BARCHART MORNING CALL 9/14

BARCHART MORNING CALL

Monday, September 14th, 2015View Older Reports

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OVERNIGHT MARKETS AND NEWS

December E-mini S&Ps (ESZ15 +0.09%) are up +0.29% on an increase in M&A activity as Solera Holdings jumped 8% in pre-market trading after Vista Equity Partners agreed to buy the company for $6.5 billion. European stocks were up +0.28% as gains in miners led the overall market higher with Rio Tinto Group and BHP Billiton Ltd. up more than 2% after Jeffries upgraded its recommendation on BHP Billiton to 'Buy' from 'Hold.' European stocks also received a boost after Eurozone Jul industrial production rose more than expected at the fastest pace in 5 months. Asian stocks closed mixed: Japan-1.63%, Hong Kong +0.27%, China -2.67%, Taiwan +0.02%, Australia +0.50%, Singapore -0.57%, South Korea -0.29%, India +0.96%. Japanese stocks fell on economic concerns after Japan Jul industrial production was revised lower and China's Shanghai Composite settled lower after data showed that China Aug fixes asset investment ex-rural households rose at the slowest pace in 14-1/2 years.

The dollar index (DXY00 +0.05%) is up +0.05% as it rebounded from a 2-week low. EUR/USD (^EURUSD) is down -0.19%. USD/JPY (^USDJPY) is down -0.27%.

Dec T-note prices (ZNZ15 +0.02%) are down -1 tick.

ECB Governing Council member Bonnici said that the full impact of the ECB's QE program "will take time" and that it was "too early" to decide on new stimulus.

Eurozone Jul industrial production rose +0.6% m/m, twice as much as expectations of +0.3% m/m and the most in 5 months. On an annual basis, Jul industrial production rose +1.9% y/y, stronger than expectations of +0.7% y/y.

China Aug fixed-asset investment (excluding rural households) rose +10.9% y/y, less than expectations of +11.2% y/y and the slowest pace of increase in 14-1/2 years.

China Aug industrial production rose +6.1% y/y, weaker than expectations of +6.5% y/y.

Japan Jul industrial production was revised lower to -0.8% m/m and unch y/y from the originally reported -0.6% m/m and +0.2% y/y.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) anticipation of the Wed/Thu FOMC meeting where there is about a 30% chance of a Fed rate hike.

Three of the Russell 2000 companies report earnings today include Unilife Corp. (consensus -$0.12), Park City Group (-0.03), Energy XXI Ltd (-1.26).

U.S. IPO's scheduled to price today include: none.

Equity conferences this week include: Bank of America Merrill Lynch Power & Gas Leaders Conference on Wed-Thu, Citi 2015 Industrials Conference on Wed-Thu, Deutsche Bank Technology Conference on Wed-Thu, Morgan Stanley Industrials Conference on Wed-Thu, Barclays Capital Global Financial Services Conference on Wed-Fri, Credit Suisse Basic Materials Conference on Wed-Fri, Goldman Sachs Communacopia Conference on Wed-Fri, Morgan Stanley Global Healthcare Conference on Wed-Fri, Bank of America Merrill Lynch Global Health Care Conference on Thu, Imperial Capital Global Opportunities Conference on Thu, and AACR CRI-CIMT-EATI Immunotherapy Conference on Thu-Fri.

OVERNIGHT U.S. STOCK MOVERS

Solera Holdings (SLH +3.86%) jumped over 8% in pre-market trading after Vista Equity Partners agreed to buy the company for $6.5 billion.

Wisconsin Energy (WEC +1.35%) was upgraded to 'Buy' from 'Hold' at Argus.

Brean Capital reiterated its 'Buy' rating on Salesforce (CRM +0.44%) and said the stock should be a core holding.

H&R Block (HRB +1.20%) was downgraded to 'Neutral' from 'Buy' at BTIG.

Exelon (EXC -0.17%) was upgraded to 'Buy' from 'Neutral' at SunTrust.

Marvell (MRVL -16.21%) was downgraded to 'Neutral' from 'Buy' at B. Riley.

AstraZeneca (AZN +0.06%) was upgraded to 'Buy' from 'Hold' at Deutsche Bank.

Alexion Pharmaceuticals (ALXN +0.16%) was downgraded to 'Equal Weight' from 'Overweight' at Barclays.

Xilinx (XLNX +0.38%) was upgraded to 'Buy' from 'Neutral' at Goldman Sachs.

Nokia (NOK -0.61%) was upgraded to 'Conviction Buy' from 'Buy' at Goldman Sachs.

BHP Billiton (BHP +0.38%) was upgraded to 'Buy' from 'Hold' at Jefferies.

Chico's (CHS +0.13%) said it is contemplating a sale of the company after offers from private-equity buyers including Sycamore Partners, according to Bloomberg.

Monster Beverage (MNST +0.40%) announced a new $500 million share repurchase program.

Baker Brothers reported a 39.6% stake in Aquinox (AQXP +4.86%) .

MARKET COMMENTS

Dec E-mini S&Ps (ESZ15 +0.09%) this morning are up +5.75 points (+0.29%). Friday's closes: S&P 500 +0.45%, Dow Jones +0.63%, Nasdaq +0.63%. The S&P 500 Friday recovered from early losses and closed higher on speculation the Fed won't raise interest rates at the Sep 16-17 FOMC meeting and on strength in health-care stocks after Gilead Sciences and Pfizer rallied sharply. Stocks had traded lower early after the U.S. Sep University of Michigan consumer sentiment fell to a 1-year low (-6.2 to 85.7 vs. expectations of -0.8 to 91.1) and after energy producers sold off as crude oil declined.

Dec 10-year T-notes (ZNZ15 +0.02%) this morning are down -1 tick. Friday's closes: TYZ5 +12.00, FVZ5 +7.50. Dec T-notes Friday closed higher on carryover support from a rally in German bunds after ECB Executive Board member Coeure said that ECB asset purchases will continue for "as long as necessary." Another supportive factor for T-notes was the larger-than-expected drop in U.S. Sep University of Michigan consumer sentiment to a 1-year low, which may prompt the Fed to delay a rate hike.

The dollar index (DXY00 +0.05%) this morning is up +0.045 (+0.05%). EUR/USD (^EURUSD) is down -0.0021 (-0.19%). USD/JPY (^USDJPY) is down-0.32 (-0.27%). Friday's closes: Dollar Index -0.262 (-0.27%), EUR/USD +0.00567 (+0.50%), USD/JPY -0.03 (-0.02%). The dollar index Friday dropped to a 1-week low on concern that consumer spending may slow and undercut economic growth after the U.S. Sep University of Michigan consumer sentiment fell to a 1-year low. The dollar also fell on speculation the recent volatility in global financial markets that may prompt the Fed to delay an interest rate increase.

