Showing posts with label NEM. Show all posts
Showing posts with label NEM. Show all posts

Thursday, July 21, 2016

MORNING CALL 7/21

MORNING CALL
OVERNIGHT MARKETS AND NEWS
Sep E-mini S&Ps (ESU16 -0.08%) are down -0.06% and European stocks are down -0.16% ahead of the results of today's ECB meeting and press conference from ECB President Draghi. The markets are not expecting any action from the ECB today, but will scour comments from Draghi as to if and when the ECB may boost easing measures. Global stocks took a hit after BOJ Governor Kuroda in a BBC Radio 4 program broadcast dismissed the use on helicopter money as stimulus. Losses were limited on increased M&A activity as Joy Global jumped 20% in pre-market trading after it was acquired by Komatsu for $2.89 billion and Relypsa surged over 50% in pre-market trading after being acquired by Galencia for $1.53 billion. Asian stocks settled mixed: Japan +0.77%, Hong Kong +0.54%, China +0.37%, Taiwan +0.54%, Australia +0.43%, Singapore -0.18%, South Korea -0.09%, India -0.74%. Japan's Nikkei Stock Index had rallied to a 1-1/2 month high after USD/JPY climbed to a 1-1/2 month high and lifted exporter stocks along with increased M&A activity after Japan's Komatsu agreed to buy Joy Global, the world's largest maker of underground mining equipment, for $2.89 billion.
The dollar index (DXY00 -0.16%) is down -0.18%. EUR/USD (^EURUSD) is up +0.04%. USD/JPY (^USDJPY) is down -0.52%.
Sep T-note prices (ZNU16 -0.05%) are down -4.5 ticks.
USD/JPY fell back from a 1-1/2 month high and turned lower after BOJ Governor Kuroda in a BBC Radio 4 program broadcast said there was "no need and no possibility of easing monetary policy via helicopter money," where the central bank directly finances government spending. Kuroda said "at this moment, the BOJ has three options with quantitative and qualitative easing with negative interest rates.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) weekly initial unemployment claims (expected +11,000 to 265,000, previous unch at 254,000) and continuing claims (expected -9,000 to 2.140 million, previous +32,000 to 2.149 million), (2) Jul Philadelphia Fed business outlook survey (expected +0.1 to 4.8, Jun +6.5 to 4.7), (3) Jun Chicago Fed national activity index (expected +0.31 to -0.20, May -0.56 to -0.51), (4) May FHFA house price index (expected +0.4% m/m, Apr +0.2% m/m), (5) Jun existing home sales (expected -0.9% to 5.48 million, May +1.8% to 5.53 million), (6) Jun leading indicators (expected +0.2%, May-0.2%), (7) Treasury auctions $13 billion of 10-year TIPS, and (8) USDA weekly Export Sales.
There are 34 of the S&P 500 companies that report earnings today with notable reports including: Visa (consensus $0.67), Starbucks (0.49), AT&T (0.72), Capital One (1.87), General Motors (1.52), PulteGroup (0.32).
U.S. IPO's scheduled to price today: none.
Equity conferences this week include: none.


OVERNIGHT U.S. STOCK MOVERS
Intel (INTC +1.54%) lost 3% in pre-market trading after it reported Q2 adjusted EPS of 59 cents, higher than consensus of 54 cents, but said it remains cautious on the PC market and forecasts a high-single-digit PC market contraction in 2016.
Qualcomm (QCOM +1.23%) jumped nearly 7% in after-hours trading after it reported Q3 adjusted EPS of $1.16, well above consensus of 97 cents.
eBay (EBAY +1.85%) rallied nearly 6% in after-hours trading after it reported Q2 adjusted EPS continuing operations of 43 cents, higher than consensus of 42 cents and then added $2.5 billion to its stock buyback plan.
Relypsa (RLYP +1.31%) surged over 50% in pre-market trading after Galencia agreed to buy it for $1.53 billion or $32 a share.
Mattel (MAT +1.42%) rose nearly 4% in after-hours trading after it reported a Q2 adjusted EPS loss of -2 cents, a smaller loss than consensus of -5 cents
Joy Global (JOY +1.07%) jumped 20% in pre-market trading after Komatsu Ltd. agreed to buy the company for $2.89 billion or $28.30 a share.
United Rentals (URI +2.84%) jumped 9% in after-hours trading after it reported Q2 adjusted EPS of $2.06, well above consensus of $1.82.
F5 Networks (FFIV +0.72%) climbed 3% in after-hours trading after it reported Q3 adjusted EPS of $1.81, above consensus of $1.79, and said it sees Q4 adjusted EPS of $1.92-$1.95, stronger than consensus of $1.92.
Kinder Morgan Inc/DE (KMI +0.68%) slid over 1% in after-hours trading after it reported Q2 revenue of $3.14 billion, below consensus of $3.41 billion.
Trueblue (TBI +1.23%) gained almost 5% in after-hours trading after it reported Q2 adjusted EPS of 51 cents, better than consensus of 43 cents, and said it sees Q3 adjusted EPS of 73 cents-78 cents, higher than consensus of 67 cents.
IMAX Corp. (IMAX -0.17%) gained over 4% in after-hours trading after it reported Q2 adjusted EPS of 18 cents, higher than consensus of 17 cents, and raised its 2016 installation view to 155 theaters from a prior estimate of 135-140 theaters
PTC Inc. (PTC +1.33%) climbed nearly 4% in after-hours trading after it reported Q3 adjusted revenue of $289.7 million, above consensus of $288 million.
Tractor Supply (TSCO +0.16%) slipped 2% in after-hours trading after it reported Q2 EPS of $1.16 and Q2 revenue of $1.85 billion, both right on expectations.
Newmont Mining (NEM -5.07%) rose over 2% in after-hours trading after it reported Q2 sales of $2.04 billion, stronger than consensus of $1.91 billion.
MARKET COMMENTS
Sep E-mini S&Ps (ESU16 -0.08%) this morning are down -1.25 points (-0.06%). Wednesday's closes: S&P 500 +0.43%, Dow Jones +0.19%, Nasdaq +1.17%. The S&P 500 on Wednesday rallied to a new record high and closed higher on a positive start to quarterly company earnings season as 78% of the S&P 500 companies that have reported earnings results thus far have exceeded expectations. Stocks were also boosted by strength in technology stocks as bellwether Microsoft soared +7% after beating quarterly profit estimates. Stock market anxiety also faded as the VIX volatility index fell to a 1-3/4 year low.
Sep 10-year T-note prices (ZNU16 -0.05%) this morning are down -4.5 ticks. Wednesday's closes: TYU6 -8.00, FVU6 -4.75. Sep T-notes on Wednesday closed lower on the reduced safe-haven demand with the rally in the S&P 500 to an all-time high and on carryover weakness from a slide in German bund prices.
The dollar index (DXY00 -0.16%) this morning is down -0.175 (-0.18%). EUR/USD (^EURUSD) is up +0.0004 (+0.04%) and USD/JPY (^USDJPY) is down-0.56 (-0.52%). Wednesday's closes: Dollar index +0.138 (+0.14%), EUR/USD -0.0006 (-0.05%), USD/JPY +0.77 (+0.73%). The dollar index on Wednesday rallied to a 4-1/4 month high and closed higher on optimism about the U.S economic outlook after the S&P 500 climbed to a record high. In addition, USD/JPY rose to a 3-week high as the rally in stocks reduced the safe-haven demand for the yen.
