Tuesday's CPI report likely to show inflation continuing to run hot, putting the Fed in tough spot

The consumer price index is expected to come in at a 5.4% year over year pace for August, when it is reported Tuesday, according to the Dow Jones consensus estimate. Any inflation data is important for the markets, but this report could set the tone for trading ahead of the Fed's September meeting next week.… Continue reading Tuesday's CPI report likely to show inflation continuing to run hot, putting the Fed in tough spot

Australian miner Fortescue's shares soar after reporting record profit

Fortescue on Monday reported full-year profits that hit a record high. It will be paying out total dividends of 3.58 Australian dollars per share – an increase of 103% compared to last year. Analysts have been bullish on miners, as iron ore prices rocketed this year, benefiting the companies. Shares of Australian miner Fortescue soared… Continue reading Australian miner Fortescue's shares soar after reporting record profit

Peloton shares tank after cycle maker posts disappointing earnings and outlook; cuts Bike price

Peloton reported Thursday that revenue growth in its fiscal fourth quarter tapered off dramatically from the prior quarter. The company swung to a net loss after costs associated with a treadmill recall weighed on profits. Peloton offered up a disappointing revenue outlook for its fiscal first quarter, anticipating last-mile delivery costs will impact profit margins.… Continue reading Peloton shares tank after cycle maker posts disappointing earnings and outlook; cuts Bike price

Earnings Previews: Heico, Intuit, Nordstrom

Monday morning’s earnings announcement from JD.com beat consensus estimates on both the top and bottom lines, but the general dissatisfaction with the Chinese government’s recent moves to rein in public companies is a high hurdle to leap over. We have already previewed five firms reporting after markets close Monday or before they open Tuesday morning:… Continue reading Earnings Previews: Heico, Intuit, Nordstrom

Foot Locker shares soar on huge earnings beat, retailer optimistic about second half of the year

Foot Locker shares soared Friday after the company crushed fiscal second-quarter earnings estimates and voiced optimism about the back half of the year. Consumers have continued to spend on athletic footwear and workout apparel during the Covid pandemic, with these segments outperforming others. CEO Richard Johnson said the company saw strong demand in its women's… Continue reading Foot Locker shares soar on huge earnings beat, retailer optimistic about second half of the year

Earnings Previews: Bath & Body Works, Cisco, Nvidia, Robinhood

After markets closed Monday, Roblox and Tencent Music reported results that were less than hoped for. In Tencent Music’s case, much less. Home Depot, Sea and Walmart reported results Tuesday morning that were disappointing, encouraging, and just okay, respectively. We have already previewed four reports set for release first thing Wednesday morning: Analog Devices, Lowe’s,… Continue reading Earnings Previews: Bath & Body Works, Cisco, Nvidia, Robinhood

With retail earnings in focus, Oppenheimer analyst names favorite play in the space

Retail is in full focus this week. In earnings reports Tuesday morning, Walmart and Home Depot beat estimates. Major players such as Target, Kohl's, Macy's and Foot Locker will release results in coming days. July retail sales are also out Tuesday. All that data should reveal whether pent-up demand from the consumer was enough to… Continue reading With retail earnings in focus, Oppenheimer analyst names favorite play in the space

One level in Airbnb stock could be next breakout point once earnings come out, Miller Tabak says

Airbnb is set to report earnings after the bell in a release that will give insight into how the coronavirus delta variant spread has impacted travel demand. The stock rallied into the report, despite the uncertainty though. The shares were up nearly 2% in Thursday's session. Matt Maley, chief market strategist at Miller Tabak, said… Continue reading One level in Airbnb stock could be next breakout point once earnings come out, Miller Tabak says

Southwest Airlines expects the Delta variant to crimp demand.

Southwest Airlines no longer expects to turn a profit in the third quarter as a recent rise in coronavirus cases slows sales and drives an increase in cancellations. In a securities filing on Wednesday, the company forecast revenue for the three months that end in September to be down 15 to 20 percent compared with… Continue reading Southwest Airlines expects the Delta variant to crimp demand.

General Motors Q2 Profit Beats Estimates, Sees FY21 Profit Below Market; Stock Down

General Motors Co. (GM) said its second-quarter results were better than originally expected due to strong pricing and demand, record GM Financial results and improved near-term production from the pull forward of semiconductors from the third quarter. Based on first-half performance and expectations for the rest of the year, the company increased its full-year guidance.… Continue reading General Motors Q2 Profit Beats Estimates, Sees FY21 Profit Below Market; Stock Down

Singapore's largest bank reports 37% on-year jump in second-quarter profit, beats expectations

DBS Group Holdings, the largest bank in Singapore and Southeast Asia, said its net profit for the second quarter jumped 37% from a year ago to 1.7 billion Singapore dollars ($1.26 billion). That beat an average forecast of 1.42 billion Singapore dollars, according to analyst estimates on Refinitiv. A day before DBS released second-quarter earnings,… Continue reading Singapore's largest bank reports 37% on-year jump in second-quarter profit, beats expectations

Earnings Previews: Clean Energy, Fisker, Plug Power, Virgin Galactic

Earnings reports released Wednesday morning were again overwhelmingly positive, with the vast majority of companies reporting profits that beat consensus estimates. An Australian bank noted Tuesday that nearly 90% of S&P 500 companies have reported positive June-quarter earnings surprises so far. After markets close on Wednesday, five firms we covered in an earlier preview (Electronic… Continue reading Earnings Previews: Clean Energy, Fisker, Plug Power, Virgin Galactic