Oct crude oil (CLV15 -0.22%) this morning is down -10 cents (-0.22%) and Oct gasoline (RBV15 -0.50%) is down -0.0063 (-0.46%). Friday's closes: CLV5-1.29 (-2.81%), RBV5 -0.0237 (-1.70%). Oct crude oil and gasoline on Friday closed lower with Oct gasoline at a 1-1/2 week low on concern that the U.S. crude oil supply glut will persist with U.S. oil inventories nearly 100 million bbl above their 5-year seasonal average. Prices remained lower after a report from Goldman Sachs said that the oil market is more oversupplied than expected and that prices may need to fall to near $20 a barrel to clear the oversupply.

GLOBAL EVENT CALENDAR09/14/2015

US	1100 ET	USDA weekly grain export inspections.
	1600 ET	USDA weekly crop progress.
JPN	0030 ET	Japan Jul tertiary industry index expected +0.2% m/m, Jun +0.3% m/m.
	0030 ET	Revised Japan Jul industrial production, previous -0.6% m/m and +0.2% y/y. Jul capacity utilization, Jun +0.7% m/m.
EUR	0500 ET	Eurozone Jul industrial production expected +0.3% m/m and +0.7% y/y, Jun -0.4% m/m and +1.2% y/y.

U.S. STOCK CALENDAR09/14/2015

Company	Ticker	Time	Event Description	Period	Estimate
Unilife Corp	UNIS US	Aft-mkt	Q4 2015 Earnings Release	Q4 2015	-0.12
Park City Group Inc	PCYG US	Aft-mkt	Q4 2015 Earnings Release	Q4 2015	-0.03
Energy XXI Ltd	EXXI US		Q4 2015 Earnings Release	Q4 2015	-1.26

BARCHART MORNING CALL 11/25

BARCHART MORNING CALL

Tuesday, November 25th, 2014View Older Reports

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OVERNIGHT MARKETS AND NEWS

December E-mini S&Ps (ESZ14 +0.08%) this morning are up +0.08% and European stocks are up +0.79% at a 2-month high. European bank stocks gained and government bond yields dropped to record lows on the prospects for further easing by the ECB after the OECD said the ECB should expand its monetary support due to the weak Eurozone economy and risk of deflation. Asian stocks closed mixed: Japan +0.29%, Hong Kong -0.21%, China +1.37%, Taiwan -0.07%, Australia -0.50%, Singapore +0.13%, South Korea -0.25%, India -0.57%. Chinese stocks continue to find support from Friday's surprise interest rate cut by the PBOC as the Shanghai Stock Index posted a new 3-year high. Commodity prices are mostly higher. Jan crude oil (CLF15 +0.59%) is up +0.36% on speculation that OPEC may try to cut crude output at Thursday's cartel meeting after Iraqi Oil Minister Adel Abdul Mahdi said that action must be taken to boost prices because current levels are "unacceptable." Jan gasoline (RBF15 +0.93%) is up +0.77%. Dec gold (GCZ14 +0.30%) is up +0.34%. Dec copper (HGZ14 +0.22%) is up +0.15%. Agriculture prices are mixed. The dollar index (DXY00 unch) is unchanged. EUR/USD (^EURUSD) is down -0.06%. USD/JPY (^USDJPY) is down -0.20%. Dec T-note prices (ZNZ14 +0.09%) are up +3.5 ticks.
The Organization for Economic Cooperation and Development (OECD) said that "given the weak Eurozone economy and risk of deflation, the ECB should expand its monetary support, including through asset purchases," or "quantitative easing." The OECD kept its 2014 Eurozone GDP estimate at +0.8% and its 2015 estimate at +1.1%, and kept its 2014 Eurozone inflation forecast at +0.5% and 2015 estimate at +0.6%.
German Q3 GDP was left unrevised at +0.1% q/q and +1.2% y/y (nsa), although Q3 exports were revised upward to +1.9% q/q from +0.9% q/q, the most in 3-1/2 years, and Q3 imports were revised higher to +1.7% q/q from +1.6% q/q.
Japan Oct PPI services rose +3.6% y/y, right on expectations and the fastest pace of increase in 23-3/4 years.

U.S. STOCK PREVIEW

Today’s Q3 GDP report is expected to be revised lower to +3.3% (q/q annualized) from last estimate of +3.5%. The market is expecting U.S. home prices to show a moderate increase in September, thus giving a boost to household wealth and consumer confidence. The market consensus is for today’s Sep FHFA house price index to show an increase of +0.4% m/m and for the CaseShiller Composite 20 house price index to show an increase of +0.25% m/m. Today’s Nov U.S. consumer confidence index from the Conference Board is expected to show a +1.5 point increase to 96.0, adding to the +5.5 point increase to a new 7-year high of 94.5 seen in October. The Treasury today will sell $35 billion of 5-year T-notes and $13 billion of 2-year floating-rate notes.
There are 13 of the Russell 1000 companies that report earnings today with notable reports including: HP (consensus $1.06), Tiffany ($0.77), DSW (0.52), Campbell Soup (0.72), Eaton Vance (0.64), Pall Corp (0.80), Hormel Foods (0.64). There are no equity conferences during the remainder of this week.

OVERNIGHT U.S. STOCK MOVERS

Valspar (VAL -0.11%) reported Q4 EPS of $1.38, well above consensus of $1.15.
Campbell Soup (CPB -0.54%) reported Q1 EPS of 74 cents, stronger than consensus of 72 cents.
Pall Corp. (PLL -0.40%) reported Q1 EPS of 89 cents, higher than consensus of 80 cents.
Netflix (NFLX -1.06%) was downgraded to 'Hold' from 'Buy' at Stifel.
Tiffany & Co. (TIF +1.06%) reported Q3 EPS of 76 cents, weaker than consensus of 77 cents.
Hormel Foods (HRL -0.37%) reported Q4 EPS of 63 cents, below consensus of 64 cents.
According to the Wall Street Journal, Honda (HMC -0.19%) said that over an an 11-year period beginning in 2003, it did not report 1,729 death and injury incidents to U.S. regulators.
Post Holdings (POST +0.87%) reported Q4 adjusted EPS of 13 cents, nearly double consensus of 7 cents.
Dycom (DY +0.92%) jumped over 5% in after-hours trading after it reported Q1 EPS of 59 cents, well above consensus of 50 cents.
Ceridian reported an 8.3% stake in FleetCor (FLT +0.04%) .
Aegean Marine (ANW -0.43%) reported Q3 EPS of 20 cents, less than consensus of 21 cents.
Casey's General Stores (CASY +0.75%) announced that it will revise its financial statements for fiscal years 2012, 2013 and 2014 and Q1 of fiscal 2015 for an accounting error and pay the I.R.S. $30.4 million in taxes due as well as $1.1 million in interest to resolve this matter.
Brocade (BRCD +1.65%) reported Q4 EPS of 24 cents, higher than consensus of 23 cents.
Nuance (NUAN +0.53%) rose over 4% in pre-market trading after it reported Q4 EPS of 33 cents, better than consensus of 27 cents.

