Dow Jones Today Jumps, Nasdaq Lags After July Payrolls Surprise; DraftKings, Groupon, Monster Rally On Earnings
Posted Date: August 06 2021
Stock futures turned more sharply mixed Friday, as the Dow gained and Nasdaq slumped after a stronger-than-expected July payrolls report. Earnings news remained the focus, with Textainer Group and IBD 50 stock Carvana rising near buy points. China stocks rebounded to end a week of erratic trade. And financials jumped to the top of the Dow Jones today, driving Dow Jones futures to the head of premarket trade.
Dow Jones futures climbed 0.2%, S&P 500 futures rose 0.1% above fair value. Nasdaq 100 futures slipped 0.1%, as Moderna (MRNA) and Illumina (ILMN) fell hardest among Nasdaq 100 stocks, down about 1.5% apiece. IBD 50 Stock To Watch Moderna crushed analyst targets in its Q2 report on Thursday. Illumina also delivered a beat-and-raise report.
China-based stocks bounced to the top of the Nasdaq 100, with Pinduoduo (PDD), Trip.com (TCOM) and Baidu (BIDU) trading high on the list. Also on the Nasdaq, Monster (MNST) jumped 2.7%, after turning in a solid second-quarter sales and earnings win. Shares fell in eight of nine sessions ahead of earnings, leaving the stock 8% below a 99.34 buy point.
Media names were in motion on earnings, with News Corp. (NWS) up 7% to lead the S&P 500, after trimming losses and reporting a 30% revenue jump in its second quarter. Gannett (GCI) scored an early 5.2% gain, reporting a Q2 revenue and earnings surprise and a 41% jump in digital-only subscribers
Container freight lessor Textainer Group Holdings (TGH) scrambled almost 5% higher on earnings news. The stock closed Thursday 11% below a cup base buy point at 36.29.
Century Casinos (CNTY) and DraftKings (DKNG) were up sharply after early Friday earnings reports. Data center operator Switch (SWCH) soared 16% on raised guidance after a mixed Q2 report late Thursday. Groupon (GRPN) also spiked more than 16% following a strong second-quarter report.
Floor & Decor (FND), Cloudflare (NET) and Paylocity (PCTY) reported earnings after Thursday close. Under Armour (UA), Cross Country Healthcare (CCRN) and Harmonic (HLIT) posted three of the S&P 500's largest gains for the week through Thursday. Capri Holdings (CPRI) and Power Integrations (POWI) were rising below buy points.
Dow Jones futures climbed 0.2%, S&P 500 futures rose 0.1% above fair value. Nasdaq 100 futures slipped 0.1%, as Moderna (MRNA) and Illumina (ILMN) fell hardest among Nasdaq 100 stocks, down about 1.5% apiece. IBD 50 Stock To Watch Moderna crushed analyst targets in its Q2 report on Thursday. Illumina also delivered a beat-and-raise report.
China-based stocks bounced to the top of the Nasdaq 100, with Pinduoduo (PDD), Trip.com (TCOM) and Baidu (BIDU) trading high on the list. Also on the Nasdaq, Monster (MNST) jumped 2.7%, after turning in a solid second-quarter sales and earnings win. Shares fell in eight of nine sessions ahead of earnings, leaving the stock 8% below a 99.34 buy point.
Media names were in motion on earnings, with News Corp. (NWS) up 7% to lead the S&P 500, after trimming losses and reporting a 30% revenue jump in its second quarter. Gannett (GCI) scored an early 5.2% gain, reporting a Q2 revenue and earnings surprise and a 41% jump in digital-only subscribers
Container freight lessor Textainer Group Holdings (TGH) scrambled almost 5% higher on earnings news. The stock closed Thursday 11% below a cup base buy point at 36.29.
Century Casinos (CNTY) and DraftKings (DKNG) were up sharply after early Friday earnings reports. Data center operator Switch (SWCH) soared 16% on raised guidance after a mixed Q2 report late Thursday. Groupon (GRPN) also spiked more than 16% following a strong second-quarter report.
Floor & Decor (FND), Cloudflare (NET) and Paylocity (PCTY) reported earnings after Thursday close. Under Armour (UA), Cross Country Healthcare (CCRN) and Harmonic (HLIT) posted three of the S&P 500's largest gains for the week through Thursday. Capri Holdings (CPRI) and Power Integrations (POWI) were rising below buy points.
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