MORNING CALL 4/25

MORNING CALL

Monday, April 25th, 2016View Older Reports

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OVERNIGHT MARKETS AND NEWS

Jun E-mini S&Ps (ESM16 -0.07%) are down -0.11% and European stocks are down -0.46% as crude oil and metals prices fall. Marathon Oil is down over 2% in pre-market trading to lead energy producing stocks lower and Freeport McMoRan and Alcoa are both down over 1% in pre-market trading to lead raw-material producers lower. Another negative for European stocks was an unexpected decline in German Apr IFO business confidence. Asian stocks settled mostly lower: Japan -0.76%, Hong Kong -0.76%, China -0.42%, Taiwan +0.29%, Australia closed for holiday, Singapore -1.37%, South Korea -0.08%, India -0.62%. Chinese stocks closed lower as material companies fell after commodity exchanges in Zhengzhou and Dalian announced late Friday that they will raise margin requirements on futures contracts of cotton and thermal coal, which followed hikes of margins in steel reinforcement-bar iron and iron ore contracts earlier last week. Recent stronger-than-expected Chinese economic data has reduced the odds of further easing and led to increased speculation in Chinese commodity markets. Japan's Nikkei Stock Index retreated from a 2-3/4 month high and closed lower after USD/JPY fell back from a 3-week high and moved lower, which curbs the earnings prospects of Japanese exporters.

The dollar index (DXY00 -0.35%) is down -0.23%. EUR/USD (^EURUSD) is up +0.34%. USD/JPY (^USDJPY) is down -0.63%.

Jun T-note prices (ZNM16 +0.11%) are up +3 ticks.

The German Apr IFO business climate unexpectedly fell -0.1 to 106.6, weaker than expectations of +0.4 to 107.1.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Mar new home sales (expected +1.6% to 520,000, Feb +2.0% to 512,000), (2) Apr Dallas Fed manufacturing activity (expected +3.6 to -10.0, Mar +18.2 to -13.6), and (3) the Treasury's auction of $26 billion of 2-year T-notes.

There are 5 of the S&P 500 companies that report earnings today with notable reports including: Halliburton (consensus $0.04), Lab Corp of America (1.95), Roper Technologies (1.46), Xerox (0.23), Express Scripts (1.22), Pioneer Natural Resources (-0.75).

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

Equity conferences this week include: Nomura Retail and Restaurants Conference on Wed.

OVERNIGHT U.S. STOCK MOVERS

Marathon OIL (MRO +3.46%) slid over 2% in pre-market trading as the price of crude oil fell.

Public Storage (PSA +0.73%) dropped over 1% in pre-market trading after it was downgraded to 'Sell' form 'Neutral' at Goldman Sachs.

Freeport McMoRan (FCX +1.30%) and Alcoa (AA -0.19%) are both down over 1% in pre-market trading as the price of copper declined.

PulteGroup (PHM -0.42%) was downgraded to 'Market Perform' from 'Outperform' at Raymond James.

L Brands (LB -0.58%) was upgraded to 'Buy' from 'Hold' at Stifel with a price target of $90.

Hub Group (HUBG +2.26%) was downgraded to 'Hold' from 'Buy' at BB&T Capital Markets.

Jazz Pharmaceuticals Plc (JAZZ +0.67%) was upgraded to 'Buy' from 'Neutral' at SunTrust with a price target of $200.

Discovery Communications (DISCK +0.98%) was downgraded to 'Hold' from 'Buy' at Topeka Capital Markets.

Joy Global (JOY -0.82%) was upgraded to 'Neutral' from 'Sell' at Goldman Sachs.

International Paper (IP +1.86%) was downgraded to 'Sector Perform' from 'Outperform' at RBC Capital Markets.

Halliburton (HAL +1.26%) reported Q1 revenue of $4.2 billion, higher than consensus of $4.15 billion, said it cut over 6,000 jobs in Q1, and took a $2.1 billion after-tax restructuring charge in Q1.

Inflobox (BLOX +1.52%) jumped almost 6% in after-hours trading after Starboard Value reported a 7.5% stake in the company.

Cabot Oil & Gas (COG +1.88%) fell nearly 3% in after-hours trading after the New York Department of Environmental Conservation denied a key water permit for the Constitution gas pipeline.

MARKET COMMENTS

June E-mini S&Ps (ESM16 -0.07%) this morning are down -2.25 points (-0.11%). Friday's closes: S&P 500 unch, Dow Jones +0.12%, Nasdaq -1.47%. The S&P 500 on Friday closed little changed. Stocks were boosted by strength in bank stocks and by a rally in mining stocks and energy producers after copper prices rose to a 1-month high and crude oil prices gained. Stocks were undercut by the unexpected -0.7 point decline in the U.S. Apr Markit manufacturing PMI to 50.8 (weaker than expectations of +0.5 to 52.0) and by a slide in technology as the Nasdaq fell to a 1-1/2 week low after Microsoft and Alphabet both reported disappointing earnings results.

June 10-year T-note prices (ZNM16 +0.11%) this morning are up +3 ticks. Friday's closes: TYM6 -4.50, FVM6 -2.75. Jun T-notes on Friday fell to a 3-week low and closed lower on the rise in the 10-year T-note breakeven inflation expectations rate to a 3-week high and on reduced safe-haven demand as stocks recovered from early losses.

The dollar index (DXY00 -0.35%) this morning is down -0.215 (-0.23%). EUR/USD (^EURUSD) is up +0.0038 (+0.34%). USD/JPY (^USDJPY) is is down -0.70 (-0.63%). Friday's closes: Dollar Index +0.517 (+0.55%), EUR/USD -0.0066 (-0.58%), USD/JPY +2.33 (+2.12%). The dollar index on Friday closed higher on the rally in USD/JPY to a 2-1/2 week high on speculation the BOJ will boost stimulus measures when it meets Apr 27-28 in an attempt to weaken the yen. In addition, EUR/USD saw weakness on the unexpected decline in the Eurozone Apr Markit manufacturing PMI (-0.1 versus expectations of +0.3).

June WTI crude oil (CLM16 -0.75%) this morning is down -39 cents (-0.89%). June gasoline (RBM16 -0.80%) is down -0.0119 (-0.77%). Friday's closes: CLM6 +0.57 (+1.32%), RBM6 +0.0162 (+1.06%). Jun crude and gasoline on Friday closed higher with Jun gasoline at a 3-1/2 month high. Crude oil prices were boosted by the outlook for U.S. crude production to continue to decline after Baker Hughes reported that the number of active U.S. oil rigs fell -8 to a 6-1/2 year low of 343 rigs in the week ended Apr 22. In addition, the International Energy Agency forecast that non-OPEC oil production will drop about -700,000 bpd this year.

GLOBAL EVENT CALENDAR04/25/2016

US	1000 ET	Mar new home sales expected +1.6% to 520,000, Feb +2.0% to 512,000.
	1030 ET	Apr Dallas Fed manufacturing activity expected +3.6 to -10.0, Mar +18.2 to -13.6.
	1100 ET	USDA weekly grain export inspections.
	1300 ET	Treasury auctions $26 billion of 2-year T-notes.
	1600 ET	USDA Weekly Crop Progress.
JPN	0100 ET	Revised Japan Feb leading index CI, preliminary 99.8. Revised Feb coincident index, preliminary 110.3.
GER	0400 ET	German Apr IFO business climate expected +0.3 to 107.0, Mar 106.7. Apr IFO current assessment expected -0.1 to 113.7. Apr IFO expectations expected +0.9 to 100.9, Mar 100.0.
UK	0600 ET	UK Apr CBI trends total orders expected -3 to -17, Mar -14. Apr CBI business optimism, Mar -4. Apr CBI trends selling prices, Mar -1.

U.S. STOCK CALENDAR04/25/2016

Company	Ticker	Time	Event Description	Period	Estimate
Halliburton Co	HAL US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	0.042
Laboratory Corp of America Holdings	LH US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	1.954
Roper Technologies Inc	ROP US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	1.461
Xerox Corp	XRX US	7:00	Q1 2016 Earnings Release	Q1 2016	0.23
United Technologies Corp	UTX US	8:00	Annual General Meeting
Roper Technologies Inc	ROP US	8:30	Q1 2016 Earnings Call	Q1 2016
Laboratory Corp of America Holdings	LH US	9:00	Q1 2016 Earnings Call	Q1 2016
Xerox Corp	XRX US	10:00	Q1 2016 Earnings Call	Q1 2016
Honeywell International Inc	HON US	10:30	Annual General Meeting	Y 2016
NVIDIA Corp	NVDA US	17:00	ITC Final Decision Due in Samsung vs. Nvidia Patent-Infringement Case
UDR Inc	UDR US	Aft-mkt	Q1 2016 Earnings Release	Q1 2016	0.431
Express Scripts Holding Co	ESRX US	Aft-mkt	Q1 2016 Earnings Release	Q1 2016	1.218
Zions Bancorporation	ZION US	Aft-mkt	Q1 2016 Earnings Release	Q1 2016	0.393
Pioneer Natural Resources Co	PXD US	Aft-mkt	Q1 2016 Earnings Release	Q1 2016	-0.747
Zions Bancorporation	ZION US	17:30	Q1 2016 Earnings Call	Q1 2016
Genuine Parts Co	GPC US		Annual General Meeting
Public Storage	PSA US		Annual General Meeting
Hanesbrands Inc	HBI US		Annual General Meeting

BARCHART MORNING CALL 7/22

BARCHART MORNING CALL

Wednesday, July 22nd, 2015View Older Reports

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OVERNIGHT MARKETS AND NEWS

September E-mini S&Ps (ESU15 -0.40%) are down -0.40% as a slump in technology stocks drags the overall market lower. Disappointing earnings results after the market closed yesterday from Apple, Microsoft and Yahoo sent stock index futures lower with Apple down 5% in pre-market trading, Microsoft down nearly 4% and Yahoo down over 2%. European stocks are only down -0.11% as decent earnings results from Danske Bank A/S and EasyJet Plc kept losses in the overall market at a minimum. Asian stocks closed mostly lower: Japan -1.19%, Hong Kong -0.99%, China +0.21%, Taiwan -0.97%, Australia -1.61%, Singapore -0.35%, South Korea -0.99%, India +1.15%. China's Shanghai Composite reversed early losses, posted a 2-1/2 week high, and closed up +0.21% as shipping companies rallied after the Baltic Dry Index, a gauge of commodity shipping rates, rose to a 7-month high.
Commodity prices are mostly lower. Sep crude oil (CLU15 -1.08%) is down -1.08%. Sep gasoline (RBU15 -1.45%) is down -1.56%. Metals prices are weaker. Aug gold (GCQ15 -1.03%) is down -0.99%. Sep copper (HGU15 -1.58%) is down -1.58% at a 2-week low. Agricultural prices are lower with Dec corn down -1.50% at a 3-week low and Sep wheat down -1.29% at a 4-week low.
The dollar index (DXY00 unch) is up +0.07%. EUR/USD (^EURUSD) is down -0.10%. USD/JPY (^USDJPY) is down -0.07%.

Sep T-note prices (ZNU15 +0.07%) are up +1.5 ticks.
The minutes of the Jul 8-9 BOE meeting showed a growing number of policy makers were concerned about rising inflation pressures as the minutes stated that "for a number of members, the balance of risks to medium-term inflation relative to the 2.0% target was becoming more skewed to the upside at the current level of bank rate."

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) weekly MBA mortgage applications (previous -1.9% with purchase sub-index -7.5% and refi sub-index +3.7%), (2) May FHFA house price index (expected +0.4% m/m after April's +0.3% m/m), (3) Jun existing home sales (expected +0.9% to 5.40 million after May's +5.1% to 5.35 million).
There are 27 of the S&P 500 companies that report earnings today with notable reports including: Northern Trust (consensus $0.96), Abbott Labs (0.50), Coca-Cola (0.60), Boeing (1.37), Texas Instruments (0.65), American Express (1.32), Newmont Mining (0.26), Ameriprise (2.28), Discover Financial (1.32).
U.S. IPO's scheduled to price today include: Hennessy Capital Acquisition (HCACU), Etre REIT (ESSF), Live Oak Bancshares (LOB), Neos Therapeutics (NEOS).
Equity conferences during the remainder of this week include: Wells Fargo Securities Telecom Symposium on Thu.