MARKET COMMENTS

Dec E-mini S&Ps (ESZ14 +0.08%) this morning are up +1.75 points (+0.08%). The S&P 500 index on Monday closed higher: S&P 500 +0.29%, Dow Jones +0.04%, Nasdaq +0.78%. Bullish factors included (1) carry-over support from a rally in European stocks after the German Nov IFO business climate index unexpectedly rose +1.5 to 104.7, the first increase in the last 7 months, and (2) a rally in retailers and consumer discretionary stocks on optimism for a robust holiday-shopping season after the national Retail Federation predicted that U.S. retail sales will rise +4.1% y/y this holiday season, stronger than the +2.9% average of the past 10 years.
Dec 10-year T-notes (ZNZ14 +0.09%) this morning are up +3.5 ticks. Dec 10-year T-note futures prices on Monday erased early losses and closed higher: TYZ4 +3.00, FVZ4 +2.00. The main bullish factor Monday was exceptional demand for the Treasury’s $28 billion auction of 2-year T-notes that produced a bid-to-cover ratio of 3.71, higher than the 12-auction average of 3.41. Bearish factors included (1) supply pressures as the Treasury auctions $105 billion of T-notes during this holiday-shortened week, and (2) reduced safe-haven demand for T-notes as global stock markets rallied.
The dollar index (DXY00 unch) this morning is unchanged. EUR/USD (^EURUSD) is down -0.0007 (-0.06%). USD/JPY (^USDJPY) is down -0.24 (-0.20%). The dollar index on Monday retreated from a 4-1/3 year high and closed lower. Closes: Dollar index -0.159 (-0.18%), EUR/USD +0.00528 (+0.43%), USD/JPY +0.44 (+0.37%). Negative factors included (1) a rebound in EUR/USD which recovered from a 2-week low after the German Nov IFO business climate index unexpectedly rose for the first time in 7 months, and (2) a rally in global equity markets, which curbed the safe-haven demand for the dollar.
Jan WTI crude oil (CLF15 +0.59%) this morning is up +27 cents (+0.36%) and Jan gasoline (RBF15 +0.93%) is up +0.0156 (+0.77%). Jan crude and Dec gasoline on Monday closed lower. Closes: CLF5 -0.73 (-0.95%), RBF5 -0.0258 (-1.26%). Bearish factors included (1) speculation that OPEC will fail to agree on production cuts at Thursday’s cartel meeting in Vienna, and (2) a forecasted snowstorm for the U.S. northeast later this week that may reduce travel and fuel demand. Losses were muted due to a weak dollar and a rally in stocks.

GLOBAL EVENT CALENDAR11/25/2014

US	0830 ET	Q3 GDP expected revised to +3.3% (q/q annualized) from last +3.5%. Q3 personal consumption expected +1.9% vs +1.8%. Q3 GDP price index expected unrevised at +1.3%. Q3 core PCE expected unrevised at +1.4%.
	0900 ET	Sep FHFA house price index expected +0.4% m/m, Aug +0.5% m/m. Q3 house price purchase index, Q2 +0.81%.
	0900 ET	Sep S&P/CaseShiller composite-20 home price index expected +0.30% m/m and +4.60% y/y, Aug -0.15% m/m and +5.57% y/y.
	1000 ET	Nov U.S. consumer confidence (Conference Board) expected +1.5 to 96.0, Oct +5.5 to 94.5.
	1000 ET	Nov Richmond Fed manufacturing index expected -4 to 16, Oct +6 to 20.
	1130 ET	Treasury auctions $13 billion of 2-year floating-rate notes.
	1300 ET	Treasury auctions $35 billion of 5-year T-notes.
GER	0200 ET	Revised German Q3 GDP, previous +0.1% q/q and +1.2% y/y (nsa).
EUR	0500 ET	OECD economic outlook for the Eurozone.

U.S. STOCK CALENDAR11/25/2014

Company Name	Ticker	Time	Event Description	Period	Estimate
Hormel Foods Corp	HRL US	Bef-mkt	Q4 2014 Earnings Release	Q4 2014	0.636
Tech Data Corp	TECD US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	1.018
Valspar Corp/The	VAL US	Bef-mkt	Q4 2014 Earnings Release	Q4 2014	1.149
Pall Corp	PLL US	7:00	Q1 2015 Earnings Release	Q1 2015	0.804
Signet Jewelers Ltd	SIG US	7:00	Q3 2015 Earnings Release	Q3 2015	0.177
Jacobs Engineering Group Inc	JEC US	8:00	Q4 2015 Guidance Call	Q4 2015
Chico's FAS Inc	CHS US	8:00	Q3 2015 Earnings Release	Q3 2015	0.172
Campbell Soup Co	CPB US	8:30	Q1 2015 Earnings Call	Q1 2015
Tiffany & Co	TIF US	8:30	Q3 2015 Earnings Call	Q3 2015
Pall Corp	PLL US	8:30	Q1 2015 Earnings Call	Q1 2015
Signet Jewelers Ltd	SIG US	8:30	Q3 2015 Earnings Call	Q3 2015
Chico's FAS Inc	CHS US	8:30	Q3 2015 Earnings Call	Q3 2015
DSW Inc	DSW US	8:30	Q3 2015 Earnings Call	Q3 2015
Eaton Vance Corp	EV US	9:00	Q4 2014 Earnings Release	Q4 2014	0.643
Tech Data Corp	TECD US	9:00	Q3 2015 Earnings Call	Q3 2015
Hormel Foods Corp	HRL US	9:30	Q4 2014 Earnings Call	Q4 2014
Eaton Vance Corp	EV US	11:00	Q4 2014 Earnings Call	Q4 2014
Valspar Corp/The	VAL US	11:00	Q4 2014 Earnings Call	Q4 2014
Copart Inc	CPRT US	11:00	Q1 2015 Earnings Call	Q1 2015
Veeva Systems Inc	VEEV US	16:30	Q3 2015 Earnings Call	Q3 2015
Analog Devices Inc	ADI US	Aft-mkt	Q4 2014 Earnings Release	Q4 2014	0.68
Hewlett-Packard Co	HPQ US	Aft-mkt	Q4 2014 Earnings Release	Q4 2014	1.056
Veeva Systems Inc	VEEV US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	0.08
Campbell Soup Co	CPB US		Q1 2015 Earnings Release	Q1 2015	0.721
Tiffany & Co	TIF US		Q3 2015 Earnings Release	Q3 2015	0.772
DSW Inc	DSW US		Q3 2015 Earnings Release	Q3 2015	0.521

