- XP was the biggest decliner Friday after giving up 18.75% Cognex (down 12.96%), Dropbox (down 11.44%) also underperformed Friday.
- Asia-Pacific markets are currently mixed so far this session.
The President's Day holiday means US markets are closed up until today. In the last trading session before President's Day, markets completed a mixed session Friday, as Nasdaq closed at 11,800, a 0.58% change. Dow Jones ended the session at 33,827 after a 0.39% gain.
US traders are set to return to their desks today. Meanwhile, elsewhere in equities, Asia-Pacific markets are in session with varied performances.
Digital Realty Trust Inc & Watsco, Inc. have released their earnings reports with Advance Auto Parts Inc & Axon Enterprise, Inc. are set to publish their respective reports as scheduled.
Data to be released today might clear up some of the market fog as as things stand, upcoming United States Crude Oil Inventories data is projected to fall short of market expectations with newly published data of 1.17 million, following on from the preceding figure of 16.28 million. New data is set to be published Thursday. United States Initial Jobless Claims projected to decline to 200,000 while previous data was 194,000; data will be released Thursday. United States Existing Home Sales (Jan) is expected today at 15:00 UTC.
With price action largely muted in Friday's session, several assets struggled to find momentum as XP lost 18.75% Friday before closing at $12.91. Cognex (down 12.96%), Dropbox (down 11.44%) also underperformed Friday.
XP | Currently down 18.75% at $12.91
- After hitting an important low of $12.91 approximately 4 days ago, the Brazilian wealth manager has bounced back 23.08% since.
- XP's bearish run has lasted 3 days so far (-31 cents).
XP hit a significant low of $12.91 around 4 days ago, but has since recovered 23.08%. So far this year, it has been under-performing the Nasdaq by 17.23%. The Brazilian wealth manager's market cap currently stands at $7.24 billion with an average daily volume of 5.26 million shares.
Friday's fall added to a 3 day bearish run, during which Cognex lost $1.06. Daily trading volume (3.15 million shares) increased, making up 394% of the 21-day average (799,014). Cognex disclosed a quarterly dividend of 7 cents per share on Thursday, November 3rd that was paid on Friday, December 2nd to all shareholders of record up until Friday, November 18th. Based on current prices, the company's decision thereby provides Cognex investors with an annual dividend yield of 0.582%.
Cognex was down, even though its quarterly earnings released on Thursday beat the analysts’ estimates. The reported earnings of 0.27 per share on revenue of $239.43 million, topping estimates of 0.25 per share on revenue of $194.83 million.