Financial Tides -- A Stock Market Investing Newsletter by Jim Van Meerten: FORK

Showing posts with label FORK. Show all posts

Thursday, October 29, 2015

BARCHART MORNING CALL 10/29

Thursday, October 29th, 2015View Older Reports

Everything you need to know about the markets in one free daily newsletter.

You will also receive a free subscription to the Barchart family of newsletters.

OVERNIGHT MARKETS AND NEWS

December E-mini S&Ps (ESZ15 -0.40%) are down -0.37% and European stocks are down -0.41% after the Fed said yesterday it is still considering an interest rate increase this year. The markets await today's data on U.S. Q3 GDP and weekly initial unemployment claims to see if the economy is strong enough to handle an interest rate hike. Weakness in bank stocks is undercutting European equities with Deutsche Bank AG and Barclays PLC both down at least 4.5%. Asian stocks settled mixed: Japan +0.17%, Hong Kong -0.60%, China +0.36%, Taiwan -1.10%, Australia -1.28%, Singapore -1.28%, South Korea -0.34%, India -0.75%. China's Shanghai Composite closed higher on speculation the Chinese government will provide additional stimulus to spur growth after Premier Li Keqiang said that China needs annual growth of at least 6.53% over the next 5 years to meet the government's goal for a "moderately prosperous society." Japan's Nikkei Stock Index closed higher as the BOJ began a 2-day policy meeting today.

The dollar index (DXY00 -0.38%) is down -0.46%. EUR/USD (^EURUSD) is up +0.39% after an unexpected increase in Eurozone Oct economic confidence to a more than 4-year high reduces the chances of additional easing from the ECB. USD/JPY (^USDJPY) is down -0.18% after stronger-than-expected Japan Sep industrial production curbed speculation the BOJ will expand QE and boosted the yen.

Dec T-note prices (ZNZ15 -0.06%) are down -1 tick at a 1-month low after the Fed yesterday left open the possibility of an interest rate increase at the Dec FOMC meeting.

Eurozone Oct economic confidence unexpectedly rose +0.3 to 105.9, stronger than expectations of -0.5 to 105.1 and the highest in 4-1/3 years.

Japan Sep industrial production rose +1.0% m/m and fell -0.9% y/y, stronger than expectations of -0.6% m/m and -2.6% y/y.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) weekly initial unemployment claims (expected +6,000 to 265,000, previous +3,000 to 259,000) and continuing claims (expected -10,000 to 2.160 million, previous +6,000 to 2.170 million), (2) Q3 GDP (expected +1.5% after Q2's +3.9%), (3) Sep pending home sales (expected +1.0% m/m and +7.3% y/y, Aug -1.4% m/m and +6.7% y/y), and (4) the Treasury's auction of $29 billion 7-year T-notes.

There are 48 of the S&P 500 companies that report earnings today with notable reports including: MasterCard (consensus $0.88), Starbucks (0.43), Coca-Cola Enterprises (0.82), Johnson Controls (1.01), ConocoPhillips (-0.38), CME Group (0.99), Time Warner Cable (1.55), Marathon Petroleum (1.82), Electronic Arts (0.45), First Solar (1.56), Expedia (2.03).

U.S. IPO's scheduled to price today: Fuling Global (FORK).

Equity conferences during the remainder of this week include: none.

OVERNIGHT U.S. STOCK MOVERS

PayPal (PYPL +1.61%) fell 6% in pre-market trading after it reported Q3 EPS of 31 cents, better than consensus of 29 cents, but reported Q3 revenue of $2.26 billion, less than consensus of $2.28 billion.

Allergan Plc (AGN +0.50%) jumped 14% in pre-market trading after the WSJ reported it is considering a merger with Pfizer.

CME Group (CME +2.18%) reported Q3 EPS of $1.06, better than consensus of 99 cents.

Amgen (AMGN +0.43%) rose over 1% in after-hours trading after it reported Q3 adjusted EPS of $2.72, well above consensus of $2.37, and then raised guidance on fiscal 2015 EPS to $9.95-$10.10 from a July estimate of $9.55-$9.80, above consensus of $9.77.

Aetna (AET +0.40%) reported Q3 EPS of $1.90, higher than consensus of $1.77.

