$WDC

Western Digital Corp.

  • NASDAQ
  • Electronic Technology
  • Computer Peripherals
  • Manufacturing
  • Computer Storage Device Manufacturing

PRICE

$61.19 ▲5.7%

Last Close

VOLUME

4,955,371

DAY RANGE

57.355 - 59.04

52 WEEK

43.85 - 78.19

Join Discuss about WDC with like-minded investors

profile
@CarlosH-carvan #ivtrades
recently

$WDC second day with UOA in 57.5C

104 Replies 12 👍 15 🔥

profile
@ivtrades-Chris #ivtrades
recently

SWEEP DETECTED: >> 4500 $WDC May22 57.5 Calls $0.844 (CboeTheo=0.78) Above Ask! [MULTI] IV=50.5% -0.1 BZX 31 x $0.75 - $0.82 x 36 PHLX ISO - OPENING Vol=4502, OI=1514,

140 Replies 12 👍 6 🔥

profile
@ivtrades-Chris #ivtrades
recently

SWEEP DETECTED: >> 3250 $WDC Jun22 55.0 Calls $1.55 (CboeTheo=1.46) ASKSIDE [MULTI] IV=42.3% +1.7 ARCA 4 x $1.36 - $1.55 x 887 PHLX OPENING Vol=3250, OI=1275

41 Replies 11 👍 11 🔥

profile
@dros #droscrew
recently

might want to wait on WDC to confirm over $50 first

48 Replies 9 👍 15 🔥

profile
@dros #droscrew
recently

3250 $WDC JUN2022 $55 Cs trade 1.55

52 Replies 11 👍 10 🔥

profile
@dros #droscrew
recently

3250 $WDC JUN2022 $55 Cs trade 1.55

41 Replies 10 👍 7 🔥

profile
@dros #droscrew
recently

$MU $WDC The powerful 7.3 magnitude earthquake in Japan has disrupted chip manufacturing at several sites, potentially further worsening the chip shortage for automakers and buyers of memory chips. - Protocol

150 Replies 13 👍 11 🔥

profile
@dros #droscrew
recently

12500 $WDC MAR2022 $56 Cs trade 1.35

110 Replies 15 👍 11 🔥

profile
@dros #droscrew
recently

2750 $WDC MAR2022 $60 Cs trade 1.62

142 Replies 8 👍 15 🔥

profile
@dros #droscrew
recently

2750 $WDC MAR2022 $60 Cs trade 1.62

107 Replies 7 👍 8 🔥

profile
@ivtrades-Chris #ivtrades
recently

1295 $WDC Feb22 25th 56.0 Calls trade $0.79 (CboeTheo=0.76) ASKSIDE AMEX IV=42.5% -1.5 AUCTION - OPENING Vol=1295, OI=193,

45 Replies 7 👍 9 🔥

profile
@dros #droscrew
recently

EARNINGS TODAY AFTER MKT HOURS: $AAPL $V $X $HOOD $WDC $TEAM $OLN $CP $KLAC $JNPR $MDLZ $CE $BOOT $SYK $RHI $FICO

125 Replies 11 👍 9 🔥

profile
@dros #droscrew
recently

Unusually heavy option volume on today's open include $WDC, $MU, $STX, $EXC, and $OXY.

79 Replies 13 👍 14 🔥

profile
@mzx9 #droscrew
recently

$WDC back to $60s

71 Replies 14 👍 6 🔥

profile
@dros #droscrew
recently

Upgrades 11/23: $ABBV $BAC $BGRY $BMBL $CBRE $CLMT $CPA $EPAM $MU $PRVB $TDG $TRU $WDC . Downgrades 11/23: $EBAY $GDP $GXO $PBA $SPRB $SR $TEF $VG $ZBH

47 Replies 8 👍 12 🔥

GM
@gman2 #ivtrades
recently

$WDC Puts look like a good bet, the senior vice president sold 2600 shares Nov 2 for $55

78 Replies 13 👍 12 🔥

profile
@ivtrades-Chris #ivtrades
recently

1965 $WDC Dec21 3rd 52.0 Puts trade $0.60 (CboeTheo=0.56) ASKSIDE [CBOE] IV=43.8% +4.2 FLOOR - OPENING Vol=2000, OI=39,

95 Replies 15 👍 14 🔥

profile
@dros #droscrew
recently

915 $WDC JUN2022 $72.5 Cs trade 2.68

98 Replies 9 👍 11 🔥

profile
@dros #droscrew
recently

915 $WDC JUN2022 $72.5 Cs trade 2.68

59 Replies 12 👍 6 🔥

profile
@dros #droscrew
recently

2000 $WDC JAN2022 $62.5 Cs trade 1.7

98 Replies 13 👍 13 🔥

profile
@dros #droscrew
recently

2000 $WDC JAN2022 $62.5 Cs trade 1.7

83 Replies 6 👍 14 🔥

profile
@DarkPoolAlgo #Dark Pool Charts
recently

Technology, Media & Telecom Apple Inc. (AAPL) shares fall -5%; Q4 revs $83.36B vs. est. $84.69B; EPS in-line at $1.24; Apple missed expectations in two key categories. Apple said Q2 iPhone sales were $38.9 billion, short of estimates of $41.5 billion, accessories segment, which contains fast-growing categories like its AirPods wireless headphones, came in at $8.8 billion, half a billion dollars lower than analyst expectations of $9.3 billion; Sales for iPads and Macs were $8.3 billion and $9.2 billion, compared with analyst estimates of $7.2 billion and $9.2 billion respectively A 10 networks (ATEN) 3Q adj EPS $0.17 vs est. $0.14 on revs $65.4Mm vs est. $62.5Mm; guides 4Q revs about +10% vs est. +6.5%; says board authorized new $100Mm share repurchase program Atlassian Corporation Plc (TEAM) Q1 EPS $0.46 vs est. $0.40 on revenue $614M vs est. $582.3M; sees Q2 EPS 35c-38c vs est. 44c on revenue $630M-$645M vs est. $621.8M Cohu Inc. (COHU) 3Q EPS $0.48 vs est. $0.69 on revs $225.1Mm vs est. $228Mm; guides 4Q sales $182-195Mm vs est. $203.8Mm; authorized $70Mm share repurchase program MicroStrategy (MSTR) Q3 adj EPS $1.88 vs est. $1.25 on revenue $128M vs est. $127.5M; added nearly 9,000 Bitcoin in the quarter bringing its total holdings to over 114,000 Bitcoin with a carrying value over $2.4B Monolithic Power Systems, Inc (MPWR) 3Q EPS $1.44 vs. est. $2.00 on revs $323.5Mm vs. est. $316M; sees Q4 revs $314M-$326M vs. est. $306.62M; sees Q4 GAAP gross margin between 56.0% and 56.6% National Instruments (NATI) 3Q adj EPS $0.42 vs est. $0.18 on revs $367Mm vs est. $374Mm; guides 4Q adj EPS $0.47-0.61 vs est. $0.34, sees 4Q revs $385-425Mm vs est. $409Mm Power Integrations (POWI) Q3 adj EPS $0.84 vs est. $0.78 on revenue $176.8M vs est. $175.1M; raised dividend to $0.15 from $0.13, added $50M to buyback authorization for new total of $105M; sees Q4 revs $65M-$75M (est. $70.5M) SPS Commerce (SPSC) 3Q adj EPS $0.47 vs est. $0.42 on revs $97.9Mm vs est. $97.4Mm; guides 4Q revs $99.9-100.5Mm vs est. $100Mm, sees 4Q adj EPS $0.41-0.42 vs est. $0.41; guides FY revs $382.4-383Mm vs est. $382Mm, sees FY adj EPS $1.76-1.77 vs est. $1.72 SS&C Technologies (SSNC) 3Q adj EPS $1.32 vs est. $1.19 on revs $1.264B vs est. $1.232B; guides 4Q adj EPS $1.17-1.25 vs est. $1.20, sees 4Q revs $1.225-1.275B vs est. $1.251B; guides FY CAPEX 2.6-3.0% of revs Udemy (UDMY)5M share IPO priced at $29.00 Verisign (VRSN) 3Q EPS $1.40 vs est. $1.37 on revs $334Mm vs est. $332Mm Vocera Comm (VCRA) 3Q EPS $0.06 on revs $63.6Mm; deferred revs & backlog was $252.7Mm; guides FY revs $226-230Mm vs est. $228.9Mm Western Digital (WDC) 1Q adj EPS $2.49 vs est. $2.45 on revs $5.1B vs est. $5.05B; guides 2Q adj EPS $1.95-2.25 vs est. $2.67, sees 2Q revs $4.7-4.9B vs est. $5.26B Wrap Technologies (WRAP) 3Q EPS ($0.15) vs est. ($0.16) on revs $1.8Mm vs est. $2.35Mm Zendesk (ZEN) Q3 adj EPS $0.17, in-line with ests; Q3 revs $347M vs. est. $335.1M; entered into a definitive agreement under which Zendesk will acquire Momentive, including its iconic SurveyMonkey platform; raises FY21 revenue view to $1.329B-$1.335 from $1.31B-$1.318B

