MORNING CALL 7/26

MORNING CALL

Tuesday, July 26th, 2016View Older Reports

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OVERNIGHT MARKETS AND NEWS

Sep E-mini S&Ps (ESU16 -0.08%) this morning are little changed as the market awaits tomorrow's outcome of the 2-day FOMC meeting that begins today. The chances are virtually zero for a Fed rate hike but the market is still a little nervous that the FOMC may adopt slightly more hawkish language in its post-meeting statement. The Euro Stoxx 50 index this morning is mildly lower by -0.19%. Japanese stocks today closed down -1.43% after Japanese Finance Aso poured cold water on hopes for a big fiscal stimulus program when he said that the government will "leave actual policy measures to the BOJ." Other Asian stock markets today closed mostly higher: Hong Kong +0.62%, China Shanghai +1.14%, Taiwan +0.37%, Australia +0.07%, Singapore +0.12%, South Korea +0.83%, India -0.42%, Turkey -0.48%.

The dollar index (DXY00 -0.23%) this morning is mildly lower by -0.27% this morning. EUR/USD (^EURUSD) is up +0.0012 (+0.11%). USD/JPY (^USDJPY) is sharply lower by -1.42 yen (-1.34%) on Japanese Finance Minister Aso's comments that dampened hopes for an aggressive new round of Japanese fiscal stimulus. The BOJ meets later this week. Sterling is down -0.1% this morning after BOE MPC member Martin Weale said in an interview with the Financial Times that he favors immediate monetary stimulus because Brexit has shaken the UK economy more than he expected. The market is widely expecting the BOE at its meeting next week to cut interest rates by 25 bp from 0.50% in response to Brexit.

Sep 10-year T-note prices (ZNU16 +0.09%) this morning are up +3 ticks as the market awaits Wednesday's FOMC announcement.

Commodity prices this morning are little changed on net. Sep WTI crude oil (CLU16 -1.16%) is down -0.43 (-1.00%) and Sep gasoline (RBU16 -1.44%) is down -0.0174 (-1.30%) on a continued slide on high crude oil and product inventories and the 2-month rise in U.S. active oil rigs that will boost U.S. oil production. Metals prices are mixed with some support from the weaker dollar index. Aug gold (GCQ16 +0.01%) is up +0.9 (+0.07), Sep silver (SIU16+0.24%) is up +0.068 (+0.35%), and Sep copper (HGU16 -0.43%) is down -0.007 (-0.32%). Grains this morning are mixed with Dec corn down -0.25(-0.07%), Sep soybeans up +7.00 (+0.72%), and Sep wheat down -2.75 (-0.64%). Softs this morning are trading higher with some support from the weaker dollar: Oct sugar +0.11 (+0.55%), Sep coffee +1.10 (+0.78%), Sep cocoa +6 (+0.21%), and Dec cotton +0.35 (+0.48%).

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) May S&P/CaseShiller composite-20 home price index (expected +0.2% m/m and +5.6% y/y, Apr +0.45% m/m and +5.44% y/y), (2) prelim-Jul Markit services PMI (expected +0.6 to 52.0, Jun 51.4. Jul Markit composite PMI, Jun 51.2), (3) Jul consumer confidence from the Conference Board (expected -2.5 to 95.5, Jun +5.6 to 98.0), (4) Jul Richmond Fed manufacturing survey (expected +3 to -4, Jun -6 to -7), (5) Jun new home sales (expected +1.6% to 560,000, May -6.0% to 551,000), (6) FOMC begins 2-day meeting, and (7) Treasury auctions $34 billion of 5-year T-notes.

There are 46 of the S&P 500 companies that report earnings today with notable reports including: Apple (consensus $1.39), Caterpillar (0.96), Verizon (0.92), McDonalds (1.39), Under Amour (0.03).

U.S. IPO's scheduled to price today: Kadmon Holdings (KDMN).

Equity conferences this week include: none.

Sep E-mini S&Ps this morning are little changed as the market awaits the results of the 2-day FOMC meeting that begins today. Monday's closes: S&P 500-0.30%, Dow Jones -0.42%, Nasdaq -0.05%. The S&P 500 on Monday closed lower on concern that the FOMC at its Tue-Wed meeting might adopt more hawkish language and on long liquidation pressure after the sharp rally seen in the first half of July. Stocks were also undercut by weakness in energy producers after the -2.4% sell-off in Sep crude oil prices.

OVERNIGHT U.S. STOCK MOVERS

• Today is a big day for earnings results with 46 of the SPX companies scheduled to report.
• Positive earnings results so far this morning include du Pont (DD +0.66%) (1.24 vs consensus of 1.10), Centene (CNC -0.17%) (1.10 vs 1.09), Avery Denison (AVY -0.47%) (1.09 vs 1.01), Waters Corp (WAT -0.64%) (1.58 vs 1.45), DTE Energy (DTE -0.59%) (0.98 vs 0.89), United Technologies ({=UTX) (1.82 vs 1.68), Baxter (BAX -0.47%) (0.46 vs 0.40), Verizon (VZ -0.41%) (0.94 vs 0.92), Masco (MAS +1.30%) (0.46 vs 0.43), Fidelity National Information Services (FIS -0.10%) (0.90 vs 0.87), Valero (VLO +0.82%) (1.07 vs 0.99).
• Negative earnings results this morning include Reynolds American (RAI +0.04%) (0.58 vs 0.61), Starwood (HOT +0.18%) (0.71 vs 0.73), KeyCorp (KEY-1.10%) (0.27 vs 0.28), Nielsen (NLSN -1.06%) (0.71 vs 0.715), and Under Armour (UA +1.73%) (0.01 vs 0.04).
• Annheuser-Busch InBev (ABI Euronext) raised its offer for SABMiller Plc (SAB London) by 2.3% to 79 billion pounds to account for the Brexit-related plunge in sterling.
• Commerzbank AG (CMZB) is down nearly 5% this morning after reporting a deterioration of a capital strength ratio and helped drag down other European banks ahead of Friday's stress-test results.
• CoreLogic (CLGX -0.69%) rallied +6% in after-hours trading on positive earnings results along with higher 2016 guidance and a boost in full-year repurchase target.
• Texas Instruments (TXN +1.11%) rallied +5% in after-hours trading on positive earnings results of 76 cents vs expectations of 72 cents.
• Celgene (CELG +0.38%) fell -3% in after-hours trading on disappointing news about its "Remarc" product.
• Las Vegas Sands (LVS +1.01%) rallied +3% in after-hours trading despite weaker-than-expected earnings results as the company indicated a possible turnaround in Macau.
• Gilead Sciences (GILD +2.31%) fell -4% in after-hours trading after reducing its 2016 sales forecast.
• MB Financial (MBFI +0.26%) will replace First Niagra (FNFG) in the S&P MidCap 400.

