Today's Stock Market News & Events: 10/22/2020

Despite a Federal Reserve "beige book" report noting that most parts of the country are seeing "slight to modest" economic growth, the report that Senate Majority Leader Mitch McConnell is discouraging the administration to agree to a bill for fear of dividing Republicans on major legislation before the election makes the chances of Congress negotiating a pre-election second stimulus appear to be growing slimmer. After trading on both sides of the aisle throughout the day, all three benchmarks pivoted lower in the final hour of trading to close in the red. The Dow Jones Industrial Average (DJI - 28,210.82) lost 0.4% on Wednesday. The S&P 500 Index (SPX - 3,435.56) fell 0.2% for the day yesterday, while the Nasdaq Composite (IXIC - 11,516.69) dropped 0.3%. The Cboe Volatility Index (VIX - 28.65) lost 2.4%.

ICYMI, here's a recap of what the Schaeffer's team served up yesterday:

• The sectors that contrarians should be targeting right now
• Many reasons to target this Chinese video stock
• Signal says that this gold stock could shine even brighter
• Beverage stock flat ahead of quarterly earnings
• Streaming media stock bombarded by options traders post-earnings
• Social media stock nabbed record high after double upgrade
• Cryptocurrency buzz! Call traders pile on to this payment gateway stock
• Is this restaurant stock overpriced ahead of earnings?
• After a lofty upgrade, this auto parts stock rose yesterday

Today will somehow be even busier than yesterday, with initial and continuous jobless claims, as well as existing home sales. Also, AT&T (T), Coca-Cola (KO), Intel, and Southwest Air (LUV) will step into the earnings confessional.

For your convenience, we have rounded up the companies slated to release their earnings today, October 21:

• Abbott Laboratories (NYSE:ABT) discovers, develops, manufactures, and sells health care products worldwide. The FDA granted Emergency Use Authorization to Abbott Laboratories' rapid $5 dollar COVID-19 test last quarter, sending ABT stock soaring. Abbott Labs reported its third-quarter earnings before the bell yesterday.
  • Earnings per share rose 16.67% year over year to $0.98, which beat the estimate of $0.90. Revenue of $8,853,000,000 rose by 9.62% from the same period last year, which beat the estimate of $8,510,000,000.

• Amphenol Corporation (NYSE:APH) designs, manufactures, and markets electrical, electronic, and fiber optic connectors. Amphenol reported its third-quarter earnings before the bell yesterday.
  • Earnings per share rose 14.74% year over year to $1.09, which beat the estimate of $0.87. Revenue of $2,323,000,000 rose by 10.57% year over year, which beat the estimate of $2,030,000,000.

• AutoNation, Inc. (NYSE:AN) operates as an automotive retailer in the United States. AutoNation reported its third-quarter earnings before the bell yesterday.
  • Earnings per share were up 101.69% over the past year to $2.38, which beat the estimate of $1.60. Revenue of $5,405,000,000 declined by 1.03% from the same period last year, which beat the estimate of $5,120,000,000.

• Avery Dennison Corporation (NYSE:AVY) produces and sells pressure-sensitive materials worldwide. Avery Dennison reported its third-quarter earnings before the bell yesterday.
  • Earnings per share were up 15.06% year over year to $1.91, which beat the estimate of $1.53. Revenue of $1,729,000,000 decreased by 1.82% year over year, which beat the estimate of $1,700,000,000.

• Baker Hughes Company (NYSE:BKR) provides a portfolio of technologies and services worldwide. Baker Hughes reported its third-quarter earnings before the bell yesterday.

• Biogen, Inc. (NASDAQ:BIIB) discovers, develops, manufactures, and delivers therapies for treating neurological and neurodegenerative diseases worldwide. Biogen reported its third-quarter earnings before the bell yesterday.
  • Earnings per share fell 3.60% year over year to $8.84, which beat the estimate of $8.13. Revenue of $3,376,000,000 decreased by 6.22% year over year, which beat the estimate of $3,350,000,000.

