Showing posts with label LSCC. Show all posts
Showing posts with label LSCC. Show all posts

Tuesday, May 10, 2016

MORNING CALL 5/10

OVERNIGHT MARKETS AND NEWS
Jun E-mini S&Ps (ESM16 +0.17%) are up +0.51% and European stocks are up +1.49% as strength in crude oil and metals prices lifts energy and commodity producers. A nearly 5% gain in Credit Suisse is leading European bank stocks higher after it reported a smaller-than-expected quarterly loss. Asian stocks settled mostly higher: Japan +2.15%, Hong Kong +0.43%, China +0.02%, Taiwan +0.30%, Australia +0.42%, Singapore -0.90%, South Korea +0.60%, India +0.33%. China's Shanghai Composite shook off early losses and closed higher after Chinese economic data showed Apr consumer prices matched expectations and declines in Apr producer prices moderated. A rally in Japanese exporters lifted the Nikkei Stock Index as USD/JPY climbed to a 1-week high.
The dollar index (DXY00 +0.12%) is up +0.09% at a 1-week high. EUR/USD (^EURUSD) is down -0.17% at a 1-week low. USD/JPY (^USDJPY) is up +0.71% at a 1-week high.
Jun T-note prices (ZNM16 unch) are down -2 ticks.
San Francisco Fed President Williams said that "very low inflation in most economies is the biggest issue for central banks today." He added that "the U.S. economy is in good shape, in part because the Federal Reserve took such aggressive and, in some cases, extraordinary actions to right the ship."
China Apr CPI rose +2.3% y/y, right on expectations and the fastest pace of increase in 1-3/4 years.
China Apr PPI fell -3.4% y/y, less than expectations of -3.7% y/y and the slowest pace of decline in 16 months.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) Mar wholesale inventories (expected +0.1% m/m, Feb -0.5% m/m), (2) Mar JOLTS job openings (expected +5,000 to 5.450 million, Feb -159,000 to 5.445 million), and (3) the Treasury's auction of $24 billion of 3-year T-notes.
There are 4 of the S&P 500 companies that report earnings today: Walt Disney (consensus $1.40), CenterPoint Energy (0.31), Allergan (3.00), Electronic Arts (0.42).
U.S. IPO's scheduled to price today: Turning Point Brands (TPB).
Equity conferences during the remainder of this week include: Goldman Sachs Global Staples Forum on Tue, Bank of America Merrill Lynch Global Metals, Mining & Steel Conference on Tue, Credit Suisse REIT Conference on Tue, Wells Fargo Securities Gaming, Leisure & Restaurants Conference on Tue, Sterne Agee CRT Business Services Conference on Tue, The Boston Industrial and Environmental Services Conference on Tue, Citi Global Energy and Utilities Conference on Tue-Wed, Oppenheimer Industrial Growth Conference on Tue-Wed, Wells Fargo Industrial and Construction Conference on Tue-Wed, Bank of America Merrill Lynch Health Care Conference on Tue-Thu, Jefferies Technology, Media and Telecom Conference on Wed-Thu, Mitsubishi UFJ Oil & Gas Conference on Thu, Morgan Stanley Refining Corporate Access Day on Thu, RBC Capital Markets Aerospace & Defense Investor Day on Thu.
OVERNIGHT U.S. STOCK MOVERS
Rush Enterprises (RUSHA -1.96%) was upgraded to 'Buy' from 'Neutral' at Bank of America Merrill Lynch.
Hertz Global Holdings (HTZ -2.67%) fell over 1% in after-hours trading after it reported a Q1 adjusted EPS loss of -12 cents, weaker than consensus of -1cent.
The Gap (GPS +0.65%) sank 14% in pre-market trading after it reported April comparable store sales unexpectedly fell -7.0%, weaker than consensus of a +1.1% increase.
Consolidated Edison (ED +0.26%) fell 2% in after-hours trading after it announced plans for an 8.8 million share offering.
SolarCity (SCTY +3.07%) sank 18% in pre-market trading after it said Q1 bookings were 150 MW lower than expected and unlikely to be made up for by year end. The company then said it sees 2016 guidance of 1.0-1.1 GW installed, lower than a previous estimate of 1.25 GW.
Inflblox (BLOX -0.51%) dropped 9% in after-hours trading after lowered guidance on fiscal 2016 revenue to $354 million-$358 million from a prior view of $370 million-$380 million, weaker than consensus of $376.8 million.