Indian shares hit record highs as investors focus on earnings and interest rate decision

Indian shares hit a record high on Wednesday as investors remained upbeat in the middle of corporate earnings season and ahead of the central bank's policy meeting. The Nifty 50 index rose 0.79% to 16,258.05, led by gains in financial services and metals sub-indexes which were up 2.44% and 0.45%, respectively. The Reserve Bank of… Continue reading Indian shares hit record highs as investors focus on earnings and interest rate decision

Amazon beats on earnings, falls short on sales estimates

Investors watching Amazon earnings to see if tech giant hits 20 percent revenue growth: Market expert Evercore ISI senior managing director Mark Mahaney on his outlook for Big Tech earnings and price targets. Amazon beat investors' expectations on earnings per share but came up short on Wall Street's revenue estimates in its earnings report released… Continue reading Amazon beats on earnings, falls short on sales estimates

Earnings Previews: Boeing, McDonald’s, Pfizer, Tilray

The five largest U.S. traded companies report June-quarter earnings this week, beginning Monday evening with Tesla. We previewed expectations for GE, Raytheon, Tesla, 3M and UPS last Friday and will be covering the others, along with several more, over the next few days. After markets close Tuesday, Apple, Starbucks and Visa report quarterly results. The… Continue reading Earnings Previews: Boeing, McDonald’s, Pfizer, Tilray

Earnings Previews: Lockheed Martin, Otis Worldwide and More

Another week of June-quarter earnings results wraps up Friday morning, when we hear from American Express, Honeywell and Schlumberger. Again on Thursday morning, results generally exceeded prior estimates. On Wednesday, we also previewed three companies that are announcing results after markets close Thursday: Intel, Snap and Twitter. No earnings reports are due out Friday afternoon,… Continue reading Earnings Previews: Lockheed Martin, Otis Worldwide and More

Earnings season starts with sky-high stock prices and soaring expectations

Earnings season begins with two major tailwinds: sky-high prices and soaring expectations.  On paper, second-quarter earnings season looks like the mother of all earnings reports, with estimates having risen steadily for the past six months, from expected 45% growth in January to 65% growth today compared with the same period last year. It's the strongest rate… Continue reading Earnings season starts with sky-high stock prices and soaring expectations

Ford says second quarter earnings will 'surpass expectations'

Ford on Thursday said its adjusted pretax earnings for the second quarter will "surpass its expectations" and be significantly better than a year ago. The company said net income for the second quarter is expected to be substantially lower than a year ago due to gains from an investment in self-driving firm Argo AI. In… Continue reading Ford says second quarter earnings will 'surpass expectations'

GameStop earnings, Colonial Pipeline hearing and inflation data top week ahead

Larry Kudlow: ‘Do not underestimate the V-shaped recovery’ ‘Kudlow’ host breaks down the May jobs report and analyzes the labor market Investors will begin the week with U.S. stocks just shy of record highs and the 10-year Treasury yield below 1.57%, a one-month low. Key inflation data due later in the week will be closely… Continue reading GameStop earnings, Colonial Pipeline hearing and inflation data top week ahead

Earnings Hits and Misses: Ambarella, HP Enterprise, Zoom Video

With about a month left in the current earnings season, the number of reports issued every day has dropped from a few hundred to a few dozen. After markets close Wednesday and before they open Thursday, we are expecting quarterly results from Ciena, Express, NetApp and Splunk. Here’s our preview of those reports. Here is… Continue reading Earnings Hits and Misses: Ambarella, HP Enterprise, Zoom Video

Roblox, Bumble and Coinbase report in a buzzy week for earnings — here's what to watch

It's time to shine for some of the newest entrants to the public markets. Companies that have had recent market debuts, including Bumble, Coinbase and Poshmark, are set to report earnings this week. CNBC's "Trading Nation" asked two traders which they're watching most closely. "I have my eye on Roblox because Roblox is essentially crack… Continue reading Roblox, Bumble and Coinbase report in a buzzy week for earnings — here's what to watch

Earnings Preview: AmBev, Norwegian Cruise Lines, Uber, ViacomCBS, Zynga

More than 1,500 publicly traded companies are scheduled to report March quarter earnings this week with heavy representation from energy exploration and production companies. Other top brands like Google, Ferrari, Pfizer and T-Mobile are on deck as well. Looking at companies reporting earnings following Tuesday’s closing bell, we have previewed Activision, Devon Energy, Lyft, and… Continue reading Earnings Preview: AmBev, Norwegian Cruise Lines, Uber, ViacomCBS, Zynga

Earnings Preview: Barrick, Exelon, GM, SunPower, Stratasys

More than 1,500 publicly traded companies are scheduled to report March quarter earnings this week with heavy representation from energy exploration and production companies. Other top brands like Google, Ferrari, Pfizer, and T-Mobile are on deck as well. Looking at companies reporting earnings following Monday’s closing bell and before markets open again Tuesday morning, we… Continue reading Earnings Preview: Barrick, Exelon, GM, SunPower, Stratasys

Crocs shares soar as shoe maker raises 2021 sales outlook, sees growth of 40% to 50%

Crocs reported record first-quarter sales and raised its sales outlook for the full year. CEO Andrew Rees said demand for the Crocs brand is "stronger than ever" across the world. Some have called Crocs the "it" shoe of the pandemic, as consumers have been seeking comfort at home. But celebrities like Justin Bieber have also… Continue reading Crocs shares soar as shoe maker raises 2021 sales outlook, sees growth of 40% to 50%