• BOK Financial Corporation (NASDAQ:BOKF) operates as the financial holding company for BOKF, NA. BOK Financial reported its third-quarter earnings before the bell yesterday.
  • Earnings per share were up 9.50% over the past year to $2.19, which beat the estimate of $1.56. Revenue of $505,909,000 up by 8.67% from the same period last year, which beat the estimate of $481,160,000.

• Cadence Bancorporation (NYSE:CADE) is a financial holding company, through its subsidiary, Cadence Bank, National Association. Cadence Bancorp reported its third-quarter earnings before the bell 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.

• Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) provides information and communications technology solutions for service providers. Ericsson report its third-quarter earnings before the bell yesterday.
  • Earnings per share rose 205.26% year over year to $0.20, which beat the estimate of $0.16. Revenue of $6,477,000,000 rose by 13.37% year over year, which beat the estimate of $6,440,000,000.

• Evercore, Inc. (NYSE:EVR) operates as an independent investment banking advisory firm. Evercore report its third-quarter earnings before the bell yesterday.
  • Earnings per share decreased 11.90% over the past year to $1.11, which beat the estimate of $0.38. Revenue of $408,489,000 declined by 0.01% from the same period last year, which beat the estimate of $320,490,000.

• Flagstar Bancorp, Inc. (NYSE:FBC) operates as a savings and loan holding company for Flagstar Bank, FSB. Flagstar Bancorp reported its third-quarter earnings before the bell yesterday.
  • Earnings per share rose 249.55% year over year to $3.88, which beat the estimate of $2.32. Revenue of $180,000,000 up by 23.29% from the same period last year, which beat the estimate of $174,680,000.

• Healthcare Services Group, Inc. (NASDAQ:HCSG) provides management, administrative, and operating services to the housekeeping, laundry, linen, facility maintenance, and dietary service departments. Healthcare Services Group reported its third-quarter earnings before the bell yesterday.
  • Earnings per share rose 48.00% over the past year to $0.37, which beat the estimate of $0.27. Revenue of $435,947,000 declined by 4.31% from the same period last year, which missed the estimate of $435,970,000.

• The Interpublic Group of Companies, Inc. (NYSE: IPG) provides advertising and marketing services worldwide. Interpublic reported its third-quarter earnings before the bell yesterday.
  • Earnings per share were up 8.16% year over year to $0.53, which beat the estimate of $0.33. Revenue of $2,126,000,000 decreased by 12.80% from the same period last year, which beat the estimate of $1,870,000,000.

• KeyCorp (NYSE: KEY) operates as the holding company for KeyBank National Association. KeyCorp reported its third-quarter earnings before the bell yesterday.
  • Earnings per share fell 14.58% year over year to $0.41, which beat the estimate of $0.37. Revenue of $1,687,000,000 rose by 3.50% year over year, which missed the estimate of $1,690,000,000.

• Knight-Swift Transportation Holdings Inc. (NYSE:KNX) provides truckload transportation services in the United States and Mexico. Knight-Swift reported its third-quarter earnings before the bell yesterday.

• Lithia Motors, Inc. (NYSE:LAD) operates as an automotive retailer in the United States. Lithia Motors reported its third-quarter earnings before the bell yesterday.
  • Earnings per share rose 103.24% year over year to $6.89, which beat the estimate of $5.86. Revenue of $3,620,000,000 rose by 8.64% from the same period last year, which beat the estimate of $3,570,000,000.

• Manchester United plc (NYSE:MANU) owns and operates a professional sports team in the United Kingdom. Manchester United reported its third-quarter earnings before the bell yesterday.
  • Earnings per share were down 17325.00% over the past year to ($27.88), which missed the estimate of ($20.00). Revenue of $105,238,000 declined by 35.42% from the same period last year, which beat the estimate of $100,830,000.

