Friday, November 10, 2017

Gilat Satellite Network - Chart of the Day

Gilat Satellite Network (GILT) is the Barchart Chart of the Day.  The satellite communications company has a Trend Spotter buy signal, a Weighted Alpha of 76.98+ and gained 82.35% in the last year.

The Chart of the Day belongs to Gilat Satellite Network (GILT).  I found the satellite communications stock by using Barchart to sort today's Top Stocks to Own list first by the most frequent number of new highs in the last month, then again by technical buy signals of 80% or more.  Next I used the Flipchart feature to review the charts for consistent price appreciation.  Since the Trend Spotter signaled a buy on 9/7 the stock gained 35.96%.

Gilat Satellite Networks Ltd. is a global leader in Very Small Aperture Terminal satellite communications technology, manufacturing and service. The company provides end-to-end telecommunications and data networking solutions to customers across six continents. Service offerings include access to satellite transponder capacity, installation of network equipment, on-line network monitoring and network maintenance and repair services.


The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 21.86% in the last month
  • Relative Strength Index 78.55%
  • Technical support level at 7.53
  • Recently traded at 7.75 with a 50 day moving average of 6.48
Fundamental factors:
  • Market Cap $415 million
  • P/E 30.36
  • Although none of the Wall Street analysts are presently making projections on this stock the individual investors on Motley Fool that are following it vote 137 to 5 that the stock will out perform the market


My 5 Favorite Mid Cap Stocks

Today I wanted to find 5 Mid Cap Stocks that not only made great returns in the last year but still seemed to have some more upside momentum.  I used Barchart to sort the S&P 400 Mid Cap Index stocks first for the highest Weighted Alpha, then again for technical buy signals of 80% or more.  Next I used the Flipchart feature to make sure they consistently traded above their 20, 50 and 100 day moving averages.  My Watch List today includes:

Take-Two Interactive (TTWO), IPG Photonics (IPGP), Cognex (CGNX), First Solar (FSLR) and NVR (NVR).

Take-Two Interactive (TTWO)


Barchart technical indicators:

  • 149.15+ Weighted Alpha
  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 9 new highs and up 12.32% in the last month
  • Relative Strength Index 67.54%
  • Technical support level at 113.61
  • Recently traded at 115.24 with a 50 day moving average of 103.82


Barchart technical indicators:
  • 141.76+ Weighted Alpha
  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 15.42% in the last month
  • Relative Strength index 73.08%
  • Technical support level at 214.81
  • Recently traded at 222.44 with a 50 day moving average of 194.42
Cognex (CGNX)


Barchart technical indicators:
  • 137.52+ Weighted Alpha
  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 18 new highs and up 16.38% in the last month
  • Relative Strength Index 79.45%
  • Technical support level at 133.07
  • Recently traded at 136.49 with a 50 day moving average of 118.15
First Solar (FSLR)


Barchart technical indicators:
  • 124.11+ Weighted Alpha
  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 8 new highs and up 29.35% in the last month
  • Relative Strength Index 68.48%
  • Technical support level at 59.88
  • Recently traded at 61.71 with a 50 day moving average of 50.30
NVR Inc (NVR)


Barchart technical indicators:
  • 108.33+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 7 new highs and up 13.25% in the last month
  • Relative Strength Index 68.15%
  • Technical support level at 3234.94
  • Recently traded at 3291.55 with a 50 day moving average of 2970.65

#TTWO #IPGP #CGNX #FSLR #NVR

MORNING CALL 11/10

Barchart Morning Call

OVERNIGHT MARKETS AND NEWS
Dec E-mini S&Ps (ESZ17 -0.38%) this morning are down -0.38% on pessimism U.S. legislators will be able to pass tax reform legislation after the Senate revealed Thursday that its tax plan would delay corporate tax cuts until 2019. The U.S. stock market has rallied sharply this year on expectations meaningful tax cuts would be implemented this year. European stocks are down -0.22% at a 2-week low as they followed U.S. stock indexes lower. Asian stocks settled mostly lower: Japan -0.82%, Hong Kong -0.05%, China +0.14%, Taiwan 0.10%, Australia -0.33%, Singapore -0.11%, South Korea -0.35%, India +0.19%. China's Shanghai Composite bucked the negative trend and rallied to a 1-3/4 year high, led by strength in financial stocks, after the government eased foreign ownership caps on banks and other financial companies.