MARKET COMMENTS

Sep 10-year T-note prices this morning up 3 ticks. Monday's closes: TYU6 -2, FVU6 -3. Sep 10-year T-notes on Monday closed mildly lower on supply overhang amidst this week's $103 billion T-note package and on some concern that the FOMC at its Tue-Wed meeting might adopt more hawkish language in its post-meeting statement. T-notes found some support from the mild sell-off in stocks and on the -2.6% drop in crude oil prices, which pushed the 10-year breakeven inflation expectations rate lower by -2 bp to 1.50%.

The dollar index this morning is mildly lower by -0.27% mainly due to yen strength as USD/JPY fell sharply by -1.42 yen (-1.34%) on reduced hopes for a large Japanese fiscal stimulus package. Monday's closes: Dollar index -0.18 (-0.19%), EUR/USD +0.0018 (+0.16%), USD/JPY -0.32 (-0.30%). The dollar index on Monday edged to a new 4-1/2 month high but fell back and closed mildly lower. The dollar was undercut by some long liquidation pressure in the dollar index after posting a new 4-1/2 month high. In addition, EUR/USD saw some strength on the stronger-than-expected German IFO business climate index, which fell -0.4 points to 108.3, stronger than market expectations of -1.2 to 107.5. The dollar index found some support on the possibility that the FOMC in its post-meeting statement to be released on Wednesday might adopt slightly more hawkish language.

Sep WTI crude oil is down -0.43 (-1.00%) and Sep gasoline is down -0.0174 (-1.30%) on a continued slide on high crude oil and product inventories and the 2-month rise in U.S. active oil rigs that will boost U.S. oil production. Monday's closes: CLU6 -1.06 (-2.40%), RBU6 -0.0280 (-2.06%). Sep crude oil and gasoline closed sharply lower on Monday on technical selling with a new 3-month low in Sep crude oil and on carry-over pressure from last Friday's Baker Hughes report that the number of active U.S. oil rigs rose by +14 rigs to 371, bringing the 8-week upward rebound to a total of +55 rigs (+17.4%).

GLOBAL EVENT CALENDAR07/26/2016

		Tuesday, July 26
US	0900 ET	May S&P/CaseShiller composite-20 home price index expected +0.2% m/m and +5.6% y/y, Apr +0.45% m/m and +5.44% y/y.
	0945 ET	Prelim-Jul Markit services PMI expected +0.6 to 52.0, Jun 51.4. Jul Markit composite PMI, Jun 51.2.
	1000 ET	Jul consumer confidence (Conference Board) expected -2.5 to 95.5, Jun +5.6 to 98.0.
	1000 ET	Jul Richmond Fed manufacturing survey expected +3 to -4, Jun -6 to -7.
	1000 ET	Jun new home sales expected +1.6% to 560,000, May -6.0% to 551,000.
	1030 ET	FOMC begins 2-day meeting.
	1300 ET	Treasury auctions $34 billion of 5-year T-notes.
CHI	2130 ET	China Jun industrial profits, Jun +3.7% y/y.
	2145 ET	China Jul Westpac-MNI consumer sentiment, Jun +1.7 to 115.9.
		Wednesday, July 27
US	0700 ET	Weekly MBA mortgage applications, previous -1.3% with purchase sub-index -2.0% and refi sub-index down -0.9%.
	0830 ET	Jun durable goods orders expected -1.1% and +0.3% ex-transportation, May -2.3% and -0.3% ex-transportation. Jun capital goods orders nondefense ex-aircraft expected +0.4%, May -0.4%.
	1000 ET	Jun pending home sales expected +1.2% m/m and +3.0% y/y, May -3.7% m/m and +2.4% y/y.
	1030 ET	EIA Weekly Petroleum Status Report.
	1130 ET	Treasury auctions $15 billion of 2-year floating-rate notes.
	1400 ET	FOMC announces interest rate decision; 0.25%-0.50% fed funds rate target expected unchanged.
GER	0200 ET	German Jun import price index expected +0.6% m/m and -4.6% y/y, May +0.9% m/m and -5.5% y/y.
	0200 ET	German Aug GfK consumer confidence expected -0.2 to 9.9, Jul +0.3 to 10.1.
EUR	0400 ET	Eurozone Jun M3 money supply, May +4.9% y/y.
UK	0430 ET	UK Q2 GDP expected +0.5% q/q and +2.1% y/y, Q1 +0.4% q/q and +2.0% y/y.
	0430 ET	UK May index of services expected +0.1% m/m and +0.3% 3-mo/3-mo, Apr +0.6% m/m and +0.5% 3-mo/3-mo.
	0600 ET	UK Jul CBI retailing reported sales expected -3 to 1, Jun -3 to 4