OVERNIGHT U.S. STOCK MOVERS

Apple (AAPL -1.00%) fell 5% in after-hours trading after it reported Q3 EPS of $1.85, higher than consensus of $1.81, but then lowered guidance on Q4 revenue to $49 billion-$51 billion, below consensus of $51.05 billion. The stock was then downgraded to 'Market Perform' from 'Outperform' at Cowen.
United Technologies (UTX -7.03%) was downgraded to 'Neutral' from 'Overweight' at Atlantic Equities.
AMC Entertainment (AMC -3.07%) was upgraded to 'Buy' from 'Neutral' at MKM Partners.
Thermo Fisher Scientific (TMO +0.22%) reported Q2 EPS of $1.84, higher than consensus of $1.78.
Whirlpool (WHR +1.88%) reported Q2 EPS of $2.70, above consensus of $2.62.
EMC (EMC -0.20%) reported Q2 adjusted EPS of 43 cents, above consensus of 41 cents.
Illumina (ILMN -1.03%) fell 9% in after-hours trading after it reported Q2 adjusted EPS of 80 cents, higher than consensus of 77 cents, although Q2 revenue of $539 million was less than consensus of $541.77 million.
Hub Group (HUBG +1.90%) reported Q2 EPS of 51 cents, above consensus of 43 cents.
Nuance (NUAN -0.12%) raised guidance on Q3 EPS to 31 cents-32 cents, better than consensus of 28 cents.
GoPro (GPRO +2.04%) reported Q2 adjusted EPS of 35 cents, higher than consensus of 26 cents.
Intuitive Surgical (ISRG +1.50%) moved up over 10% in after-hours trading after it reported Q2 EPS of $4.57, well above consensus of $3.98.
Yahoo (YHOO +0.48%) slid 3% in afrer-hours trading after it reported Q2 EPS of 16 cents, below consensus of 18 cents.
Microsoft (MSFT +0.77%) reported Q4 adjusted EPS of 62 cents, above consensus of 56 cents.
VMware (VMW -0.99%) reported Q2 EPS of 93 cents, better than consensus of 91 cents.
Chipotle (CMG -0.73%) reported Q2 EPS of $4.45, higher than consensus of $4.44.

MARKET COMMENTS

September E-mini S&Ps (ESU15 -0.40%) this morning are down -8.50 points (-0.40%). Tuesday's closes: S&P 500 -0.43%, Dow Jones -1.00%, Nasdaq -0.11%. The S&P 500 on Tuesday closed lower on (1) disappointing earnings results from IBM, United Technologies, Apple and Verizon, and (2) profit taking in technology stocks after the Nasdaq Composite's sharp 8-session rally to a 15-1/4 year high.
Sep 10-year T-notes (ZNU15 +0.07%) this morning are up +1.5 ticks. Tuesday's closes: TYU5 +10.00, FVU5 +7.00. Sep T-notes on Tuesday settled higher on carry-over support from a rally in German bunds to a 1-week high and increased safe-haven demand with the weakness in stocks.
The dollar index (DXY00 unch) this morning is up +0.072 (+0.07%). EUR/USD (^EURUSD) is down -0.0011 (-0.10%). USD/JPY (^USDJPY) is down -0.09 (-0.07%). Tuesday's closes: Dollar Index -0.701 (-0.72%), EUR/USD +0.01106 (+1.02%), USD/JPY -0.385 (-0.31%). The dollar index on Tuesday fell back from a 2-3/4 month high and closed lower on long-liquidation pressure after the 4-session rally and weakness in USD/JPY after a slide in stocks boosted the safe-haven demand for the yen.
Sep WTI crude oil (CLU15 -1.08%) this morning is down -55 cents (-1.08%). Sep gasoline (RBU15 -1.45%) is down -0.0293 (-1.56%). Tuesday's closes: CLU5 +0.42 (+0.83%), RBU5 -0.0096 (-0.51%). Sep crude and gasoline on Tuesday settled mixed with Sep crude rebounding from a 3-1/2 month low. Crude oil found support on a weaker dollar and on expectations for Wednesday's weekly EIA crude inventories to fall -1.75 million bbl. Crude oil prices were undercut by the Iran oil minister's comment that Iran plans to boost crude production once sanctions are removed regardless of the impact on prices.

GLOBAL EVENT CALENDAR07/22/2015

US	0700 ET	Weekly MBA mortgage applications, previous -1.9% with purchase sub-index -7.5% and refi sub-index +3.7%.
	0900 ET	May FHFA house price index expected +0.4% m/m, Apr +0.3% m/m
	1000 ET	Jun existing home sales expected +0.9% to 5.40 million, May +5.1% to 5.35 million.
	1030 ET	EIA Weekly Petroleum Status Report.
	1500 ET	USDA Jun Cold Storage.
JPN	0030 ET	Japan May all-industry activity index expected -0.6% m/m, Apr +0.1% m/m.
	0200 ET	Revised Japan Jun machine tool orders, previous +6.6% y/y.
	1950 ET	Japan Jun trade balance expected +45.8 billion yen, May -217.2 billion yen. Jun exports expected +10.0% y/y, May +2.4% y/y. Jun imports expected -4.3% y/y, May -8.7% y/y.
UK	0430 ET	Minutes of the Jul 8-9 BOE policy meeting.

