Showing posts with label RKUS. Show all posts
Showing posts with label RKUS. Show all posts

Tuesday, October 6, 2015

BARCHART MORNING CALL 10/6

OVERNIGHT MARKETS AND NEWS
December E-mini S&Ps (ESZ15 -0.32%) are down -0.15% as prices consolidate following Monday's sharp rally to a 2-week high. European stocks are up +0.61% at a 2-week high after German Aug factory orders unexpectedly fell and bolstered speculation the ECB may expand monetary stimulus. Gains were limited as basic resource companies and energy producers fell after the price of copper and crude oil declined. Asian stocks settled mostly higher: Japan +1.00%, Hong Kong -0.10%, China closed for holiday, Taiwan +0.50%, Australia +0.33%, Singapore +1.62%, South Korea +0.92%, India +0.55%. Japan's Nikkei Stock Index rallied up to a 2-week high on the prospects for increased trade after Japan, the U.S. and other Pacific-rim countries that make up nearly 40% of the world economy finalized the Trans-Pacific Partnership agreement on Monday. If lawmakers in each country approve the accord, it will guarantee intellectual property rights for drugmakers and reduce tariffs on goods from food to cars and should boost the prospects for increase global trade.
The dollar index (DXY00 -0.23%) is down -0.20%. EUR/USD (^EURUSD) is up +0.25%. USD/JPY (^USDJPY) is down -0.08%.
Dec T-note prices (ZNZ15 +0.11%) are up +1 tick.
German Aug factory orders unexpectedly fell -1.8% m/m, weaker than expectations of +0.5% m/m. On an annual basis, Aug factory orders rose +1.9% y/y, weaker than expectations of +5.6% y/y.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) Aug U.S. trade deficit (expected -$48.0 billion, Jul -$41.86 billion), (2) Kansas City Fed President Esther George's appearance as keynote speaker at “The Faster Payments Imperative: Transforming the Market” at an event in Chicago, (3) the Treasury's auction of $24 billion of 3-year T-notes, (4) San Francisco Fed President John Williams' speech to the Urban Land Institute, and (5) the IMF's release of its World Economic Outlook.
There are two of the Russell 2000 companies report earnings today: Pepsico (consensus $1.26), Yum Brands (1.06).
U.S. IPO's scheduled to price today: Pure Storage (PSIG), Aclaris Therapeutics (ACRS).
Equity conferences during the remainder of this week include: The China-Russia E-Commerce Summit on Mon, Oil & Money Conference on Tue, Barclays Select Series Biosimilars Symposium on Wed, Capital Link Shipping Marine Services and Offshore Forum on Wed, and Goldman Sachs EMEA Leveraged Finance Conference on Thu.


OVERNIGHT U.S. STOCK MOVERS
Comerica (CMA +1.61%) was cut to 'Neutral' from 'Overweight' at JPMorgan Chase.
Pepsico (PEP +1.75%) climbed nearly 3% in pre-market trading after it reported Q3 EPS of $1.35, higher than consensus of $1.26.
Greatbatch (GB -0.14%) lowered guidance on fiscal 2015 sales to $685 million-$695 million, weaker than consensus of $714.7 million.
DuPont (DD +4.10%) rose 4% in pre-market trading after the company said Edward Breen will replace Ellen Kullman as chairman and CEO.
PMC-Sierra (PMCS +3.50%) surged 32% in pre-market trading after Skywork Solutions agreed to buy the company for $2 billion.
Computer Sciences Corp. (CSC +1.39%) said it will acquire Australia's UXC for $428 million.
Haemonetics (HAE -2.17%) tumbled over 12% in after-hours trading after it lowered guidance on fiscal 2015 adjusted EPS to $1.65-$1.75 from a Jul projection of $1.98-$2.08, well below consensus of $2.02.
Petrobras (PBR +5.39%) said it will cut its 2015 operating expenses forecast to $29 billion from $30 billion and cut its 2016 operating expenses forecast to $21 billion from $27 billion.