U.S. STOCK CALENDAR07/26/2016

Company	Ticker	Time	Event Description	Period	Estimate
Baxter International Inc	BAX	Bef-mkt	Q2 2016 Earnings Release	Q2 2016	0.396
Freeport-McMoRan Inc	FCX	Bef-mkt	Q2 2016 Earnings Release	Q2 2016	-0.008
TEGNA Inc	TGNA	Bef-mkt	Q2 2016 Earnings Release	Q2 2016	0.474
McDonald's Corp	MCD	Bef-mkt	Q2 2016 Earnings Release	Q2 2016	1.385
United Technologies Corp	UTX	Bef-mkt	Q2 2016 Earnings Release	Q2 2016	1.681
KeyCorp	KEY	Bef-mkt	Q2 2016 Earnings Release	Q2 2016	0.276
Waters Corp	WAT	Bef-mkt	Q2 2016 Earnings Release	Q2 2016	1.447
Valero Energy Corp	VLO	Bef-mkt	Q2 2016 Earnings Release	Q2 2016	0.993
Reynolds American Inc	RAI	Bef-mkt	Q2 2016 Earnings Release	Q2 2016	0.608
DTE Energy Co	DTE	Bef-mkt	Q2 2016 Earnings Release	Q2 2016	0.888
Fidelity National Information Services Inc	FIS	Bef-mkt	Q2 2016 Earnings Release	Q2 2016	0.867
Nielsen Holdings PLC	NLSN	Bef-mkt	Q2 2016 Earnings Release	Q2 2016	0.716
EI du Pont de Nemours & Co	DD	6:00	Q2 2016 Earnings Release	Q2 2016	1.101
Centene Corp	CNC	6:00	Q2 2016 Earnings Release	Q2 2016	1.084
Starwood Hotels & Resorts Worldwide Inc	HOT	6:30	Q2 2016 Earnings Release	Q2 2016	0.733
Eli Lilly & Co	LLY	6:30	Q2 2016 Earnings Release	Q2 2016	0.856
Avery Dennison Corp	AVY	6:45	Q2 2016 Earnings Release	Q2 2016	1.014
Masco Corp	MAS	7:00	Q2 2016 Earnings Release	Q2 2016	0.426
Under Armour Inc	UA	7:15	Q2 2016 Earnings Release	Q2 2016	0.032
Verizon Communications Inc	VZ	7:30	Q2 2016 Earnings Release	Q2 2016	0.921
Caterpillar Inc	CAT	7:30	Q2 2016 Earnings Release	Q2 2016	0.959
3M Co	MMM	7:30	Q2 2016 Earnings Release	Q2 2016	2.063
T Rowe Price Group Inc	TROW	7:30	Q2 2016 Earnings Release	Q2 2016	0.725
EI du Pont de Nemours & Co	DD	8:00	Q2 2016 Earnings Call	Q2 2016
Masco Corp	MAS	8:00	Q2 2016 Earnings Call	Q2 2016
PACCAR Inc	PCAR	8:00	Q2 2016 Earnings Release	Q2 2016	1.023
Waters Corp	WAT	8:00	Q2 2016 Earnings Call	Q2 2016
Nielsen Holdings PLC	NLSN	8:00	Q2 2016 Earnings Call	Q2 2016
Baxter International Inc	BAX	8:30	Q2 2016 Earnings Call	Q2 2016
Verizon Communications Inc	VZ	8:30	Q2 2016 Earnings Call	Q2 2016
United Technologies Corp	UTX	8:30	Q2 2016 Earnings Call	Q2 2016
Express Scripts Holding Co	ESRX	8:30	Q2 2016 Earnings Call	Q2 2016
Centene Corp	CNC	8:30	Q2 2016 Earnings Call	Q2 2016
Fidelity National Information Services Inc	FIS	8:30	Q2 2016 Earnings Call	Q2 2016
Under Armour Inc	UA	8:30	Q2 2016 Earnings Call	Q2 2016
Eli Lilly & Co	LLY	9:00	Q2 2016 Earnings Call	Q2 2016
3M Co	MMM	9:00	Q2 2016 Earnings Call	Q2 2016
KeyCorp	KEY	9:00	Q2 2016 Earnings Call	Q2 2016
Reynolds American Inc	RAI	9:00	Q2 2016 Earnings Call	Q2 2016
DTE Energy Co	DTE	9:00	Q2 2016 Earnings Call	Q2 2016
Freeport-McMoRan Inc	FCX	10:00	Q2 2016 Earnings Call	Q2 2016
TEGNA Inc	TGNA	10:00	Q2 2016 Earnings Call	Q2 2016
Legg Mason Inc	LM	10:00	Annual General Meeting
Avery Dennison Corp	AVY	11:00	Q2 2016 Earnings Call	Q2 2016
Caterpillar Inc	CAT	11:00	Q2 2016 Earnings Call	Q2 2016
McDonald's Corp	MCD	11:00	Q2 2016 Earnings Call	Q2 2016
AvalonBay Communities Inc	AVB	11:00	Q2 2016 Earnings Call	Q2 2016
Valero Energy Corp	VLO	11:00	Q2 2016 Earnings Call	Q2 2016
PACCAR Inc	PCAR	12:00	Q2 2016 Earnings Call	Q2 2016
Akamai Technologies Inc	AKAM	16:01	Q2 2016 Earnings Release	Q2 2016	0.636
Anadarko Petroleum Corp	APC	16:05	Q2 2016 Earnings Release	Q2 2016	-0.743
Robert Half International Inc	RHI	16:15	Q2 2016 Earnings Release	Q2 2016	0.733
Edwards Lifesciences Corp	EW	16:15	Q2 2016 Earnings Release	Q2 2016	0.699
Ameriprise Financial Inc	AMP	16:15	Q2 2016 Earnings Release	Q2 2016	2.26
Apple Inc	AAPL	16:30	Q3 2016 Earnings Release	Q3 2016	1.389
Akamai Technologies Inc	AKAM	16:30	Q2 2016 Earnings Call	Q2 2016
CR Bard Inc	BCR	17:00	Q2 2016 Earnings Call	Q2 2016
Robert Half International Inc	RHI	17:00	Q2 2016 Earnings Call	Q2 2016
Total System Services Inc	TSS	17:00	Q2 2016 Earnings Call	Q2 2016
Apple Inc	AAPL	17:00	Q3 2016 Earnings Call	Q3 2016
Illumina Inc	ILMN	17:00	Q2 2016 Earnings Call	Q2 2016
Juniper Networks Inc	JNPR	17:00	Q2 2016 Earnings Call	Q2 2016
Edwards Lifesciences Corp	EW	17:00	Q2 2016 Earnings Call	Q2 2016
CR Bard Inc	BCR	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	2.469
Total System Services Inc	TSS	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	0.72
UDR Inc	UDR	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	0.442
Universal Health Services Inc	UHS	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	1.938
Cincinnati Financial Corp	CINF	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	0.467
Linear Technology Corp	LLTC	Aft-mkt	Q4 2016 Earnings Release	Q4 2016	0.534
Range Resources Corp	RRC	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	-0.185
Zions Bancorporation	ZION	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	0.411
Chubb Ltd	CB	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	2.211
Equity Residential	EQR	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	0.76
Citrix Systems Inc	CTXS	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	1.142
CH Robinson Worldwide Inc	CHRW	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	1.003
Illumina Inc	ILMN	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	0.733
Juniper Networks Inc	JNPR	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	0.47
Assurant Inc	AIZ	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	1.388
Citrix Systems Inc	CTXS	17:15	Q2 2016 Earnings Call	Q2 2016
Zions Bancorporation	ZION	17:30	Q2 2016 Earnings Call	Q2 2016
Boston Properties Inc	BXP	18:00	Q2 2016 Earnings Release	Q2 2016	1.391
Alaska Air Group Inc	ALK		Extraordinary Shareholders Meeting	Y 2016

