growth numbers for the video streaming giant.
  • CSX (Symbol: CSX) – CSX fell 2 cents a share short of estimates, with quarterly earnings of 93 cents per share. The rail operator’s revenue came in above forecasts. Pandemic-related disruptions and higher fuel costs ate into CSX’s bottom line.

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