Sep WTI crude oil prices (CLU16 -0.37%) this morning are up +9 cents (+0.20%) and Sep gasoline prices (RBU16 +0.15%) are up +0.0122 (+0.89%). Wednesday's closes: CLU6 +0.21 (+0.46%), RBU6 -0.0143 (-1.03%). Sep crude oil and gasoline on Wednesday settled mixed. Sep crude oil recovered from a 2-1/4 month low and closed higher after weekly EIA crude inventories fell -2.34 million bbl, a bigger decline than expectations of -2.0 million bbl. Crude oil and gasoline were undercut by the rally in the dollar index to a 4-1/4 month high and by the unexpected increase in EIA gasoline inventories by +911,000 bbl (vs expectations of -500,000 bbl).
GLOBAL EVENT CALENDAR07/21/2016
Thursday, July 21
US0830 ETWeekly initial unemployment claims expected +11,000 to 265,000, previous unch at 254,000. Weekly continuing claims expected -9,000 to 2.140 million, previous +32,000 to 2.149 million.
0830 ETJul Philadelphia Fed business outlook survey expected +0.1 to 4.8, Jun +6.5 to 4.7.
0830 ETJun Chicago Fed national activity index expected +0.31 to -0.20, May -0.56 to -0.51.
0830 ETUSDA weekly Export Sales.
0900 ETMay FHFA house price index expected +0.4% m/m, Apr +0.2% m/m.
1000 ETJun existing home sales expected -0.9% to 5.48 million, May +1.8% to 5.53 million.
1000 ETJun leading indicators expected +0.2%, May -0.2%,
1100 ETTreasury announces amount of 2-year T-notes (previous $26 billion), 2-year floating-rate notes (previous $13 billion), 5-year T-notes (previous $34 billion) and 7-year T-notes (previous $28 billion) to be auctioned Jul 25-28.
1300 ETTreasury auctions 10-year TIPS.
EUR0745 ETECB announces interest rate decision.
0830 ETECB President Mario Draghi delivers press conference following ECB meeting.
Friday, July 22
US0945 ETPreliminary-Jul Markit U.S. manufacturing PMI expected +0.2 to 51.5, Jun +0.6 to 51.3.
1500 ETUSDA Jun Cold Storage.
1500 ETUSDA Jun Cattle on Feed.
n/aG-20 finance ministers and central bank governor deputies meet in Chengdu, China (Jul 22-24).
GER0330 ETGerman Jul Markit/BME manufacturing PMI expected -1.1 to 53.4, Jun +2.4 to 54.5. Jul Markit services PMI expected -0.5 to 53.2, Jun -1.5to 53.7.
EUR0400 ETEurozone Jul Markit manufacturing PMI expected -0.8 to 52.0, Jun +1.3 to 52.8. Jul composite PMI expected -0.6 to 52.5, Jun unch at 53.1.
UK0430 ETUK Jul Markit manufacturing PMI expected -3.4 to 48.7, Jun +1.7 to 52.1.
0430 ETUK Jul Markit/CIPS services PMI expected -3.5 to 48.8, Jun -1.2 to 52.3.
U.S. STOCK CALENDAR07/21/2016
CompanyTickerTimeEvent DescriptionPeriodEstimate
Interpublic Group of Cos Inc/TheIPG USBef-mktQ2 2016 Earnings ReleaseQ2 20160.331
Johnson Controls IncJCI USBef-mktQ3 2016 Earnings ReleaseQ3 20161.031
Nucor CorpNUE USBef-mktQ2 2016 Earnings ReleaseQ2 20160.697
PulteGroup IncPHM USBef-mktQ2 2016 Earnings ReleaseQ2 20160.321
PPG Industries IncPPG USBef-mktQ2 2016 Earnings ReleaseQ2 20161.855
Sherwin-Williams Co/TheSHW USBef-mktQ2 2016 Earnings ReleaseQ2 20164.158
Snap-on IncSNA USBef-mktQ2 2016 Earnings ReleaseQ2 20162.23
BB&T CorpBBT USBef-mktQ2 2016 Earnings ReleaseQ2 20160.68
Southwest Airlines CoLUV USBef-mktQ2 2016 Earnings ReleaseQ2 20161.207
Travelers Cos Inc/TheTRV USBef-mktQ2 2016 Earnings ReleaseQ2 20162.044
Union Pacific CorpUNP USBef-mktQ2 2016 Earnings ReleaseQ2 20161.163
DR Horton IncDHI USBef-mktQ3 2016 Earnings ReleaseQ3 20160.656
Huntington Bancshares Inc/OHHBAN USBef-mktQ2 2016 Earnings ReleaseQ2 20160.209
Quest Diagnostics IncDGX USBef-mktQ2 2016 Earnings ReleaseQ2 20161.317
Alliance Data Systems CorpADS USBef-mktQ2 2016 Earnings ReleaseQ2 20163.59
General Motors CoGM USBef-mktQ2 2016 Earnings ReleaseQ2 20161.523
Bank of New York Mellon Corp/TheBK US6:30Q2 2016 Earnings ReleaseQ2 20160.751
Dover CorpDOV US7:00Q2 2016 Earnings ReleaseQ2 20160.864
Citizens Financial Group IncCFG US7:00Q2 2016 Earnings ReleaseQ2 20160.435
Biogen IncBIIB US7:15Q2 2016 Earnings ReleaseQ2 20164.685
Alaska Air Group IncALK US8:00Q2 2016 Earnings ReleaseQ2 20162.095
Bank of New York Mellon Corp/TheBK US8:00Q2 2016 Earnings CallQ2 2016
BB&T CorpBBT US8:00Q2 2016 Earnings CallQ2 2016
Interpublic Group of Cos Inc/TheIPG US8:30Q2 2016 Earnings CallQ2 2016
PulteGroup IncPHM US8:30Q2 2016 Earnings CallQ2 2016
Biogen IncBIIB US8:30Q2 2016 Earnings CallQ2 2016
Quest Diagnostics IncDGX US8:30Q2 2016 Earnings CallQ2 2016
Citizens Financial Group IncCFG US8:30Q2 2016 Earnings CallQ2 2016
Alliance Data Systems CorpADS US8:30Q2 2016 Earnings CallQ2 2016
Union Pacific CorpUNP US8:45Q2 2016 Earnings CallQ2 2016
Travelers Cos Inc/TheTRV US9:00Q2 2016 Earnings CallQ2 2016
Huntington Bancshares Inc/OHHBAN US9:00Q2 2016 Earnings CallQ2 2016
FMC Technologies IncFTI US9:00Q2 2016 Earnings CallQ2 2016
Dover CorpDOV US10:00Q2 2016 Earnings CallQ2 2016
Newmont Mining CorpNEM US10:00Q2 2016 Earnings CallQ2 2016
Snap-on IncSNA US10:00Q2 2016 Earnings CallQ2 2016
DR Horton IncDHI US10:00Q3 2016 Earnings CallQ3 2016
General Motors CoGM US10:00Q2 2016 Earnings CallQ2 2016
Johnson Controls IncJCI US11:00Q3 2016 Earnings CallQ3 2016
Citigroup IncC US11:00Q2 2016 Earnings Call - Fixed Income InvestorC2 2016
Sherwin-Williams Co/TheSHW US11:00Q2 2016 Earnings CallQ2 2016
United Rentals IncURI US11:00Q2 2016 Earnings CallQ2 2016
Alaska Air Group IncALK US11:30Q2 2016 Earnings CallQ2 2016