• NASDAQ, Inc. (NASDAQ:NDAQ) operates as a technology company that serves capital markets and other industries worldwide. NASDAQ reported its third-quarter earnings before the bell yesterday.
  • Earnings per share were up 20.47% over the past year to $1.53, which beat the estimate of $1.45. Revenue of $715,000,000 higher by 13.13% from the same period last year, which beat the estimate of $688,020,000.

• NextEra Energy, Inc. (NYSE:NEE) generates, transmits, and distributes electric power in North America. NextEra Energy has made a takeover offer and is in negotiations with Duke Energy Corp. NextEra Energy reported its third-quarter earnings before the bell yesterday.
  • Earnings per share increased 11.30% over the past year to $2.66, which beat the estimate of $2.58. Revenue of $4,785,000,000 declined by 14.12% year over year, which missed the estimate of $5,460,000,000.

• NextEra Energy Partners, LP (NYSE:NEP) acquires, owns, and manages contracted clean energy projects in the United States. NextEra Energy Partners reported its third-quarter earnings before the bell yesterday.
  • Earnings per share increased 11.30% over the past year to $2.66, which beat the estimate of $2.58. Revenue of $4,785,000,000 declined by 14.12% year over year, which missed the estimate of $5,460,000,000.

• Northern Trust Corporation (NASDAQ:NTRS) provides wealth management, asset servicing, asset management, and banking solutions. Northern Trust reported its third-quarter earnings before the bell yesterday.
  • Earnings per share were down 21.89% year over year to $1.32, which missed the estimate of $1.38. Revenue of $1,485,000,000 declined by 3.45% year over year, which beat the estimate of $1,470,000,000.

• Silgan Holdings, Inc. (NASDAQ:SLGN) manufactures and sells rigid packaging for consumer goods products. Silgan Holdings reported its third-quarter earnings before the bell yesterday.
  • Earnings per share increased 36.84% over the past year to $1.04, which beat the estimate of $0.95. Revenue of $1,489,000,000 rose by 12.72% year over year, which beat the estimate of $1,480,000,000.

• Teledyne Tech Incorporated (NYSE:TDY) provides instrumentation, digital imaging, aerospace and defense electronics, and engineered systems. Teledyne Tech will reported its third-quarter earnings before the bell yesterday.
  • Earnings per share decreased 3.50% year over year to $2.48, which beat the estimate of $2.36. Revenue of $749,000,000 decreased by 6.63% from the same period last year, which missed the estimate of $751,040,000.

• Thermo Fisher Scientific, Inc. (NYSE:TMO) provides analytical and other instruments, laboratory equipment, software, consumables, reagents, instrument systems, chemicals, supplies, and services worldwide. Last month, a bullish note from Morgan Stanley pushed TMO stock higher. Thermo Fisher reported its third-quarter earnings before the bell yesterday.
  • Earnings per share were up 91.50% over the past year to $5.63, which beat the estimate of $4.31. Revenue of $8,521,000,000 up by 35.86% from the same period last year, which beat the estimate of $7,650,000,000.

• Verizon Communications, Inc. (NYSE:VZ) offers communications, information, and entertainment products and services. Last month, VZ stock pushed higher on access-increasing acquisition. Verizon report its third-quarter earnings before the bell yesterday.
  • Earnings per share were flat 0.00% year over year to $1.25, which beat the estimate of $1.22. Revenue of $31,543,000,000 declined by 4.11% year over year, which missed the estimate of $31,590,000,000.

• Winnebago Industries, Inc. (NYSE:WGO) manufactures and sells recreation vehicles and marine products. Winnebago reported its third-quarter earnings before the bell yesterday.
  • Earnings per share were up 40.78% over the past year to $1.45, which beat the estimate of $0.90. Revenue of $737,807,000 rose by 39.10% from the same period last year, which beat the estimate of $722,890,000.

• Align Tech, Inc. (NASDAQ:ALGN) manufactures and sells recreation vehicles and marine products. Earlier this month, we dove deep into the fundamentals behind ALGN as a long-term portfolio. Align Tech reported its third-quarter earnings after the market closed on Wednesday.
  • Earnings per share increased 52.03% over the past year to $2.25, which beat the estimate of $0.54. Revenue of $734,144,000 up by 20.88% year over year, which beat the estimate of $514,400,000.