BARCHART MORNING CALL 9/9

BARCHART MORNING CALL

Tuesday, September 9th, 2014View Older Reports

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OVERNIGHT MARKETS AND NEWS

September E-mini S&Ps (ESU14 +0.07%) this morning are up +0.02% and European stocks are down -0.26%. The EU's second package of economic sanctions against Russia was put on hold for a "few days" to allow for more time to assess the viability of a cease-fire and a peace plan in Ukraine, according to EU President Van Rompuy. Losses in European stocks were limited and the British pound recovered from a 9-1/2 month low against the dollar after UK Aug industrial production rose more than expected. GBP/USD also received support from comments from BOE Governor Carney who said "the point at which interest rates also begin to normalize is getting closer." Asian stocks closed mixed: Japan +0.28%, Hong Kong and South Korea closed for holiday, China -0.16%, Taiwan +0.29%, Australia +0.55%, Singapore +0.23%, India -0.20%. Japanese exporters rallied and led the Nikkei Stock Index higher after the yen slumped to a 5-3/4 year low against the dollar, which boosts the earnings prospects of exporters. Commodity prices are mixed. Oct crude oil (CLV14 +1.36%) is up +0.85%. Oct gasoline (RBV14 +0.30%) is down -0.25%. Dec gold (GCZ14 +0.21%) is up +0.20%. Dec copper (HGZ14 -0.79%) is down 0.79%. Agriculture and livestock prices are mixed. The dollar index (DXY00 +0.12%) is up +0.09% at a new 13-3/4 month high. EUR/USD (^EURUSD) is down -0.07% at a 13-3/4 month low. USD/JPY (^USDJPY) is up +0.15% at a 5-3/4 year high. Dec T-note prices (ZNZ14 -0.28%) are down -10 ticks.
UK Aug industrial production rose +0.5% m/m and +1.7% y/y, better than expectations of +0.2% m/m and +1.3% y/y. Aug manufacturing production rose +0.3% m/m and +2.2% y/y, right on expectations.
Japan Aug consumer confidence unexpectedly fell -0.3 to 41.2, weaker than expectations of +0.8 to 42.3.
Japan Aug machine tool orders rose +35.6% y/y, the eleventh consecutive month of year-over-year increases.
The Japan Jul tertiary industry index was unchanged m/m, weaker than expectations of +0.2% m/m.

U.S. STOCK PREVIEW

Today’s July JOLTS U.S. job openings report is likely to post a new 13-1/3 year high of 4.7 million, an indication that the supply of new unfilled jobs has reached the highest level since February 2001. The Treasury today will sell $27 billion of 3-year T-notes, kicking off this week’s $61 billion coupon package. There are four Russell 1000 companies that report earnings today: John Wiley & Sons (consensus: $0.53), HD Supply Holdings 0.47, Palo Alto Networks 0.11 and Leidos Holdings 0.62.
Equity conferences the rest of this week include: Morgan Stanley Healthcare Conference on Mon-Wed, Barclays Global Financial Services Conference on Mon-Wed, D.A. Davidson Engineering & Construction Conference on Tue, KeyBanc Capital Markets Basic Materials & Packaging Conference on Tue, 4G World 2014/Tower & Small Cell Summit on Tue, Gabelli & Company Aerospace Conference on Tue, Gabelli Aircraft Suppliers Conference on Tue, Raymond James North American Equities Conference on Tue, Deutsche Bank dbAccess Technology Conference on Tue-Wed, RBC Capital Market Global Industrials Conference on Tue-Wed, UBS Best of Americas Conference on Tue-Thu, Latin Markets Mexico Energy Summit on Wed, Pareto Oil & Offshore Conference on Wed, Longbow Research - Industrial Manufacturing & Technology Investor Conference on Wed, Goldman Sachs Communacopia Conference on Wed-Fri, UBS Global Paper & Forest Products Conference on Thu, BIO Latin America Conference on Thu, and Credit Suisse Asian Technology Conference on Thu.

OVERNIGHT U.S. STOCK MOVERS

Ralph Lauren (RL -0.23%) was upgraded to 'Strong Buy' from 'Buy' at ISI Group.
Total (TOT -2.26%) was upgraded to 'Neutral' from 'Underperform' at BofA/Merrill.
HD Supply (HDS -0.83%) reported Q2 adjusted EPS of 51 cents, better than consensus of 47 cents.
Leidos (LDOS -0.89%) reported Q2 EPS of 61 cents, less than consensus of 62 cents, and then lowered guidance on fiscal 2015 EPS view to $2.10-$2.30 from $2.35-$2.55, well below consensus of $2.47.
Dick's Sporting Goods (DKS -0.46%) was downgraded to 'Market Perform' from 'Outperform' at Wells Fargo.
The U.S. airline sector, which includes United Continental (UAL +0.79%), Delta Air Lines (DAL -0.46%) and American Airlines (AAL +1.00%), were initiated with an 'Overweight' at Credit Suisse.
D.R. Horton (DHI +0.75%) and Lennar (LEN +0.44%) were both upgraded to 'Overweight' from 'Neutral' at JPMorgan.
Annie's (BNNY -1.12%) surged over 30% in after-hours trading after General Mills (GIS -0.58%) said it will buy the company for $46 per share in cash or about $820 million.
Pep Boys (PBY +1.97%) dropped over 6% in after-hours trading afte rit reported Q2 EPS of 0 cents with items, well below consensus of 16 cents.
CHC Group (HELI -1.89%) reported a Q1 EPS loss of -46 cents, less than consensus of -47 cents.
Casey's General Stores (CASY -0.54%) rose over 3% in after-hours trading after it reported Q1 EPS of $1.43, well above consensus of $1.24.