Southwest Airlines CoLUV US12:30Q2 2016 Earnings CallQ2 2016
Nucor CorpNUE US14:00Q2 2016 Earnings CallQ2 2016
PPG Industries IncPPG US14:00Q2 2016 Earnings CallQ2 2016
SL Green Realty CorpSLG US14:00Q2 2016 Earnings CallQ2 2016
AT&T IncT US16:00Q2 2016 Earnings ReleaseQ2 20160.717
PayPal Holdings IncPYPL US16:00Q2 2016 Earnings ReleaseQ2 20160.358
Capital One Financial CorpCOF US16:05Q2 2016 Earnings ReleaseQ2 20161.87
Visa IncV US16:05Q3 2016 Earnings ReleaseQ3 20160.667
Schlumberger LtdSLB US16:10Q2 2016 Earnings ReleaseQ2 20160.21
Chipotle Mexican Grill IncCMG US16:10Q2 2016 Earnings ReleaseQ2 20160.909
American Express CoAXP US16:30Q2 2016 Earnings Call - Fixed IncomeC2 2016
AT&T IncT US16:30Q2 2016 Earnings CallQ2 2016
Stryker CorpSYK US16:30Q2 2016 Earnings CallQ2 2016
Chipotle Mexican Grill IncCMG US16:30Q2 2016 Earnings CallQ2 2016
Skyworks Solutions IncSWKS US17:00Q3 2016 Earnings CallQ3 2016
People's United Financial IncPBCT US17:00Q2 2016 Earnings CallQ2 2016
Starbucks CorpSBUX US17:00Q3 2016 Earnings CallQ3 2016
Capital One Financial CorpCOF US17:00Q2 2016 Earnings CallQ2 2016
E*TRADE Financial CorpETFC US17:00Q2 2016 Earnings CallQ2 2016
Visa IncV US17:00Q3 2016 Earnings CallQ3 2016
Southwestern Energy CoSWN USAft-mktQ2 2016 Earnings ReleaseQ2 2016-0.108
Stryker CorpSYK USAft-mktQ2 2016 Earnings ReleaseQ2 20161.366
Skyworks Solutions IncSWKS USAft-mktQ3 2016 Earnings ReleaseQ3 20161.214
People's United Financial IncPBCT USAft-mktQ2 2016 Earnings ReleaseQ2 20160.22
Starbucks CorpSBUX USAft-mktQ3 2016 Earnings ReleaseQ3 20160.487
E*TRADE Financial CorpETFC USAft-mktQ2 2016 Earnings ReleaseQ2 20160.379
Crown Castle International CorpCCI USAft-mktQ2 2016 Earnings ReleaseQ2 20161.076
PayPal Holdings IncPYPL US18:30Q2 2016 Earnings CallQ2 2016
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Thursday, July 14, 2016

MORNING CALL 7/14

MORNING CALL'
OVERNIGHT MARKETS AND NEWS
Sep E-mini S&Ps (ESU16 +0.65%) are up +0.75% at a new all-time nearest-futures high and European stocks are up +1.27% at a 2-1/2 week high on speculation world central banks will increase stimulus measures in order to support economic growth. The stock indexes fell back from their best levels and GBP/USD jumped +1.45% to a 2-week high after the BOE unexpectedly voted 8-1 to keep the benchmark interest rate unchanged at 0.50% and voted 9-0to maintain the asset purchase target at 375 billion pounds, although the post meeting statement said that " most members of the committee expect monetary policy to be loosened in August." JPMorgan Chase is up over 2% in pre-market trading and is leading financial stocks higher after it reported Q2 EPS of $1.55, better than consensus of $1.43. Energy producing stocks are also higher with the price of crude oil (CLQ16 +1.50%) up +1.18% and mining stocks and raw-material producers are up as well with the price of copper (HGU16 +0.20%) up +0.09%. Asian stocks settled mostly higher: Japan +0.95%, Hong Kong +1.12%, China -0.22%, Taiwan +0.10%, Australia +0.43%, Singapore -0.13%, South Korea +0.22%, India +0.46%. A rally in USD/JPY to a 2-1/2 week high gave Japanese exporter stocks a boost and led Japan's Nikkei Stock Index higher. The yen has weakened and Japanese stocks have pushed higher this week after Prime Minster Abe's party won upper-house elections and promised more stimulus.
The dollar index (DXY00 -0.26%) is up +0.08%. EUR/USD (^EURUSD) is up +0.17%. USD/JPY (^USDJPY) is up +0.84% at a 2-1/2 week high.
Sep T-note prices (ZNU16 -0.28%) are down -7.5 ticks.

U.S. STOCK PREVIEW
Key U.S. news today includes: (1) weekly MBA mortgage applications (previous +14.2% with purchase sub-index +4.3% and refi sub-index +20.8%), (2) Jun import price index (expected +0.5% m/m and -4.6% y/y, May +1.4% m/m and -5.0% y/y), (3) the Treasury's auction of $12 billion of 30-year T-bonds, (4) Jun monthly budget statement (expected +$23.0 billion, May -$52.507 billion), (5) Fed Beige Book, (6) Philadelphia Fed President Patrick Harker (non-voter) speaks on the economic outlook at an event in Philadelphia, and (7) EIA Weekly Petroleum Status Report.
S&P 500 companies reporting earnings today: JPMorgan Chase (consensus $1.43), Blackrock (4.77), Delta ((1.42), Omnicom (1.33), Progressive Corp (0.33).
U.S. IPO's scheduled to price today: AdvancePierre Foods Holdings (APFH), Ageagle Aerial System (UAVS).
Equity conferences this week include: none.


OVERNIGHT U.S. STOCK MOVERS
JPMorgan Chase (JPM -0.06%) climbed over 2% in pre-market trading after it reported Q2 EPS of $1.55, higher than consensus of $1.43.
Procter & Gamble (PG +0.16%) was upraded to 'Buy' from 'Neutral' at UBS with a 12-month price target of $96.
Newmont Mining (NEM +2.30%) was upgraded to 'Buy' from 'Sell' at Veritas Investment Research with a 12-month price target of $42.
Yum! Brands (YUM -0.57%) climbed over 3% in pre-market trading after it reported Q2 adjusted EPS of 75 cents, better than consensus of 74 cents, and then forecast operating profit growth this year up "at least" 14%, higher than an April view of up 12%.
Eaon Corp PLC (ETN -0.14%) was downgraded to 'Neutral' from 'Buy' at Bank of America/Merrill Lynch.
The WSJ reports that Viacom (VIA -1.20%) is in talks to sell a 49% stake in its Paramount Pictures move studio to China's Dalian Wanda.