Stamps.com (STMP +4.71%) surged over 15% in after-hours trading after it reported Q1 adjusted EPS of $1.72, well above consensus of $1.07, and then raised guidance on full-year adjusted EPS to $6.00-$6.50 from a previous estimate of $5.00-$5.50, higher than consensus of $5.27.
MaxLinear (MXL +0.37%) climbed over 3% in after-hours trading after it reported Q1 adjusted EPS of 47 cents, right on consensus, and said it will acquire Broadcom's wireless infrastructure backhaul business for $80 million.
Fiesta Restaurant Group (FRGI +1.31%) slumped over 10% in after-hours trading after it reported Q1 adjusted EPS of 37 cents, weaker than consensus of 40 cents.
Lattice Semiconductor (LSCC -2.26%) slid over 3% in after-hours trading after it reported a Q1 adjusted EPS loss of -1 cent, right on consensus, but said it sees Q2 revenue of $97 million-$103 million, below consensus of $107.3 million.
InvenSense (INVN -4.32%) fell nearly 7% in after-hours trading after it said it sees Q1 total revenue of $58 million-$62 million, well below consensus of $84.8 million.
Halozyme Therapeutics (HALO +2.32%) rose over 4% in after-hours trading after it raised guidance eon its 2016 revenue estimate to $130 million-$145 million from a previous estimate of $110 million-$125 million, above consensus of $121.8 million.
NewLink Genetics (NLNK +6.11%) plunged over 30% in after-hours trading after a Phase 3 study of its algenpantucel-L for patients with resected pancreatic cancer did not achieve the primary endpoint and found no statistical difference in overall survival.
MARKET COMMENTS
June E-mini S&Ps (ESM16 +0.17%) this morning are up +10.50 points (+0.51%). Monday's closes: S&P 500 +0.08%, Dow Jones -0.20%, Nasdaq +0.26%. The S&P 500 on Monday closed higher on positive carryover from a rally in European stocks after German Mar factory orders rose +1.9% m/m, stronger than expectations of +0.6% m/m and the biggest increase in 9 months. Stocks also received a boost from upbeat comments from Chicago Fed President Evans who said that U.S. economic fundamentals are "good." Stocks were underdcut by the -2.79% decline in China's Shanghai Composite after China Apr exports unexpectedly fell -1.8% y/y (vs expectations of unchanged) and by weakness in energy producers and mining stocks after crude oil fell -2.73% and copper prices tumbled -2.21% to a 3-1/2 week low.
June 10-year T-note prices (ZNM16 unch) this morning are down -2 ticks. Monday's closes: TYM6 +8.50, FVM6 +5.50. Jun T-notes on Monday closed higher on global economic concerns after China Apr exports unexpectedly declined and on reduced inflation expectations after the 10-year T-note breakeven inflation rate fell to a 2-1/2 week low.
The dollar index (DXY00 +0.12%) this morning is up +0.085 (+0.09%) at a 1-week high. EUR/USD (^EURUSD) is down -0.0019 (-0.17%) at a 1-week low. USD/JPY (^USDJPY) is up +0.77 (+0.71%) at a 1-week high. Monday's closes: Dollar Index +0.240 (+0.26%), EUR/USD -0.0021 (-0.18%), USD/JPY +1.20 (+1.12%). The dollar index on Monday rallied to a 1-week high and closed higher on comments from New York Fed President Dudley who said that while Friday's U.S. employment report was "a touch softer," it remains a "reasonable expectation" that the Fed will raise interest rates twice this year. In addition, USD/JPY rallied to a 1-week high after Japanese Finance Minister Aso said that the recent strength in the yen is "undesirable" and "it's natural that Japan has means to intervene" in the currency market.
June WTI crude oil (CLM16 -0.53%) this morning is up +17 cents (+0.39%). June gasoline (RBM16 +0.55%) is up +0.0185 (+1.28%). Monday's closes: CLM6 -1.22 (-2.73%), RBM6 -0.0535 (-3.58%). Jun crude oil and gasoline on Monday closed lower with Jun gasoline at a 2-1/2 week low. Crude oil prices were undercut by the rally in the dollar index to a 1-week high, reduced fire threats to Alberta oil-sands facilities as the wildfire switched directions, and reduced refinery demand for gasoline after the crack spread fell to a 2-1/2 month low.
GLOBAL EVENT CALENDAR05/10/2016
US1000 ETMar wholesale inventories expected +0.1% m/m, Feb -0.5% m/m. Mar wholesale trade sales expected +0.5% m/m, Feb -0.2% m/m.
