During Market hours yesterday — Wednesday (17.03.2021):

  • The Dow (Symbol: DIA) went up 0.6%. The S&P 500 (Symbol: SPY) popped 0.3%. and the Nasdaq (Symbol: QQQ) rose 0.4%.
  • Plug Power (Symbol: PLUG) – The fuel cell maker’s shares slid 7.9% after Plug Power said it will restate financial results following accounting errors. In a filing the company said the errors are primarily related to areas including the impairment of certain long-lived assets, as well as loss accruals for certain service contracts. “There is no expected impact to our cash position, business operations or economics of commercial arrangements,” the company said, adding that the review did not find any misconduct.
  • Coupa Software (Symbol: COUP) – Shares of the financial management software company dropped 4.8% even after a better-than-expected quarterly report. Coupa earned an adjusted 17 cents per share for its latest quarter, compared to expectations of an 11 cents per share loss, according to Refinitiv. The company’s revenue also topped expectations.
  • Lennar (Symbol: LEN) — The homebuilder’s share price popped 13.8% after reporting strong quarterly results. Lennar reported earnings per share of $2.04. Revenue came in at $5.33 billion, topping estimates of $5.13 billion, according to Refinitiv.
  • CrowdStrike Holdings  (Symbol: CRWD) – The security software stock rose 6% after the company reported earnings that topped analysts’ estimates. CrowdStrike reported quarterly earnings of 13 cents per share, beating estimates by 5 cents, according to Refinitiv. CrowdStrike also issued an upbeat outlook, projecting more than $1 billion in revenue this year.
  • Uber (Symbol: UBER) — Shares of the ride-hailing service dropped 4.2% Wednesday morning after the company said it would grant U.K. drivers worker status, minimum wage and certain benefits. Uber’s decision came after the country’s Supreme Court upheld a ruling that a group of drivers were workers, not independent contractors.
  • Coherent (Symbol: COHR) — The laser company’s stock price jumped 3.3% after Coherent said it had received a revised takeover bid from optical components maker Lumentum for $6.9 billion in cash and stock.  This is the 8th bid for Coherent in a takeover contest involving Lumentum, II-VI and MKS Instruments.

During Premarket hours today – Thursday (18.03.2021):

U.S. weekly jobless claims total 770,000, vs 700,000 expected.

  • Dollar General (Symbol: DG) – Dollar General shares tumbled 6.1% in premarket action after the discount retailer missed estimates by 10 cents a share, with quarterly earnings of $2.62 per share. The company exceeded revenue estimates as comparable-store sales increased more than expected.
  • Signet Jewelers (Symbol: SIG) – Signet earned $4.15 per share, compared to a consensus estimate of $3.54 a share. Revenue came in above estimates as well amid strong comparable-store sales.
  • Petco (Symbol: WOOF) – In its first report since going public in January, the pet supplies retailer reported quarterly profit of 17 cents per share, 6 cents a share above estimates. Revenue also came in above Wall Street forecasts, with comparable-store sales up 17%.
  • Accenture (Symbol: ACN) – The consulting firm reported quarterly profit of $2.23 per share, beating the consensus estimate of $1.90 a share. Revenue topped forecasts as well. Accenture also raised its earnings forecast, as more companies utilize its services to move to cloud-based operations.

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