MORNING CALL 8/3

MORNING CALL

Wednesday, August 3rd, 2016View Older Reports

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OVERNIGHT MARKETS AND NEWS

Sep E-mini S&Ps (ESU16 -0.22%) are down -0.20% ahead of data on U.S. Jul ADP employment. Losses in U.S. stock index futures were limited as energy producing stocks rose as the price of crude oil (CLU16 +0.38%) climbed +0.51% after API data late yesterday showed U.S. oil inventories fell by -1.34 million bbl. European stocks are down -0.01% at a 3-week low as automakers fell after tire manufacturer Continental AG dropped over 1% when it reported Q2 revenue that was below expectations. Losses in European stocks were contained after the Eurozone Jul Markit composite PMI unexpectedly accelerated to the highest in six months. Activity in European trading was muted ahead of tomorrow's BOE policy meeting that is expected to show the BOE boosting easing measures to contain the Brexit fallout. Asian stocks settled mostly lower: Japan -1.88%, Hong Kong -1.76%, China +0.24%, Taiwan -0.74%, Australia-1.35%, Singapore -1.02%, South Korea -1.30%, India -1.02%. Chinese stocks closed higher after brokerage-related stocks rallied after people familiar with the matter said that China's futures exchange is planning to relax trading restrictions it implemented last year after China's stock market rout. Japan's Nikkei Stock Index fell to a 3-week low as exporter stocks sold-off when USD/JPY tumbled to a 3-week low on disappointment over the size of Prime Minister Abe's stimulus package.

The dollar index (DXY00 +0.20%) is up +0.20%. EUR/USD (^EURUSD) is down -0.20%. USD/JPY (^USDJPY) is up +0.36%.

Sep T-note prices (ZNU16 -0.01%) are down -1 tick.

The Eurozone Jul Markit composite PMI was revised upward to 53.2 from the originally reported 52.9, the fastest pace of expansion in 6 months.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) weekly MBA mortgage applications (previous -11.2% with purchase sub-index -3.3% and refi sub-index -15.1%), (2) Jul ADP employment (expected +170,000, Jun +172,000), (3) revised-Jul Markit services PMI (expected +0.1 to 51.0, prelim-Jul -0.5 to 50.9), (4) Jul ISM non-manufacturing PMI (expected -0.5 to 56.0, Jun +3.6 to 56.5), (5) EIA Weekly Petroleum Status Report.

There are 29 of the S&P 500 companies that report earnings today with notable reports including: Time Warner (consensus $1.17), Marathon Oil (-0.25), Allstate (0.58), ICE (3.38), Humana (2.28), Prudential Financial (2.50), MetLife (1.35), First Solar (0.54). TripAdvisor (0.42).

U.S. IPO's scheduled to price today: At Home Group (HOME), Atomera (ATMR)

Equity conferences this week include: Wells Fargo Services Conference on Wed-Thu.

OVERNIGHT U.S. STOCK MOVERS

American International Group (AIG -0.13%) gained over 2% in pre-market trading after it reported Q2 operating EPS of 98 cents, higher than consensus of 92 cents, and then said it will add up to $3 billion to its stock buyback plan.

Verisk Analytics (VRSK -1.34%) lost over 4% in after-hours trading after it reported Q2 adjusted EPS continuing operations of 73 cents, below consensus of 76 cents.

Hanesbrands (HBI -3.39%) fell nearly 5% in after-hours trading after it reported Q2 adjusted EPS of 51 cents, weaker than consensus of 52 cents.

Phillips 66 (PSX +2.55%) was upgraded to 'Outperform' from 'Market Perform' at Cowen.

Fitbit (FIT -3.87%) rose over 5% in after-hours trading after it reported Q2 adjusted EPS of 12 cents, above consensus of 11 cents.

Qorvo (QRVO -3.18%) slid over 7% in after-hours trading after it reported fiscal-year Q1 gross margin of 48.2%, weaker than consensus of 50% and then said it sees fiscal-year Q2 gross margin of 47%, below consensus of 50.3%.

Community Health Systems (CYH -3.02%) dropped over 12% in after-hours trading after it reported Q2 adjusted EPS continuing operations of 9 cents, well below consensus of 56 cents, and then lowered its view of 2016 EPS continuing operations to $1.40-$1.90 from a prior view of $2.50-$2.80.

Hudson Technologies (HDSN +7.41%) gained over 3% in after-hours trading after it reported Q2 EPS of 14 cents, higher than consensus of 11 cents.

Oclaro (OCLR -3.99%) rose over 9% in after-hours trading after it reported Q4 adjusted EPS of 11 cents, better than consensus of 6 cents, and then forecast Q1 revenue of $126 million-$134 million, above consensus of $118.6 million.

Stone Energy (SGY -1.16%) sank 20% in after-hours trading after it reported a Q2 adjusted loss of -$7.45, a bigger loss than consensus of -$6.12.

