Dow Futures Remain Unchanged, Roku Gains 11.1% After Strong Earnings
For the most part, the stock futures in the USA remain little changed as the trading range was very narrow. At the end of the trading day, the retail sales data from the US was released, which improved the investor's sentiment.
But despite the retail sales release,e the Nasdaq 100 Futures, S&P 500 Futures, & Dow Jones Futures only had a trading range of around 0.1%.
During the extended trading hours, Roku saw a boost of 11.% after improved revenue and decreased loss. As per the reports, the losses during Q4 were only 1.70/share as compared to expectations of $1.72/share.
Similarly, the revenue was $867.1 million against the expected value of $802.12 million. To say that Roku has surprised the market with this stellar result wouldn't be wrong at all.
Positive Earnings From CSCO, ROKU, And TWLO
If we look around, Cisco Systems (CSCO) was also up by 3.2% after its 2nd quarterly EPS touched $0.88 as compared to expectations of $0.85. And the actual revenue was $13.60 billion against the expected value of $13.41 billion.
Similarly, Twilio also jumped 12.5% higher after posting an EPS of around $0.22 for Q4. And the revenue for TWLO was around $1.02 billion, while the markets were expected to have a value of $1 billion only.
Shopify, which is listed on the NYSE, was down by 9.8% after reporting a much better EPS than the market's expectations. When compared with Cisco & Twilio, that's an additional case considering Shopify even had a better revenue figure of $1.73 billion against expectations of $1.65 billion.
Looking ahead, we have the producer price index, housing starts, jobless claims data, and the Philadelphia Fed Manufacturing index releases. In addition, two Fed officials (Bullard & Mester) will also give speeches later today.
Meanwhile, some big companies will also release their earning reports later today, such as Nestle, Applied Materials, Hasbro, Dropbox, and Doordash Inc.
Overall, the Dow Jones added 0.1% or 38.8 points to the index. As for the S&P 500, the increase was 0.3% or around 11.5 points. As for the bond markets in the USA, the 10-year note's yield was hovering at 3.815%.