Despite uncertainties, investors kept hopes high on a COVID-related economic stimulus this week. Riding on the positive sentiments from last week, major US indexes made steady gains throughout the last five trading days. Meanwhile, higher oil prices provided a solid boost to petroleum stocks this week. Both ExxonMobil and Chevron registered 9% gains.
Six companies made their public debut this week. Sports streaming platform fuboTV was the most noted. The company uplisted from OTC market at a share price of $10 and the stock closed its first day at $10.58. The other IPOs were — Presidio Property Trust, Aziyo Biologics, Spruce Biosciences, Shattuck Labs, and Kronos Bio.
The Q4 earnings season kick starts next week, with major banks reporting quarterly financial results, starting Tuesday. Investors will be keenly watching how banks performed in a low interest environment. The quarterly results and market commentary from United Airlines and Delta Air Lines are also likely to move the markets in the upcoming days.
Key Earnings to Watch
Key Corporate Conferences to Watch
Key Investor Days to Watch
Key US Economic Events
The following are notable companies which have reported their earnings last week. In case if you have missed to catch up on their performance, click the respective links to skim through the transcripts to glean more insights.
If you want to listen to how management responds to analyst questions and the tone they use, you can head over to our YouTube channel to listen to conference calls on the go.
Broadcom Limited (NASDAQ: AVGO) reported first quarter 2021 earnings results today. Total revenue increased 14% year-over-year to $6.65 billion. GAAP net income was $1.3 billion, or $3.05 per share, compared
Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million
With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard