Markets Mostly Up; Big Afternoon For Earnings

Image Source: Markets needed to fight off some early morning doldrums, closing in the green for three of the four major indexes today. The Dow and the S&P 500 both registered new all-time closes today, +0.28% and +0.57%, respectively. The Nasdaq grew by +0.63% while the small-cap Russell 2000 slid -0.73% on the session.We saw Case-Shiller home prices come down unexpectedly for September to +4.6% in the 20-city survey. New York City reported the highest home price change for the month at +7.5%, followed by Cleveland at +7.1% and Chicago at +6.9%. The South saw its coolest sales growth of the year, at +2.8%. Consumer Confidence for November headlined surpassed expectations earlier today, posting 111.7 versus 111.0 expected and 108.7 reached in the year-ago quarter. Finally, minutes to the last Federal Open Market Committee (FOMC) were released from when the Fed last reduced interest rates to 4.50-4.75%.

Heavy Earnings Deluge at the Close

Shares of tech specialist Ambarella ( – ) are up +25% following its Q3 earnings report this afternoon. Earnings of 11 cents per share was nicely ahead of the 4 cents in the Zacks consensus, of $82.7 million in sales which beat the $79 million anticipated, +63% year to date. Shares had been just +13% year to date and have already lapped this already in today’s late trading.Crowdstrike ( – ) beat on both top and bottom lines this afternoon — earnings of 93 cents per share launched past the 81 cents expected and 82 cents per share reported in the year-ago period. Revenues of $1.1 billion in the quarter and upwardly revised sales guidance for the present quarter were not enough to keep the stock from skidding -3% in the red in late trading. Shares are up +45% year to date.Dell Technologies ( – ) posted a mixed report today, beating on earnings by 9 cents to $2.15 per share on revenues of $24.37 billion which came in slightly beneath the $24.56 billion expected. The company reported it has $4 billion in AI business backlog and had earned an in-line $11.37 billion on infrastructure. Yet shares are down -5%, perhaps on the revenue miss.Hewlett-Packard ( – ) missed on both top and bottom lines by narrow margins today — earnings of 93 cents was short by a penny; $1.4 billion is just under the $1.411 billion expected. Full-year guidance is in line with previous estimates. However, shares had dumped -10% on the news and are back to -7% after the initial impact subsides.Urban Outfitters ( – ) shares are up +6% on beats to both top and bottom lines. Earnings of $1.10 per share went notably beyond the 83 cents anticipated or $1.36 billion in revenues outpacing the $1.33 billion estimate. Anthropologie and Free People stores outperformed the namesake Urban Outfitters stores in the quarter.And Nordstrom ( – ) posted healthy numbers for its Q3 this afternoon, with earnings of 33 cents per share surpassing expectations by a solid dime on revenues of $1.36 billion, ahead of the $1.33 billion in the Zacks consensus. Shares are down -1% in late trading at this hour, but +34% year to date.More By This Author:Dow And Small-Caps Close At New All-Time HighsTop Research Reports For Eli Lilly, PepsiCo & Morgan StanleyMarkets Mixed Monday: NVIDIA Forecast And More