• Brandywine Realty Trust (NYSE:BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States. Brandywine Realty reported its third-quarter earnings after the market closed on Wednesday.

• Brightcove, Inc. (NASDAQ:BCOV) provides cloud-based services for video. Brightcove reported its third-quarter earnings after the market closed on Wednesday.
  • Earnings per share increased 83.33% over the past year to $0.11, which beat the estimate of ($0.02). Revenue of $49,084,000 rose by 3.48% year over year, which beat the estimate of $46,300,000.

• Chipotle Mexican Grill, Inc. (NYSE:CMG) operates Chipotle Mexican Grill restaurants. Yesterday, J.P. Morgan Securities hiked its price target for CMG stock ahead of today's earnings. At the start of the latest quarter, we reported a unique bullish signal that suggested CMG stock had room to run. Chipotle Mexican Grill reported its third-quarter earnings after the market closed on Wednesday.
  • Earnings per share were down 1.57% over the past year to $3.76, which beat the estimate of $3.40. Revenue of $1,601,000,000 up by 14.03% from the same period last year, which beat the estimate of $1,590,000,000.

• Cohen & Steers, Inc. (NYSE:CNS) is a publicly owned asset management holding company. Cohen & Steers reported its third-quarter earnings after the market closed on Wednesday.

• Core Laboratories N.V. (NYSE:CLB) provides reservoir description and production enhancement services and products. Core Labs reported its third-quarter earnings after the market closed on Wednesday.

• Crown Castle International Corp. (NYSE:CCI) owns, operates and leases cells and fiber solutions. Crown Castle reported its third-quarter earnings after the market closed on Wednesday.

• CVB Financial Corp. (NASDAQ:CVBF) operates as a bank holding company for Citizens Business Bank. CVB Financial reported its third-quarter earnings after the market closed on Wednesday.

• Discover Financial Services (NYSE:DFS) operates as a direct banking and payment services company in the United States. Discover Financial Services reported its third-quarter earnings after the market closed on Wednesday.
  • Earnings per share increased 3.81% year over year to $2.45, which beat the estimate of $1.53. Revenue of $2,714,000,000 decreased by 6.41% from the same period last year, which beat the estimate of $2,670,000,000.

• Equifax, Inc. (NYSE:EFX) provides information solutions and human resources business process outsourcing services. Equifax reported its third-quarter earnings after the market closed on Wednesday.

• First Industrial Realty, Inc. (NYSE:FR) is a leading fully integrated owner, operator, and developer of industrial real estate. First Industrial Realty reported its third-quarter earnings after the market closed on Wednesday.

• Globe Life, Inc. (NYSE:GL) provides various life and supplemental health insurance products, and annuities. Globe Life reported its third-quarter earnings after the market closed on Wednesday.
  • Earnings per share rose 1.16% year over year to $1.75, which were in line with the estimate of $1.75. Revenue of $1,195,000,000 rose by 4.73% from the same period last year, which beat the estimate of $1,190,000,000.

• Graco, Inc. (NYSE:GGG) designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. Graco reported its third-quarter earnings after the market closed on Wednesday.
  • Earnings per share rose 31.11% year over year to $0.59, which beat the estimate of $0.42. Revenue of $439,316,000 higher by 9.68% year over year, which beat the estimate of $385,410,000.

• ICON Public Limited Company (NASDAQ:ICLR) designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. ICON plc reported its third-quarter earnings after the market closed on Wednesday.
  • Earnings per share were down 1.15% year over year to $1.72, which beat the estimate of $1.53. Revenue of $701,729,000 decreased by 1.23% from the same period last year, which beat the estimate of $660,790,000.

