Showing posts with label DECK. Show all posts
Showing posts with label DECK. Show all posts

Friday, February 3, 2017

MORNING CALL 2/3

Barchart Morning Call

Barchart.com - Fri Feb 3, 6:35AM CST
OVERNIGHT MARKETS AND NEWS
Mar E-mini S&Ps (ESH17 +0.16%) are up +0.15% and European stocks are up +0.63% ahead of this morning's U.S. payroll report that may provide clues as to the timing of the next Fed rate hike. Mar WTI crude oil (CLH17 +0.19%) is up +0.50% and is giving energy producing stocks a lift after President Trump tweeted this morning that Iran was "playing with fire" following its ballistic missile test this week. European stocks also found support after the Eurozone Jan Markit composite PMI was revised upward to its fastest pace in 3 years. Gains in stocks were contained as mining companies weakened as Mar COMEX copper prices (HGH17 -1.06%) fell -0.89% after a gauge of Chinese manufacturing activity weakened more than expected last month, and after Chinese copper supplies rose after weekly Shanghai copper inventories climbed +10,928 MT to 223,853 MT, an 8-1/2 month high. Asian stocks settled mixed: Japan +0.02%, Hong Kong -0.24%, China -0.60%, Taiwan +0.28%, Australia -0.42%, Singapore -0.07%, South Korea +0.13%, India +0.05%.
The dollar index (DXY00 +0.28%) is up +0.33%. EUR/USD (^EURUSD) is down -0.26% after ECB Executive Board member Praet said "the firming recovery is not yet sufficiently robust to ensure a self-sustained convergence of inflation rates to levels closer to 2%." USD/JPY (^USDJPY) is up +0.33%.
Mar 10-year T-note prices (ZNH17 -0.11%) are down -5.5 ticks.
ECB Executive Board member Praet said that "the firming recovery is not yet sufficiently robust to ensure a self-sustained convergence of inflation rates to levels closer to 2% as underlying inflation dynamics remain subdued, and risks and uncertainties still prevail, especially those related to the geopolitical environment."
The Eurozone Jan Markit composite PMI was revised upward to 54.4 from the originally reported 54.3, the fastest pace of expansion since the data series began in 2014.
The China Jan Caixin (flash) manufacturing PMI fell -0.9 to 51.0, weaker than expectations of -0.1 to 51.8.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) Jan non-farm payrolls (expected +175,000, Dec +156,000) and Jan unemployment rate (expected unch at 4.7%, Dec +0.1 to 4.7%), (2) Chicago Fed President Charles Evans (voter) speaks on economic conditions and monetary policy at a Prairie State College Economic Breakfast in Olympia Fields, IL, (3) revised Jan Markit services PMI (prelim-Jan +1.2 to 55.1), (4) Jan ISM non-manufacturing PMI (expected +0.4 to 57.0, Dec +0.4 to 56.6), (5) Dec factory orders expected +0.7%, Nov -2.4% and +0.1% ex-transportation.
Notable S&P 500 earnings reports today include: Weyerhaeuser (consensus $0.16), AutoNation (0.96), LyondellBasell (2.17), Clorox (1.22), Hershey (1.08), Phillips (0.40).
U.S. IPO's scheduled to price today: none.
Equity conferences: none.
OVERNIGHT U.S. STOCK MOVERS
Visa (V -0.17%) rose 3% in after-hours trading after it reported Q1 operating revenue of $4.5 billion, above consensus of $4.3 billion, and then was initiated with an 'Outperform' at RBC Capital Markets with a 12-month target price of $97.
Amazon.com (AMZN +0.91%) fell 4% in after-hours trading after it reported Q4 net sales of $43.7 billion, below consensus of $44.7 billion, and said it sees Q1 net sales of $33.3 billion-$35.8 billion, less than consensus of $36.0 billion.
Esterline Technologies (ESL +0.70%) rallied over 4% in after-hours trading after it reported Q1 adjusted EPS continuing operations of 82 cents, well above consensus of 46 cents.
Tableau Software (DATA -0.52%) surged 13% in after-hours trading after it reported Q4 revenue of $250.7 million, well above consensus of $230.2 million.
Amgen (AMGN -0.06%) rose nearly 3% in after-hours trading after it reported that a Phase 3 trial of its Repatha showed significantly reduced risk of cardiovascular events in patients with atherosclerotic cardiovascular disease.
Computer Sciences (CSC +1.12%) gained 2% in after-hours trading after it reported Q3 adjusted EPS continuing operations of 81 cents, higher than consensus of 70 cents.
