MORNING CALL 7/26

MORNING CALL

Tuesday, July 26th, 2016View Older Reports

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OVERNIGHT MARKETS AND NEWS

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

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

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

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

U.S. STOCK PREVIEW

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

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

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

Equity conferences this week include: none.

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

OVERNIGHT U.S. STOCK MOVERS

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

MARKET COMMENTS

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

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

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

GLOBAL EVENT CALENDAR07/26/2016

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

U.S. STOCK CALENDAR07/26/2016

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

MORNING CALL 5/9

MORNING CALL

Monday, May 9th, 2016View Older Reports

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OVERNIGHT MARKETS AND NEWS

Jun E-mini S&Ps (ESM16 +0.29%) are up +0.24% and European stocks are up +1.48% as a +2.15% rally in crude oil (CLM16 +1.34%) boosts energy producing stocks. The ongoing wildfire in Alberta, Canada has cut Canadian oil production by about 1 million bpd and has underpinned oil prices. Another positive for European stocks was the bigger-than-expected increase in Eurozone May Sentix investor confidence. On the negative side, however, copper prices (HGN16 -1.51%) dropped -1.53% to a 3-1/2 week low which has undercut mining stocks with Rio Tinto Group and Glencore Plc both down at last 3%. In addition, China Apr exports unexpectedly fell and China Apr imports fell for the 18th month in a row. Asian stocks settled mixed: Japan +0.68%, Hong Kong +0.23%, China -2.79%, Taiwan -0.18%, Australia +0.54%, Singapore +1.29%, South Korea -0.44%, India +1.82%. Chinese stocks were pressured by the weak Chinese trade data as the Shanghai Composite fell to a 1-3/4 month low, while Japanese stocks finished higher as exporters rallied after USD/JPY climbed to a 1-week high, which improves the earnings prospects of exporter companies.

The dollar index (DXY00 +0.19%) is up +0.13% at a 1-week high. EUR/USD (^EURUSD) is down -0.13% at a 1-week low. USD/JPY (^USDJPY) is up +0.88% at a 1-week high.

Jun T-note prices (ZNM16 +0.12%) are up +1.5 ticks.

Speaking at the International Financial Services Forum in London, Chicago Fed President Evans said that U.S. economic fundamentals are "good" and "wait and see" stance for monetary policy is appropriate. He said the U.S. economy should grow at a 2.5% pace for the rest of 2016, which "should support a gradual resumption of U.S. policy rate increases later this year."

New York Fed President Dudley said that while Friday's U.S. employment report was "a touch softer," it won't affect his economic outlook and that it remains a "reasonable expectation" that the Fed will raise interest rates twice this year.

The Eurozone May Sentix investor confidence rose +0.5 to 6.2, stronger than expectations of +0.3 to 6.0.

The China Apr trade balance widened to a surplus of +$45.56 billion, bigger than expectations of +$40.00 billion. Apr exports unexpectedly fell -1.8%y/y weaker than expectations of no change, and Apr imports fell -10.9% y/y, weaker than expectations of -4.0% y/y.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Chicago Fed President Charles Evans speaks on a panel with ECB Vice President Vitor Constancio at the International Financial Services Forum in London, (2) Minneapolis Fed President Neel Kashkari speaks at an Economic Club of Minnesota luncheon.

There are 6 of the S&P 500 companies that report earnings today: Tyson Foods (consensus $0.96), HCP (0.69), AES (0.20), Xcel Energy (0.47), International Flavors & Fragrances (1.40), Dun & Bradstreet (0.97).

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

Equity conferences this week include: Morgan Stanley E&P and Oil Services Conference on Mon, Deutsche Bank Clean Tech, Utilities and Power Conference on Mon, 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

Tyson Foods (TSN +1.31%) rose nearly 3% in pre-market trading after it reported Q2 adjusted EPS of $1.07, higher than consensus of 96 cents, and then raised guidance on full-year adjusted EPS to $4.20-$4.30 from a prior estimate of $3.85-$3.95, above consensus of $4.06.

Altria Group (MO +0.14%) was upgraded to 'Buy' from 'Hold' at Argus Research with a price target of $68.

LabStyle Innovations (DRIO +3.45%) was rated a new 'Buy' at Rodman & Renshaw with a 12-month price target of $12.

Silver Wheaton (SLW +2.74%) reported Q1 EPS of 10 cents, below consensus of 12 cents.

