Benzinga | Aug 13, 2020 10:07AM EDT

Morning Market Stats in 5 Minutes

Movers

Indices

* S&P 500 ETF (NYSE:SPY) fell 0.20% to $336.62.

* Nasdaq ETF (NASDAQ:QQQ) rose 0.29% to $272.65.

* Dow Jones Industrial Average ETF (NYSE:DIA) decreased 0.30% to $279.13.

* FTSE/Xinhua China 25 ETF (NYSE:FXI) increased 0.02% to $42.89.

* FTSE Europe ETF (NYSE:VGK) remained unchanged at at $54.97.

Commodities

* United States Oil ETF (NYSE:USO) remained unchanged at at $30.55.

* Gold ETF (NYSE:GLD) remained unchanged at at $179.15.

Bonds

* 20+ Yr Treasury Bond ETF (NASDAQ:TLT) fell 0.18% to $165.29.

Industries

* Retail ETF (NYSE:XRT) increased 0.02% to $51.07.

* Energy (NYSE:XLE) fell 0.80% to $38.27.

* Technology (NYSE:XLK) increased 0.14% to $114.05.

* Financial (NYSE:XLF) fell 0.71% to $25.06.

Stocks Higher

* Tesla (NASDAQ:TSLA) increased 2.74% to $1597.50.

* China Unicom (NYSE:CHU) rose 18.87% to $7.37.

* Revolve Group (NYSE:RVLV) rose 14.83% to $22.29.

Stocks Lower

* Cisco Systems (NASDAQ:CSCO) fell 10.72% to $42.95.

* ZTO Express (Cayman) (NYSE:ZTO) fell 5.24% to $35.05.

* Varex Imaging (NASDAQ:VREX) decreased 24.57% to $12.07.

Top News

* White House Advisor Kudlow Says Heavy Borrowing Is Necessary To Fight Pandemic; Says Stimulus Talks Are At 'Stalemate' https://www.benzinga.com/node/17071517

* Kandi America Partners With Wrench To Offer Luxury Mobile Repair Service For Electric Vehicles https://www.benzinga.com/node/17071374

* Piper Sandler Maintains Neutral on Murphy Oil, Raises Price Target to $15 https://www.benzinga.com/node/17071314

* RedBall Acquisition Shares Expected To Open For Trade Today; IPO Priced At $10/Share https://www.benzinga.com/node/17071567

* Tapestry shares are trading higher after the company reported better-than-expected Q4 EPS and sales results. The stock has reversed and is now trading lower. https://www.benzinga.com/node/17068503

Upcoming Earnings

* Applied Materials (NASDAQ:AMAT) will release earnings today for Q3. Last year, for the same quarter, they reported an EPS of $0.74 and revenue of $3,562,000,000. Analysts predict the revenue to be around $4,180,000,000 and the EPS to be at $0.95.

* Baidu (NASDAQ:BIDU) will release earnings today for Q2. Last year, for the same quarter, they reported an EPS of $1.47 and revenue of $3,835,000,000. Analysts predict the revenue to be around $3,690,000,000 and the EPS to be at $1.37.

Earnings Recap

* Azul (NYSE:AZUL) released earnings for Q2, better than analyst estimates. They reported an EPS of -$0.44, and revenue of 74,818,000.In the same quarter last year, they reported an earnings per share of $0.78 and revenue of $654,425,000.

* Fly Leasing (NYSE:FLY) reported earnings today for Q2, lower than consensus estimates. They reported an earnings per share of $0.37, and sales of 79,962,000. Last year, for the same quarter, they reported an EPS of $1.92 and revenue of $147,033,000.

* WESCO International (NYSE:WCC) released earnings for Q2, higher than analyst estimates. They reported an EPS of $1.04, and revenue of 2,087,000,000.In the same quarter last year, they reported an earnings per share of $1.45 and revenue of $2,150,000,000.

* Brookfield Asset Mgmt (NYSE:BAM) reported earnings today for Q2, lower than consensus estimates. They reported an earnings per share of -$0.43, and sales of 12,829,000,000. Last year, for the same quarter, they reported an EPS of $0.36 and revenue of $16,924,000,000.

* Tapestry (NYSE:TPR) reported earnings today for Q4, better than consensus estimates. They reported an earnings per share of -$0.25, and sales of 714,800,000. Last year, for the same quarter, they reported an EPS of $0.61 and revenue of $1,514,000,000.