Friday, December 8, 2017

Morning Call 12/8

Barchart Morning Call

OVERNIGHT MARKETS AND NEWS
Mar E-mini S&Ps (ESH18 +0.12%) this morning are up +0.16% as the U.S. government averted a shutdown after the House and Senate late Thursday both approved a continuing resolution (CR) lasting through Dec 22. That vote averted the possibility of a U.S. government shutdown tonight at midnight when the current CR expires. Stocks are also higher on optimism for a healthy U.S. Nov employment report this morning. European stocks are up +0.83% at a 1-week high, led by a rally in bank stocks, after the Basel Committee on Banking Supervision issued new rules on how banks estimate the risk of mortgages, loans and other assets. The new rules will cause no significant increase to banks' overall capital requirements and in some big banks, their capital demands will decline. Asian stocks settled higher: Japan +1.39%, Hong Kong +1.19%, China +0.55%, Taiwan +0.41%, Australia +0.28%, Singapore +1.08%, South Korea +0.34%, India +0.91%. Chinese stocks rallied on strong trade data after China Nov exports and imports both increased more than expected. Japanese stocks climbed on signs of stronger economic growth after Japan Q3 GDP was revised higher. Also, Japanese exporters rose after the yen fell to a 3-week low against the dollar, which boosts the earnings prospects of exporters.

The dollar index (DXY00 +0.20%) is up +0.23% at a 2-week high. EUR/USD (^EURUSD) is down -0.31% at a 2-week low. USD/JPY (^USDJPY) is up +0.39% at a 3-week high.
Mar 10-year T-note prices (ZNH18 -0.04%) are down -2.5 ticks.
The German Oct trade balance was in surplus by +18.9 billion euros. narrower than expectations of +21.9 billion euros and the smallest surplus in 6-months. Oct exports unexpectedly fell -0.4% m/m, weaker than expectations of +1.0% m/m. Oct imports rose +1.8% m/m, stronger than expectations of +1.0% m/m.
The China Nov trade balance was in surplus by +$40.21 billion, wider than expectations of +$35.00 billion. Nov exports rose +12.3% y/y, stronger than expectations of +5.3% y/y and the biggest increase in 8-months. Nov imports rose +17.7% y/y, stronger than expectations of +13.0% y/y.
Japan Q3 GDP was revise upward to +2.5% (q/q annualized), stronger than expectations of +1.5% (q/q annualized), as Q3 business spending was revised upward to +1.1% q/q, stronger than expectations of +0.4% q/q.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) Nov non-farm payrolls (expected +198,000, Oct +261,000) and Nov unemployment rate (expected unch at 4.1%, Oct -0.1 to 4.1%), (2) Nov avg hourly earnings (expected +0.3% m/m and +2.7% y/y, Oct unch m/m and +2.4% y/y), (3) Oct wholesale trade sales (expected +0.3%, Sep +1.3% m/m), and (4) preliminary-Dec University of Michigan U.S. consumer sentiment index (expected +0.5 to 99.0, Nov -2.2 to 98.5).
Notable Russell 1000 earnings reports today include: none.
U.S. IPO's scheduled to price today: none.
Equity conferences this week: none.