Big 5 Sporting Goods (BGFV +1.65%) climbed nearly 10% in after-hours trading after it reported Q2 net sales of $241.4 million, above consensus of $239 million.

ZAGG Inc. (ZAGG -0.31%) jumped over 11% in after-hours trading after it reported Q2 adjusted EPS of 11 cents, well above consensus of 2 cents.

Cray (CRAY -0.92%) plunged 20% in after-hours trading after it reported a Q2 adjusted EPS loss of -29 cents, a wider loss than consensus of -2 cents, and then cut its fiscal 2016 revenue estimate to in the range of $650 million, well below consensus of $796 million.

MARKET COMMENTS

Sep E-mini S&Ps (ESU16 -0.22%) this morning are down -4.25 points (-0.20%). Tuesday's closes: S&P 500 -0.64%, Dow Jones -0.49%, Nasdaq -0.77%. The S&P on Tuesday tumbled to a 2-1/2 week low and closed lower on the weaker-than-expected +0.2% increase in U.S. Jun personal income (vs expectations of +0.3%) and weakness in energy producers due to the -1.37% drop in crude oil prices to a new 3-1/2 month low. Stocks were also undercut by long liquidation pressures after the +9.4% rally in the S&P 500 over the past month to Monday's all-time high.

Sep 10-year T-notes (ZNU16 -0.01%) this morning are down -1 tick. Tuesday's closes: TYU6 -8.00, FVU6 -3.00. Sep T-notes on Tuesday closed lower on negative carry-over from a slide in German bund prices after Eurozone Jun PPI rose more than expected and the +0.4% increase in U.S. Jun personal spending (stronger than expectations of +0.3%).

The dollar index (DXY00 +0.20%) this morning is up +0.187 (+0.20%). EUR/USD (^EURUSD) is down -0.0023 (-0.20%). USD/JPY (^USDJPY) is up +0.36 (+0.36%). Tuesday's closes: Dollar index -0.649 (-0.68%), EUR/USD +0.0061 (+0.55%), USD/JPY -1.50 (-1.46%). The dollar index on Tuesday dropped to a 1-1/4 month low and closed lower on strength in EUR/USD which rallied to a 1-1/4 month high after Eurozone Jun PPI rose +0.7% m/m, the largest monthly increase in 3-3/4 years, perhaps keeping the ECB from expanding stimulus measures. In addition, USD/JPY fell to a 3-week low on a yen rally generated by some disappointment that the Japanese government announced only 4.6 trillion yen ($45 billion) in extra spending for the current fiscal year as part of its fiscal stimulus package.

Sep WTI crude oil (CLU16 +0.38%) this morning is up +20 cents (+0.51%) and Sep gasoline (RBU16 -0.41%) is down -0.0037 (-0.38%). Tuesday's closes: CLU6 -0.55 (-1.37%), RBU6 +0.0080 (+0.61%). Sep crude oil and gasoline on Tuesday settled mixed with Sep crude at a 3-1/2 month low. Crude oil was undercut by increased OPEC output as OPEC July crude production rose +130,000 bpd to a record 33.24 million bpd. Gasoline received a boost from the fall in the dollar index to a 1-1/4-month low and on increased refinery demand for gasoline as the crack spread rose to a 1-month high.

GLOBAL EVENT CALENDAR08/03/2016

		Wednesday, Aug 3
US	0700 ET	Weekly MBA mortgage applications, previous -11.2% with purchase sub-index -3.3% and refi sub-index -15.1%.
	0815 ET	Jul ADP employment change expected +170,000, Jun +172,000.
	0830 ET	Treasury 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 Aug 9-11 in the Aug quarterly refunding.
	0945 ET	Revised Jul Markit services PMI expected +0.1 to 51.0; prelim-Jul -0.5 to 50.9. Revised Jul Markit composite PMI, prelim-Jul +0.3 to 51.5.
	1000 ET	Jul ISM non-manufacturing PMI expected -0.5 to 56.0, Jun +3.6 to 56.5.
	1030 ET	EIA Weekly Petroleum Status Report.
		Thursday, Aug 4
Thu	US	0730 ET	Jul Challenge job cuts, Jun -14.1% y/y.
		0830 ET	Weekly initial unemployment claims expected -1,000 to 265,000, previous +14,000 to 266,000. Weekly continuing claims expected-9,000 to 2.130 million, previous +7,000 to 2.139 million.
		0830 ET	USDA weekly Export Sales.
		1000 ET	Jun factory orders expected -1.9% and -0.2% ex transportation, May -1.0% and +0.1% ex-transportation.
	GER	0330 ET	German Jul Markit construction PMI, Jun 50.4.
	UK	0400 ET	UK Jul new car registrations, Jun -0.8% y/y.
		0700 ET	BOE Quarterly inflation report.
		0700 ET	BOE announces interest rate decision and asset purchase target, expected -25 bp cut to the benchmark rate to 0.25% and the asset purchase target to remain unch at 375 billion pounds.
	JPN	2000 ET	Japan Jun labor cash earnings expected +0.3% y/y, May -0.1%y/y. Jun real cash earnings, May +0.4% y/y.