1000 ETMar JOLTS job openings expected +5,000 to 5.450 million, Feb -159,000 to 5.445 million.
1200 ETUSDA May WASDE crop production.
1300 ETTreasury auctions $24 billion 3-year T-notes.
GER0200 ETGerman Mar industrial production expected -0.2% m/m and +1.1% y/y, Feb -0.5% m/m and +1.3% y/y.
0200 ETGerman Mar trade balance expected +20.6 billion euros, Feb +20.2 billion euros. Mar exports expected unch m/m, Feb +1.3% m/m. Mar imports expected -0.3% m/m, Feb +0.5% m/m.
U.S. STOCK CALENDAR05/10/2016
CompanyTickerTimeEvent DescriptionPeriodEstimate
Pentair PLCPNR US3:00Annual General MeetingY 2016
CenterPoint Energy IncCNP USBef-mktQ1 2016 Earnings ReleaseQ1 20160.312
Allergan plcAGN USBef-mktQ1 2016 Earnings ReleaseQ1 20163.005
Walt Disney Co/TheDIS USAft-mktQ2 2016 Earnings ReleaseQ2 20161.399
Electronic Arts IncEA USAft-mktQ4 2016 Earnings ReleaseQ4 20160.422
Danaher CorpDHR USAnnual General Meeting
Loews CorpL USAnnual General Meeting
ConocoPhillipsCOP USAnnual General Meeting
Prudential Financial IncPRU USAnnual General Meeting
Wyndham Worldwide CorpWYN USAnnual General Meeting
Scripps Networks Interactive IncSNI USAnnual General Meeting
Columbia Pipeline Group IncCPGX USAnnual General Meeting
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Monday, March 7, 2016

MORNING CALL 3/7

MORNING CALL
OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps (ESH16 -0.35%) are down -0.43% and European stocks are down -1.15% after Chinese leaders lowered growth expectations for this year to 6.5% to 7.0%, down from last year's target of around 7.0%. The price of copper declined on Chinese growth concerns, which dragged down miners and commodity producers, with Anglo American, Glencore and Randgold Resources all down more than 3%. Stock losses were limited as the price of crude oil climbed +1.56% to a 2-month high, which has given energy producing stocks a lift. Another negative for European stocks was the unexpected decline in Eurozone Mar Sentix investor confidence to a 14-month low. Asian stocks settled mixed: Japan -0.61%, Hong Kong -0.08%, China +0.81%, Taiwan +0.19%, Australia +1.04%, Singapore -0.48%, South Korea +0.20%, India closed for holiday.
The dollar index (DXY00 +0.22%) is up +0.29%. EUR/USD (^EURUSD) is down -0.45%. USD/JPY (^USDJPY) is down -0.19%.
Jun T-note prices (ZNM16 -0.08%) are down -3.5 ticks.
China's National People's Congress met over the weekend and outlined a growth range of between 6.5% and 7.0% for 2016, with 6.5% pegged as the baseline through 2020, less than last year's growth rate of 6.9% and the slowest expansion since 1990.
The Eurozone Mar Sentix investor confidence unexpectedly fell -0.5 to 5.5, weaker than expectations of +2.3 to 8.3 and the lowest in 14 months.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) Fed Governor Lael Brainard's keynote speech at the annual conference of the Institute of International Bankers, (2) Fed Vice Chair Stanley Fischer's luncheon lecture at the annual NABE conference in Washington, and (3) Jan consumer credit (expected +$16.500 billion, Dec +$21.267 billion).
There are 2 of the Russell 1000 companies that reports earnings today: Urban Outfitters (consensus $0.56), and (2) Thor Industries (0.62).
U.S. IPO's scheduled to price today: none.
Equity conferences this week include: Cowen and Company Health Care Conference on Mon-Tue, Deutsche Bank Media, Internet and Telecom Conference on Mon-Tue, Raymond James Institutional Investors Conference on Mon-Wed, Mitsubishi UFJ Securities: Oil & Gas Conference - New York on Tue, J.P. Morgan Aviation, Transportation & Industrials Conference on Tue-Wed, Piper Jaffray Technology Symposium on Tue-Wed, RBC Capital Markets Financial Institutions Conference on Tue-Wed, UBS Global Consumer Conference on Wed-Thu, JPMorgan Chase & Co., Inc Aviation, Transportation and Industrials Conference on Tue-Thu, J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum on Thu.


