DGAP-News: Cboe Global Markets, Inc.
Last week, an outpouring of economic reports was quickly digested by Wall Street.
At first glance, it appears the result of these reports showed positive signs. On Aug. 30, for example, the Labor Department reported 4.2 million quits compared to the 4.3 million forecasts. Jobless claims came in at 232,000, compared to the 245,000 median forecasts, and the ISM Manufacturing Index rose to 52.8% compared to the 51.8% estimate.
Interactive Brokers Group Inc. (NASDAQ: IBKR)’s Daily Lineup reports on the actions seen on Friday: “The stock market had a good run in the morning trade that saw the S&P 500, Dow Jones Industrial Average and Nasdaq each gain 1% at their highs. The market had a quick and sharp reversal in the afternoon, however, following a Bloomberg TV report that Gazprom is going to keep the Nord Stream 1 pipeline shut down due to a ‘technical issue’ that involves an oil leak.”
Despite some positive economic data, Cboe Global Markets Inc. (BATS: CBOE) reports that all major indices and exchange-traded funds (ETFs) recorded in this series — bar The Netherlands’ iShares Core DAX UCITS ETF (BIT: EXS1) — have decreased in value over the past week. Cryptocurrencies look to be following suit as well, albeit in a less dramatic fashion.
Lululemon Athletica Inc (NASDAQ: LULU) wins chart of the week following an earnings report that showed stronger-than-expected results and surprised Wall Street analysts.
Finally, Cboe notes earnings reports that may raise investors’ eyebrows in the following week.
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Chart Of The Week: LULU
Shares of athletic apparel retailer Lululemon Athletica Inc. experienced a 7% increase in after-hours following an earnings report that surprised Wall Street analysts.
On Aug. 26, the company reported an earnings per share (EPS) profit of $2.20, which was 18.2% greater than the $1.86 consensus estimate. Despite the economic recession and an expected dilution in retail spending, Lululemon’s revenue maintained growth, generating $1.886 billion – 5.3% higher than consensus estimates.
The S&P500’s 1.05% decline on Friday ushered in clouds on LULU’s otherwise sunny earnings day. The company’s share price failed to hold its significant rise, dropping 3.6% on the day.
Upcoming Earnings Releases
A number of companies report earnings next week, including:
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08.09.2022 CET/CEST Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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