U.S. STOCK CALENDAR08/03/2016

Company	Ticker	Time	Event Description	Period	Estimate
Clorox Co/The	CLX	Bef-mkt	Q4 2016 Earnings Release	Q4 2016	1.277
Dominion Resources Inc/VA	D	Bef-mkt	Q2 2016 Earnings Release	Q2 2016	0.708
Noble Energy Inc	NBL	Bef-mkt	Q2 2016 Earnings Release	Q2 2016	-0.286
Occidental Petroleum Corp	OXY	Bef-mkt	Q2 2016 Earnings Release	Q2 2016	-0.18
Time Warner Inc	TWX	Bef-mkt	Q2 2016 Earnings Release	Q2 2016	1.165
Xcel Energy Inc	XEL	Bef-mkt	Q2 2016 Earnings Release	Q2 2016	0.404
Spectra Energy Corp	SE	Bef-mkt	Q2 2016 Earnings Release	Q2 2016	0.266
Zoetis Inc	ZTS	Bef-mkt	Q2 2016 Earnings Release	Q2 2016	0.444
Delphi Automotive PLC	DLPH	6:45	Q2 2016 Earnings Release	Q2 2016	1.556
Humana Inc	HUM	7:30	Q2 2016 Earnings Release	Q2 2016	2.283
Intercontinental Exchange Inc	ICE	7:30	Q2 2016 Earnings Release	Q2 2016	3.378
American International Group Inc	AIG	8:00	Q2 2016 Earnings Call	Q2 2016
Time Warner Inc	TWX	8:30	Q2 2016 Earnings Call	Q2 2016
Intercontinental Exchange Inc	ICE	8:30	Q2 2016 Earnings Call	Q2 2016
Verisk Analytics Inc	VRSK	8:30	Q2 2016 Earnings Call	Q2 2016
Zoetis Inc	ZTS	8:30	Q2 2016 Earnings Call	Q2 2016
FMC Corp	FMC	9:00	Q2 2016 Earnings Call	Q2 2016
Spectra Energy Corp	SE	9:00	Q2 2016 Earnings Call	Q2 2016
Delphi Automotive PLC	DLPH	9:00	Q2 2016 Earnings Call	Q2 2016
Qorvo Inc	QRVO	9:00	Annual General Meeting
Concho Resources Inc	CXO	9:30	Q2 2016 Earnings Call	Q2 2016
CA Inc	CA	10:00	Annual General Meeting
Dominion Resources Inc/VA	D	10:00	Q2 2016 Earnings Call	Q2 2016
Noble Energy Inc	NBL	10:00	Q2 2016 Earnings Call	Q2 2016
Occidental Petroleum Corp	OXY	10:00	Q2 2016 Earnings Call	Q2 2016
ONEOK Inc	OKE	10:00	Q2 2016 Earnings Call	Q2 2016
Xcel Energy Inc	XEL	10:00	Q2 2016 Earnings Call	Q2 2016
Newfield Exploration Co	NFX	11:00	Q2 2016 Earnings Call	Q2 2016
Devon Energy Corp	DVN	11:00	Q2 2016 Earnings Call	Q2 2016
Clorox Co/The	CLX	13:30	Q4 2016 Earnings Call	Q4 2016
Twenty-First Century Fox Inc	FOXA	16:00	Q4 2016 Earnings Release	Q4 2016	0.369
Allstate Corp/The	ALL	16:15	Q2 2016 Earnings Release	Q2 2016	0.582
Twenty-First Century Fox Inc	FOXA	16:30	Q4 2016 Earnings Call	Q4 2016
Western Union Co/The	WU	16:30	Q2 2016 Earnings Call	Q2 2016
First Solar Inc	FSLR	16:30	Q2 2016 Earnings Call	Q2 2016
CenturyLink Inc	CTL	17:00	Q2 2016 Earnings Call	Q2 2016
CF Industries Holdings Inc	CF	17:00	Q2 2016 Earnings Release	Q2 2016	0.664
CenturyLink Inc	CTL	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	0.595
Lincoln National Corp	LNC	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	1.563
Tesoro Corp	TSO	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	1.764
Marathon Oil Corp	MRO	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	-0.245
Transocean Ltd	RIG	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	-0.016
Albemarle Corp	ALB	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	1.005
Prudential Financial Inc	PRU	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	2.498
Western Union Co/The	WU	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	0.401
MetLife Inc	MET	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	1.349
Cimarex Energy Co	XEC	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	-0.012
Equinix Inc	EQIX	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	2.998
First Solar Inc	FSLR	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	0.543
TripAdvisor Inc	TRIP	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	0.418
American Water Works Co Inc	AWK	Aft-mkt	Q2 2016 Earnings Release	Q2 2016	0.73
Equinix Inc	EQIX	17:30	Q2 2016 Earnings Call	Q2 2016
Costco Wholesale Corp	COST	21:00	July 2016 Sales and Revenue Release	2016
Equifax Inc	EFX		Investor Meeting	Y 2016
Leucadia National Corp	LUK		Q2 2016 Earnings Release	Q2 2016	0.13