LSB Industries (LXU -2.91%) dropped 2% in after-hours trading after it registered 4.5 million shares for top holder LSB Funding.
Coeur Mining (CDE +5.34%) was upgraded to 'Outperform' from 'Sector Perform' at RBC Capital Markets with a 12-month target price of $18.
Novovure Ltd. (NVCR -1.97%) jumped nearly 6% in after-hours trading after the FDA approved its second-generation Optune System for glioblastoma patients.
Lions Gate Entertainment (LGF +1.12%) fell 1% in after-hours trading after it was downgraded to 'Market Perform' from 'Outperform' at Bernstein.
Summit Materials (SUM -0.18%) said its preliminary Q2 adjusted EPS will be 43 cents-44 cents, below consensus of 47 cents.
Monsanto (MON -1.17%) gained over 1% in after-hours trading after people familiar with the matter said the company has revived talks with BASF about a possible combination of their agrochemicals businesses.
Philadelphia Fed President Harker (non-voter) said "considering the economic projections, he anticipates it may be appropriate for up to two additional rate hikes this year and that the funds rate will approach 3% by the end of 2018."
MARKET COMMENTS
Sep E-mini S&Ps (ESU16 +0.65%) this morning are up +16.00 points (+0.75%) at a fresh all-time nearest-futures high. Wednesday's closes: S&P 500 +0.01%, Dow Jones +0.13%, Nasdaq -0.26%. The S&P 500 on Wednesday climbed to a new record high and closed slightly higher on a rally in mining stocks and raw-material producers after copper prices rose +1.22% to a 2-1/4 month high. Stocks were also boosted by the Fed Beige Book comment that "the outlook was generally positive across broad segments of the economy." Stocks were undercut by a sell-off in energy producer stocks after crude oil prices fell sharply by -4.38%.
Sep 10-year T-note prices (ZNU16 -0.28%) this morning are down -7.5 ticks. Wednesday's closes: TYU6 +10.00, FVU6 +3.75. Sep T-bonds on Wednesday closed higher on the slide in stocks and on strong demand for the Treasury's $12 billion auction of 30-year T-bonds that had a bid-to-cover ratio of 2.48, higher than the 12-auction average of 2.34.
The dollar index (DXY00 -0.26%) this morning is up +0.073 (+0.08%), EUR/USD (^EURUSD) is up +0.0019 (+0.17%) and USD/JPY (^USDJPY) is up +0.88 (+0.84%) at a 2-1/2 week high. Wednesday's closes: Dollar index -0.225 (-0.23%), EUR/USD +0.0029 (+0.26%), USD/JPY -0.20 (-0.19%). The dollar index on Wednesday closed lower on the the steeper-than-expected decline in China May imports, which signals weakness in China's economy that may restrain global growth and keep the Fed from raising interest rates. The dollar was undercut by the Fed Beige Book that said the U.S. economy grew "modestly" amid "slight" price pressures, which bolsters the case for the Fed to refrain from raising interest rates.
Aug WTI crude oil (CLQ16 +1.50%) prices this morning are up +53 cents (+1.18%) and Aug gasoline prices (RBQ16 +2.07%) are up +0.0197 (+1.43%). Wednesday's closes: CLQ6 -2.05 (-4.38%), RBQ6 -0.0517 (-3.62%). Aug crude oil and gasoline on Wednesday closed sharply lower on comments by Iranian Deputy Oil Minister Ali Kardor who said his country is pushing to raise its crude production to 4.0 million bpd by the end of Sep, earlier than previous forecasts for output to rise to 4.0 million bpd by year end. Crude oil and gasoline prices were also undercut by the unexpected +1.21 million bbl increase in EIA gasoline stockpiles (more than expectations of -1.0 million bbl) and the +0.7% increase in U.S. crude production to 8.485 million bpd, the first increase in five weeks.
GLOBAL EVENT CALENDAR07/14/2016
Thursday, July 14, 2016
US0830 ETWeekly initial unemployment claims expected +11,000 to 265,000, previous -16,000 to 254,000. Weekly continuing claims expected +6,000 to 2.130 million, previous -44,000 to 2.124 million.
0830 ETJun PPI final demand expected +0.3% m/m and -0.1% y/y, May +0.4% m/m and -0.1% y/y. Jun PPI ex food & energy expected +0.1% m/m and +1.0% y/y, May +0.3% m/m and +1.2% y/y.
0830 ETUSDA weekly Export Sales.
1100 ETTreasury announces amount of 10-year TIPS (previous $11 billion) to be auctioned Jul 21.
1115 ETAtlanta Fed President Dennis Lockhart (non-voter) speaks at the Rocky Mountain Economic Summit in Victor, Idaho.
1900 ETDallas Fed President Robert Kaplan (non-voter) speaks at the Official Monetary and Financial Institutions Forum in St. Louis about economic conditions and the role of monetary policy.
CHI2200 ETChina Q2 GDP expected +1.6% q/q and +6.6% y/y, Q1 +1.1% q/q and +6.7% y/y.
2200 ETChina Jun industrial production expected +5.9% y/y, May +6.0% y/y.
2200 ETChina Jun retail sales expected +9.9% y/y, May +10.0% y/y.
Friday, July 15, 2016
US0830 ETJun retail sales expected +0.1% and +0.4% ex autos, May +0.5% and +0.4% ex autos. Jun retail sales ex auto & gas expected +0.3%, May +0.3%.
0830 ETJun CPI expected +0.2% m/m and +1.1% y/y, May +0.2% m/m and +1.0% y/y. Jun CPI ex food & energy expected +0.2% m/m and +2.2% y/y, May +0.2% m/m and +2.2% y/y.
0830 ETJul Empire manufacturing survey general business conditions expected -1.01 to 5.00, Jun +15.03 to 6.01.
0915 ETJun industrial production expected +0.3%, May -0.4%. Jun manufacturing production expected +0.3%, May -0.4%. Jun capacity utilization expected +0.2 to 75.1%, May -0.4 to 74.9%.
1000 ETMay business inventories expected +0.1%, Apr +0.1%.
1000 ETPreliminary-Jul University of Michigan U.S. consumer sentiment index expected -0.2 to 93.3, Jun -1.2 to 93.5.
1300 ETSan Francisco Fed President John Williams (non-voter) speaks at the NBER Monetary Economics Summer Institute on Monetary Policy.
1315 ETMinneapolis Fed President Neel Kashkari (non-voter) and St. Louis Fed President James Bullard (voter) participate in a facilitated discussion at an OMFIF meeting in St. Louis.
EUR0200 ETEurozone Jun new car registrations, May +16.0% y/y.
0500 ETRevised Eurozone Jun CPI, prelim-Jun -0.1% y/y. Revised Jun core CPI, prelim-Jun +0.9% y/y.
UK0430 ETUK May construction output expected -1.2% m/m and -3.5% y/y, Apr +2.5% m/m and -3.7% y/y.