94 Replies 11 👍 13 🔥

profile
@dros #droscrew
recently

3000 $WDC APR2022 $80 Cs trade 1.11

114 Replies 13 👍 11 🔥

profile
@dros #droscrew
recently

3000 $WDC APR2022 $80 Cs trade 1.11

147 Replies 11 👍 13 🔥

profile
@DarkPoolAlgo #Dark Pool Charts
recently

Thursday, October 28, 2021 Futures Up/Down % Last Dow 54.00 0.15% 35,443 S&P 500 11.25 0.26% 4,556 Nasdaq 74.50 0.47% 15.662 U.S. futures are looking at a rebound after a late day swoon erased record gains for stocks, as markets again await another earnings barrage, with yesterday and today the two busiest days of the quarter. Drama out of Washington D.C. also adding to the volatility as investors remain hopeful on a spending bill. As for Wednesday, a midday all-time high for the Nasdaq 100 was marred by a late day sell-off in U.S. stocks, as the S&P 500 and Dow each retreated from records set just the previous day, led by weakness in energy stocks as oil prices tumbled from 7-year highs and long-dated Treasury yields also slumped, with the 30-year falling as much as 10bps below 2%. Corporate earnings have generally been better-than-expected, but constant reminders about rising costs, supply-chain issues, and labor shortages on conference calls brings into question the strength of markets going forward. Couple that with expectations for the Fed to begin its asset tapering plans in November and chances of interest rate hikes in mid-2022 to help prevent inflation getting further out of hand remains a market concern. Shares of Dow components McDonald’s, Coca-Cola and Microsoft rallied behind strong earnings. In fact, the Nasdaq outperformed behind large cap winners (TSLA, GOOGL MSFT, AMZN), though breadth was decisively negative and SmallCaps plunged with the Russell 200 falling nearly 2%. President Biden’s infrastructure and social-spending plans still remain “up-in-the-air” which also adds uncertainty. In Asian markets, The Nikkei Index fell about 1% to 28,820, the Shanghai Index slipped -1.23% to 3.518 and the Hang Seng Index dipped about -0.25% to 25,555. In Europe, the German DAX is down -0.15% at 15,680, while the FTSE 100 is also down roughly -0.2% at 7,240. Market Closing Prices Yesterday The S&P 500 Index dropped -23.11 points, or 0.51%, to 4,551.68 The Dow Jones Industrial Average fell -266.19 points, or 0.74%, to 35,490.69 The Nasdaq Composite little changed, or 0.00%, to 15,235.84 The Russell 2000 Index declined -43.58 points, or 1.90% to 2,252.49 Events Calendar for Today 8:30 AM ET Weekly Jobless Claims…est. 290K 8:30 AM EST Continuing Claims…est. 2.415M 8:30 AM ET Gross Domestic Product (GDP) for Q3-A…est. 2.7% (down from prior) 8:30 AM ET GDP Consumer Spending for Q3-A…prior month 12.0% 8:30 AM ET GDP Price Deflator for Q3…est. 5.5% 8:30 AM ET Core-PCE Prices Advance for Q3…est. 4.5% 10:00 AM ET Pending Home Sales MoM for September…est. 0% 10:30 AM ET Weekly EIA Natural Gas Inventory Data 11:00 AM ET Kansas City Fed Manufacturing for October 1:00 PM ET U.S. to sell $62 bln 7-year notes Earnings Calendar: Earnings Before the Open: AB, ABMD, ADS, AEP, AGCO, ALNY, AMT, AOS, ATI, BAX, BC, BSIG, BTU, CARR, CAR, CBRE, CBZ, CFR, CG, CMCO, CMCSA, CMS, CNX, COLB, CONE, COOP, COR, CWT, DBD, EME, EXP, FCN, GPI, GVA, HBAN, HSY, IBP, ICE, ITW, KBR, KDP, KEX, LECO, LH, LKQ, MA, MCO, MDD, MO, MRK, NEM, NLSN, NOC, OSK, OSIS, OSTK, PBF, RGEN, RLGY, RS, SAH, SAIA, SNDR, SWI, SWK, TAP, TFX, TPX, TREE, TW, TXT, VC, VLY, WEX, WST, XEL, YUM Earnings After the Close: AAPL, ABCB, ACHC, AGL, AMZN, ASPN, ATEN, ATR, AVT, AX, BIO, BY, CDNA, CHE, COHU, COLM, CPT, CUZ, CWST, DECK, DVA, DXCM, EB, EMN, FISI, FTDR, FTV, GILD, HIG, HUBG, LOPE, LPLA, LTC, NGRC, MHK, MMSI, MPWR, MSTR, NATI, NXGN, PEB, POWI, PSB, PTCT, QUMU, RMD, RSG, SBCF, SBUX, SGEN, SKX, SKYW, SM, SPNE, SSNC, SYK, TEX, TXRH, VCRA, VRSN, WDC, WRAP, WRE, X, ZEN Macro Up/Down Last Nymex -1.61 81.05 Brent -1.37 83.21 Gold -2.10 1,801.20 EUR/USD -0.0006 1.1598 JPY/USD -0.23 113.57 10-Year Note +0.012 1.541% Sector News Breakdown Consumer eBay Inc. (EBAY) 3Q adj EPS $0.90 vs est. $0.89 on revs $2.5B vs est. $2.46B; guides 4Q adj EPS $0.72-0.76 vs est. $1.00, sees 4Q revs $2.57-2.62B vs est. $2.65B; raising estimated FY share buyback from $5.0B to $7.0B Ford Motor (F) announces resumption of stock dividend in 4q; 3Q adj EPS $0.51 vs est. $0.27 on revs $35.7B vs est. $32.5B; expects cash flow over current planning period to be more than sufficient to fund growth, announces resumption of regular stock dividend in 4Q; no changes to FY adj FCF guide of $4.0-5.0B Boot Barn (BOOT) Q2 EPS $1.25 vs est. $0.93 on revenue $312.7M (+67.1% vs 2Q19) vs est. $291M, same-store sales +61.7% YoY, +53.6% vs 2019; sees new unit growth 10% in FY22; named Jim Watkins as CFO with current CFO Greg Hackman continuing as VP and COO Churchill Downs (CHDN) 3Q EPS $1.57 vs est. $1.47 on revs $393Mm vs est. $406.8Mm Fresh Del Monte Produce Inc. (FDP) said it is raising prices on bananas, pineapples and fresh-cut fruit in response to unprecedented market conditions and inflationary pressures being felt across all industries iRobot (IRBT) Q3 EPS $1.67 vs. est. $0.70; Q3 revs $440.7M vs. est. $417.04M; cuts FY21 non-GAAP EPS view to $1.15-$1.74 from $2.25-$3.15 (est. $2.70) and lowers FY21 revenue view to $1.56B-$1.59B from $1.55B-$1.62B (est. $1.58B) Noodles (NDLS) Q3 adj EPS 12c vs est. 9c on in-line revenue $125.1M with digital sales 52% of total revs; system-wide comp sales +16.3% vs est. +14.3%, avg unit volume $1.38M, +16% YoY; now sees 7-9 new restaurants in 2021, down from prior outlook for 10-15; anticipates system-wide unit growth of at least 8% next year O’Reilly Auto (ORLY) Q3 EPS $8.07 vs. est. $7.18; Q3 sales $3.48B vs. est. $3.3B; gross profit margin 52.3% vs. 52.4% y/y; raises year rev outlook to $12.9B-$13.2B from prior $12.3B-$12.6B (est. $12.73B) Sleep Number (SNBR) 3Q EPS $2.22 vs est. $1.44 on revs $640Mm vs