Fortinet (FTNT +0.24%) climbed 10% in after-hours trading after it forecast full-year EPS of 87 cents-89 cents, better than consensus of 80 cents.
Cypress Semiconductor (CY -1.58%) rallied 5% in after-hours trading after it reported Q4 adjusted revenue of $530.2 million, higher than consensus of $525.6 million.
athenahealth (ATHN +1.41%) tumbled 7% in after-hours trading after it reported Q4 revenue of $288.2 million, below consensus of $303.7 million.
Hanesbrands (HBI -2.24%) sank over 10% in after-hours trading after it said it sees 2017 adjusted EPS of $1.93-$2.03, below consensus of $2.14.
GoPro (GPRO +3.78%) tumbled 13% in after-hours trading after it said it sees Q1 revenue of $190 million=-$210 million, well below consensus of $267.6 million.
Paylocity Holding (PCTY -1.32%) jumped 8% in after-hours trading after it said it sees fiscal 2017 adjusted EPS of 41 cents-43 cents, stronger than consensus of 38 cents.
Deckers Outdoor (DECK -2.30%) plunged over 20% in after-hours trading after it reported Q3 adjusted EPS of $4.11, below consensus of $4.22, and then cut its 2017 adjusted EPS forecast to $3.45-$3.55 from a prior view of $4.05-$4.25.
Neos Therapeutics (NEOS unch) slumped 14% in after-hours trading after it announced an offering of common stock, although no size was given.
MARKET COMMENTS
Mar E-mini S&Ps (ESH17 +0.16%) this morning are up +3.50 points (+0.15%). Thursday's closes: S&P 500 +0.06%, Dow Jones -0.03%, Nasdaq -0.10%. The S&P 500 on Thursday closed slightly higher on the -14,000 decline in U.S. weekly jobless claims (a bigger decline than expectations of -9,000) and the +1.3% increase in U.S. Q4 non-farm productivity (better than expectations of +1.0%). Stocks were undercut by uncertainty regarding the Trump administration’s fiscal and trade policies and by position squaring ahead of Friday's monthly U.S. payrolls report.
Mar 10-year T-notes (ZNH17 -0.11%) this morning are down -5.5 ticks. Thursday's closes: TYH7 +1.50, FVH7 +1.00. Mar 10-year T-notes on Thursday rallied to a 1-week high and closed higher on positive carry-over from Wednesday's post-FOMC meeting statement where policy makers gave no signal as to the timing of another interest rate hike.
The dollar index (DXY00 +0.28%) this morning is up +0.33 (+0.33%). EUR/USD (^EURUSD) is down -0.0028 (-0.26%). USD/JPY (^USDJPY) is up +0.37 (+0.33%). Thursday's closes: Dollar index +0.149 (+0.15%), EUR/USD -0.0010 (-0.09%), USD/JPY -0.45 (-0.40%). The dollar index on Thursday recovered from a 2-1/2 month low and closed higher on the larger-than-expected decline in U.S. weekly initial unemployment claims, a sign of labor market strength, and the larger-than-expected increase in U.S. Q4 non-farm productivity. The dollar index posted an early 2-1/2 month low on negative carry-over from Wednesday's FOMC meeting where policy makers failed to signal the timing of the next Fed interest rate increase.
Mar WTI crude oil prices (CLH17 +0.19%) this morning are up +27 cents (+0.50%) and Mar gasoline (RBH17 -0.11%) is +0.0063 (+0.41%). Thursday's closes: Mar crude -0.34 (-0.63%), Mar gasoline -0.0462 (-2.93%). Mar crude oil and gasoline on Thursday closed lower on concern that ramped-up oil production in Libya and Nigeria may offset cuts in crude production from other OPEC members as Libya's crude output rose to 690,000 bpd, a 2-year high, and Nigerian Jan crude production rose to 1.64 million bpd, up +9.3% m/m. In addition, the slide in the crack spread to a 2-1/4 month low, which may curb refinery demand for crude.
GLOBAL EVENT CALENDAR02/03/2017
Friday, Feb 3
US0830 ETJan non-farm payrolls expected +175,000, Dec +156,000. Jan private payrolls expected +170,000, Dec +144,000. Jan manufacturing payrolls expected +5,000, Dec +17,000. Jan unemployment rate expected unch at 4.7%, Dec +0.1 to 4.7%.
0830 ETJan avg hourly earnings expected +0.3% m/m and +2.8% y/y, Dec +0.4% m/m and +2.9% y/y. Jan avg weekly hours all-employees expected unch at 34.3 hours, Dec unch at 34.3 hours.
