Dow Jones Futures: Trade Desk Stock, Acacia Jump On Earnings; Kraft Heinz Stock, Stamps.com Stock Plunge

Dow Jones futures fell slightly Thursday night, along with S&P 500 futures and Nasdaq futures. The current stock market rally had a down session Thursday, ending the Nasdaq’s eight-day win streak. Trade Desk (TTD), Acacia Communications (ACIA) and BioTelemetry (BEAT) were top stocks reporting earnings late. Trade Desk stock shot up, retaking a buy zone along with Acacia stock. BioTelemetry stock crossed below its entry. Meanwhile, Kraft Heinz stock and Stamps.com stock plunged to multi-year lows. Kraft Heinz (KHC) missed views and disclosed an SEC probe, and Stamps.com (STMP) gave terrible 2019 guidance as it ends its U.S. Postal Service alliance.




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BioTelemetry stock boasts a best-possible 99 IBD Composite Rating. Trade Desk stock has a 98 CR and Intuit stock a 95. Acacia stock has a good-not-great 85 CR, reflecting share price and earnings woes. Trade Desk stock and BioTelemetry stock are IBD 50 members.

Dow Jones Futures Today

Dow Jones futures fell 0.1% vs. fair value. S&P 500 futures retreated 0.1%. Nasdaq 100 futures slid 0.2%. Remember that overnight action in Dow futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.

Current Stock Market Rally

The current stock market rally ran into some resistance Thursday, with the Nasdaq composite sinking 0.4%, back below its 200-day line. The S&P 500 index lost 0.35%, staying above its 200-day line. The S&P 500 index, Nasdaq and Dow Jones, which slid 0.4%, are all struggling around their short-term peaks of Dec. 3. High-level China trade talks resumed Thursday, with more reports of progress. But the current stock market rally has run up for nearly two months, in part on China trade deal hopes. The Nasdaq just ended an eight-session win streak.

It wouldn’t be surprising to see the current stock market rally pause or pull back for more than a couple of days. So watch your overall portfolio exposure. Don’t let double-digit winners turn into losses and be ready to cut losses short.

Trade Desk Earnings

Trade Desk earnings doubled to $1.09 a share, with revenue rising 56% to $160.5 million. Analysts expected Trade Desk earnings of 80 cents on sales of $147.6 million. Trade Desk guided higher for Q1 and 2019 revenue, though its EBITDA guidance was below some views.

Trade Desk stock shot up 11% to 167.10, vaulting back above a 157.60 handle buy point initially cleared on Tuesday. The chase zone runs to 165.48. If Trade Desk stock gaps above the buy zone, investors can treat the opening price as an entry.

Acacia Earnings

Acacia earnings shot up 52% to 41 cents a share, with sales up 24% to $107.1 million. Analysts expected Acacia earnings of 35 cents on revenue of $102.9 million. For the March quarter, the optical communications device maker forecast profit and revenue at the midpoints, which were above Wall Street views.

Acacia stock rose 3.9% to 49.01, though trading wasn’t especially heavy. That signals a move above a 47.36 buy point. Acacia rose as high as 48.29 intraday, but closed at 47.17, up 1.2%.

Acacia stock would follow Ciena (CIEN), Finisar (FNSR) and Viavi (VIAV) among fiber-optic names clearing buy points in the last several days.

BioTelemetry Earnings

BioTelemetry earnings jumped 75% to 56 cents a share, beating by 13 cents. Revenue grew 13% to $103.6 million, just beating.

BioTelemetry stock fell 5% to 69.68 late. That signals a move below a 70.50 cup-with-handle buy point. BioTelemetry stock cleared that entry on Jan. 31 and hit 80.92 intraday a few days later. Shares are set to erase a 15% gain from the buy point, a fairly strong sell signal.

Kraft Heinz Earnings, SEC Subpoena Slam Stock

Kraft Heinz earnings of 84 cents a share missed by a dime. Revenue edged up to $6.89 billion, just below views. The packaged-food giant also said the SEC has issued a subpoena regarding its accounting. Finally, Kraft Heinz slashed its quarterly dividend to 40 cents a share from 62.5 cents.

Kraft Heinz stock lost 21% late, tumbling to six-year lows.

Stamps.com Earnings Guidance Crushes Stock

Stamps.com earnings of $3.73 a share stamped views by 90 cents. Revenue climbed 28.5% to $170.23 million, comfortably beating. But Stamps.com says it’s ending its partnership with USPS, its top customers. The company now sees 2019 adjusted EPS of $5.15-$6.15, with revenue of $540 million to $570 million. Analysts expect Stamps.com earnings of $10.25 and revenue of $681 million

Stamps.com stock cratered 48.5% in extended trading, signaling a fall to its worst levels in about two years.

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