MORNING CALL 6/30

MORNING CALL

Thursday, June 30th, 2016View Older Reports

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OVERNIGHT MARKETS AND NEWS

Sep E-mini S&Ps (ESU16 +0.17%) are up +0.25% and European stocks are up +0.80%. A rally in U.S. bank stocks is leading the overall market higher with Goldman Sachs, Bank of America and Citigroup all up over 1% in pre-market trading after they passed the Fed's annual stress tests and said they will increase their stock buyback programs. A +0.16% gain in copper prices (HGU16 -0.05%) to a 1-3/4 month high is giving European mining stocks a lift, as is data that showed German May retail sales rose +0.9% m/m, the biggest increase in 10 months. Asian stocks settled mostly higher: Japan +0.06%, Hong Kong +1,75%, China -0.07%, Taiwan +0.93%, Australia +1,77%, Singapore +1.73%, South Korea +0.75%, India +0.97%.

The dollar index (DXY00 -0.33%) is down -0.31%. EUR/USD (^EURUSD) is up +0.16% after Eurozone Jun CPI rose more than expected, which reduces the chances of additional ECB stimulus. USD/JPY (^USDJPY) is down -0.04%.

Sep T-note prices (ZNU16 -0.26%) are down -13.5 ticks.

German May retail sales rose +0.9% m/m, stronger than expectations of +0.6% m/m and the largest increase in 10 months.

The Eurozone Jun CPI estimate rose +0.1% y/y, stronger than expectations of unch y/y. The Jun core CPI rose +0.9% y/y, stronger than expectations of +0.8% y/y.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) weekly initial unemployment claims (expected +8,000 to 267,000, previous -18,000 to 259,000) and continuing claims (expected +9,000 to 2.151 million, previous -20,000 to 2.142 million), (2) Jun Chicago PMI (expected +1.7 to 51.0, May -1.1 to 49.3), (3) St. Louis Fed President James Bullard speaks at the Society of Business Economists’ dinner in London, (4) USDA weekly Export Sales, and (5) USDA Q2 Quarterly Grain Stocks and 2016 U.S. planted acreage.

There are 7 of the Russell 1000 companies report earnings today: McCormick (consensus $0.74), Paychex (0.49), Constellation Brands (1.52), Darden Restaurants (1.09), ConAgra Foods (0.52), Micron Technology (-0.10), Alere (0.58).

U.S. IPO's scheduled to price today: Tactile Systems Technology (TCMD)

Equity conferences during the remainder of this week include: none.

OVERNIGHT U.S. STOCK MOVERS

JPMorgan Chase (JPM +2.82%) , Bank of America (BAC +3.86%) ,and Goldman Sachs (GS +2.17%) all rose over 1% in pre-market trading after they passed the Fed's CCAR stress tests without conditions.

Marriott International (MAR +3.69%) was upgraded to 'Buy' from 'Hold' at Evercore ISI with a price target of $75.

American International Group (AIG +3.29%) was upgraded to 'Overweight' from 'Neutral' at Atlantic Equities with a 12-month price target of $60.

Progress Software (PRGS +1.74%) rallied 5% in after-hours trading after it reported Q2 adjusted EPS of 33 cents, higher than consensus of 29 cents.

CIT Group (CIT +4.28%) climbed 6% in after-hours trading after it sold its Canadian Equipment Finance and Corporate Finance businesses to Laurentian Bank of Canada.

Pier 1 Imports (PIR +4.02%) slid 3% in after-hours trading after it lowered guidance on full-year adjusted EPS to 32 cents-40 cents from an April 13 view of 42 cents-50 cents.

Shutterstock (SSTK +4.47%) rose over 1% in after-hours trading after it was announced that it will replace Southwest Gas in the S&P Smallcap 600.

Alliant Energy (LNT +0.03%) gained 0.5% in after-hours trading after it was announced that it will replace AGL Resources in the S&P 500 after the close of trading on Thursday, June 30.

Tractor Supply (TSCO +1.06%) dropped over 7% in after-hours trading after it reported Q2 revenue of $1.85 billion, below consensus of $1.93 billion, and then lowered guidance on full-year EPS to $3.35-$3.40 from a prior view of $3.40-$3.48.