U.S. STOCK CALENDAR07/22/2015

Company	Ticker	Time	Event Description	Period	Estimate
Abbott Laboratories	ABT US	Bef-mkt	Q2 2015 Earnings Release	Q2 2015	0.503
Coca-Cola Co/The	KO US	Bef-mkt	Q2 2015 Earnings Release	Q2 2015	0.602
Interpublic Group of Cos Inc/The	IPG US	Bef-mkt	Q2 2015 Earnings Release	Q2 2015	0.273
Northern Trust Corp	NTRS US	Bef-mkt	Q2 2015 Earnings Release	Q2 2015	0.964
AutoNation Inc	AN US	Bef-mkt	Q2 2015 Earnings Release	Q2 2015	1.018
TE Connectivity Ltd	TEL US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.881
Thermo Fisher Scientific Inc	TMO US	6:00	Q2 2015 Earnings Release	Q2 2015	1.78
Whirlpool Corp	WHR US	6:00	Q2 2015 Earnings Release	Q2 2015	2.623
EMC Corp/MA	EMC US	7:00	Q2 2015 Earnings Release	Q2 2015	0.409
St Jude Medical Inc	STJ US	7:15	Q2 2015 Earnings Release	Q2 2015	1
Boeing Co/The	BA US	7:30	Q2 2015 Earnings Release	Q2 2015	1.368
Illinois Tool Works Inc	ITW US	8:00	Q2 2015 Earnings Release	Q2 2015	1.283
St Jude Medical Inc	STJ US	8:00	Q2 2015 Earnings Call	Q2 2015
Amphenol Corp	APH US	8:00	Q2 2015 Earnings Release	Q2 2015	0.576
Navient Corp	NAVI US	8:00	Q2 2015 Earnings Call	Q2 2015
EMC Corp/MA	EMC US	8:30	Q2 2015 Earnings Call	Q2 2015
Interpublic Group of Cos Inc/The	IPG US	8:30	Q2 2015 Earnings Call	Q2 2015
Thermo Fisher Scientific Inc	TMO US	8:30	Q2 2015 Earnings Call	Q2 2015
ACE Ltd	ACE US	8:30	Q2 2015 Earnings Call	Q2 2015
TE Connectivity Ltd	TEL US	8:30	Q3 2015 Earnings Call	Q3 2015
Abbott Laboratories	ABT US	9:00	Q2 2015 Earnings Call	Q2 2015
FMC Technologies Inc	FTI US	9:00	Q2 2015 Earnings Call	Q2 2015
Coca-Cola Co/The	KO US	9:30	Q2 2015 Earnings Call	Q2 2015
Illinois Tool Works Inc	ITW US	10:00	Q2 2015 Earnings Call	Q2 2015
Whirlpool Corp	WHR US	10:00	Q2 2015 Earnings Call	Q2 2015
Boeing Co/The	BA US	10:30	Q2 2015 Earnings Call	Q2 2015
AutoNation Inc	AN US	11:00	Q2 2015 Earnings Call	Q2 2015
Constellation Brands Inc	STZ US	11:00	Annual General Meeting
Linear Technology Corp	LLTC US	11:30	Q4 2015 Earnings Call	Q4 2015
Northern Trust Corp	NTRS US	12:00	Q2 2015 Earnings Call	Q2 2015
Campbell Soup Co	CPB US	12:30	Investor Day	Y 2015
Amphenol Corp	APH US	13:00	Q2 2015 Earnings Call	Q2 2015
QUALCOMM Inc	QCOM US	16:00	Q3 2015 Earnings Release	Q3 2015	0.947
F5 Networks Inc	FFIV US	16:00	Q3 2015 Earnings Release	Q3 2015	1.596
Tractor Supply Co	TSCO US	16:01	Q2 2015 Earnings Release	Q2 2015	1.112
Texas Instruments Inc	TXN US	16:30	Q2 2015 Earnings Release	Q2 2015	0.654
F5 Networks Inc	FFIV US	16:30	Q3 2015 Earnings Call	Q3 2015
QUALCOMM Inc	QCOM US	16:45	Q3 2015 Earnings Call	Q3 2015
American Express Co	AXP US	17:00	Q2 2015 Earnings Call	Q2 2015
Xilinx Inc	XLNX US	17:00	Q1 2016 Earnings Call	Q1 2016
Tractor Supply Co	TSCO US	17:00	Q2 2015 Earnings Call	Q2 2015
SanDisk Corp	SNDK US	17:00	Q2 2015 Earnings Call	Q2 2015
American Express Co	AXP US	Aft-mkt	Q2 2015 Earnings Release	Q2 2015	1.322
Equifax Inc	EFX US	Aft-mkt	Q2 2015 Earnings Release	Q2 2015	1.102
Newmont Mining Corp	NEM US	Aft-mkt	Q2 2015 Earnings Release	Q2 2015	0.262
Xilinx Inc	XLNX US	Aft-mkt	Q1 2016 Earnings Release	Q1 2016	0.535
SanDisk Corp	SNDK US	Aft-mkt	Q2 2015 Earnings Release	Q2 2015	0.336
SL Green Realty Corp	SLG US	Aft-mkt	Q2 2015 Earnings Release	Q2 2015	1.556
United Rentals Inc	URI US	Aft-mkt	Q2 2015 Earnings Release	Q2 2015	1.749
Crown Castle International Corp	CCI US	Aft-mkt	Q2 2015 Earnings Release	Q2 2015	1.053
Ameriprise Financial Inc	AMP US	Aft-mkt	Q2 2015 Earnings Release	Q2 2015	2.279
Discover Financial Services	DFS US	Aft-mkt	Q2 2015 Earnings Release	Q2 2015	1.317
Texas Instruments Inc	TXN US	17:30	Q2 2015 Earnings Call	Q2 2015
Discover Financial Services	DFS US	18:00	Q2 2015 Earnings Call	Q2 2015

BARCHART MORNING CALL 2/5

BARCHART MORNING CALL

Thursday, February 5th, 2015View Older Reports

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OVERNIGHT MARKETS AND NEWS

March E-mini S&Ps (ESH15 +0.69%) this morning are up +0.44% on favorable stock earnings results, while European stocks are down -0.86%, led by a plunge in Greek bank stocks, after the ECB late yesterday restricted direct access to funding lines for Greek lenders. The ECB said it will no longer accept junk-rated collateral from Greece, citing doubt over the new government's commitment to previous reform pledges. Greek government bonds sank and Greece's ASE Stock Index tumbled over 5% as the ECB's decision will raise financing costs for Greek banks and adds pressure to the newly elected government to moderate its policies or risk sterner measures that may jeopardize its membership within the Eurozone. As expected, the BOE today kept its benchmark interest rate unchanged at 0.50% and maintained its asset purchase target at 375 billion pounds. Asian stocks closed mostly lower: Japan -0.98%, Hong Kong +0.35%, China -1.02%, Taiwan -0.02%, Australia +0.58%, Singapore -0.32%, South Korea -0.72%, India -0.11%. Commodity prices are mixed. Mar crude oil (CLH15 +1.53%) is up +0.39% and Mar gasoline (RBH15 +1.13%) is up +0.71%. Apr gold (GCJ15 -0.20%) is down -0.31%. Mar copper (HGH15 -2.03%) is down -1.95%. Agriculture prices are higher. The dollar index (DXY00 -0.07%) is down -0.07%. EUR/USD (^EURUSD) is up +0.68%. USD/JPY (^USDJPY) is up +0.08%. Mar T-note prices (ZNH15 +0.07%) are up +4 ticks.
The European Commission raised its Eurozone 2015 GDP estimate to 1.3% from a +1.1% projection in Nov, and lowered its 2015 CPI forecast to -0.1% from a Nov estimate of +0.8%, marking the first annual decline in consumer prices since the introduction of the euro in 1999.
German Dec factory orders jumped +4.2% m/m and +3.4% y/y, much better than expectations of +1.5% m/m and +0.7% y/y and the biggest increase in 5 months.
Boston Fed President Rosengren, speaking at an event in Germany, said "There is insufficient evidence that U.S. inflation is clearly trending toward the 2% goal" and that "a policy of patience in the U.S. continues to be appropriate."
UK Jan Halifax house prices rose +2.0% m/m, better than expectations of unch m/m and the biggest increase in 8 months.

U.S. STOCK PREVIEW

Today’s initial claims report is expected to show a +25,000 increase to 290,000 and the continuing claims report is expected to show an increase of +15,000 to 2.400 million. Today’s Dec U.S. trade deficit is expected to narrow mildly to -$38.0 billion from -$39.0 billion in November. Today’s Q4 non-farm productivity report is expected to show an increase of +0.2%, down from +2.3% in Q3. Q4 unit labor costs are expected to rise to +1.2% from -1.0% in Q3.
There are 70 of the S&P 500 companies that report earnings today: PPL Corp. (consensus $0.53), Ball Corp. (0.85), Becton Dickinson (1.43), Teradata (0.89), Philip Morris International (1.06), Michael Kors Holdings Ltd. (1.33), Cigna (1.67), Snap-on (1.81), TECO Energy (0.21), Cummins (2.50). Equity conferences this week include: Media Insights & Engagement Conference on Tue-Thu, Cowen and Company Aerospace/Defense Conference & Transport Forum on Wed-Thu.