Ruckus Wireless (RKUS +4.25%) climbed 4% in after-hours trading when it was announced the company will join the S&P Smallcap 600 Index as of the close of trading on Wednesday, October 7.
Regulus Therapeutics (RGLS +0.77%) surged over 20% in after-hours trading after it presented new data that demonstrated a favorable pre-clinical profile for its RG-012 drug in treatment of Alport syndrome, a life-threatening genetic kidney disease.
Ilumina (ILMN -0.27%) slumped over 15% in after-hours trading after it lowered guidance on Q3 revenue to $550 million, below consensus of $569.1 million, and also lowered guidance on its Q4 revenue estimate to $570 million, weaker than consensus of $603.2 million.
The Container Store Group (TCS +2.84%) fell 4% in after-hours trading after it reported Q2 adjusted EPS of 6 cents, below consensus of 7 cents.
MARKET COMMENTS
Dec E-mini S&Ps (ESZ15 -0.32%) this morning are down -3.00 points. Monday's closes: S&P 500 +1.83%, Dow Jones +1.85%, Nasdaq +1.50%. The S&P 500 on Monday climbed to a 2-week high and closed sharply higher on carryover support from Friday's weaker-than-expected U.S. Sep payrolls report that pushed back Fed interest rate increase expectations from this year into Q1 of 2016 at the earliest. In addition, basic-resource stocks and energy producers rallied as the price of copper and crude oil moved higher. Stocks were able to shake off the -2.1 point decline in the Sep ISM non-manufacturing PMI, which was weaker than expectations of -1.5 to 57.5.
Dec 10-year T-notes (ZNZ15 +0.11%) this morning are up +1 tick. Monday's closes: TYZ5 -16.50, FVZ5 -9.50. Dec T-notes on Monday closed lower on the rally in the S&P 500 to a 2-week high, which reduced the safe-haven demand for T-notes, and on an increase in inflation expectations after the 10-year T-note breakeven rate rose to a 1-week high.
The dollar index (DXY00 -0.23%) this morning is down -0.194 (-0.20%). EUR/USD (^EURUSD)is up +0.0028 (+0.25%). USD/JPY (^USDJPY) is down-0.10 (-0.08%). Monday's closes: Dollar Index +0.276 (+0.29%), EUR/USD -0.0020 (-0.25%), USD/JPY +0.55 (+0.46%). The dollar index on Monday closed higher on strength in USD/JPY after a rally in stocks reduced the safe-haven demand for the yen. In addition, EUR/USD saw weakness on the downward revision in the Eurozone Sep Markit composite PMI and the decline in Eurozone Oct Sentix investor confidence to a 9-month low, which bolstered speculation the ECB may expand stimulus.
Nov crude oil (CLX15 -0.69%) this morning is down -11 cents (-0.24%) and Nov gasoline (RBX15 -0.15%) is up (+0.36%). Monday's closes: CLX5 +0.72 (+1.58%), RBX5 +0.0441 (+3.29%). Nov crude oil and gasoline on Monday closed higher on last Friday's Baker Hughes report showing that the number of active U.S. oil rigs as of Oct 2 fell -26 to a 5-year low of 614 rigs. Crude oil also closed higher on the escalation of Middle Eastern hostilities after Russian fighter jets flew into Turkish airspace and Turkey warned it would protect its airspace "at any cost."
GLOBAL EVENT CALENDAR10/06/2015
US0830 ETAug trade balance expected -$48.0 billion, Jul -$41.86 billion.
0915 ETKansas City Fed President Esther George is keynote speaker at The Faster Payments Imperative: Transforming the Market at an event in Chicago.
1300 ETTreasury auctions $24 billion of 3-year T-notes.
1730 ETSan Francisco Fed President John Williams delivers an outlook speech to the Urban Land Institute.
n/aIMF releases its World Economic Outlook.