0915 ETChicago Fed President Charles Evans (voter) speaks on economic conditions and monetary policy at a Prairie State College Economic Breakfast in Olympia Fields, IL.
0945 ETRevised Jan Markit services PMI, prelim-Jan +1.2 to 55.1.
1000 ETJan ISM non-manufacturing PMI expected +0.4 to 57.0, Dec +0.4 to 56.6.
1000 ETDec factory orders expected +0.7%, Nov -2.4% and +0.1% ex-transportation.
Monday, Feb 6
US1100 ETUSDA weekly grain export inspections.
1500 ETPhiladelphia Fed President Patrick Harker (voter) speaks at a payment conference in San Diego.
U.S. STOCK CALENDAR02/03/2017

CompanyTickerTimeEvent DescriptionPeriodEstimate
Weyerhaeuser CoWY USBf-mktQ4 2016 Earnings ReleaseQ4 20160.162
AutoNation IncAN USBf-mktQ4 2016 Earnings ReleaseQ4 20160.963
LyondellBasell Industries NVLYB USBf-mktQ4 2016 Earnings ReleaseQ4 20162.152
Clorox Co/TheCLX US6:30Q2 2017 Earnings ReleaseQ2 20171.219
Hershey Co/TheHSY US7:00Q4 2016 Earnings ReleaseQ4 20161.078
Phillips 66PSX US7:00Q4 2016 Earnings ReleaseQ4 20160.396
Hershey Co/TheHSY US8:30Q4 2016 Earnings CallQ4 2016
Hartford Financial ServicesHIG US9:00Q4 2016 Earnings CallQ4 2016
Kimco Realty CorpKIM US10:00Q4 2016 Earnings CallQ4 2016
Weyerhaeuser CoWY US10:00Q4 2016 Earnings CallQ4 2016
AutoNation IncAN US10:00Q4 2016 Earnings CallQ4 2016
LyondellBasell Industries NVLYB US11:00Q4 2016 Earnings CallQ4 2016
Phillips 66PSX US12:00Q4 2016 Earnings CallQ4 2016
Apartment Investment & MangAIV US13:00Q4 2016 Earnings CallQ4 2016
Clorox Co/TheCLX US13:30Q2 2017 Earnings CallQ2 2017
Essex Property Trust IncESS US14:00Q4 2016 Earnings CallQ4 2016
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Friday, May 27, 2016

MORNING CALL 5/27

MORNING CALL

OVERNIGHT MARKETS AND NEWS
Jun E-mini S&Ps (ESM16 +0.08%) are up +0.07% and European stocks are up +0.16% at a 4-week high as the market waits a speech later today from Fed Chair Yellen that may signal the timing of the Fed's next interest rate increase. Mining stocks and raw-material producers are higher as the price of copper (HGN16 +0.64%) climbs +0.78% on signs of tighter global supplies. LME copper inventories dropped -2,225 MT to 153,750 MT, a 4-week low, and weekly Shanghai copper inventories fell -36,122 MT to 221,212 MT, a 4-month low. On the negative side, energy producers were lower as the price of crude oil (CLN16 -0.81%) slips -0.93% as Canadian oil-sands producers moved to resume operations after wildfires eased. Asian stocks settled mostly higher: Japan +0.37%, Hong Kong +0.88%, China -0.05%, Taiwan +0.83%, Australia +0.33%, Singapore +1.05%, South Korea +0.53%, India +1.09%.
The dollar index (DXY00 +0.09%) is up +0.09%. EUR/USD (^EURUSD) is down -0.13%. USD/JPY (^USDJPY) is down -0.11%.
Jun T-note prices (ZNM16 -0.06%) are down -1.5 ticks.
In the final communique from the G-7 summit in Japan, G-7 nations said they will use "all policy tools; monetary, fiscal and structural, individually and collectively, to strengthen global demand and address supply constraints while continuing our efforts to put debt on a sustainable path."
Japan Apr national CPI fell -0.3% y/y, less than expectations of -0.4% y/y. Apr national CPI ex fresh food fell -0.3% y/y, a smaller decline than expectations of -0.4% y/y. Apr national CPI ex food & energy rose +0.7% y/y, right on expectations.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) revised Q1 GDP (expected +0.9% q/q annualized, previous +0.5%), (2) final-May University of Michigan U.S. consumer sentiment index (expected -0.4 to 95.4, prelim-May +6.8 to 95.8), (3) Fed Chair Yellen speaks at Harvard University’s Radcliffe Day.
There is 1 of the Russell 1000 companies that report earnings today: Golar LNG (consensus -$0.42).
U.S. IPO's scheduled to price today: none.
