Earnings/Guidance (Full Earnings Calendar):
Adtalem Global Education (ATGE) misses by $0.21, misses on revs; guides FY22 EPS below consensus, revs below consensus
Ares Capital (ARCC) beats by $0.02
Argo Group (ARGO) expects net adverse prior year reserve development to be $130-140 mln for Q4
Assurant (AIZ) beats by $0.18, reports revs in-line
Atmos Energy (ATO) beats by $0.01, reports revs in-line; guides FY22 EPS in-line; increases annual dividend 8.8% to $2.72/share
Avaya Holdings (AVYA) misses by $0.27, misses on revs; guides MarQ EPS below consensus, revs in-line; guides FY22 EPS below consensus, revs in-line
Azenta (AZTA) beats by $0.08, beats on revs; guides MarQ EPS in-line, revs in-line
Belden (BDC) beats by $0.06, beats on revs; guides Q1 EPS below consensus, revs below consensus; guides FY22 EPS in-line, revs below consensus
Blackstone Mortgage Trust (BXMT) beats by $0.14
Bunge (BG) beats by $0.62, beats on revs; guides FY22 EPS below consensus
Cameco (CCJ) beats by $0.05, beats on revs
Canopy Growth (CGC) beats by $0.04, beats on revs
CDW (CDW) beats by $0.15, beats on revs
Chefs’ Warehouse (CHEF) beats by $0.07, beats on revs; guides FY22 revs in-line
Chipotle Mexican Grill (CMG) beats by $0.29, reports revs in-line, comps +15.2%; increase long term location goal to 7,000+ restaurants in North America; accelerates unit growth forecast to +8-10%
CME Group (CME) beats by $0.02, misses on revs
CNO Financial (CNO) beats by $0.27, beats on revs
Compass Minerals (CMP) misses by $0.09, misses on revs, lowers FY22 adjusted EBITDA guidance
Container Store (TCS) beats by $0.07, beats on revs; guides MarQ EPS below consensus but revs above consensus
Corsair Gaming (CRSR) beats by $0.10, beats on revs; guides FY22 revs in-line
Criteo (CRTO) beats by $0.35, reports revs in-line; guides Q1 revs below consensus
Crown (CCK) beats by $0.12, beats on revs; guides Q1 EPS above consensus; guides FY22 EPS above consensus
CVS Health (CVS) beats by $0.10, beats on revs; guides FY22 EPS in-line, reduces low end of cash flow from operations guidance
Deciphera Pharmaceuticals (DCPH) misses by $0.11, beats on revs
Digital Turbine (APPS) beats by $0.06, beats on revs; guides Q4 EPS above consensus, revs in-line
Douglas Emmett (DEI) misses by $0.01, reports revs in-line; guides FY22 FFO in-line
Doximity (DOCS) beats by $0.17, beats on revs; guides MarQ revs in-line; guides FY23 revs above consensus
EastGroup (EGP) beats by $0.04, reports revs in-line; guides FY22 FFO in-line
Enphase Energy (ENPH) beats by $0.14, beats on revs; guides Q1 revs above consensus
Equinor (EQNR) reports Q4 results; updates outlook
Esco Tech (ESE) reports EPS in-line, misses on revs; reaffirms FY22 EPS guidance, revs guidance
FleetCor (FLT) beats by $0.13, beats on revs; guides Q1 EPS in-line, revs in-line; guides FY22 EPS in-line, revs above consensus
FMC Corp (FMC) beats by $0.15, beats on revs; guides Q1 EPS in-line, revs in-line; guides FY22 EPS in-line, revs in-line, authorizes new $1.0 bln share repurchase program
Fox Corporation (FOXA) beats by $0.09, beats on revs
GlaxoSmithKline (GSK) beats by GBP0.03, reports revs in-line
GlobalFoundries (GFS) beats by $0.07, beats on revs; guides Q1 EPS above consensus, revs above consensus
Healthcare Services Group (HCSG) misses by $0.11, reports revs in-line