MARKET COMMENTS

Sep E-mini S&Ps (ESU14 +0.07%) this morning are up +0.50 of a point (+0.02%). The S&P 500 Index on Monday closed lower: S&P 500 -0.31%, Dow Jones -0.15%, Nasdaq +0.14%. Negative factors included (1) Chinese economic concerns after China Aug imports unexpectedly fell -2.4% y/y, weaker than expectations of +3.0% y/y and the biggest decline in 5 months, and (2) European economic concerns after the Eurozone Sep Sentix investor confidence dropped -12.5 points to -9.8, a bigger decline than expectations of -1.3 to 1.4 and the lowest in 14 months.
Dec 10-year T-notes (ZNZ14 -0.28%) this morning are down -10 ticks. Dec 10-year T-note futures prices on Monday closed lower. The main bearish factor for T-note prices is supply pressures with the Treasury set to auction $61 billion of T-notes and T-bonds this week starting with Tuesday's $27 billion auction of 3-year T-notes. Losses were limited after Morgan Stanley reduced its year-end 10-year T-note yield forecast to 2.85% from 3.00%, citing global geopolitical concerns and weakness in the European growth outlook. Closes: TYZ4 -3.50, FVZ4 -4.75.
The dollar index (DXY00 +0.12%) this morning is up +0.078 (+0.09%) at a new 13-3/4 month high. EUR/USD (^EURUSD) is down -0.0009 (-0.07%) at a 13-3/4 month low and USD/JPY (^USDJPY) is up +0.16 (+0.15%) at a fresh 5-3/4 year high. The dollar index on Monday surged to a 13-3/4 month high and closed higher. Bullish factors included (1) weakness in EUR/USD which slumped to a 13-3/4 month low after the Eurozone Sep Sentix investor confidence fell more than expected to a 14-month low, and (2) a surge in USD/JPY to a 5-3/4 year high as the yen plunged against the dollar on signs the Japanese economy is weaker than anticipated after Japan Q2 GDP was revised lower to -7.1% q/q annualized, the biggest pace of contraction in 5 years. Closes: Dollar index +0.493 (+0.59%), EUR/USD -0.0054 (-0.42%), USD/JPY +0.989 (+0.94%).
Oct WTI crude oil (CLV14 +1.36%) this morning is up +79 cents (+0.85%) and Oct gasoline (RBV14 +0.30%) is down -0.0064 (-0.25%). Oct crude and gasoline prices on Monday closed lower for a third day with Oct crude at a 7-3/4 month low and Oct gasoline at a 2-1/2 week low: CLV4 -0.63 (-0.68%), RBV4 -0.0184 (-0.71%). Bearish factors included (1) the rally in the dollar index to a 13-3/4 month high, and (2) Chinese demand concerns after China Aug imports unexpectedly fell by the most in 5 months.

GLOBAL EVENT CALENDAR09/09/2014

US	1000 ET	Jul JOLTS job openings expected 4.700 million, Jun 4.671 million.
	1300 ET	Treasury auctions $27 billion 3-year T-notes.
JPN	0100 ET	Japan Aug consumer confidence index expected +0.8 to 42.3, Jul 41.5.
	0200 ET	Japan Aug machine tool orders, Jul +37.7% y/y.
	1950 ET	Japan Aug PPI expected unch m/m and +4.1% y/y, Jul +0.3% m/m and +4.3% y/y.
	1950 ET	Japan Jul machine orders expected +4.0% m/m and +0.5% y/y, Jun +8.8% m/m and -3.0% y/y.
UK	0430 ET	UK Jul industrial production expected +0.2% m/m and +1.3% y/y, Jun +0.3% m/m and +1.2% y/y.
	0430 ET	UK manufacturing production expected +0.3% m/m and +2.2% y/y, Jun +0.3% m/m and +1.9% y/y.
CHI	n/a	China Aug new yuan loans expected +700.0 billion yuan, Jul +385.2 billion yuan. Aug M2 money supply expected +13.5% y/y, Jul +13.5% y/y.

U.S. STOCK CALENDAR09/09/2014

Company Name	Ticker	Time	Event Description	Period	Estimate
John Wiley & Sons Inc	JW/A US	Bef-mkt	Q1 2015 Earnings Release	Q1 2015	0.53
HD Supply Holdings Inc	HDS US	6:00	Q2 2015 Earnings Release	Q2 2015	0.468
Leidos Holdings Inc	LDOS US	8:00	Q2 2015 Earnings Call	Q2 2015
HD Supply Holdings Inc	HDS US	8:00	Q2 2015 Earnings Call	Q2 2015
SPX Corp	SPW US	9:00	Investor and Analyst Meeting - Day 2	Y 2014
Tyco International Ltd	TYC US	9:00	Extraordinary Shareholders Meeting - Reincorporation Vote	Y 2014
John Wiley & Sons Inc	JW/A US	10:00	Q1 2015 Earnings Call	Q1 2015
Chico's FAS Inc	CHS US	10:00	Analyst Meeting	Y 2014
Lions Gate Entertainment Corp	LGF US	10:00	Annual General Meeting	Y 2014
Tableau Software Inc	DATA US	12:00	Analyst Day	Y 2014
Apple Inc	AAPL US	13:00	Special Media Event-Debut of Latest iPhones
Palo Alto Networks Inc	PANW US	16:30	Q4 2014 Earnings Call	Q4 2014
Palo Alto Networks Inc	PANW US	Aft-mkt	Q4 2014 Earnings Release	Q4 2014	0.108
McDonald's Corp	MCD US		August 2014 Sales and Revenue Release	2014
Actavis plc	ACT US		FDA Adcomm, nebivolol/valsartan fixed-dose combo, hypertension
Leidos Holdings Inc	LDOS US		Q2 2015 Earnings Release	Q2 2015	0.619

BARCHART MORNING CALL 8/27

BARCHART MORNING CALL

Wednesday, August 27th, 2014View Older Reports

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OVERNIGHT MARKETS AND NEWS

September E-mini S&Ps (ESU14 +0.06%) this morning are up +0.04% on increased optimism in the U.S. economic outlook, while European stocks are down -0.16% after a gauge of German consumer confidence fell more than expected. Stocks received a boost on comments from Russian President Putin who met his Ukrainian counterpart in Belarus to discuss an end to the ongoing conflict and said that "Russia, for its part, will do everything for this peace process." European bond markets continue to rally as 10-year yields from Germany, Italy, Spain and France all fell to record lows on speculation the ECB will expand stimulus. Asian stocks closed mostly higher: Japan +0.09%, Hong Kong -0.62%, China +0.15%, Taiwan +0.98%, Australia +0.24%, Singapore +0.55%, South Korea +0.28%, India +0.44%. Commodity prices are mostly higher. Oct crude oil (CLV14 +0.29%) is up +0.28%. Oct gasoline (RBV14 +0.33%) is up +0.23%. Dec gold (GCZ14 +0.05%) is up +0.12%. Sep copper (HGU14 -0.06%) is up +0.06%. Agriculture and livestock prices are mixed. The dollar index (DXY00 -0.14%) is down -0.13% as it retreats from an 11-1/2 month high. EUR/USD (^EURUSD) is up +0.11% as it recovers from an 11-1/2 month low after comments from German Finance Minister Schaeuble fueled short covering when he said that comments made by ECB President Draghi that advocate support for Eurozone fiscal policy were "over-interpreted." USD/JPY (^USDJPY) is down -0.12%. Sep T-note prices (ZNU14 +0.09%) are up +4.5 ticks on carry-over support from a rally in European government bond markets.
German Finance Minister Schaeuble said in an interview in the Passauer Neue Presse that comments made in Jackson Hole, Wyoming by ECB President Draghi were "over-interpreted" after he said that fiscal policy could play a greater role in promoting growth.
The German Jul import price index fell -0.4% m/m and -1.7% y/y, a faster pace of decline than expectations of -0.1% m/m and -1.4% y/y.
The German Sep GfK consumer confidence fell -0.3 to 8.6, a larger decline than expectations of -0.1 to 8.9.