Equity conferences today: none.
OVERNIGHT U.S. STOCK MOVERS
Ulta Salon Cosmetics & Fragrance (ULTA +1.05%) rallied nearly 8% in pre-market trading after it reported Q1 EPS of $1.45, higher than consensus of $1.29, and said it sees full-year EPS growth in the low twenties percentage range versus a prior view of up 18%-20%.
Monsanto (MON -1.84%) was downgraded to 'Neutral' from 'Overweight' at Atlantic Equities with a 12-month price target of $105.
GameStop (GME +0.84%) dropped over 8% in after-hours trading after it said it sees Q2 adjusted EPS of 23 cents-30 cents, below consensus of 33 cents.
Duluth Holdings (DLTH -0.96%) was rated a new 'Buy' at Stifel with a 12-month price target of $28.
Terex (TEX -3.45%) was downgraded to 'Hold' from 'Buy' at Evercore ISI with a 12-month price target of $21.
Caleres (CAL +1.16%) lost 1% in after-hours trading after it reported Q1 EPS of 41 cents, below consensus of 43 cents, and then lowered guidance on full-year revenue to $2.60 billion-$2.63 billion from a March 15 view of $2.65 billion-$2.68 billion, below consensus of $2.66 billion.
Veeva Systems (VEEV -0.43%) jumped 10% in after-hours trading after it reported Q1 adjusted EPS of 15 cents, higher than consensus of 11 cents, and then raised its full-year revenue estimate to $516 million-$520 million from a prior view of $508 million-$513 million, above consensus of $512.1 million.
Palo Alto Networks (PANW +1.71%) sank 11% in pre-market trading after it reported Q3 adjusted EPS of 42 cents, right on consensus, but said it sees Q4 adjusted EPS of 48 cents-50 cents, below consensus of 50 cents.
Deckers Outdoor (DECK +0.61%) fell over 2% in after-hours trading after it said it sees full-year net sales of unchanged to down -3%, weaker than estimates of up +2%, and then lowered guidance on full-year adjusted EPS to $4.05-$4.40, below consensus of $4.61.
First Data Corp. (FDC +1.39%) gained 1% in after-hours trading after Vice Chairman Plumeri disclosed a purchase of 250,000 shares of the company's stock on Wednesday.
BG Staffing (BGSF -0.24%) slumped over 14% in after-hours trading after it announced a public offering of stock, although no terms were available at the time of this writing.
21Vianet Group (VNET +6.09%) slid 4% in after-hours trading after it reported a Q1 adjusted loss/Ads of 13 cents and Q1 gross margins of 19.6% versus 26.8% y/y.
Splunk (SPLK +1.05%) dropped over 7% in after-hours trading despite reporting a -2 cent Q1 adjusted EPS loss, right on consensus.
Titan Pharmaceuticals (TTNP +1.29%) surged 23% in after-hours trading after it said it will receive a $15 million payment from partner Braeburn Pharma, double-digit royalties and up to $165 million is sales milestones following FDA approval of its Probuphine implant.
MARKET COMMENTS
June E-mini S&Ps (ESM16 +0.08%) this morning are up +1.50 points (+0.07%). Thursday's closes: S&P 500 +0.70%, Dow Jones +0.82%, Nasdaq +0.72%. The S&P 500 on Thursday closed little changed. Stocks were undercut by the unexpected -0.8% decline in U.S. Apr capital goods orders non-defense ex-aircraft, weaker than expectations of +0.3% and the third straight monthly decline. There was also some long liquidation pressure and position-squaring ahead of Friday's speech from Fed Chair Yellen that may signal the timing of the next Fed rate hike. Stocks found support from the-10,000 decline in U.S. weekly initial unemployment claims (vs expectations of -3,000 to 275,000) and from the +5.1% m/m increase in U.S. Apr pending home sales, stronger than expectations of +0.7% m/m and the largest monthly increase in 5-1/2 years.
June 10-year T-note prices (ZNM16 -0.06%) this morning are down -1.5 ticks. Thursday's closes: TYM6 +13.50, FVM6 +9.00. Jun T-notes on Thursday closed higher on U.S. economic concerns after Apr capital goods orders non-defense ex-aircraft, a gauge of capital spending, unexpectedly fell -0.8%, the third straight monthly decline. T-notes were also boosted by strong demand for the Treasury's $28 billion auction of 7-year T-notes that had a bid-to-cover ratio of 2.57, above the 12-auction average of 2.49.
