| What to watch today: Dow set to drop as Walmart declines on disappointing earnings | | |  | THU, FEB 18, 2021 | | | | AS OF THU, FEB 18, 2021 • 08:31 ET | | Dow Jones Fut | | 31,613.02 | | Current: | 31,422.00 | | Change: | -127.00 | | Impl. Open: | -127.02 | | | S&P 500 Fut | | 3,931.33 | | Current: | 3,909.75 | | Change: | -18.25 | | Impl. Open: | -17.58 | | | NASDAQ 100 Fut | | 13,699.71 | | Current: | 13,591.50 | | Change: | -108.25 | | Impl. Open: | -103.21 | | | Russell 2000 Mini | | 2,256.11 | | Current: | 2,242.60 | | Change: | -12.40 | | Impl. Open: | -10.31 | | | The Labor Department on Thursday morning reported 861,000 new filings for unemployment benefits for last week, nearly 90,000 more than expected. The prior week's initial jobless claims reading was revised higher by 55,000 to 848,000. The four-week moving average was 833,250. (CNBC) | | | | Walmart (WMT) reported fourth-quarter adjusted earnings of $1.39 per share, which fell short of estimates. Revenue grew by 7.3% to a better-than-expected $152.1 billion. The big-box retailer's e-commerce sales in the U.S. grew by 69% and its same-store sales in the U.S. grew by 8.6%. Walmart CEO Doug McMillon said the company will boost U.S. worker wages, raising the average for hourly employees to above $15 per hour. (CNBC) | | | | Life expectancy in the U.S. dropped a staggering one year during the first half of 2020 as the pandemic caused the first wave of coronavirus deaths. Minorities suffered the biggest impact, with Black Americans losing nearly three years and Hispanics, nearly two years, according to preliminary estimates Thursday from the CDC. (AP) | | | | More than 500,000 households in Texas are still without power Thursday morning, according to poweroutage.us, following Sunday night's historic cold and snow that caused the state's worst blackouts in decades. Millions of people were in the dark at the height of the crisis, which was caused by a confluence of factors. (CNBC) | | | Facebook (FB) banned a large swathe of non-news pages in Australia in its attempt to remove news content from its platform. The bans were made by Facebook in response to a drafted new media law in the country that will require online platforms like Google and Facebook to pay news outlets for displaying and linking to their content. (CNBC)
* Facebook will debunk climate change myths, embracing 'arbiter of truth' role (CNBC) | | | | Tesla (TSLA) cut prices for the cheaper versions of its Model 3 and Model Y vehicles, although it raised prices for upper-end models. Shares were down nearly 2% premarket. Tesla has been making various models in its lineup more affordable at a time when legacy automakers are trying to make inroads in the electric vehicle market. (Reuters) | | Bloomin' Brands (BLMN): The restaurant operator's shares are down 4.1% premarket after revenue fell below Street forecasts for its latest quarter. The company behind brands including Outback Steakhouse, Carrabba's Italian Grill and Bonefish Grill, did report a breakeven quarter on an adjusted basis, compared to forecasts of a 2 cents per share loss. | | | | Sleep Number (SNBR): Sleep Number shares are surging 12.7% premarket after it reported quarterly earnings of $2.19 per share, beating the consensus estimate of $1.45, with the mattress retailer's revenue also exceeding estimates. Sleep Number also issued upbeat full-year guidance. | | | | Tanger Factory Outlets (SKT): The shopping center operator is up 3.1% after reporting a breakeven quarter, compared to forecasts of a 2 cents per share loss, while revenue beat estimates as well. Tanger saw an increase in foot traffic during the quarter, although lower occupancy rates continue to weigh on revenue. | | | | Tilray (TLRY): Tilray lost an adjusted 2 cents per share for its latest quarter, smaller than the 15 cent loss expected by Wall Street analysts, while the cannabis producer's revenue was above estimates. The results come ahead of Tilray's planned merger with rival Aphria (APHA), which it expects to close in the second quarter. | | | | Twilio (TWLO): Twilio was up 9.5% premarket after it reported an adjusted profit of 4 cents per share for its latest quarter, surprising analysts who had expected the cloud computing platform provider to report an 8 cents per share loss. Revenue also came in well above Street forecasts, with results helped by recent acquisitions and election-related business as well as what Twilio calls "broad-based diversified strength." | | | | Hormel Foods (HRL): The food producer's stock is up 2.2% premarket after earnings matched estimates at 41 cents per share and revenue beat Wall Street forecasts. Hormel also said it is increasingly optimistic about full-year sales and earnings growth. | | | | Waste Management (WM): Waste Management shares are up 1% premarket after the waste-hauling company beat estimates by 4 cents with an adjusted quarterly profit of $1.13 per share, with revenue beating estimates as well. Waste Management is also raising its dividend by 12 cents on an annual basis to $2.30 per share. | | | | SunPower (SPWR): SunPower doubled consensus estimates with adjusted quarterly earnings of 14 cents per share, although the solar company's revenue fell short of forecasts. SunPower also issued weaker than expected current quarter guidance. | | | | Baidu (BIDU): Baidu saw quarterly revenue come in above analyst projections, with the search engine's ad sales bouncing back and the company's cloud services seeing increased demand. | | | | Nutrien (NTR)" Nutrien reported better-than-expected earnings for its latest quarter, as the Canadian fertilizer maker saw increased demand amid rising crop prices and plans by farmers to plant more acres this year. The stock is up 3.8% premarket. | | | | Fastly (FSLY): Fastly shares are under pressure, down 6.2% premarket, after the cloud-platform provider reported better-than-expected earnings and revenue for its latest quarter but issued a lower than expected forecast. | | |
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