OVERNIGHT U.S. STOCK MOVERS
Dunkin' Brands Group (DNKN +1.43%) was downgraded to 'Neutral' from 'Buy' at Guggenheim Securities.
Statasys Ltd. (SSYS +12.68%) was downgraded to 'Underweight' from 'Neutral' at JPMorgan Chase.
Del Taco (TACO -2.60%) reported Q4 EPS of 12 cents, weaker than consensus of 16 cents, and then lowered guidance on fiscal 2016 EPS to 53 cents-56 cents, below consensus of 59 cents.
Cardinal Health (CAH -0.12%) was added to Goldman Sach's Conviction Buy list.
Pier 1 (PIR -0.18%) reported preliminary Q4 comparable sales were down -0.7%, a smaller decline than expectations of down -2.0% to -4.0%.
UDR Inc. (UDR -4.85%) was upgraded to 'Outperform' from 'Market Perform' at BMO Capital Markets.
Wynn Resorts (WYNN -3.29%) was upgraded to 'Boy' from 'Neutral at UBS.
Ingersoll-Rand (IR -0.24%) was upgraded to 'Buy' from 'Neutral' at Nomura with a price target of $68.
C. H. Robinson Worldwide (CHRW +1.64%) was downgraded to 'Market Perform' from 'Outpeform' at BMO Capital Markets.
Du Pont (DD +2.05%) climbed over 6% in after-hours trading after BASF said it was working with banks to weigh a counter bid for DuPont
Lattice Semiconductor (LSCC -0.86%) slumped 10% in after-hours trading after it said CFO Joe Bedewi will leave the company effective April 2.
Apache Corp. (APA +6.54%) said it will close its Alaska operations and won't pursue extensions of its acreage leases that are set to expire later this year.
Carmike Cinemas (CKEC +16.49%) was downgraded to 'Market Perform' from 'Outperform' at Barrington Research.
MARKET COMMENTS
Mar E-mini S&Ps (ESH16 -0.35%) this morning are down -8.50 points (-0.43%). Friday's closes: S&P 500 +0.33%, Dow Jones +0.37%, Nasdaq +0.07%. The S&P 500 on Friday climbed to a 2-month high and settled higher after U.S. Feb non-farm payrolls rose more than expected (+242,000 vs. expectations of +195,000). Also, a rally in energy and commodity producers gave the overall market a lift after crude oil climbed to a 2-month high, gold rallied to a 13-month high and copper rose to a 4-month high. A negative for stock factor was the unexpected -0.1% m/m decline in U.S. Feb avg hourly earnings, weaker than expectations of +0.2% m/m and the first decline in 14 months.
Jun 10-year T-notes (ZNM16 -0.08%) this morning are down -3.5 ticks. Friday's closes: TYM6 -13.50, FVM6 -9.75. Jun T-notes on Friday tumbled to a 1-month low after U.S. Feb non-farm payrolls rose more than expected, which bolsters the case for the Fed to keep raising interest rates. T-notes were also pressured after the S&P 500 rallied to a 2-month high, which reduced the safe-haven demand for T-notes.
The dollar index (DXY00 +0.22%) this morning is up +0.286 (+0.29%). EUR/USD (^EURUSD) is down -0.0050 (-0.45%). USD/JPY (^USDJPY) is down-0.22 (-0.19%). Friday's closes: Dollar Index -0.252 (-0.26%), EUR/USD +0.0048 (+0.44%), USD/JPY +0.05 (+0.04%). The dollar index on Friday fell to a 1-1/2 week low as the unexpected decline in U.S. Feb average hourly earnings (-0.1% m/m vs. expectations of +0.2% m/m) may keep the Fed from raising interest rates. EUR/USD rallied after the German Feb Markit construction PMI rose +1.7 to a record high 59.6 (data from 2013).
Apr WTI crude (CLJ16 +1.67%) this morning is up +56 cents (+1,56%) at a 2-month high and Apr gasoline (RBJ16 +0.62%) is up +0.0060 (+0.45%). Friday's closes: CLJ6 +1.35 (+3.91%), RBJ6 +0.0333 (+2.56%). Apr crude oil and gasoline on Friday closed higher with Apr crude at a 2-month high after the dollar index sold off to a 1-1/2 week low and after data from Baker Hughes showed U.S. active oil rigs fell by 8 to a 6-1/4 year low of 392 in the week ended Mar 4, which should curb future U.S. crude production.