The dollar index (DXY00 +0.05%) is up +0.09%. EUR/USD (^EURUSD) is up +0.03%. USD/JPY (^USDJPY) is down -0.01%.
Dec 10-year T-note prices (ZNZ17 -0.24%) are down -8.5 ticks at a 1-week low on hawkish comments from San Francisco Fed President Williams who expects a Fed rate hike next month and three more rate hikes next year.
San Francisco Fed President Williams said he expects a Fed rate hike at the Dec FOMC meeting and three more rate hikes in 2018 to return the fed funds rate to "a normal level" of about 2.5%.
UK Sep industrial production rose +0.7% m/m, stronger than expectations of +0.3% m/m and the largest increase in 7 months.
UK Sep manufacturing production rose +0.7% m/m, stronger than expectations of +0.3% m/m and the largest increase in 9 months.
UK Sep construction output fell -1.6% m/m, weaker than expectations of -0.9% m/m and the biggest decline in 1-1/2 years.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) U.S. Nov University of Michigan consumer sentiment expected +0.2 to 100.9, Oct +5.6 to 100.7.
Notable Russell 2000 earnings reports today include: none.
U.S. IPO's scheduled to price today: none.
Equity conferences during the remainder of this week: none.
OVERNIGHT U.S. STOCK MOVERS
Macy's (M +10.98%) was downgraded to 'Short' from no position at Evercore ISI.
Walt Disney (DIS +1.48%) gained over 1% in after-hours trading after it said in a conference call that it is making another trilogy of 'Star Wars' movies to be released after 2020.
Trade Desk (TTD -3.84%) tumbled 11% in after-hours trading after it said it sees Q4 revenue of $101.0 million, below consensus of $101.8 million.
Nvidia (NVDA -1.84%) gained almost 2% in after-hours trading after it reported Q3 revenue of $2.64 billion, higher than consensus of $2.36 billion, and then said it sees Q4 revenue of $2.65 billion plus or minus 2%, better than consensus of $2.44 billion.
Redfin (RDFN +6.91%) fell nearly 7% in after-hours trading after it reported Q3 revenue of $109.5 million, below consensus of $110.7 million.
Nordstrom (JWN +4.52%) lost nearly 1% in after-hours trading after it reported Q3 gross margin of 34.7%, below consensus of 35.1%.
Ichor Holdings Ltd (ICHR -2.07%) dropped over 4% in after-hours trading after it announced that it acquired Talon Innovations in a stock purchase agreement for $130 million.
Hertz Global Holdings (HTZ -4.67%) climbed 7% in after-hours trading after it reported Q3 adjusted EPS of $1.42, better than consensus of $1.33.
Intrexon (XON +0.51%) fell 3% in after-hours trading after it reported Q3 revenue of $46 million, weaker than consensus of $55.1 million.
Dynavax Technologies (DVAX -3.84%) rallied 14% in after-hours trading after the FDA approved its Heplisav-B vaccine for prevention of infection caused by hepatitis B in adults.
Airgain (AIR -0.62%) dropped 6% in after-hours trading after it reported Q3 adjusted EPS of 5 cents, below consensus of 7 cents.
Immunomedics (IMMU +3.06%) jumped over 8% in after-hours trading after the company appointed former president of hematology and oncology at Celgene, Michael Pehl, as CEO.
Lightpath Technologies (LPTH +0.81%) tumbled 14% in after-hours trading after it reported Q1 revenue of $7.6 million, below consensus of $8.4 million.
MARKET COMMENTS