Healthpeak (PEAK) reports FFO in-line, beats on revs; guides FY22 FFO in-line
Highwoods Prop (HIW) beats by $0.08, beats on revs; guides FY22 FFO in-line
Honda Motor (HMC) reports nine-month results; raises outlook
Hub Group (HUBG) beats by $1.05, beats on revs; guides FY22 EPS above consensus, revs above consensus
i3 Verticals (IIIV) beats by $0.03, beats on revs; guides FY21 EPS in-line, revs in-line
ICHOR Corporation (ICHR) misses by $0.01, misses on revs; guides Q1 EPS in-line, revs in-line
II-VI (IIVI) beats by $0.06, misses on revs; guides Q3 EPS in-line, revs below consensus
Inspire Medical Systems (INSP) beats by $0.37, beats on revs; guides FY22 revs above consensus
Jack Henry (JKHY) beats by $0.18, beats on revs; guides FY22 EPS above consensus, revs above consensus
Laureate Education (LAUR) sees Q4 and FY22 revs above consensus
Liberty Oilfield Services (LBRT) misses by $0.14, reports revs in-line
Lithia Motors (LAD) beats by $1.33, beats on revs
Lyft (LYFT) beats by $0.01, beats on revs, achieves new quarterly record for contribution margin, adjusted EBITDA comes in at high end of guidance range
Mandiant (MNDT) beats by $0.03, beats on revs; guides Q1 EPS below consensus, revs below consensus; guides FY22 EPS below consensus, revs below consensus
Model N (MODN) beats by $0.07, beats on revs; guides Q2 EPS in-line, revs in-line; guides FY22 EPS in-line, revs in-line
MSG Entertainment (MSGE) reports Q2 (Dec) results, misses on revs
Nabors Industries (NBR) misses by $2.25, misses on revs
National Retail Properties (NNN) beats by $0.05, beats on revs; raises FY22 FFO above consensus
NCR Corp (NCR) beats by $0.06, reports revs in-line; guides Q1 EPS below consensus, revs in-line; guides FY22 EPS in-line, revs in-line; exploring strategic alternatives
New Relic (NEWR) misses by $0.01, beats on revs; guides MarQ EPS below consensus, revs in-line
Omnicom (OMC) beats by $0.24, beats on revs
Onto Innovation (ONTO) beats by $0.12, beats on revs; guides Q1 EPS above consensus, revs above consensus
Paycom Software (PAYC) beats by $0.03, beats on revs; guides Q1 revs above consensus; guides FY22 revs above consensus
Penske Auto (PAG) beats by $0.26, beats on revs
Performance Food Group (PFGC) beats by $0.09, reports revs in-line; guides Q3 revs above consensus; guides FY22 revs in-line
Perion Network (PERI) beats by $0.12, beats on revs; raises FY22 guidance
Qiagen (QGEN) beats by $0.14; guides FY22 EPS above consensus, revs in-line
QuinStreet (QNST) misses by $0.02, misses on revs; guides Q3 revs below consensus; guides FY23 revs below consensus
Radware (RDWR) reports EPS in-line, beats on revs
Reynolds Consumer Products (REYN) beats by $0.02, reports revs in-line; guides Q1 EPS below consensus, revs in-line; guides FY21 EPS in-line, revs above consensus
ScanSource (SCSC) beats by $0.18, beats on revs; guides FY22 revs above two analyst estimate
SITE Centers (SITC) beats by $0.03, beats on revs; guides FY22 FFO in-line
StepStone Group (STEP) beats by $0.07, beats on revs
Steris (STE) beats by $0.16, reports revs in-line; guides FY22 EPS above consensus, raises constant currency organic revenue growth to +11%
Teva Pharma (TEVA) beats by $0.04, misses on revs; guides FY22 EPS below consensus, revs below consensus
Toyota Motor ™ reports nine-month results; sees FY revs below consensus