LendingClub (LC +3.65%) slumped 16% in pre-market trading after CEO Renaud Laplanch resigned following an internal review of $22 million in near-prime loans to a single investor.

Flotek Industries (FTK +1.13%) was upgraded to 'Buy' from 'Speculative Buy' ay Seaport Global Securities with a 12-month price target of $13.

Comerica (CMA unch) was upgraded to 'Outperform' from 'Market Perform' at Raymond James.

Kronos Worldwide (KRO +4.38%) reported a Q1 EPS loss of -3 cents, a smaller loss than consensus of -13 cents,

Apollo Education Group (APOL +1.47%) climbed nearly 2% in after-hours trading after Apollo Education shareholders approved a $10 a share offer from a group led by Apollo Global Management.

Beazer Homes (BZH +0.42%) gained over 1% in after-hours trading after the chairman of the company, Stephen Zelnak, disclosed a purchase of 55,000 shares May 4-5.

NorthStar Realty Finance (NRF +2.28%) jumped almost 6% in after-hours trading after Colony Capital said it is in exclusive negotiations with NorthStar Asset Management Group and NRF for a tri-party all stock "at the market" business combination.

NorthStar Asset Management Group (NSAM +1.01%) surged over 15% in after-hours trading after Colony Capital said it is in exclusive negotiations with NSAM and NorthStar Realty for a tri-party all stock "at the market" business combination.

MARKET COMMENTS

June E-mini S&Ps (ESM16 +0.29%) this morning are up +5.00 points (+0.24%). Friday's closes: S&P 500 +0.32%, Dow Jones +0.45%, Nasdaq +0.48%. The S&P 500 on Friday rebounded from a 1-month low and closed higher on reduced interest rate concerns as the weaker than expected U.S. Apr non-farm payrolls may keep the Fed from raising interest rates this year. Stocks also received a boost from the +$29.647 billion increase in U.S. Mar consumer credit, much stronger than expectations of +$16.0 billion and the largest increase on record (data from 1943). Stocks were undercut by the weak +160,000 April payroll report and by Friday's -2.82% drop in the Shanghai Composite to a 2-week low.

June 10-year T-note prices (ZNM16 +0.12%) this morning are up +1.5 ticks. Friday's closes: TYM6 -6.50, FVM6 -3.50. Jun T-notes on Friday retreated from a 3-1/2 week high and closed lower on reduced safe-haven demand after stocks recovered from an early 1-month low. T-notes initially rallied to a 3-1/2 week high after U.S. Apr non-farm payrolls rose less than expected.

The dollar index (DXY00 +0.19%) this morning is up +0.126 (+0.13% at a 1-week high. EUR/USD (^EURUSD) is down -0.0015 (-0.13%) at a 1-week low. USD/JPY (^USDJPY) is up +0.94 (+0.88%) at a 1-week high. Friday's closes: Dollar Index +0.601 (+0.64%), EUR/USD -0.0001 (-0.01%), USD/JPY-0.14 (-0.13%). The dollar index on Friday closed higher on the stronger-than-expected U.S. Apr average hourly earnings report and the stronger-than-expected U.S. Mar consumer credit report of +$29.674 billion.

June WTI crude oil (CLM16 +1.34%) this morning is up +96 cents (+2.15%). June gasoline (RBM16 +0.29%) is up +0.0126 (+0.84%). Friday's closes: CLM6 +0.34 (+0.77%), RBM6 +0.0048 (+0.32%). Jun crude oil and gasoline on Friday recovered from early losses and closed higher on the outlook for reduced U.S. oil production after Baker Hughes reported a -4 rig drop in the number of active U.S. oil rigs to a 6-1/2 year low of 328 rigs. Gains were limited by the weak U.S. payroll report.