est. $587.1Mm; sees FY EPS $7.25 vs est. $7.15; Spirit Airlines (SAVE) Q3 adj EPS ($0.69) was a narrower loss than est. ($1.02) on in-line revs $922.6M; load factor 77.6%, capacity +3.5% vs 3Q19; is slowing the pace to push back to full fleet utilization, expects to produce 53B-55B available seat miles in 2022 VICI Properties (VICI) 3Q adj FFO/shr $0.45 on revs $375.7Mm; guides FY adj FFO/shr $1.7901.80 vs est. $1.84 Wyndham Hotels (WH) 3Q EPS $1.09 vs est. $0.91 on net revs $463Mm vs est. $463Mm; guides FY RevPAR growth about 43%, sees fee-related and other revs $1.21-1.23B; guides FY adj EPS $2.93-3.03 vs est. $2.69 Yum China (YUMC) Q3 adj EPS $0.22 vs. est. $0.31; Q3 revs $2.55B vs. est. $2.51B; qtrly total system sales increased 1% year over year, with increases of 1% at both KFC and Pizza Hut, excluding f/x; increasing gross new stores target to over 1,700 in 2021; expect that covid-19, especially the delta variant outbreaks, will continue to affect consumer behavior and impact our same-store sales recovery. Solo Brands, Inc. (DTC) prices 12.9M share IPO at $17.00 per share Scientific Games Corp (SGMS) announces sale of lottery business to Brookfield business partners for $6.05 billion; deal consisting of $5.825 bln in cash & an earn-out of up to $225 mln based on achievement of certain ebitda targets in 2022 & 2023 Energy, Industrials & Materials Allison Transmission (ALSN) 3Q EPS $0.89 vs est. $0.90 on revs $567Mm vs est. $584Mm; guides FY sales $2.325-2.4B vs est. $2.36B Flowserve Corp. (FLS) 3Q adj EPS $0.29 vs est. $0.40 on revs $866.1Mm vs est. $899Mm; guides FY revs down 2-4% vs est. -2.3%, sees FY EPS $1.45-1.65 (was $1.40-1.45) vs est. $1.58, sees CAPEX $70-80Mm vs prior $65Mm Kraton (KRA) Q3 adj EPS $0.98 vs. est. $0.79; Q3 revs $526.9M vs. est. $459.1M; Polymer segment operating income of $43.8 million, compared to an operating loss of $5.1 million YoY; Chemical segment operating income of $35.7M, compared to an operating loss of $401.7M YoY Sunnova Energy (NOVA) Q3 EPS ($0.25) vs est. ($0.13) on revenue $68.9M vs est. $67.4M; reaffirmed FY21 view for adj EBITDA $80M-$85M, customer additions 55k-58k; set FY22 guidance for adj EBITDA $117M-$137M, customer additions 83k-87k Tronox Holdings (TROX) Q3 adj EPS $0.72 vs. est. $0.64; Q3 revs rose 29% to $870M vs. est. $905.3M United Rentals (URI) 3Q adj EPS $6.58 vs est. $6.80 on revs $2.6B vs est. $2.58B; guides FY revs $9.6-9.75B vs est. $9.6B, sees FY adj EBITDA $4.325-4.4B vs est. 4.3B Financials Aflac (AFL) Q3 adj EPS $1.53 vs. est. $1.32; Q3 revs $5.2B vs. est. $5.34B; in yen terms, Aflac Japan’s net premium income was ¥323.1 bln for quarter, or 4.0% lower than a year ago AvalonBay (AVB) Q3 core FFO $2.06 vs est. 1.97, EPS $0.56 vs est. $0.77, same-store sales +1.2%; sees Q4 core FFO $2.19-$2.29 vs est. $2.11, raised FY core FFO view to $8.18-$8.28 from $7.92-$8.12 CyrusOne Inc. (CONE) 3Q adj FFO/shr $1.02 vs est. $0.99 on revs $304.1Mm vs est. $290.4Mm; guides FY revs $1.18-1.2B vs est. $1.17B Invitation Homes (INVH) Q3 core FFO 38c/shr vs est. 36c, EPS 12c vs est. 10c, revenue $510M vs est. $497.8M; same-store NOI +11.9% YoY on same-store revs +7.9%; raised FY21 core EPS view to $1.49 at midpoint from $1.44, adj FFO ro $1.28 at midpoint from $1.24 Lending Club (LC) Q3 EPS $0.26 vs est. $0.03 on revenue $246.2M vs est. $221.2M; sees Q4 revs $240M-$250M vs est. $235.7M, loan originations $2.8-$3B; raised FY view for revenue to $796M-$806M from $750M-$780M Raymond James (RJF) Q4 EPS $2.06 vs. est. $1.71; Q4 revs $2.7B vs. est. $2.54B; quarter-end records for client assets under administration of $1.18 trillion, financial assets under management of $191.9B, and net loans at Raymond James Bank of $25B The SEC asked at least one asset manager not to proceed with plans for a leveraged bitcoin exchange-traded fund, according to a person familiar with the matter. The SEC indicated it wants to limit new bitcoin-related products to those that provide unleveraged exposure to bitcoin futures contracts, such as the ProShares Bitcoin Strategy exchange-traded fund, which was launched last week, the person said. https://on.wsj.com/3GvG2qg Healthcare Align Technology (ALGN) 3Q adj EPS $2.87 vs est. $2.60 on revs $1.02B vs est. $978Mm; guides FY revs $3.9-3.95B vs est. $3.94B; says clinical study validates benefits of the Itero Element 5D imaging system Alnylam (ALNY) reports positive topline 18-month results from Helios-a phase 3 study of Vutrisiran in patients with HATTR amyloidosis with polyneuropathy BioMarin (BMRN) Q3 GAAP EPS loss (-$0.20) vs. est. loss (-$0.25); Q3 revs $408.7M vs. est. $435.32M; Lower Kuvan product revenues primarily due to generic competition due to the loss of exclusivity in the U.S.; Lower Aldurazyme product revenues due to timing of product fulfillment to Genzyme Edwards LifeSciences (EW) Q3 EPS $0.54 vs. est. $0.53; Q3 revs $1.3B vs. est. $1.32B; sees FY21 adjusted EPS at high end of $2.07-$2.27 (est. $2.26) and reaffirms FY21 revenue view $5.2B-$5.4B (est. $5.32B); TAVR sales grew 15%; underlying 14%; U.S. TAVR sales grew 12%; OUS approximately 20% Encompass Health (EHC) Q3 adj EPS $1.03 vs. est. $1.06; Q3 revs $1.28B vs. est. $1.31B; cuts FY21 adj EPS view to $4.23-$4.38 from $4.32-$4.47 and lowers FY21 revenue view to $5.08B-$5.13B from $5.1B-$5.25B (est. $5.18B) Molina Healthcare (MOH) Q3 adj EPS $2.83 vs. est. $2.79; Q3 revs $7.04B vs. est. $6.79B; backs FY21 EPS view of no less than $13.25 vs. est. $13.38 and backs FY21 revenue view of no less than $27.5B vs. est. $26.97B; consolidated MCR for Q3 was 88.9%, compared to 85.9% in the third quarter of 2020 Teladoc (TDOC) Q3 EPS loss (-$0.53) vs. est. loss (-$0.65); Q3 revs $521.66M vs. est. $516.6M; Q3 visits topped 3.9M, 37% higher than Q3 2020; sees Q4 EPS loss (73c)-(53c) vs. est. loss (69c); sees Q4 revs $536M-$546M vs. est. $539.74M; sees Q4 total visits 3.9M-4.1M