Citigroup (C +4.15%) rose over 2% in after-hours trading after it announced a $8.6 billion stock buyback and said it will lift its quarterly dividend to 16 cents from 5 cents.

Stone Energy (SGY +4.03%) jumped over 7% in after-hours trading after it said it ended its pact with ESV and ended its contract with Midstream and entered into a new gas gathering, processing pact with Williams at Mary Field in Appalachia.

Care.com (CRCM +2.79%) surged 18% in after-hours trading after it received a $46.35 million investment from Google Capital, who will add a representative to CRCM's board and is now the company's largest shareholder.

MARKET COMMENTS

September E-mini S&Ps (ESU16 +0.17%) this morning are up +5.25 points (+0.25%). Wednesday's closes: S&P 500 +1.70%, Dow Jones +1.64%, Nasdaq +1.73%. The S&P 500 on Wednesday closed sharply higher on reduced Brexit concerns on speculation global central banks will take the necessary measures to mitigate the damage done by the UK's decision to leave the European Union. Stocks were also boosted by the as-expected +0.4% increase in U.S. May personal spending and by strength in energy producers after crude oil prices climbed +4.24%. Stocks were undercut by the-3.7% m/m decline in U.S. May pending home sales, the largest monthly decline in 6 years.

Sep 10-year T-note prices (ZNU16 -0.26%) this morning are down -13.5 ticks. Wednesday's closes: TYU6 -6.00. FVU6 -4.00. Sep T-notes on Wednesday closed lower on reduced safe-haven demand with the 2-day recovery rally in stocks and the Atlanta Fed's hike in its U.S. Q2 GDP estimate to 2.7% from a previous estimate of 2.6%.

The dollar index (DXY00 -0.33%) this morning is down -0.296 (-0.31%). EUR/USD (^EURUSD) is up +0.0018 (+0.16%). USD/JPY (^USDJPY) is down-0.04 (-0.04%). Wednesday's closes: Dollar Index -0.476 (-0.49%), EUR/USD +0.0060 (+0.54%), USD/JPY +0.08 (+0.08%). The dollar index on Wednesday closed lower on the weaker-than-expected U.S. May pending home sales report of -3.7% and the as-expected increase in German Jun CPI, which may keep the ECB from expanding stimulus and boosted EUR/USD.

Aug WTI crude oil (CLQ16 -1.06%) this morning is down -43 cents (-0.86%). Aug gasoline (RBQ16 -0.13%) is up +0.0002 (+0.01%). Wednesday's closes: CLQ6 +2.03 (+4.24%), RBQ6 +0.0184 (+1.21%). Aug crude oil and gasoline on Wednesday settled higher on the weaker dollar and the -4.05million bbl decline in EIA crude inventories (vs expectations of -2.5 million bbl). Crude oil was also boosted by the -0.6% drop in U.S. crude production in the week ended Jun 24 to a 1-3/4 year low of 8.622 million bpd. Gasoline prices were undercut on news that EIA gasoline stockpiles unexpectedly rose +1.37 million bbl, more than expectations for a -300,000 bbl decline.

GLOBAL EVENT CALENDAR06/30/2016

		Thursday, June 30, 2016
US	0830 ET	Weekly initial unemployment claims expected +8,000 to 267,000, previous -18,000 to 259,000. Weekly continuing claims expected +9,000 to 2.151 million, previous -20,000 to 2.142 million.
	0830 ET	USDA weekly Export Sales.
	0945 ET	Jun Chicago PMI expected +1.7 to 51.0, May -1.1 to 49.3.
	1200 ET	USDA Q2 Quarterly Grain Stocks and 2016 U.S. planted acreage.
	1330 ET	St. Louis Fed President James Bullard speaks at the Society of Business Economists dinner in London.
CHI	2100 ET	China Jun manufacturing PMI expected -0.1 to 50.0, May unch at 50.1. Jun non-manufacturing PMI, May -0.4 to 53.1.
	2145 ET	China Jun Caixin manufacturing PMI expected unch at 49.2, May -0.2 to 49.2.
		Friday, July 1, 2016
US	0945 ET	Final-Jun Markit manufacturing PMI expected -0.1 to 51.3, prelim-Jun +0.7 to 51.4.
	1000 ET	Jun ISM manufacturing index expected +0.1 to 51.4, May +0.5 to 51.3. Jun ISM new orders, May -0.1 to 55.7. Jun ISM employment, May unch at 49.2. Jun ISM prices paid expected +0.1 to 63.6, May +4.5 to 63.5.
	1000 ET	May construction spending expected +0.6%, Apr -1.8% m/m.
	n/a	Jun total vehicle sales expected 17.29 million, May 17.37 million. Jun domestic vehicle sales expected 13.40 million, May 13.33 million.
JPN	0100 ET	Japan Jun vehicle sales, May +6.6% y/y.
	0100 ET	Japan Jun consumer confidence index expected +0.2 to 41.1, May 40.9.
GER	0355 ET	Revised German Jun Markit/BME manufacturing PMI, prelim-Jun +2.3 to 54.4.
EUR	0400 ET	Revised Eurozone Jun Markit manufacturing PMI, prelim-Jun +1.1 to 52.6.
	0500 ET	Eurozone May unemployment rate expected -0.1 to 10.1%, Apr unch at 10.2%.
UK	0430 ET	UK Jun Markit manufacturing PMI expected +0.1 to 50.2, May +0.7 to 50.1.
	0430 ET	UK Q1 labor costs expected +1.5% y/y, Q4 +1.3% y/y.

