These 4 Companies Outperforming 97% Of Stocks Just Reported Earnings; S&P 500, Dow Jones, Nasdaq Futures | Stock News & Stock Market Analysis

Futures for the S&P 500 index, Nasdaq 100 and Dow Jones industrial average were little changed early Wednesday morning. Meanwhile, payments firm Square (SQ), Amazon (AMZN) rival Etsy (ETSY), business software maker Workday (WDAY) and aerospace components supplier Heico (HEI) all reported earnings late.


Square, Etsy, Workday and Heico all have Composite Ratings of 95 or above. The Composite Rating combines several IBD proprietary ratings of fundamental and technical factors. All-time stock winners often have Composite Ratings of at least 95 near the start of their big runs.

Square and Heico have 99 Composite Ratings. Etsy has a 98 CR and Workday 97.

The S&P 500, Nasdaq composite and Dow Jones all lost more than 1% in Tuesday’s trading, as new Fed chief Jerome Powell raised fears of four or more rate hikes in 2018.

S&P 500 and Nasdaq 100 futures advanced a fraction vs. fair value. Dow Jones futures were essentially flat vs. fair value.


Square earned 8 cents a share, up 60% vs. a year earlier, beating views by 1 cent, according to Zacks Investment Research. Revenue rose 36% to $616 million, modestly topping. Square guided Q2 profit views lower.

Shares of the digital payments processor were up and down in after-hours action, sinking 2% late. Shares fell 1.4% to 45.91 during Tuesday’s stock market trading.

Square is close to a cup-with-handle buy point of 47.60, though the stock’s recent climax-like run in late 2017 is troublesome.

The relative strength line, which tracks a stock’s performance vs. the S&P 500 index, is not at highs but is already above the peak of the handle.


The online retailer of arts and crafts and handmade goods earned 36 cents a share adjusted, crushing views for 8 cents and reversing a year-earlier 19-cent loss. Etsy revenue climbed 24% to $136.2 million, the third straight quarter of accelerating growth and also topping.

Etsy initially struggled to grow in the ever-looming presence of Amazon but has found its footing.

Shares shot up 15% to 24.18 in late trading. That suggests that the stock will blast above a 21.96 buy point at Wednesday’s open.

The stock’s RS line is not far from recent highs and is likely to move into new-high ground if the stock surges Wednesday.


The cloud-based human resources and financial services software maker retreated nearly 3% in late trading after hitting a record high intraday, closing up 0.3% to 128.21.

Workday earned 28 cents a share, beating views by 7 cents. But that’s the sixth straight quarter that Workday has topped views by at least 7 cents, so investors may have already priced in a big beat.

Revenue rose 32% to $582.5 million, also topping.

Subscription revenue leapt 34%. Workday sees 2018 subscription revenue up 27% to 28%.


Heico earned 45 cents a share, up 25% vs. a year earlier and beating views by 6 cents. Revenue rose 18% to $404.41 million, above targets for $394 million. Heico also raised full-year guidance.

Heico shares rose 3.1% to 83.75 in late trading. The stock fell 0.75% to 81.21 during the regular session, consolidating near highs and above its 50-day moving average.


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Originally posted 2019-09-19 23:10:10.


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