OVERNIGHT U.S. STOCK MOVERS
Trivago (TRVG +0.76%) jumped nearly 8% in pre-market trading after it was upgraded to 'Buy' from 'Hold' at Deutsche Bank who said the "worst is likely behind the company."
Ingersoll-Rand (IR +0.05%) was upgraded to 'Buy' from 'Neutral' at Goldman Sachs.
Science Applications International (SAIC +3.23%) gained nearly 3% in after-hours trading after it reported Q3 revenue of $1.15 billion, better than consensus of $1.11 billion.
United Continental Holdings (UAL +2.15%) rose over 1% in after-hours trading after the company announced a new $3 billion share buyback program.
Flowserve (FLS +2.01%) was downgraded to 'Sell' from 'Neutral' at Goldman Sachs.
Dover (DOV +0.45%) lost 1% in after-hours trading after it said it will spin off its "Wellsite" oilfield services business into a standalone, publicly-traded company.
Sage Therapeutics (SAGE +70.04%) rose 2% in after-hours trading, on top of the 70% the stock surged in Thursday's session, on positive data from a Phase 2 trial of its SAGE-217 that met primary endpoint, provided rapid, profound and durable effects in the treatment of post-partum depression.
United Natural Foods (UNFI +0.24%) fell 1% in after-hours trading after it reported Q1 EPS of 60 cents, right in expectations.
Cloudera (CLDR +1.72%) rose 5% in after-hours trading after it reported Q3 revenue of $94.6 million, above consensus of $91.3 million, and said it sees Q4 revenue of $97 million to $99 million, the mid-point above consensus of $97.3 million.
ForeScout Technologies (FSCT +0.35%) rallied almost 6% in after-hours trading after it reported Q3 revenue of $64.4 million, better than consensus of $64.0 million, and then said it sees Q4 revenue of $61 million-$63 million, higher than consensus of $58.1 million.
American Outdoor Brands (AOBC +4.85%) tumbled 12% in after-hours trading after it said it sees full-year adjusted EPS of 57 cents to 67 cents, well below consensus of $1.09.
Tellurian (TELL +1.35%) dropped over 10% in after-hours trading after it announced that it intends to sell 8.0 million shares of its common stock in an underwritten public offering.
DavidsTea (DTEA +1.23%) gained 2% in after-hours trading after the company said it plans to hire financial advisers "in the near-term" to evaluate strategic alternatives, including a possible sale.
Verastem (VSTEM) jumped over 6% in after-hours trading after Director Tim Barberich reported buying 60,500 shares of VSTEM at $3.95 on Dec 5.
MARKET COMMENTS
Mar S&P 500 E-mini stock futures (ESH18 +0.12%) this morning are up +4.25 points (+0.16%). Thursday's closes: S&P 500 +0.29%, Dow Jones +0.29%, Nasdaq +0.375%. The S&P 500 on Thursday closed higher on carry-over support from a rally in European stocks after Eurozone Q3 GDP was revised upward to +2.6% y/y from +2.5% y/y, the strongest pace of expansion in 6-1/2 years. Stocks also found some support from the unexpected decline in U.S. weekly initial unemployment claims to a 5-week low of 236,000, better than expectations of +2,000 to 240,000.
Mar 10-year T-note prices (ZNH18 -0.04%) this morning are down -2.5 ticks. Thursday's closes: TYH8 +8.00, FVH8 +5.50. Mar 10-year T-notes on Thursday closed higher on carry-over support from a rally in German 10-year bunds to a 5-1/4 month high, and on the +30.1% y/y rise in the U.S. Nov Challenger job cuts, the largest increase in 11 months.
The dollar index (DXY00 +0.20%) this morning is up +0.216 (+0.23%) at a 2-week high. EUR/USD (^EURUSD) is down -0.0037 (-0.31%) at a 2-week low and USD/JPY (^USDJPY) is up +0.44 (+0.39%) at a 3-week high. Thursday's closes: Dollar Index +0.162 (+0.20%), EUR/USD -0.0023 (-0.19%), USD/JPY +0.80 (+0.71%). The dollar index on Thursday climbed to a new 2-week high and settled higher on expectations for a Fed rate hike next week and on weakness in EUR/USD which fell to a 2-week low as the fall in the German 10-year bund yield to a 5-1/4 month low undercut the euro's interest rate differentials.
Jan crude oil (CLF18 +1.57%) this morning is up +73 cents (+1.29%) and Jan gasoline (RBF18 +0.92%) is +0.0106 (+0.62%). Thursday's closes: Jan WTI crude +0.73 (+1.30%), Jan gasoline +0.0391 (+2.35%). Jan crude oil and gasoline on Thursday closed higher on the unexpected decline in U.S. weekly jobless claims to a 5-week low, which shows economic strength that is positive for energy demand, and on the upward revision to Eurozone Q3 GDP to 2.6% y/y, the strongest pace of growth in 6-1/2 years. Crude oil prices were undercut by the rise in the dollar index to a new 2-week high.
Metals prices this morning are mixed with Feb gold (GCG18 -0.27%-4.5 (-0.36%), Mar silver (SIH18 +0.30%) +0.013 (+0.08%) and Mar copper (HGH18 +0.40%) +0.010 (+0.32%). Thursday's closes: Feb gold -13.0 (-1.03%), Mar silver -0.153(-0.96%), Mar copper +0.0030 (+0.103%). Metals on Thursday settled mixed with Feb gold at a 4-1/2 month low and Mar silver at a 4-3/4 month low. Metals prices were undercut by the rally in the dollar index to a 2-week high and by fund selling of precious metals ahead of an expected Fed interest rate increase next Wednesday. Copper closed higher on signs of stronger global copper demand after Eurozone Q3 GDP was revised upward to +2.6% y/y, the strongest pace of growth in 6-1/2 years.