• Kaiser Alum Corporation (NASDAQ:KALU) manufactures and sells semi-fabricated specialty aluminum mill products. Kaiser Alum will reported its third-quarter earnings after the market closed on Wednesday.
  • Earnings per share decreased 81.87% year over year to $0.33, which beat the estimate of $0.24. Revenue of $255,700,000 declined by 31.80% from the same period last year, which missed the estimate of $257,480,000.

• Kinder Morgan, Inc. (NYSE:KMI) operates as an energy infrastructure company in North America. Kinder Morgan reported its third-quarter earnings after the market closed on Wednesday.
  • Earnings per share were down 4.55% over the past year to $0.21, which were in line with the estimate of $0.21. Revenue of $2,919,000,000 declined by 9.18% year over year, which missed the estimate of $2,940,000,000.

• Lam Research Corporation (NASDAQ:LRCX) designs, manufactures, markets, refurbishes, and services semiconductor processing equipment. Lam Research reported its third-quarter earnings after the market closed on Wednesday.
  • Earnings per share increased 78.30% over the past year to $5.67, which beat the estimate of $5.19. Revenue of $3,177,000,000 up by 46.68% year over year, which beat the estimate of $3,110,000,000.

• Landstar System (NASDAQ:LSTR) provides integrated transportation management solutions. Landstar System reported its third-quarter earnings after the market closed on Wednesday.
  • Earnings per share increased 19.26% over the past year to $1.61, which beat the estimate of $1.37. Revenue of $1,086,000,000 rose by 7.31% from the same period last year, which beat the estimate of $1,020,000,000.

• Las Vegas Sands Corp. (NYSE:LVS) develops, owns, and operates integrated resorts in Asia and the United States. Las Vegas Sands reported its third-quarter earnings after the market closed on Wednesday.
  • Earnings per share decreased 189.33% year over year to ($0.67), which missed the estimate of ($0.59). Revenue of $586,000,000 declined by 81.97% year over year, which missed the estimate of $784,850,000.

• Meritage Homes Corporation (NYSE:MTH) designs and builds single-family homes in the United States. Meritage reported its third-quarter earnings after the market closed on Wednesday.
  • Earnings per share were up 58.66% over the past year to $2.84, which beat the estimate of $2.41. Revenue of $1,138,000,000 higher by 20.95% year over year, which beat the estimate of $1,110,000,000.

• NETGEAR, Inc. (NASDAQ:NTGR) designs, develops, and markets networking and Internet connected products. NETGEAR report its third-quarter earnings after the market closed on Wednesday.
  • Earnings per share were up 73.85% over the past year to $1.13, which beat the estimate of $0.66. Revenue of $378,114,000 up by 42.22% year over year, which beat the estimate of $313,510,000.

• NorthWestern Corporation (NASDAQ:NWE) provides electricity and natural gas to residential, commercial, and industrial customers. NorthWestern reported its third-quarter earnings after the market closed on Wednesday.

• SLM Corporation (NASDAQ:SLM) originates and services private education loans to students and their families to finance the cost of their education in the United States. SLM reported its third-quarter earnings after the market  closed on Wednesday.
  • Earnings per share rose 62.07% over the past year to $0.47, which beat the estimate of $0.08. Revenue of $365,000,000 declined by 9.89% year over year, which beat the estimate of $363,060,000.

• SEI Investments Company (NASDAQ:SEIC) is a publicly owned asset management holding company. SEI Investments reported its third-quarter earnings after the market closed on Wednesday.
  • Earnings per share fell 12.79% year over year to $0.75, which missed the estimate of $0.79. Revenue of $424,927,000 up by 2.08% from the same period last year, which beat the estimate of $418,130,000.

• SL Green Realty Corp. (NYSE:SLG) is a fully integrated real estate investment trust. SL Green Realty reported its third-quarter earnings after the market closed on Wednesday.

• Sterling Bancorp (NYSE:STL) operates as the bank holding company for Sterling National Bank. Sterling Bancorp reported its third-quarter earnings after the market closed on Wednesday.
  • Earnings per share were down 13.46% over the past year to $0.45, which beat the estimate of $0.39. Revenue of $217,824,000 decreased by 2.46% from the same period last year, which missed the estimate of $219,130,000.