Trimble (TRMB) misses by $0.01, beats on revs; guides FY22 EPS below consensus, revs in-line
Trinseo (TSE) beats by $0.04, beats on revs
Triumph Group (TGI) beats by $0.01, misses on revs; raises FY22 EPS guidance; lowers FY22 rev guidance
Valvoline (VVV) beats by $0.03, beats on revs; guides FY22 EPS in-line, reaffirms FY22 revs guidance
Varex Imaging (VREX) misses by $0.03, misses on revs; guides Q2 EPS in-line, revs in-line
Voya Financial (VOYA) beats by $0.40
XPO Logistics (XPO) beats by $0.36, beats on revs; guides FY22 EPS above consensus
Yum! Brands (YUM) misses by $0.07, reports revs in-line
Yum China (YUMC) misses by $0.20, misses on revs
General News:
- Dr. Anthony Fauci says US is heading out of the “full blown” pandemic phase. He is hopeful all pandemic restrictions will end over the coming months, but those decisions will be made at a local or state level, according to Financial Times
- Dr. Anthony Fauci says that an average young “healthy person” might only need a COVID-19 booster every 4-5 years, according to FT
- Illinois plans to remove mask mandate on March 1 for public places with the exception of schools as the state plans to appeal judge’s ruling against school mask mandate. Chicago will announce a decision for its mask mandates later, according to ABC News
- New York and Oregon will end mask mandates, but it’s unclear if schools will have their separate mandates dropped, according to the New York Times
- Nevada Governor Steve Sisolak will remove mask mandate, according to The Nevada Independent, citing sources
- Protesters against vaccination mandates are blocking key bridge in Canada used for the auto supply chain, according to Bloomberg
- Another trucker protest against vaccination mandates has formed in France, according to NY Times
- Former CEA economist Susan Collins will become the next Boston Fed President
- House passes bill to fund government through March 11, sending it to the Senate where it is expected to pass
- 100 million Americans can now legally bet on Super Bowl, according to Bloomberg
3M (MMM) increases quarterly dividend 0.7% to $1.49/share
Aemetis (AMTX) and Japan Airlines (JAPSY) sign agreement for 90 mln gallons of sustainable aviation fuel
Aerojet Rocketdyne (AJRD) announces successful building and testing of Stored Chemical Energy Propulsion
Aerojet Rocketdyne (AJRD) tests solid rocket motor for LC-TERM Program
Albemarle (ALB) in discussions to expand lithium JV with Mineral Resources
Azul S.A. (AZUL) reports January 2022 traffic
Beam Global (BEEM): Project Vesta selected EV ARC charging power system
BioMarin Pharm (BMRN) to sell the Rare Pediatric Disease Priority Review Voucher for $110 mln
BlackBerry (BB) Chairman/CEO adopted a written stock trading plan
BlackRock (BLK) planning to offer a crypto trading service, according to CoinDesk
Bristol-Myers (BMY) has entered into accelerated share repurchase transactions under agreements to repurchase, in aggregate, $5 bln of Bristol Myers Squibb common stock
CCC Intelligent Solutions (CCCS) has acquired Safekeep; financial terms were not disclosed
ChromaDex (CDXC) announces issuance of new U.S. continuation patent, expanding intellectual property portfolio for nicotinamide riboside
CI Financial Corp (CIXX) makes strategic investment in Newton Crypto
CNB Financial (CCNE) announces upcoming retirement of CEO Joseph B. Bower, Jr.