GLOBAL EVENT CALENDAR05/09/2016

US	0510 ET	Chicago Fed President Charles Evans speaks on a panel with ECB Vice President Vitor Constancio at the International Financial Services Forum in London.
	1100 ET	USDA weekly grain export inspections.
	1300 ET	Minneapolis Fed President Neel Kashkari speaks at an Economic Club of Minnesota luncheon.
	1600 ET	USDA Weekly Crop Progress.
JPN	0100 ET	Japan Apr consumer confidence index expected -1.0 to 40.7, Mar 41.7.
GER	0200 ET	German Mar factory orders expected +0.6% m/m and +0.1% y/y, Feb -1.2% m/m and +0.5% y/y.
EUR	0430 ET	Eurozone May Sentix investor confidence expected +0.3 to 6.0, Apr 5.7.
UK	0330 ET	UK Apr Halifax house prices expected -0.3% m/m and +9.6% 3-mon y/y, Mar +2.6% m/m and +10.1% 3-mon y/y.
	1901 ET	UK Apr BRC sales like-for-like expected +0.5% y/y, Mar -0.7% y/y.
CHI	2130 ET	China Apr CPI expected +2.3% y/y, Mar +2.3% y/y. Apr PPI expected -3.7% y/y, Mar -4.3% y/y.
	n/a	China Apr new yuan loans expected +815.0 billion yuan, Mar +1.37 trillion yuan.

U.S. STOCK CALENDAR05/09/2016

Company	Ticker	Time	Event Description	Period	Estimate
HCP Inc	HCP US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	0.69
AES Corp/VA	AES US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	0.203
Xcel Energy Inc	XEL US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	0.465
Tyson Foods Inc	TSN US	7:30	Q2 2016 Earnings Release	Q2 2016	0.955
Pitney Bowes Inc	PBI US	9:00	Annual General Meeting	Y 2016
AES Corp/VA	AES US	9:00	Q1 2016 Earnings Call	Q1 2016
Tyson Foods Inc	TSN US	9:00	Q2 2016 Earnings Call	Q2 2016
Masco Corp	MAS US	10:00	Annual General Meeting
Xcel Energy Inc	XEL US	10:00	Q1 2016 Earnings Call	Q1 2016
Martin Marietta Materials Inc	MLM US	11:00	Analyst and Investor Day	Y 2016
HCP Inc	HCP US	12:00	Q1 2016 Earnings Call	Q1 2016
International Paper Co	IP US	12:00	Annual General Meeting
Baxter International Inc	BAX US	13:00	Investor Conference	Y 2016
Gap Inc/The	GPS US	16:15	April 2016 Sales and Revenue Release	2016
International Flavors & Fragrances Inc	IFF US	Aft-mkt	Q1 2016 Earnings Release	Q1 2016	1.4
Dun & Bradstreet Corp/The	DNB US	Aft-mkt	Q1 2016 Earnings Release	Q1 2016	0.969