68 Replies 7 👍 11 🔥

profile
@DarkPoolAlgo #Dark Pool Charts
recently

U.S. stock futures looking mixed on the final day of trading for the week, but a much better picture then what it looked like initially overnight following the first night of disappointing earnings overnight as shares of tech companies Intel (INTC) and Snap (SNAP) led the declines. Asia’s subdued risk sentiment gets a surprise boost following a report of Evergrande $83.5M interest payment on an overdue dollar bond. European stocks also rose on Friday after China Evergrande paid a bond coupon before this weekend’s deadline helping boost those markets and lift sentiment. The Nikkei Index rose nearly 100-points to 28,804, the Shanghai Index slipped -0.3% to 3,582, and the Hang Seng Index climbed 109 points to 26,126. In Europe, the German DAX is up over 100 points to 15,585, while the FTSE 100 gains 0.5% to 7,225. The Dow eased from a record high hit on Wednesday, while the Nasdaq paced market gains and the S&P 500 hit a fresh intraday record high thought breadth was somewhat mixed as six of the 11 major S&P 500 sectors finished lower, with energy stocks falling the most. While the majority of earnings thus far to start quarterly earnings (about 20% in for the S&P 500), the potential impact of supply chain disruptions and labor shortages on profits is starting to take center stage this earnings season. IBM tumbled 8.2% after it missed market estimates for quarterly revenue, while Tesla (TSLA helped lift the Nasdaq. The story of the day was Digital World Acquisition Corp (DWAC), the special purpose acquisition company (SPAC) that will merge with former President Trump’s social media company, shooting up 356% on Thursday, closing at $45.50 a share. Applications for U.S. state unemployment benefits unexpectedly declined to 290,000 last week to pre-pandemic levels, raising expectations the Fed may look to raise rates sooner in 2022 to cool inflation. The CBOE volatility index closed Thursday at 15.01, lowest close since Feb. 19, 2020. Market Closing Prices Yesterday · The S&P 500 Index gained 13.59 points, or 0.30%, to 4,549.78 · The Dow Jones Industrial Average slid -6.26 points, or 0.02%, to 35,603.08 · The Nasdaq Composite surged 94.02 points, or 0.62%, to 15,215.70 · The Russell 2000 Index advanced 6.42 points, or 0.28% to 2,296.18 Events Calendar for Today · 9:45 AM ET Markit Manufacturing PMI-Flash · 9:45 AM ET Markit Services PMI-Flash · 9:45 AM ET Markit Composite PMI-Flash · 1:00 PM EST Baker Hughes Weekly rig count data Earnings Calendar: · Earnings Before the Open: AIMC, AXP, CLFY, CLF, FHB, GNTX, HCA, HON, RF, ROP, SLB, SMPL, STX, VFC World News · The eurozone composite PMI dropped from 56.2 to 54.3 in October, posting its lowest reading in six months; Eurozone Oct Mfg PMI (flash) beat: 58.5 vs 57.0 consensus; EZ Oct Services PMI (flash) missed at 54.7 vs 55.5 consensus · UK Sep Retail Sales missed: -0.2% m/m vs 0.5% cons; -1.3% y/y vs -0.4% consensus; UK Sep Retail Sales ex-autos missed: -0.6% m/m vs 0.5% cons; -2.6% y/y vs -1.7% consensus · German Oct Manufacturing PMI (flash) beat: 58.2 vs 56.5 consensus; German Oct Services PMI (flash) missed: 52.4 vs 55.0 consensus · Bank of England chief economist Pill says that inflation could exceed 5% but likely to fall in 2H of next year, BoE would have a “live” decision on whether to raise interest rates at its November meeting. · GfK consumer confidence dropped 4 points to minus 17 in October as higher inflation and climbing Covid rates weighed on sentiment Sector News Breakdown Consumer · Chipotle Mexican Grill, Inc. ($CMG) Q3 EPS $7.02 vs. est. $6.32; Q3 revs rise 21.9% to $2.0B vs. est. $1.94B; qtrly comparable restaurant sales increased 15.1%; qtrly digital sales grew 8.6% year over year to $840.4M; Restaurant level operating margin was 23.5% 1, an increase of 400 bps · Boston Beer ($SAM) Q EPS ($4.76) vs est. $4.02 on revs $561.6Mm vs est. $531.5Mm; guides FY depletions and shipments +18-22%, sees national price increase 2-3%, gr margin 40-42%, advertising promo & selling exp increase $80-100Mm · BJ Restaurants ($BJRI) 3Q EPS ($0.09) vs est. $0.11 on revs $282.2Mm vs est. $292.8Mm, comps +41.8% (-0.5% vs 2019); saw rapid food cost inflation hit 3Q restaurant op margins; expects sales to benefit as staffing levels improve; · Mattel Inc. ($MAT) Q3 adj EPS $0.84 vs. est. $0.72; Q3 sales $1.76B vs. est. $1.68B; raises FY21 revenue growth view to up about 15% from 12%-14% and boosts FY21 adj EBITDA view to $900M-$925M from $875M-$900M; qtrly net sales in the N.A. segment increased 12% as reported and gross billings increased 12% as reported; worldwide gross billings for barbie of $555.2 mln, up 4% and for hot wheels of $329.9 mln, up 5% · PriceSmart ($PSMT) 4Q EPS $0.63 vs est. $0.74 on revs $909.6Mm vs est. $879.8Mm; comparable net merchandise sales +10.3% · Whirlpool ($WHR) 3Q adj EPS $6.68 vs est. $6.12 on net sales $5.5B vs est. $5.74B; guides FY net sales +13% vs est. +15.5%, sees FY adj EPS about $26.25 vs est. $26.35 · Robert Half ($RHI) 3Q EPS $1.53 vs est. $1.40 on revs $1.713B vs est. $1.637B; sees Q4 EPS $1.37-$1.47 vs. est. $1.30; sees Q4 revenue $1.655B-$1.735B vs. est. $1.65B · Walmart ($WMT) is offering bitcoin through 200 of its CoinStar kiosks in a tie-up with crypto atm firm CoinMe- CoinDesk reported last night Energy · DMC Global ($BOOM) shares fell -10%; 3Q EPS $0.02 vs est. $0.10 on sales $67.2Mm vs est. $71.5Mm; guides 4Q sales $46-50Mm below est. $73.6Mm · Altus Midstream Company ($ALTM) said it will combine with privately-owned BCP Raptor Holdco LP in an all-stock transaction. BCP is the parent company of EagleClaw Midstream, which includes EagleClaw Midstream Ventures, the Caprock Midstream and Pinnacle Midstream businesses, and a 26.7% interest in the Permian Highway Pipeline. · Southern Co.’s ($SO) Georgia Power adds another three months to the timetable for the Vogtle 3 and 4 nuclear expansion projects; company now projects a Unit 3 in-service date in Q3 2022 and a Unit 4 in-service date in Q2 2023 Financials · Associated Banc-Corp. ($ASB) Q3 EPS $0.56 vs est. $0.44, tangible book value per share $17.58, recovery of credit losses $24M vs est. recovery of $1.68M · Bank Ozk ($OZK) Q3 EPS $1.00 vs. est. $0.97; Q3 total interest income $262.7M versus 268.3M same quarter 2020 · Independent Bank ($INDB) Q3 EPS $1.21 vs. est. $1.02; Total assets of $14.5 billion at September 30, 2021 increased by $339.1 million, or 2.4%, from the prior quarter, and by $1.4 billion, or 10.3%, as compared to the year ago period · SVB Financial ($SIVB) Q3 EPS $6.24 vs. est. $5.04; qtrly net interest income (fully taxable equivalent basis) of $859 million · Western Alliance ($WAL) Q3 EPS $2.28 vs. est. $2.22; Q3 revs $548.5M vs. est. $535.86M; produced highest ever quarterly organic loan growth of $4.8 billion, with deposits also up $3.4 billion (32% annualized), driving a 14.3% increase in PPNR1 during the quarter to $317.1 million · WR Berkley ($WRB) 3Q EPS $1.40 vs est. $0.99 on revs $2.42B vs est. $2.3B; qtrly net premiums written +23.7% Healthcare · Accuray Inc. ($ARAY) preliminary Q1 revs $107.4M vs est. $88.5M, raised FY revenue view to $420M-$427M from $410M-$420M, above est. $415.8M · Metacrine ($MTCR) shares fall -50%; to halt future development of FXR program in NASH; reports interim results for met642 phase 2a trial in patients with NASH and announces a strategic re-prioritization of its clinical development programs; shares downgraded to Hold from Buy at Jefferies, Canaccord and HC Wainwright · Minerva Surgical ($UTRS) 6.25M share IPO priced at $12.00 · Xilio Therapeutics ($XLO) 7.35M share IPO priced at $16.00 · Iveric bio ($ISEE) 9M share Spot Secondary priced at $16.75 · Rite Aid ($RAD) has filed for a mixed securities shelf offering. Industrials & Materials · Honeywell ($HON) Q3 adj EPS $2.02 vs. est. $1.99; Q3 revs $8.47B vs. est. $8.65B; qtrly organic sales grew 8%, led by 38% growth in aerospace commercial aftermarket, 21% growth in safety and productivity solutions; 14% growth in advanced materials within performance materials and technologies; cuts FY21 revenue view to $34.2B-$34.6B from $34.6B-$35.2B (est. $35.1B) and narrows FY21 EPS view to $8.00-$8.10 from $7.95-$8.10 · Carlisle Companies ($CSL) 3Q adj EPS $2.99 vs est. $2.75 on revs $1.3B vs est. $1.27B · Celanese ($CE) Q3 adj EPS $4.82 vs. est. $4.75; Q3 revs $2.3B vs. est. $2.13B; raises full-year outlook; sees Q4 EPS about $4.00 vs. est. $3.97; reported record net sales of $2.3B for the quarter with sequential pricing and volume increases of 3% and 1%, respectively · Lynas Rare Earths ($LYSCF) said Q1 production and sales revenues fell QoQ, citing disruptions from a rise in COVID-19 cases in the area around its Malaysia processing plant; Q1 total rare earths production fell 16% Q/Q to 3,166 metric tons, Q1 revenues fell to A$121.6M from $A$185.9M · Olin Corp. ($OLN) Q3 EPS $2.38 vs. est. $2.02; Q3 revs $2.34B vs. est. $2.36B; qtrly adjusted Ebitda achieved despite production interruptions from hurricanes, raw material cost volatility, & supply-chain disruptions; for FY21, is targeting debt reduction of approximately $1.1 bln using cash generated from operations · U.S. Xpress Enterprises, Inc ($USX) 3Q adj EPS $0.07 vs est. $0.14 on revs $491.1Mm vs est. $479.6Mm · Vicor Corporation ($VICR) 3Q EPS $0.29 vs est. $0.44 on revs $84.9Mm vs est. $98.2Mm; gross margin 50.4% vs est. 52.5%; book/bill 2.0 with backlog $296Mm at qtr end Technology, Media & Telecom · Intel Corp. ($INTC) falls -7%; 3Q EPS $1.71 vs est. $1.11 on revs $19.2B vs est. $18.24B (CCG revs 9.7B -2%, DCG revs $6.5B +10%), gr margin 56% vs est. 54.9%; guides FY adj EPS $5.28 vs est. $4.79; sees 2021 cap-ex spending $18B-$19B; questions about falling gross margins dominated the c/c as the company said it expects to turn back to growth in a few years, and execs kept defending their forecast, comfortable with margins above 50% · Cambium Networks ($CMBM) lowers guidance; sees Q3 revs about $75M, down from prior view of $88-$92M which primarily reflects greater than anticipated global supply constraints impacting shipments of products which we expect to continue into the first half of calendar 2022; said Q3 net income is expected to be below the low-end of the previous GAAP and non-GAAP ranges · Snap Inc. ($SNAP) tumbles -20% overnight on lower guidance; Q3 adj EPS $0.17 vs est. $0.08 on revenue $1.07B vs est. $1.1B, DAUs 306M (+23% YoY); sees Q4 DAUs 316-318M, revenue $1.165B-$1.205B below est. $1.36B, saying it missed the lower end of guidance due to changes to advertising tracking on Apple’s iOS that did not scale as expected, making it more difficult for ad partners to measure and manage campaigns, and macroeconomic factors impacting advertising partners with global supply headwinds expected to impact ad demand Q4 in particular; (shares of FB, ROKU, ETSY, TWTR among names that fell in reaction to SNAP) · Western Digital’s ($WDC) discussions to merge with Japan’s Kioxia in a deal worth over $20B have stalled, the Wall Street Journal reported, citing people familiar with the matter. The companies were seeking to finalize a stock deal that would have established a memory-chip giant worth about $40B