GLOBAL EVENT CALENDAR03/07/2016
US1100 ETUSDA weekly grain export inspections.
1200 ETFed Governor Lael Brainard is keynote speaker at the annual conference of the Institute of International Bankers.
1300 ETFed Vice Chair Stanley Fischer delivers luncheon lecture at the annual NABE conference in Washington.
1500 ETJan consumer credit expected +$16.500 billion, Dec +$21.267 billion.
JPN0000 ETJapan Jan leading index CI expected -0.5 to 101.6, Dec 102.1. Jan coincident index expected +2.9 to 113.8, Dec 110.9.
1850 ETRevised Japan Q4 GDP expected -1.6% (q/q annualized), previous -1.4% (q/q annualized).
2330 ETJapan Feb bankruptcies, Jan -6.38% y/y.
GER0200 ETGerman Jan factory orders expected -0.3% m/m and unch y/y, Dec -0.7% m/m and -2.7% y/y.
EUR0430 ETEurozone Mar Sentix investor confidence expected +2.3 to 8.3, Feb 6.0.
UK1901 ETUK Feb BRC sales like-for-like expected +0.5% y/y, Jan +2.6% y/y.
CHIn/aChina Feb trade balance expected +$50.75 billion, Jan +$63.29 billion. Feb exports expected -15.0% y/y, Jan 11.2% y/y. Feb imports expected -10.2% y/y, Jan -18.8% y/y.
U.S. STOCK CALENDAR03/07/2016
CompanyTickerTimeEvent DescriptionPeriodEstimate
Superior Industries International IncSUP USBef-mktQ4 2015 Earnings ReleaseQ4 20150.345
Greif IncGEF USBef-mktQ1 2016 Earnings ReleaseQ1 20160.323
Federated National Holding CoFNHC US8:00Q4 2015 Earnings ReleaseQ4 20150.744
Lumos Networks CorpLMOS US8:00Q4 2015 Earnings ReleaseQ4 20150.073
Casey's General Stores IncCASY US16:00Q3 2016 Earnings ReleaseQ3 20160.925
TG Therapeutics IncTGTX USAft-mktQ4 2015 Earnings ReleaseQ4 2015-0.317
United Natural Foods IncUNFI USAft-mktQ2 2016 Earnings ReleaseQ2 20160.478
Hill International IncHIL USAft-mktQ4 2015 Earnings ReleaseQ4 20150.107
ICF International IncICFI USAft-mktQ4 2015 Earnings ReleaseQ4 20150.747
Neff CorpNEFF USAft-mktQ4 2015 Earnings ReleaseQ4 20150.363
Heritage-Crystal Clean IncHCCI USAft-mktQ4 2015 Earnings ReleaseQ4 20150.177
CatchMark Timber Trust IncCTT USAft-mktQ4 2015 Earnings ReleaseQ4 20150.07
Quanex Building Products CorpNX USAft-mktQ1 2016 Earnings ReleaseQ1 2016-0.093
Addus HomeCare CorpADUS USAft-mktQ4 2015 Earnings ReleaseQ4 20150.286
Atlas Financial Holdings IncAFH USAft-mktQ4 2015 Earnings ReleaseQ4 20150.355
Douglas Dynamics IncPLOW USAft-mktQ4 2015 Earnings ReleaseQ4 20150.563
Otonomy IncOTIC USAft-mktQ4 2015 Earnings ReleaseQ4 2015-0.958
Xencor IncXNCR USAft-mktQ4 2015 Earnings ReleaseQ4 2015-0.295
Preferred Apartment Communities IncAPTS USAft-mktQ4 2015 Earnings ReleaseQ4 20150.325
Jones Energy IncJONE USAft-mktQ4 2015 Earnings ReleaseQ4 2015-0.058
Shake Shack IncSHAK USAft-mktQ4 2015 Earnings ReleaseQ4 20150.073
Lion Biotechnologies IncLBIO USQ4 2015 Earnings ReleaseQ4 2015-0.2
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Thursday, February 18, 2016

Morning Call 2/18

Morning Call 
OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps (ESH16 +0.42%) are up +0.36% at a 2-week high and European stocks are up +1.06% at a 1-1/2 week high as crude oil moved higher and after St. Louis Fed President Bullard said the Fed should delay interest rate hikes. U.S. stock index futures fell back from their best levels as Wal-Mart slid 3% in pre-market trading after it lowered its sales forecast for the year. Mar crude is up +2.45% at a 2-week high after API data late Wednesday showed U.S. crude inventories fell -3.26 million bbl and St. Louis Fed President Bullard said that recent turmoil that has contributed to a decline in inflation expectations gives the Fed scope to delay further interest rate increases. Asian stocks settled mostly higher: Japan +2.28%, Hong Kong +2.32%, China-0.16%, Taiwan +1.22%, Australia +2.25%, Singapore +1.67%, South Korea +1.21%, India +1.14%. China's Shanghai Composite retreated from a 3-week high and closed lower after government data showed inflation picked up in January on rising food prices.