BARCHART MORNING CALL 7/28

BARCHART MORNING CALL

Tuesday, July 28th, 2015View Older Reports

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OVERNIGHT MARKETS AND NEWS

Sep E-mini S&Ps (ESU15 +0.48%) this morning are up +0.52% and the EuroStoxx 50 index is up +1.35% on relief that the Chinese stock market today closed only -1.68% lower. U.S. and European stock indexes are also higher today on positive European takeover news today in the European pharma, utility and insurance industries. In one of the $15 billion worth of deals announced today, Melrose Industries Plc is up 10% after a deal to sell its metering-company Elster to Honeywell for $3.3 billion in cash. In another European deal announced today, Hikma Pharmaceutricals Plc announced that it agreed to buy Boehringer Ingelheim GmbH's Roxane business for $2.7 billion. Mining companies are higher in European trading after the sharp sell-off seen in the past 1-1/2 weeks.
The Chinese Shanghai Composite index on Monday plunged by -8.5% and was down by -5.1% on today's low, but the market was able to recover somewhat during the remainder of the session to close the day down by only -1.68%. The markets remain concerned that the Chinese government may have given up on some of its support measures but so far the Shanghai index has been able to remain well above the 4-1/2 month low posted on July 9. The markets were somewhat relieved that the Chinese Securities Regulatory Commission late Monday released a statement on its website saying that the agency will continue to "stabilize" the market and "prevent systemic risk." Chinese stocks are down sharply this week on weekend news that the China July Markit flash manufacturing PMI unexpectedly fell by -1.2 points to a 15-month low of 48.2 and that Chinese June industrial profits fell by -0.3% y/y.
Asian stocks today closed mixed despite continued bearish overhang from the Chinese stock market: Japan -0.10%, Hong Kong +0.62%, China -1.68%, Taiwan +0.30%, Australia -0.09%, Singapore -0.98%, South Korea +0.09%, India -0.37%, Turkey +1.37%.
The dollar index (DXY00 +0.47%) this morning is up +0.406 (+0.42%) as some confidence returns with the upward rebound in U.S. and European stock indexes. EUR/USD (^EURUSD) is down -0.0056 (-0.51%) and USD/JPY (^USDJPY) is up +0.51 (+0.41%). Sep 10-year T-note prices (ZNU15 -0.17%) are down 9 ticks on reduced safe-haven demand with the upward rebound in the U.S. and European stock indexes.
Commodity prices are little changed on net this morning. Sep crude oil (CLU15 -0.55%) is down -0.34 (-0.72%), Sep Brent is down -0.73 (-1.37%), and Sep gasoline (RBU15 -1.22%) is down -0.0227 (-1.28%) as concerns continue about a worsening glut later this year if Iranian sanctions are dropped as expected. Precious metals are down on the upward rebound in the dollar index today with Aug gold (GCQ15 -0.39%) down -4.9 (-0.45%) and Sep silver (SIU15 -0.62%) down -0.040 (-0.27%). However, Sep copper (HGU15 +1.00%) is up +0.024 (+1.02%) on some relief that global stock markets have stabilized today. Grains are mixed today after yesterday's sharp declines. Sugar, cocoa and cotton are trading higher this morning but cocoa is mildly lower.
Today's UK Q2 GDP report of +0.7% q/q and +2.6% y/y was in line with market expectations and the quarter-on-quarter report of +0.7% strengthened from Q1's report of +0.4% q/q.
Greek bailout negotiations are scheduled to begin today in Athens as technical experts from the ECB, EC and IMF meet with their Greek counterparts. EU officials said today there is "no fixed deadline" for an agreement but that they see a deal in the second half of August. Meanwhile a dispute has arisen whether the Greek parliament must take additional measures to qualify for the bailout with the EU Commission saying that more measures will be necessary while the Greek Finance Ministry says that all measures have been taken. However, the Greek finance minister today said that Greece will fully implement the Eurogroup agreements to the last detail.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) May S&P-CaseShiller composite-20 home price index (expected +0.3% m/m and +5.6% y/y after April's +0.30% m/m and +4.91% y/y), (2) preliminary-July Markit services PMI (expected +0.2 to 55.0 after June's -1.4 to 54.8), (3) July U.S. consumer confidence index from the Conference Board (expected -1.4 to 100.0 after June's +6.8 to 101.4), (4) Jul Richmond Fed manufacturing index (expected +1 to 7 after June's +5 to 6), and (5) the Treasury's auction of $26 billion of 2-year T-notes.
There are 41 of the S&P 500 companies that report earnings today with notable reports including: UPS (consensus $1.26), Ford (0.37), Du Pont (1.22), Nielsen (0.64), Merck (0.81), Cummings (2.55), Pfizer (0.52), Citrix (0.82).
U.S. IPO's scheduled to price today include: EyeGate Pharmaceuticals (EYEG), Builders FirstSource (BLDR).
Equity conferences this week: none.

Sep E-mini S&Ps this morning are up +0.52% on European takeover deals and relief that the Chinese stock market was able to stabilize today. Monday's closes: S&P 500 -0.58%, Dow Jones -0.73%, Nasdaq -0.96%. The S&P 500 on Monday extended last week’s losses to post a new 2-week low on the -8.5% plunge in the Shanghai index and technical selling ahead of this week’s FOMC meeting, which could produce a more hawkish FOMC post-meeting statement warning of a Fed rate hike as soon as the next meeting in September.

OVERNIGHT U.S. STOCK MOVERS

• Baidu Inc (BIDU -4.16%) is down more than 7% in pre-market trading after the biggest Chinese search engine company missed its quarterly sales estimates. In addition, Deutsche bank today downgraded Baidu to Hold from Buy due to expectations for reduced profit margins on a "massive" increase in spending costs.
• SPX earnings reports this morning have been a bit better than expected on balance. Positive reports include Corning (GLW -0.70%) ($0.38 vs consensus of $0.37), Airgas (ARG -1.72%) (1.16 vs 1.15), Textron (TXT -1.41%) (0.60 vs 0.59), Wyndham (WYN -1.76%) (1.32 vs 1.26), Nielsen (NLSN -0.82%) (0.66 vs 0.64), Reynolds American (RAI -0.45%) (1.02 vs 0.96), Ford (F +1.11%) (0.47 vs 0.37), Merck (MRK -0.73%) (0.86 vs 0.81), Pfizer (PFE +0.23%) (0.56 vs 0.52), DR Horton (DHI +0.04%) (0.63 vs 0.50), Waters (WAT -0.66%) (1.32 vs 1.27), National Oilwell Varco (NOV -1.35%) (0.77 vs 0.64), Cummins (CMI -0.47%) (2.62 vs 2.55).
• Negative earnings reports this morning include: Precision Castparts (PCP -0.72%) (2.87 vs 3.00), du Pont (DD -0.37%) (1.18 vs 1.21), CONSOL Energy (CNX -1.64%) (-0.37 vs 0.0), Intersoll-Rand (IR -1.52%) (1.20 vs 1.23), Marsh & McLennan (MMC -0.31%) (0.79 vs 0.794), Lab Corp of America (LH -0.38%) (1.79 vs 2.03), Masco (MAS -0.90%) (0.31 vs 0.34).
• GM (GM -0.03%) will spend $5 billion in global growth markets, according to the Financial Times.
• Procter & Gamble (PG -0.40%) will name David Taylor as next CEO, according to Dow Jones.

