A full rundown of today's market-moving events and a recap of yesterday's earnings beats and misses
Data continues to be released detailing spikes in coronavirus cases around the world, and that data triggered a certified knock-out for the three major stock market benchmarks yesterday. The Dow Jones Industrial Average (DJI - 28,195.42) lost 410.9 points on Monday. The S&P 500 Index (SPX - 3,426.92) fell 56.9 points and the Nasdaq Composite (IXIC - 11,478.88) shed 192.7 points. Wall Street's "fear gauge," the Cboe Volatility Index (VIX), posted its sixth-straight win and highest close in nearly two weeks.
There was a lot going on yesterday so we rounded up the top actionable trade ideas for you to use here:
All investor eyes will be looking at September's housing starts and building permits today, and another full-to-the-brim earnings line-up as earnings season rages on.
For your convenience, we have rounded up the companies slated to release their earnings today, October 20:
- Albertsons Company, Inc. (NYSE:ACI -- $14.38) operates as a food and drug retailer in the United States.
- Albertsons will report its fiscal first-quarter earnings of 2021 before the bell today.
- Canadian Pacific Railway Limited (NYSE:CP -- $322.38) owns and operates a transcontinental freight railway in Canada and the United States.
- Canadian Pacific will report its fiscal second-quarter earnings before the bell today.
- Comerica Incorporated (NYSE:CMA -- $41.22) provides various financial products and services.
- Comerica will report its fiscal second-quarter earnings before the bell today.
- Commerce Bancshares, Inc. (NASDAQ:CBSH -- $58.52) provides retail, mortgage banking, corporate, investment, trust, and asset management products and services. CBSH stock has gone up 2.7% year-to-date.
- Commerce Bancshares will report its fiscal second-quarter earnings before the bell today.
- Dover Corporation (NYSE:DOV -- $112.77) provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services. DOV stock has decreased 4.2% year-over-year.
- Dover will report its fiscal second-quarter earnings before the bell today.
- GATX Corporation (NYSE:GATX -- $68.34) leases, operates, manages, and remarkets assets in the rail and marine markets worldwide.
- GATX will report its fiscal second-quarter earnings before the bell today.
- Graphic Packaging Holding Company (NYSE:GPK -- $14.35) provides paper-based packaging solutions to food, beverage, foodservice, and other consumer products companies. GPK stock is currently up 7.3% year-over-year.
- Graphic Packaging will report its fiscal second-quarter earnings before the bell today.
- IQVIA Holdings, Inc. (NYSE: IQV -- $164.05) provides advanced analytics, technology solutions, and contract research services.
- IQVIA will report its fiscal second-quarter earnings before the bell today.
- Iridium Communications, Inc. (NASDAQ:IRDM -- $28.23) provides mobile voice and data communications services and products.
- Iridium will report its fiscal second-quarter earnings before the bell today.
- Lockheed Martin Corporation (NYSE:LMT -- $383.71) is a security and aerospace company.
- Lockheed Martin will report its fiscal second-quarter earnings before the bell today. LMT stock soared after beating earnings and revenue projects last quarter.
- ManpowerGroup, Inc. (NYSE:MAN -- $72.24) is a security and aerospace company.
- ManpowerGroup will report its fiscal second-quarter earnings before the bell today.
- NVR, Inc. (NYSE:NVR -- $4,251.18) operates as a homebuilder in the United States.
- NVR will report its fiscal second-quarter earnings before the bell today.
- Omnicom Group, Inc. (NYSE:OMC -- $50.84) provides advertising, marketing, and corporate communications services.
- Omnicom will report its fiscal second-quarter earnings before the bell today.
- PACCAR, Inc. (NASDAQ:PCAR -- $91.06) designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks.
- PACCAR will report its fiscal second-quarter earnings before the bell today.
- Pentair plc (NYSE:PNR -- $49.26) provides various smart water solutions worldwide. PNR stock is currently up 11.9% year-over-year.
- Pentair will report its fiscal second-quarter earnings before the bell today.
- Philip Morris International, Inc. (NYSE:PM -- $77.98) manufactures and sells cigarettes, other nicotine-containing products, smoke-free products, and related electronic devices and accessories.
