$ATGE

Adtalem Global Education Inc

  • NEW YORK STOCK EXCHANGE INC.
  • Consumer Services
  • Other Consumer Services
  • Educational Services
  • Colleges, Universities, and Professional Schools

PRICE

$32.62 -

Extented Hours

VOLUME

244,095

DAY RANGE

31.52 - 32.64

52 WEEK

19.14 - 40.23

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Friday, August 20, 2021 Futures Up/Down % Last Dow -121.00 0.35% 34,697 S&P 500 -16.25 0.36% 4,385 Nasdaq -28.50 0.19% 14,899 Global stock markets are lower again as investors grapple with the spread of the highly contagious COVID-19 delta variant, the impact of the virus on growth and China’s continued crackdown on its technology sector. All eyes on next week’s Federal Reserve’s Jackson Hole symposium where comments on inflation, bond asset purchase tapering will be closely watched. The dollar rose for a fifth day, while Treasury yields continued a slide. Oil prices are currently lower, on track for a 7-day losing streak (longest decline wince 2019) while the U.S. dollar is set for its biggest weekly gain since June (weighing again on commodity prices), currently up at 9 ½ month highs around 93.65 for the dollar index (DXY) with Sept 2020 highs around 94.74. In vaccine news, the Washington Post reported that U.S. health officials are investigating reports that Moderna Inc’s ($MRNA) COVID-19 vaccine may be linked to a higher risk of a rare heart condition in younger adults than previously thought, sending shares lower. In Asian markets, more regulatory concerns/measures crippling stocks as the Nikkei Index slides -267 points (about 1%) to settle at 27,013, the Shanghai Index fell -38 points or 1.1% to close at 3,427 and the Hang Seng Index plunged -466 points or 1.84% to end the week at 24,849. In Europe, the German DAX is down around -70 points (-0.45%) to drop below 15,700, while the FTSE 100 slip about -10 points to 7,045. Stocks finished a choppy Thursday session mixed on concerns the Federal Reserve could begin tapering stimulus this year, even as surging coronavirus infections caused by the delta variant raised worries about the pace of the U.S. recovery. In the bond market, the 10-year Treasury yield at 1.23%. The Russell 2000 SmallCap index pointing to a lower open, entering today with a 6-day losing streak. Market Closing Prices Yesterday The S&P 500 Index climbed 5.53 points, or 0.13%, to 4,405.80 The Dow Jones Industrial Average fell -66.57 points, or 0.19%, to 34,894.12 The Nasdaq Composite gained 15.87 points, or 0.11%, to 14,541.79 The Russell 2000 Index declined -26.36 points, or 1.22% to 2,132.42 Events Calendar for Today 1:00 PM EST Baker Hughes Weekly rig count data Earnings Calendar: Earnings Before the Open: BKE, DE, FL Macro Up/Down Last Nymex -0.47 63.22 Brent -0.48 65.97 Gold 3.70 1,784.10 EUR/USD 0.0006 1.1681 JPY/USD -0.12 109.62 10-Year Note +0.01 1.233% World News Germany July PPI +1.9% MoM vs. +0.8% consensus and rose +10.4% YoY vs. 9.2% consensus UK Jul Retail Sales miss falling -2.5% MoM vs 0.4% consensus and rose +2.4% YoY vs 6.0% consensus; core m/m fell -2.4% vs 0.3% consensus and on a YoY basis, rose +1.8% vs 5.7% consensus Consumer confidence in the U.K. edged down in August but remained at pre-pandemic levels, market-research company GfK said Friday. GfK’s consumer-confidence indicator came in at minus 8 in August, down one point from July vs, forecast an unchanged reading at minus 7. Sector News Breakdown Consumer Farfetch Limited ($FTCH) Q2 EPS loss (-$0.17) vs. est. loss (-$0.33); Q2 revs $523.3M vs. est. $496.8M; Q2 Gross Merchandise Value exceeds $1 billion, up 40% YoY and more than double compared to Q2 2019; full-price sales growth of 90% drives Q2 2021 Digital Platform GMV; Q2 2021 gross profit margin improves by 30 bps year-over-year to 44% Ross Stores ($ROST) 2Q EPS $1.39 vs est. $0.98 on sales $4.8B vs est. $4.5B, comps +15%; sees 3Q comps +5-7% with EPS $0.61-0.69 vs est. $0.93; guides FY EPS $4.20-4.38 vs est. $4.40 on comps +10-11% Macy’s ($M) upgraded to Neutral from Underweight with $25 tgt at JPMorgan Adtalem Global Education Inc. ($ATGE) 4Q adj EPS $0.70 on revs $280.4Mm vs est. $283.4Mm; guides FY22 revs $1.685-1.735B vs est. $1.2B, sees FY22 adj EPS $4.20-4.45 vs est. $3.30 Major League Baseball and the Major League Baseball Players Association have struck new exclusive baseball card agreements with a new company controlled by online sports-merchandise retailer Fanatics Inc., breaking the decades-long grip that Topps Co. ($MUDS) has held on the trading-card market, people familiar with the matter said. https://on.mktw.net/3AX9qSN