GER0200 ETGerman Aug factory orders expected +0.5% m/m and +5.6% y/y, Jul -1.4% m/m and -0.6% y/y.
UK0400 ETUK Sep new car registrations, Aug +9.6% y/y.
1901 ETUK Sep BRC shop price index, Aug -1.4% y/y.
EUR1300 ETECB President Mario Draghi speaks at an event organized by the ECB in Frankfurt.
U.S. STOCK CALENDAR10/06/2015

CompanyTickerTimeEvent DescriptionPeriodEstimate
PepsiCo IncPEP US6:30Q3 2015 Earnings ReleaseQ3 20151.263
PepsiCo IncPEP US8:00Q3 2015 Earnings CallQ3 2015
Premier IncPINC US9:00Investor DayY 2015
Microsoft CorpMSFT US10:00Special Media Event: Windows 10 Devices
Digital Realty Trust IncDLR US10:00Investor DayY 2015
Digital Realty Trust IncDLR US13:00Investor Day - Afternoon SessionY 2015
Adobe Systems IncADBE US17:00Analyst MeetingY 2015
Yum! Brands IncYUM USAft-mktQ3 2015 Earnings ReleaseQ3 20151.06
Altera CorpALTR US17:30Extraordinary Shareholders Meeting
McDonald's CorpMCD USMcDonald's Corp. Begins Offering All-Day Breakfast in U.S. Locations
Altera CorpALTR USSpecial Meeting - M&A Vote
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Tuesday, May 7, 2013

Barchart Moring Call 5/7


Tuesday, May 7th, 2013>>View Older Reports
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OVERNIGHT MARKETS AND NEWS
June E-mini S&Ps (ESM13 +0.11%) this morning are up +0.12% at another fresh record high. European stocks rose +0.64% to a 1-3/4 year high after German factory orders unexpectedly increased. Another positive for global stocks was the action by the Reserve Bank of Australia to cut its benchmark interest rate by 25 bp. Portugal's 10-year government bond yield slipped to 5.44%, the lowest in 2-3/4 years as the country readies the markets for a sale of 3 billion euros of 10-year government bonds, its first sale of a new bond since it asked for a bailout 2 years ago. Asian stocks closed mixed: Japan +3.55%, Hong Kong +0.58%, China +0.16%, Taiwan -0.07%, Australia -0.24%, Singapore +0.03%, South Korea -0.53%, India +1.09%. Commodity prices are mixed. June WTI crude oil (CLM13 -0.52%) is down -0.48%. June gasoline (RBM13 -0.43%) is down -0.45%, June natural gas (NGM13 -0.97%) is down -0.62%, June gold (GCM13 -0.35%) is down -0.54%, July copper (HGN13 -0.30%) is down -0.20%. Agriculture prices are higher. The dollar index (DXY00 -0.24%) is lower by -0.24%. EUR/USD (^EURUSD) is up +0.40%. USD/JPY (^USDJPY) is down -0.08%. June 10-year T-note futures prices (ZNM13 -0.02%) are little changed, down -0.5 of a tick.
German Mar factory orders unexpectedly climbed +2.2% m/m, stronger than expectations for a -0.5% m/m decline, while factory orders fell -0.4% y/y, better than expectations for a -2.9% y/y decline.
The UK April BRC shop price index weakened to a +0.4% increase from a +1.4% gain in March.
The UK April Lloyds employment confidence improved slightly to -41 from -45 in March.
The Reserve Bank of Australia (RBA) cut its benchmark interest rate by 25 bp to a record low 2.75% and RBA Governor Stevens said "The board has previously noted that the inflation outlook would afford scope to ease further and that a further decline in the cash rate was appropriate to encourage sustainable growth in the economy."
U.S. STOCK PREVIEW
Today’s March consumer credit report is expected to show an increase of +$15.5 billion, adding to the increase of +$18.139 billion seen in February. The Treasury today will sell $32 billion in 3-year T-notes to kick off this week's $72 billion quarterly refunding operation. There are 22 of the S&P 500 companies that report earnings today. Notable earnings reports include Emerson Electric (consensus $0.78), McKesson (2.31), Disney (0.77), Marathon Oil (0.72), Electronic Arts (0.58), Whole Foods (0.73), Williams Companies (0.24), Symantec (0.38).