- Philip Morris International will report its fiscal second-quarter earnings before the bell today.
- The Procter & Gamble Company (NYSE:PG -- $141.91) provides branded consumer packaged goods.
- Prologis, Inc. (NYSE:PLD -- $103.02) is a global leader in logistics real estate with a focus on high-barrier, high growth markets.
- Prologis will report its fiscal second-quarter earnings before the bell today.
- Regions Financial Corporation (NYSE:RF -- $12.34) is a financial holding company. RF has gone up 9.9% year-over-year.
- Regions Financial will report its fiscal second-quarter earnings before the bell today.
- Signature Bank (NASDAQ:SBNY -- $85.92) provides various business and personal banking products and services.
- Signature Bank will report its fiscal second-quarter earnings before the bell today.
- Synchrony Financial (NYSE:SYF -- $29.08) operates as a consumer financial services company in the United States.
- Synchrony Financial will report its fiscal second-quarter earnings before the bell today.
- Synovus Financial Corp. (NYSE:SNV -- $23.84) operates as the bank holding company for Synovus Bank.
- Synovus will report its fiscal second-quarter earnings before the bell today.
- The Travelers Companies, Inc. (NYSE:TRV -- $111.84) provides a range of commercial and personal property, and casualty insurance products and services. TRV stock has increased 2.7% year-to-date.
- Travelers will report its fiscal first-quarter earnings before the bell today.
- UBS Group AG (NYSE:UBS -- $11.75) provides financial advice and solutions to private, institutional and corporate client worldwide. UBS stock has gone up 26.7% year-to-date.
- UBS will report its third-quarter earnings before the bell today.
- AVANGRID, Inc. (NYSE:AGR -- $53.93) operates as an energy services holding company in the United States.
- AVANGRID will report its fiscal second-quarter earnings after the market closes today.
- Canadian National Railway Company (NYSE:CNI -- $111.13) engages in the rail and related transportation business.
- Canadian Nat'l Rail will report its fiscal second-quarter earnings after the market closes today.
- Carlisle Companies Incorporated (NYSE:CSL -- $125.45) operates as a diversified manufacturer of engineered products.
- Carlisle Cos will report its fiscal second-quarter earnings after the market closes today.
- First Midwest Banc, Inc. (NASDAQ:FMBI -- $11.85) operates as the bank holding company for First Midwest Bank.
- First Midwest Banc will report its fiscal second-quarter earnings after the market closes today.
- Fulton Financial Corporation (NASDAQ:FULT -- $10.14) operates as a multi-bank financial holding company.
- Fulton Financial will report its fiscal second-quarter earnings after the market closes today.
- Hancock Whitney Corporation (NASDAQ:HWC -- $21.62) operates as the bank holding company for Hancock Whitney Bank.
- Hancock Whitney will report its fiscal second-quarter earnings after the market closes today.
- Healthcare Services Group, Inc. (NASDAQ:HCSG -- $23.41) provides management, administrative, and operating services.
- Healthcare Services Group will report its fiscal second-quarter earnings after the market closes today.
- Hope Bancorp, Inc. (NASDAQ:HOPE -- $7.85) operates as the bank holding company for Bank of Hope.
- Hope Bancorp will report its fiscal second-quarter earnings after the market closes today.
- Interactive Brokers Group, Inc. (NASDAQ:IBKR -- $49.34) operates as an automated electronic broker worldwide.
- Interactive Brokers will report its fiscal second-quarter earnings after the market closes today.
- iRobot Corporation (NASDAQ:IRBT -- $91.38) designs, builds, and sells robots to the consumer market.
- iRobot will report its fiscal second-quarter earnings after the market closes today.
- National Bank Holdings Corporation (NYSE:NBHC -- $29.93) operates as the bank holding company for NBH Bank.
- National Bank will report its fiscal second-quarter earnings after the market closes today.
- Navient Corporation (NASDAQ:NAVI -- $9.74) provides education loan management and business processing solutions.
- Navient will report its fiscal second-quarter earnings after the market closes today.