134 Replies 15 👍 6 🔥

profile
@dros #droscrew
recently

Upgrades 10/20: $CLW $F $HAL $IEX $TEL $TMO $WTI . Downgrades 10/20: $ARRY $APO $ASND $AVIR $BBL $BHP $CMP $FSLR $GRTX $KSU $MU $NFLX $QRVO $RIO $SEDG $SHLS $SYF $VALE $WDC $WLTW $WU $ZTO

120 Replies 9 👍 14 🔥

profile
@dros #droscrew
recently

Upgrades 10/15: $ANGO $ATI $AVGO $BP $EURN $FLS $KLAC $KOS $LLNW $MRNA $RRC $SHLX $SQSP $WEC $XP . Downgrades 10/15: $DCT $ISTR $MS $PRFT $TEF $TPVG $TRQ $USB $WDC $ZWS

114 Replies 14 👍 9 🔥

profile
@dros #droscrew
recently

572 $WDC 10SEP2021 $60 Cs trade 1.93

144 Replies 9 👍 7 🔥

profile
@dros #droscrew
recently

572 $WDC 10SEP2021 $60 Cs trade 1.93

103 Replies 14 👍 7 🔥

profile
@cespinoza9801 #ivtrades
recently

any news on $wdc

84 Replies 7 👍 6 🔥

profile
@Gary19 #droscrew
recently

yes dros just shared the article, ty > @AJAJ said: news about WDC moving it apparently

45 Replies 8 👍 8 🔥

profile
@AJAJ #droscrew
recently

news about WDC moving it apparently > @Gary19 said: did some pr just come out?

51 Replies 10 👍 11 🔥

profile
@dros #droscrew
recently

3000 $WDC 27AUG2021 $59 Ps trade 0.77

99 Replies 14 👍 14 🔥

profile
@dros #droscrew
recently

3000 $WDC 27AUG2021 $59 Ps trade 0.77

48 Replies 12 👍 6 🔥

profile
@ivtrades-Chris #ivtrades
recently

2500 $WDC Aug21 27th 58.0 Puts trade $0.72 ASKSIDE PHLX IV=45.6% -0.7 FLOOR - OPENING Vol=3001, OI=12