U.S. STOCK CALENDAR07/14/2016
CompanyTickerTimeEvent DescriptionPeriodEstimate
BlackRock IncBLKBef-mktQ2 2016 Earnings ReleaseQ2 20164.774
First Republic Bank/CAFRCBef-mktQ2 2016 Earnings ReleaseQ2 20160.986
JPMorgan Chase & CoJPM6:45Q2 2016 Earnings ReleaseQ2 20161.431
Delta Air Lines IncDAL7:00Q2 2016 Earnings ReleaseQ2 20161.418
JPMorgan Chase & CoJPM8:30Q2 2016 Earnings CallQ2 2016
CSX CorpCSX8:30Q2 2016 Earnings CallQ2 2016
Omnicom Group IncOMC8:30Q2 2016 Earnings CallQ2 2016
BlackRock IncBLK8:30Q2 2016 Earnings CallQ2 2016
Yum! Brands IncYUM9:15Q2 2016 Earnings CallQ2 2016
Delta Air Lines IncDAL10:00Q2 2016 Earnings CallQ2 2016
First Republic Bank/CAFRC10:00Q2 2016 Earnings CallQ2 2016
Omnicom Group IncOMCQ2 2016 Earnings ReleaseQ2 20161.334
Progressive Corp/ThePGRQ2 2016 Earnings ReleaseQ2 20160.326
E*TRADE Financial CorpETFCJune 2016 Sales and Revenue Release - Activity Report
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Wednesday, July 6, 2016

MORNING CALL 7/6

MORNING CALL
OVERNIGHT MARKETS AND NEWS
Sep E-mini S&Ps (ESU16 -0.61%) are down -0.67% and European stocks are down sharply by -2.09% on concern the fallout from Brexit will slow global economic growth. Late Tuesday, New York Fed President Dudley warned that the risks from Brexit could escalate if it triggers turmoil beyond the UK. A decline in European bank stocks is leading the overall market lower after BlackRock downgraded European stocks to underweight, with a negative view on the Eurozone banking sector due to fallout from Brexit. European stocks were also undercut after German May factory orders came in weaker than expected. On the positive side, mining stocks and gold producers are higher as the price of gold (GCQ16 +1.22%) rose to a 2-1/3 year high. GBP/USD is down -0.27% to a fresh 31-year low, while global government bond yields fell further into uncharted territory. The German 10-year bund yield slid to a record low of -0.205%, the UK 10-year gilt yield fell to a record low 0.729% and the U.S. 10-year T-note yield dropped to a record low 1.318%. Asian stocks settled mostly lower: Japan -1.85%, Hong Kong -1.23%, China +0.36%, Taiwan -1.61%, Australia -0.58%, South Korea -2.05%, Singapore and India closed for holiday. China's Shanghai Composite rallied to a 2-1/2 month high on speculation the government will boost measures to spur economic growth in the wake of the fallout from Brexit. Japan's Nikkei Stock Index fell to a 1-week low as exporter stocks declined after USD/JPY slid to a 1-week low, which reduces the earnings prospects of exporters.
The dollar index (DXY00 +0.04%) is down -0.05%. EUR/USD (^EURUSD) is down -0.05%. USD/JPY (^USDJPY) is down -1.39% at a 1-week low.
Sep T-note prices (ZNU16 +0.18%) are up +7.5 ticks at a 3-1/2 year nearest-futures high.
BOE Governor Carney warned that the risks from Brexit have started to crystalize and "there is the prospect of a material slowing of the economy and that the number of vulnerable households could increase due to a tougher economic outlook."
German May factory orders were unch m/m and -0.2% y/y, weaker than expectations of +1.0% m/m and +0.9% y/y.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) weekly MBA mortgage applications (previous -2.6% with purchase sub-index -3.0% and refi sub-index -2.4%), (2) May trade balance (expected -$40.0 billion, Apr -$37.4 billion), (3) Fed Governor Daniel Tarullo speaks at an event in Washington D.C. on financial regulation and monetary policy, (4) revised Jun Markit U.S. services PMI (expected unchanged at 51.3, prelim-Jun unch at 51.3), (5) Jun ISM non-manufacturing PMI (expected +0.4 to 53.3, May -2.8 to 52.9), and (6) minutes of the June 14-15 FOMC meeting.
Russell 1000 companies reporting earnings today: Walgreens Boots Alliance (consensus $1.14), MSC Industrial Direct (1.00).
U.S. IPO's scheduled to price today: none.
Equity conferences this week include: none.


OVERNIGHT U.S. STOCK MOVERS
Netflix (NFLX +1.28%) fell over 2% in pre-market trading after it was downgraded to 'Underperform' from 'Hold' at Jeffries on subscriber growth concerns,
Royal Gold (RGLD +0.44%) was upgraded to 'Buy' from 'Neutral' at Dundee with a 12-month price target of $85.
Teledyne Technologies (TDY -1.64%) was downgraded to 'Neutral' from 'Buy' at CL King with a 12-month target price of $107.
Dow Chemical (DOW -1.57%) was downgraded to 'Underperform' from 'Outperform' at CLSA.
U.S. Steel (X -3.45%) was upgraded to 'Hold' from 'Sell' at Deutsche Bank.
Harley Davidson (HOG -10.84%) was downgraded to 'Neutral' from 'Buy' at UBS.
Newmont Mining (NEM +0.10%) and Coeur Mining (CDE +1.24%) both are up over 2% in pre-market trading as the price of gold climbed to a 2-1/3 year high.
Biogen (BIIB -1.24%) rose over 1% in after-hours trading on positive carryover from Tuesday's decision by the European Commission to approve Biogen and Abbvie's Zinbryta for treating relapsing forms of multiple sclerosis.
Ventas (VTR +0.83%) said it will acquire a group of medical and life-science properties from Blackstone Group LP for $1.5 billion.
Comcast (CMCSA -0.41%) dropped over 1% in after-hours trading on negative carryover from Tuesday's session when the company said it will incorporate Netflix's web-streaming services from Comcast cable boxes.
Tesla (TSLA -1.16%) slid over 1% in after-hours trading after the Detroit Free Press reported a Tesla Model X was in Autopilot mode when it crashed and rolled over on the Pennsylvania Turnpike on July 1.
Medivation (MDVN +2.73%) gained over 1% in after-hours trading after Reuters reported that it is in talks with Sanofi and other companies after it recently rejected a raised bid from Sanofi.
MARKET COMMENTS
September E-mini S&Ps (ESU16 -0.61%) this morning are down -14.00 points (-0.67%). Tuesday's closes: S&P 500 -0.68%, Dow Jones -0.61%, Nasdaq -0.60%. The S&P 500 on Tuesday closed lower on concern about Brexit fallout after Standard Life Investments suspended trading in its 2.9 billion pound ($3.9 billion) fund after seeing a surge in redemption requests. Stocks were also undercut by weakness in energy producers after crude oil prices plunged -4.9%.
Sep 10-year T-note prices (ZNU16 +0.18%) this morning are up +7.5 ticks at a 3-1/2 year nearest-futures high. Tuesday's closes: TYU6 +26.00. FVU6 +11.00. Sep T-notes on Tuesday rose to a 1-week high and closed higher, while the 10-year T-note yield fell to an all-time low of 1.354%. T-note prices were boosted by increased safe-haven demand with the sell-off in stocks and by carryover support from a rally in UK gilts and German bunds to all-time highs. T-note also received a boost from the slightly weaker-than-expected U.S. May factory orders of -1.0% (versus expectations of -0.9%).