GLOBAL EVENT CALENDAR12/08/2017
Friday, Dec 8
US0830 ETNov non-farm payrolls expected +198,000, Oct +261,000. Nov private payrolls expected +200,000, Oct +252,000. Nov manufacturing payrolls expected +15,000, Oct +24,000. Nov unemployment rate expected unch at 4.1%, Oct -0.1 to 4.1%.
0830 ETNov avg hourly earnings expected +0.3% m/m and +2.7% y/y, Oct unch m/m and +2.4% y/y. Nov avg weekly hours all-employees expected unch at 34.4 hours, Oct unch at 34.4 hours.
1000 ETOct wholesale trade sales expected +0.3%, Sep +1.3% m/m. Final-Oct wholesale inventories expected +0.1%, prelim -0.4%.
1000 ETPreliminary-Dec University of Michigan U.S. consumer sentiment index expected +0.5 to 99.0, Nov -2.2 to 98.5.
Monday, Dec 11
US1000 ETOct JOLTS job openings, Sep +3,000 to 6.093 million.
1100 ETUSDA weekly grain export inspections.
1130 ETTreasury auctions $24 billion 3-year T-notes.
1300 ETTreasury auctions $20 billion 10-year T-notes.
U.S. STOCK CALENDAR12/08/2017

NameTickerTimeDescriptionPeriodEstimate
Medtronic PLCMDT US03:00Annual General Meeting
WestRock CoWRK US08:30Investor Day
Equifax IncEFX USInvestor Meeting
Copart IncCPRT USAnnual General Meeting
Palo Alto Networks IncPANW US13:00Annual General Meeting

Thursday, December 7, 2017

Dollar General - Chart of the Day

Dollar General (DG) is the Barchart Chart of the Day.  The discount retailer has a Trend Spotter buy signal, a Weighted Alpha of 34.87+ and gained 23.35% in the last year.

The Chart of the Day belongs to Dollar General (DG).  I found the discount retailer by using Barchart to sort today's 52 Week High list first for the highest Weighted Alpha, then I used the Flipchart feature to review the charts for consistent price appreciation.  Since the Trend Spotter signaled a buy on 11/10 the stock gained 7.96%.

Dollar General Corporation is a discount retailer in the United States. The Company separates its merchandise into four categories, which includes highly consumable, seasonal, home products and basic clothing. Highly consumable consists of packaged food, candy, snacks and refrigerated products, health and beauty aids, home cleaning supplies and pet supplies; seasonal consists of seasonal and holiday-related items, toys, stationery and hardware; home products consists of house wares and domestics, and basic clothing consists of casual everyday apparel. Dollar General is among the largest retailers of top-quality products made by America's most trusted manufacturers such as Procter & Gamble, Kimberly-Clark, Unilever, Kellogg's, General Mills, Nabisco, Fruit of the Loom, PepsiCo and Coca-Cola. The Company store support center is located in Goodlettsville, Tennessee.


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:

  • 34.87+ Weighted Alpha
  • 100% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 17.90% in the last month
  • Relative Strength Index 80.24%
  • Technical support level at 90.30
  • Recently traded at 90.85 with a 50 day moving average of 83.94
Fundamental factors:
  • Market Cap $24.83 billion
  • P/E 20.04
  • Dividend yield 1.15%
  • Revenue expected to grow 6.40% this year and another 7.90% next year
  • Earnings estimated to increase .70% this year, an additional 10.60% next year and continue to compound at an annual rate of 7.50% for the next 5 years
  • Wall Street analysts issued 6 strong buy, 8 buy, 14 hold and 1 sell recommendation on the stock

Wednesday, December 6, 2017

Bioanalytical Systems - Chart of the Day

Bioanalytical Systems (BASI) is the Barchart Chart of the Day.  The contract research company has a Trend Spotter buy signal, a Weighted Alpha of 186.29+ and gained 263.16% in the last year.

The Chart of the Day belongs to Bioanalytical Systems (BASI).   I found the contract research stock by using Barchart to sort today's Top Stocks to Own list first for the highest Weighted Alpha then I used Flipchart feature to review the charts for consistent price appreciation.  Since the Trend Spotter signaled a buy on 11/15 the stock gained 25.45%.