MARKET COMMENTS

Sep 10-year T-note prices are down 9 ticks on reduced safe-haven demand with the upward rebound in the U.S. and European stock indexes. Monday's closes: TYU5 +14, FVU5 +9. Sep T-notes on Monday rallied to a 2-1/2 week high on the mixed U.S. durable goods orders report that featured downward revisions for May, and on increased safe-haven demand as the Chinese stock market threatened to resume its free-fall and as the U.S. Dow Jones Industrials index fell to a new 6-month low.
The dollar index this morning is up +0.406 (+0.42%) as some confidence returns with the upward rebound in U.S. and European stock indexes. EUR/USD is down -0.0056 (-0.51%) and USD/JPY is up +0.51 (+0.41%). Monday's closes: Dollar Index -0.710 (-0.73%), EUR/USD +0.0104 (+0.95%), USD/JPY -0.56 (-0.45%). The dollar index on Monday settled with a fairly sharp loss on long liquidation pressure in the dollar index after its sharp month-long rally, the reduced chance for Fed tightening as Chinese stocks plunged on Monday, and strength in EUR/USD as the chances for Grexit diminish as negotiations begin on Tuesday on the 3-year Greek bailout.
Sep crude oil is down -0.34 (-0.72%), Sep Brent is down -0.73 (-1.37%), and Sep gasoline is down -0.0227 (-1.28%) as concerns continue about a worsening glut later this year as Iranian oil exports step up. Monday's closes: CLU5 -0.75 (-1.56%), RBU5 -0.0158 (-0.89%). Sep crude oil and gasoline on Monday closed sharply lower on the plunge in the Chinese stock market and renewed concern about the Chinese economy and on ongoing worries that the world oil glut will worsen as Iran rebuilds its oil exports later this year if sanctions are dropped in December as expected.

GLOBAL EVENT CALENDAR07/28/2015

US	0900 ET	May S&P/CaseShiller composite-20 home price index expected +0.3% m/m and +5.6% y/y, Apr +0.30% m/m and +4.91% y/y.
	0945 ET	Preliminary Jul Markit services PMI expected +0.2 to 55.0, Jun -1.4 to 54.8. Preliminary Jul Markit composite PMI, Jun -1.4 to 54.6.
	1000 ET	Jul consumer confidence (Conference Board) expected -1.4 to 100.0, Jun +6.8 to 101.4.
	1000 ET	Jul Richmond Fed manufacturing outlook survey expected +1 to 7, Jun +5 to 6.
	1300 ET	Treasury auctions $26 billion of 2-year T-notes.
UK	0430 ET	UK Q2 GDP expected +0.7% q/q and +2.6% y/y, Q1 +0.4% q/q and +2.9% y/y.
	0430 ET	UK May index of services expected +0.3% m/m and +0.5% 3-mo/3-mo, Apr +0.2% m/m and +0.5% 3-mo/3-mo.
JPN	1950 ET	Japan Jun retail sales expected -0.9% m/m and +1.0% y/y, May +1.7% m/m and +3.0% y/y.