The dollar index (DXY00 +0.04%) this morning is down -0.052 (-0.05%). EUR/USD (^EURUSD) is down -0.0006 (-0.05%). USD/JPY (^USDJPY) is down -1.41 (-1.39%) at a 1-week low. Tuesday's closes: Dollar Index +0.517 (+0.54%), EUR/USD -0.0078 (-0.70%), USD/JPY -0.82 (-0.80%). The dollar index on Tuesday recovered from a 1-week low and closed higher on the decline in GBP/USD to a 31-year low and on weakness in EUR/USD on concern over contagion of the Brexit crisis to the rest of Europe. The dollar was undercut by safe-haven demand for the yen as USD/JPY fell to a 1-week low.
Aug WTI crude oil (CLQ16 -1.33%) this morning is down -59 cents (-1.27%) at a 1-week low. Aug gasoline (RBQ16 -3.12%) is down -0.0360 (-2.52%) at a 2-3/4 month low. Tuesday's closes: CLQ6 -2.39 (-4.88%), RBQ6 -0.0848 (-5.60%). Aug crude and gasoline on Tuesday closed sharply lower with Aug gasoline at a 2-1/2 month low. Crude oil prices were undercut by the stronger dollar and by news that OPEC June oil production rose +240,000 bpd to a 5-month high of 32.88 million bpd.
GLOBAL EVENT CALENDAR07/06/2016
Wednesday, July 6, 2016
US0700 ETWeekly MBA mortgage applications, previous -2.6% with purchase sub-index -3.0% and refi sub-index -2.4%.
0830 ETMay trade balance expected -$40.0 billion, Apr -$37.4 billion.
0900 ETFed Governor Daniel Tarullo speaks at an event in Washington D.C. on financial regulation and monetary policy.
0945 ETRevised Jun Markit U.S. services PMI expected unchanged at 51.3, prelim-Jun unch at 51.3. Revised Jun Markit composite PMI, prelim-June +0.3 to 51.2.
1000 ETJun ISM non-manufacturing PMI expected +0.4 to 53.3, May -2.8 to 52.9.
1400 ETMinutes of the Jun 14-15 FOMC meeting.
Thursday, July 7, 2016
US0730 ETJun Challenger job cuts, May -26.5% y/y.
0815 ETJun ADP employment change expected +160,000, May +173,000.
0830 ETWeekly initial unemployment claims expected unch at 268,000, previous +10,000 to 268,000. Weekly continuing claims expected-10,000 to 2.110 million, previous 20,000 to 2.120 million.
1100 ETEIA Weekly Petroleum Status Report.
1100 ETTreasury announces amount of 3-year T-notes (previous $24 billion), 10-year T-notes (previous $20 billion), and 30-year T-bonds (previous $12 billion) to be auctioned Jul 11-13.
JPN0100 ETJapan May leading index CI expected unch at 100.00. May coincident index expected -1.7 to 110.3, Apr 112.0.
2000 ETJapan May labor cash earnings expected +0.5% y/y, Apr unch y/y. May real cash earnings, Apr +0.4% y/y.
GER0200 ETGerman May industrial production expected +0.1% m/m and +1.5% y/y, Apr +0.8% m/m and +1.2% y/y.
UK0330 ETUK Jun Halifax house prices expected +0.3% m/m and +7.8% 3-mo/y/y, May +0.6% m/m and +9.2% 3-mo/y/y.
0430 ETUK May industrial production expected -1.0% m/m and +0.5% y/y, Apr +2.0% m/m and +1.6% y/y.
0430 ETUK May manufacturing production expected -1.2% m/m and +0.4% y/y, Apr +2.3% m/m and +0.8% y/y.
U.S. STOCK CALENDAR07/06/2016
CompanyTickerTimeEvent DescriptionPeriodEstimate
MSC Industrial Direct Co IncMSMBef-mktQ3 2016 Earnings ReleaseQ3 20161.003
Walgreens Boots Alliance IncWBA7:00Q3 2016 Earnings ReleaseQ3 20161.138
Walgreens Boots Alliance IncWBA8:30Q3 2016 Earnings CallQ3 2016
MSC Industrial Direct Co IncMSM8:30Q3 2016 Earnings CallQ3 2016
Medivation IncMDVN16:30Business Update Call
Costco Wholesale CorpCOST21:00June 2016 Sales and Revenue Release2016
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Thursday, April 21, 2016

MORNING CALL 4/21

MORNING CALL
OVERNIGHT MARKETS AND NEWS
Jun E-mini S&Ps are little changed, up +0.04%, as they consolidate Wednesday's rally in the S&P 500 to a 4-1/2 month high. European stocks fell back from a 3-1/2 month high and are down -0.21% on long liquidation ahead of the results of today's ECB meeting and press conference from ECB President Draghi immediately after. Losses were contained as mining stocks and energy producers moved higher as the price of copper climbed to a 4-week high and the price of crude rose to a 5-1/4 month high. Asian stocks settled mostly higher: Japan +2.70%, Hong Kong +1.82%, China -0.66%, Taiwan +0.64%, Australia +1.09%, Singapore +0.37%, South Korea +0.86%, India +0.14%. Japan's Nikkei Stock Index posted a 2-1/2 month high as exporters rallied after the yen fell to a 2-week low against the dollar and on speculation that the BOJ may expand asset purchases at next week's policy meeting.
The dollar index is down -0.05%. EUR/USD is up +0.13%. USD/JPY is down -0.09%.
Jun T-note prices are down -3.5 ticks at a 3-week low as they were pressured from a fall in German bund prices to a 4-week low.

U.S. STOCK PREVIEW
Key U.S. news today includes: (1) weekly initial unemployment claims (expected +12,000 to 265,000, previous -13,000 to 253,000) and continuing claims (expected unch at 2.171 million, previous -18,000 to 2.171 million), (2) Mar Chicago Fed national activity index (expected +0.14 to -0.15, Feb-0.70 to -0.29), (3) Apr Philadelphia Fed business outlook survey (expected -3.4 to 9.0, Mar +15.2 to 12.4), (4) Feb FHFA house price index (expected +0.4% m/m, Jan +0.5% m/m), and (5) Mar leading indicators (expected +0.4%, Feb +0.1%), (6) the Treasury's auction of $16 billion of 5-year TIPS.
There are 36 of the S&P 500 companies that report earnings today with notable reports including: Alphabet (consensus $7.96), Microsoft (0.64), Visa (0.67), Starbucks (0.39), GM (0.99), Verizon (1.06), Under Armour (0.02), Johnson Controls (0.82), PulteGroup (0.20), Bank of NY Mellon (0.68), Fifth Third Bancorp (0.35), Rockwell Collins (1.28).
U.S. IPO's scheduled to price today: SecureWorks Corp (SCWX).
Equity conferences during the remainder of this week: none.
OVERNIGHT U.S. STOCK MOVERS
Newmont Mining (NEM -1.49%) rose nearly 3% in pre-market trading as copper rose toa 4-week high and after it reported Q1 adjusted EPS of 34 cents, higher than consensus of 18 cents.
American Express (AXP +2.28%) rose over 4% in pre-market trading after it reported Q1 EPS of $1.45, higher than consensus of $1.33.