Tesla ($TSLA) CEO Elon Musk said the electric-vehicle company plans to adapt the artificial intelligence technology it has been developing for autonomous driving to make humanoid robots Energy, Industrials & Materials Deere ($DE) Q3 EPS $5.32 vs. est. $4.58; Q3 revs $11.52B vs. est. $10.3B; full-year earnings forecast raised to range of $5.7B-$5.9B vs. prior guidance of $5.3B-$5.7B; says looking ahead, we expect demand for farm and construction equipment to continue benefiting from favorable fundamentals; sees 2021 production & precision ag net sales up 25 to 30%, 2021 small ag & turf net sales up about 25% Financials Coinbase ($COIN) CEO Brian Armstrong tweeted: “We recently received board approval to purchase over $500M of crypto on our balance sheet to add to our existing holdings. And we’ll be investing 10% of all profit going forward in crypto. I expect this percentage to keep growing over time as the crypto-economy matures. Cboe Global Markets ($CBOE) increases dividend 14% to 48c per share LPL Financial LLC ($LPLA) July total advisory and brokerage assets at the end of July were approximately $1.13 trillion, an increase of $17.6B, or 1.6%, compared to the end of June 2021; total net new assets for July were $10.0B, translating to an 11.5% annualized growth rate The Charles Schwab Corporation ($SCHW) said it is implementing a special five percent pay increase for employees “in recognition of their unwavering service to clients and each other throughout the pandemic Healthcare S. health officials are investigating reports that Moderna Inc’s (MRNA) COVID-19 vaccine may be linked to a higher risk of a rare heart condition in younger adults than previously thought, the Washington Post reported late on Thursday https://reut.rs/3z3wKxP AstraZeneca PLC ($AZN) said Friday it would seek regulatory approval for an antibody drug after a study showed strong efficacy in preventing symptomatic Covid-19, offering a potential new alternative to vaccines for people who refuse shots or for whom they aren’t effective. The company said AZD7442 showed 77% efficacy in reducing risk of symptomatic Covid-19 compared with a placebo in late-stage clinical trials testing its usefulness as a preventive treatment Johnson & Johnson ($JNJ) said that Joaquin Duato, vice chairman of the company’s executive committee, will become CEO on Jan. 3, with Chairman and Chief Executive Alex Gorsky transitioning to executive chairman. Gorsky has served as the company’s chairman and CEO for nearly a decade, and has been with Johnson & Johnson for 30 years. “ Fate Therapeutics ($FATE) announces positive interim clinical data from its FT596 and FT516 off-the-shelf, IPSC-derived NK cell programs for b-cell lymphoma; 10 of 14 Patients in FT596 single-dose escalation cohorts 2 and 3 achieved objective response; 7 patients achieved complete response, including 2 of 3 patients treated with FT596 in combination with Rituximab following autologous CD19 CAR T-cell therapy Sorrento ($SRNE) announces its lead protein-based covid-19 vaccine candidate – dyai-100 – elicits strong neutralizing immune responses in vaccinated animals against sars-cov-2 and multiple major variants of concern Technology, Media & Telecom Applied Materials ($AMAT) 3Q adj EPS $1.90 vs est. $1.77 on revs $6.2B vs est. $5.94B; guides 4Q net sales approx $6.33B +/- $250Mm vs est. $6.04B, sees 4Q adj EPS $1.87-2.01 vs est. $1.81 Adobe Systems ($ADBE) to acquire Io in a transaction, valued at $1.275B Spotify Technology ($SPOT) has authorized to repurchase 10M company’s ordinary shares, up to the amount of $1B Marin Software ($MRIN) enters $50M equity distribution agreement S. listed China shares active amid yet more regulatory pressure headlines; the country approved a strict data privacy law, triggering fresh concerns over the intensity of Beijing’s recent regulatory crackdowns. The Personal Information Protection Law was passed at a meeting in Beijing of the nation’s top legislative body, the Standing Committee of the National People’s Congress. Apple ($AAPL) delays office return to at least January on Covid rise, while IBM closes New York City offices amid rising covid-19 cases A new round of proposed regulations sent Alibaba Group Holding Ltd. ’s ($BABA)S. listing to decline 4.9% on Tuesday to $173.73, its lowest close since October 2019. The Chinese tech company’s American depository receipts have fallen more than 25% so far this year. New draft guidelines released Tuesday by China’s top market regulator aim to prevent internet companies from adopting forced exclusivity and blocking competitors’ links and apps