MORNING CALL 6/17

MORNING CALL

Friday, June 17th, 2016View Older Reports Everything you need to know about the markets in one free daily newsletter. E-mail:   You will also receive a free subscription to the Barchart family of newsletters. OVERNIGHT MARKETS AND NEWS Sep E-mini S&Ps are down -0.18% and European stocks are up +1.07% as Brexit concerns temporarily receded after campaigning over whether the UK should leave the European Union was suspended for a second day today after the murder of Labor lawmaker Jo Cox, an advocate for Britain to remain in the EU. A weaker dollar has also boosted commodity prices, which has strengthened energy and raw-material producing stocks. Asian stocks settled higher: Japan +1.07%, Hong Kong +0.66%, China +0.43%, Taiwan +0.87%, Australia +0.32%, Singapore +0.43%, South Korea +0.01%, India +0.38%. The dollar index is down -0.17%. EUR/USD is up +0.33%. USD/JPY is unchanged. Sep T-note prices are down -11 ticks. The BOE warns that if Britain votes next Thursday to leave the European Union, the damage could extend to global markets and the word economy. Central banks around the world are on high alert ahead of the vote with the leaders of the Fed, BOJ, BOC and SNB all citing the vote as being potentially disruptive. The BOE said a vote to leave could have "adverse spillovers to the global economy" through "financial market and confidence channels." U.S. STOCK PREVIEW Key U.S. news today includes: (1) May housing starts (expected -1.9% to 1.150 million, Apr +6.6% to 1.172 million) and May building permits (expected +1.3% to 1.145 million, Apr +4.9% to 1.130 million). None of the Russell 1000 companies report earnings today. U.S. IPO's scheduled to price today: none. Equity conferences today include: none. OVERNIGHT U.S. STOCK MOVERS Phillips 66 (PSX +0.37%) was downgraded to 'Equal Weight' from 'Overweight' at Morgan Stanley. Oracle (ORCL +0.52%) climbed over 2% in after-hours trading after it reported Q4 adjusted EPS of 81 cents, below consensus of 82 cents, but Q4 adjusted revenue of $10.6 billion was higher than consensus of $10.47 billion. Smith & Wesson (SWHC +1.26%) jumped nearly 7% in after-hours trading after it reported Q4 adjusted EPS of 66 cents, well above consensus of 54 cents, and then raised guidance on fiscal 2017 adjusted EPS to $1.83-$1.93, above consensus of $1.66. Parsley Energy (PE -2.77%) was rated a new 'Buy' at Wunderlich Securities with an 18-month price target of $32. Envision Healthcare Holdings (EVHC -6.18%) was downgraded to 'Market Perform' from 'Outperform' at Oppenheimer. Finisar (FNSR +0.80%) rallied over 8% in after-hours trading after it reported Q4 adjusted EPS of 29 cents, above consensus of 25 cents. MGM Resorts International (MGM -1.47%) rose over 4% in after-hours trading after guiding annual adjusted Ebitda benefit to $400 million by the end of 2017 from $300 million previously forecast. Revlon will buy Elizabeth Arden (RDEN -0.21%) for $14/ share cash if deal valued at $870 million. Lumber Liquidators (LL +0.68%) jumped over 10% in after-hours trading after agreed to not resume sales of laminate flooring previously imported from China and the U.S, Consumer Product Safety Commission said it will not order a product recall. ServiceNow (NOW -1.06%) was rated a new 'Market Perform' at Oppenheimer. Paypal Holdings (PYPL +0.35%) was rated a new 'Outperform' at Oppenheimer with a price target of $43. Synergy Resources Corp. (SYRG -4.24%) was rated a 'Strong Buy' at Raymond James with a 12-month price target of $9.50. Stanley Furniture (STLY -1.56%) said it hired Stephens as financial adviser on a strategic review. MARKET COMMENTS September E-mini S&Ps this morning are down -3.75 points (-0.18%). Thursday's closes: S&P 500 +0.31%, Dow Jones +0.53%, Nasdaq +0.21%. The S&P 500 on Thursday rebounded from a 3-week low and closed higher on reduced Brexit concerns after the murder of a UK lawmaker fueled speculation that UK voters will vote to remain in the EU. Stocks were also boosted by stronger-than-expected U.S. economic data after the +6.5 point increase in the Jun Philadelphia Fed business outlook survey to 4.7 (stronger than expectations of +2.8 to 1.0) and the +2 point gain in the Jun NAHB housing market index to 60 (stronger than expectations of +1 to 59 and a 5-month high). Stocks were undercut by the slide in European stocks to a 4-month low on concern about a possible UK "Leave" vote next Thursday. Stocks were also undercut by the unexpected +13,000 increase in weekly initial unemployment claims. Sep 10-year T-note prices this morning are down -11 ticks. Thursday's closes: TYU6 +6.50, FVU6 +3.50. Sep T-notes on Thursday rallied to a new contract high and closed higher on increased safe-haven demand from a slide in global stocks and on carryover support from rallies in 10-year German bunds and Japanese 10-year JGBs to all-time highs. T-notes were also boosted by reduced inflation expectations as the 10-year T-note breakeven inflation rate fell to a 3-1/4 month low. The dollar index this morning is down -0.160 (-0.17%). EUR/USD is up +0.0037 (+0.33%). USD/JPY is unchanged. Thursday's closes: Dollar Index-0.318 (-0.33%), EUR/USD -0.0023 (-0.20%), USD/JPY -1.64 (-1.55%). The dollar index on Thursday climbed to a 1-1/2 week high but fell back and closed lower. The dollar was undercut by a recovery in GBP/USD from a 2-month low after the murder of a UK lawmaker fueled speculation that UK voters will vote to remain in the EU. The dollar was also undercut as USD/JPY plunged to a 1-3/4 year low after the BOJ refrained from expanding stimulus. The dollar found support on weakness in EUR/USD on Brexit fears and on stronger-than-expected U.S. economic data that included the Jun NAHB housing market index and the Jun Philadelphia Fed index. July WTI crude oil this morning is up +71 cents (+1.54%). July gasoline is up +0.0303 (+2.07%). Thursday's closes: CLN6 -1.85 (-3.85%), RBN6 -0.0329(-2.19%). July crude oil and gasoline prices on Thursday closed lower with July crude at a 1-month low and July gasoline at a 5-week low. Crude oil prices were undercut by concern about a possible UK Leave Brexit vote next week and the the fall in the S&P 500 to a 3-week low, which undercuts optimism about the economy and energy demand. GLOBAL EVENT CALENDAR06/17/2016 Friday, June 17, 2016 US 0830 ET May housing starts expected -1.9% to 1.150 million, Apr +6.6% to 1.172 million. May building permits expected +1.3% to 1.145 million, Apr +4.9% to 1.130 million. CHI 2130 ET China May property prices. Sunday, June 19, 2016 UK 1901 ET UK Jun Rightmove house prices, May +0.4% m/m and +7.8% y/y. JPN 1950 ET Japan May trade balance expected +26.5 billion yen, Apr +623.2 billion yen. May exports expected -10.0% y/y, Apr -10.1% y/y. May imports expected -13.7% y/y, Apr -23.3% y/y. Monday, June 20, 2016 JPN 0130 ET Japan May nationwide department store sales, Apr -3.8% y/y. GER 0200 ET German May PPI, Apr +0.1% m/m and -3.1% y/y. EUR 0500 ET Eurozone Apr construction output, Mar -0.9% m/m and -0.5% y/y US 1100 ET USDA weekly grain export inspections. 1300 ET Treasury auctions 2-year T-notes. 1600 ET USDA Weekly Crop Progress. U.S. STOCK CALENDAR06/17/2016 Company Ticker Time Event Description Period Estimate Centene Corp CNC 8:30 Investor Day Y 2016 Eli Lilly & Co LLY 9:00 Diabetes Commercial Update Call Cardinal Health Inc CAH 10:00 Investors and Analysts Meeting - Dublin Y 2016 Signet Jewelers Ltd SIG 10:00 Annual General Meeting Y 2016 Iron Mountain Inc IRM 10:00 Annual General Meeting Y 2016 Time Warner Inc TWX Annual General Meeting Cree Inc CREE ITC Scheduled to Announce Findings in Cree Inc. vs. Feit Electric Patent Case Fortinet Inc FTNT Annual General Meeting