73 Replies 15 👍 15 🔥

profile
@dros #droscrew
recently

$WDC action yesterday in Sep $65 Cs pretty nice 

99 Replies 10 👍 7 🔥

profile
@DarkPoolAlgo #Dark Pool Charts
recently

Healthcare Moderna ($MRNA) Q2 EPS $6.46 vs. est. $6.04; Q2 revs $4.4B vs. est. $4.28B; expects dose capacity for its covid-19 vaccine in fy 2021 to be between 800 mln and 1 bln doses; advance purchase agreements signed for expected product sales of $20 bln in 2021, including sales already recorded in 6 months ended June 30; signed agreements for $12 bln worth of sales for covid-19 vaccine in 2022, option for about $8 bln more; continue to expect $450 mln -$550 mln of capital investments for 2021 Cigna ($CI) Q2 adj EPS $5.24 vs. est. $4.96; Q2 revs $43.13B vs. est. $41.31B; pharmacy customer base at Q2 grew to 101.9M, an organic increase of 3.1M year to date; total medical customer base at Q2 was 17M, an increase of 279,000 customers YTD; Q2 profit overall fell -16% hurt by higher medical costs; backs year EPS but ups its rev guidance to at least $170B from $166B Nevro ($NVRO) slides after withdrawing FY forecast on COVID-19 concerns and guided Q3 sales between $90M-$93M which is below analyst estimates of $114.7M Regeneron Pharma ($REGN) phase 3 Trial of Libtayo combined with chemotherapy stopped early due to significant improvement in overall survival in patients with first-line advanced non-small cell lung cancer Abiomed ($ABMD) Q1 adj EPS $1.10 vs. est. $1.05; Q1 revs $252.6M vs. est. $240.91M; raises FY22 revenue view to $1.03B-$1.05B from prior $990M-$1.03B (22%-24% growth); expects its fiscal year 2022 non-GAAP operating margin to be in the range of 24% to 26% Amedisys ($AMED) announces new $100M share repurchase program; Q2 adj EPS $1.69 vs. est. $1.67; Q2 revs $564.2M vs. est. $566.19M; guides 2021 adj EPS $6.37-$6.49 vs. est. $6.96; sees 2021 adj net service revenue $2.23B-$2.245B. Evolent Health ($EVH) 2Q EPS ($0.11) vs est. ($0.04) on revs $222.1Mm vs est. $216.9Mm; guides 3Q revs $215-230Mm vs est. $217.7Mm, sees FY revs $870-900Mm vs est. $870.8Mm; announces agreement to acquire Vital Decisions outstanding equity interests for aggregate price up to $130Mm, says transaction is accretive to EBITDA/share before synergies McKesson ($MCK) Q1 adj EPS $5.56 vs. est. $4.15; Q1 revs $62.7B vs. est. $59.99B; raises FY22 adj EPS view to $19.80-$20.40 from prior view $18.85-$19.45 (est. $19.23) 1life Healthcare, Inc. ($ONEM) Q2 EPS loss (-$0.30) vs. est. loss (-$0.20); Q2 revs $120.4M vs. est. $115.7M; sees Q3 revs $113M-$120M vs. est. $118M; sees year revs $475M-$485M vs. est. $482.3M; Membership count as of quarter-end was 621,000 compared to 475,000, a 31% increase; Adjusted EBITDA was positive $6.9 million, or 6% of net revenue Sarepta Therapeutics ($SRPT) Q2 non-GAAP EPS loss (-$1.52) vs. est. loss (-$1.26); net product sales for q2 reached $141.8 mln, a 27% increase over same quarter of prior year; raises full-year product revenue guidance by nearly $30 mln to between $565 mln to $575 mln Tandem Diabetes ($TNDM) 2Q revs $172.1Mm vs est. $143.4Mm; guides FY sales $670-685Mm vs est. $637Mm; guides FY adj EBITDA mgn about 15% vs est. 13.5% Industrials & Materials Albemarle ($ALB) Q2 adj EPS $0.89 vs. est. $0.83; Q2 revs $773.9M vs. est. $788.6M; qtrly lithium net sales of $320.3 mln increased $36.6 mln yoy primarily driven by higher volumes; full-year 2021 net sales guidance improved vs previous guidance primarily due to increased lithium sales, improving catalysts trends – sees year sales $3.3B-$3.4B vs. est. $3.24B Hillenbrand ($HI) 3Q adj EPS $0.85 vs est. $0.76 on revs $695Mm; guides 4Q adj EPS $0.82-0.92 vs est. $0.85, sees 4Q revs $713-738Mm vs est. $709.1Mm Maxar Technologies ($MAXR) 2Q EPS $0.60 vs est. $0.14 on revs $473Mm vs est. $441.5Mm Summit Materials ($SUM) 2Q EPS $0.48 vs est. $0.52 on revs $618.5Mm vs est. $647.1Mm; no change to FY guide Valvoline ($VVV) Q3 adj EPS $0.55 vs. est. $0.45; Q3 revs $792M vs. est. $745.32M; Q3 retail Services system-wide same-store sales grew 40.5%; Q3 same-store sales rose 27%; sees FY sales growth 25%-26% and FCF $250M-$270M Media & Telecom Fox Corp. ($FOXA) Q4 adj EPS $0.65 vs. est. $0.57; Q4 revs $2.89B vs. est. $2.75B; raises semi-annual dividend to 24c; cable network programming reported quarterly segment revenues of $1.40B, an increase of $128M; affiliate revenues increased 10% with 16% growth at the television segment and 6% growth at the cable network programming segment in q4 Roku Inc. ($ROKU) Q2 EPS 52c vs est. 13c on revs $645M vs est. $618.4M, average rev per user $36.46 (+46% YoY), active accounts 55.1M vs est. 55.8M; at midpoint of Q3 guidance, sees revs $675M-$685M vs est. $645M, gross profit $315M-$325M, adj EBITDA $60M-$70M, net income (-$3M)-$7M, anticipates sequential increases in operating expenses in 2H from investments in headcount, product development, and sales & marketing Technology Amdocs Ltd. ($DOX) 3Q adj EPS $1.35 vs est. $1.18 on revs $1.066B vs est. $1.06B; guides 4Q adj EPS $1.13-1.19 vs est. $1.28, sees 4Q revs $1.065-1.105B vs est. $1.087B Booking Holdings ($BKNG) 2Q adj EPS ($2.55) vs est. ($2.04) on revs $2.2B vs est. $1.9B, encouraged by sequential improvement in booking trends with 2Q room nights +59% vs 1Q; said in in q2, we saw the first sequential increase in the number of properties on booking.com and lowest number of properties coming off of our platform since the onset of the covid-19 pandemic DXC Technology ($DXC) Q1 adj EPS $0.84 vs. est. $0.74; Q1 revs $4.14B vs. est. $4.11B; Q2 guidance falls short of views but backs year EPS view $3.45-$3.65 vs. est. $3.56 and backs FY22 revenue view $16.6B-$16.8B (est. $16.74B); Bookings of $4.6 billion and book-to-bill ratio of 1.12x in Q1 FY22 Electronic Arts ($EA) Q1 EPS $0.71 vs. est. $0.62; Q1 net bookings $1.336B vs. est. $1.28B; sees Q2 EPS roughly $0.36 vs. est. $1.07; sees Q2 net bookings $1.725B vs. est. $1.62B; raises FY22 EPS view to $1.58 from $1.34 and ups FY21 bookings view to $7.4B from $7.3B Fastly Inc. ($FSLY) shares fall -18%; Q2 adj EPS ($$0.15) vs est. ($0.17) on revs $85.03M vs est. $85.7M, sees Q3 EPS loss (21c)-(18c) vs est. (18c) on revs $82M-$85M vs est. $97.9M, and forecasts FY EPS (65c)-(57c) vs est. (43c) on revs $340M-$350M vs est. $382.5M GoDaddy ($GDDY) Q2 EPS $0.27 vs. est. $0.32; Q2 revs $931.3M vs. est. $919.7M; total bookings of $1.055B, up 12.7% year over year, or 10.6% on a constant currency basis; Domains revenue of $436.7 million, up 18.2% yoy; Hosting and presence revenue of $318.5 million, up 9.0% yoy; Business applications revenue of $176.1 million, up 21.8% yoy; sees year revs $3.75B, in-line HubSpot ($HUBS) 2Q adj EPS $0.43 vs est. $0.32 on revs $310.8Mm vs est. $296Mm; guides 3Q adj EPS $0.42-0.44 vs est. $0.39, sees 3Q revs $325-327Mm vs est. $318.7Mm; guides FY revs $1.268-1.272B vs est. $1.244B MercadoLibre ($MELI) Q2 EPS $1.37 vs est. $0.19 on revs $1.7B vs est. $1.48B with commerce revs +96.4% YoY and fintech revs +88.9%; unique active users 75.9M in quarter (+47.4% YoY), total payment volume through Mercado Pago topped $17.5B (+56.3% in USD), gross merchandise volume $7B (+39.2% in USD) Ping Identity ($PING) 2Q adj EPS $0.11 vs est. $0.04 on revs $78.9Mm vs est. $66.1Mm; guides 3Q revs $65-70Mm vs est. $65.1Mm, sees 3Q total ARR $286-288Mm; guides FY revs $278-285Mm vs est. $269.3Mm, sees FY total ARR $304-306Mm Qorvo ($QRVO) Q1 EPS $2.83 vs. est. $2.45; Q1 revs $1.11B vs. est. $1.08B; sees Q2 EPS $3.24 at midpoint vs. est. $3.02; sees Q2 revenue $1.24B-$1.26B vs. est. $1.21B Trimble Inc. ($TRMB) Q2 adj EPS $0.72 vs. est. $0.59; Q2 revs $945.3M vs. est. $867.8M; sees FY21 adj EPS $2.45-$2.65 vs. est. $2.45; sees FY21 adjusted revenue $3.55B-$3.65B vs. est. $3.48B; Q2 annualized recurring revenue (ARR) was $1.35 billion, up 11% yoy Western Digital ($WDC) 4Q adj EPS $2.16 vs est. $1.51 on revs $4.9B vs est. $4.55B; guides 1Q revs $4.9-5.1B vs est. $4.9B, sees 1Q adj EPS $2.25-2.55 vs est. $2.05