Conferences during the remainder of this week include American Gas Association (AGA) Financial Forum on Mon, Mizuho Securities USA Healthcare Access Day on Tue, Barclays Chemical ROC Star Conference on Tue, Robert W. Baird Growth Stock Conference on Tue-Thu, Jefferies Global Technology, Media and Telecom Conference on Tue-Thu, ISI Bermuda Energy Conference on Wed, 17th Annual International Cash and Treasury Management Conference on Wed-Thu, Wells Fargo Industrial and Construction Conference on Wed-Thu, Skybridge Alternatives Conference (SALT)-Las Vegas on Wed-Thu, Sanford C. Bernstein & Co IT Services Conference on Thu.
OVERNIGHT U.S. STOCK MOVERS
Fossil (FOSL +0.71%) reported Q1 EPS of $1.08, better than consensus of 97 cents.
NRG Energy (NRG +0.11%) reported a Q1 EPS loss of -37 cents, wider than consensus of a -29 cent loss.
Discovery Communications (DISCA -0.24%) reported Q1 EPS of 63 cents, weaker than consensus of 64 cents.
According to an AP report, the Senate late Monday passed a bill allowing states to collect a tax on Internet purchases.
DCP Midstream (DPM +0.23%) reported Q1 adjusted EPS of 63 cents, below consensus of 64 cents.
Mindray Medical (MR +1.93%) reported Q1 adjusted EPS of 53 cents, much better than consensus of 41 cents.
Vantiv (VNTV -0.43%) reported Q1 adjusted EPS of 31 cents, better than consensus of 30 cents.
Alleghany (Y +1.83%) reported Q1 EPS of $11.67, well ahead of consensus of $8.01.
Chico's FAS (CHS -0.98%) was initiated with an "Outperform" at Wells Fargo with a price range of $20 to $22 a share.
Frontier Communications (FTR +1.49%) reported Q1 EPS of 5 cents, lower than consensus of 6 cents.
Ruckus Wireless (RKUS +5.15%) reported Q1 adjusted EPS of 3 cents, weaker than consensus of 4 cents.
Scotts Miracle-Gro (SMG +1.64%) reported Q2 EPS of $1.60, well below consensus of $2.00.
First Solar (FSLR +3.67%) fell 3% in after-hours ttrading after it reported Q1 EPS of 69 cents, below consensus of 75 cents. The stock then recovered all of its losses and moved up over 1% when it reaffirmed its guidance for fiscal 2012 and announced a reduction in its work force of about 150 employees.
Norwegian Cruise Line (NCLH +0.92%) reported Q1 adjusted EPS of 6 cents, double the consensus of 3 cents.
Anadarko (APC +1.18%) reported Q1 EPS ex-items $1.08, stronger than consensus of 94 cents.
Matson (MATX +0.29%) reported Q1 EPS of 21 cents, better than consensus of 15 cents.
MARKET COMMENTS
June E-mini S&Ps (ESM13 +0.11%) this morning are up +2.00 points (+0.12%) at a new record high. The S&P 500 index on Monday posted a fresh record high and closed higher. Stocks found carry-over support from last Friday's gains after U.S. employment in April rose more than expected. Also, stocks continue to receive a boost from strong earnings results as 73% of the 407 S&P 500 companies that have reported Q1 earnings results thus far have beaten expectations. Closes: S&P 500 +0.19%, Dow Jones -0.03%, Nasdaq 100 +0.37%.