OVERNIGHT U.S. STOCK MOVERS

Cigna (CI +1.29%) reported Q4 EPS of $1.69, more than consensus of $1.67.
O'Reilly Automotive (ORLY -0.29%) reported Q4 EPS of $1.76, better than consensus of $1.68.
Ralph Lauren (RL -18.22%) was downgraded to 'Neutral' from 'Buy' at Citigroup.
Lincoln National (LNC -0.02%) reported Q4 operating EPS of $1.67, above consensus of $1.48.
Under Armour (UA +1.02%) reported Q4 EPS of 40 cents, more than consensus of 39 cents.
Con-way (CNW -1.58%) reported Q4 adjusted EPS of 41 cents, less than consensus of 45 cents.
Hub Group (HUBG -1.05%) reported Q4 EPS ex-items of 41 cents, better than consensus of 38 cents.
Yum! Brands (YUM +0.05%) reported Q4 EPS ex-items of 61 cents, weaker than consensus of 66 cents.
Genpact (G unch) reported Q4 EPS of 26 cents, more than consensus of 24 cents.
Cincinnati Financial (CINF +0.71%) reported Q4 EPS of $1.02, higher than consensus of 85 cents.
Prudential (PRU -0.25%) fell 3% in after-hours trading after it reported Q4 adjusted EPS of $2.12, below consensus of $2.38.
Allstate (ALL +0.76%) reported Q4 EPS of $1.72, more than consensus of $1.68, and then announced a $3 billion stock buyback program.
21st Century Fox (FOXA +0.17%) reported Q2 EPS ex-items of 53 cents, higher than consensus of 42 cents.
Fortune Brands (FBHS +0.19%) reported Q4 EPS of 44 cents, below consensus of 51 cents, and then lowered guidance on fiscal 2015 EPS to $2.00-$2.10, well below consensus of $2.32.
Spectrum Brands (SPB +0.89%) reported Q1 EPS of $1.07, less than consensus of $1.08.
Keurig Green Mountain (GMCR -3.88%) fell 7% in after-hours trading after it reported Q1 EPS of 88 cents, below consensus of 89 cents, and then loweed guidance on Q2 EPS to $1.00-$1.05, weaker than consensus of $1.18.

MARKET COMMENTS

Mar E-mini S&Ps (ESH15 +0.69%) this morning are up +9.00 points (+0.44%). The S&P 500 index on Wednesday retreated from a 1-week high and closed lower: S&P 500 -0.42%, Dow Jones +0.04%, Nasdaq -0.19%. Bearish factors included (1) a slide in energy producers after the price of crude declined, and (2) the action by the ECB to lift a waiver on Greek government debt as collateral, which may lead to a cash crunch in Greece and its exit from the Eurozone. Bullish factors included (1) the action by the PBOC to cut the reserve requirement ratio of Chinese banks by 50 bp, which may boost liquidity and stimulate Chinese economic growth, and (2) the +0.2 point increase in the Jan ISM non-manufacturing index to 56.7, higher than expectations of 56.4.
Mar 10-year T-notes (ZNH15 +0.07%) this morning are up +4 ticks. Mar 10-year T-note futures prices on Wednesday closed lower. Closes: TYH5 -2.00, FVH5 -1.50. Bearish factors included (1) the stronger-than-expected Jan ISM non-manufacturing index, and (2) a rally in the S&P 500 to a 1-week high, which reduced safe-haven demand for T-notes. T-notes recovered from their worst levels on increased safe-haven demand after stocks plunge when the ECB dropped a waiver that allowed Greece to use government debt as collateral.
The dollar index (DXY00 -0.07%) this morning is down -0.062 (-0.07%). EUR/USD (^EURUSD) is up +0.0077 (+0.68%). USD/JPY (^USDJPY) is up +0.09 (+0.08%). The dollar index on Wednesday closed higher: Dollar index +0.386 (+0.41%), EUR/USD -0.0135 (-1.18%), USD/JPY -0.258 (-0.25%). Bullish factors included (1) the stronger-than-expected Jan ISM non-manufacturing index, which may keep the Fed on a path to raising interest rates, and (2) weakness in in EUR/USD on Greek sovereign debt concerns after the ECB dropped a waiver that allowed Greece to use government debt as collateral.
Mar WTI crude oil (CLH15 +1.53%) this morning is up +19 cents (+0.39%) and Mar gasoline (RBH15 +1.13%) is up +0.0105 (+0.71%). Mar crude oil and Mar gasoline on Wednesday closed sharply lower: CLH5 -4.60 (-8.67%), RBH5 -0.1196 (-7.47%). Bearish factors included (1) the +6.33 million bbl increase in weekly EIA crude inventories to a record 413.06 million bbl, more than double expectations of a +3.0 million bbl build, (2) the unexpected +2.34 million bbl increase in EIA gasoline stockpiles, more than expectations of a -1.0 million bbl draw, and (3) the +2.5 million bbl increase in crude supplies at Cushing, OK, delivery point of WTI futures, to a 1-year high of 41.38 million bbl.

GLOBAL EVENT CALENDAR02/05/2015

US	0730 ET	Jan Challenger job cuts, Dec +6.6% y/y.
	0830 ET	Weekly initial unemployment claims expected +25,000 to 290,000, previous -43,000 to 265,000. Weekly continuing claims expected +15,000 to 2.400 million, previous -71,000 to 2.385 million.
	0830 ET	Dec trade balance expected -$38.0 billion, Nov -$39.0 billion.
	0830 ET	Q4 non-farm productivity expected +0.2%, Q3 +2.3%. Q4 unit labor costs expected +1.2%, Q3 -1.0%.
	0830 ET	USDA weekly Export Sales.
GER	0200 ET	German Dec factory orders expected +1.5% m/m and +0.7% y/y, Nov -2.4% m/m and -0.4% y/y.
UK	0400 ET	UK Jan new car registrations, Dec +8.7% y/y.
	0700 ET	BOE announces interest rate decision and asset-purchase target, expected no change to the 0.50% benchmark rate or to the 375 billion pound asset-purchase target.
EUR	0500 ET	The European Commission publishes economic forecasts for the Eurozone.

