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Amazon Prime Day promotions start today

This last full week of June will bring a lot of economic data. Investors will hear news from several presidents of the Federal Reserve’s Open Market Committee (FOMC) throughout the week, especially after the Fed’s recent decision propelled stock prices higher. Meanwhile, there will be a handful of notable quarterly reports to unzip this week, including CarMax (KMX), Darden Restaurants (DRI), FedEx (FDX), and Nike (NKE).

After a wild triple witch Friday at the end of last week, no economic data should be released today. Amazon Prime Day kicks off today and is also launching promotions for other major retailers.

The following company will publish its quarterly results today, June 21:

Luminex Corp. (NASDAQ: LMNX – $ 36.79) develops, manufactures, and markets proprietary biological test technologies and products with applications across the life sciences and diagnostics industries. Luminex will announce its results for the second quarter of 2021 after the market closes.

The following companies released their quarterly results last week:

Commercial Metals Co. (NYSE: CMC – $ 31.35) produces, recycles and manufactures steel and metal products as well as related materials and services. Commercial Metals reported earnings per share (EPS) for the quarter of $ 1.04, beating the consensus estimate of $ 0.83 by $ 0.21. The company had revenue of $ 1.85 billion for the quarter, compared to analyst estimates of $ 1.74 billion.

Jabil Inc. (NYSE: JBL – $ 56.56) offers manufacturing services and solutions worldwide. Jabil reported earnings per share of $ 1.30 for the quarter, beating the consensus estimate of $ 1.04 by $ 0.26. The company had revenue of $ 7.21 billion for the quarter, compared to the consensus estimate of $ 6.95 billion.

The Kroger Co. (NYSE: KR – $ 37.55) operates as a retailer in the United States. Kroger reported $ 1.19 EPS for the quarter, beating the consensus estimate of $ 0.99 by $ 0.20. The company had revenue of $ 41.30 billion for the quarter, compared to analyst estimates of $ 39.87 billion.

Adobe Inc. (NASDAQ: ADBE – $ 543.33) operates as a diversified software company worldwide. Adobe reported earnings per share of $ 3.03 for the quarter, beating the consensus estimate of $ 2.81 by $ 0.22. The company had revenue of $ 3.84 billion for the quarter, compared to analyst expectations of $ 3.73 billion.

Smith & Wesson Brands Inc. (NASDAQ: SWBI – $ 20.55) develops, manufactures and sells firearms worldwide. Smith & Wesson Brands reported $ 1.71 EPS for the quarter, beating analysts’ consensus estimates of $ 1.02 by $ 0.69. The company had revenue of $ 322.95 million for the quarter, compared to analyst expectations of $ 259.80 million.

Looking ahead to tomorrow, Tuesday will bring home sales as well as an update from Federal Reserve Chairman Jerome Powell. All economic data presented here are preliminary and subject to change.

In case you missed it last week, SChaeffer’s Market Mashup podcast released a brand new episode last week that continues our partnership with Cboe Global Markets!

Henry Schwartz and Robert Hocking from Cboe talk to Patrick Martin von Schaeffer about the biggest mistakes options traders make early on. We learn the lessons they would give their past (1:33), Rob’s five most common mistakes he sees in options traders (4:11), Henry’s own list (7:16), the broader rise in market participation by retailers Trader (15:00) and how to educate yourself (19:25). Schaeffer’s Market Mashup podcast comes out roughly twice a month, so be sure to subscribe so you don’t miss the next episode drop!

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