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Thursday, August 19, 2021 Futures Up/Down % Last Dow -275.00 0.79% 34,612 S&P 500 -31.25 0.72% 4,362 Nasdaq -86.50 0.58% 14,763 U.S. futures are looking sharply lower, adding to yesterday’s late day slide and tracking weakness in Europe and Asia as noise gets louder that the central bank could start dialing back on pandemic stimulus programs. Stock markets tumbled late Wednesday, closing at the lows after minutes from the July meeting of the FOMC showed a move to pare $80B per month in Treasuries and $40B per month of mortgage securities could happen this year. While there’s still debate regarding the timing and pace, officials said tapering would not necessarily mean an imminent rate increase. European stocks slumped the most in a month as well following the U.S. move. Other factors hitting stocks include China slowing growth fears as the delta variant continues to disrupt global growth. Those fears aren’t helped by a study from the U.K. that showed coronavirus vaccines are less effective against the delta variant and calls from the Biden Administration for a third booster shot. While the next meeting of the FOMC will occur on September 21-22, Fed Chair Jay Powell is scheduled to speak at Jackson Hole next week. Treasuries bounce with yields slipping as the dollar hits its highest levels in about 4-months. Oil prices are falling for a 6th straight day, with WTI crude down over 3%, dropping to around $63 per barrel for WTI as investors remain worried about the outlook for fuel demand as COVID-19 cases surge worldwide Fed officials continue to call for a “taper” sooner. Yesterday St. Louis Fed President James Bullard said he preferred tapering to end by the first quarter of 2022, with the last three months of next year being a “logical place” for a rate increase. Several other Fed officials, including Robert Kaplan of Dallas and Esther George of Kansas City, have urged the central bank to begin removing stimulus as soon as the September meeting in recent days. Fed Chair Jerome Powell may also provide information in remarks to the central bank’s annual research conference in Jackson Hole, Wyoming, next week. In Asian markets, The Nikkei Index fell -304 points (1.1%) to settle at 27,291, the Shanghai Index fell -19 points to 3,465 and the Hang Seng Index declined -550 points (or 2.1%) to settle at 25,316. In Europe, the German DAX is down over -275 points (1.75%) to 15,685, while the FTSE 100 tumbles -145 points (or over 2%) to trade 7,025. Market Closing Prices Yesterday The S&P 500 Index dropped -47.81 points, or 1.07%, to 4,400.27 The Dow Jones Industrial Average fell -382.59 points, or 1.08%, to 34,960.69 The Nasdaq Composite slumped -130.27 points, or 0.89%, to 14,525.91 The Russell 2000 Index declined -18.39 points, or 0.84% to 2,158.78 Events Calendar for Today 8:30 AM ET Weekly Jobless Claims…est. 363K 8:30 AM EST Continuing Claims…est. 2.80M 8:30 AM ET Philly Fed Survey for Aug…est. 23.0 10:00 AM ET Leading Index MoM for July…est. 0.8% 10:30 AM ET Weekly EIA Natural Gas Inventory