U.S. STOCK PREVIEW

The Treasury today will sell $35 billion of 5-year T-notes and $13 billion of 2-year floating-rate notes. The markets will be watching today’s MBA mortgage apps report for an update on mortgage activity. The MBA index last week rose by +1.4% with the purchase sub-index down by -0.4% and refinancing sub-index up by +2.7%.
There are 9 of the Russell 1000 companies that reports earnings today: Donaldson (consensus $0.47), Tiffany (0.85), Brown-Forman (0.72), Chico's FAS (0.26), Workday (-0.14), Bally Technologies (1.20), Williams-Sonoma (0.53), Greif (0.81), Seadrill (0.74). Equity conferences this week include: ONS 2014 Conference on Mon-Thu, Latin Markets 3rd Annual Peru Capital Projects & Infrastructure Summit on Wed, Simmons European Energy Conference on Wed, Jefferies Semiconductors, Hardware & Communications Infrastructure Summit on Wed, and MIT Sloan Latin America-China Conference on Fri.

OVERNIGHT U.S. STOCK MOVERS

Tiffany & Co. (TIF +0.54%) reported Q2 EPS of 96 cents, better than consensus of 85 cents.
Brown Shoe (BWS +0.51%) reported Q2 EPS of 41 cents, higher than consensus of 35 cents.
Eli Lilly (LLY +0.13%) was initiated with a 'Buy' at Deutsche Bank with a price target of $71 and Pfizer (PFE +1.04%) was also initiated with a 'Buy' at Deutsche Bank with a price target of $34.
Waste Management (WM +0.17%) was upgraded to 'Buy' from 'Hold' at Stifel.
Facebook (FB +1.25%) was downgraded to 'Neutral' from 'Buy' at Janney Capital.
Donaldson (DCI -0.15%) reported Q4 EPS of 50 cents, higher than consensus of 47 cents.
Rent-A-Center (RCII +0.95%) was upgraded to 'Buy' from 'Hold' at Canaccord.
Bristol-Myers (BMY +0.08%) announced that the European Commission has approved Daklinza for use in combination with other medicinal products across genotypes 1, 2, 3 and 4 for the treatment of chronic hepatitis C virus infection in adults.
Smith & Wesson (SWHC -0.08%) slumped over 10% in after-hours trading after it said its sees Q2 EPS of 4 cents-8 cents, well below consensus of 28 cents, and lowered guidance on fiscal 2015 EPS to 89 cents-94 cents, much weaker than consensus of $1.36.
FJ Capital reported a 5.87% passive stake in Sun Bancorp (SNBC +0.52%) .
Dycom (DY +1.20%) reported Q4 EPS of 48 cents, better than consensus of 47 cents.
Bob Evans (BOBE -2.73%) reported Q1 adjusted EPS of 10 cents, right on consensus, although Q1 revenue of $326.3 million was slightly below consensus of $328.61 million.
Analog Devices (ADI +0.54%) reported Q3 EPS of 63 cents, right on consensus, although Q3 revenue of $728 million was higher than consensus of $716.69 million.

MARKET COMMENTS

Sep E-mini S&Ps (ESU14 +0.06%) this morning are up +0.75 of a point (+0.04%). The S&P 500 index and the Dow on Tuesday rallied to new all-time highs and closed higher: S&P 500 +0.11%, Dow Jones +0.17%, Nasdaq +0.10%. Bullish factors included (1) the +22.6% surge in Jul durable goods orders, well above expectations of +8.0% and the most since the data series began in 1992, and (2) the unexpected +2.1 increase in U.S. Aug consumer confidence to 92.4, better than expectations of -1.9 to 89.0 and the highest in 6-3/4 years. Gains in stocks were limited after the Jun S&P/CaseShiller composite-20 home price index fell -0.20% m/m, weaker than expectations of unch m/m.
Sep 10-year T-notes (ZNU14 +0.09%) this morning are up +4.5 ticks. Sep 10-year T-note futures prices Tuesday closed slightly higher. Bullish factors included (1) carry-over support from a rally in European government bonds after 10-year bond yields in Italy, Finland and Spain all dropped to record lows, and (2) the unexpected decline in U.S. Jul durable goods orders ex-transportation. Bearish factors included (1) reduced safe-haven demand after the S&P 500 rallied to a new record high, and (2) the unexpected increase in Aug consumer confidence to a 6-3/4 year high. Closes: TYU4 +2.5, FVU4 +3.00.
The dollar index (DXY00 -0.14%) this morning is down -0.108 (-0.13%). EUR/USD (^EURUSD) is up +0.0015 (+0.11%) and USD/JPY (^USDJPY) is down -0.12 (-0.12%). The dollar index on Tuesday closed higher. Bullish factors included (1) the unexpected increase in U.S. Aug consumer confidence to a 6-3/4 year high, and (2) the slide in EUR/USD to an 11-1/2 month low on divergent central bank policies as the Fed is expected to continue to taper stimulus while the ECB looks to expand monetary stimulus. Closes: Dollar index +0.101 (+0.12%), EUR/USD -0.00249 (-0.19%), USD/JPY +0.006 (+0.01%).
Oct WTI crude oil (CLV14 +0.29%) this morning is up +26 cents (+0.28%) and Oct gasoline (RBV14 +0.33%) is up +0.0061 (+0.23%). Oct crude and gasoline prices on Tuesday closed higher with Oct gasoline at a 1-week high: CLV4 +0.51 (+0.55%), RBV4 +0.0047 (+0.18%). Bullish factors included (1) increased optimism in the U.S. economic outlook after the S&P 500 posted a new record high, and (2) expectations that Wednesday’s weekly EIA inventory report will show crude stockpiles fell -2.5 million bbl and gasoline supplies fell -1.6 million bbl.