U.S. STOCK CALENDAR06/30/2016

Company	Ticker	Time	Event Description	Period	Estimate
McCormick & Co Inc/MD	MKC	Bef-mkt	Q2 2016 Earnings Release	Q2 2016	0.741
Paychex Inc	PAYX	Bef-mkt	Q4 2016 Earnings Release	Q4 2016	0.489
Constellation Brands Inc	STZ	Bef-mkt	Q1 2017 Earnings Release	Q1 2017	1.519
Darden Restaurants Inc	DRI	Bef-mkt	Q4 2016 Earnings Release	Q4 2016	1.085
ConAgra Foods Inc	CAG	7:30	Q4 2016 Earnings Release	Q4 2016	0.522
McCormick & Co Inc/MD	MKC	8:00	Q2 2016 Earnings Call	Q2 2016
Darden Restaurants Inc	DRI	8:30	Q4 2016 Earnings Call	Q4 2016
ConAgra Foods Inc	CAG	9:30	Q4 2016 Earnings Call	Q4 2016
Paychex Inc	PAYX	9:30	Q4 2016 Earnings Call	Q4 2016
Constellation Brands Inc	STZ	10:30	Q1 2017 Earnings Call	Q1 2017
Red Hat Inc	RHT	13:30	Analyst Day	Y 2016
Micron Technology Inc	MU	16:00	Q3 2016 Earnings Release	Q3 2016	-0.095
Micron Technology Inc	MU	16:30	Q3 2016 Earnings Call	Q3 2016
Yahoo! Inc	YHOO	17:00	Annual General Meeting
Rowan Cos Plc	RDC		Extraordinary Shareholders Meeting
Rowan Cos Plc	RDC		Special Meeting
Alere Inc	ALR		Q4 2015 Earnings Release	Q4 2015	0.583

MORNING CALL 12/22

MORNING CALL

Tuesday, December 22nd, 2015View Older Reports

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OVERNIGHT MARKETS AND NEWS

March E-mini S&Ps (ESH16 +0.02%) are up +0.02%and European stocks are up +0.09%% as crude oil prices (CLG16 +0.20%) gained +0.45% in overnight trading. European stocks also found support after German Dec GfK consumer confidence unexpectedly rose. Gains in stocks were limited as weaker metals prices undercut miners and raw-material producers. Asian stocks settled mixed: Japan -0.16%, Hong Kong +0.18%, China +0.26%, Taiwan +0.13%, Australia +0.15%, Singapore +0.26%, South Korea +0.71%, India -0.56%. China's Shanghai Composite eked out a new 3-week high on positive carryover from Monday when the Chinese government signaled more stimulus measures.

The dollar index (DXY00 -0.12%) is down -0.13%. EUR/USD (^EURUSD) is up +0.26 % after German Nov import prices fell less than expected and German Dec GfK consumer confidence unexpectedly rose. USD/JPY (^USDJPY) is down -0.21%.

Mar T-note prices (ZNH16 -0.02%) are down -2.5 ticks.

German Dec GfK consumer confidence unexpectedly rose +0.1 to 9.4, stronger than expectations of unch at 9.3.

The German Nov import price index fell -0.2% m/m and -3.5% y/y, a slower pace of decline than expectations of -0.2% m/m and -3.7% y/y.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Q3 GDP (expected revised to +1.9% from +2.1%), (2) Oct FHFA house price index (expected +0.5% m/m, Sep +0.8% m/m), (3) Nov existing home sales (expected -0.4% at 5.34 million, Oct -3.4% to 5.36 million), (4) Dec Richmond Fed manufacturing survey (expected +2 to -1, Nov -2 to -3).

There are 4 of the Russell 1000 companies that report earnings today: ConAgra Foods (consensus $0.60), Paychex (0.51), NIKE (0.86), Micron Technology (0.23).

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

Equity conferences this week: none.

OVERNIGHT U.S. STOCK MOVERS

Express Scripts Holdings (ESRX +1.78%) rose over 1% in pre-market trading after it gave guidance on fiscal 2016 adjusted EPS of $6.08-$6.28, above consensus of $6.05.

