During Market hours yesterday — Wednesday (17.02.2021):

  • The Dow (Symbol: DIA) went up 0.3%. The S&P 500 (Symbol: SPY) popped 0.02%. and the Nasdaq (Symbol: QQQ) sank 0.5%.
  • Wells Fargo (Symbol: WFC) — The bank stock jumped 5.2% after Bloomberg News reported that Fed officials had signaled to Wells Fargo that they would approve its overhaul plan. Wells Fargo has been operating under several restrictions, including an asset camp, related to its fake accounts scandal under prior leadership.
  • Shopify (Symbol: SHOP) – Shares of the e-commerce company dropped 3.3% even after an earnings and revenue beat. Shopify earned an adjusted $1.58 per share for the fourth quarter, beating the $1.26 consensus estimate, according to Refinitiv. The company has been one of the biggest pandemic winners as businesses sought to move operations online. The stock soared 184% in 2020 and another 21% this year.
  • Chevron (Symbol: CVX), Verizon (Symbol: VZ) — Shares of Chevron and Verizon rose 3% and more than 5.2%, respectively, after SEC filings revealed Warren Buffett’s Berkshire Hathaway bought a $4.1 billion stake in Chevron and $8.6 billion in Verizon shares during the fourth quarter.
  • La-Z-Boy (Symbol: LZB) – Shares of the furniture maker dipped 5.7% after the company said its third quarter results declined year over year due to impacts from Covid-19. For the period the company reported a 74 cent per share profit excluding items, on $470.2 million in revenue. There were too few analyst estimates for any type of Street consensus reading. The company also announced that its CEO will retire effective April 25.
  • Vir Biotechnology (Symbol: VIR) — Shares of Vir Biotechnology popped 18.8% following an announcement that its Covid-19 antibody partnership with GlaxoSmithKline will be expanded to research therapies for other diseases.
  • DoorDash (Symbol: DASH) – Shares of the food delivery service were down 6.7% in midday trading even after an SEC filing showed Tiger Global Management Fund purchased more than a million DoorDash shares in the fourth quarter.
  • Choice Hotels International (Symbol: CHH) – The hotel stock fell 3.6% after the company reported a revenue miss. Choice Hotels earned $51 cents in the fourth quarter, lower than a FactSet estimate of 64 cents. Its revenue came in above expectations, however.
  • AIG (Symbol: AIG) — Shares of the insurance giant rose 2.7% following its better-than-expected quarterly results. AIG reported earnings of 94 cents per share, 1 cent above estimates, according to Refinitiv.

During Premarket hours today – Thursday (18.02.2021):

U.S. weekly jobless claims total 861,000, vs 773,000 expected.

  • Walmart (Symbol: WMT) – Walmart reported adjusted quarterly earnings of $1.39 per share, which includes a 7-cent impact from UK tax repayment. The consensus estimate had been $1.50. Revenue did beat forecasts, and US comparable sales excluding fuel were up 8.6% compared to the 5.8% FactSet estimate.
  • Tilray (Symbol: TLRY) – Tilray lost an adjusted 2 cents per share for its latest quarter, smaller than the 15 cent loss expected by Wall Street analysts, while the cannabis producer’s revenue was above estimates. The results come ahead of Tilray’s planned merger with rival Aphria (Symbol: APHA), which it expects to close in the second quarter
  • SunPower (Symbol: SPWR) – SunPower doubled consensus estimates with adjusted quarterly earnings of 14 cents per share, although the solar company’s revenue fell short of forecasts.
  • Marriott (Symbol: MAR) – Marriott bucked recent trends by hotel chains by beating Street estimates, earning an adjusted 12 cents per share for its latest quarter compared to an 11 cent consensus estimate. Revenue did miss forecasts as the company continues to be impacted by the pandemic.

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