Toplines Before US Market Open on Tuesday

Tiger Newspress2021-04-27

Stock futures traded slightly higher Tuesday morning, with investors awaiting more corporate earnings results from major companies.

S&P 500 futures 4,184.75, up 5.25 points or 0.13%;Dow futures 33,882.00, up 4 points or 0.01%;Nasdaq futures 14,039.00, up 27.5 points or 0.20%

*Source From Tiger Trade, EST 08:16

The Federal Reserve kicks off its two-day April policy meeting Tuesday. The central bank is not expected to take any action, but economists expect it to defend its willingness to let inflation run hot, even as commodities such ascornandcopperhit multiyear highs. Both corn and copper have nearly doubled in the past 12 months.

Take a look at some of the biggest movers in the premarket:

United Parcel Service(UPS) – UPSearned $2.77 per sharefor the first quarter, compared to a consensus estimate of $1.72 a share. Revenue also came in above Wall Street forecasts. Results for the delivery service were driven by a more than 14% increase in volume from a year earlier, with small- and medium-sized businesses contributing significantly to that increase. The stock surged 6.9% in premarket trading.

Crocs(CROX) – The shoe company’s shares surged 7.3% in the premarket after beating top and bottom line estimates by a wide margin. The company also said it sees 2021 revenue growth between 40% to 50%.

Eli Lilly(LLY) – The drugmaker’s shares tumbled 3.5% in the premarket after the companyfell short of the $2.14 a share consensus estimate, with quarterly profit of $1.87 per share. Revenue missed forecasts as well, and Lilly lowered its full-year forecast. The company took various asset impairment charges during the quarter, as well as incurring costs related to its acquisition of Prevail Therapeutics.

General Electric(GE) – GE reported quarterly profit of 3 cents per share, compared to the 1 cent a share consensus estimate. Revenue came in short of expectations, but free cash flow was better than analysts had been anticipating. GE shares fell 2.7% in premarket action.

Hasbro(HAS) – Hasbro rose 2% in the premarket after the toymakerbeat the 65 cents a share consensus estimate, with quarterly earnings of $1.00 per share. Revenue came in shy of estimates, however, as TV and movie productions related to its toys were delayed by the pandemic.

3M(MMM) – 3M reported quarterly profit of $2.77 per share, beating the consensus of $2.29 a share. Revenue also topped estimates as the pandemic continued to drive demand for personal safety products.

JetBlue(JBLU) – The airline’s shares added 1.7% in premarket action after it reported a quarterly loss of $1.48 per share, compared to an expected loss of $1.69 a share. Revenue beat Wall Street forecasts, and JetBlue echoed comments by other airlines in saying it is seeing a rebound in passenger demand.

Tesla(TSLA) – Tesla lost 2.3% in premarket trading after itreported quarterly profit of 93 cents per share, 14 cents a share above forecasts. Revenue also topped estimates, boosted by sales of environmental credits as well as liquidation of some of the automaker’s bitcoin holdings.

GameStop(GME) – GameStop saidit had completed the sale of 3.5 million shares, with the video game retailer generating proceeds of about $551 million before transaction costs. GameStop soared 10.1% in premarket trading.

BP(BP) – BP’sprofit more than tripledfrom a year ago during the first quarter, helped by higher oil prices and a surge in natural gas trading. The stock gained 1.2% in premarket action.

UBS(UBS) – UBSreported better-than-expected earningsfor the first quarter, but the Switzerland-based bank surprised analysts by revealing a $774 million loss related to the collapse of U.S. investment fund Archegos. The stock fell 2.5% in the premarket.

Lyft(LYFT) – Lyft gained 2.3% in premarket trade after announcing that it is selling its self-driving technology unit toToyota(TM) for $550 million. The ride-hailing company said the sale will allow it to become profitable sooner than it had previously projected.

Polaris(PII) – Polaris reported quarterly profit of $2.30 per share, beating the $1.61 a share consensus estimate. The recreational vehicle maker’s revenue beat forecasts as well. Polaris also projected better-than-expected full-year profit, saying it expected strong retail demand to continue. Its stock fell 4.6% in premarket trading.

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精彩评论

  • enghaw
    2021-04-28
    enghaw
      Bn.   M 
  • HareshM
    2021-04-28
    HareshM
    Comment
  • khow
    2021-04-28
    khow
    Happy trading, all!
  • CatFished
    2021-04-27
    CatFished
    Forecast and results are all coming in. Better than expected? Mostly. But whether will the share price rise? Maybe not. Prices are always a forecast of what a company will be, what buyers see in the long term. It is hardly something an earning report can swing as information today flow swiftly. 
  • fwpang
    2021-04-27
    fwpang
    Latest toplines.Comment and like. 
  • MamaA
    2021-04-27
    MamaA
    [Strong] 
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