The dollar index (DXY00 +0.09%) this morning is up +0.090 (+0.09%). EUR/USD (^EURUSD) is down -0.0015 (-0.13%). USD/JPY (^USDJPY) is down-0.12 (-0.11%). Thursday's closes: Dollar Index -0.186 (-0.20%), EUR/USD +0.0039 (+0.35%), USD/JPY -0.43 (-0.39%). The dollar index on Thursday closed lower on the unexpected decline in U.S. Apr capital goods orders non-defense ex-aircraft, a sign of weakness in capital spending that may give the Fed pause on additional rate hikes. The dollar was also undercut by the slide in USD/JPY as weak stocks boosted the safe-haven demand for the yen.
July WTI crude oil (CLN16 -0.81%) this morning is down -46 cents (-0.93%). July gasoline (RBN16 -0.72%) is down -0.0157 (-0.97%). Thursday's closes: CLN6 -0.16 (-0.32%), RBN6 -0.0219 (-1.33%). July crude and gasoline on Thursday closed lower as July crude retreated from a 7-1/2 month high. Crude oil was undercut by profit-taking after the sharp 3-month rally and by the restart of oil-sands facilities in Alberta as wildfire risks abated. Crude oil found underlying support from the weaker dollar.
GLOBAL EVENT CALENDAR05/27/2016
US0830 ETRevised Q1 GDP expected +0.9% (q/q annualized), previous +0.5%. Q1 personal consumption expected +2.1%, previous +1.9%. Q1 GDP price index, previous +0.7%. Q1 core PCE, previous +2.1% q/q.
1000 ETFinal-May University of Michigan U.S. consumer sentiment index expected -0.4 to 95.4, prelim-May +6.8 to 95.8.
1315 ETFed Chair Yellen will speak at Harvard Universitys Radcliffe Day.
U.S. STOCK CALENDAR05/27/2016
CompanyTickerTimeEvent DescriptionPeriodEstimate
Multi-Color CorpLABL US8:30Q4 2016 Earnings ReleaseQ4 20160.78
Big Lots IncBIG USQ1 2017 Earnings ReleaseQ1 20170.701
Hawkins IncHWKN USQ4 2016 Earnings ReleaseQ4 2016
Golar LNG LtdGLNG USQ1 2016 Earnings ReleaseQ1 2016-0.424

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Friday, October 30, 2015

BARCHART MORNING CALL 10/30

BARCHART MORNING CALL

OVERNIGHT MARKETS AND NEWS
December E-mini S&Ps (ESZ15 +0.12%) are up +0.13 at a 2-1/4 month high as better-than-expected Q3 earnings results from Linkedin and Expedia gave stocks a boost, while European stocks are down -0.24% after German Sep retail sales came in weaker than expected. Also, European personal and household goods makers declined, led by a 5% fall in L'Oreal, after it reported weaker-than-expected quarterly sales. European stocks also fell after Eurozone Sep core CPI rose a more than expected +1.0% y/y, and the Eurozone Sep unemployment rate unexpectedly fell to a 3-1/2 year low, which may keep the ECB from expanding QE. Asian stocks settled mostly lower: Japan +0.78%, Hong Kong -0.79%, China -0.14%, Taiwan -0.20%, Australia -0.52%, Singapore -0.11%, South Korea +0.19%, India -0.68%. Japan's Nikkei Stock Index rose to a 2-1/4 month high after the Nikkei newspaper reported that the government may introduce additional budget measures if Japan Q3 GDP, due to be released on Nov 16, shows the economy needs aid. The BOJ refrained from expanding stimulus measures following today's 2-day policy meeting after BOJ Governor Kuroda and his fellow policy makers blamed the slide in oil prices for keeping inflation from reaching the BOJ's 2.0% target. The BOJ now expects inflation to rise to its target around the 6-month period through Mar 2017, 1 year later than a previous estimate of Mar 2016.
The dollar index (DXY00 -0.30%) is down -0.29%. EUR/USD (^EURUSD) is up +0.33% after Eurozone Oct core CPI rose more than expected and the Eurozone unemployment rate unexpectedly fell to a 3-1/2 year low, which reduces the chances that the ECB will boost QE. USD/JPY (^USDJPY) is down-0.63% as the yen strengthened after the BOJ refrained from expanding stimulus.
Dec T-note prices (ZNZ15 +0.10%) are up +4 ticks.
Eurozone Oct CPI was unch y/y, right on expectations. Oct core CPI rose +1.0% y/y, more than expectations of +0.9% y/y.
The Eurozone Sep unemployment rate unexpectedly fell -0.1 from a downward revised 10.9% in Aug to 10.8%, better than expectations of no change ay 11.0% and the lowest in 3-1/2 years.