Dec S&P 500 E-mini stock futures (ESZ17 -0.38%) this morning are down -9.75 points (-0.38%). Thursday's closes: S&P 500 -0.38%, Dow Jones -0.43%, Nasdaq -0.53%. The S&P 500 on Thursday closed lower on negative carry-over from a decline foreign equity markets after the Nikkei Stock Index retreated from a 25-3/4 year high and closed lower and after Euro Stoxx 50 fell to a 2-week low. There was also disappointment in the stock market after the Senate revealed that its tax plan would delay cutting corporate taxes until 2019.
Dec 10-year T-note prices (ZNZ17 -0.24%) this morning are down -8.5 ticks at a 1-week low. Thursday's closes: TYZ7 -2.00, FVZ7 +0.50. Dec 10-year T-notes on Thursday closed lower on negative carry-over from a slide in 10-year German bunds to a 1-week low after the European Commission raised its Eurozone 2017 and 2018 GDP estimates, which was hawkish for ECB monetary policy. T-note prices were also undercut by increased inflation expectations after the 10-year T-note breakeven inflation rate rose to a 1-1/2 week high. Losses were limited as the slide in stocks boosted the safe-haven demand for T-notes.
The dollar index (DXY00 +0.05%) this morning is up +0.081 (+0.09%). EUR/USD (^EURUSD) is up +0.0003 (+0.03%) and USD/JPY (^USDJPY) is down -0.01 (-0.01%). Thursday's closes: Dollar Index -0.422 (-0.44%), EUR/USD +0.0047 (+0.41%), USD/JPY -0.40 (-0.35%). The dollar index on Thursday closed lower on the slide in USD/JPY to a 1-week low as the decline in global stocks boosted the safe-haven demand for the yen. The dollar was also undercut by strength in EUR/USD after the European Commission raised its Eurozone GDP forecast. The dollar was also hurt by disappointment in the Senate's tax plan, which delays a corporate tax cut until 2019.
Dec crude oil (CLZ17 -0.10%) this morning is down -3 cents (-0.05%) and Dec gasoline (RBZ17 -0.04%) is +0.0003 (+0.02%). Thursday's closes: Dec WTI crude +0.36 (+0.63%), Dec gasoline -0.0016 (-0.09%). Dec crude oil and gasoline on Thursday settled mixed. Crude oil prices were boosted by a weaker dollar and the European Commission's hike in its Eurozone 2017 GDP estimate, which is positive for energy demand. Gasoline closed lower after the crack spread moved lower, which may curb refinery demand for crude oil to refine into gasoline.
Metals prices this morning are mixed with Dec gold (GCZ17 -0.19%-3.3 (-0.26%), Dec silver (SIZ17 +0.32%) +0.020 (+0.12%) and Dec copper (HGZ17 +0.21%) +0.002 (+0.05%). Thursday's closes: Dec gold +7.9 (+0.62%), Dec silver -0.163(-0.95%), Dec copper -0.0135 (-0.44%). Metals on Thursday settled mixed with Dec copper at a 4-week low. Metals prices were supported by a weaker dollar and by the selloff in global stocks that boosted safe-haven demand for precious metals. Copper closed lower on Chinese demand concerns after Chinese customs data on Tuesday showed China Oct copper imports fell -23% m/m to 330,000 MT.
GLOBAL EVENT CALENDAR11/10/2017
Friday, Nov 10
US1000 ETU.S. Nov University of Michigan consumer sentiment expected +0.2 to 100.9, Oct +5.6 to 100.7.
Monday, Nov 13
US1100 ETUSDA weekly grain export inspections.
1400 ETOct monthly budget statement expected -$50.0 billion, Sep +$8.0 billion.
1600 ETUSDA crop conditions and progress report.
U.S. STOCK CALENDAR11/10/2017
NameTickerTimeDescriptionPeriodEstimate
Equifax IncEFX US08:30Q3 2017 Earnings CallQ3 17
WW Grainger IncGWW US10:00Annual General Meeting
WW Grainger IncGWW US10:00Analyst Meeting
Rayonier IncRYN US10:30Investor Day
Humana IncHUM USInvestor Meeting
Maxim Integrated Products IncMXIM US13:00Annual General Meeting