Data Earnings Calendar: Earnings Before the Open: BJ, EL, KSS, LYTS, M, MSGS, PFGC, TPR, $WOOF Earnings After the Close: $AMAT, ATGE, BLND, LFVN, $ROST Other Key Events: B Riley Summer Summit, 8/18-8/19 Citigroup Midstream and Energy Infrastructure Conference (virtual), 8/18-8/19 Jefferies Back-to-School Bus Tour, 8/18-8/19 Macro Up/Down Last Nymex -2.26 63.20 Brent -2.08 66.15 Gold 1.50 1,789.35 EUR/USD -0.002 1.1691 JPY/USD -0.07 109.70 10-Year Note -0.048 1.225% Sector News Breakdown Consumer Bath & Body Works ($BBWI) 2Q EPS $1.34 vs est. $0.81 on sales $1.704B vs est. $1.666B; guides 3Q adj EPS $0.55-0.60 vs est. $0.56 Red Robin Gourmet ($RRGB) 2Q adj EPS ($0.22) vs est. $0.00 on revs $277Mm vs est. $275.3Mm, restaurant comps +66.3% over the same period in 2020, and decreased 2.4% compared to the same period in 2019; average weekly sales per fiscal period grew by a total of $2,503 during the second quarter of 2021 SpartanNash ($SPTN) Q2 adj EPS $0.54 vs. est. $0.48; Q2 sales $2.11B vs. est. $2.08B; Q2 adjusted EBITDA was $54.4 million, compared to $59.2 million in the prior year quarter; Q2 retail comparable store sales declined 2.7% and comparable store sales increased by 12.1% on a two-year basis; increased the low end of the fiscal 2021 profitability outlook range Victoria Secrets ($VSCO) 2Q adj EPS ($0.97) vs est. $1.59 on sales $1.614B vs est. $1.518B, total comps +5% vs 2Q19, comparable store sales -3% vs 2Q19; direct channel sales $468.8Mm -24% YoY and +26% vs 2019; guides 3Q EPS $0.60-0.70 vs est. $0.93, sees 3Q sales +mid-to-high-single digits YoY John B. Sanfilippo & Son, Inc. (JBSS) 4Q EPS $1.07 vs est. $1.15 on sales $206.7Mm vs est. $198.2Mm Ford ($F) will halt production at U.S. truck plant on Aug. 23 for 1 week over chip shortage, will temporarily shutter its Kansas City assembly plant that builds its best-selling F-150 pickup truck due to a semiconductor-related part shortage as a result of the COVID-19 pandemic in Malaysia Tesla ($TSLA) will be conducting its artificial intelligence day on Thursday. The electric vehicle company likely will showcase, among other things, the company’s advances in self-driving capabilities Energy, Industrials and Materials Crude prices fell for a fifth day on Wednesday, as investors remain worried about the outlook for fuel demand as COVID-19 cases surge worldwide just as more supply reaches the market from large global producers, including the United States. Brent crude ended down 80 cents, or 1.2%, at $68.23 a barrel. The global benchmark has lost 11% in the last 13 trading days dating to the end of July. U.S. crude futures settled down $1.13, or 1.7%, to $65.46 a barrel. Financials Robinhood ($HOOD) Q2 EPS loss ($2.16) vs. est. loss (-$0.15); Q2 revs $565.33M vs. est. $521.84M; Q2 monthly active users increased 109% to 21.3M, compared with 10.2M YoY; assets under custody increased 205% to $102B in Q2, compared with $33B in the second quarter of 2020; sees 3q seasonal headwinds, lower trading activity across industry, resulting in lower rev; SEC staff informed co on August 13, 2021 