German Sep retail sales were unch m/m and rose +3.4% y/y, weaker than expectations of +0.4% m/m and +4.1% y/y.
Japan Sep national CPI was unch y/y, right on expectations. Sep national CPI ex-fresh food fell -0.1% y/y, a smaller decline than expectations of -0.2% y/y. Sep national CPI ex food & energy rose +0.9% y/y, right on expectations and the fastest pace of increase in 6 months.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) Q3 employment cost index (expected +0.6%, Q2 +0.2%), (2) Sep personal spending (expected +0.2%, Aug +0.4%) and Sep personal income (expected +0.2%, Aug +0.3%), (3) Sep PCE deflator (expected -0.1% m/m and +0.2% y/y, Aug unch m/m and +0.3% y/y) and Sep PCE core deflator (expected +0.2% m/m and +1.4% y/y, Aug +0.1% m/m and +1.3% y/y), (4) Oct Milwaukee ISM (expected +4.56 to 44.00, Sep -8.23 to 39.44), (5) Oct Chicago PMI (expected +0.8 to 49.5, Sep -5.7 to 48.7), (6) San Francisco Fed President John Williams's speech at an event at the Brookings Institute on the natural rate of interest and the economy’s trend growth rate, and (7) final-Oct U.S. consumer sentiment index from the University of Michigan (expected +0.4 to 92.5, prelim-Oct +4.9 to 92.1).
There are 21 of the S&P 500 companies that report earnings today with notable reports including: Exxon (consensus $0.89), Chevron (0.76), Moody's (1.06), AbbVie (1.08).
U.S. IPO's scheduled to price today: Ardelyx (ARDX), Innovation Economy (MYIE).
Equity conferences during the remainder of this week include: none.



OVERNIGHT U.S. STOCK MOVERS
Weyerhaeuser (WY -0.38%) reported Q3 EPS of 35 cents, higher than consensus of 25 cents.
Phillips 66 (PSX +1.81%) reported Q3 EPS of $3.02, well above consensus of $2.25.
Valeant Pharmaceuticals International (VRX -4.70%) slid 7% in pre-market trading after Phildor RX Services LLC, a pharmacy that fills prescriptions for Valeant, was said to have altered doctors' prescriptions in order to get more reimbursements out of insurers.
Linkedin (LNKD +1.78%) surged 13% in pre-market trading after it reported Q3 adjusted EPS of 78 cents, well ahead of consensus of 45 cents, and then raised guidance on fiscal 2015 EPS to $2.63 from a previous estimate of $2.19, higher than consensus of $2.23.
Live Nation (LYV -1.10%) jumped over 7% in after-hours trading after it reported Q3 adjusted EPS of 44 cents, better than consensus of 43 cents.
Starbucks (SBUX -1.59%) fell over 1% in after-hours trading after it said it sees Q1 EPS of 44 cents-45 cents, below consensus of 47 cents, and said it sees revenue growth of 10% on a 52-week basis, below consensus of 12%.
Expedia (EXPE +1.00%) rose 7% in after-hours trading after it reported Q3 adjusted EPS of $2.07, better than consensus of $2.02.
Fluor (FLR -1.42%) dropped over 1% in after-hours trading after it lowered guidance on fiscal 2016 EPS to $3.50-$4.00, below consensus of $4.07.
Genworth Financial (GNW -0.95%) slumped over 12% in after-hours trading after it reported Q3 operating EPS of 13 cents, weaker than consensus of 22 cents.
Solarcity (SCTY -0.70%) tumbled over 15% in after-hours trading after it reported a Q3 EPS loss of -$2.10, a wider loss than consensus of -$1.91.
Lending Club (LC -2.71%) climbed over 5% in after-hours trading after it reported Q3 adjusted EPS of 4 cents, double consensus of 2 cents, and then raised guidance on fiscal 2015 operating revenue to $420 million-$422 million from a previous estimate of $405 million-$409 million, above consensus of $408.5 million.
Fiesta Restaurant Group (FRGI -3.79%) dropped nearly 7% in after-hours trading after it reported Q3 adjusted EPS of 33 cents, below consensus of 37 cents.
Deckers Outdoor (DECK -0.44%) jumped over 10% in after-hours trading after it reported Q2 EPS of $1.11, higher than consensus of $1.06, and then raised guidance on fiscal 2015 EPS to $5.18 from a July estimate of $5.15, above consensus of $5.14.
YRC Worldwide (YRCW +3.13%) surged over 15% in after-hours trading after it reported Q3 EPS of 61 cents, nearly double consensus of 31 cents.