Cohen & Steers (CNS) reports preliminary assets under management as of January 31 of $102.1 bln
Cryoport (CYRX) expects production to resume at New Prague facility during week of February 14
Digital World Acquisition Corp’s (DWAC) Truth Social will launch next month, according to Fox Business
Ecopetrol (EC) announces the launch of its 2040 strategy and its operational and financial targets for the 2022 - 2024 term
Fidelity Nat’l Info (FIS) announces the promotion of Stephanie Ferris to company President effective Feb. 8
Fluence (FLNC) announces an agreement with The AES Corporation (AES) to employ the AI-powered Fluence IQ Bidding Application to maximize the value of a 1.1 GW portfolio of solar and energy storage projects in the Western United States
Fluor (FLR) announces upcoming retirement of Alan Boeckmann as executive chairman
fuboTV’s (FUBO) Fubo Gaming announces market access agreement with Cleveland Cavaliers
Genie Energy (GNE) resumes quarterly dividend at $0.075/share; authorized the gradual repurchase of its Series 2012-A Preferred Stock
Guess? (GES) issues statement in response to letter from Legion Partners
Herc Holdings (HRI) increases quarterly dividend to $0.575/share from $0.50/share
IGM Biosciences (IGMS) announces its progress in two Phase 1 clinical trials evaluating IGM-6268
II-VI (IIVI) announces that it shipped its 400G ZR+ QSFP-DD-DCO transceivers, the world’s first with 0 dBm output power, to Windstream Wholesale for field qualification
Mandiant (MNDT) announces new strategic alliance with SentinelOne (S)
Microsoft (MSFT) is announcing a new set of open app store principles that will apply to the Microsoft Store on Windows and to the next-generation marketplaces the company will build for games
Missfresh Ltd.: (MF) compared with pre-holiday sales levels, the gross merchandise value generated on its platform doubled during the Chinese New Year holiday
Peloton (PTON) new CEO, Barry McCarthy tells employees he is 'here for the comeback story", according to CNBC
Primerica (PRI) increases quarterly dividend to $0.55/share from $0.47/share
Radius Health (RDUS) receives FDA orphan drug approval for treatment of angelman syndrome
Rivian (RIVN) and Samsung (SSNLF) partnership has ended, according to Digitimes
Roblox (RBLX): National Football League teams up with Roblox to expand metaverse presence with NFL Tycoon Experience
Samsung (SSNLF) unveils the Samsung Galaxy S22 Ultra, Samsung Galaxy S22 and Samsung Galaxy S22+
Sanofi (SNY): Olipudase alfa shown to provide sustained improvement across multiple clinical manifestations of ASMD
Siemens AG (SIEGY) reached an agreement to sell the mail and parcel business of Siemens Logistics GmbH to the Krber Group
Silence Therapeutics (SLN) announced positive topline results in its phase 1 single-ascending dose study of SLN360
Spotify (SPOT): Joe Rogan refused $100 mln from video site Rumble, according to Variety
Southwest Air (LUV) and the Transport Workers Union reach a tentative agreement for the over 400 dispatch employees
Teradata (TDC) announces a $250 mln accelerated repurchase program with JPMorgan Chase (JPM)
Tesla (TSLA): California aiming to file lawsuit against Tesla over alleged discrimination, according to Reuters
US Ecology (ECOL) agrees to be acquired by Republic Services (RSG) for $48/share in cash
Velodyne Lidar (VLDR) won a patent challenge brought by competitor Quanergy (QNGY)
Vodafone PLC (VOD): Iliad reportedly offered more than 11 bln for VOD’s Italian unit, according to FT
Vuzix (VUZI) has contracted Base Logistics to provide third-party logistics support for the expansion of the Company’s European operations and business needs
XPeng (XPEV) announces inclusion of its shares in the Shenzhen-Hong Kong Stock Connect Program
Yamana Gold (AUY) Reports Updated Mineral Reserves and Mineral Resources Underpinning Increasing Mine Lives Across Its Portfolio
Upgrades:
Admiral Group (AMIGY) upgraded to Buy from Hold at HSBC Securities