Yum! Brands (YUM +0.49%) climbed nearly 4% in after-hours trading after it reported Q1 adjusted EPS of 95 cents, better than consensus of 83 cents.
Qualcomm (QCOM +0.50%) slid over 3% in pre-market trading after it reported Q2 adjusted EPS of $1.04, higher than consensus of 96 cents, but CEO Mollenkopf signaled that its largest customers may use secondary sources for chips for their smartphones going forward.
Las Vegas Sands (LVS -0.61%) lost 4% in after-hours trading after it reported Q1 adjusted EPS of 45 cents, well below consensus of 63 cents.
F5 Networks (FFIV +1.46%) gained over 4% in after-hours trading after it reported Q2 adjusted EPS of $1.68, higher than consensus of $1.63, and then raised guidance on Q3 adjusted EPS to $1.77-$1.80, higher than consensus of $1.74.
Mattel (MAT -2.57%) dropped over 8% in pre-market trading after it reported a Q1 adjusted loss of -13 cents, a wider loss than consensus of -7 cents.
Packaging Corp. of America (PKG -0.62%) gained 3% in after-hours trading it reported Q1 adjusted EPS of $1.11, above consensus of $1.01.
United Continental Holdings (UAL +0.95%) fell over 2% in after-hours trading after it reported Q1 adjusted EPS of $1.23, higher than consensus of $1.18, but said it sees Q2 passenger revenue per available seat mile (PRASM) falling 6.5%-8.5%.
Kinder Morgan (KMI -0.84%) fell over 1% in pre-market trading after it reported Q1 revenue of $3.2 billion, less than consensus of $3.76 billion.
Citrix Systems (CTXS +0.47%) rose over 6% in after-hours trading after it raised its fiscal-year adjusted EPS estimate to $4.90-$5.00, well above consensus of $4.71.
Tractor Supply (TSCO +0.49%) climbed over 5% in after-hours trading after it reported Q1 EPS of 50 cents, better than consensus of 46 cents.
United Rentals (URI -1.65%) slipped nearly 6% in after-hours trading after it lowered guidance on 2016 revenue to $5.6 billion-$5.8 billion from a January 27 estimate of $5.65 billion-$5.95 billion.
MARKET COMMENTS
June E-mini S&Ps this morning are up +0.75 of a point (+0.04%). Wednesday's closes: S&P 500 +0.08%, Dow Jones +0.24%, Nasdaq -0.01%. The S&P 500 on Wednesday climbed to a 5-1/2 month high and settled higher on the +5.1% increase in U.S. Mar existing home sales to 5.33 million (stronger than expectations of +3.9% to 5.28 million), strength in energy producers after crude oil rallied to a 4-3/4 month high, and mostly upbeat Q1 corporate earnings results thus far.
June 10-year T-note prices this morning are down -3.5 ticks at a fresh 3-week low. Wednesday's closes: TYM6 -19.50, FVM6 -12.00. Jun T-notes on Wednesday fell to a 3-week low and closed lower on the stronger-than-expected U.S. Mar existing home sales report, reduced safe-haven demand with the rally in stocks, and the rise in the 10-year T-note breakeven inflation expectations rate to a 2-week high.
The dollar index this morning is down -0.043 (-0.05%). EUR/USD is up +0.0015 (+0.13%). USD/JPY is down -0.10 (-0.09%). Wednesday's closes: Dollar Index +0.516 (+0.55%), EUR/USD -0.0061 (-0.54%), USD/JPY +0.65 (+0.58%). The dollar index on Wednesday closed higher on the larger-than-expected increase in U.S. Mar existing home sales, on strength in USD/JPY which rose to a 1-1/2 week high as a rally in stocks reduced the safe-haven demand for the yen, and on long liquidation in EUR/USD ahead of Thursday's ECB meeting.
June WTI crude oil is up +3 cents (+0.07%) at a new 5-1/4 month nearest-futures high. June gasoline is up +0.0061 (+0.40%). Wednesday's closes: CLM6 +1.71 (+4.03%), RBM6 +0.0287 (+1.92%). Jun crude and gasoline on Wednesday closed higher with Jun crude at a 4-3/4 month high. Metals prices were boosted by the -0.3% decline in U.S. crude production in the week ended Apr 15 to a 1-1/2 year low of 8.95 million bpd and by the -248,00 bbl decline in Cushing crude oil inventories. Crude oil prices were undercut by the stronger dollar and the end of the 3-day strike by Kuwaiti oil workers.
GLOBAL EVENT CALENDAR04/21/2016
US0830 ETWeekly initial unemployment claims expected +12,000 to 265,000, previous -13,000 to 253,000. Weekly continuing claims expected unch at 2.171 million, previous -18,000 to 2.171 million.
0830 ETMar Chicago Fed national activity index expected +0.14 to -0.15, Feb -0.70 to -0.29.
0830 ETApr Philadelphia Fed business outlook survey expected -3.4 to 9.0, Mar +15.2 to 12.4.
0830 ETUSDA weekly Export Sales.
0900 ETFeb FHFA house price index expected +0.4% m/m, Jan +0.5% m/m.
1000 ETMar leading indicators expected +0.4%, Feb +0.1%.
1100 ETTreasury announces amount of 2-year T-notes (previous $26 billion), 2-year floating-rate notes (previous $13 billion), 5-year T-notes (previous $34 billion) and 7-year T-notes (previous $28 billion) to be auctioned Apr 25-28).
1300 ETTreasury auctions $16 billion of 5-year TIPS.
UK0430 ETUK Mar retail sales ex-auto fuel expected -0.3% m/m and +3.8% y/y, Feb -0.2% m/m and +4.1% y/y.
0430 ETUK Mar retail sales including auto fuel expected -0.1% m/m and +4.4% y/y, Feb -0.4% m/m and +3.8% y/y.
0430 ETUK Mar public sector net borrowing expected +5.4 billion pounds, Feb +6.5 billion pounds.
EUR0745 ETECB announces interest rate decision.
0830 ETECB President Mario Draghi holds press conference following ECB meeting.
1000 ETEurozone Apr consumer confidence expected +0.6 to -9.3, Mar -0.9 to -9.7.
JPN2200 ETJapan Apr Nikkei manufacturing PMI expected +0.4 to 49.5, Mar 49.1.