MARKET COMMENTS
Dec E-mini S&Ps (ESZ15 +0.12%) this morning are up +2.75 points (+0.13%) at a fresh 2-1/4 month high. Thursday's closes: S&P 500 -0.04%, Dow Jones-0.13%, Nasdaq -0.17%. The S&P 500 on Thursday closed slightly lower on the +1.5% increase in U.S. Q3 GDP (weaker than expectations of +1.6%) and the unexpected -2.3% m/m decline in U.S. Sep pending home sales (weaker than expectations of +1.0% m/m and the biggest decline in 1-3/4 years).
Dec 10-year T-notes (ZNZ15 +0.10%) this morning are up +4 ticks. Thursday's closes: TYZ5 -19.00, FVZ5 -8.75. Dec T-notes on Thursday tumbled to a 1-month low and closed lower on negative carryover from Wednesday's post-FOMC meeting statement that left open the possibility of an interest rate increase at the Dec FOMC meeting.
The dollar index (DXY00 -0.30%) this morning is down -0.282 (-0.29%). EUR/USD (^EURUSD) is up +0.0036 (+0.33%). USD/JPY (^USDJPY) is down-0.76 (-0.63%). Thursday's closes: Dollar Index -0.500 (-0.51%), EUR/USD +0.0054 (+0.49%), USD/JPY +0.04 (+0.03%). The dollar index on Thursday closed lower on the weaker-than-expected U.S Q3 GDP and Sep pending home sales reports, which may further delay an Fed interest rate increase. In addition, there was strength in EUR/USD after Eurozone Oct economic confidence unexpectedly rose +0.3 to a 4-1/2 year high of 105.9, and after German Oct CPI rose +0.2% y/y, stronger than expectations of unch y/y, which reduces the chances of the ECB expanding QE.
Dec crude oil (CLZ15 +0.35%) this morning is up +19 cents (+0.41%) and Dec gasoline (RBZ15 +1.09%) is up +0.0188 (+1.40%). Thursday's closes: CLZ5-0.19 (-0.41%), RBZ5 +0.0017 (+0.13%). Dec crude oil and gasoline prices on Thursday settled mixed with Dec gasoline at a 2-week high. Crude oil and gasoline prices received a boost from a weaker dollar and expectations that refinery utilization rates will increase, and refinery demand for crude will climb, now that refineries are nearly finished with their seasonal maintenance. Negative factors included the weaker-than-expected U.S. Q3 GDP and Sep pending home sales reports.
GLOBAL EVENT CALENDAR10/30/2015
US0830 ETQ3 employment cost index expected +0.6%, Q2 +0.2%.
0830 ETSep personal spending expected +0.2%, Aug +0.4%. Sep personal income expected +0.2%, Aug +0.3%.
0830 ETSep PCE deflator expected -0.1% m/m and +0.2% y/y, Aug unch m/m and +0.3% y/y. Sep PCE core deflator expected +0.2% m/m and +1.4% y/y, Aug +0.1% m/m and +1.3% y/y.
0900 ETOct Milwaukee ISM expected +4.56 to 44.00, Sep -8.23 to 39.44.
0945 ETOct Chicago PMI expected +0.7 to 49.4, Sep -5.7 to 48.7.
1000 ETSan Francisco Fed President John Williams speaks at an event at the Brookings Institute on the natural rate of interest and the economys trend growth rate.
1000 ETFinal-Oct U.S. consumer sentiment index (University of Michigan) expected +0.4 to 92.5, prelim-Oct +4.9 to 92.1.
JPN0000 ETJapan Sep vehicle production, Aug -4.7% y/y.
0100 ETJapan Sep housing starts expected +5.8% y/y to 936,000 annualized, Aug +8.8% y/y to 931,000 annualized.
0100 ETJapan Sep construction orders, Aug -15.6% y/y.
n/aBOJ announces interest rate decision.
GER0300 ETGerman Sep retail sales expected +0.4% m/m and +4.1% y/y, Aug -0.6% m/m and +2.5% y/y.
UK0530 ETUK Oct Lloyds business barometer, Sep 42.
EUR0600 ETEurozone Sep unemployment rate expected unch at 11.0%.