Thursday, November 9, 2017

PutleGroup - Chart of the Day

PulteGroup (PHM) is the Barchart Chart of the Day.  The home builder has a Trend Spotter buy signal, a Weighted Alpha of 73.90+ and gained 72.23% in the last year.

The Chart of the Day belongs to PulteGroup (PHM).  I found the home building stock by using Barchart to sort today's Top Stock to Own list first by the most frequent number of new highs in the last month and then used the Flipchart feature to review the charts for consistent price appreciation.  Since the Trend Spotter signaled a buy on 8/15 the stock gained 21.70%

Pulte Corporation is a publicly held holding company whose subsidiaries engage in the homebuilding and financial services businesses. The company's significant subsidiaries include Pulte Financial Companies, Inc., Pulte Diversified Companies, Inc., and other subsidiaries which are engaged in the homebuilding business.


The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 18 new highs and up 14.44% in the last month
  • Relative Strength Index 80.33%
  • Technical support level at 30.63
  • Recently traded at 31.07 with a 50 day moving average of 27.55
Fundamental factors:
  • Market Cap $9.09 billion
  • P/E 14.85
  • Dividend yield 1.18%
  • Revenue expected to grow 14.90% this year and another 13.90% next year
  • Earnings estimated to increase 17.70% this year, an additional 30.60% next year and continue to compound at an annual rate of 20.39% for the next 5 years
  • Wall Street analysts issued 2 strong buy, 5 buy, 13 hold and 1 under perform recommendation on the stock

Wednesday, November 8, 2017

Broadridge Financial Solutions - Chart of the Day

Broadridge Financial Solutions (BR) is the Barchart Chart of the Day.  The outsourcing company has a Trend Spotter buy signal, a Weighted Alpha of 52.33+ and gained 37.76% in the last year.

The Chart of the Day belongs to Broadridge Financial Solutions (BR).  I found the outsourcing stock by using Barchart to sort today's Top Stocks to Own list first for the most frequent number of new highs in the last month, then I used the Flipchart feature to review the charts for price appreciation consistency.  Since the Trend Spotter signaled a buy on 8/31 the stock gained 15.81%.

Broadridge is a leading global provider of technology-based outsourcing solutions to the financial services industry. Their integrated systems and services include investor communication, securities processing, and clearing and outsourcing solutions. Broadridge offers a broad, integrated suite of innovative global solutions across the investment lifecycle and provides awide range of cost-effective and scalable solutions to the financial industry. Their systems help reduce the need for clients to make significant capital investments in operations infrastructure, thereby allowing them to increase their focus on core business activities.


The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

  • 100% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 18 new highs and up 10.77% in the last month
  • Relative Strength Index 90.62%
  • Technical support level at 86.97
  • Recently traded at 90.48 with a 50 day moving average of 82.14
Fundamental factors:
  • Market Cap $10.18 billion
  • P/E 27.67
  • Dividend yield 1.68%
  • Revenue expected to grow 2.70% this year and another 4.30% next year
  • Earnings estimated to increase 19.20% this year, an additional 9.70% next year and continue to compound at an annual rate of 11.85% for the next 5 years
  • Wall Street analysts issued 1 buy and 5 hold recommendations on the stock

Universal Display - Chart of the Day

Universal Display (OLED) is the Barchart Chart of the Day.  The electronic component company has a Trend Spotter buy signal, a Weighted Alpha of 173.30+ and gained 203.02% in the last year.

The Chart of the Day belongs to Universal Display (OLED).  I found the electronic component stock by using Barchart to sort today's Top Stocks to Own list first for the highest Weighted Alpha, then used the Flipchart feature to review the charts for consistent price appreciation.  Since the Trend Spotter signaled a buy in 10/12 the stock gained 24.49%.

 Universal Display Corporation is located in the Princeton Crossroads Corporate Center in Ewing, New Jersey, minutes away from its research partner at Princeton University. Universal Display's state-of-the-art facility is designed to further technology and materials development, technology transfer to manufacturing partners and work with customers to develop OLED products that meet their needs.


The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

  • 173.30+ Weighted Alpha
  • 100% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 30.84% in the last month
  • Relative Strength Index 81.39%
  • Technical support level at 163.96
  • Recently traded at 167.57 with a 50 day moving average of 133.99
Fundamental factors:
  • Market Cap $7.88 billion
  • P/E 80.10
  • Dividend yield .07%
  • Revenue expected to grow 50.00% this year and another 24.60% next year
  • Earnings estimated to increase 9450% this year, an additional 34.10% next year and continue to compound at an annual rate of 63.51% for the next 5 years
  • Wall Street analysts issued 2 strong buy, 5 buy and 3 hold recommendations on the stock