U.S. STOCK CALENDAR04/21/2016
CompanyTickerTimeEvent DescriptionPeriodEstimate
Johnson Controls IncJCI USBef-mktQ2 2016 Earnings ReleaseQ2 20160.816
Nucor CorpNUE USBef-mktQ1 2016 Earnings ReleaseQ1 20160.27
PulteGroup IncPHM USBef-mktQ1 2016 Earnings ReleaseQ1 20160.201
PPG Industries IncPPG USBef-mktQ1 2016 Earnings ReleaseQ1 20161.301
Sherwin-Williams Co/TheSHW USBef-mktQ1 2016 Earnings ReleaseQ1 20161.619
Snap-on IncSNA USBef-mktQ1 2016 Earnings ReleaseQ1 20162.088
BB&T CorpBBT USBef-mktQ1 2016 Earnings ReleaseQ1 20160.643
Southwest Airlines CoLUV USBef-mktQ1 2016 Earnings ReleaseQ1 20160.837
Travelers Cos Inc/TheTRV USBef-mktQ1 2016 Earnings ReleaseQ1 20162.554
Stanley Black & Decker IncSWK USBef-mktQ1 2016 Earnings ReleaseQ1 20161.141
DR Horton IncDHI USBef-mktQ2 2016 Earnings ReleaseQ2 20160.463
Biogen IncBIIB USBef-mktQ1 2016 Earnings ReleaseQ1 20164.458
KeyCorpKEY USBef-mktQ1 2016 Earnings ReleaseQ1 20160.251
Quest Diagnostics IncDGX USBef-mktQ1 2016 Earnings ReleaseQ1 20161.119
Alliance Data Systems CorpADS USBef-mktQ1 2016 Earnings ReleaseQ1 20163.817
Danaher CorpDHR US6:00Q1 2016 Earnings ReleaseQ1 20161.029
Bank of New York Mellon Corp/TheBK US6:30Q1 2016 Earnings ReleaseQ1 20160.677
Fifth Third BancorpFITB US6:30Q1 2016 Earnings ReleaseQ1 20160.345
Rockwell Collins IncCOL US6:30Q2 2016 Earnings ReleaseQ2 20161.28
Dover CorpDOV US7:00Q1 2016 Earnings ReleaseQ1 20160.598
People's United Financial IncPBCT US7:00Q1 2016 Earnings ReleaseQ1 20160.213
Citizens Financial Group IncCFG US7:00Q1 2016 Earnings ReleaseQ1 20160.389
Under Armour IncUA US7:15Q1 2016 Earnings ReleaseQ1 20160.024
Verizon Communications IncVZ US7:30Q1 2016 Earnings ReleaseQ1 20161.055
General Motors CoGM US7:30Q1 2016 Earnings ReleaseQ1 20160.99
Bank of New York Mellon Corp/TheBK US8:00Q1 2016 Earnings CallQ1 2016
Danaher CorpDHR US8:00Q1 2016 Earnings CallQ1 2016
BB&T CorpBBT US8:00Q1 2016 Earnings CallQ1 2016
Stanley Black & Decker IncSWK US8:00Q1 2016 Earnings CallQ1 2016
Union Pacific CorpUNP US8:00Q1 2016 Earnings ReleaseQ1 20161.096
People's United Financial IncPBCT US8:00Q1 2016 Earnings CallQ1 2016
Verizon Communications IncVZ US8:30Q1 2016 Earnings CallQ1 2016
PulteGroup IncPHM US8:30Q1 2016 Earnings CallQ1 2016
Biogen IncBIIB US8:30Q1 2016 Earnings CallQ1 2016
Quest Diagnostics IncDGX US8:30Q1 2016 Earnings CallQ1 2016
Alliance Data Systems CorpADS US8:30Q1 2016 Earnings CallQ1 2016
Under Armour IncUA US8:30Q1 2016 Earnings CallQ1 2016
Union Pacific CorpUNP US8:45Q1 2016 Earnings CallQ1 2016
Travelers Cos Inc/TheTRV US9:00Q1 2016 Earnings CallQ1 2016
Fifth Third BancorpFITB US9:00Q1 2016 Earnings CallQ1 2016
Citizens Financial Group IncCFG US9:00Q1 2016 Earnings CallQ1 2016
Rockwell Collins IncCOL US9:00Q2 2016 Earnings CallQ2 2016
Yum! Brands IncYUM US9:15Q1 2016 Earnings CallQ1 2016
AES Corp/VAAES US9:30Annual General Meeting
Dover CorpDOV US10:00Q1 2016 Earnings CallQ1 2016
Newmont Mining CorpNEM US10:00Q1 2016 Earnings CallQ1 2016
Citigroup IncC US10:00Q1 2016 Earnings Call - Fixed IncomeC1 2016
Snap-on IncSNA US10:00Q1 2016 Earnings CallQ1 2016
Texas Instruments IncTXN US10:00Annual General Meeting
DR Horton IncDHI US10:00Q2 2016 Earnings CallQ2 2016
People's United Financial IncPBCT US10:00Annual General MeetingY 2016
KeyCorpKEY US10:00Q1 2016 Earnings CallQ1 2016
Regions Financial CorpRF US10:00Annual General MeetingY 2016
General Motors CoGM US10:00Q1 2016 Earnings CallQ1 2016
Humana IncHUM US10:30Annual General MeetingY 2016
United Continental Holdings IncUAL US10:30Q1 2016 Earnings CallQ1 2016
Johnson Controls IncJCI US11:00Q2 2016 Earnings CallQ2 2016
PPG Industries IncPPG US11:00Annual General MeetingY 2016
Sherwin-Williams Co/TheSHW US11:00Q1 2016 Earnings CallQ1 2016
JB Hunt Transport Services IncJBHT US11:00Annual General Meeting
United Rentals IncURI US11:00Q1 2016 Earnings CallQ1 2016
Southwest Airlines CoLUV US12:30Q1 2016 Earnings CallQ1 2016
Nucor CorpNUE US14:00Q1 2016 Earnings CallQ1 2016
PPG Industries IncPPG US14:00Q1 2016 Earnings CallQ1 2016
SL Green Realty CorpSLG US14:00Q1 2016 Earnings CallQ1 2016
Huntington Bancshares Inc/OHHBAN US15:00Annual General Meeting
Norfolk Southern CorpNSC US16:15Q1 2016 Earnings ReleaseQ1 20160.972
Norfolk Southern CorpNSC US16:30Q1 2016 Earnings CallQ1 2016
Hanesbrands IncHBI US16:30Q1 2016 Earnings CallQ1 2016
Alphabet IncGOOGL US16:30Q1 2016 Earnings CallQ1 2016
Starbucks CorpSBUX US17:00Q2 2016 Earnings CallQ2 2016
E*TRADE Financial CorpETFC US17:00Q1 2016 Earnings CallQ1 2016
Visa IncV US17:00Q2 2016 Earnings CallQ2 2016
Schlumberger LtdSLB USAft-mktQ1 2016 Earnings ReleaseQ1 20160.39
Southwestern Energy CoSWN USAft-mktQ1 2016 Earnings ReleaseQ1 2016-0.215
Microsoft CorpMSFT USAft-mktQ3 2016 Earnings ReleaseQ3 20160.638
Starbucks CorpSBUX USAft-mktQ2 2016 Earnings ReleaseQ2 20160.39
E*TRADE Financial CorpETFC USAft-mktQ1 2016 Earnings ReleaseQ1 20160.329
Crown Castle International CorpCCI USAft-mktQ1 2016 Earnings ReleaseQ1 20161.038
Hanesbrands IncHBI USAft-mktQ1 2016 Earnings ReleaseQ1 20160.219
Visa IncV USAft-mktQ2 2016 Earnings ReleaseQ2 20160.667
Alphabet IncGOOGL USAft-mktQ1 2016 Earnings ReleaseQ1 20167.963
Microsoft CorpMSFT US17:30Q3 2016 Earnings CallQ3 2016
Intuitive Surgical IncISRG US18:00Annual General Meeting
Kraft Heinz Co/TheKHC USAnnual General Meeting
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