Today’s stock market news and events: 06/21/2021

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Amazon Prime Day promotions start today

This last full week of June will bring a lot of economic data. Investors will listen to updates from several Federal Open Market Committee (FOMC) chairs throughout this week, especially after the recent Fed move that sent stocks soaring. Meanwhile, there will be a handful of notable quarterly reports to unwrap, including CarMax (KMX), Darden Restaurants (DRI), FedEx (FDX), and Nike (NKE), throughout this week.

No economic data is expected to be released today after a Friday of triple wild witchcraft that ended last week. Amazon Prime Day will start today and will also launch promotions for other big box retailers.

The following company is expected to release its quarterly results today, June 21:

Luminex Corp. (NASDAQ: LMNX – $ 36.79) develops, manufactures and markets proprietary bioassay technologies and products with applications across the life science and diagnostic industries. Luminex will release its second quarter 2021 results after market close today.

The following companies released their quarterly results last week:

Commercial Metals Co. (NYSE: CMC – $ 31.35) manufactures, recycles and manufactures steel and metal products, as well as related materials and services. Commercial Metals reported earnings per share (EPS) of $ 1.04 for the quarter, beating the consensus estimate of $ 0.83 by $ 0.21. The company posted revenue of $ 1.85 billion for the quarter, compared to analysts’ estimates of $ 1.74 billion.

Jabil Inc. (NYSE: JBL – $ 56.56) provides manufacturing services and solutions around the world. Jabil reported earnings per share of $ 1.30 for the quarter, beating the consensus estimate of $ 1.04 by $ 0.26. The company posted revenue of $ 7.21 billion for the quarter, compared to a consensus estimate of $ 6.95 billion.

The Kroger Co. (NYSE: KR – $ 37.55) operates as a retailer in the United States. Kroger reported EPS of $ 1.19 for the quarter, beating the consensus estimate of $ 0.99 by $ 0.20. The company posted revenue of $ 41.30 billion for the quarter, compared to analysts’ estimates of $ 39.87 billion.

Adobe Inc. (NASDAQ: ADBE – $ 543.33) operates as a diversified software company around the world. Adobe reported earnings of $ 3.03 per share for the quarter, beating the consensus estimate of $ 2.81 by $ 0.22. The company posted revenue of $ 3.84 billion for the quarter, compared to $ 3.73 billion expected by analysts.

Smith & Wesson Brands Inc. (NASDAQ: SWBI – $ 20.55) designs, manufactures and sells firearms around the world. Smith & Wesson Brands reported EPS of $ 1.71 for the quarter, beating analyst consensus estimates of $ 1.02 by $ 0.69. The company posted revenue of $ 322.95 million for the quarter, compared to $ 259.80 million expected by analysts.

Looking ahead to tomorrow, Tuesday will bring existing home sales, as well as an update from Federal Reserve Chairman Jerome Powell. All economic dates listed here are provisional and subject to change.

In case you missed it last week, SChaeffer’s Market Mashup podcast released a brand new episode last week continuing our partnership with Cboe Global Markets!

Henry Schwartz from Cboe and Robert Hocking join Patrick Martin from Schaeffer to discuss the biggest mistakes options traders make early on. We learn the lessons they would teach their pasts (1:33), Rob’s top five mistakes he sees options traders making (4:11), Henry’s own list (7:16) , the biggest increase in market participation from traders (3:00 p.m.) and how to learn more (7:25 p.m.). Schaeffer’s Market Mashup podcast comes out about twice a month, so be sure to subscribe to avoid missing the next episode!

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