U.S. STOCK CALENDAR07/28/2015

Company	Ticker	Time	Event Description	Period	Estimate
Airgas Inc	ARG US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	1.154
Corning Inc	GLW US	Bef-mkt	Q2 2015 Earnings Release	Q2 2015	0.369
Ecolab Inc	ECL US	Bef-mkt	Q2 2015 Earnings Release	Q2 2015	1.079
Jacobs Engineering Group Inc	JEC US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.741
Marsh & McLennan Cos Inc	MMC US	Bef-mkt	Q2 2015 Earnings Release	Q2 2015	0.794
Merck & Co Inc	MRK US	Bef-mkt	Q2 2015 Earnings Release	Q2 2015	0.81
Laboratory Corp of America Holdings	LH US	Bef-mkt	Q2 2015 Earnings Release	Q2 2015	2.033
Precision Castparts Corp	PCP US	Bef-mkt	Q1 2016 Earnings Release	Q1 2016	3.002
Textron Inc	TXT US	Bef-mkt	Q2 2015 Earnings Release	Q2 2015	0.589
Waters Corp	WAT US	Bef-mkt	Q2 2015 Earnings Release	Q2 2015	1.271
Affiliated Managers Group Inc	AMG US	Bef-mkt	Q2 2015 Earnings Release	Q2 2015	3.017
Reynolds American Inc	RAI US	Bef-mkt	Q2 2015 Earnings Release	Q2 2015	0.964
LyondellBasell Industries NV	LYB US	Bef-mkt	Q2 2015 Earnings Release	Q2 2015	2.717
Nielsen NV	NLSN US	Bef-mkt	Q2 2015 Earnings Release	Q2 2015	0.639
EI du Pont de Nemours & Co	DD US	6:00	Q2 2015 Earnings Release	Q2 2015	1.217
Wyndham Worldwide Corp	WYN US	6:30	Q2 2015 Earnings Release	Q2 2015	1.258
CONSOL Energy Inc	CNX US	6:45	Q2 2015 Earnings Release	Q2 2015	0.007
Ford Motor Co	F US	7:00	Q2 2015 Earnings Release	Q2 2015	0.368
Ingersoll-Rand PLC	IR US	7:00	Q2 2015 Earnings Release	Q2 2015	1.223
Masco Corp	MAS US	7:00	Q2 2015 Earnings Release	Q2 2015	0.343
Pfizer Inc	PFE US	7:00	Q2 2015 Earnings Release	Q2 2015	0.518
DR Horton Inc	DHI US	7:00	Q3 2015 Earnings Release	Q3 2015	0.499
National Oilwell Varco Inc	NOV US	7:00	Q2 2015 Earnings Release	Q2 2015	0.646
Cummins Inc	CMI US	7:30	Q2 2015 Earnings Release	Q2 2015	2.554
United Parcel Service Inc	UPS US	7:45	Q2 2015 Earnings Release	Q2 2015	1.264
Masco Corp	MAS US	8:00	Q2 2015 Earnings Call	Q2 2015
Merck & Co Inc	MRK US	8:00	Q2 2015 Earnings Call	Q2 2015
Textron Inc	TXT US	8:00	Q2 2015 Earnings Call	Q2 2015
PACCAR Inc	PCAR US	8:00	Q2 2015 Earnings Release	Q2 2015	1.153
Eastman Chemical Co	EMN US	8:00	Q2 2015 Earnings Call	Q2 2015
Nielsen NV	NLSN US	8:00	Q2 2015 Earnings Call	Q2 2015
Corning Inc	GLW US	8:30	Q2 2015 Earnings Call	Q2 2015
Marsh & McLennan Cos Inc	MMC US	8:30	Q2 2015 Earnings Call	Q2 2015
United Parcel Service Inc	UPS US	8:30	Q2 2015 Earnings Call	Q2 2015
Waters Corp	WAT US	8:30	Q2 2015 Earnings Call	Q2 2015
Wyndham Worldwide Corp	WYN US	8:30	Q2 2015 Earnings Call	Q2 2015
EI du Pont de Nemours & Co	DD US	9:00	Q2 2015 Earnings Call	Q2 2015
Ford Motor Co	F US	9:00	Q2 2015 Earnings Call	C2 2015
Laboratory Corp of America Holdings	LH US	9:00	Q2 2015 Earnings Call	Q2 2015
Hartford Financial Services Group Inc/The	HIG US	9:00	Q2 2015 Earnings Call	Q2 2015
National Oilwell Varco Inc	NOV US	9:00	Q2 2015 Earnings Call	Q2 2015