American Express (AXP +0.78%) was rated new 'Market Perform' at JMP Securities.

Chipolte Mexican Grill (CMG -3.52%) was downgraded to 'Neutral' from 'Overweight' at JPMorgan Chase.

Whiting Petroleum (WLL -8.58%) was downgraded to 'Market Perform' from 'Outperform' at BMO.

Alaska Air Group (ALK +3.19%) was downgraded to 'Hod' from 'Buy' at Stifel.

Box Inc. (BOX +0.36%) was rated new 'Market Outperform' at JMP Securities with a 12-month price target of $18.

NetApp (NTAP unch) said it will acquire SolidFire for $870 million.

Pfizer (PFE +1.47%) reported that a Phase 3 study of its Pristiq drug did demonstrate superior efficacy versus a placebo in pediatric patients ages 7 to 17 with Major Depressive Disorder.

Cintas (CTAS +0.80%) rallied over 1% in after-hours trading after it reported Q2 continuing operations EPS of $1.03, better than consensus of $1.00.

Steelcase (SCS +3.00%) slumped over 15% in after-hours trading after reported Q3 adjusted EPS of 30 cents, below consensus of 33 cents, and then lowered guidance on Q4 adjusted EPS to 20 cents-24 cents, weaker than consensus of 26 cents.

Stone Energy (SGY -14.36%) slid nearly 2% in after-hours trading after it lowered its Q4 production forecast to 23-24 Mboepd (thousand barrels of oil equivalents per day) from 25-26 Mboepd.

Alexza Pharmaceuticals (ALXA -2.22%) soared over 30% in after-hours trading after it said it was "encouraged" by data in a Phase 2a study of it AZ-002drug being developed for the management of epilepsy in patients with acute repetitive seizures.

MARKET COMMENTS

Mar E-mini S&Ps (ESH16 +0.02%) this morning are up +0.50 of a point (+0.02%). Monday's closes: S&P 500 +0.78%, Dow Jones +0.72%, Nasdaq +1.01%. The S&P 500 on Monday closed higher on positive carryover from a +1.77% increase in China's Shanghai Composite on speculation China may boost stimulus measures after a statement from the government's Central Economic Work Conference said that monetary policy must be more "flexible" and fiscal policy more "forceful." There was also strength in mining and raw-material producing stocks after metals prices rallied.

Mar 10-year T-notes (ZNH16 -0.02%) this morning are down -2.5 ticks. Monday's closes: TYH6 +2.50, FVH6 +2.25. Mar T-notes on Monday settled higher on the fall in crude oil prices to a 6-3/4 year low, which undercuts inflation expectations, and on the weaker-than-expected Nov Chicago Fed national activity index. T-notes were undercut by a rally in stocks curbed the safe-haven demand for T-notes.

The dollar index (DXY00 -0.12%) this morning is down -0.132 (-0.13%). EUR/USD (^EURUSD) is up +0.0028 (+0.26%). USD/JPY (^USDJPY) is down-0.26 (-0.21%). Monday's closes: Dollar Index -0.340 (-0.34%), EUR/USD +0.0047 (+0.43%), USD/JPY +0.03 (+0.02%). The dollar index on Monday closed lower on the weaker-than-expected Nov Chicago Fed national activity index, which fell to a 6-month low, and on strength in EUR/USD after Eurozone Dec consumer confidence unexpectedly climbed to a 6-month high.

Feb crude oil (CLG16 +0.20%) this morning is up +16 cents (+0.45%) and Feb gasoline (RBG16 -1.86%) is down -0.0237 (-1.95%). Monday's closes: CLG6 +0.01 (+0.03%), RBG6 -0.0627 (-4.94%). Feb crude oil and gasoline on Monday settled mixed with nearest-futures (F16) crude at a new 6-3/4 year low and Feb gasoline at a 1-1/2 week low. Crude oil prices were undercut by concern that energy stockpiles may increase further as the above-normal winter temperatures in the U.S. reduce demand for heating fuels. Crude oil prices recovered from their worst levels as a weak dollar spurred short covering in crude futures.

GLOBAL EVENT CALENDAR12/22/2015

US	0830 ET	Q3 GDP expected revised to +1.9% from +2.1% (q/q annualized). Q3 personal consumption expected revised to +2.9% from +3.0%. Q3 GDP price index expected unrevised from +1.3%. Q3 core PCE expected unrevised from +1.3% q/q.
	0900 ET	Oct FHFA house price index expected +0.5% m/m, Sep +0.8% m/m.
	1000 ET	Nov existing home sales expected -0.4% at 5.34 million, Oct -3.4% to 5.36 million.
	1000 ET	Dec Richmond Fed manufacturing survey expected +2 to -1, Nov -2 to -3.
	1500 ET	USDA Nov Cold Storage.
GER	0200 ET	German Jan GfK consumer confidence expected unch at 9.3.
	0200 ET	German Nov import price index expected -0.2% m/m and -3.7% y/y, Oct -0.3% m/m and -4.1% y/y.
UK	0430 ET	UK Nov public sector net borrowing expected +11.1 billion pounds, Oct +7.5 billion pounds.

