Steelcase Stock Forum

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$Steelcase(SCS.US)$ — Shares of the office furniture company jumped nearly 6% on Wednesday evening following a strong earnings report for its most recent quarter. Both adjusted earnings per share and revenue were higher than analysts estimated, according to FactSet. Steelcase also issued guidance for the current quarter that was higher than Wall Street’s projections.
$MillerKnoll(MLKN.US)$ — MillerKnoll, another furniture company, saw shares decline ...

Gapping up
$Steelcase(SCS.US)$ +3% (Steelcase gained 3% in the premarket after the office furniture maker reported better-than-expected quarterly earnings and issued an upbeat profit forecast. Steelcase’s quarterly revenue fell short of Wall Street forecasts as did its revenue forecast, however, but its backlog of orders is 3% higher than it was a year ago.
$Lucid Group(LCID.US)$ +5.81% (the electric vehicle maker raised more than $1....

Gapping up
In reaction to earnings/guidance:
• $Deutsche Bank(DB.US)$ +5.6%, $Salesforce(CRM.US)$ +2.3%, $H.B. Fuller(FUL.US)$ +2.2%, $Trip.com(TCOM.US)$ +0.7%
Other news:
• $Precigen(PGEN.US)$ +3.9% (names new COO)
• $Scorpio Tankers(STNG.US)$ +2.7% (reports it purchased its common shares in the open market and exercised a purchase option for an LR2 product tanker that is currently leased)
• $Marinus Pharmaceuticals(MRNS.US)$ +1.6% (...

Gainers:
• $Aura Biosciences(AURA.US)$ +13.9% (reports topline data from study of AU-011)
• $Hyzon Motors(HYZN.US)$ +8.2% (to collaborate with $Schlumberger(SLB.US)$ in decarbonizing oil & gas field operations with high-power fuel cells)
• $Apogee Enterprises(APOG.US)$ +6.3% (In reaction to earnings/guidance)
• $GMS Inc(GMS.US)$ +6% (In reaction to earnings/guidance)
• $Darden Restaurants(DRI.US)$ +4.2% (In reaction to earnings/gui...

Monday
Earnings: $Lennar Corp(LEN.US)$
10:00 a.m. NAHB survey
Tuesday
Earnings: $FedEx(FDX.US)$ , $Adobe(ADBE.US)$ , $AutoZone(AZO.US)$ , $Cracker Barrel Old Country Store Inc(CBRL.US)$ , $Aurora Cannabis(ACB.US)$ , $Stitch Fix(SFIX.US)$
FOMC begins 2-day meeting
8:30 a.m. Housing starts
8:30 a.m. Current account
Wednesday
Earnings: $General Mills(GIS.US)$ , $KB Home(KBH.US)$ , $BlackBerry(BB.US)$ , $Steelcase(SCS.US)$
10:00 a.m. Existing home sales
2:00 p.m. Federal Reserve statement
2:30 p.m. Fed Chairman Jerome Powell briefing
Thursday
Earnings: $Nike(NKE.US)$ , $Costco(COST.US)$ , $Vail Resorts(MTN.US)$ , $Trip.com(TCOM.US)$ , $Darden Restaurants(DRI.US)$ , $Accenture(ACN.US)$ , $Rite Aid Corp(RAD.US)$ , $Scholastic Corp(SCHL.US)$
8:30 a.m. Weekly jobless claims
9:45 a.m. Manufacturing PMI
9:45 a.m. Services PMI
10:00 a.m. Leading indicators
Friday
Earnings: $Carnival(CCL.US)$
8:45 a.m. Cleveland Fed President Loretta Mester
10:00 a.m. New home sales
10:00 a.m. Fed Chairman Jerome Powell, Vice Chairman Richard Clarida, Fed Governor Michelle Bowman at Fed Listens event
10:00 a.m. Kansas City Fed President Esther George