GLOBAL EVENT CALENDAR08/27/2014

US	0700 ET	Weekly MBA mortgage applications, previous +1.4% with purchase sub-index -0.4% and refi sub-index +2.7%.
	1030 ET	EIA Weekly Petroleum Status Report.
	1130 ET	Treasury auctions $13 billion 2-year floating-rate notes.
	1300 ET	Treasury auctions $35 billion 5-year T-notes.
GER	0200 ET	German Sep GfK consumer confidence expected -0.1 to 8.9, Aug 9.0.
	0200 ET	German Jul import price index expected -0.1% m/m and -1.4% y/y, Jun +0.2% m/m and -1.2% y/y
CHI	2130 ET	China Jul industrial profits, Jun +17.9% y/y.

U.S. STOCK CALENDAR08/27/2014

Company Name	Ticker	Time	Event Description	Period	Estimate
Donaldson Co Inc	DCI US	6:00	Q4 2014 Earnings Release	Q4 2014	0.471
Chico's FAS Inc	CHS US	8:00	Q2 2015 Earnings Release	Q2 2015	0.26
Chico's FAS Inc	CHS US	8:30	Q2 2015 Earnings Call	Q2 2015
Donaldson Co Inc	DCI US	10:00	Q4 2014 Earnings Call	Q4 2014
Guess? Inc	GES US	16:03	Q2 2015 Earnings Release	Q2 2015	0.288
Guess? Inc	GES US	16:30	Q2 2015 Earnings Call	Q2 2015
Williams-Sonoma Inc	WSM US	17:00	Q2 2015 Earnings Call	Q2 2015
Bally Technologies Inc	BYI US	Aft-mkt	Q4 2014 Earnings Release	Q4 2014	1.199
Williams-Sonoma Inc	WSM US	Aft-mkt	Q2 2015 Earnings Release	Q2 2015	0.534
Greif Inc	GEF US	Aft-mkt	Q3 2014 Earnings Release	Q3 2014	0.813

BARCHART MORNING CALL 6/10

BARCHART MORNING CALL

Tuesday, June 10th, 2014View Older Reports

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OVERNIGHT MARKETS AND NEWS

June E-mini S&Ps (ESM14 -0.23%) this morning are down -0.17% as they fall back from Monday's record high, although European stocks are up +0.25% at a 5-3/4 year high after UK industrial production rose at its fastest annual pace in over 3 years. Asian stocks closed mixed: Japan -0.85%, Hong Kong +0.86%, China +1.26%, Taiwan +0.65%, Australia +0.10%, Singapore -0.34%, South Korea +1.14%, India +0.01%. Chinese stocks rallied as the Shanghai Stock Index climbed to its best level in a week after the PBOC announced a -0.5 point cut in reserve requirements for some banks in a policy move aimed at supporting smaller companies and agriculture. Commodity prices are mixed. July crude oil (CLN14 +0.34%) is up +0.35% at a 3-week high on expectations that Wednesday's weekly EIA inventory data will show crude stockpiles fell -1.5 million bbl. July gasoline (RBN14 +0.16%) is up +0.14%. Aug gold (GCQ14 +0.09%) is down -0.08%. July copper (HGN14 -0.31%) is down -0.51%. Agriculture and livestock prices are mostly higher. The dollar index (DXY00 +0.17%) is up +0.20%. EUR/USD (^EURUSD)is down -0.38%. USD/JPY (^USDJPY) is down -0.20%. Sep T-note prices (ZNU14 -0.08%) are down -2 ticks.
The People's Bank of China (PBOC) announced that effective Jun 16, it will cut the reserve requirement by -0.5 of a percentage point for two-thirds of city commercial banks, 80% of non-county level rural commercial banks and 90% on non-county rural cooperative banks in a policy move aimed at supporting smaller companies and agriculture.
China May CPI rose +2.5% y/y, more than expectations of +2.4% y/y. May PPI fell -1.4% y/y, less than expectations of -1.5% y/y.
UK Apr industrial production rose +0.4% m/m and +3.0% y/y, better than expectations of +0.4% m/m and +2.8% y/y with the +3.0% y/y increase the largest annual gain in 3-1/4 years.
UK Apr manufacturing production rose +0.4% m/m and +4.4% y/y, stronger than expectations of +0.4% m/m and +4.0% y/y with the +4.4% y/y increase the largest annual gain in 3-1/4 years.
The UK May BRC like-for-like retail sales monitor rose +0.5% y/y, less than expectations of +1.6% y/y.
The Japan Apr tertiary industry activity index fell -5.4% m/m, a bigger decline than expectations of -3.4% m/m and matched the Apr 2011 drop as the largest decline in 17 years.

U.S. STOCK PREVIEW

The Treasury today will sell $28 billion of 3-year T-notes. There are three of the Russell 1000 companies that report earnings today: Science Applications (consensus $0.67), HD Supply Holdings (0.17), Ulta Salon (0.74).
Equity conferences during the remainder of this week include: Goldman Sachs European Financials Conference on Tue, Harbor's Aluminum Outlook Summit on Tue, Morgan Stanley Financials Conference on Tue-Wed, Piper Jaffray Consumer Conference on Tue-Wed, Goldman Sachs Global Healthcare Conference on Tue-Thu, William Blair Growth Stock Conference on Tue-Thu, Credit Suisse Future of Payments & Commerce Conference on Wed, Goldman Sachs North American Energy Summit on Wed, Mexico Capital Projects & Infrastructure Summit on Wed, 2nd Annual Mexico Capital Projects & Infrastructure Summit on Wed-Thu, Morgan Stanley Leveraged Finance Conference on Wed-Thu, Drexel Hamilton Aerospace and Defense Conference on Thu, and Robert W. Baird & Co. Inc. Utility & Infrastructure Symposium on Thu.

OVERNIGHT U.S. STOCK MOVERS

Tyson Foods (TSN -6.53%) was downgraded to 'Underperform' from 'Neutral' at Credit Suisse.
SAIC (SAIC -1.22%) reported Q1 EPS of 69 cents, higher than consensus of 66 cents.
Colgate-Palmolive (CL +0.62%) was upgraded to 'Outperform' from 'Market Perform' at BMO Capital.
Twitter (TWTR +3.42%) was upgraded to 'Market Perform' from 'Underperform' at Wells Fargo.
ConocoPhillips (COP +0.01%) was initiated with a 'Buy' at Deutsche Bank with a price target of $94.
Union Pacific (UNP -49.40%) was upgraded to 'Outperform' from 'Sector Perform' at RBC Capital.
Urban Outfitters (URBN +0.81%) said Q2 comparative sales to date are 'approximately flat.'
HD Supply (HDS +0.84%) reported Q1 adjusted EPS of 20 cents, better than consensus of 18 cents.
Las Vegas Sands (LVS -2.16%) was downgraded to 'Neutral' from 'Buy' at UBS.
Netflix (NFLX -1.64%) was upgraded to 'Overweight' from 'Equal Weight' at Evercore.
Chico’s FAS (CHS -0.19%) jumped over 10% in after-hours trading after the Financial Times reported that the company is considering a sale to PE firms and going private.
eBay (EBAY -0.24%) fell 2% in after-hours trading after it announced that PayPal President David Marcus is leaving the company on June 27 to lead Facebook’s (FB +0.61%) messaging products.
Pep Boys ({=PBY reported Q1 EPS of 3 cents, well below consensus of 6 cents.
BlackRock reported a 11.3% passive stake in Washington Prime Group (WPG -0.05%) and a 10.1% passive stake in Quotient (QTNT +1.86%) .
PL Capital reported a 7.1% stake in Banc of California (BANC +1.15%) .
According to Reuters, International Game Technology (IGT +14.39%) hired Morgan Stanley to explore a sale and has attracted interest from rival gaming companies as well as private equity firms.
Casey's General Stores (CASY +3.34%) reported Q4 EPS of 59 cents, better than consensus of 53 cents.

