| What to watch today: Wall Street dips after another day of record-high closes | | |  | TUE, JUL 27, 2021 | | | | AS OF TUE, JUL 27, 2021 • 08:51 ET | | Dow Jones Fut | | 35,144.31 | | Current: | 34,950.00 | | Change: | -84.00 | | Impl. Open: | -81.31 | | | S&P 500 Fut | | 4,422.30 | | Current: | 4,408.25 | | Change: | -6.00 | | Impl. Open: | -6.05 | | | NASDAQ 100 Fut | | 15,125.95 | | Current: | 15,126.50 | | Change: | 8.75 | | Impl. Open: | 12.55 | | | Russell 2000 Mini | | 2,216.92 | | Current: | 2,200.40 | | Change: | -13.00 | | Impl. Open: | -13.52 | | Apple (AAPL), Microsoft (MSFT) and Google parent company Alphabet (GOOGL) are scheduled to deliver quarterly results Tuesday afternoon, along with Visa (V) and Starbucks (SUBX). Facebook (FB)and Amazon (AMZN) are set to report earnings later this week. (CNBC)
The second-quarter earnings season has been stronger than expected. So far, 88% of S&P 500 companies reported a positive EPS surprise, according to FactSet. If that's the final tally, it would be the highest since FactSet began tracking the metric in 2008. (CNBC) | | Shares of General Electric (GE) jumped more than 3.5% in premarket trading, after the struggling conglomerate exceeded estimates with second-quarter earnings and revenue. GE also said Tuesday it expects 2021 free cash flow to be $3.5 billion to $5 billion, up from its prior forecast of $2.5 billion to $4.5 billion. (Reuters) | | | | Shares of United Parcel Service dropped about 2% in the premarket, after the delivery giant on Tuesday reported second-quarter earnings and revenue that beat estimates. Under CEO Carol Tome, UPS has been reining in costs and focusing on high-margin packages under her "better not bigger" strategy. (Reuters) | | | | Retired Sen. Mike Enzi, a Wyoming Republican known as a consensus-builder in an increasingly polarized Washington, has died. He was 77. Enzi had been hospitalized with a broken neck and ribs three days after a bicycle accident Friday. (AP) | | | | American Airlines (AAL) said it might have to add stops to certain flights because of fuel delivery delays at some small and midsize airports and asked pilots to save fuel when possible, the latest headache during a surge in summer travel. The carrier said airlines, including American, have experienced the delays due to a lack of truck drivers, trucks and fuel supply. (CNBC) | | | | Facebook will create a product team to work on the "metaverse," a concept that involves creating digital worlds that multiple people can inhabit at the same time. The metaverse team will be part of Facebook's virtual reality group, Reality Labs, executive Andrew Bosworth said in a Facebook post. (CNBC) | | | | F5 Networks (FFIV) beat estimates by 30 cents a share, with quarterly earnings of $2.76 per share. The enterprise software maker's revenue topped analysts' forecasts as well. F5 saw strong demand amid a continued pandemic-induced growth in digital business applications. F5 rallied 6.1% in premarket trading. | | | | Stanley Black & Decker (SWK) beat estimates by 18 cents a share, with quarterly earnings of $3.08 per share. Revenue topped Street forecasts and the company raised its full-year outlook, expecting growth and stronger pricing to offset higher costs. | | | | 3M (MMM) rose 1.2% in premarket trading, after beating the $2.28 a share consensus estimate with quarterly earnings of $2.59 per share. Revenue beat forecasts as well, and 3M raised its full-year outlook as its various businesses recover from the pandemic. | | | | Raytheon Technologies (RTX) came in 10 cents a share above estimates, with quarterly earnings of $1.03 per share. Revenue also topped analysts' forecasts. The aerospace manufacturer raised its full-year forecast, as a recovery in commercial air travel boosted demand for its products and services. Raytheon shares rose 1.7% in the premarket. | | | | Sirius XM (SIRI) beat estimates by 3 cents a share, with quarterly earnings of 10 cents per share. The company also reported better-than-expected revenue. Its profit nearly doubled from a year earlier as it benefited from subscriber additions. The stock gained 3.1% in premarket action. | | | | Waste Management (WM) came in 8 cents a share above estimates, with quarterly earnings of $1.27 per share. Revenue also exceeded estimates. Waste Management said it benefited from a rebound in volume and a focus on cost controls. | | | | Sherwin-Williams (SHW) fell 3 cents a share shy of consensus estimates, with quarterly earnings of $2.65 per share. Revenue was in line with estimates. Results were impacted by a return in do-it-yourself volumes to pre-pandemic levels. | | | | Intel (INTC) set out a multi-year plan to regain its dominance in the semiconductor market, aiming to release a new chip each year between now and 2025 and seeking to regain lost market share from competitors like Samsung and Taiwan Semiconductor. Intel fell 1.9% in the premarket. | | | | Starbucks (SBUX) expanded its partnership with Swiss food giant Nestle, with plans to introduce ready-to-drink coffee beverages in Southeasts Asia and Latin America. Separately, Starbucks sold its stake in its South Korea joint venture to local partner E-Mart and Singapore's sovereign wealth fund. | | | | Polaris Industries (PII) reported quarterly profit of $2.70 per share, beating the consensus estimate of $2.21 a share. The recreational vehicle maker's revenue matched Wall Street projections. Polaris was helped by lower promotional costs and stronger pricing, although it also experienced higher costs for commodities and labor. | | |
Tidak ada komentar:
Posting Komentar