During Market hours yesterday — (Tuesday – 27.04.2021):
- The Dow (Symbol: DIA) went down 0.01%. The S&P 500 (Symbol: SPY) slid 0.02% and the Nasdaq (Symbol: QQQ) sank 0.4%
- Tesla (Symbol: TSLA) — Shares of the electric vehicle company slipped nearly 5%, despite headline beats on earnings and revenue for Tesla’s first quarter. The company’s net profit was boosted by regulatory credits and a $101 million benefit from selling bitcoin. CEO Elon Musk said that issues in the auto supply chain remain a problem for Tesla along with its competitors.
- Crocs (Symbol: CROX) — The footwear company’s share price soared about 15% after Crocs reported record first-quarter sales and raised its revenue guidance. The company now projects sales to grow 40% to 50% this year, doubling its previous guidance, with CEO Andrew Rees saying the brand is “stronger than ever.”
- 3M (Symbol: MMM) — 3M shares slid more than 2% despite the company beating top and bottom line estimates during the first quarter. The conglomerate earned $2.77 per share, ahead of the $2.29 per share expected by analysts polled by Refinitv. Revenue came in at $8.85 billion, also above the expected $8.47 billion.
- Homebuilders (Symbol: XHB) — Homebuilder equities as measured by the SPDR S&P Homebuilders ETF rose 1% around 12:20 p.m. in New York after a report said that home prices in February rose 12% year over year, up from 11.2% in January. The S&P CoreLogic Case-Shiller home price index said the 12% gain is the highest recorded since February 2006, exactly 15 years ago.
- JetBlue (Symbol: JBLU) — Shares of the airline dipped more than 2% following the company’s first quarter results. JetBlue lost $1.48 per share on an adjusted basis, on $733 million in sales. Analysts were expecting a $1.69 per share loss and $683 million in revenue, according to estimates from Refinitiv.
- Eli Lilly (Symbol: LLY) — The pharmaceutical company’s share price dipped nearly 3% after missing on the top and bottom lines of its quarterly earnings. Eli Lilly reported earnings of $1.87 per share, below the $2.14 expected by analysts, according to Refinitiv. The company made $6.81 billion in revenue, missing estimates of $7.03 billion.
- UBS (Symbol: UBS) — Shares of UBS fell 1% in midday trading after disclosing that its profits suffered a hit from the Archegos Capital saga nearly one a month after the collapse of the U.S. hedge fund. In a regularly scheduled investor update, the Swiss bank said revenues were $774 million lower in the first quarter of 2021 as a result of the default by the Archegos fund.
- GameStop (Symbol: GME) — The volatile video game retailer’s stock popped more than 5% around 12:20 p.m. in New York as investors in the meme stock applauded a share sale, which dilutes each owner’s stake in the firm. Shares are up about 860% this year.
During Premarket hours today – (Wednesday – 28.04.2021):
- Alphabet (Symbol: GOOGL) – Alphabet reported record profit for the second consecutive quarter, earnings of $26.29 per share compared to a consensus estimate of $15.82 a share. Revenue beat forecasts, and the Google parent also announced a $50 billion share buyback. Shares jumped 5.1% premarket.
- Spotify (Symbol: SPOT) – The music streaming service logged a smaller-than-expected loss for its latest quarter, as well as beating revenue estimates and reporting a 24% increase in monthly active users. Its projected range for the current quarter’s operating loss falls largely below analyst forecasts.
- Pinterest (Symbol: PINS) – Pinterest shares tanked 11.9% in the premarket, despite beating estimates on both the top and bottom lines for its latest quarter. Investors are focusing on a slowdown in user growth for the image-sharing company.
- Shopify (Symbol: SHOP) – The e-commerce platform provider’s stock rallied 5.5% in the premarket after reporting better-than-expected earnings and revenue for its latest quarter. Shopify continues to benefit from the boom in online shopping.
- Boeing (Symbol: BA) – Boeing lost $1.53 per share, compared to a consensus forecast for a loss of $1.15 per share. Revenue was better than expected, although the jet maker said the global pandemic continues to challenge the overall market environment.
- Stanley Black & Decker (Symbol: SWK) – The tool company beat estimates on the top and bottom lines for its latest quarter. The company also raised its fiscal year forecast and boosted its stock buyback plans by 20 million shares. Stanley Black & Decker saw particularly strong growth for tools and storage products.
- Humana (Symbol: HUM) – The health insurer earned $7.67 per share for its latest quarter, better than the $7.08 a share consensus estimate. Revenue beat forecasts as well, helped by strength in sales of its Medicare Advantage plans.
- General Dynamics (Symbol: GD) – The defense contractor’s shares added 2.2% in premarket action after it beat top and bottom line estimates for its latest quarter, helped by strength in its aerospace unit.
- Garmin (Symbol: GRMN) – Garmin earned $1.18 per share for the first quarter, beating the 89 cents a share consensus estimates. Revenue exceeded estimates by a wide margin amid double-digit growth for its fitness, outdoor, marine and auto segments.
- Brinker International (Symbol: EAT) – The parent of Chili’s and other restaurant chains missed estimates on the top and bottom lines for its latest quarter, but it gave a better-than-expected outlook.
- Starbucks (Symbol: SBUX) – Starbucks beat estimates by 9 cents a share, with quarterly earnings of 62 cents per share. Revenue came in short of forecasts, however, due to weak international sales. The coffee chain said U.S. sales have recovered to pre-pandemic levels.
- Microsoft (Symbol: MSFT) – Microsoft fell 2.5% in the premarket despite earning $1.95 per share for its latest quarter, beating the $1.78 a share consensus estimate. Revenue came in above forecasts as well, boosted by an expanding presence in cloud computing and business services.
- Mondelez (Symbol: MDLZ) – Mondelez came in 8 cents a share above estimates, with quarterly profit of 77 cents per share. The snack maker’s revenue also came in above Wall Street projections. Mondelez continues to benefit from consumers stocking up on snacks amid the pandemic, especially in international markets where lockdowns are still prevalent.
- Visa (Symbol: V) – Visa reported quarterly profit of $1.38 per share, 11 cents a share above estimates. The payment network operator also posted better-than-expected revenue, boosted by the ongoing surge in online shopping.
- Sony (Symbol: SONY) – Sony reported better-than-expected profit and revenue for its latest quarter, driven by an ongoing jump in gaming demand as well as the popularity of the PlayStation 5 gaming console.
*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.