June 10-year T-notes (ZNM13 -0.02%) this morning are little changed, down -0.5 of a tick. June 10-year T-note futures prices on Monday closed lower. T-notes added to Friday's losses and posted a fresh 3-week low as stronger equities reduced the safe-haven demand for Treasuries, along with supply pressures ahead of this week's May refunding of $72 billion of T-notes and T-bonds that begins Tuesday with the Treasury's $32 billion 3-year T-note auction. Closes: TYM3 -6.0, FVM3 -2.75.
The dollar index (DXY00 -0.24%) this morning is lower by -0.201 (-0.24%). EUR/USD (^EURUSD) is up +0.0052 (+0.40%) and USD/JPY (^USDJPY) is down -0.08 (-0.08%). The dollar index on Monday closed higher. EUR/USD was knocked lower after comments from ECB Executive Board member Coeure who said the ECB is ready to cut interest rates further if the economic outlook in the Eurozone worsens. USD/JPY rallied up to a 1-week high as the yen weakened after stock market strength reduced the safe-haven demand for the yen. Closes: Dollar index +0.190 (+0.23%), EUR/USD -0.00406 (-0.31%), USD/JPY +0.326 (+0.33%).
June WTI crude oil (CLM13 -0.52%) this morning is down -46 cents a barrel (-0.48%). June gasoline (RBM13 -0.43%) is down -1.28 cents per gallon (-0.45%). June crude oil and gasoline on Monday rallied sharply in overnight trade after Israel made several air strikes in Syria over the weekend, but prices fell back from their best levels on speculation there won't be much effect on oil flow through the Middle East. Another negative factor that pulled Jun crude off of a 1-month high was the stronger dollar. Closes: CLM3 +0.55 (+0.58%), RBM3 +0.0403 (+1.43%).
GLOBAL EVENT CALENDAR05/07/2013
US1300 ETTreasury auctions $32 billion 3-year T-notes.
1500 ETMar consumer credit expected +$15.5 billion, Feb +$18.139 billion.
1630 ETAPI weekly U.S. oil statistics.
GER0600 ETGerman Mar factory orders (sa) expected -0.5% m/m and -2.9% y/y, Feb +2.3% m/m and unch y/y (nsa).
CHIn/aChina Apr trade balance expected +$15.5 billion, Mar -$0.88 billion. Apr exports expected +10.0% y/y, Mar +10.0% y/y. Apr imports expected +13.0% y/y, Mar +14.1% y/y.
U.S. STOCK CALENDAR05/07/2013
Company NameSymbolTimeEvent DescriptionPeriodEPS Est (US$)
DIRECTVDTV USBef-mktQ1 2013 Earnings ReleaseQ1 20131.095
Health Care REIT IncHCN USBef-mktQ1 2013 Earnings ReleaseQ1 20130.904
Emerson Electric CoEMR USBef-mktQ2 2013 Earnings ReleaseQ2 20130.781
NRG Energy IncNRG USBef-mktQ1 2013 Earnings ReleaseQ1 2013-0.294
Molson Coors Brewing CoTAP USBef-mktQ1 2013 Earnings ReleaseQ1 20130.343
International Flavors & Fragrances IncIFF USBef-mktQ1 2013 Earnings ReleaseQ1 20131.132
FirstEnergy CorpFE USBef-mktQ1 2013 Earnings ReleaseQ1 20130.686
Fossil IncFOSL USBef-mktQ1 2013 Earnings ReleaseQ1 20130.969
Discovery Communications IncDISCA US7:00Q1 2013 Earnings ReleaseQ1 20130.645
Perrigo CoPRGO US8:00Q3 2013 Earnings ReleaseQ3 20131.444
Discovery Communications IncDISCA US8:30Q1 2013 Earnings CallQ1 2013
