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Dow Jones futures rose modestly Tuesday morning, along with S&P 500 futures and Nasdaq futures. Several top stocks were big movers late on earnings, including Etsy (ETSY), Weight Watchers (WTW), Twilio (TWLO), Ligand Pharmaceuticals (LGND), Turtle Beach (HEAR) and Five9 (FIVN). Etsy stock signaled a breakout past a buy point to a new high. Twilio stock blasted to a record high. Five9 stock aimed at an aggressive entry.
Ligand Pharmaceuticals stock boasts a best-possible 99 Composite Rating, while Etsy stock is at a 97. Five9 stock has a 96 Composite Rating. Turtle Beach stock and Weight Watchers stock weighed in at a 94 CR. Twilio stock has just a 73 CR, but announced a rare profitable quarter, moving ahead of schedule.
Dow Jones futures rose 0.35% vs. fair value. S&P 500 futures were up 0.2%. Nasdaq 100 futures climbed 0.25%. Keep in mind that Dow Jones futures and overnight stock action don't always translate into actual trading in the next regular session.
The Shanghai Composite popped 2.7%, ending a four-day losing streak. Hong Kong's Hang Seng advanced 1.5%.
In Monday's stock market trading, the Dow Jones rose 0.2%, the S&P 500 index 0.35% and the Nasdaq composite 0.6%.
Etsy earnings came in at 3 cents a share, missing adjusted views by a penny. Revenue climbed 30% to $132.4 million, beating recently raised views. The arts-and-crafts online retail platform also guided higher for the second time in a month.
Etsy stock shot up nearly 10% to 46.53 in the premarket, signaling a move above a flat-base buy point of 45.98. The IBD Leaderboard stock climbed 2.1% to 42.43 on Monday.
Twilio earnings of 3 cents a share defied Q2 forecasts for a 6-cent loss. The cloud-based multichannel communications software provider has lost money in every quarter aside from a 1-cent gain at the end of 2016. Twilio may be transitioning to profitability a little early. Analysts had expected a break-even Q3 and a 1-cent gain in Q4.
Revenue shot up 54% to $147.8 million, easily beating views and the second straight quarter of accelerating growth.
Twilio stock shot up 16.5% to 73.70, signaling a move past its July peak and its 70.96 all-time high set in September 2016.
Weight Watchers earnings of $1.01 a share easily beat views for 90 cents. The weight-loss company also raised EPS guidance. But revenue of $409.7 million missed views for $412 million.
Weight Watchers stock fell 3.8% early Tuesday. Shares had been fighting for support around its 50-day/10-week lines.
Ligand earnings surged 287% to $2.59 a share with sales blasting 221% higher to $90 million. That crushed views for adjusted Ligand earnings of 67 cents a share on $28 million in sales. The biotech also gave bullish guidance.
Analysts polled by Zacks Investment Research had called for adjusted earnings of 93 cents a share on $60 million in sales.
Ligand stock wasn't active overnight but was indicated higher. The IBD 50 stock hit a record 235.04 on July 19.
The maker of headsets for video game players reported revenue of $60.8 million, up 218% and well above views for $47.9 million. Turtle Beach earnings hit 40 cents a share vs. a 56-cent loss a year earlier. Analysts expected a 2-cent loss.
Turtle Beach stock rose nearly 10% to 33.30 in the premarket. Shares hit a record 32.60 on Friday, but fell 6.1% to 30.35 on Monday.
Turtle Beach stock ended last year at 1.81.
Five9 earnings of 11 cents a share beat views for a 4-cent gain and a year earlier break-even quarter. Revenue climbed 28% to $61.1 million vs. views for $56 million. Five9's earnings and revenue guidance also were raised.
Five9 stock leapt almost 10% to 38.40. That signals a move back above its 50-day line and an aggressive entry of 37.20. Five9 stock has a conventional entry of 39.65.
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