0600 ETEurozone Oct CPI estimate expected unch y/y, Sep -0.1% y/y. Oct core CPI expected +0.9% y/y, Sep +0.9% y/y.
U.S. STOCK CALENDAR10/30/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
Aon PLCAON USBef-mktQ3 2015 Earnings ReleaseQ3 20151.24
Chevron CorpCVX USBef-mktQ3 2015 Earnings ReleaseQ3 20150.758
Colgate-Palmolive CoCL USBef-mktQ3 2015 Earnings ReleaseQ3 20150.721
Eaton Corp PLCETN USBef-mktQ3 2015 Earnings ReleaseQ3 20150.967
Mylan NVMYL USBef-mktQ3 2015 Earnings ReleaseQ3 20151.376
Newell Rubbermaid IncNWL USBef-mktQ3 2015 Earnings ReleaseQ3 20150.613
Exelon CorpEXC USBef-mktQ3 2015 Earnings ReleaseQ3 20150.707
Pinnacle West Capital CorpPNW USBef-mktQ3 2015 Earnings ReleaseQ3 20152.318
Weyerhaeuser CoWY USBef-mktQ3 2015 Earnings ReleaseQ3 20150.247
Welltower IncHCN USBef-mktQ3 2015 Earnings ReleaseQ3 20151.1
Iron Mountain IncIRM USBef-mktQ3 2015 Earnings ReleaseQ3 20150.495
Moody's CorpMCO USBef-mktQ3 2015 Earnings ReleaseQ3 20151.06
Seagate Technology PLCSTX USBef-mktQ1 2016 Earnings ReleaseQ1 20160.488
AbbVie IncABBV USBef-mktQ3 2015 Earnings ReleaseQ3 20151.081
Legg Mason IncLM US7:00Q2 2016 Earnings ReleaseQ2 20160.663
CVS Health CorpCVS US7:00Q3 2015 Earnings ReleaseQ3 20151.29
Phillips 66PSX US7:00Q3 2015 Earnings ReleaseQ3 20152.251
Public Service Enterprise Group IncPEG US7:30Q3 2015 Earnings ReleaseQ3 20150.811
Rockwell Collins IncCOL US7:30Q4 2015 Earnings ReleaseQ4 20151.401
Exxon Mobil CorpXOM US8:00Q3 2015 Earnings ReleaseQ3 20150.886
Legg Mason IncLM US8:00Q2 2016 Earnings CallQ2 2016
Eastman Chemical CoEMN US8:00Q3 2015 Earnings CallQ3 2015
Genworth Financial IncGNW US8:00Q3 2015 Earnings CallQ3 2015
Aon PLCAON US8:30Q3 2015 Earnings CallQ3 2015
Ford Motor CoF US8:30Investor DayY 2015
CVS Health CorpCVS US8:30Q3 2015 Earnings CallQ3 2015
Newell Rubbermaid IncNWL US8:30Q3 2015 Earnings CallQ3 2015
Iron Mountain IncIRM US8:30Q3 2015 Earnings CallQ3 2015
American Tower CorpAMT US8:30Q3 2015 Earnings CallQ3 2015
Leggett & Platt IncLEG US9:00Q3 2015 Earnings CallQ3 2015
Rockwell Collins IncCOL US9:00Q4 2015 Earnings CallQ4 2015
Seagate Technology PLCSTX US9:00Q1 2016 Earnings CallQ1 2016
AbbVie IncABBV US9:00Q3 2015 Earnings CallQ3 2015
Exxon Mobil CorpXOM US9:30Q3 2015 Earnings CallQ3 2015
Eaton Corp PLCETN US10:00Q3 2015 Earnings CallQ3 2015
Mylan NVMYL US10:00Q3 2015 Earnings CallQ3 2015
Weyerhaeuser CoWY US10:00Q3 2015 Earnings CallQ3 2015
Welltower IncHCN US10:00Q3 2015 Earnings CallQ3 2015
Boston Properties IncBXP US10:00Q3 2015 Earnings CallQ3 2015
FirstEnergy CorpFE US10:00Q3 2015 Earnings CallQ3 2015
Chevron CorpCVX US11:00Q3 2015 Earnings CallQ3 2015
Colgate-Palmolive CoCL US11:00Q3 2015 Earnings CallQ3 2015
Exelon CorpEXC US11:00Q3 2015 Earnings CallQ3 2015
Public Service Enterprise Group IncPEG US11:00Q3 2015 Earnings CallQ3 2015
Flowserve CorpFLS US11:00Q3 2015 Earnings CallQ3 2015
Moody's CorpMCO US11:30Q3 2015 Earnings CallQ3 2015
Pinnacle West Capital CorpPNW US12:00Q3 2015 Earnings CallQ3 2015
Phillips 66PSX US12:00Q3 2015 Earnings CallQ3 2015
Essex Property Trust IncESS US14:00Q3 2015 Earnings CallQ3 2015
Microchip Technology IncMCHP USQ2 2016 Earnings ReleaseQ2 20160.629
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