EOG Resources IncEOG US9:00Q1 2013 Earnings CallQ1 2013
NRG Energy IncNRG US9:00Q1 2013 Earnings CallQ1 2013
Fossil IncFOSL US9:00Q1 2013 Earnings CallQ1 2013
Anadarko Petroleum CorpAPC US10:00Q1 2013 Earnings CallQ1 2013
Baxter International IncBAX US10:00Annual General MeetingY 2013
Health Care REIT IncHCN US10:00Q1 2013 Earnings CallQ1 2013
Boston Scientific CorpBSX US10:00Annual General MeetingY 2013
Vornado Realty TrustVNO US10:00Q1 2013 Earnings CallQ1 2013
Gannett Co IncGCI US10:00Annual General MeetingY 2013
Perrigo CoPRGO US10:00Q3 2013 Earnings CallQ3 2013
International Flavors & Fragrances IncIFF US10:00Q1 2013 Earnings CallQ1 2013
Molson Coors Brewing CoTAP US11:00Q1 2013 Earnings CallQ1 2013
Kinder Morgan Inc/DEKMI US11:00Annual General MeetingY 2013
Cliffs Natural Resources IncCLF US11:30Annual General MeetingY 2013
Sigma-Aldrich CorpSIAL US12:00Annual General MeetingY 2013
Wynn Resorts LtdWYNN US13:00Annual General MeetingY 2013
FirstEnergy CorpFE US13:00Q1 2013 Earnings CallQ1 2013
DIRECTVDTV US14:00Q1 2013 Earnings CallQ1 2013
Emerson Electric CoEMR US14:00Q2 2013 Earnings CallQ2 2013
Molson Coors Brewing CoTAP US14:00Q1 2013 Earnings Call - Follow-Up SessionC1 2013
Murphy Oil CorpMUR US15:00Analyst MeetingY 2013
Danaher CorpDHR US15:00Annual General MeetingY 2013
Mondelez International IncMDLZ US16:00Q1 2013 Earnings ReleaseQ1 20130.334
McKesson CorpMCK US16:00Q4 2013 Earnings ReleaseQ4 20132.308
CA IncCA US16:15Q4 2013 Earnings ReleaseQ4 20130.553
Walt Disney Co/TheDIS US16:15Q2 2013 Earnings ReleaseQ2 20130.77
CH Robinson Worldwide IncCHRW US16:15Q1 2013 Earnings ReleaseQ1 20130.685
CA IncCA US16:30Q4 2013 Earnings CallQ4 2013
Mondelez International IncMDLZ US17:00Q1 2013 Earnings CallQ1 2013
DaVita HealthCare Partners IncDVA US17:00Q1 2013 Earnings CallQ1 2013
McKesson CorpMCK US17:00Q4 2013 Earnings CallQ4 2013
Walt Disney Co/TheDIS US17:00Q2 2013 Earnings CallQ2 2013
Electronic Arts IncEA US17:00Q4 2013 Earnings CallQ4 2013
Whole Foods Market IncWFM US17:00Q2 2013 Earnings CallQ2 2013
TripAdvisor IncTRIP US17:00Q1 2013 Earnings CallQ1 2013
BMC Software IncBMC US17:00Q4 2013 Earnings CallQ4 2013
CH Robinson Worldwide IncCHRW US17:00Q1 2013 Earnings CallQ1 2013
Symantec CorpSYMC US17:00Q4 2013 Earnings CallQ4 2013
DaVita HealthCare Partners IncDVA USAft-mktQ1 2013 Earnings ReleaseQ1 20131.797
Marathon Oil CorpMRO USAft-mktQ1 2013 Earnings ReleaseQ1 20130.719
Electronic Arts IncEA USAft-mktQ4 2013 Earnings ReleaseQ4 20130.575
Whole Foods Market IncWFM USAft-mktQ2 2013 Earnings ReleaseQ2 20130.729
Williams Cos Inc/TheWMB USAft-mktQ1 2013 Earnings ReleaseQ1 20130.24
TripAdvisor IncTRIP USAft-mktQ1 2013 Earnings ReleaseQ1 20130.468
Symantec CorpSYMC USAft-mktQ4 2013 Earnings ReleaseQ4 20130.381
United Parcel Service IncUPS USRoadshow - MontrealY 2013
United Parcel Service IncUPS USRoadshow - Kansas CityY 2013
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