- Netflix, Inc. (NASDAQ:NFLX -- $530.72) provides subscription streaming entertainment service. NFLX Stock bagged Street-high price-target hike at the beginning of October. It's also worth noting that NFLX stock has been attracting the options bulls in a frenzy as the stay-at-home stock surged earlier this quarter.
- Netflix will report its fiscal second-quarter earnings after the market closes today.
- Pinnacle Financial Partners, Inc. (NASDAQ:PNFP -- $39.52) operates as the bank holding company for Pinnacle Bank.
- Pinnacle Finl will report its fiscal second-quarter earnings after the market closes today.
- Rexford Industrial Realty, Inc. (NYSE:REXR -- $48.55) is a real estate investment trust.
- Rexford Industrial Realty will report its fiscal second-quarter earnings after the market closes today.
- Snap, Inc. (NYSE:SNAP -- $28.66) operates as a camera company in the United States and internationally. Just yesterday, we dug into SNAP stock's fundamentals and identified a major growth opportunity for near-term investors. Plus, earlier in October, we flagged a bullish signal indicating SNAP is poised for more record highs.
- Snap will report its fiscal second-quarter earnings after the market closes today.
- Tenet Healthcare Corporation (NYSE:THC -- $28.19) operates as a diversified healthcare services company.
- Tenet Healthcare will report its fiscal second-quarter earnings after the market closes today.
- Teradyne, Inc. (NASDAQ:TER -- $86.67) designs, develops, manufactures, sells, and supports automatic test equipment worldwide.
- Teradyne will report its fiscal second-quarter earnings after the market closes today.
- Texas Instruments Incorporated (NASDAQ:TXN -- $150.76) designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide.
- Texas Instruments will report its fiscal second-quarter earnings after the market closes today.
- United Comm Banks, Inc. (NASDAQ:UCBI -- $19.06) operates as the bank holding company for United Community Bank.
- United Comm Banks will report its fiscal second-quarter earnings after the market closes today.
- USANA Health Sciences, Inc. (NYSE:USNA -- $77.54) develops, manufactures, and sells science-based nutritional and personal care products.
- USANA will report its fiscal second-quarter earnings after the market closes today.
- W.R. Berkley Corporation (NYSE:WRB -- $61.21) operates as a commercial line writer in the United States and internationally.
- W.R. Berkley will report its fiscal second-quarter earnings after the market closes today.
- WD-40 Company (NASDAQ:WDFC -- $195.75) develops and sells maintenance products, and homecare and cleaning products.
- WD-40 will report its third-quarter earnings after the market closes today.
We have also rounded up the results of all those quarterly earnings reports released on Monday, October 19:
- Halliburton Company (NYSE:HAL) provides a range of services and products to oil and natural gas companies worldwide. HAL is currently down 46.4% year-over-year. Halliburton reported its fiscal second-quarter earnings before the bell yesterday.
- Earnings per share fell 67.65% year over year to $0.11, which beat the estimate of $0.08. Revenue of $2,975,000,000 declined by 46.40% from the same period last year, which missed the estimate of $3,090,000,000.
- HNI Corporation (NYSE:HNI) sells office furniture and hearth products. HNI reported its fiscal second-quarter earnings before the bell yesterday.
- Earnings per share were down 34.26% year over year to $0.71, which beat the estimate of $0.46. Revenue of $507,063,000 decreased by 18.92% from the same period last year, which beat the estimate of $496,500,000.
- Lennox International, Inc. (NYSE:LII) designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets. Lennox reported its fiscal second-quarter earnings before the bell yesterday.
- Earnings per share rose 5.69% over the past year to $3.53, which beat the estimate of $3.15. Revenue of $1,055,000,000 rose by 2.13% from the same period last year, which beat the estimate of $994,450,000.
- Old National Bancorp (NASDAQ:ONB) provides various financial services to individual and commercial customers in the United States. Old National Bancorp reported its fiscal second-quarter earnings before the bell yesterday.
- Earnings per share rose 12.20% over the past year to $0.46, which beat the estimate of $0.33. Revenue of $210,332,000 up by 1.58% from the same period last year, which beat the estimate of $201,890,000.
- Koniklijke Philips N.V. (NYSE:PHG) operates as a health technology company worldwide. PHG is up slightly in 2020, clocking in up 6.3% year-to-date. Philips reported its fiscal second-quarter earnings before the bell yesterday.
