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Tesla earnings better-than-expected

  
Analysis, US Market

Earnings come in at $0.76 vs. estimate of $0.57

Tesla earnings are coming out better-than-expected with EPS at $0.76 vs. estimates of $0.57.
  • Revenues $8.77 billion vs. estimate $8.36 billion
  • 3rd quarter free cash flow $1.4 billion vs. $418 million quarter on quarter
The stock is trading up 3.3% at $437
Whirlpool also smashed earnings estimates on both the top and bottom lines and reinstated 2020 guidance
  • Revenues $5.29 billion vs. $4.76 billion estimate
  • earnings per share come in at $6.91 vs. $4.20 estimate. Dividend was up
  • reinstated 2020 guidance  expected $17.50 to $18 EPS vs. $13.50 estimate
  • increased dividend to a $1.25
Whirlpool shares are up 9% in after-hours trading

Major US indices close lower on the day and near the lows of the day

  
Analysis, US Market

Up and down trading day on stimulus hopes

The major US indices are ending the session with modest declines – but near the lows – in what has been an up and down session spurred on by the coronavirus stimulus talks out of Washington.
The final numbers are showing:
  • S&P index -7.64 points or -0.22% at 3435.48
  • NASDAQ index -31.799 points or -0.28% at 11484.69
  • Dow industrial average -98.1 points or -0.35% at 28210.69
The major indices gave up earlier gains.
  • The S&P index was up 21.74 points at the high
  • The NASDAQ index is up 97.3 points at the high
  • The Dow industrial average was up 141 points at the high
Tesla will report Q3 results after the bell (at about 4:20 PM ET)
  • earnings-per-share expected at $0.57
  • revenues expected at $8.36 billion
Also reporting after the close are Chipotle, CSX, Whirlpool, and Sands.
European indices today also close lower across the board and near their session lows. The UK FTSE 100 and Italian MIB was the weakest of the majors.

Up and down trading day on stimulus hopes_

NASDAQ index lower for the 5th straight day. The Dow and S&P down for the 4th day in 5 days

  
Analysis, US Market

NASDAQ index on track for the longest winning streak since August 2019

The NASDAQ index closed lower for the 5th consecutive day

  • Stocks close near session lows
  • All 11 sectors in the S&P closed lower
  • S&P and Dow close down for the 4th out of 5 days
  • the NASDAQ index has its longest losing streak since August 2019
the final numbers are showing:
  • S&P index fell for -56.89 points or -1.63% to 3426.92
  • NASDAQ index fell -192.67 points or -1.65% to 11478.88
  • Dow fell -410.89 points or -1.44% to 28195.42
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