Advanced Micro (AMD) upgraded to Buy from Outperform at Daiwa Securities; tgt raised to $150
Dassault Systemes (DASTY) upgraded to Neutral from Sell at UBS
Enphase Energy (ENPH) upgraded to Buy from Hold at Craig Hallum
GDS Holdings (GDS) upgraded to Overweight from Equal-Weight at Morgan Stanley; tgt $60
Karyopharm Therapeutics (KPTI) upgraded to Neutral from Underweight at JP Morgan; tgt $8
MP Materials (MP) upgraded to Buy from Hold at The Benchmark Company; tgt $47
Penn Natl Gaming (PENN) upgraded to Positive from Neutral at Susquehanna; tgt raised to $65
Tenet Healthcare (THC) upgraded to Buy from Hold at Truist; tgt $90
Thomson Reuters (TRI) upgraded to Outperform from Sector Perform at RBC Capital Mkts; tgt lowered to $120
Vale S.A. (VALE) upgraded to Outperform from Neutral at Exane BNP Paribas; tgt $20.50
Downgrades:
Argo Group (ARGO) downgraded to Neutral from Buy at Compass Point; tgt $47.50
Argo Group (ARGO) downgraded to Outperform from Strong Buy at Raymond James; tgt lowered to $60
Big Lots (BIG) downgraded to Underweight from Neutral at JP Morgan; tgt lowered to $31
Incyte (INCY) downgraded to Underperform from Mkt Perform at SVB Leerink; tgt lowered to $56
Willis Towers Watson (WTW) downgraded to Equal Weight from Overweight at Wells Fargo; tgt lowered to $240
Others:
BigBear.ai (BBAI) initiated with a Mkt Perform at William Blair
Cvent (CVT) initiated with a Neutral at JP Morgan; tgt $8
Constellation Energy (CEG) initiated with an Overweight at KeyBanc Capital Markets; tgt $51
Core & Main (CNM) resumed with a Neutral at Citigroup; tgt $25
Gevo (GEVO) initiated with a Buy at Citigroup; tgt $5
Hippo (HIPO) initiated with a Mkt Outperform at JMP Securities; tgt $4
ICHOR Corporation (ICHR) resumed with an Outperform at Cowen; tgt lowered to $50
R1 RCM (RCM) initiated with a Buy at Deutsche Bank; tgt $30
Safehold (SAFE) initiated with an Overweight at Morgan Stanley; tgt $150
TPG Inc. (TPG) initiated with a Market Perform at BMO Capital Markets; tgt $34
Tyler Tech (TYL) initiated with a Buy at Truist; tgt $550
Veritone (VERI) initiated with a Buy at BofA Securities; tgt $22
Upcoming Events:
Econ data (Wednesday):
8:30 ET: Weekly Initial Claims (Briefing.com consensus 234,000; prior 238,000), Continuing Claims (prior 1.628 mln), January CPI (Briefing.com consensus 0.5%; prior 0.5%), and Core CPI (Briefing.com consensus 0.5%; prior 0.6%)
10:30 ET: Weekly natural gas inventories (prior -268 bcf)
14:00 ET: January Treasury Budget (prior -$21.30 bln)
Treasury Auctions:
13:00 ET: $23 bln 30-yr Treasury bond auction results
Earnings:
Wednesday (Feb. 09)
After-Hours: TWOU AEIS AFG NLY ACGL ASGN BKH CDAY CHX CPA CXW DCP DIOD ENS NVST EQT EFX EQC EEFT RE FR FLNC FWRD ULCC GFL PI IFF IRBT ITT KN RAMP LUMN MFC MAT MDU MESA MGM MC MOH MSI ORLY PEP PPC PAA RPD REXR SGEN SONO SPSC SLF TTMI TWLO TWO UBER UDMY VMEO DIS WTS ZNGA
Thursday (Feb. 10)
Pre-Market: ALNY MT AZN CAMT GOOS ECOM KO CIGI CYBR DDOG DBD DTE DUK FAF GPN GPI HRI HII INMD NSIT IPG K KIM LH LCII LECO LIN MAC MLM MCO PATK PTEN PBF BTU PCG PM PIPR PDS ROLL SSTK SON TPR TTGT TU TUFN TWTR WSO WEX ZBRA
After-Hours: ME AFRM AVLR BIO BL BE BHF ELY CSL CC NET COHU CFLT OFC COUR DVA DXCM EQH EXPE FRT FE FLO FRSH GDDY HUBS ILMN NSP FROG MTD MHK MNTV MPWR NWE PRO QLYS REG RSG SSNC TEX RARE UPWK VRSN VCRA WU YELP ZEN ZG
Friday (Feb. 11)
Pre-Market: AB AXL APO ARES BRKR CAE CLF D ENB ESNT FTS G GT GPRE IAA MGA COOP NBIX NWL NMRK PRLB SXT UAA WPC
After-Hours: None
Full Earnings Calendar
MDU Resources raises FY20 EPS guidanceMDU Resources raises FY20 EPS guidanceMDU Resources raises FY20 EPS guidanceTSA screened 1,284,599 airline passengers on Sunday, highest level since March (higher than any day during the Thanksgiving travel period)TSA screened 1,284,599 airline passengers on Sunday, highest level since March (higher than any day during the Thanksgiving travel period)
Freightcar America provides FY21 metrics and provides FY22 metric guidance