Bioanalytical Systems, Inc. is a contract research organization providing research and development resources to many of the leading pharmaceutical, medical device and biotechnology companies in the world. The company offers an efficient, variable-cost alternative to its clients' internal product development, compliance and quality control programs. The company provides a broad array of value-added services and products focused on chemical analysis, allowing its clients to perform their research and development functions either ``in-house`` or at the company.


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:

  • 186.29+ Weighted Alpha
  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 32.69% in the last month
  • Relative Strength Index 72.98%
  • Technical support level at 2.71
  • Recently traded at 2.70 with a 50 day moving average of 2.05
Fundamental factors:
  • Market Cap $24 million
  • At the present time none of the Wall Street firms are following the stock
  • The individual investors following the stock on Motley Fool voted 2 to 6 that the stock will under perform the market

Tuesday, December 5, 2017

UTStarcom - Chart of the Day

UTStarcom (UTSI) is the Barchart Chart of the Day.  The network solutions company has a Trend Spotter buy signal, a Weighted Alpha of 171.56+ and gained 161.11% in the last year.

The Chart of the Day belongs to UTStarcom (UTSI).  I found the network solutions stock by using Barchart to sort today's 52 Week High list first for the highest Weighted Alpha, then I used the Flipchart feature to review the charts for consistency.  Since the Trend Spotter signaled a buy on 9/5 the stock gained 136.24%.

UTStarcom Holdings Corp. is engaged in providing interactive Protocol based network solutions. The Company also provides integration and support services in Internet Protocol TV, Interactive TV, Internet TV and Broadband for cable and telecom operators. It designs and sells IP-based telecommunications infrastructure products including its primary product suite of IPTV, and broadband solutions along with the services relating to the installation, operation and maintenance of these products. UTStarcom Holdings Corp., formerly known as UTStarcom, Inc., is headquartered in Beijing, China.


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
  • 13 new highs and up 60.56% in the last month
  • Relative Strength Index 77.64%
  • Technical support level at 5.24
  • Recently traded at 5.08 with a 50 day moving average of 3.32
Fundamental factors:
  • Market Cap $195 million
  • Revenue expected to grow 35.20% this year and another 11.10% next year
  • Earnings estimated to increase 344.40% this year, an additional 25.00% next year and continue to compound at an annual rate of 22.00% for the next 5 years
  • At the present time only one Wall Street analyst is following the stock and rates it a strong buy

Morning Call 12/5

Barchart Morning Call

OVERNIGHT MARKETS AND NEWS
Dec E-mini S&Ps (ESZ17 +0.08%) this morning are up +0.08% as U.S. House and Senate lawmakers begin work on a compromise to tax-overhaul legislation. European stocks are down -0.36% as a slump in copper prices fuels a decline in mining stocks and commodity producers. Mar COMEX copper (HGH18 -2.04%) is down -2.10% at a 2-month low on concern a slowdown in China's economy will weaken its demand for industrial metals. European stocks also fell back after Eurozone Oct retail sales fell a more than expected -1.1% m/m, the largest monthly decline in 3-3/4 years. Asian stocks settled mostly lower: Japan -0.37%, Hong Kong -1.01%, China -0.18%, Taiwan -0.79%, Australia -0.23%, Singapore -0.01%, South Korea +0.26%, India -0.20%. Losses in technology stocks led Asian markets lower with China's Shanghai Composite falling to a 3-1/4 month low.

