📈 Stock Market Today: Futures higher after yesterday's big rebound
Here's what is happening in the markets today, Wednesday, July 21st:
- Earnings still in the spotlight this week. According to FactSet, about 85% of the S&P companies that have reported earnings have beaten estimates.
- Netflix (NFLX) down slightly in pre-market trading after earnings miss. Reported $2.97EPS vs. $3.16 est. Rev and membership growth beat forecasts.
- Coca-Cola (KO) up 2.0% pre-market after an earnings beat helped out by venues reopening like stadiums and theaters. Rev beat and raised full-year forecast.
- Verizon (VZ) up 1.0%+ pre-market after an earnings beat. $1.37EPS vs. $1.30 est. and better revenue and subscriber growth. Also raised full-year outlook.
- Johnson & Johnson (JNJ) up 1.0% pre-market after better than expected earnings. $2.48EPS vs $2.27 est. with better revenue and raised outlook after strong drug and medical device sales. But concerns mount over its effectiveness against the delta variant after a NYU study suggests that people who got the J&J vaccine get a second shot of it or a booster of the Pfizer or Moderna vaccines.
- Harley-Davidson (HOG) up 2.5% pre-market after reporting $1.33EPS vs. $1.17 est. But rev was short of expectations.
- Chipotle (CMG) up 4.5% pre-market after reporting $7.46EPS vs. $6.52 est. Rev was slightly better but overall nice earnings with indoor dining rebounding.
- United (UAL) up 1.0% pre-market after reporting losses in-line with expectations (-$3.91 loss per share). Rev did beat forecast and was up 4x from previous year. However, sales still down 50% from 2019 levels.
- Netflix (NFLX) down slightly in pre-market trading after earnings miss. Reported $2.97EPS vs. $3.16 est. Rev and membership growth beat forecasts.
- Coca-Cola (KO) up 2.0% pre-market after an earnings beat helped out by venues reopening like stadiums and theaters. Rev beat and raised full-year forecast.
- Verizon (VZ) up 1.0%+ pre-market after an earnings beat. $1.37EPS vs. $1.30 est. and better revenue and subscriber growth. Also raised full-year outlook.
- Johnson & Johnson (JNJ) up 1.0% pre-market after better than expected earnings. $2.48EPS vs $2.27 est. with better revenue and raised outlook after strong drug and medical device sales. But concerns mount over its effectiveness against the delta variant after a NYU study suggests that people who got the J&J vaccine get a second shot of it or a booster of the Pfizer or Moderna vaccines.
- Harley-Davidson (HOG) up 2.5% pre-market after reporting $1.33EPS vs. $1.17 est. But rev was short of expectations.
- Chipotle (CMG) up 4.5% pre-market after reporting $7.46EPS vs. $6.52 est. Rev was slightly better but overall nice earnings with indoor dining rebounding.
- United (UAL) up 1.0% pre-market after reporting losses in-line with expectations (-$3.91 loss per share). Rev did beat forecast and was up 4x from previous year. However, sales still down 50% from 2019 levels.