FMC Corp. (FMC +3.39%) climbed 1% in after-hours trading after it reported adjusted Q3 EPS of 42 cents, better than consensus of 38 cents.

Yelp (YELP -3.62%) rallied over 2% in after-hours trading after it raised guidance on fiscal 2015 revenue to $545.5 million-$551.5 million from a prior estimate of $544 million-$550 million, above consensus of $545.7 million.

GoPro (GPRO +7.01%) tumbled 12% in after-hours trading after it reported Q3 EPS of 25 cents, weaker than consensus of 29 cents.

Pilgrim's Pride (PPC +0.26%) fell 4% in after-hours trading after it reported Q3 adjusted EPS of 58 cents, well below consensus of 72 cents.

F5 Networks (FFIV +0.87%) fell over 4% in after-hours trading after it reported Q4 EPS of $1.84, better than consensus of $1.74, but then lowered guidance on Q1 EPS to $1.58-$1.61, below consensus of $1.71.

Vertex Pharmaceuticals (VRTX -0.75%) rose almost 6% in after-hours trading after it posted a Q3 EPS loss of -13 cents, a smaller loss than consensus of-31 cents.

HanesBrands (HBI +2.03%) jumped over 10% in after-hours trading after it reported adjusted Q3 EPS of 50 cents, above consensus of 45 cents, and then raised guidance on fiscal 2015 EPS to $1.66-$1.68 from a prior view of $1.61-$1.66, above consensus of $1.64.

SunPower (SPWR +3.53%) gained over 4% in after-hours trading after it reported Q3 EPS of 13 cents, better than consensus of break even.

MARKET COMMENTS

Dec E-mini S&Ps (ESZ15 -0.40%) this morning are down -7.75 points (-0.37%). Wednesday's closes: S&P 500 +1.18%, Dow Jones +1.13%, Nasdaq +0.85%. The S&P 500 on Wednesday rose to a 2-1/4 month high and closed higher on strength in energy producers as crude oil rallied and on underlying support from mostly better-than-expected Q3 company earnings results. Stocks fell back briefly after the Fed said in its post-FOMC statement that the economy is still expanding at a "moderate" pace and that they will consider a rate increase at the December meeting.

Dec 10-year T-notes (ZNZ15 -0.06%) this morning are down -1 tick at a fresh 1-month low. Wednesday's closes: TYZ5 -23.00, FVZ5 -17.75. Dec T-notes on Wednesday slid to a 1-month low and closed lower on the Fed's post-FOMC meeting statement that left open the possibility of a an interest rate increase at the Dec meeting and on reduced safe-haven demand with the rally in the S&P 500 to a 2-1/4 month high.

The dollar index (DXY00 -0.38%) this morning is down -0.452 (-0.46%). EUR/USD (^EURUSD) is up +0.0043 (+0.39%). USD/JPY (^USDJPY) is down-0.22 (-0.18%). Wednesday's closes: Dollar Index +0.876 (+0.90%), EUR/USD -0.0128 (-1.16%), USD/JPY +0.63 (+0.52%). The dollar index on Wednesday shed early losses and rallied to a 2-1/2 month high on the post-FOMC meeting statement that left open the possibility of an interest rate increase at the Dec meeting. In addition, there was weakness in EUR/USD, which fell to a 2-1/2 month low, after ECB Executive Board member Coeure said that the ECB may expand stimulus if inflation remains below the ECB's 2.0% target.

Dec crude oil (CLZ15 -1.37%) this morning is down -68 cents (-1.48%) and Dec gasoline (RBZ15 -1.34%) is down -0.0207 (-1.55%). Wednesday's closes: CLZ5 +2.98 (+6.90%), RBZ5 +0.0613 (+4.80%). Dec crude and gasoline prices closed sharply higher on Wednesday with Dec crude at a 1-week high and Dec gasoline at a 2-week high. Crude oil prices found support on short-covering and the EIA report where distillate inventories fell by -2.95 million bbl (vs expectations of -1.75 million bbl) and Cushing crude oil inventories fell by -785,000 bbls.