Reynolds American Inc	RAI US	9:00	Q2 2015 Earnings Call	Q2 2015
Airgas Inc	ARG US	10:00	Q1 2016 Earnings Call	Q1 2016
Cummins Inc	CMI US	10:00	Q2 2015 Earnings Call	Q2 2015
Ingersoll-Rand PLC	IR US	10:00	Q2 2015 Earnings Call	Q2 2015
Pfizer Inc	PFE US	10:00	Q2 2015 Earnings Call	Q2 2015
Southwestern Energy Co	SWN US	10:00	Q2 2015 Earnings Call	Q2 2015
DR Horton Inc	DHI US	10:00	Q3 2015 Earnings Call	Q3 2015
CONSOL Energy Inc	CNX US	10:00	Q2 2015 Earnings Call	Q2 2015
Ford Motor Co	F US	11:00	Q2 2015 Earnings Call - Fixed Income	Q2 2015
Jacobs Engineering Group Inc	JEC US	11:00	Q3 2015 Earnings Call	Q3 2015
Precision Castparts Corp	PCP US	11:00	Q1 2016 Earnings Call	Q1 2016
Torchmark Corp	TMK US	11:00	Q2 2015 Earnings Call	Q2 2015
AvalonBay Communities Inc	AVB US	11:00	Q2 2015 Earnings Call	Q2 2015
Affiliated Managers Group Inc	AMG US	11:00	Q2 2015 Earnings Call	Q2 2015
LyondellBasell Industries NV	LYB US	11:00	Q2 2015 Earnings Call	Q2 2015
Intel Corp	INTC US	12:00	Analyst Meeting	Y 2015
PACCAR Inc	PCAR US	12:00	Q2 2015 Earnings Call	Q2 2015
Ecolab Inc	ECL US	13:00	Q2 2015 Earnings Call	Q2 2015
Total System Services Inc	TSS US	16:00	Q2 2015 Earnings Release	Q2 2015	0.535
Edwards Lifesciences Corp	EW US	16:00	Q2 2015 Earnings Release	Q2 2015	1.051
Gilead Sciences Inc	GILD US	16:05	Q2 2015 Earnings Release	Q2 2015	2.705
Citrix Systems Inc	CTXS US	16:05	Q2 2015 Earnings Release	Q2 2015	0.821
American Express Co	AXP US	16:30	Q2 2015 Earnings Call - Fixed Income Call	C2 2015
Gilead Sciences Inc	GILD US	16:30	Q2 2015 Earnings Call	Q2 2015
Akamai Technologies Inc	AKAM US	16:30	Q2 2015 Earnings Call	Q2 2015
Citrix Systems Inc	CTXS US	16:45	Q2 2015 Earnings Call	Q2 2015
Total System Services Inc	TSS US	17:00	Q2 2015 Earnings Call	Q2 2015
Edwards Lifesciences Corp	EW US	17:00	Q2 2015 Earnings Call	Q2 2015
Aflac Inc	AFL US	Aft-mkt	Q2 2015 Earnings Release	Q2 2015	1.524
Anadarko Petroleum Corp	APC US	Aft-mkt	Q2 2015 Earnings Release	Q2 2015	-0.53
AGL Resources Inc	GAS US	Aft-mkt	Q2 2015 Earnings Release	Q2 2015	0.428
Kimco Realty Corp	KIM US	Aft-mkt	Q2 2015 Earnings Release	Q2 2015	0.381
Cincinnati Financial Corp	CINF US	Aft-mkt	Q2 2015 Earnings Release	Q2 2015	0.41
Express Scripts Holding Co	ESRX US	Aft-mkt	Q2 2015 Earnings Release	Q2 2015	1.401
Range Resources Corp	RRC US	Aft-mkt	Q2 2015 Earnings Release	Q2 2015	0.033
Equity Residential	EQR US	Aft-mkt	Q2 2015 Earnings Release	Q2 2015	0.855
CH Robinson Worldwide Inc	CHRW US	Aft-mkt	Q2 2015 Earnings Release	Q2 2015	0.863
Akamai Technologies Inc	AKAM US	Aft-mkt	Q2 2015 Earnings Release	Q2 2015	0.582
Assurant Inc	AIZ US	Aft-mkt	Q2 2015 Earnings Release	Q2 2015	1.603
Ball Corp	BLL US		Extraordinary Shareholders Meeting - M&A Vote	Y 2015
Equifax Inc	EFX US		Investors Meeting - Kansas City	Y 2015
Legg Mason Inc	LM US		Annual General Meeting	Y 2015
Pall Corp	PLL US		Special Meeting - M&A Vote