Tuesday, November 7, 2017

Morning Call 11/7

Barchart Morning Call

OVERNIGHT MARKETS AND NEWS
Dec E-mini S&Ps (ESZ17 -0.01%) this morning are little changed, down -0.02%, after they rose to a record nearest-futures high in overnight trade. Strength in energy stocks lifted the overall market after Dec WTI crude oil (CLZ17 -0.10%) posted a new 2-1/3 year high in overnight trade. European stocks are down slightly by -0.17% after German Sep industrial production fell more than expected. European stocks were also undercut by disappointing quarterly earnings results from BMW AG and Associated British Foods Plc. Asian stocks settled mostly higher: Japan +1.73%, Hong Kong +1.39%, China +0.75%, Taiwan +0.50%, Australia +1.02%, Singapore +0.92%, South Korea -0.19%, India -1.07%. China's Shanghai Composite climbed to a 1-week high as the rally in crude oil to a 2-1/3 year high boosted Chinese energy stocks. Japan's Nikkei Stock Index soared to a 25-3/4 year high, bolstered by strong corporate quarterly earnings results and by Monday’s rally in USD/JPY to a 7-1/2 month high. Japanese consumer stocks also gained on optimism that consumer spending may improve after Japan Sep labor cash earnings rose +0.9% y/y, its largest increase in 14 months.