MARKET COMMENTS

June E-mini S&Ps (ESM14 -0.23%) this morning are down -3.25 points (-0.17%). The S&P 500 index on Monday climbed to yet another new record high and closed higher. Bullish factors included (1) reduced Chinese economic concerns after China May exports rose +7.0% y/y, better than expectations of +6.7% y/y, and (2) increased M&A activity after Merck agreed to buy Idenix Pharmaceuticals for $3.9 billion, Analog Devices bought Hittite Microwave for $2 billion, and Tyson Foods made a binding offer to buy Hillshire Brands for $7.7 billion. Closes: S&P 500 +0.09%, Dow Jones +0.11%, Nasdaq +0.03%.
Sep 10-year T-notes (ZNU14 -0.08%) this morning are down -2 ticks. Sep 10-year T-note futures prices on Monday closed lower. Bearish factors for T-notes included (1) supply pressures as the Treasury auctions $62 billion of T-notes this week starting with Tuesday’s $28 billion auction of 3-year T-notes, and (2) reduced safe-haven demand after the S&P 500 climbed to a new record high. Closes: TYU4 -5.50, FVU4 -5.50.
The dollar index (DXY00 +0.17%) this morning is up +0.158 (+0.20%). EUR/USD (^EURUSD) is down -0.0051 (-0.38%). USD/JPY (^USDJPY) is down -0.20 (-0.20%). The dollar index on Monday closed higher. Supportive factors included (1) weakness in EUR/USD after Eurozone Jun Sentix investor confidence unexpectedly fell -4.3 to a 6-month low of 8.5, and (2) speculation that divergent monetary policies among global central banks will boost the dollar’s interest rate differentials versus the euro and yen as the Fed continues to taper QE3 while the BOJ and ECB expand their monetary stimulus measures. Closes: Dollar Index +0.244 (+0.30%), EUR/USD -0.00488 (-0.36%), USD/JPY +0.038 (+0.04%).
July WTI crude oil (CLN14 +0.34%) this morning is up +37 cents (+0.35%) at a 3-week high. July gasoline (RBN14 +0.16%) is up +0.0041 (+0.14%). July crude and gasoline prices on Monday climbed to 1-week highs and closed higher. Bullish factors included (1) signs of strength in the global economy after China May exports rose more than expected, and (2) the rally in the S&P 500 to another record high, which bolsters confidence in the economic outlook and energy demand. Closes: CLN4 +1.75 (+1.70%) RBN4 +0.0458 (+1.56%).

GLOBAL EVENT CALENDAR06/10/2014

US	1000 ET	Apr wholesale inventories expected +0.6% m/m, Mar +1.1% m/m. Apr wholesale sales expected +0.9%, Mar +1.4% m/m.
	1300 ET	Treasury auctions $28 billion 3-year T-notes.
JPN	0200 ET	Japan May machine tool orders, Apr +48.7% y/y.
	1950 ET	Japan Q2 BSI large all industry business conditions, Q1 12.7. Q2 BSI large manufacturing business condition, Q1 12.5.
	1950 ET	Japan May domestic CGPI expected +0.1% m/m and +4.1% y/y, Apr +2.8% m/m and +4.1% y/y.
UK	0430 ET	UK Apr industrial production expected +0.4% m/m and +2.8% y/y, Mar -0.1% m/m and +2.3% y/y.
	0430 ET	UK Apr manufacturing production expected +0.4% m/m and +4.0% y/y, Mar +0.5% m/m and +3.3% y/y.

U.S. STOCK CALENDAR06/10/2014

Company Name	Ticker	Time	Event Description	Period	Estimate
Science Applications International Corp	SAIC US	Bef-mkt	Q1 2015 Earnings Release	Q1 2015	0.665
HD Supply Holdings Inc	HDS US	6:00	Q1 2015 Earnings Release	Q1 2015	0.173
HD Supply Holdings Inc	HDS US	8:00	Q1 2015 Earnings Call	Q1 2015
Science Applications International Corp	SAIC US	8:00	Q1 2015 Earnings Call	Q1 2015
Covanta Holding Corp	CVA US	8:30	Business Update Call
TD Ameritrade Holding Corp	AMTD US	8:30	May 2014 Sales and Revenue Release	2014
MetLife Inc	MET US	8:45	Investor Conference-New York	Y 2014
Aaron's Inc	AAN US	9:00	Annual General Meeting	Y 2014
3D Systems Corp	DDD US	9:00	Investor and Analyst Meeting	Y 2014
General Motors Co	GM US	9:30	Annual General Meeting	Y 2014
White Mountains Insurance Group Ltd	WTM US	10:00	Investor Meeting	Y 2014
Best Buy Co Inc	BBY US	10:30	Annual General Meeting	Y 2014
Essex Property Trust Inc	ESS US	16:00	Annual General Meeting	Y 2014
Ulta Salon Cosmetics & Fragrance Inc	ULTA US	17:00	Q1 2015 Earnings Call	Q1 2015
Ulta Salon Cosmetics & Fragrance Inc	ULTA US	Aft-mkt	Q1 2015 Earnings Release	Q1 2015	0.741
Autodesk Inc	ADSK US	17:30	Annual General Meeting	Y 2014
TJX Cos Inc/The	TJX US		Annual General Meeting
Alliant Energy Corp	LNT US		Roadshow-Day 1	Y 2014
United Parcel Service Inc	UPS US		Roadshow - Zurich	Y 2014
Hospitality Properties Trust	HPT US		Annual General Meeting
AMC Networks Inc	AMCX US		Annual General Meeting
Endo International PLC	ENDP US		Annual General Meeting
LinkedIn Corp	LNKD US		Annual General Meeting
KAR Auction Services Inc	KAR US		Annual General Meeting
Splunk Inc	SPLK US		Annual General Meeting
Pinnacle Foods Inc	PF US		Annual General Meeting