GLOBAL EVENT CALENDAR10/29/2015

US	0830 ET	Weekly initial unemployment claims expected +6,000 to 265,000, previous +3,000 to 259,000. Weekly continuing claims expected -10,000 to 2.160 million, previous +6,000 to 2.170 million.
	0830 ET	Q3 GDP expected +1.5% (q/q annualized), Q2 +3.9%. Q3 personal consumption expected +3.3%, Q2 +3.6%. Q3 GDP price index expected +1.4%, Q2 +2.1%. Q3 core PCE deflator expected +1.4%, Q2 +1.9%.
	0830 ET	USDA weekly Export Sales.
	1000 ET	Sep pending home sales expected +1.0% m/m and +7.3% y/y, Aug -1.4% m/m and +6.7% y/y.
	1300 ET	Treasury auctions $29 billion 7-year T-notes.
UK	0300 ET	UK Oct nationwide house prices expected +0.5% m/m and +3.8% y/y, Sep +0.5% m/m and +3.8% y/y.
	0530 ET	UK Sep net consumer credit expected +1.1 billion pounds, Aug +0.9 billion pounds.
	0530 ET	UK Sep mortgage approvals expected 72,400, Aug 71,000.
	0530 ET	UK Sep money supply, Aug -0.4% m/m and -0.1% y/y.
	0700 ET	UK Oct CBI reported sales expected -14 to 35, Sep 49.
	2005 ET	UK Oct GfK consumer confidence expected +1 to 4, Sep 3.
GER	0455 ET	German Oct unemployment change expected -4,000, Sep +2,000. Oct unemployment rate expected unch at 6.4%.
	0900 ET	German Oct CPI (EU harmonized) expected -0.1% m/m and unch y/y, Sep -0.3% m/m and -0.2% y/y.
EUR	0600 ET	Eurozone Oct economic confidence expected -0.5 to 105.1, Sep 105.6. Oct business climate indicator expected 0.03 to 0.31, Sep 0.34.
	0600 ET	Revised Eurozone Oct consumer confidence, previous -0.6 to -7.7.
JPN	1930 ET	Japan Sep jobless rate expected unch at 3.4%. Sep job-to-applicant ratio expected +0.01 to 1.24, Aug 1.23.
	1930 ET	Japan Sep overall household spending expected +1.1% y/y, Aug +2.9% y/y.
	1930 ET	Japan Sep national CPI expected unch y/y, Aug +0.2% y/y. Sep national CPI ex fresh food expected -0.2% y/y, Aug -0.1% y/y. Sep national CPI ex food & energy expected +0.9% y/y, Aug +0.8% y/y.
	1930 ET	Japan Tokyo Oct CPI expected unch y/y, Sep -0.1% y/y. Tokyo Oct CPI ex-fresh food expected -0.2% y/y, Sep -0.2% y/y. Tokyo Oct CPI ex food & energy expected +0.5% y/y, Sep +0.6% y/y.