The dollar index (DXY00 +0.36%) is up +0.30% at a 1-week high as an increase in the 10-year T-note yield boosts the dollar's interest rate differentials. EUR/USD (^EURUSD) is down -0.36% at a 3-1/2 month low and was pressured by the weaker-than-expected German Sep industrial production. USD/JPY (^USDJPY) is up +0.40%.
Dec 10-year T-note prices (ZNZ17 -0.06%) are down -2 ticks.
German Sep industrial production fell -1.6% m/m, weaker than expectations of -0.9% m/m and the biggest decline in 9 months.
Eurozone Sep retail sales rose +0.7% m/m, stronger than expectations of +0.6% m/m and the largest increase in 11 months.
Japan Sep labor cash earnings rose +0.9% y/y, stronger than expectations of +0.5% y/y and the biggest increase in 14 months. Sep real cash earnings fell -0.1% y/y, stronger than expectations of -0.2% y/y.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) Sep JOLTS job openings (expected -29,000 to 2.053 million, Aug -58,000 to 6.082 million), (2) Fed Governor Randal Quarles speaks at The Clearing House annual conference in New York, (3) Treasury auctions $24 billion of 3-year T-notes, (4) Sep consumer credit (expected +$17.5 billion, Aug +$13.965 billion).
Notable S&P 500 earnings reports today include: Emerson Electrict (consensus $0.82), Marriott (0.99), Welltower (1.06), Royal Caribbean Cruises (3.40), Cboe Global Markets (0.87), Expeditors Intl (0.61).
U.S. IPO's scheduled to price today: CBTX Inc (CBTX), Metropolitan Bank Holding (MCB).
Equity conferences this week: Citi Financial Technology Conference on Mon-Tue, EEI Financial Conference on Mon-Tue, Credit Suisse Health Care Conference on Tue-Wed, Bernstein Technology Innovation Summit on Tue-Wed, Stephens Fall Investment Conference on Tue-Wed, RBC Capital Markets Technology, Internet, Media and Telecommunications Conference on Tue-Wed, Robert W. Baird Global Industrial Conference on Tue-Wed, Wells Fargo Technology, Media & Telecom Conference on Tue-Wed, Deutsche Bank Gaming, Lodging & Leisure Conference on Wed.
OVERNIGHT U.S. STOCK MOVERS
Priceline Group (PCLN +0.45%) tumbled over 9% in after-hours trading after it said it sees Q4 adjusted EPS of $13.40 to $14.00, well below consensus of $15.56.
Weight Watchers International (WTW +0.27%) rallied 10% in after-hours trading after it reported Q3 EPS of 65 cents, higher than consensus of 51 cents, and then said it sees full-year EPS of $1.77 to $1.83, better than consensus of $1.46.
Red Robin Gourmet Burgers (RRGB +0.15%) sank 18% in after-hours trading after it reported Q3 adjusted EPS of 21 cents, well below consensus of 29 cents, and then forecast full-year EPS of $2.16 to $2.31 weaker than consensus of $2.80.
Las Vegas Sands (LVS +1.02%) was upgraded to 'Overweight' from 'Equal Weight' at Morgan Stanley with a price target of $72.
U.S. Silica Holdings (SLCA +3.55%) jumped 6% in after-hours trading after it reported Q3 revenue of 34 million, higher than consensus of $328.9 million.
Veritone (VERI +6.26%) tumbled over 12% in after-hours trading after it reported a Q3 net loss of -$1.31 per share, wider than consensus of -43 cents.
Lowe's (LOW -0.65%) was initiated with a recommendation of 'Overweight' at KeyBanc Capital Markets with a 12-month target price of $98.
Zayo Group Holdings (ZAYO -0.12%) slipped nearly 4% in after-hours trading after it reported Q1 EPS of 9 cents, weaker than consensus of 12 cents.
Tenet Healthcare (THC -3.29%) fell 5% in after-hours trading after it said it sees Q4 adjusted EPS of $1.20 to $1.35, below consensus of $1.55, and then lowered guidance on full-year adjusted EPS to 59 cents-74 cents from a prior view of 69 cents to 99 cents, weaker than consensus of 75 cents.
Avis Budget Group (CAR +1.10%) dropped 11% in after-hours trading after it lowered guidance on full-year adjusted EPS to $2.45 to $2.65 from a prior view of $2.40 to $2.85, weaker than consensus of $2.69.
TripAdvisor (TRIP +1.67%) dropped nearly 9% in after-hours trading after it reported Q3 revenue of $439 million, weaker than consensus of $451.7 million.
Lannett (LCI +2.42%) jumped over 8% in after-hours trading after it said it sees full-year net sales of $710 million to $720 million, well above consensus of $654.9 million.
AMC Entertainment Holdings (AMC +2.52%) slid 7% in after-hours trading after it said it sees 2017 revenue of $5.00 billion to $5.20 billion, the mid-point below consensus of $5.16 billion.
TrueCar (TRUE +1.55%) plunged 26% in after-hours trading after it reported Q3 revenue of $82.4 million, weaker than consensus of $86.9 million, and then forecast full-year revenue of $321 million to $323 million, below consensus of $328.6 million.
Manitowoc (MTW +1.20%) rose nearly 5% in after-hours trading after it reported Q3 revenue of $399.4 million, better than consensus of $385.1 million.
MARKET COMMENTS
