Dow Jones Futures: These Are The 5 Big Stocks Moving On Earnings

Dow Jones futures rose slightly late Thursday, along with S&P 500 futures and Nasdaq futures. Splunk (SPLK), Ross Stores (ROST), Autodesk (ADSK), Intuit (INTU) and VMware (VMW) were active late on earnings reports. Splunk stock shot up toward a buy point in after-hours action, while Autodesk stock signaled a breakout. Ross Stores stock fell back from record highs. VMware stock and Intuit stock retreated after nearing breakouts.


Intuit stock and Ross Stores stock boast 97 Composite Ratings out of a best-possible 99. Splunk stock is at a 92 Composite Rating. VMware stock had an OK 82 CR. Autodesk stock has a mediocre 60 Composite Rating, but is improving as a subscription-based model starts to pay off.

Dow Jones Futures Today

Dow Jones futures climbed about 0.1%. S&P 500 futures rose a fraction. Nasdaq 100 futures advanced 0.1%.

During Thursday’s stock market trading, the Dow Jones fell 0.3% and the S&P 500 index 0.2%. The Nasdaq composite, which nearly topped its July 25 all-time high intraday, faded to close down 0.1%.

Splunk Earnings

Splunk earnings came in at 8 cents a share, flat vs. a year earlier but topping second-quarter views. The data analytics software firm’s revenue rose 39% to $388.3 million, the best gain in six quarters in a generally accelerating trend. Splunk also guided higher for Q3 revenue.

Splunk stock shot up 6.55% to 114.79 in late trading. Shares had closed up 0.8% at 107.73 after reclaiming the 50-day line on Tuesday. Splunk stock has a 121.74 buy point.

Ross Stores Earnings

Ross Stores earnings, revenue and same-store sales all topped forecasts. But Ross’ raised revenue guidance disappointed. Ross Stores stock fell 5.2% in late trade. That would still leave Ross extended from an 84.67 buy point.

Autodesk Earnings

Autodesk earnings came in at 19 cents a share, beating by 3 cents and reversing a year-earlier loss. Sales rose 22% to $612 million, the best top-line growth in years. A shift to a subscription-based model, which depressed earnings and revenue for several quarters, has turned the corner.

The maker of computer-aided-design software also guided up on Q3 revenue.

Autodesk stock popped 7.8% to 146.90 late, signaling a move past a 143.94 flat-base entry.

VMware Earnings

The virtualization software specialist reported revenue of $2.17 billion, up 13% and slightly above views. VMware earnings topped views, helped by an investment gain.

VMware stock fell 3.7% to 149. Shares closed Thursday at 154.77, working toward a 163.10 buy point in a shallow cup base.

Intuit Earnings

Intuit earnings and revenue topped fiscal Q4 views easily. But the maker of TurboTax and QuickBooks software guided low on Q1 revenue as well as Q1 and full-year earnings. Also, Brad Smith will step down as CEO in December but remain chairman. Sasan Goodarzi will take over as CEO.

Intuit stock slid 2.8% in late trading, suggesting a move just below the 50-day line. Shares are close to carving a flat base with a 219.46 buy point. Intuit stock rose 1.3% to 212.45 on Thursday, rebounding from its 50-day line.

Other Notable Earnings

Gap (GPS) earnings topped, but namesake Gap same-store sales fell sharply. Gap stock sold off late.

Veeva Systems (VEEV) earnings and guidance were strong, but Veeva stock edged lower. Veeva is an IBD 50 stock.

Printer and PC giant HP Inc. (HPQ) topped fiscal Q3 profit and sales targets. But HP earnings guidance was light, sending shares lower.


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