U.S. STOCK CALENDAR10/29/2015

Company	Ticker	Time	Event Description	Period	Estimate
Air Products & Chemicals Inc	APD US	Bef-mkt	Q4 2015 Earnings Release	Q4 2015	1.803
CMS Energy Corp	CMS US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.495
Coca-Cola Enterprises Inc	CCE US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.815
Goodyear Tire & Rubber Co/The	GT US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.968
Johnson Controls Inc	JCI US	Bef-mkt	Q4 2015 Earnings Release	Q4 2015	1.009
Host Hotels & Resorts Inc	HST US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.32
PPL Corp	PPL US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.496
ConocoPhillips	COP US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	-0.378
Pitney Bowes Inc	PBI US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.438
Praxair Inc	PX US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	1.447
SCANA Corp	SCG US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.96
Sherwin-Williams Co/The	SHW US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	3.866
BorgWarner Inc	BWA US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.701
McKesson Corp	MCK US	Bef-mkt	Q2 2016 Earnings Release	Q2 2016	2.99
AmerisourceBergen Corp	ABC US	Bef-mkt	Q4 2015 Earnings Release	Q4 2015	1.182
Alexion Pharmaceuticals Inc	ALXN US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	1.008
L-3 Communications Holdings Inc	LLL US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	1.816
CME Group Inc/IL	CME US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.991
Time Warner Cable Inc	TWC US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	1.552
Xcel Energy Inc	XEL US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.803
MasterCard Inc	MA US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.875
Marathon Petroleum Corp	MPC US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	1.819
Delphi Automotive PLC	DLPH US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	1.271
Allegion PLC	ALLE US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.778
Baxalta Inc	BXLT US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.488
Aetna Inc	AET US	6:00	Q3 2015 Earnings Release	Q3 2015	1.767
Xylem Inc/NY	XYL US	6:55	Q3 2015 Earnings Release	Q3 2015	0.479
Avery Dennison Corp	AVY US	7:00	Q3 2015 Earnings Release	Q3 2015	0.844
Altria Group Inc	MO US	7:00	Q3 2015 Earnings Release	Q3 2015	0.753
Invesco Ltd	IVZ US	7:00	Q3 2015 Earnings Release	Q3 2015	0.619
American Tower Corp	AMT US	7:00	Q3 2015 Earnings Release	Q3 2015	1.15
Zimmer Biomet Holdings Inc	ZBH US	7:30	Q3 2015 Earnings Release	Q3 2015	1.56
Harman International Industries Inc	HAR US	8:00	Q1 2016 Earnings Release	Q1 2016	1.404
Pitney Bowes Inc	PBI US	8:00	Q3 2015 Earnings Call	Q3 2015
Zimmer Biomet Holdings Inc	ZBH US	8:00	Q3 2015 Earnings Call	Q3 2015
PPL Corp	PPL US	8:30	Q3 2015 Earnings Call	Q3 2015
Tesoro Corp	TSO US	8:30	Q3 2015 Earnings Call	Q3 2015
McKesson Corp	MCK US	8:30	Q2 2016 Earnings Call	Q2 2016
American Tower Corp	AMT US	8:30	Q3 2015 Earnings Call	Q3 2015
Aetna Inc	AET US	8:30	Q3 2015 Earnings Call	Q3 2015
CME Group Inc/IL	CME US	8:30	Q3 2015 Earnings Call	Q3 2015
Time Warner Cable Inc	TWC US	8:30	Q3 2015 Earnings Call	Q3 2015
Delphi Automotive PLC	DLPH US	8:30	Q3 2015 Earnings Call	Q3 2015
Allegion PLC	ALLE US	8:30	Q3 2015 Earnings Call	Q3 2015
Baxalta Inc	BXLT US	8:30	Q3 2015 Earnings Call	Q3 2015
Ball Corp	BLL US	9:00	Q3 2015 Earnings Release	Q3 2015	0.954
CMS Energy Corp	CMS US	9:00	Q3 2015 Earnings Call	Q3 2015
FMC Corp	FMC US	9:00	Q3 2015 Earnings Call	Q3 2015
Goodyear Tire & Rubber Co/The	GT US	9:00	Q3 2015 Earnings Call	Q3 2015
Host Hotels & Resorts Inc	HST US	9:00	Q3 2015 Earnings Call	Q3 2015