MORNING CALL 3/25

MORNING CALL

Monday, March 28th, 2016View Older Reports

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OVERNIGHT MARKETS AND NEWS

Jun E-mini S&Ps (ESM16 +0.23%) are up +0.28% after last Friday's data showed the U.S. economy expanded more than expected in Q1. European markets are closed for Easter Monday. Also, May crude is up +0.51%, which is giving a boost to energy producing stocks. San Francisco Fed President Williams said that global developments were "the real issue" for policy makers as they decide on the pace of rate hikes. Asian stocks settled mixed: Japan +0.77%, Hong Kong and Australia closed for holiday, China -0.73%, Taiwan -0.17%, Singapore -0.60%, South Korea +0.07%, India -1.46%. China's Shanghai Composite fell to a 1-week low after the China Q1 Beige Book stated that the Chinese economy was still "emanating weakness." Japan's Nikkei Stock index rallied to a 1-week high after the Sankei newspaper reported that Prime Minister Abe plans to delay the scheduled April 2017 consumption-tax increase to 10% from 8%.

The dollar index (DXY00 +0.01%) is up +0.01% at a 1-week high. EUR/USD (^EURUSD) is down -0.04%. USD/JPY (^USDJPY) is up +0.42% at a 1-week high.

Jun T-note prices (ZNM16 -0.15%) are down -6 ticks.

San Francisco Fed President Williams said the U.S. economy is doing "quite well" and "the real issue is the global financial and economic developments" for policy makers as they deliberate on the pace of interest rate increases.

U.S. Q4 GDP was revised upward to 1.4% (q/q annualized) from 1.0% (q/q annualized), stronger than expectations of no change at 1.0%. Q4 personal consumption was revised upward to 2.4% from the previously reported 2.0%.

ECB Governing Council member Knot said that further expansion of the ECB asset purchase program will lead to increased tensions over the prohibition of monetary financing as quantitative easing leads to "higher risks of undesirable side effects like bubbles, an unhealthy search for yield, a rolling over of problematic loans, increasing wealth inequality, and an addiction to low interest rates."

The Q1 China Beige Book, published by CBB International, stated that China's economy is still "emanating weakness" as "the data show that firms first stopped borrowing, then cut spending, and our now becoming allergic to hiring." Also, revenue growth steadied, capital expenditure fell, job growth slid to a 4-year low and retail outperformed business spending.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Feb personal spending (expected +0.1%, Jan +0.5%) and Feb personal income (expected +0.1%, Jan +0.5%), (2) Feb PCE deflator (expected -0.1% m/m and +1.0% y/y, Jan +0.1% m/m and +1.3% y/y) and Feb core PCE deflator (expected +0.2% m/m and +1.8% y/y, Jan +0.3% m/m and +1.7% y/y), (3) Feb pending home sales (expected +1.1% m/m, Jan -2.5% m/m and -0.9% y/y), (4) Mar Dallas Fed manufacturing activity (expected +5.8 to -26.0, Feb +2.8 to -31.8), (5) the Treasury's auction of $26 billion of 2-year T-notes, (6) USDA weekly grain export inspections.

None of the Russell 1000 companies report earnings today.

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

Equity conferences this week include: Barclays Global Cross-Asset Class Materials Conference on Tue, Hart Energy Energy Capital Conference on Tue, Jefferies Animal Health Summit on Thu, William Blair Cancer Immunotherapy A Long-Awaited Reality Conference on Thu.

OVERNIGHT U.S. STOCK MOVERS

Finish Line (FINL +0.69%) was upgraded to 'Buy' form 'Hold' at BB&T Capital Markets with a 12-month price target of $24.

Phillips 66 (PSX -0.07%) was rated a new 'Market Perform' at Cowen with a 12-month price target of $92.

Ingersoll-Rand (IR -0.21%) was downgraded to 'Neutral' from 'Buy' at Goldman Sachs.

Eagle Materials (EXP -0.45%) was upgraded to 'Buy' form 'Hold' at BB&T Capital Markets with a 12-month price target of $80.

Qualcomm (QCOM -0.25%) was downgraded to 'Equalweight' from 'Overweight' at Barclays.

Carmax (KMX +0.81%) was downgraded to 'Neutral' from 'Buy' at Sterne Agee CRT.

Parker-Hannifin (PH +0.30%) was downgraded to 'Sell' from 'Neutral' at Goldman Sachs with a price target of $92.

Ensco PLC (ESV +1.15%) was downgraded to 'Negative' from 'Neutral' at Susquehanna.

Hologic (HOLX +1.03%) will replace Pepco Holdings (POM unch) in the S&P 500 after the close of trading Tuesday, March 29.

Centene (CNC +1.69%) will replace Ensco PLC (ESV +1.15%) in the S&P 500 after the close of trading on Tuesday, March 29.