- Simmons First National Corporation (NASDAQ:SFNC) provides financial products and services to individuals and businesses. Simmons reported its latest quarterly earnings before the bell yesterday.
- Earnings per share fell 31.03% over the past year to $0.60, which beat the estimate of $0.40. Revenue of $225,461,000 decreased by 3.62% year over year, which beat the estimate of $208,620,000.
- BancorpSouth Bank (NYSE:BXS) provides commercial banking and financial services to individuals and small-to-medium size businesses. BancorpSouth reported its fiscal second-quarter earnings after the market closed yesterday.
- Cadence Design Systems, Inc. (NASDAQ:CDNS) provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. Cadence reported its fiscal second-quarter earnings after the market closed yesterday.
- Earnings per share increased 29.63% year over year to $0.70, which beat the estimate of $0.61. Revenue of $666,607,000 up by 15.01% from the same period last year, which beat the estimate of $641,470,000.
- Crown Holdings, Inc. (NYSE:CCK) designs, manufactures, and sells packaging products and equipment for consumer goods and industrial products. Crown reported its fiscal second-quarter earnings after the market closed yesterday.
- Earnings per share rose 25.64% year over year to $1.96, which beat the estimate of $1.58. Revenue of $3,167,000,000 up by 2.69% year over year, which beat the estimate of $3,040,000,000.
- Equity Lifestyle Properties, Inc. (NYSE:ELS) is a self-administered, self-managed real estate investment trust. Equity Lifestyle Properties reported its fiscal second-quarter earnings after the market closed yesterday.
- F.N.B. Corporation (NYSE:FNB) provides a range of financial services primarily to consumers, corporations, governments, and small- to medium-sized businesses. F.N.B Corp. reported its fiscal second-quarter earnings after the market closed yesterday.
- Hexcel Corporation (NYSE: HXL) develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. Hexcel reported its fiscal second-quarter earnings after the market closed yesterday.
- Earnings per share were down 132.22% over the past year to ($0.29), which missed the estimate of $0.08. Revenue of $286,900,000 decreased by 49.89% year over year, which missed the estimate of $360,990,000.
- International Business Machines Corporation (NYSE:IBM) operates as an integrated solutions and services company worldwide. After reporting positive second-quarter earnings, no fewer than 5 analysts hiked their price targets for IBM stock, boosting the stock right away. We reported on IBM's potential for an ugly October after reviewing the worst stocks to own on the S&P 500 over the past 10 years... and IBM neared the top of the list. IBM reported its fiscal second-quarter earnings after the market closes yesterday.
- Earnings per share decreased 3.73% over the past year to $2.58, which were in line with the estimate of $2.58. Revenue of $17,560,000,000 decreased by 2.60% from the same period last year, which beat the estimate of $17,540,000,000.
- Logitech International S.A. (NASDAQ:LOGI) designs, manufactures, and markets products that helps people connect to digital and cloud experiences. Logitech report edits fiscal first-quarter earnings of 2021 after the market closed yesterday.
- PPG Industries, Inc. (NYSE:PPG) manufactures and distributes paints, coatings, and specialty materials worldwide. PPG reported its fiscal second-quarter earnings after the market closed yesterday.
- Earnings per share increased 15.57% year over year to $1.93, which beat the estimate of $1.92. Revenue of $3,685,000,000 declined by 3.69% from the same period last year, which beat the estimate of $3,650,000,000.
- Steel Dynamics, Inc. (NASDAQ:STLD) operates as a steel producer and metal recycler in the United States. Steel Dynamics reported its fiscal second-quarter earnings after the market closes today.
- Zions Bancorporation, National Association (NASDAQ:ZION) provides various banking and related services. Zions Bancorp reported its fiscal second-quarter earnings after the market closed yesterday.
Looking ahead, the Federal Reserve's "Beige book" is on tap, with earnings from Spirit Airlines (SAVE), Tesla (TSLA), Verizon, and Whirlpool (WHR) slated for release tomorrow, October 21. Remember, all earnings and economic dates listed here are tentative and subject to change. Please check with each company's respective website for official reporting dates.