Altria Group Inc	MO US	9:00	Q3 2015 Earnings Call	Q3 2015
Unum Group	UNM US	9:00	Q3 2015 Earnings Call	Q3 2015
Williams Cos Inc/The	WMB US	9:00	Q3 2015 Earnings Call	Q3 2015
Range Resources Corp	RRC US	9:00	Q3 2015 Earnings Call	Q3 2015
Invesco Ltd	IVZ US	9:00	Q3 2015 Earnings Call	Q3 2015
MasterCard Inc	MA US	9:00	Q3 2015 Earnings Call	Q3 2015
Xylem Inc/NY	XYL US	9:00	Q3 2015 Earnings Call	Q3 2015
BorgWarner Inc	BWA US	9:30	Q3 2015 Earnings Call	Q3 2015
Air Products & Chemicals Inc	APD US	10:00	Q4 2015 Earnings Call	Q4 2015
Avery Dennison Corp	AVY US	10:00	Q3 2015 Earnings Call	Q3 2015
Coca-Cola Enterprises Inc	CCE US	10:00	Q3 2015 Earnings Call	Q3 2015
Lincoln National Corp	LNC US	10:00	Q3 2015 Earnings Call	Q3 2015
Newmont Mining Corp	NEM US	10:00	Q3 2015 Earnings Call	Q3 2015
Alexion Pharmaceuticals Inc	ALXN US	10:00	Q3 2015 Earnings Call	Q3 2015
Marriott International Inc/MD	MAR US	10:00	Q3 2015 Earnings Call	Q3 2015
Xcel Energy Inc	XEL US	10:00	Q3 2015 Earnings Call	Q3 2015
Marathon Petroleum Corp	MPC US	10:00	Q3 2015 Earnings Call	Q3 2015
Ball Corp	BLL US	11:00	Q3 2015 Earnings Call	Q3 2015
Harman International Industries Inc	HAR US	11:00	Q1 2016 Earnings Call	Q1 2016
Johnson Controls Inc	JCI US	11:00	Q4 2015 Earnings Call	Q4 2015
Praxair Inc	PX US	11:00	Q3 2015 Earnings Call	Q3 2015
Citigroup Inc	C US	11:00	Q3 2015 Earnings Call - Fixed Income	C3 2015
Sherwin-Williams Co/The	SHW US	11:00	Q3 2015 Earnings Call	Q3 2015
Ensco PLC	ESV US	11:00	Q3 2015 Earnings Call	Q3 2015
O'Reilly Automotive Inc	ORLY US	11:00	Q3 2015 Earnings Call	Q3 2015
AmerisourceBergen Corp	ABC US	11:00	Q4 2015 Earnings Call	Q4 2015
L-3 Communications Holdings Inc	LLL US	11:00	Q3 2015 Earnings Call	Q3 2015
ConocoPhillips	COP US	12:00	Q3 2015 Earnings Call	Q3 2015
Transocean Ltd	RIG US	12:00	Extraordinary Shareholders Meeting	Y 2015
Murphy Oil Corp	MUR US	13:00	Q3 2015 Earnings Call	Q3 2015
Public Storage	PSA US	14:00	Q3 2015 Earnings Call	Q3 2015
Realty Income Corp	O US	14:30	Q3 2015 Earnings Call	Q3 2015
SCANA Corp	SCG US	15:00	Q3 2015 Earnings Call	Q3 2015
Oracle Corp	ORCL US	15:00	Financial Analyst Meeting	Y 2015
Western Union Co/The	WU US	16:30	Q3 2015 Earnings Call	Q3 2015
Expedia Inc	EXPE US	16:30	Q3 2015 Earnings Call	Q3 2015
First Solar Inc	FSLR US	16:30	Q3 2015 Earnings Call	Q3 2015
Electronic Arts Inc	EA US	17:00	Q2 2016 Earnings Call	Q2 2016
Starbucks Corp	SBUX US	17:00	Q4 2015 Earnings Call	Q4 2015
Eastman Chemical Co	EMN US	17:00	Q3 2015 Earnings Release	Q3 2015	1.843
Republic Services Inc	RSG US	17:00	Q3 2015 Earnings Call	Q3 2015
Leggett & Platt Inc	LEG US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	0.557
Flowserve Corp	FLS US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	0.791
Electronic Arts Inc	EA US	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	0.451
Starbucks Corp	SBUX US	Aft-mkt	Q4 2015 Earnings Release	Q4 2015	0.434
Essex Property Trust Inc	ESS US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	2.453
Boston Properties Inc	BXP US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	1.365
Western Union Co/The	WU US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	0.44
FirstEnergy Corp	FE US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	0.883
Republic Services Inc	RSG US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	0.53
Fluor Corp	FLR US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	1.12
Genworth Financial Inc	GNW US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	0.221
Expedia Inc	EXPE US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	2.034
First Solar Inc	FSLR US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	1.564
Fluor Corp	FLR US	17:30	Q3 2015 Earnings Call	Q3 2015