119 Replies 7 👍 15 🔥

profile
@DarkPoolAlgo #Dark Pool Charts
recently

Wednesday, August 4, 2021 Futures Up/Down % Last Dow -25.00 0.07% 34,973 S&P 500 -1.25 0.04% 4,413 Nasdaq 11.50 0.08% 15,058 U.S. S&P futures are flat heading into the trading day, looking to build on record highs from Tuesday as positive earnings boost U.S and European stocks while worries over China’s gaming and technology crackdown ease, helping lift those markets. Risk sentiment improves across Asia as Chinese and Hong Kong stocks push higher on tech recovery and solid Caixin PMI data. In Asian markets, The Nikkei Index fell -57 points to 27,854, the Shanghai Index rose 29 points to 3,477 and the Hang Seng Index jumped 231 points to settle at 26,426. In Europe, the German DAX is climbing around 125 points to 15,680, while the FTSE 100 is up 0.4% to 7,135. Chinese Jul Caixin Services PMI beat: 54.9 vs 50.6 consensus. Some also see the spread of the Covid-19 delta variant as delaying rather than stopping the economic recovery. The New York Times reported overnight that the FDA plans to give full approval to Pfizer (PFE) and BioNTech (BNTX) coronavirus vaccine by the start of the next month. Earnings season has been strong with about 87% of S&P 500 companies reporting earnings and revenue beats, according to FactSet. Just under 70% of the S&P 500 now has reported earnings. The S&P 500 closed at record highs with gains in Apple and healthcare stocks, as concerns over a surge in the Delta variant of the coronavirus was put to the back-burner, overshadowed by continued upbeat corporate earnings. Ten of the 11 S&P indexes traded higher, with energy stocks rebounding after getting hit by a dip in oil prices. Market Closing Prices Yesterday The S&P 500 Index gained 35.99 points, or 0.82%, to 4,423.15 The Dow Jones Industrial Average rose 278.24 points, or 0.80%, to 35,116.40 The Nasdaq Composite climbed 80.23 points, or 0.55%, to 14,761.29 The Russell 2000 Index advanced 8.09 points, or 0.36% to 2,223.58 Events Calendar for Today 7:00 AM ET MBA Mortgage Applications Data 8:15 AM ET ADP Employment Change for July…est. 695K 9:45 AM ET Markit Composite PMI, July-F 9:45 AM ET Markit Services PMI, July-F 10:00 AM ET ISM Non-Manufacturing Services PMI for July…est. 60.5 10:30 AM ET Weekly DOE Inventory Data Earnings Calendar: Earnings Before the Open: ABC, AEIS, ALE, APO, ASTE, BCOR, BDC, BGCP, BWA, CDW, CLVS, CLH, CLW, CMLS, CRL, CSII, DNOW, DOC, EDIT, EMR, ETR, EXC, FLOW, FUN, GEL, GM, HDSN, HFC, HZNP, IONS, JLL, KHC, LL, MAC, MKL, MPC, MPLX, MTOR, NI, NYT, ODP, RCL, SBGI, SGRY, SITE, SMG, SPR, SUP, TGI, TUP, TXMD, UTHR, VCEL, VMC, WLL Earnings After the Close: ACAD, ACLS, ADPT, ADTN, AGL, ALB, ALL, AMED, ANGI, ANSS, APA, ATO, AXGN, BBSI, BE, BFAM, BKNG, BOOT, CCMP, CDAY, CENX, CHNG, CMP, CPS, DGII, DOX, DVAX, DXC, EA, EGHT, ELF, EMKR, EOG, ETSY, EVH, FLT, FOXA, FSLY, FTDR, GDDY, GNK, HI, HUBS, IAC, INGN, IVR, JACK, LESL, LNC, LPI, LUMN, MAXR, MBI, MCK, MED, MET, MGM, MOD, MRO, MTG, NUS,NVRO, ONEM, PARR, PDCE, $PING, PLYA, QRVO, QTWO, RCII, REGI, RGR, RMAX, RNWK, EOKU, RPD, $RVLV, RYN, SBRA, SMSI, SUM, T$NDM, TPC, TTGT, TVTY, TWNK, TWO, TXG, $UBER, UHAL, VVV, VZIO, WDC, WU, YELL Other Key Events: Jefferies Industrials Conference (virtual), 8/3-8/4 Piper Wealth Management Forum (virtual), 8/3-8/6 Macro Up/Down Last Nymex -0.34 70.22 Brent -0.18 72.23 Gold 3.30 1,813.75 EUR/USD -0.0008 1.1856 JPY/USD 0.13 109.17 10-Year Note +0.008 1.182% Sector News Breakdown Consumer Caesar’s Entertainment ($CZR) Q2 EPS $0.34 vs. est. loss (-$0.26); Q2 revs $2.5B vs. est. $2.27B; Q2 same-store Adjusted EBITDA was $1B versus (-$131M) for the comparable prior-year period; Company posted all-time records in quarterly Adjusted EBITDA and Adjusted EBITDA margin. Denny’s ($DENN) Q2 adj EPS $0.18 vs. est. $0.11; Q2 revs $106.2M vs. est. $98.1M; Q2 domestic system-wide same-store sales decreased 1.2% compared to the equivalent fiscal period in 2019, including a 1.5% decrease at domestic franchised restaurants and a 1.9% increase at company restaurants. Herbalife ($HLF) Q2 adj EPS $1.52 vs. est. $1.29; Q2 revs $1.55B vs. est. $1.57B; Q2 adjusted EBITDA of $262.1M; raises FY21 EPS view to $4.70-$5.10 from $4.65-$5.05 (est. $4.93); sees FY net sales growth to be in a range of 8.5% to 12.5%, lowering the midpoint by 150 basis points compared to prior full year 2021 guidance. Host Hotels ($HST) Q2 adj FFO $0.12 vs. est. $0.04; Q2 revs $649M vs. est. $606.58M; said RevPAR reached nearly $100 for the quarter, which dramatically outperformed consensus RevPAR, with average room rates only 8.4% below our 2019 second quarter rates; not providing year guidance Hyatt ($H) 2Q adj EPS ($1.15) vs est. ($0.85) on comparable system-wide REVPAR $72.47, qtrly total revs $663Mm vs est. $686.9Mm; guides FY net rooms growth more than +6%, sees FY adj SG&A about $240Mm, sees FY CAPEX about $110Mm Energy Devon Energy ($DVN) Q2 adj EPS $0.60 vs est. $0.52 on revs $2.42B vs est. $2.35B, operating cash flow $1.1B, production for the quarter averaged 291k barrels/day; will pay total dividend of 49c/shr (11c fixed + 38c variable), a 44% increase from Q1; sees 3q production 566-594 mboe/d vs est. 564.80 mboe/d Occidental Petroleum ($OXY) Q2 adj EPS 32c vs est. 1c on revs $5.96B vs est. $5.92B, FCF $2B, cash flow from continuing operations $3.3B; said oil and gas results improved from Q1 due to higher commodity prices and sales volumes; executed debt tender offer and repaid over $3B of long-term debt in July ONEOK ($OKE) Q2 EPS $0.77 vs. est. $0.75; Q2 revs $3.39B vs. est. $3.03B; sees 2021 net income, adj earnings before interest, taxes, depreciation, amortization to be above midpoints of ranges provided on April 27, 2021 SunPower ($SPWR) Q2 adj EPS $0.06 vs. est. $0.04; Q2 revs $308.9M vs. est. $327.31M; guides Q3 revs $325M-$375M vs. est. $400.83M; sees Q3 GAAP net loss of $10 to $0 million and MW recognized of 125 MW to 150 MW; Q2 added 13,000 residential customers – residential bookings up 16 percent sequentially, 67 percent year-over-year (YoY) The American Petroleum Institute ($API) showed a draw of 879K barrels of oil for the latest week; gasoline inventories show a draw of 5.75M barrels, distillate inventories show a draw of 717K barrels and Cushing inventories show a build of 659K barrels W&T Offshore ($WTI) Q2 EPS $0.02 vs. est. $0.07; Q2 revs $132.8M vs. est. $122.38M; Q2 Production was 40,888 Boe/d or 3.7 MMBoe, an increase of 3% compared to 39,657 Boe/d in Q1 and down 3% versus 42,037 Boe/d in Q2 of 2020 Financials Assurant Inc. ($AIZ) Q2 operating EPS $2.99 vs. est. $2.45; Q2 revs $2.54B vs. est. $2.39B; continue to expect to grow eps, ex. catastrophes, by 10 to 14 percent for 2021 Fair Isaac ($FICO) Q3 non-GAAP EPS $3.38 vs. est. $2.76; Q3 revs $338M vs. est. $328.3M; Applications revenues, which include the company’s decision management applications and associated professional services, were $133.2 million in the third quarter, compared to $141.5 million in the prior year period, a decrease of 6% Genworth Financial ($GNW) Q2 adj EPS $0.38 vs. est. $0.22; Q2 revs $2.04B vs. est. $1.9B; planned IPO of Enact remains a key strategic objective for Genworth and is subject to market and other conditions, however because the company is in registration and subject to applicable publicity restrictions, is unable to comment further or provide any additional detail at this time. Green Dot ($GDOT) Q2 adj EPS $0.68 vs est. $0.43 on revs $369.4M vs est. $313.2M; sees FY21 adj EPS $2.13-$2.27 vs prev. $2.06-$2.15, revs $1.33B-$1.35B vs est. $1.28B Prudential ($PRU) Q2 adj EPS $3.79 vs. est. $3.02; qtrly book value per common share of $160.31 versus $165.53 per share for year-ago; qtrly adjusted book value per common share of $104.39 versus $92.07 per share for year-ago; qtr end assets under management of $1.730 trillion versus $1.605 trillion for year-ago; now expect to return a total of $11.0B to holders from $10.5B prior Tanger Outlets ($SKT) 2Q core FFO/shr $0.43 vs est. $0.28, portfolio occupancy was 93% on June 30 vs 91.7% on March 31, avg tenant sales productivity was $424/sq ft for 12 months ended June 30 +7.3% yr/yr; guides FY FFO/shr $1.52-1.59 vs est. $1.46 Unum Group (UNM) Q2 adj EPS $1.39 vs. est. $1.11; Q2 revs $2.99B vs. est. $2.96B; Full-year 2021 outlook increased; after-tax adjusted operating income per share now expected to decline 1%-3% relative to full-year 2020, compared to an expected decline of 5%-6% prior Verisk Analytics ($VRSK) Q2 adj EPS $1.17 vs. est. $1.33; Q2 revs $747.5M vs. est. $737.3M; Net cash provided by operating activities was $233.2 million, down 6.5% for the second quarter of 2021. Free cash flow, a non-GAAP measure, was $170.7 million, down 11.5% Healthcare Change Healthcare ($CHNG) shares fell over 7% on a report that the U.S. Dept. of Justice is considering a lawsuit to block the company’s $8B sale to UnitedHealth ($UNH) https://bit.ly/3yA4Etu Option Care Health ($OPCH) 18M share Spot Secondary priced at $20.25 Amgen Inc. ($AMGN) Q2 adj EPS $4.38 vs. est. $4.06; Q2 revs $6.5B vs. est. $6.43B; backs FY21 adj EPS view $16.00-$17.00 vs. est. $16.34; backs FY21 revenue view $25.8B-$26.6B vs. est. $26.04B Amid surge in new COVID-19 infections across U.S., the FDA plans to give full approval to Pfizer (PFE) – BioNTech (BNTX) coronavirus vaccine by the start of the next month, The New York Times reports The FDA classified the recent recall of some of Philips’ (PHG) ventilators as Class 1, or the most serious type of recall, saying the use of these devices may cause serious injuries or death – Reuters CVS Health ($CVS) Q2 adj EPS $2.42 vs. est. $2.06; Q2 revs $72.62B vs. est. $70.11B; raises FY21 adjusted EPS view to $7.70-$7.80 from $7.56-$7.68 (est. $7.66); sees FY21 cash flow from operations $12.5B-$13B DaVita Inc. (DVA) 2Q EPS $2.64 vs est. $2.17; says total US dialysis treatments for 2Q were 7,413497 (avg 95,045/day); guides FY adj EPS $8.80-9.40 vs est. $8.63, sees FY adj op income $1.8-1.875B vs est. $1.816B Inspire Medical ($INSP) 2Q EPS ($0.48) vs est. ($0.64) on revs $53Mm vs est. $43.9Mm; guides FY revs $210-213Mm vs est. $195.9Mm, sees FY gr mgn 85-86%, sees opening 48-52 new US medical centers per qtr for 2H Jazz Pharma ($JAZZ) Q2 adj EPS $3.90 vs. est. $3.42; Q2 revs $751.8M vs. est. $735.62M; reaffirms FY21 non-GAAP EPS view $13.40-$14.70 (est. $14.45) and also back FY21 revenue view $3.020B-$3.180B vs. est. $3.11B; as of June 30, cash, cash equivalents were $891.4 mln, and outstanding principal balance of co’s long-term debt was $7.1 bln