Dec S&P 500 E-mini stock futures (ESZ17 -0.01%) this morning are down -0.50 points (-0.02%). Monday's closes: S&P 500 +0.13%, Dow Jones +0.04%, Nasdaq +0.29%. The S&P 500 on Monday climbed to a new record high and closed higher on strength in technology stocks led by a +1.0% gain in Apple to a record high. There was also strength in energy stocks after the price of crude oil climbed +3.07% to a 2-1/3 year high.
Dec 10-year T-note prices (ZNZ17 -0.06%) this morning are down -2 ticks. Monday's closes: TYZ7 +6.50, FVZ7 +2.50. Dec 10-year T-notes on Monday posted a fresh 2-week high and closed higher on carry-over support from a rally in 10-year German bunds to a 1-3/4 month high and on increased safe-haven demand from geopolitical tensions in the Middle East after Saudi Arabia said an attempted missile attack on Riyadh's airport could be an act of war by Iran.
The dollar index (DXY00 +0.36%) this morning is up +0.284 (+0.30%) at a 1-week high. EUR/USD (^EURUSD) is down -0.0042 (-0.36%) at a 3-1/2 month low and USD/JPY (^USDJPY) is up +0.45 (+0.40%). Monday's closes: Dollar Index -0.184(-0.19%), EUR/USD +0.0002 (+0.02%), USD/JPY -0.36 (-0.32%). The dollar index on Monday fell back from a 1-week high and closed lower on increased safe-haven demand for the yen as USD/JPY declined on tensions between Iran and Saudi Arabi after Saudi Arabi said a weekend attempted missile strike at Riyadh's airport could be an act of war by Iran. The dollar was also undercut by the decline in the 10-year T-note yield to a 2-week low, which undercuts the dollar's interest rate differentials.
Dec crude oil (CLZ17 -0.10%) this morning is down -2 cents (-0.03%) and Dec gasoline (RBZ17 -0.51%) is -0.0079 (-0.43%). Monday's closes: Dec WTI crude +1.71 (+3.07%), Dec gasoline +0.0366 (+2.04%). Dec crude oil and gasoline on Monday closed higher with Dec crude at a 2-1/3 year high. Crude oil prices were boosted by geopolitical concerns that may lead to disruption of Middle Eastern crude supplies after Saudi Arabia blamed Iran for an attempted missile attack on Riyadh's international airport and said it could be considered an "act of war."
Metals prices this morning are weaker with Dec gold (GCZ17 -0.39%-4.5 (-0.35%), Dec silver (SIZ17 -1.25%-0.195(-1.13%) and Dec copper (HGZ17 -1.06%-0.032 (-1.00%). Monday's closes: Dec gold +12.4 (+0.98%), Dec silver +0.401 (+2.38%), Dec copper +0.0400 (+1.28%). Metals on Monday closed higher on a weaker dollar and the -1,950 MT decline in LME copper inventories to a 1-3/4 month low of 268,450 MT, a sign of tighter supplies.
GLOBAL EVENT CALENDAR11/07/2017
Tuesday, Nov 7
US1000 ETSep JOLTS job openings expected -32,000 to 6.050 million, Aug -58,000 to 6.082 million.
1235 ETFed Governor Randal Quarles speaks at The Clearing House annual conference in New York.
1300 ETTreasury auctions $24 billion of 3-year T-notes.
1500 ETSep consumer credit expected +$17.5 billion, Aug +$13.965 billion.
Wednesday, Nov 8
US0700 ETWeekly MBA mortgage applications, previous -2.6% with purchase sub-index -0.8% and refi sub-index -4.5%.
1030 ETEIA weekly Petroleum Status Report.
1300 ETTreasury auctions $23 billion of 10-year T-notes.
U.S. STOCK CALENDAR11/07/2017
NameTickerTimeDescriptionPeriodEstimate
Welltower IncHCN USBef-mktQ3 2017 Earnings ReleaseQ3 171.055
Expeditors International of Washington IncEXPD USBef-mktQ3 2017 Earnings ReleaseQ3 170.606
Royal Caribbean Cruises LtdRCL USBef-mktQ3 2017 Earnings ReleaseQ3 173.398
Tapestry IncTPR US06:45Q1 2018 Earnings ReleaseQ1 180.36
Emerson Electric CoEMR US06:55Q4 2017 Earnings ReleaseQ4 170.82
Cboe Global Markets IncCBOE US07:30Q3 2017 Earnings ReleaseQ3 170.874
Principal Financial Group IncPFG US08:00Roadshow
TripAdvisor IncTRIP US08:30Q3 2017 Earnings CallQ3 17
Cboe Global Markets IncCBOE US08:30Q3 2017 Earnings CallQ3 17
Tapestry IncTPR US08:30Q1 2018 Earnings CallQ1 18
FMC CorpFMC US09:00Q3 2017 Earnings CallQ3 17
Delphi Automotive PLCDLPH US09:00Extraordinary Shareholders Meeting
Welltower IncHCN US10:00Q3 2017 Earnings CallQ3 17
International Flavors & Fragrances IncIFF US10:00Q3 2017 Earnings CallQ3 17
Royal Caribbean Cruises LtdRCL US10:00Q3 2017 Earnings CallQ3 17
Automatic Data Processing IncADP USAnnual General Meeting - Proxy Fight for Board Representation
salesforce.com IncCRM US14:00Investor Day
Emerson Electric CoEMR US15:00Q4 2017 Earnings CallQ4 17
DaVita IncDVA USAft-mktQ3 2017 Earnings ReleaseQ3 170.941
DXC Technology CoDXC USAft-mktQ2 2018 Earnings ReleaseQ2 181.525
CSRA IncCSRA US16:15Q2 2018 Earnings ReleaseQ2 180.481
Marriott International Inc/MDMAR US16:30Q3 2017 Earnings ReleaseQ3 170.985
CSRA IncCSRA US17:00Q2 2018 Earnings CallQ2 18
DaVita IncDVA US17:00Q3 2017 Earnings CallQ3 17
DXC Technology CoDXC US17:00Q2 2018 Earnings CallQ2 18
Cimarex Energy CoXEC US23:00Q3 2017 Earnings ReleaseQ3 170.962