U.S. STOCK CALENDAR02/05/2015

Company	Ticker	Time	Event Description	Period	Estimate
PPL Corp	PPL US	Bef-mkt	Q4 2014 Earnings Release	Q4 2014	0.534
Ball Corp	BLL US	Bef-mkt	Q4 2014 Earnings Release	Q4 2014	0.851
Becton Dickinson and Co	BDX US	Bef-mkt	Q1 2015 Earnings Release	Q1 2015	1.428
Teradata Corp	TDC US	Bef-mkt	Q4 2014 Earnings Release	Q4 2014	0.894
Philip Morris International Inc	PM US	Bef-mkt	Q4 2014 Earnings Release	Q4 2014	1.062
Michael Kors Holdings Ltd	KORS US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	1.332
Cigna Corp	CI US	Bef-mkt	Q4 2014 Earnings Release	Q4 2014	1.666
Snap-on Inc	SNA US	Bef-mkt	Q4 2014 Earnings Release	Q4 2014	1.805
TECO Energy Inc	TE US	Bef-mkt	Q4 2014 Earnings Release	Q4 2014	0.211
Cummins Inc	CMI US	Bef-mkt	Q4 2014 Earnings Release	Q4 2014	2.504
Entergy Corp	ETR US	Bef-mkt	Q4 2014 Earnings Release	Q4 2014	0.815
Vulcan Materials Co	VMC US	Bef-mkt	Q4 2014 Earnings Release	Q4 2014	0.269
Estee Lauder Cos Inc/The	EL US	Bef-mkt	Q2 2015 Earnings Release	Q2 2015	1.046
Fidelity National Information Services Inc	FIS US	Bef-mkt	Q4 2014 Earnings Release	Q4 2014	0.871
Delphi Automotive PLC	DLPH US	Bef-mkt	Q4 2014 Earnings Release	Q4 2014	1.269
Alliance Data Systems Corp	ADS US	Bef-mkt	Q4 2014 Earnings Release	Q4 2014	3.325
Xylem Inc/NY	XYL US	7:00	Q4 2014 Earnings Release	Q4 2014	0.599
L Brands Inc	LB US	7:30	January 2015 Sales and Revenue Call	2015
Becton Dickinson and Co	BDX US	8:00	Q1 2015 Earnings Call	Q1 2015
Michael Kors Holdings Ltd	KORS US	8:00	Q3 2015 Earnings Call	Q3 2015
Perrigo Co PLC	PRGO US	8:00	Q2 2015 Earnings Release	Q2 2015	1.764
PPL Corp	PPL US	8:30	Q4 2014 Earnings Call	Q4 2014
Teradata Corp	TDC US	8:30	Q4 2014 Earnings Call	Q4 2014
Cigna Corp	CI US	8:30	Q4 2014 Earnings Call	Q4 2014
Spectra Energy Corp	SE US	8:30	Analyst & Investor Meeting	Y 2015
Intercontinental Exchange Inc	ICE US	8:30	Q4 2014 Earnings Call	Q4 2014
Fidelity National Information Services Inc	FIS US	8:30	Q4 2014 Earnings Call	Q4 2014
Alliance Data Systems Corp	ADS US	8:30	Q4 2014 Earnings Call	Q4 2014
Xylem Inc/NY	XYL US	9:00	Q4 2014 Earnings Call	Q4 2014
TECO Energy Inc	TE US	9:00	Q4 2014 Earnings Call	Q4 2014
Noble Corp plc	NE US	9:00	Q4 2014 Earnings Call	Q4 2014
FMC Corp	FMC US	9:00	Q4 2014 Earnings Call	Q4 2014
Perrigo Co PLC	PRGO US	9:00	Q2 2015 Earnings Call	Q2 2015
Delphi Automotive PLC	DLPH US	9:00	Q4 2014 Earnings Call	Q4 2014
Allstate Corp/The	ALL US	9:00	Q4 2014 Earnings Call	Q4 2014
Yum! Brands Inc	YUM US	9:15	Q4 2014 Earnings Call	Q4 2014
Estee Lauder Cos Inc/The	EL US	9:30	Q2 2015 Earnings Call	Q2 2015
Snap-on Inc	SNA US	10:00	Q4 2014 Earnings Call	Q4 2014
Cummins Inc	CMI US	10:00	Q4 2014 Earnings Call	Q4 2014
Entergy Corp	ETR US	10:00	Q4 2014 Earnings Call	Q4 2014
Lincoln National Corp	LNC US	10:00	Q4 2014 Earnings Call	Q4 2014
EQT Corp	EQT US	10:30	Q4 2014 Earnings Call	Q4 2014
Ball Corp	BLL US	11:00	Q4 2014 Earnings Call	Q4 2014
Rockwell Collins Inc	COL US	11:00	Annual General Meeting
Vulcan Materials Co	VMC US	11:00	Q4 2014 Earnings Call	Q4 2014
O'Reilly Automotive Inc	ORLY US	11:00	Q4 2014 Earnings Call	Q4 2014
Prudential Financial Inc	PRU US	11:00	Q4 2014 Earnings Call	Q4 2014
Cincinnati Financial Corp	CINF US	11:00	Q4 2014 Earnings Call	Q4 2014
Philip Morris International Inc	PM US	13:00	Q4 2014 Earnings Call	Q4 2014
Essex Property Trust Inc	ESS US	13:00	Q4 2014 Earnings Call	Q4 2014
Macerich Co/The	MAC US	13:30	Q4 2014 Earnings Call	Q4 2014
McKesson Corp	MCK US	16:00	Q3 2015 Earnings Release	Q3 2015	2.61
VeriSign Inc	VRSN US	16:05	Q4 2014 Earnings Release	Q4 2014	0.717
CME Group Inc/IL	CME US	16:30	Q4 2014 Earnings Call	Q4 2014
Expedia Inc	EXPE US	16:30	Q4 2014 Earnings Call	Q4 2014
VeriSign Inc	VRSN US	16:30	Q4 2014 Earnings Call	Q4 2014
McKesson Corp	MCK US	17:00	Q3 2015 Earnings Call	Q3 2015
Stericycle Inc	SRCL US	17:00	Q4 2014 Earnings Call	Q4 2014
Symantec Corp	SYMC US	17:00	Q3 2015 Earnings Call	Q3 2015
Apartment Investment & Management Co	AIV US	Aft-mkt	Q4 2014 Earnings Release	Q4 2014	0.555
CME Group Inc/IL	CME US	Aft-mkt	Q4 2014 Earnings Release	Q4 2014	0.929
Expedia Inc	EXPE US	Aft-mkt	Q4 2014 Earnings Release	Q4 2014	1.017
Kimco Realty Corp	KIM US	Aft-mkt	Q4 2014 Earnings Release	Q4 2014	0.352
Symantec Corp	SYMC US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	0.489
Allergan Inc/United States	AGN US		Q4 2014 Earnings Release	Q4 2014	1.829
Stericycle Inc	SRCL US		Q4 2014 Earnings Release	Q4 2014	1.118
EQT Corp	EQT US		Q4 2014 Earnings Release	Q4 2014	0.649
Intercontinental Exchange Inc	ICE US		Q4 2014 Earnings Release	Q4 2014	2.541
News Corp	NWSA US		Q2 2015 Earnings Release	Q2 2015	0.241
L Brands Inc	LB US		January 2015 Sales and Revenue Release	2015