The dollar index (DXY00 -0.06%) is down -0.08%. EUR/USD (^EURUSD) is down -0.01%. USD/JPY (^USDJPY) is up +0.07%.
Mar 10-year T-note prices (ZNH18 unch) are unchanged.
The German Nov Markit services PMI was revised downward to 54.3 from the originally reported 54.9.
Eurozone Oct retail sales fell -1.1% m/m, weaker than expectations of -0.7% m/m and the biggest decline in 3-3/4 years.
The UK Nov Markit/CIPS services PMI fell -1.8 to 53.8, weaker than expectations of -0.6 to 55.0.
UK Nov new car registrations fell -11.2% to 163,541 and year-to-date are down -5.0% at 2,388,144.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) Oct trade deficit (expected -$47.4 billion, Sep -$43.5 billion), (2) revised-Nov Markit services US PMI (expected +0.6 to 55.3, prelim-Nov -0.6 to 54.7), (3) Nov ISM non-manufacturing (expected -1.1 to 59.0, Oct +0.3 to 60.1).
Notable Russell 1000 earnings reports today include: Toll Brothers (consensus $1.19), AutoZone (9.81), HD Supply (0.75), Veeva Systems (0.22).
U.S. IPO's scheduled to price today: none.
Equity conferences this week: Cowen Energy & Natural Resources Conference on Mon-Tue, Mizuho Americas Global Investor Conference on Mon-Tue, Raymond James Technology Conference on Mon-Wed, UBS Global Media and Communications Conference on Mon-Wed, Wells Fargo Event Information & Logistics Tech Summit on Mon-Wed, Global Mizuho Investor Conference on Tue, Goldman Sachs U.S. Financial Services Conference on Tue-Wed, Barclays Eat, Sleep, Play Conference on Tue-Wed, Nasdaq Investor Conference on Tue-Wed, NASDAQ Conference on Tue-Wed, Capital One Securities Energy Conference on Tue-Thu, Barclays Technology Conference on Wed, Berenberg Bank European Healthcare Conference on Wed, BIOMEDevice Conference on Wed, Barclays Global Technology, Media and Telecommunications Conference on Wed-Thu, Wells Fargo Pipeline MLP and Energy Symposium on Wed-Thu, Citi Global Health Care Conference on Wed-Thu, th Capital Utah Corporate Access Event Conference on Wed-Thu, Bank of America Merrill Lynch Emerging Technology Conference on Thu.






