During Market hours yesterday — (Wednesday – 19.05.2021):

  • The Dow (Symbol: DIA) went down 0.49%. The S&P 500 (Symbol: SPY) slid 0.26% and the Nasdaq (Symbol: QQQ) gained 0.11%.
  • Target (Symbol: TGT)— Shares of the retailer advanced 6.09% after Target’s first-quarter results beat analysts’ expectations on the top and bottom line. The company earned an adjusted $3.69 per share on $24.2 billion in revenue. The Street was expecting the company to earn $2.25 per share on $21.81 billion in revenue, according to estimates from Refinitiv.
  • Take-Two Interactive (Symbol: TTWO)— Take-Two shares jumped 6.95% following the video game company’s latest quarterly results. Take-Two earned an adjusted 94 cents per share, compared to the 67 cents analysts had been expecting, according to estimates compiled by Refinitiv. The company also topped revenue estimates.
  • Lowe’s (Symbol: LOW)— Shares of the home improvement retailer fell 1.05% despite beating on the top and bottom lines of its quarterly earnings. Lowe’s reported earnings of $3.21 per share on revenue of $24.42 billion. Wall Street expected earnings of $2.62 per share on revenue of $23.86 billion, according to Refinitiv.
  • TJX Companies (Symbol: TJX)— TJX shares dipped 5.29% despite reporting better-than-expected quarterly results. TJX earned 44 cents per share, topping estimates of 31 cents per share, according to Refinitiv. The company made $10.09 billion in revenue, higher than the $8.62 billion forecast on Wall Street.
  • JD.com (Symbol: JD)— The Chinese e-commerce company’s shares rose 1.20% after the firm reported better-than-expected earnings and revenue for the first quarter. JD’s active customer accounts grew by 29% in the quarter compared to a year earlier, thanks to an expanded product lineup.
  • Tesla (Symbol: TSLA)— Shares of the electric vehicle company, which holds a large amount of bitcoin, dipped 2.49% amid Wednesday’s cryptocurrency selloff. Tesla CEO Elon Musk in a tweet later Wednesday morning implied Tesla is not selling its bitcoin amid the cryptocurrency’s drop.
  • Microstrategy (Symbol: MSTR)— Microstrategy shares sunk 6.64% as bitcoin fell. The business analytics company holds a large amount of bitcoin in its corporate treasury.
  • Coinbase (Symbol: COIN)— Shares of the largest U.S. crypto exchange dropped 5.94%. The exchange’s website experienced a brief outage amid the crypto selloff before resuming service a few hours later, Coinbase said. The company debuted around the time Bitcoin’s price peaked at $65,000 five weeks ago.

During Premarket hours today – (Thursday – 20.05.2021):

U.S. weekly jobless claims total 444,000, vs 452,000 estimate

  • Virgin Galactic (Symbol: SPCE) – Virgin Galactic shares surged 14.1% in the premarket after the space travel company said the next test flight of its SpaceShipTwo Unity will occur on May 22. Virgin Galactic said a maintenance review on VMS Eve – the mothership which will carry SpaceShipTwo Unity to altitude – had been completed.
  • BJ’s Wholesale (Symbol: BJ) – The warehouse retailer reported quarterly earnings of 72 cents per share, 15 cents a share above estimates. Revenue beat estimates as well. The retailer’s comparable-store sales ex-fuel fell by 5%, but that was smaller than the 8.3% drop predicted by analysts who were surveyed by FactSet. BJ’s also said that the rest of 2021 remains difficult to forecast. Its shares sank 3.3% in premarket trading.
  • Kohl’s (Symbol: KSS) – Kohl’s shares fell 3.6% in premarket action, despite beats on both the top and bottom lines for its latest quarter. Kohl’s earned $1.05 per share, compared to a 4 cents a share consensus estimate. Revenue topped forecasts and the retailer also raised its outlook.
  • Petco (Symbol: WOOF) – Petco gained 1% in premarket action, after reporting quarterly earnings of 17 cents per share compared to a consensus estimate of 9 cents a share. The pet products retailer’s revenue also beat Wall Street forecasts, and it raised its full-year outlook.
  • Cisco Systems (Symbol: CSCO) – Cisco beat estimates by a penny a share, with quarterly earnings of 83 cents per share. The networking equipment maker’s revenue also topped Wall Street forecasts, however Cisco issued weaker-than-expected current-quarter guidance. The company said its profit margins are under pressure from supply chain challenges. Cisco’s shares tumbled 5.6% in premarket trading.
  • L Brands (Symbol: LB) – L Brands came in 4 cents a share above estimates, with quarterly profit of $1.25 per share. Revenue came in very slightly above consensus. Comparable-store sales at its Victoria’s Secret unit jumped 25%, while Bath & Body Works saw a same-store sales increase of 16%. The company is not providing guidance for the full year, and also said it is targeting the completion of its split into two separate companies for August. The company’s shares fell 2% in premarket action.
  • Synopsys (Symbol: SNPS) – Synopsys shares rose 2.2 % in the premarket after it beat top and bottom line estimates for its latest quarter, with profits nearly doubling from a year ago for the maker of semiconductor testing and design software. The company said demand is strong and that it foresees a new wave of growth ahead.
  • Shoe Carnival (Symbol: SCVL) – Shoe Carnival shares slid 7.2% in premarket trading after the footwear retailer predicted a drop in current-quarter sales compared to a year ago. The company did not provide an outlook for the second half of the year, citing supply chain issues and other potential uncertainties.
  • Coinbase (Symbol: COIN) – Coinbase is on watch after the cryptocurrency exchange operator’s shares fell for the past six days in a row, now down more than 40% from its initial trade on April 14, the day it went public. Wedbush initiated coverage on the stock with an “outperform” rating, citing strong cryptocurrency adoption. Its shares rose 1.7% in premarket action.

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