139 Replies 15 👍 7 🔥

profile
@dros #droscrew
recently

700 $WDC AUG2021 $65 Cs trade 2.78

46 Replies 11 👍 14 🔥

profile
@dros #droscrew
recently

700 $WDC AUG2021 $65 Cs trade 2.78

58 Replies 13 👍 15 🔥

profile
@ivtrades-Chris #ivtrades
recently

@everyone I have been sitting on my hands all day .....so here is the deal: 1) Got stopped out of $WDC on the morning flush ..will make it up as usual 2) I am seeing more long and short set-ups than even today but i am just not getting a read on the probability of follow through 3) So I won't take a shot in the dark. Not my style..i need to be able to quantify my r/r BEFORE i fire off a trade. 4) However, what I am seeing is overall breadth rolling over .. this means there will be some nice dips to buy on the other end of this. So let's keep our powder dry for that ...just in case it plays out as i see it 5) There are still about 2 solid weeks left to trade through July and months before EOY. So let' stay patient and focused and wait for our setups 6) As I said in the chat yesterday, if you force /chase trades it means the market is trading you rather than you trading the market. So no rush, no chasing, no stress. Let the trades come in. See you tomorrow

129 Replies 10 👍 8 🔥

profile
@JohnnyFive #ivtrades
recently

$WDC Stop Hit

88 Replies 10 👍 7 🔥

profile
@ivtrades-Chris #ivtrades
recently

@everyone Good morning, our $ORCL profit target was hit yesterday and $JD stopped out.... now working $WDC and will add some fresh trades today ....should be a good one ...sit tight 👍

47 Replies 13 👍 14 🔥

profile
@ivtrades-Chris #ivtrades
recently

@everyone 5) $WDC is playing out a lot slower than I expected as there seems to be a big seller(s) around the 71.00 level. There were signs of absorption last week so we will see if it plays out. We will need to be patient. 6) $ORCL is catching and holding bids so far. I expect it to chop around a bit for a few days and then give us our target. Patience.

128 Replies 10 👍 14 🔥

profile
@ivtrades-Chris #ivtrades
recently

@everyone 3) We are going into this week with long Calls in $JD $WDC & $ORCL. 4) $JD may get stopped out at the open as all Chinese stocks are taking a hit based on the actions being taken against $DIDI by the Chinese government. I took this trade based on UOA flow and decent technicals but the gov't of China had other ideas. We will make it up.

88 Replies 11 👍 12 🔥

profile
@ivtrades-Chris #ivtrades
recently

@everyone $JD got hit as chinese stocks sold off on news that the Chinese gov may be tightening some existing regulations. It held critical levels o we will see how it plays out. $WDC is still finding sellers but seems to have absorbed them for now ...let's see how thing shape up next week

91 Replies 6 👍 15 🔥

profile
@ivtrades-Chris #ivtrades
recently

$JD sold off with all the other chinese stocks today but held above critical levels on avg vol & $WDC is still finding sellers near 71. These trades will take more time to play out. Added some $ORCL calls as well. I will see you tomorrow 👍

42 Replies 6 👍 14 🔥

DA
@danbrey #ivtrades
recently

Since $WDC is so slow, I'm making money while we wait. 5 WDC 73.00 CALL JUL 2, 2021 should expire tomorrow for $289.

63 Replies 7 👍 9 🔥

profile
@ivtrades-Chris #ivtrades
recently

@everyone Had a few good setups today but the options contracts weren't pricing right....the IV situation was just a bit off and when in doubt, i stay out. $JD & $WDC came relatively close to hitting their targets but found sellers ..stay patient we will see how things play out tomorrow 👍

86 Replies 14 👍 6 🔥

Key Metrics

Market Cap

18.13 B

Beta

1.24

Avg. Volume

5.59 M

Shares Outstanding

313.17 M

Yield

0%

Public Float

0

Next Earnings Date

2022-08-03

Next Dividend Date

Company Information

Western Digital creates environments for data to thrive. As a leader in data infrastructure, the company is driving the innovation needed to help customers capture, preserve, access and transform an ever-increasing diversity of data. Everywhere data lives, from advanced data centers to mobile sensors to personal devices, our industry-leading solutions deliver the possibilities of data.

CEO: David Goeckeler

Website:

HQ: 5601 Great Oaks Pkwy San Jose, 95119-1003 California

Related News