BARCHART MORNING CALL 10/24

BARCHART MORNING CALL

Friday, October 24th, 2014View Older Reports

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OVERNIGHT MARKETS AND NEWS

December E-mini S&Ps (ESZ14 -0.35%) this morning are down -0.33% and European stocks are down -0.44% as Amazon.com dropped 10% in pre-market trading after lowering Q4 revenue guidance and as BASF SE is down nearly 3% after it cut profit targets and abandoned its sales goal for next year. Travel and leisure companies are also on the defensive after a New York City doctor tested positive for the Ebola virus after returning from aid work in West Africa. The Russian ruble fell to a record low of 41.99 per dollar on speculation that Standard & Poor's will cut Russia's credit rating later today. Asian stocks closed mixed: Japan +1.01%, Hong Kong -0.13%, China -0.22%, Taiwan -0.97%, Australia +0.54%, Singapore -0.43%, South Korea -0.19%. Japan's Nikkei Stock Index rose to a 2-week high amid optimism for U.S. earnings and European growth, while China's Shanghai Stock Index fell to a 1-month low after China new home prices last month fell in 69 of 70 cities tracked by the government, the most on record and a sign that the slump in China's property market continues. Commodity prices are mixed. Dec crude oil (CLZ14 -0.83%) is down -0.89%. Dec gasoline (RBZ14 -0.86%) is down -0.94%. Dec gold (GCZ14 +0.28%) is up +0.21%. Dec copper (HGZ14 +0.26%) is down -0.10% on signs of increased supplies after LME copper inventories rose +2,050 MT to 159,550 MT, a 3-1/4 month high. Agriculture and livestock prices are mostly higher. The dollar index (DXY00 -0.04%) is down -0.03%. EUR/USD (^EURUSD) is up +0.05%. USD/JPY (^USDJPY) is down -0.10%. Dec T-note prices (ZNZ14 +0.21%) are up +6.5 ticks.
China Sep new home prices fell in 69 of 70 cities tracked by the government, the most since Jan 2011 and a sign that the downturn in China's property market continues.
The German Nov GfK consumer confidence unexpectedly rose +0.1 to 8.5, better than expectations of -0.3 to 8.0.
UK Q3 GDP rose +0.7% q/q and +3.0% y/y, right on expectations and down from the Q2 increase of +0.9% q/q and +3.2% y/y.
The UK Aug index of services was unch m/m and up +0.8% 3-mo/3-mo, less than expectations of +0.3% m/m and +0.9% 3-mo/3-mo.

U.S. STOCK PREVIEW

Today’s Sep new home sales report is expected to fall by -6.8% to 470,000 units, which would not be surprising given the +18.0% surge to the 6-1/3 year high of 504,000 seen in August.  There are 17 of the S&P 500 companies that report earnings today with notable reports including:  UPS (consensus $1.28), State Street (1.21), Procter & Gamble (1.07), Moody's (0.90), Ford (0.19), Nasdaq (0.70), and Wynn Resorts (1.82).  There are no equity conferences today.

OVERNIGHT U.S. STOCK MOVERS

Amazon.com (AMZN +0.07%) fell 10% in pre-market trading after it reported a Q3 EPS loss of -95 cents, a bigger loss than consensus of -74 cents, and then lowered guidance on Q4 revenue to $27.3 billion-$30.3 billion, below consensus of $30.89 billion.
Microsoft (MSFT +1.44%) climbed over 3% in pre-market trading after it reported Q1 EPS of 54 cents, higher than consensus of 49 cents.
Ford Motor (F +1.91%) reported Q3 EPS of 24 cents, better than consensus of 19 cents.
Cabot Oil & Gas (COG +3.12%) reported Q3 EPS of 20 cents, less than consensus of 21 cents.
Colgate-Palmolive (CL -0.41%) reported Q3 EPS of 76 cents, higher than consensus of 75 cents.
Flowserve (FLS +3.25%) reported Q3 EPS of 93 cents, below consensus of $1.00.
Chubb (CB +0.12%) reported Q3 operating EPS of $2.17, stronger than consensus of $1.95, and then raised guidance on fiscal 2014 operating EPS view to $7.35-$7.45 from $6.75-$6.95, above consensus of $7.17.
Edwards Lifesciences (EW -0.07%) reported Q3 EPS of 80 cents, better than consensus of 73 cents.
Hub Group (HUBG +1.59%) reported Q3 EPS of 49 cents, weaker than consensus of 54 cents.
Juniper (JNPR +3.25%) rose 1% in after-hours trading after it reported Q3 EPS of 36 cents, above consensus of 35 cents, and then announced a +$1.1 billion increase in the company's share repurchase program.
NCR Corp. (NCR -0.36%) reported Q3 EPS of 67 cents, below consensus of 70 cents, and then lowered guidance on fiscal 2014 EPS to $2.60-$2.70 from $3.00-$3.10, well below consensus of $2.88.
Chicago Bridge & Iron (CBI +4.19%) reported Q3 adjusted EPS of $1.51, stronger than consensus of $1.41.
Swift Transport (SWFT -0.18%) rose over 5% in after-hours trading after it reported Q3 adjusted EPS of 39 cents, better than consensus of 35 cents, and hen raised guidance on fiscal 2014 adjusted EPS to $1.29-$1.33, above consensus of $1.27.
W. R. Berkley (WRB +0.81%) reported Q3 EPS of $1.42, well above consensus of 90 cents.