The dollar index (DXY00 +0.12%) is up +0.10%. EUR/USD (^EURUSD) is down -0.28%. USD/JPY (^USDJPY) is down -0.23%.
Mar T-note prices (ZNH16 -0.02%) are down -1 tick.
St. Louis Fed President Bullard suggested Wednesday evening that he favors delaying further interest rate hikes when he said "I regard it as unwise to continue a normalization strategy in an environment of declining market-based inflation expectations."
The Organization for Economic Cooperation and Development (OECD) cut its 2016 global GDP forecast to 3.0%, down from a 3.3% projection in Nov, citing a slowdown in Germany and the U.S. along with exchange-rate volatility that may hurt emerging markets.
The China Jan CPI rose +1.8% y/y, weaker than expectations of +1.9% y/y, but still the fastest pace of increase in 5 months. Jan PPI fell -5.3% y/y, a smaller decline than expectations of -5.4% y/y.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) weekly initial unemployment claims (expected +6,000 to 275,000, previous -16,000 to 269,000) and continuing claims (expected +11,000 to 2.250 million, previous -21,000 to 2.239 million), (2) Feb Philadelphia Fed business outlook index (expected +0.5 to -3.0, Jan +6.7 to-3.5), (3) Jan leading indicators (expected -0.2%, Dec -0.2%), (4) the Treasury's auction of $7 billion of 30-year TIPS, (5) San Francisco Fed President John Williams' speech on the economic outlook at an event in Los Angeles, and (6) EIA Weekly Petroleum Status Report.
There are 20 of the S&P 500 companies that report earnings today with notable reports including: Wal-Mart (consensus $1.46), PG&E (0.44), Waste Management (0.8), Duke Energy (0.91), Nordstrom (1.21), Applied Materials (0.26), Fluor (0.93).
U.S. IPO's scheduled to price today: none.
Equity conferences during the remainder of this week include: none.



OVERNIGHT U.S. STOCK MOVERS
NVIDIA (NVDA +2.48%) jumped nearly 8% in pre-market trading after it reported Q4 adjusted EPS of 52 cents, higher than consensus of 43 cents.
Wal-Mart (WMT +0.32%) slid 3% in pre-market tradng after it reported Q4 revenue of $129.7 billion, below consensus of $130.6 billion, and cut its yearly sales forecast to "relatively flat" from a previous view of up 3%-4%.
Brocade Communications Systems (BRCD +3.02%) rallied over 5% in after-hours trading after it reported Q1 adjusted EPS of 29 cents, above consensus of 24 cents.
Williams Cos. (WMB +4.53%) lost over 2% in after-hours trading after it reported Q4 adjusted EPS continuing operations of 1 cent, weaker than consensus of 27 cents.
Intercept Pharmaceuticals (ICPT +5.42%) rose over 5% in after-hours trading after departing CFO Barbara Duncan said she will delay her departure date of June 30 if no successor is in office by that time.
CF Industries (CF +1.80%) fell over 4% in after-hours trading after it reported Q4 adjusted EPS of 76 cents, below consensus of 82 cents.
Synopsys (SNPS +1.51%) climbed 6% in after-hours trading after it reported Q1 adjusted EPS of 68 cents, above consensus of 62 cents and then raised guidance on Q2 adjusted EPS to 78 cents-81 cents, above consensus of 70 cents.
Marriott International (MAR +2.49%) dropped over 2% in after-hours trading after it lowered guidance on Q1 EPS to 81 cents-85 cents, weaker than consensus of 89 cents.
Capital One Financial (COF +1.51%) gained over 1% in after-hours trading after it said its board authorized an additional $300 million to its stock buyback plan.
ARRIS International PLC (ARRS +2.11%) dropped 5% in after-hours trading after it said it sees Q1 adjusted EPS of 37 cents-42 cents, below consensus of 53 cents.
