Nike and KB Home beat profits; Tesla’s “Battery Day”.

Market indexes snapped their recent losing streak on Tuesday during the regular session; on the S&P 500 and Nasdaq, this is the first of the last five days in which quotations close in the green. Testimony on Capitol Hill on the need for more government stimulus, as the Fed chairman and Treasury secretary laid out their near-term goals. During the day, the leader was the Nasdaq, +1.7% to 10,964; The S&P 500 gained 1% to 3,315; the small Russell 2000 rebounded with a gain of 0.8% to just under 1,500; and the Dow rose 0.52% on the day to 27,288.

A lot of attention was paid to “Battery Day”. Tesla’s TSLA, which will be broadcast live following the annual shareholder meeting late Tuesday. Although the stock has sold off 5.6% ahead of the new installment – which is expected to showcase ways to further reduce battery costs (they are already lower than those of their main competitors) at a potential price of less than $100 per kilowatt hour – Tesla stock is still one of the biggest year-to-date winners, +390%.

Nike NKE more than doubled its fiscal first-quarter earnings reported after the close, with a 95-cent-per-share increase in year-over-year profit compared with an expected loss a year earlier, when the footwear and apparel retailer reported 86 cents per share. Analysts expected only 46 cents in the first quarter. Revenues also missed estimates: $10.59 billion was in a different orbit from the $9.17 billion Zacks Consensus Estimate. The stock rose 8% immediately after the release.

Pent-up demand appears to have gained momentum following an extremely disappointing fourth-quarter report in which Nike reported a 38% sales decline and a negative earnings surprise of -2,600%. This time, digital sales increased by 83% year-on-year, with key market growth in China, South Korea, the UK and Germany. The Zacks Rank #3 (Hold) company (pre-report) has only missed expectations in two quarters since mid-2012. More information on NKE’s earnings can be found here.

Personal online seller of styling products Stitchfix SFIX posted mixed results in its fourth-quarter earnings report on Tuesday afternoon, with a wide financial deficit down to -44 cents per share. Analysts expected -18 cents. Revenues for the quarter, however, were better than expected, coming in at $443 million from the Zacks Consensus Estimate of $415 million. The company now has 3.5 million active customers, up 9% year over year. However, after rising 20% ​​year-to-date, SFIX shares are down 9%, according to the report.

Like Nike, it saw pent-up demand this quarter after a disappointing report on upstart homebuilders KB KBH home page late Tuesday, it saw strong gains in its bottom line and earnings in its third-quarter earnings report. Earnings of 83 cents per share topped analysts’ expectations of 50 cents, while revenue for the quarter of $999 million easily topped the consensus estimate of $896 million. New orders increased 27% year-on-year, reflecting mid-cycle strength in overall household formation. Although the company did not provide guidance, KB Home said that as of early September, results were 32% higher than a year ago.

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