that they are reviewing resale S-1 – said no sales can be made off resale S-1 until sec staff completes their review and declares it effective DLocal Ltd. ($DLO) 2Q EPS $0.06 vs est. $0.05 on revs $59Mm vs est. $40.5Mm, payment volume $1.5B +319% Healthcare Coherus Biosciences ($CHRS) and Junshi Biosciences announced positive interim results from phase III trials on its non-small cell lung cancer treatment Toripalimab Paratek Pharmaceuticals ($PRTK) announces FDA orphan drug designation for Nuzyra® (omadacycline) for the treatment of infections caused by nontuberculous mycobacteria Technology, Media & Telecom Cisco Systems ($CSCO) Q4 Non-Gaap EPS $0.84 vs. est. $0.82; Q4 revs $13.1B vs. est. $13.03B; sees Q1 EPS $0.66-$0.66 and rev growth 7.5%-9.5% YoY; sees FY 2022 adj eps $3.38 to $3.45, vs. est. $3.41 Nvidia ($NVDA) Q2 Non-GAAP EPS $1.04 vs. est. $1.01; Q2 revs $6.51B vs. est. $6.33B; Q2 data center revenue $2.37B (up 35% YoY) vs. est. $2.28B; Q2 gaming revenue $3.06B (up 85% YoY and 11% QoQ) vs. est. $2.96B; Q2 automotive revenue $152M vs. est. $167.5M; sees Q3 revs $6.80B plus/minus 2% vs. est. $6.54B Keysight Technologies ($KEYS) Q3 EPS $1.54 vs. est. $1.44; Q3 revs $1.25B vs. est. $1.22B; sees Q4 EPS $1.59-$1.65 vs. est. $1.59; sees Q4 revs $1.25B-$1.27B vs. est. $1.26B; Q3 Orders grew 23% to reach $1.31 billion, compared with $1.07 billion last year Synopsys Inc. ($SNPS) 3Q adj EPS $1.81 vs est. $1.78 on revs $1.057B vs est. $1.05B; guides 4Q revs $1.138-1.168B vs est. $1.036B, sees adj EPS $1.75-1.80 vs est. $1.49; guides FY revs $4.19-4.22B vs est. $4.08B, sees FY adj EPS $6.78-6.83 up from prior $6.38-$6.45 vs est. $6.48 Workday ($WDAY) announced it has achieved ready status for the Federal Risk and Authorization Management Program, or FedRAMP, at a moderate impact level. Trimble Inc. ($TRMB) board approved a new share repurchase program authorizing up to $750 mln in repurchases

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$ATGE 29C Nov

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that ATGE I posted yesterday had an alright day

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$ATGE 21AUG20 $35 Cs // 900+ trading vs 10 OI // breakout candidate in education space

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$ATGE 21AUG20 $35 Cs // 900+ trading vs 10 Oi

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Key Metrics

Market Cap

1.43 B

Beta

0.58

Avg. Volume

441.26 K

Shares Outstanding

45.14 M

Yield

0%

Public Float

0

Next Earnings Date

2022-08-18

Next Dividend Date

Company Information

Adtalem Global Education Inc. is a leading global education provider and the parent organization of American University of the Caribbean School of Medicine, Association of Certified Anti-Money Laundering Specialists, Becker Professional Education, Chamberlain University, EduPristine, Ross University School of Medicine and Ross University School of Veterinary Medicine.

CEO: Lisa Wardell

Website:

HQ: 500 W Monroe St Fl 28 Chicago, 60661-3773 Illinois

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