Tyler Technologies (TYL +3.47%) slip nearly 8% in after-hours trading after it reported Q4 adjusted EPS of 59 cents, below consensus of 66 cents, and then lowered guidance on fiscal 2016 adjusted EPS to $3.33-$3.45, below consensus of $3.55.
Jack in the Box (JACK +2.68%) tumbled 20% in pre-market trading after it reported Q1 adjusted EPS of 93 cents, below consensus of $1.03.
Lattice Semiconductor (LSCC unch) slid over 2% in after-hours trading after it reported Q4 revenue of $101.3 million, below consensus of $110.3 million.
Aerie Pharmaceuticals (AERI +6.46%) jumped 15% in after-hours trading after it reported successful 12-month safety results in its Phase 3 trial for its Rhopressa once-daily eye drop for its ability to lower intraocular pressure in patients with glaucoma or ocular hypertension.
Ingram Micro (IM +0.78%) surged over 20% in after-hours trading after Tianjin Tianhai bought the company for $6 billion or $38.90 a share.
MARKET COMMENTS
Mar E-mini S&Ps (ESH16 +0.42%) this morning are up +7.00 points (+0.36%) at a 2-week high. Wednesday's closes: S&P 500 +1.65%, Dow Jones +1.59%, Nasdaq +2.31%. The S&P 500 on Wednesday climbed to a 2-week high and closed higher on a rally in bank stocks and retailers that had been beaten down to start the year, the +0.5% increase in U.S. Jan manufacturing production (stronger than expectations of +0.2% and the largest increase in 6 months), and the +5% jump in crude oil, which sparked a rally in energy producer stocks.
Mar 10-year T-notes (ZNH16 -0.02%) this morning are down -1 tick. Wednesday's closes: TYH6 -15.00, FVH6 -7.50. Mar T-notes on Wednesday dropped to a 1-week low and closed lower on reduced safe-haven demand with the rally in the S&P 500 to a 2-week high, the larger-than-expected increase in U.S. Jan PPI, and the stronger-than-expected U.S. Jan manufacturing and industrial production reports.
The dollar index (DXY00 +0.12%) this morning is up +0.099 (+0.10%). EUR/USD (^EURUSD) is down -0.0031 (-0.28%). USD/JPY (^USDJPY) is down-0.26 (-0.23%). Wednesday's closes: Dollar Index +0.082 (-0.08%), EUR/USD -0.0016 (-0.14%), USD/JPY +0.03 (+0.03%). The dollar index on Wednesday closed lower on the rally in crude oil that benefited the oil-exporting currencies of Russia and Canada as the Russian ruble rallied to a 2-week high and the Canadian dollar climbed to a 1-week high against the U.S. dollar. The dollar was also undercut by the minutes of the Jan 26-27 FOMC meeting that stated policy makers saw increased downside risks, which may keep the Fed from additional rate hikes.
Mar WTI crude (CLH16 +3.03%) this morning is up +75 cents (+2.45%) and Mar gasoline (RBH16 +1.24%) is up +0.0092 (+0.92%). Wednesday's closes: CLH6 +1.62 (+5.58%), RBH6 +0.0325 (+3.35%). Mar crude and gasoline on Wednesday closed higher on comments from Iran's Oil Minister Bijan Zanganeh who said that Iran supports cooperation between OPEC and non-OPEC countries and supports an accord by Saudi Arabia and Russia to cap their crude output at Jan levels. Mar crude oil was also boosted by signs of strength in the U.S. economy that is positive for energy demand after U.S. Jan manufacturing production rose +0.5%, the most in 6 months.
GLOBAL EVENT CALENDAR02/18/2016
US0830 ETWeekly initial unemployment claims expected +6,000 to 275,000, previous -16,000 to 269,000. Weekly continuing claims expected +11,000 to 2.250 million, previous -21,000 to 2.239 million.
0830 ETFeb Philadelphia Fed business outlook survey expected +0.5 to -3.0, Jan +6.7 to -3.5.
1000 ETJan leading indicators expected -0.2%, Dec -0.2%.
1100 ETEIA Weekly Petroleum Status Report.
1100 ETTreasury announces amount of 2-year T-notes (previous $26 billion, 2-year floating-rate notes (previous $15 billion), 5-year T-notes (previous $35 billion) and 7-year T-notes (previous $29 billion) to be auctioned Feb 23-25.
1300 ETTreasury auctions $7 billion 30-year TIPS.
1530 ETSan Francisco Fed President John Williams delivers a speech on the economic outlook at an event in Los Angeles, CA.