GameStop (GME -0.33%) slid 5% in after-hours trading after it said it sees Q1 revenue down -4% to -7%, weaker than estimates up 2%.

General Dynamics (GD -3.90%) was awarded a $549 million cost-plus-incentive-fee contract by the U.S. Defense Department for Stryker program supply.

The Wall Street Journal reported that Exxon-Mobile (XOM +0.27%) is in talks to buy a stake in the Mozambique natural gas project from Eni.

Turtle Beach (HEAR +7.34%) climbed nearly 2% in after-hours trading after it reported Q4 adjusted EPS of 8 cents, right on consensus, but reported Q4 revenue of $84.6 million, higher than consensus of $83.0 million.

MARKET COMMENTS

Jun E-mini S&Ps (ESM16 +0.23%) this morning are up +5.75 points (+0.28%). Thursday's closes: S&P 500 -0.04%, Dow Jones +0.08%, Nasdaq +0.07%. The S&P 500 on Thursday closed little changed. Stocks were undercut by the unexpected -1.1% decline in U.S. Feb capital goods orders non-defense ex-aircraft, weaker than expectations of +0.3%, which is negative for capital investment and undercuts Q1 GDP. In addition, mining stocks were weak after gold fell to a 1-month low and copper slid to a 2-week low. Stocks found some support from the U.S. weekly initial unemployment claims report of 265,000, slightly below expectations of 269,000, and a rally in energy producers after crude oil recovered nearly all of an early decline.

Jun 10-year T-notes (ZNM16 -0.15%) this morning are down -6 ticks. Thursday's closes: TYM6 -3.50, FVM6 -3.25. Jun T-notes on Thursday closed lower on lower-than-expected U.S. weekly jobless claims of 265,000 (vs expectations of 269,000) and on hawkish comments from St. Louis Fed President Bullard who said the next Fed rate increase "may not be far off." T-notes found support on reduced inflation expectations after the 10-year T-note break-even inflation expectations rate fell to a 1-week low.

The dollar index (DXY00 +0.01%) this morning is up +0.007 (+0.01%) at a 1-week high. EUR/USD (^EURUSD) is down -0.0005 (-0.04%). USD/JPY (^USDJPY) is up +0.47 (+0.42%) at a 1-week high. Thursday's closes: Dollar Index +0.096 (+0.10%), EUR/USD -0.0007 (-0.06%), USD/JPY +0.52 (+0.46%). The dollar index on Thursday climbed to a 1-week high and settled higher on St. Louis Fed President Bullard's hawkish comment suggesting that the Fed may be getting close to raising interest rates another notch.

May WTI crude (CLK16 +0.38%) this morning is up +20 cents (+0.51%) and May gasoline (RBK16 +0.50%) is up +0.0040 (+0.27%). Thursday's closes: CLK6 -0.33 (-0.83%), RBK6 +0.0142 (+0.96%). May crude and gasoline on Thursday settled mixed with May crude at a 1-week low. Crude oil prices were undercut by the rally in the dollar index to a 1-week high and by negative carryover from Wednesday’s EIA data showing a larger-than-expected +9.357 million bbl surge in weekly EIA crude inventories to a record high 532.5 million bbl. Gasoline received a boost from the prospects for strong refinery demand for gasoline as the crack spread climbed to a 1-week high.

GLOBAL EVENT CALENDAR03/28/2016

US	0830 ET	Feb personal spending expected +0.1%, Jan +0.5%. Feb personal income expected +0.1%, Jan +0.5%.
	0830 ET	Feb PCE deflator expected -0.1% m/m and +1.0% y/y, Jan +0.1% m/m and +1.3% y/y. Feb core PCE deflator expected +0.2% m/m and +1.8% y/y, Jan +0.3% m/m and +1.7% y/y.
	1000 ET	Feb pending home sales expected +1.1% m/m, Jan -2.5% m/m and -0.9% y/y.
	1030 ET	Mar Dallas Fed manufacturing activity expected +5.8 to -26.0, Feb +2.8 to -31.8.
	1100 ET	USDA weekly grain export inspections.
	1300 ET	Treasury auctions $26 billion of 2-year T-notes.
JPN	1930 ET	Japan Feb jobless rate expected unch at 3.2%. Feb job-to-applicant ratio expected +0.01 to 1.29, Jan 1.28.
	1930 ET	Japan Feb overall household spending expected -1.5% y/y, Jan -3.1% y/y.
	1950 ET	Japan Feb retail sales expected +0.5% y/y, Jan -0.4% m/m and -0.2% y/y.
EUR	n/a	Eurozone markets closed for Easter Monday.
UK	n/a	UK markets closed for Easter Monday.

U.S. STOCK CALENDAR03/28/2016

Company	Ticker	Time	Event Description	Period	Estimate
Cal-Maine Foods Inc	CALM US	Bef-mkt	Q3 2016 Earnings Release	Q3 2016	0.994
Starwood Hotels & Resorts Worldwide Inc	HOT US	10:00	Extraordinary Shareholders Meeting - M&A Vote	Y 2016
Hill International Inc	HIL US	11:00	Q4 2015 Earnings Call	Q4 2015
Cleco Corp	CNL US	14:00	Extraordinary Shareholders Meeting	Y 2016
Iconix Brand Group Inc	ICON US	17:00	Q4 2015 Earnings Call	Q4 2015
SYNNEX Corp	SNX US	17:00	Q1 2016 Earnings Call	Q1 2016
Iconix Brand Group Inc	ICON US	Aft-mkt	Q4 2015 Earnings Release	Q4 2015	0.263
SYNNEX Corp	SNX US	Aft-mkt	Q1 2016 Earnings Release	Q1 2016	1.368
Tangoe Inc	TNGO US		Q4 2015 Earnings Release	Q4 2015	0.035
Carbylan Therapeutics Inc	CBYL US		Q4 2015 Earnings Release	Q4 2015	-0.24

MORNING CALL 1/26

MORNING CALL

Tuesday, January 26th, 2016View Older Reports

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OVERNIGHT MARKETS AND NEWS

March E-mini S&Ps (ESH16 +0.35%) are up +0.28% and European stocks are up +0.11% as they mirror movements in oil prices which are up +0.86%. Global stocks were under pressure from Chinese economic concerns after China's Shanghai Composite plunged -6.42% to a 13-1/2 month low. On the positive side, mining stocks rose as the price of gold (GCG16 +0.69%) climbed +0.59% to a 2-1/2 month high and copper prices (HGH16 +1.53%) rose +1.33% to a 2-week high. Signs of stronger Chinese demand is giving metals prices a boost after Chinese customs data showed China Dec imports of refined copper surged +34% y/y to 423,000 MT and China Dec gold imports from Hong Kong surged +67% from Nov to 111.3 MT. European stocks also gained as Siemens AG rose after it boosted its earnings forecast and Royal Philips NV jumped over 5% after it reported better-than-expected Q4 profit. Asian stocks settled lower: Japan -2.35%, Hong Kong -2.45%, China -6.42%, Taiwan -0.83%, Australia and India closed for holiday, Singapore -1.43%, South Korea -1.31%.

