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Big Q2 Earnings Week Awaits: Pre-Market Futures Up Slightly
ZACKS· 2025-07-21 15:21
Group 1: Market Overview - Pre-market futures indicate a positive start to the trading week, with the Dow up 70 points, S&P 500 up 10 points, Nasdaq up 25 points, and Russell 2000 up 13 points, although all indexes are off their all-time highs from earlier in the month [1] Group 2: Company Earnings - Cleveland-Cliffs (CLF) reported a loss of -$0.50 per share, better than the projected -$0.68, with revenues of $4.93 billion exceeding Zacks consensus by +0.62%, leading to a +4.5% increase in shares [2] - Domino's Pizza (DPZ) missed earnings expectations by -3% with earnings of $3.81 per share, marking its second miss in three quarters, but revenues of $1.15 billion were up +4.3% year over year, resulting in a +3% increase in pre-market trading [3] Group 3: Economic Indicators - The U.S. Leading Economic Indicators (LEI) report for June is expected to show a further decline to -0.2% from May's -0.1%, with most LEI numbers negative over the past six months, indicating potential recession signals [4][5] - Upcoming economic reports include Existing & New Home Sales, S&P flash Services and Manufacturing PMI, and Durable Goods Orders, with mixed expectations for these data points [7] Group 4: Future Earnings Expectations - Alphabet (GOOGL) is expected to see a +13.2% increase in earnings and +11.1% in overall revenues, while Tesla (TSLA) is projected to experience a -23.1% decline in earnings year over year and -11.9% in revenue [6]
Nasdaq Gains Over 100 Points; BJ's Wholesale Earnings Top Views
Benzinga· 2025-05-22 14:15
Market Overview - U.S. stocks traded mostly higher, with the Nasdaq Composite gaining over 100 points on Thursday [1] - The Dow rose 0.01% to 41,866.30, the NASDAQ increased by 0.74% to 19,011.97, and the S&P 500 gained 0.20% to 5,856.20 [1] Sector Performance - Communication services shares increased by 1.7% on Thursday [1] - Utilities stocks experienced a decline of 1.8% [1] Company Earnings - BJ's Wholesale Club Holdings, Inc. reported adjusted earnings per share of $1.14, exceeding the analyst consensus estimate of 92 cents [2] - Quarterly revenues were $5.15 billion, a 4.7% year-over-year increase, but fell short of the expected $5.20 billion [2] - The company reaffirmed its full-year 2025 adjusted earnings guidance of $4.10 to $4.30 per share, compared to the $4.24 estimate [2] Stock Movements - Vigil Neuroscience, Inc. shares surged 243% to $7.91 following the announcement of its acquisition by Sanofi for approximately $600 million [8] - Navitas Semiconductor Corporation shares rose 128% to $4.3335 after being selected by NVIDIA for collaboration [8] - Advance Auto Parts, Inc. shares increased by 44% to $45.14 due to better-than-expected first-quarter results [8] - CEL-SCI Corporation shares dropped 46% to $2.4309 after announcing a $5 million public offering [8] - Sunrun Inc. shares fell 40% to $6.44 after a downgrade from BMO Capital [8] - Enphase Energy, Inc. shares decreased by 16% to $39.85 [8] Economic Indicators - U.S. existing home sales fell 0.5% month-over-month to an annual rate of 4.00 million, the lowest level in six months [10] - The S&P Global services PMI rose to 52.3 in May from 50.8 in April [10] - The S&P Global manufacturing PMI increased to 52.3 in May from 50.2 in April [10] - The Chicago Fed National Activity Index decreased to -0.25 in April from +0.03 in March [10] - U.S. initial jobless claims fell by 2,000 to 227,000 in the week ending May 17, compared to market estimates of 230,000 [10]
Trade Balance in Goods Hits All-Time Record, Plus Q1 Earnings
ZACKS· 2025-04-29 15:30
Economic Indicators - The Advance Trade Balance for March reached an all-time low of -$162 billion, worsening from an adjusted -$147.8 billion the previous month, indicating a significant decline since the last presidential election [2] - Advance Retail Inventories fell to -0.1% in March, contrary to expectations of +0.4%, marking a continued downward trend since July of the previous year [3] - Advance Wholesale Inventories increased by +0.5%, slightly below the +0.6% consensus estimate, matching the revised February figure [4] Company Earnings Reports - PayPal (PYPL) reported Q1 earnings of 92 cents per share, exceeding the expected 64 cents, but revenues fell short by -0.88% to $13.72 billion [5] - General Motors (GM) achieved Q1 earnings of $2.78 per share, surpassing the $2.69 estimate, with revenues of $44.02 billion exceeding expectations by +3.57% [6] - Honeywell (HON) reported earnings of $2.51 per share, beating estimates by +13.57%, with quarterly sales of $9.82 billion, a +2.59% increase [7] - Spotify (SPOT) missed Q1 earnings expectations significantly, reporting earnings of $1.13 per share compared to the expected $2.29, with revenues of $4.41 billion falling short by -4.08% [8] Market Expectations - Job Openings and Labor Turnover Survey (JOLTS) results are anticipated to show a decline from 7.57 million to approximately 7.5 million [10] - Consumer Confidence for April is expected to drop to 87.3 from 92.9 in March, reflecting concerns over the economic outlook and high prices [11] - Upcoming earnings reports from major companies like Visa, Starbucks, Seagate Technologies, and Snap are expected, with significant reports from Microsoft and Meta Platforms starting Wednesday [12]