MARKET COMMENTS

Dec E-mini S&Ps (ESZ14 -0.35%) this morning are down -6.50 points (-0.33%). The S&P 500 index on Thursday climbed to a 2-week high and closed higher: S&P 500 +1.23%, Dow Jones +1.32%, Nasdaq +1.59%. Bullish factors included (1) stellar Q3 stock earnings results with 80% of reporting S&P 500 companies beating estimates, and (2) reduced global economic concerns after the China Oct HSBC manufacturing PMI unexpectedly climbed +0.2 to 50.4, stronger than expectations of unchanged at 50.2, and after the Eurozone Oct Markit manufacturing PMI unexpectedly rose +0.4 to 50.7, stronger than expectations of -0.4 to 49.9.
Dec 10-year T-notes (ZNZ14 +0.21%) this morning are up +6.5 ticks. Dec 10-year T-note futures prices on Thursday fell to a 1-1/2 week low and closed lower. Closes: TYZ4 -13.00, FVZ4 -7.50. Bearish factors included (1) signs of strength in the U.S. labor market after weekly continuing unemployment claims fell to a 13-3/4 year low, and (2) the rally in the S&P 500 to a 2-week high, which curbed safe-haven demand for T-notes.
The dollar index (DXY00 -0.04%) this morning is down -0.024 (-0.03%). EUR/USD (^EURUSD) is up +0.0006 (+0.05%). USD/JPY (^USDJPY) is down -0.11 (-0.10%). The dollar index on Thursday rose to a 1-week high and closed higher. Closes: Dollar index +0.102 (+0.12%), EUR/USD -0.00017 (-0.01%), USD/JPY +1.124 (+1.05%). Supportive factors for the dollar included (1) signs of strength in the U.S. economy that dampened speculation the Fed will delay raising interest rates after U.S weekly continuing unemployment claims fell to a 13-3/4 year low, and (2) a rally in USD/JPY to a 2-week high as strength in stocks reduced the safe-haven demand for the yen.
Dec WTI crude oil (CLZ14 -0.83%) this morning is down -73 cents (-0.89%) and Dec gasoline (RBZ14 -0.86%) is down -0.0203 (-0.94%). Dec crude and Dec gasoline on Thursday closed higher. Closes: CLZ4 +1.57 (+1.95%), RBZ4 +0.0505 (+2.39%). Bullish factors included (1) signs of strength in the U.S. economy after Sep leading indicators rose more than expected, and (2) reduced global economic concerns after both the China Oct HSBC manufacturing PMI and the Eurozone Oct Markit manufacturing PMI unexpectedly rose.

GLOBAL EVENT CALENDAR10/24/2014

US	1000 ET	Sep new home sales expected -6.8% to 470,000, Aug +18.0% to 504,000.
	1500 ET	USDA Sep Cattle on Feed.
GER	0200 ET	German Nov GfK consumer confidence expected -0.3 to 8.0, Oct 8.3.
UK	0430 ET	UK Q3 GDP expected +0.7% q/q and +3.0% y/y, Q2 +0.9% q/q and +3.2% y/y.

U.S. STOCK CALENDAR10/24/2014

Company Name	Ticker	Time	Event Description	Period	Estimate
LyondellBasell Industries NV	LYB US	Bef-mkt	Q3 2014 Earnings Release	Q3 2014	2.302
Cabot Oil & Gas Corp	COG US	Bef-mkt	Q3 2014 Earnings Release	Q3 2014	0.214
Ventas Inc	VTR US	Bef-mkt	Q3 2014 Earnings Release	Q3 2014	1.106
State Street Corp	STT US	Bef-mkt	Q3 2014 Earnings Release	Q3 2014	1.207
Delphi Automotive PLC	DLPH US	Bef-mkt	Q3 2014 Earnings Release	Q3 2014	1.133
Wyndham Worldwide Corp	WYN US	6:30	Q3 2014 Earnings Release	Q3 2014	1.632
Procter & Gamble Co/The	PG US	7:00	Q1 2015 Earnings Release	Q1 2015	1.073
Colgate-Palmolive Co	CL US	7:00	Q3 2014 Earnings Release	Q3 2014	0.753
Moody's Corp	MCO US	7:00	Q3 2014 Earnings Release	Q3 2014	0.896
Ford Motor Co	F US	7:00	Q3 2014 Earnings Release	Q3 2014	0.191
NASDAQ OMX Group Inc/The	NDAQ US	7:00	Q3 2014 Earnings Release	Q3 2014	0.697
DTE Energy Co	DTE US	7:15	Q3 2014 Earnings Release	Q3 2014	1.054
Bristol-Myers Squibb Co	BMY US	7:30	Q3 2014 Earnings Release	Q3 2014	0.419
FLIR Systems Inc	FLIR US	7:30	Q3 2014 Earnings Release	Q3 2014	0.352
United Parcel Service Inc	UPS US	7:45	Q3 2014 Earnings Release	Q3 2014	1.282
NASDAQ OMX Group Inc/The	NDAQ US	8:00	Q3 2014 Earnings Call	Q3 2014
Avery Dennison Corp	AVY US	8:30	Q3 2014 Earnings Release	Q3 2014	0.737
Procter & Gamble Co/The	PG US	8:30	Q1 2015 Earnings Call	Q1 2015
Wyndham Worldwide Corp	WYN US	8:30	Q3 2014 Earnings Call	Q3 2014
United Parcel Service Inc	UPS US	8:30	Q3 2014 Earnings Call	Q3 2014
DTE Energy Co	DTE US	9:00	Q3 2014 Earnings Call	Q3 2014
Ford Motor Co	F US	9:00	Q3 2014 Earnings Call	C3 2014
Avery Dennison Corp	AVY US	9:30	Q3 2014 Earnings Call	Q3 2014
Cabot Oil & Gas Corp	COG US	9:30	Q3 2014 Earnings Call	Q3 2014
State Street Corp	STT US	9:30	Q3 2014 Earnings Call	Q3 2014
Southwestern Energy Co	SWN US	10:00	Q3 2014 Earnings Call	Q3 2014
Ventas Inc	VTR US	10:00	Q3 2014 Earnings Call	Q3 2014
Principal Financial Group Inc	PFG US	10:00	Q3 2014 Earnings Call	Q3 2014
Delphi Automotive PLC	DLPH US	10:00	Q3 2014 Earnings Call	Q3 2014
Bristol-Myers Squibb Co	BMY US	10:30	Q3 2014 Earnings Call	Q3 2014
LyondellBasell Industries NV	LYB US	11:00	Q3 2014 Earnings Call	Q3 2014
Colgate-Palmolive Co	CL US	11:00	Q3 2014 Earnings Call	Q3 2014
Flowserve Corp	FLS US	11:00	Q3 2014 Earnings Call	Q3 2014
FLIR Systems Inc	FLIR US	11:00	Q3 2014 Earnings Call	Q3 2014
Ford Motor Co	F US	11:00	Q3 2014 Earnings Call - Fixed Income Call	Q3 2014
Moody's Corp	MCO US	11:30	Q3 2014 Earnings Call	Q3 2014
Rockwell Collins Inc	COL US		Q4 2014 Earnings Release
Wynn Resorts Ltd	WYNN US		Q3 2014 Earnings Release