OVERNIGHT U.S. STOCK MOVERS
Allegiant Travel (ALGT +2.92%) was downgraded to 'Neutral' from 'Buy' at Buckingham Research Group.
United Technologies (UTX -0.07%) was upgraded to 'Overweight' from 'Neutral' at Atlantic Equities LLP with a target price of $145.
McDonalds (MCD -1.28%) was upgraded to 'Buy' from 'Hold' at Jeffries with a price target of $200.
Stephens initiated coverage of DowDuPont (DWDP +1.58%) with a recommendation of 'Overweight.'
Marathon Oil (MRO -1.19%) was upgraded to 'Overweight' from 'Neutral' at Atlantic Equities LLP with a price target of $17.50.
Robert W. Baird initiated coverage of Curtiss-Wright (CW -2.16%) with a recommendation of 'Outperform' with a 12-month target price of $149.
Kinder Morgan (KMI -0.92%) may move higher initially this morning after it said it sees 2018 preliminary adjusted Ebitda of $7.5 billion, above consensus of $7.4 billion.
Performance Food Group (PFGC +5.41%) slipped 3% in after-hours trading after it announced a secondary offering of 6.272 million shares of its common stock on the behalf of an affiliate of Wellspring Capital Management.
Collegium Pharmaceutical (COLL -0.35%) rose 6% in after-hours trading after it entered into a commercialization pact with Depomed for the Nucynta drug.
Heron Therapeutics (HRTX -0.58%) slumped 9% in after-hours trading after it was said to have offered $150 million in shares via Cantor Fitzgerald priced between $1550-$16.25.
Cleveland-Cliffs (CLF -1.03%) tumbled over 6% in after-hours trading after it announced a proposed offering of $400 million of senior secured notes due 2014.
Ascena Retail Group (ASNA +5.67%) plunged 20% in after-hours trading after it reported Q1 comparable sells fell -5%, wider than consensus of -4.1%, and said it sees Q2 adjusted EPS loss per share of -7 cents to -12 cents, the mid-point wider than consensus for a loss of -7.5 cents a share.
MARKET COMMENTS
Dec S&P 500 E-mini stock futures (ESZ17 +0.08%) this morning are up +2.00 points (+0.08%). Monday's closes: S&P 500 -0.11%, Dow Jones +0.24%, Nasdaq -1.17%. The S&P 500 on Monday rallied to a new record high early but then drifted lower into the close and settled lower. Stocks were undercut by a a slide technology stocks led by a -3.7% decline in Microsoft and by weakness in energy stocks after crude oil prices fell -1.53%. The S&P 500 showed some strength early after the Senate passed a corporate tax-cut plan late last Friday night.
Mar 10-year T-note prices (ZNH18 unch) this morning are unch. Monday's closes: TYH8 -5.50, FVH8 -5.25. Mar 10-year T-notes on Monday closed lower on the stronger-than-expected U.S. Oct factory orders report and on the early rally in the S&P 500 to a new record high, which curbed the safe-haven demand for T-notes. T-notes were also undercut by increased inflation expectations after the 10-year T-note breakeven inflation rate rose to a 2-1/2 week high.
The dollar index (DXY00 -0.06%) this morning is down -0.076 (-0.08%). EUR/USD (^EURUSD) is down -0.0001 (-0.01%) and USD/JPY (^USDJPY) is up +0.08 (+0.07%). Monday's closes: Dollar Index +0.303 (+0.33%), EUR/USD -0.0030 (-0.25%), USD/JPY +0.07 (+0.06%). The dollar index on Monday closed higher on optimism about U.S. tax reform after the Senate passed corporate tax-cut legislation late last Friday night. In addition, USD/JPY rallied to a 2-week high as the rally in the S&P 500 to a 2-week high reduced the safe-haven demand for the yen.
Jan crude oil (CLF18 -0.64%) this morning is down -32 cents (-0.56%) and Jan gasoline (RBF18 +0.20%) is +0.0045 9+0.27%). Monday's closes: Jan WTI crude -0.89 (-1.53%), Jan gasoline -0.0494 (-2.84%). Jan crude oil and gasoline on Monday closed lower with Jan gasoline at a 1-month low. Crude oil prices were undercut by a stronger dollar and by concern that the recent rise in crude prices will provide incentive to U.S. shale oil producers to increase production after Friday's data from Baker Hughes showed U.S. active oil rigs in the week ended Dec 1 rose by 2 rigs to a 2-month high of 749 rigs.
Metals prices this morning are mixed with Feb gold (GCG18 +0.02%) +0.8 (+0.06%), Mar silver -(SIH18 -0.42%) 0.053 (-0.32%) and Mar copper (HGH18 -2.04%-0.065 (-2.10%) at a 2-month low. Monday's closes: Feb gold -4.6 (-0.36%), Mar silver -0.015 (-0.09%), Mar copper -0.0025 (-0.08%). Metals on Monday closed lower on a stronger dollar and the rally in the S&P 500 to a new record high, which reduced the safe-haven demand for precious metals. Copper found some underlying support on signs of tighter copper supplies after LME copper inventories fell -1,100 MT to a 1-1/2 year low of 182,425 MT.
GLOBAL EVENT CALENDAR12/05/2017
Tuesday, Dec 5
US0830 ETOct trade balance expected -$47.4 billion, Sep -$43.5 billion.
0945 ETRevised Nov Markit services PMI expected +0.6 to 55.3, prelim-Nov -0.6 to 54.7.
1000 ETNov ISM non-manufacturing PMI expected -1.1 to 59.0, Oct +0.3 to 60.1.
Wednesday, Dec 6
US0700 ETWeekly MBA mortgage applications, previous -3.1% with purchase sub-index +1.8% and refi sub-index -7.7%.
0815 ETNov ADP employment change expected +190,000, Oct +235,000.
0830 ETRevised Q3 non-farm productivity expected +3.3%, previous +3.0%. Revised Q3 unit labor costs expected +0.2%, previous +0.5%.
1030 ETEIA weekly Petroleum Status Report.
U.S. STOCK CALENDAR12/05/2017
NameTickerTimeDescriptionPeriodEstimate
HD Supply Holdings IncHDS US06:00Q3 2018 Earnings ReleaseQ3 180.754
AutoZone IncAZO USBef-mktQ1 2018 Earnings ReleaseQ1 189.808
Toll Brothers IncTOL USBef-mktQ4 2017 Earnings ReleaseQ4 171.192
HD Supply Holdings IncHDS US08:00Q3 2018 Earnings CallQ3 18
Broadridge Financial Solutions IncBR US08:00Investor Day
Brixmor Property Group IncBRX US08:30Investor Day
L3 Technologies IncLLL US08:30Investor Meeting
AndeavorANDV US09:00Investor and Analyst Day
AutoZone IncAZO US10:00Q1 2018 Earnings CallQ1 18
First Solar IncFSLR US10:30Investor Day
Toll Brothers IncTOL US11:00Q4 2017 Earnings CallQ4 17
Humana IncHUM USInvestor Meeting
Digital Realty Trust IncDLR US13:00Investor Day
Veeva Systems IncVEEV USAft-mktQ3 2018 Earnings ReleaseQ3 180.215
Veeva Systems IncVEEV US16:30Q3 2018 Earnings CallQ3 18