The dollar index (DXY00 +0.02%) is up +0.09%. EUR/USD (^EURUSD) is down -0.21%. USD/JPY (^USDJPY) is up +0.12%.

Mar T-note prices (ZNH16 +0.11%) are up +5 ticks on the heels of a rally in German bunds as the 10-year bund yield fell to a 4-3/4 month low of 0.432%.

The PBOC added 440 billion yuan ($67 billion) into the financial system via reverse-repurchase agreements, the most in 3 years, as it tries to keep borrowing costs down and boost liquidity ahead of the Chinese Lunar New Year holiday that begins Feb 8.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) the first day of the FOMC's 2-day policy meeting, (2) Nov FHFA house price index (expected +0.5% m/m, Oct +0.5% m/m), (3) Nov S&P/CaseShiller composite-20 home price index (expected +0.80% m/m and +5.64% y/y, Oct +0.84% m/m and +5.54% y/y), (4) Jan Markit services PMI (expected -0.3 to 54.0, Dec -1.8 to 54.3), (5) Jan U.S. consumer confidence from the Conference Board (expected unch at 96.5, Dec +3.9 to 96.5), (6) Jan Richmond Fed manufacturing index (expected -4 to 2, Dec +9 to 6), and (7) the Treasury's auction of $26 billion 2-year T-notes.

There are 23 of the S&P 500 companies that report earnings today with notable reports including: Apple (consensus $3.23), AT&T (0.63), Capital One (1.61), Johnson & Johnson (1.42), Procter & Gamble (0.98).

U.S. IPO's scheduled to price today: Ameriquest (AMQ).

Equity conferences during the remainder of this week: Cleantech Forum San Francisco on Tue-Wed, Real Estate Capital Markets 2016 Seminar on Wed.

OVERNIGHT U.S. STOCK MOVERS

Lockheed Martin (LMT -0.49%) reported Q4 EPS of $3.76, well above consensus of $2.94.

Procter & Gamble (PG -0.66%) reported Q2 EPS of $1.04, higher than consensus of 98 cents.

Johnson & Johnson (JNJ -0.36%) reported Q4 EPS of $1.44, better than consensus of $1.42.

PG&E Corp. (PCG -1.43%) was upgraded to 'Overweight' from 'Equalweight' at Morgan Stanley.

Crane Co. (CR -2.75%) dropped over 4% in after-hours trading after it lowered guidance on fiscal 2016 EPS to $3.85-$4.15, below consensus of $4.27.

Graco (GGG -2.02%) reported Q4 adjusted EPS of 93 cents, well above estimates of 78 cents.

Rambus (RMBS -1.75%) rallied over 7% in after-hours trading after it reported Q4 adjusted EPS of 18 cents, better than consensus of 15 cents.

Centene (CNC -2.71%) slid almost 2% in after-hours trading after it said six hard drives with health information on 950,000 were unaccounted for.

Swift Transportation (SWFT -1.51%) climbed nearly 5% in after-hours trading after it reported Q4 adjusted EPS of 53 cents, higher than consensus of 47 cents.

SunEdison (SUNE +2.64%) gained over 2% in after-hours trading after SunEdison stakeholder Greenlight Capital reported that it raised its stake in 13D to 6.8% from 5.9% reported September 30.

Relypsa (RLYP +0.05%) jumped over 8% in after-hours trading after it said studies showed no meaningful reduction in absorption for 9 of 12 drugs that had previously demonstrated binding in vitro tests when its Veltassa drug was administered at the same time.

Aratana Therapeutics (PETX +1.59%) surged nearly 10% in after-hours trading after it filed New Animal Drug Application for its Galliprant drug for control of pain and inflammation in dogs with osteoarthritis.

Sanmina Corp. (SANM +0.70%) climbed over 4% in after-hours trading after it raised guidance on Q2 adjusted EPS to 55 cents-59 cents, above consensus of 54 cents.

MARKET COMMENTS

Mar E-mini S&Ps (ESH16 +0.35%) this morning are up +5.25 points (+0.28%). Monday's closes: S&P 500 -1.56%, Dow Jones -1.29%, Nasdaq -1.48%. The S&P 500 on Monday closed lower on the sharp -7.4% sell-off in oil prices, carryover weakness from a fall in European stocks after the German Jan IFO business climate index slid to an 11-month low, and the unexpected -13.0 point drop in the Dallas Fed manufacturing activity index to a 6-3/4 year low of -34.6 (weaker than expectations of +5.6 to -14.5).

Mar 10-year T-notes (ZNH16 +0.11%) this morning are up +5 ticks. Monday's closes: TYH6 +5.50, FVH6 +1.50. Mar T-note prices on Monday closed higher on increased safe-haven demand with the the slide in stocks and on the plunge in crude oil, which undercut inflation expectations and may delay further Fed rate hikes.

The dollar index (DXY00 +0.02%) this morning is up +0.087 (+0.09%). EUR/USD (^EURUSD) is down -0.0023 (-0.21%). USD/JPY (^USDJPY) is up +0.14 (+0.12%). Monday's closes: Dollar Index -0.214 (-0.21%), EUR/USD +0.0053 (+0.49%), USD/JPY -0.48 (-0.40%). The dollar index on Monday closed lower on the plunge in the Dallas Fed manufacturing index to a 6-3/4 year low and on weakness in USD/JPY. the yen was boosted by safe-haven demand for the yen with the sell-off in stocks and by BOJ Governor Kuroda's comment that "we don't think the current market situation has been affecting corporate behavior unduly," which reduced speculation that the BOJ will expand stimulus at its Thu/Fri policy meeting.