• Sun Communities, Inc. (NYSE:SUI) is a real estate investment trust. Sun Communities reported its third-quarter earnings after the market closed on Wednesday.

• TechnipFMC (NYSE:FTI) engages in the oil and gas projects, technologies, and systems and services businesses. TechnipFMC reported its third-quarter earnings after the market closed on Wednesday.

• Tesla, Inc. (NASDAQ:TSLA) designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems. Our proprietary signal says do NOT sweat the TSLA stock pullback. Earlier in the quarter, our Editor-in-Chief, Bernie Schaeffer unpacked Tesla stock's wild week in September. Tesla reported its third-quarter earnings after the market closed on Wednesday.

• Texas Capital Bancshares, Inc. (NASDAQ:TCBI) operates as the bank holding company for Texas Capital Bank, National Association. Texas Capital reported its third-quarter earnings after the market  closed on Wednesday.
  • Earnings per share fell 36.47% over the past year to $1.08, which beat the estimate of $0.59. Revenue of $267,917,000 decreased by 1.67% year over year, which beat the estimate of $255,350,000.

• Trinity Industries, Inc. (NYSE:TRN) provides rail transportation products and services in North America. Trinity Industries reported its third-quarter earnings after the market closed on Wednesday.
  • Earnings per share fell 56.41% year over year to $0.17, which beat the estimate of $0.07. Revenue of $459,400,000 declined by 43.53% from the same period last year, which missed the estimate of $486,280,000.

• Umpqua Holdings Corporation (NASDAQ:UMPQ) operates as the holding company of Umpqua Bank. Umpqua Holdings will reported its third-quarter earnings after the market closed on Wednesday.

• Universal Forest, Inc. (NASDAQ:UFPI) designs, manufactures, and markets wood and wood-alternative products. Universal Forest reported its third-quarter earnings after the market closed on Wednesday.

• Valmont Industries, Inc. (NYSE:VMI) produces and sells fabricated metal products. Valmont reported its third-quarter earnings after the market closed on Wednesday.
  • Earnings per share decreased 4.78% year over year to $1.99, which beat the estimate of $1.72. Revenue of $733,970,000 rose by 6.32% year over year, which beat the estimate of $689,540,000.

• WesBanco, Inc. (NASDAQ:WSBC) operates as the bank holding company for WesBanco Bank, Inc. WesBanco will reported its third-quarter earnings after the closed on Wednesday.
  • Earnings per share were down 7.04% over the past year to $0.66, which beat the estimate of $0.53. Revenue of $120,593,000 up by 25.46% from the same period last year, which missed the estimate of $121,600,000.

• Whirlpool Corporation (NYSE:WHR) manufactures and markets home appliances and related products. The sentiment around this red-hot appliance stock could keep WHR stock spinning higher. Whirlpool reported its third-quarter earnings after the market closed on Wednesday.
  • Earnings per share rose 74.06% year over year to $6.91, which beat the estimate of $3.75. Revenue of $5,291,000,000 higher by 3.93% year over year, which beat the estimate of $4,610,000,000.

• Wintrust Financial Corporation (NASDAQ:WTFC) manufactures and markets home appliances and related products. Wintrust Financial reported its third-quarter earnings after the market closed on Wednesday.

• Xilinx, Inc. (NASDAQ:XLNX) designs and develops programmable devices and associated technologies worldwide. Xilinx reported its third-quarter earnings after the market closed on Wednesday.
  • Earnings per share were down 12.77% year over year to $0.82, which beat the estimate of $0.74. Revenue of $766,535,000 decreased by 8.02% year over year, which beat the estimate of $755,130,000.

Looking ahead, the Markit Manufacturing Purchasing Managers Index (PMI) and the Markit Services PMI and will be released, with no earnings of note to be released tomorrow. 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.