Monday, October 19, 2015

BARCHART MORNING CALL 10/19

BARCHART MORNING CALL

Monday, October 19th, 2015View Older Reports

Everything you need to know about the markets in one free daily newsletter.

You will also receive a free subscription to the Barchart family of newsletters.

OVERNIGHT MARKETS AND NEWS

December E-mini S&Ps (ESZ15 -0.23%) are down -0.10% as they fall back from a 1-3/4 month high in overnight trade. Stocks retreated after China reported its slowest pace of growth in 6-1/2 years and as Morgan Stanley dropped over 5% in pre-market trading when it reported weaker-than-expected Q3 earnings. European stocks are up +0.54% at a 5-week high led by a 4% rally in Deutsche Bank AG after it reshuffled its management in an attempt to reshape the company. Asian stocks settled mixed: Japan -0.88%, Hong Kong +0.04%, China -0.14%, Taiwan +0.31%, Australia +0.03%, Singapore-0.20%, South Korea +0.04%, India +0.55%. China's Shanghai Composite rose to a 1-3/4 month high after China Q3 GDP grew at a faster pace than expected, but the slowest pace of manufacturing activity in 6 months undercut stocks as they shed their gains and closed slightly lower.

The dollar index (DXY00 +0.30%) is up +0.32%. EUR/USD (^EURUSD) is down -0.23% at a 1-week low ahead of Thursday's ECB monetary policy meeting. USD/JPY (^USDJPY) is unchanged.

Dec T-note prices (ZNZ15 -0.15%) are down -6 ticks.

New York Fed President Dudley said "it's still too early to consider an interest-rate increase." He added that "the situation has changed in the past few months. It's true that we thought we could raise rates by the end of 2015, but turbulence in financial markets, modest global growth, energy prices and macro-prudential imbalances are slowing this process down."

China Q3 GDP rose +6.9% y/y, stronger than expectations of +6.8% y/y, but still the slowest pace of growth in 6-1/2 years.

China Sep industrial production rose +5.7% y/y, weaker than expectations of +6.0% y/y and the slowest pace on 6 months.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Oct NAHB housing market index (expected unch at 62, Sep +1 to 62), and 92) Richmond Fed President Jeffrey Lacker's speech on “Early Childhood Education in the Context of Lifetime Human Capital Investment” at the University of Richmond.

There are 7 of the S&P 500 companies that report earnings today: Morgan Stanley (consensus $0.63), IBM (3.30), Genuine Parts (1.23), Halliburton (0.27), M&T Bank (2.00), Hasbro (1.52), Zions Bancorporation (0.42).

U.S. IPO's scheduled to price today: Adesto Technologies (IOTS), Fuling Global (FORK).

Equity conferences today include: Private Wealth Latin America and The Caribbean Forum on Wed.

OVERNIGHT U.S. STOCK MOVERS

Morgan Stanley (MS +1.01%) slid over 5% in pre-market trading after it reported Q3 EPS of 34 cents, well below consensus of 63 cents.

Hasbro (HAS +3.25%) reported Q3 EPS of $1.58, better than consesnsus of $1.52.

Diebold (DBD +1.98%) jumped over 4% in pre-market trading after it offered to buy Wincor Nixdorf AG for $1.8 billion.

Halliburton (HAL -3.69%) reported Q3 EPS of 31 cents, above consensus of 27 cents.

Weight Watchers (WTW -1.59%) surged over 30% in pre-market trading after Oprah Winfrey bought 10% of the stock in a partnership.

PMC-Sierra (PMCS -0.39%) climbed 11% in pre-market trading after Microsemi offered to buy the company for $2.4 billion.

Western Digital (WDC -1.97%) rose over 1% in pre-market trading after it said a decision from China's Misitry of Commerce allows it to integrate some parts of its subsidiaries.

Potash (POT -1.04%) was raised to 'Sector Outperform' from 'Sector Perform' by CIBC with a price target of $28.

Reuters reports that Lockheed Martin (LMT +0.29%) has started a review aimed at cutting corporate overhead costs by as much as 30%.

AT&T's (T +1.02%) DirecTV said it will restate financials for Q2 as they contained an error in calculation of the Venezuelan unit's assets and associated impairment.

According to a person with knowledge of the matter, the Fresh Market (TFM +7.82%) is working with Apollo Global Management LLC to explore a possible buyout of the company.

Great Lakes Dredge & Dock (GLDD -4.31%) has withdrawn its previously announced adjusted EBITDA guidance for fiscal year 2015 and said its Board of Directors has initiated a process to review potential strategic alternatives to enhance stockholder value.

