We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
U.S. Stock Futures Mixed, Heads for a Winning Week
Read MoreHide Full Article
Wall Street is headed for a winning week in which the S&P 500 has recorded a new all-time high. The Department of Commerce reported that retail sales decreased 0.6% in July. The Zacks Consensus Estimate was for a breakeven. The metric for June was 0.2%.
However, retail sales increased 5% annually in July. Retail sales (excluding auto) decreased 0.3% last month. The Zacks Consensus Estimate was for an increase of 0.1%. The metric for June decreased 0.2%.
Earnings News: AMAT, NKTR, STNE
Applied Materials Inc. (AMAT - Free Report) came up with quarterly adjusted earnings of $3.5 per share, beating the Zacks Consensus Estimate of $3.38 per share. This compares to earnings of $2.48 per share a year ago. The leading supplier of equipment used in semiconductor and solar photovoltaic products posted quarterly revenues of $9.12 billion, surpassing the Zacks Consensus Estimate by 1.31%. For a detailed analysis of AMAT’s earnings, click here
Nektar Therapeutics (NKTR - Free Report) came up with a quarterly adjusted loss of $1.23 per share, narrower than the Zacks Consensus Estimate of a loss of $2.06 per share. This compares to a loss of $2.78 per share a year ago. The biotechnology firm registered quarterly revenues of $10.13 million, missing the Zacks Consensus Estimate by 6.15%. For a detailed discussion on NKTR’s earnings, click here.
StoneCo Ltd. (STNE - Free Report) reported quarterly adjusted earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.39 per share a year ago. The provider of end-to-end cloud-based technology platform posted quarterly revenues of $709.88 million, missing the Zacks Consensus Estimate by 2.91%. To get more information on STNE earnings, click here.
After Market Economic Data
After the closing bell today, the University of Michigan will report preliminary reading of the U.S. Consumer Sentiment Index for August. The final reading of the July index was 55.2, marking a sharp rise from 49.5 in June. In addition to the subindex for current economic conditions and the subindex for consumer expectations, market participants will closely monitor the short-term 1-year inflation index and the long-term 5-year inflation index.
Moreover, the U.S. Census Bureau will announce manufacturing and trade inventories and sales – popularly known as the Business Inventories data – for June.
View the Zacks #1 Rank List
Image: Bigstock
U.S. Stock Futures Mixed, Heads for a Winning Week
Wall Street is headed for a winning week in which the S&P 500 has recorded a new all-time high. The Department of Commerce reported that retail sales decreased 0.6% in July. The Zacks Consensus Estimate was for a breakeven. The metric for June was 0.2%.
However, retail sales increased 5% annually in July. Retail sales (excluding auto) decreased 0.3% last month. The Zacks Consensus Estimate was for an increase of 0.1%. The metric for June decreased 0.2%.
Earnings News: AMAT, NKTR, STNE
Applied Materials Inc. (AMAT - Free Report) came up with quarterly adjusted earnings of $3.5 per share, beating the Zacks Consensus Estimate of $3.38 per share. This compares to earnings of $2.48 per share a year ago. The leading supplier of equipment used in semiconductor and solar photovoltaic products posted quarterly revenues of $9.12 billion, surpassing the Zacks Consensus Estimate by 1.31%. For a detailed analysis of AMAT’s earnings, click here
Nektar Therapeutics (NKTR - Free Report) came up with a quarterly adjusted loss of $1.23 per share, narrower than the Zacks Consensus Estimate of a loss of $2.06 per share. This compares to a loss of $2.78 per share a year ago. The biotechnology firm registered quarterly revenues of $10.13 million, missing the Zacks Consensus Estimate by 6.15%. For a detailed discussion on NKTR’s earnings, click here.
StoneCo Ltd. (STNE - Free Report) reported quarterly adjusted earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.39 per share a year ago. The provider of end-to-end cloud-based technology platform posted quarterly revenues of $709.88 million, missing the Zacks Consensus Estimate by 2.91%. To get more information on STNE earnings, click here.
After Market Economic Data
After the closing bell today, the University of Michigan will report preliminary reading of the U.S. Consumer Sentiment Index for August. The final reading of the July index was 55.2, marking a sharp rise from 49.5 in June. In addition to the subindex for current economic conditions and the subindex for consumer expectations, market participants will closely monitor the short-term 1-year inflation index and the long-term 5-year inflation index.
Moreover, the U.S. Census Bureau will announce manufacturing and trade inventories and sales – popularly known as the Business Inventories data – for June.