Mar crude oil (CLH16 +0.89%) this morning is up +26 cents (+0.86%) and Mar gasoline (RBH16 -0.22%) is up +0.0105 (+1.00%). Monday's closes: CLH6 -2.39 (-7.42%), RBH6 -0.0641 (-5.78%). Mar crude oil and gasoline on Monday closed sharply lower on signs that Saudi Arabia will not cut back on oil production despite low prices after the chairman of state-run oil company Saudi Aramco said that Saudi Arabia can sustain low oil prices for "a long, long time." Crude oil and gasoline prices were also undercut by expectations that Wednesday's weekly EIA data will show crude inventories rose +4.0 million bbl and by the snowstorm along the U.S. East Coast that has reduced air and automobile travel and reduced gasoline demand.

GLOBAL EVENT CALENDAR01/26/2016

US	0900 ET	Nov FHFA house price index expected +0.5% m/m, Oct +0.5% m/m.
	0900 ET	Nov S&P/CaseShiller composite-20 home price index expected +0.80% m/m and +5.64% y/y, Oct +0.84% m/m and +5.54% y/y.
	0945 ET	Jan Markit services PMI expected -0.3 to 54.0, Dec -1.8 to 54.3. Jan Markit composite PMI, Dec -1.9 to 54.0.
	1000 ET	Jan consumer confidence (Conference Board) expected unch at 96.5, Dec +3.9 to 96.5.
	1000 ET	Jan Richmond Fed manufacturing index expected -4 to 2, Dec +9 to 6.
	1130 ET	FOMC begins 2-day policy meeting.
	1300 ET	Treasury auctions $26 billion 2-year T-notes.
CHI	2030 ET	China Dec industrial profits. Nov -1.4% y/y.
	2045 ET	China Jan Westpac-MNI consumer sentiment, Dec 113.7.

U.S. STOCK CALENDAR01/26/2016

Company	Ticker	Time	Event Description	Period	Estimate
Corning Inc	GLW US	Bef-mkt	Q4 2015 Earnings Release	Q4 2015	0.318
EI du Pont de Nemours & Co	DD US	Bef-mkt	Q4 2015 Earnings Release	Q4 2015	0.258
Freeport-McMoRan Inc	FCX US	Bef-mkt	Q4 2015 Earnings Release	Q4 2015	-0.179
Procter & Gamble Co/The	PG US	Bef-mkt	Q2 2016 Earnings Release	Q2 2016	0.979
Lockheed Martin Corp	LMT US	Bef-mkt	Q4 2015 Earnings Release	Q4 2015	2.94
Waters Corp	WAT US	Bef-mkt	Q4 2015 Earnings Release	Q4 2015	1.95
Prologis Inc	PLD US	Bef-mkt	Q4 2015 Earnings Release	Q4 2015	0.619
Coach Inc	COH US	Bef-mkt	Q2 2016 Earnings Release	Q2 2016	0.662
Danaher Corp	DHR US	6:00	Q4 2015 Earnings Release	Q4 2015	1.27
Johnson & Johnson	JNJ US	6:45	Q4 2015 Earnings Release	Q4 2015	1.419
Dover Corp	DOV US	7:00	Q4 2015 Earnings Release	Q4 2015	0.742
WW Grainger Inc	GWW US	7:30	Q4 2015 Earnings Release	Q4 2015	2.227
WW Grainger Inc	GWW US	7:30	Q4 2015 Earnings Call	Q4 2015
3M Co	MMM US	7:30	Q4 2015 Earnings Release	Q4 2015	1.622
Parker-Hannifin Corp	PH US	7:30	Q2 2016 Earnings Release	Q2 2016	1.178
American International Group Inc	AIG US	8:00	Business Update Call
Danaher Corp	DHR US	8:00	Q4 2015 Earnings Call	Q4 2015
EI du Pont de Nemours & Co	DD US	8:00	Q4 2015 Earnings Call	Q4 2015
Corning Inc	GLW US	8:30	Q4 2015 Earnings Call	Q4 2015
Johnson & Johnson	JNJ US	8:30	Q4 2015 Earnings Call	Q4 2015
Procter & Gamble Co/The	PG US	8:30	Q2 2016 Earnings Call	Q2 2016
Waters Corp	WAT US	8:30	Q4 2015 Earnings Call	Q4 2015
Coach Inc	COH US	8:30	Q2 2016 Earnings Call	Q2 2016
3M Co	MMM US	9:00	Q4 2015 Earnings Call	Q4 2015
Dover Corp	DOV US	10:00	Q4 2015 Earnings Call	Q4 2015
Freeport-McMoRan Inc	FCX US	10:00	Q4 2015 Earnings Call	Q4 2015
Parker-Hannifin Corp	PH US	11:00	Q2 2016 Earnings Call	Q2 2016
Lockheed Martin Corp	LMT US	11:00	Q4 2015 Earnings Call	Q4 2015
Prologis Inc	PLD US	12:00	Q4 2015 Earnings Call	Q4 2015
Becton Dickinson and Co	BDX US	13:00	Annual General Meeting	Y 2016
Apple Inc	AAPL US	16:00	TLIV Top Live Blog
Stryker Corp	SYK US	16:00	Q4 2015 Earnings Release	Q4 2015	1.551
Chubb Ltd	CB US	16:05	Q4 2015 Earnings Release	Q4 2015	2.286
Capital One Financial Corp	COF US	16:05	Q4 2015 Earnings Release	Q4 2015	1.608
AT&T Inc	T US	16:30	Q4 2015 Earnings Call	Q4 2015
Apple Inc	AAPL US	16:30	Q1 2016 Earnings Release	Q1 2016	3.227
Stryker Corp	SYK US	16:30	Q4 2015 Earnings Call	Q4 2015
CA Inc	CA US	17:00	Q3 2016 Earnings Call	Q3 2016
Total System Services Inc	TSS US	17:00	Q4 2015 Earnings Call	Q4 2015
Apple Inc	AAPL US	17:00	Q1 2016 Earnings Call	Q1 2016
Capital One Financial Corp	COF US	17:00	Q4 2015 Earnings Call	Q4 2015
CA Inc	CA US	Aft-mkt	Q3 2016 Earnings Release	Q3 2016	0.578
AT&T Inc	T US	Aft-mkt	Q4 2015 Earnings Release	Q4 2015	0.633
Total System Services Inc	TSS US	Aft-mkt	Q4 2015 Earnings Release	Q4 2015	0.601
Navient Corp	NAVI US	Aft-mkt	Q4 2015 Earnings Release	Q4 2015	0.49
Hormel Foods Corp	HRL US		Annual General Meeting	Y 2016
Affiliated Managers Group Inc	AMG US		Q4 2015 Earnings Release	Q4 2015	3.604