During Market hours yesterday — Wednesday (21.04.2021):

  • The Dow (Symbol: DIA) went up 0.9%. The S&P 500 (Symbol: SPY) popped 1%. and the Nasdaq (Symbol: QQQ) rose 0.9%.
  • Netflix (Symbol: NFLX)— The streaming giant’s shares plunged 7.4% after the company reported a big subscriber miss as the demand surge from the pandemic started to fade. Netflix added 3.98 million paid net subscriber globally, versus 6.2 million expected, according to FactSet.
  • Norwegian Cruise Line (Symbol: NCLH)— The cruise line operator saw its stock pop 10.3% after Goldman Sachs upgraded the stock to buy from neutral. The Wall Street firm said its business mix and balance sheet put the company in a strong position relative to other major cruise players.
  • Intuitive Surgical (Symbol: ISRG)— The medical device stock surged 9.9% after a stronger-than-expected first quarter report. Intuitive Surgical reported earnings of $3.52 per share on $1.29 billion in revenue. Analysts surveyed by Refinitiv had penciled in $2.63 per share and $1.1 billion in revenue.
  • CSX (Symbol: CSX)— Freight railroad company CSX rose 4.3% despite slightly missing analysts’ earnings expectations. CSX earned 93 cents per share, compared with the 95 cents per share forecast on Wall Street, according to Refinitiv. Revenue came in at $2.81 billion, above estimates of $2.78 billion.
  • Tenet Healthcare (Symbol: THC)— Shares of the hospital company jumped 4.8% on Wednesday after its first-quarter results beat expectations, boosted by a jump in ambulatory care revenue. Tenet reported $1.30 in adjusted earnings per share on $4.78 billion in revenue. Analysts surveyed by Refinitiv were expected 72 cent per share and $4.77 billion in revenue.
  • United Airlines (Symbol: UAL)— The airline stock rebounded 3.1% after plunging 8.5% on Tuesday. The initial loss came after the carrier reported its fifth consecutive quarterly loss and said that business and international travel is still far from a recovery. Deutsche Bank added a short term buy call on shares of the airline and said it saw an “attractive” risk/reward.
  • Mattel (Symbol: MAT)– Shares of the toy company advanced 1.8% after Berenberg upgraded the stock to a buy rating based on expected revenue growth. Berenberg envisions the stock hitting $25, which is 22% above where shares closed on Tuesday.
  • Welbilt (Symbol: WBT)— Welbilt shares surged 44.5% after the maker of professional foodservice equipment agreed to be bought by rival Middleby in an all-stock transaction with an implied value of $4.3 billion.
  • MetLife (Symbol: MET)– Shares of the insurance company advanced 2.4% after UBS initiated coverage on the company with a buy rating. The firm said MetLife’s “divest-and-deploy strategy” is “enabling ongoing reduction to earnings volatility and enterprise complexity.” The firm has a $72 target on the stock, which is roughly 18% above where shares closed on Tuesday.

During Premarket hours today – Thursday (22.04.2021):

U.S. weekly jobless claims total 547,000, vs 603,000 expected.

  • American Airlines (Symbol: AAL) – The airline lost $4.32 per share for the first quarter, one cent a share wider than consensus estimates. The stock rallied 3.6% premarket after American said its cash flow turned positive by the end of the quarter, excluding debt payments.
  • Teradata (Symbol: TDC) – The database and analytics software provider presented preliminary first-quarter data that was well above its prior earnings guidance. Teredata continues to benefit from its ongoing growth in cloud computing.
  • Equifax (Symbol: EFX) – The credit reporting agency’s stock jumped 8.5% in premarket trading after it reported better-than-expected earnings and raised its annual guidance. The company’s performance was helped by a 59% increase in revenue from its workforce solutions business.
  • Tractor Supply (Symbol: TSCO) – The farm equipment and supplies maker earned $1.55 per share for its latest quarter, well above the 97 cents a share consensus estimate. Revenue also came in above forecasts as comparable-store sales jumped nearly 39%.
  • AT&T (Symbol: T) – AT&T reported quarterly earnings of 86 cents per share, 8 cents a share above estimates. Revenue also came in above forecasts and AT&T added more wireless customers during the quarter than analysts had anticipated.
  • Alaska Air (Symbol: ALK) – The airline posted a first-quarter loss of $3.51 per share, smaller than the loss of $3.63 a share that analysts had anticipated. Revenue came in above consensus estimates. The company said improved conditions allowed it to achieve positive cash flow during March.
  • Southwest Airlines (Symbol: LUV) – Southwest’s quarterly loss of $1.72 per share was smaller than the anticipated loss of $1.85 a share. Revenue was essentially in line with Wall Street forecasts, and Southwest forecast a lower cash burn rate for the current quarter as conditions improve.
  • D.R. Horton (Symbol: DHI) – The luxury home builder’s shares added 1.8% in premarket action after it reported better-than-expected sales and earnings for its latest quarter and predicted strong full-year revenue. Strong demand and low mortgage rates helped sales nearly double during its most recent quarter.
  • Chipotle Mexican Grill (Symbol: CMG) – Chipotle reported better-than-expected earnings and a 17.2% increase in comparable-store sales. Digital sales more than doubled during the quarter, and Chipotle said it expected a better than 30% jump in comparable sales this quarter as customers return to its physical locations.
  • Whirlpool (Symbol: WHR) – The appliance maker reported quarterly earnings of $7.20 per share, well above the $5.41 a share consensus estimate. The company also reported better-than-expected revenue. Whirlpool raised its full-year guidance and boosted its quarterly dividend to $1.40 per share from $1.25 a share.
  • Sleep Number (Symbol: SNBR) – The mattress retailer’s shares tumbled 6% in premarket trading after sales fell short of forecasts even as earnings came in better than expected. Sleep Number’s sales were impacted by supply chain issues.
  • Churchill Downs (Symbol: CHDN) – The operator of the Churchill Downs racetrack and other entertainment and gaming venues reported better-than-expected earnings and revenue for its latest quarter. The company’s gaming segment saw earnings surge 72% from the prior year.
  • Discover Financial (Symbol: DFS) – The financial services company earned $5.04 per share for its latest quarter, beating the $2.82 a share consensus estimate by a wide margin.
  • Netgear (Symbol: NTGR) – The computer networking equipment maker gave a weaker-than-expected current-quarter forecast. Netgear beat Wall Street forecasts for its most recent quarter, however, but said it is being impacted by supply chain issues and higher freight costs.

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