EUR0400 ETEurozone Dec current account balance, Nov +29.8 billion euros (nsa).
JPN2330 ETJapan Dec all-industry activity index expected -0.3% m/m, Nov -1.0% m/m.
U.S. STOCK CALENDAR02/18/2016
CompanyTickerTimeEvent DescriptionPeriodEstimate
Entergy CorpETR USBef-mktQ4 2015 Earnings ReleaseQ4 20151.448
Laboratory Corp of America HoldingsLH USBef-mktQ4 2015 Earnings ReleaseQ4 20151.989
NiSource IncNI USBef-mktQ4 2015 Earnings ReleaseQ4 20150.3
PG&E CorpPCG USBef-mktQ4 2015 Earnings ReleaseQ4 20150.44
SCANA CorpSCG USBef-mktQ4 2015 Earnings ReleaseQ4 20150.746
Wal-Mart Stores IncWMT USBef-mktQ4 2016 Earnings ReleaseQ4 20161.46
Welltower IncHCN USBef-mktQ4 2015 Earnings ReleaseQ4 20151.121
Waste Management IncWM USBef-mktQ4 2015 Earnings ReleaseQ4 20150.677
Columbia Pipeline Group IncCPGX USBef-mktQ4 2015 Earnings ReleaseQ4 20150.18
Perrigo Co PLCPRGO US6:00Q4 2015 Earnings ReleaseQ4 20151.927
Starwood Hotels & Resorts Worldwide IncHOT US6:30Q4 2015 Earnings ReleaseQ4 20150.789
Duke Energy CorpDUK US7:00Q4 2015 Earnings ReleaseQ4 20150.909
Wal-Mart Stores IncWMT US7:00Q4 2016 Earnings CallQ4 2016
Discovery Communications IncDISCA US7:00Q4 2015 Earnings ReleaseQ4 20150.443
Perrigo Co PLCPRGO US8:00Q4 2015 Earnings CallQ4 2015
Discovery Communications IncDISCA US8:30Q4 2015 Earnings CallQ4 2015
Laboratory Corp of America HoldingsLH US9:00Q4 2015 Earnings CallQ4 2015
NiSource IncNI US9:00Q4 2015 Earnings CallQ4 2015
Marathon Oil CorpMRO US9:00Q4 2015 Earnings CallQ4 2015
CF Industries Holdings IncCF US9:00Q4 2015 Earnings CallQ4 2015
Columbia Pipeline Group IncCPGX US9:00Q4 2015 Earnings CallQ4 2015
Newmont Mining CorpNEM US9:30Q4 2015 Earnings CallQ4 2015
Williams Cos Inc/TheWMB US9:30Q4 2015 Earnings CallQ4 2015
Duke Energy CorpDUK US10:00Q4 2015 Earnings CallQ4 2015
Welltower IncHCN US10:00Q4 2015 Earnings CallQ4 2015
Waste Management IncWM US10:00Q4 2015 Earnings CallQ4 2015
Marriott International Inc/MDMAR US10:00Q4 2015 Earnings CallQ4 2015
Entergy CorpETR US11:00Q4 2015 Earnings CallQ4 2015
PG&E CorpPCG US12:00Q4 2015 Earnings CallQ4 2015
Starwood Hotels & Resorts Worldwide IncHOT US13:00Q4 2015 Earnings CallQ4 2015
SCANA CorpSCG US15:00Q4 2015 Earnings CallQ4 2015
Applied Materials IncAMAT US16:30Q1 2016 Earnings CallQ1 2016
Nordstrom IncJWN US16:45Q4 2016 Earnings CallQ4 2016
Consolidated Edison IncED USAft-mktQ4 2015 Earnings ReleaseQ4 20150.538
Nordstrom IncJWN USAft-mktQ4 2016 Earnings ReleaseQ4 20161.213
Applied Materials IncAMAT USAft-mktQ1 2016 Earnings ReleaseQ1 20160.256
Flowserve CorpFLS USAft-mktQ4 2015 Earnings ReleaseQ4 20150.916
Fluor CorpFLR USAft-mktQ4 2015 Earnings ReleaseQ4 20150.931
Equinix IncEQIX USAft-mktQ4 2015 Earnings ReleaseQ4 20153.071
Fluor CorpFLR US17:30Q4 2015 Earnings CallQ4 2015
Equinix IncEQIX US17:30Q4 2015 Earnings CallQ4 2015
Quanta Services IncPWR USQ4 2015 Earnings ReleaseQ4 20150.284
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