MARKET COMMENTS

Dec E-mini S&Ps (ESZ15 -0.23%) this morning are down -2.00 points (-0.10%). Friday's closes: S&P 500 +0.46%, Dow Jones +0.43%, Nasdaq +0.46%. The S&P 500 on Friday posted a 1-3/4 month high and closed higher on carryover support from a +1.60% rally in China's Shanghai Composite to a 1-3/4 month high and on the +4.9 point increase in U.S. Oct University of Michigan consumer sentiment to 92.1, stronger than expectations of +1.8 to 89.0. Stock prices were undercut by the -0.2% drop in U.S. Sep industrial production and the -298,000 fall in U.S. Aug JOLTS job openings to 5.37 million, a larger decline than expectations of -173,000 to 5.58 million.

Dec 10-year T-notes (ZNZ15 -0.15%) this morning are down -6 ticks. Friday's closes: TYZ5 -3.00, FVZ5 -2.00. Dec T-notes on Friday closed lower on reduced safe-haven demand with the rally in the S&P 500 to a 1-3/4 month high and on the larger-than-expected increase in U.S. Oct University of Michigan consumer sentiment. T-notes found underlying support from the drop in the 10-year inflation expectations breakeven rate to a 2-week low.

The dollar index (DXY00 +0.30%) this morning is up +0.303 (+0.32%). EUR/USD (^EURUSD) is down -0.0026 (-0.23%) at a 1-week low. USD/JPY (^USDJPY) is unchanged. Friday's closes: Dollar Index +0.169 (+0.18%), EUR/USD -0.0038 (-0.33%), USD/JPY +0.54 (+0.45%). The dollar index on Friday closed higher on (1) increased safe-haven demand for the dollar on concern over escalation of Middle Eastern hostilities after Turkey shot down a drone that invaded its airspace, and (2) the stronger than expected U.S. Oct University of Michigan consumer sentiment report.

Nov crude oil (CLX15 -0.99%) this morning is down -47 cents (-0.99%) and Nov gasoline (RBX15 -1.58%) is down -0.0209 (-1.57%). Friday's closes: CLX5 +0.88 (+1.90%), RBX5 +0.0201 (+1.54%). Nov crude oil and gasoline prices on Friday closed higher on (1) the -10 rig drop to a 5-year low of 595 in Baker Hughes U.S. oil rigs for the tenth straight weekly decline, and (2) the larger-than-expected increase in U.S. Oct University of Michigan consumer sentiment. Crude oil prices were undercut by the stronger dollar.

GLOBAL EVENT CALENDAR10/19/2015

US	1000 ET	Oct NAHB housing market index expected unch at 62, Sep +1 to 62.
	1100 ET	USDA weekly grain export inspections.
	1200 ET	Richmond Fed President Jeffrey Lacker speaks on Early Childhood Education in the Context of Lifetime Human Capital Investment at the University of Richmond.
	1600 ET	USDA weekly crop progress.
EUR	0500 ET	Eurozone Aug construction output, Jul +1.0% m/m and +1.8% y/y.

U.S. STOCK CALENDAR10/19/2015

Company	Ticker	Time	Event Description	Period	Estimate
Genuine Parts Co	GPC US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	1.229
Halliburton Co	HAL US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.272
M&T Bank Corp	MTB US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	2.004
Hasbro Inc	HAS US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	1.521
Morgan Stanley	MS US	7:00	Q3 2015 Earnings Release	Q3 2015	0.627
Hasbro Inc	HAS US	8:30	Q3 2015 Earnings Call	Q3 2015
Morgan Stanley	MS US	8:30	Q3 2015 Earnings Call	Q3 2015
Halliburton Co	HAL US	9:00	Q3 2015 Earnings Call	Q3 2015
M&T Bank Corp	MTB US	9:30	Q3 2015 Earnings Call	Q3 2015
Genuine Parts Co	GPC US	11:00	Q3 2015 Earnings Call	Q3 2015
Aetna Inc	AET US	13:30	Extraordinary Shareholders Meeting - M&A Vote	Y 2015
Humana Inc	HUM US	15:30	Extraordinary Shareholders Meeting - M&A Vote	Y 2015
International Business Machines Corp	IBM US	17:00	Q3 2015 Earnings Call	Q3 2015
International Business Machines Corp	IBM US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	3.303
Zions Bancorporation	ZION US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	0.422
Zions Bancorporation	ZION US	17:30	Q3 2015 Earnings Call	Q3 2015