U.S. STOCK CALENDAR12/22/2015

Company	Ticker	Time	Event Description	Period	Estimate
ConAgra Foods Inc	CAG US	7:30	Q2 2016 Earnings Release	Q2 2016	0.598
Paychex Inc	PAYX US	8:30	Q2 2016 Earnings Release	Q2 2016	0.513
Express Scripts Holding Co	ESRX US	9:00	Q4 2016 Guidance Call	Q4 2016
ConAgra Foods Inc	CAG US	9:30	Q2 2016 Earnings Call	Q2 2016
Paychex Inc	PAYX US	9:30	Q2 2016 Earnings Call	Q2 2016
Donaldson Co Inc	DCI US	10:00	Annual General Meeting
Avangrid Inc	EAS US	12:00	Business Update Call
NIKE Inc	NKE US	16:15	Q2 2016 Earnings Release	Q2 2016	0.856
Micron Technology Inc	MU US	16:30	Q1 2016 Earnings Call	Q1 2016
NIKE Inc	NKE US	17:00	Q2 2016 Earnings Call	Q2 2016
Micron Technology Inc	MU US	Aft-mkt	Q1 2016 Earnings Release	Q1 2016	0.233
Raymond James Financial Inc	RJF US		November 2015 Sales and Revenue Release - Operating Data	2015
NVIDIA Corp	NVDA US		ITC Due to Release Findings in 2nd Samsung vs. Nvidia Patent Case

5 Great Small Caps

Today I used Barchart to sort the S&P 600 Small Cap Index to find the 5 stocks with the best technical indicators and charts and found Post Properties (PPS), Marriot Vacations WorldWide (VAC), USA Mobility (USMO), Stone Energy (SGY) and Piedmont Natural Gas (PNY):

Post Properties (PPS)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 5 new highs and up 1.80% in the last month
• Relative Strength Index 64.54%
• Barchart computes a technical support level at 49.19
• Recently traded at 50.38 with a 50 day moving average of 48.25

Marriot Vacations WorldWide (VAC)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 5.80% in the last month
• Relative Strength Index 76.94%
• Barchart computes a technical support level at 56.91
• Recently traded at 57.80 with a 50 day moving average of 52.16

USA Mobility (USMO)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 27.69% in the last month
• Relative Strength Index 76.87%
• Barchart computes a technical support level at 18.47
• Recently traded at 18.86 with a 50 day moving average of 15.35

Store Energy (SGY)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 15.19% in the last month
• Relative Strength Index 69.61%
• Barchart computes a technical support level at 41.64
• Recently traded at 42.63 with a 50 day moving average of 35.70

Piedmont Natural Gas (PNY)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 3.83% in the last month
• Relative Strength Index 60.76%
• Barchart computes a technical support level at 35.40
• Recently traded at 35.54 with a 50 day moving average of 33.94

BARCHART MORNING CALL 3/25

BARCHART MORNING CALL

Tuesday, March 25th, 2014View Older Reports

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OVERNIGHT MARKETS AND NEWS

June E-mini S&Ps (ESM14 +0.32%) this morning are up +0.20% and European stocks are up +0.85% ahead of U.S. data later today on consumer confidence, home prices and new home sales. Gains in European stocks were muted after a gauge of German investor confidence fell for the first time in five months. Asian stocks closed mostly lower: Japan -0.36%, Hong Kong -0.52%. China -0.10%, Taiwan +0.98%, Australia -0.19%, Singapore -0.25%, South Korea -0.30%, India closed for holiday. China's Shanghai Stock Index rose to a 1-month high on speculation the Chinese government will take steps to support economic growth. Commodity prices are mixed. May crude oil (CLK14 +0.57%) is up +0.37%. May gasoline (RBK14 +0.48%) is up +0.44%. Apr gold (GCJ14 +0.28%) is up +0.34%. May copper (HGK14 +1.49%) is up +1.46%. Agriculture and livestock prices are weaker. The dollar index (DXY00 +0.15%) is up +0.10%. EUR/USD (^EURUSD) is down -0.16%. USD/JPY (^USDJPY) is up +0.02%. June T-note prices (ZNM14 unch) are up +1.5 ticks.
The German Mar IFO business climate fell -0.6 to 110.7, a bigger decline than expectations of -0.4 to 110.9. The Mar IFO current assessment rose +0.8 to 115.2, a bigger increase than expectations of +0.1 to 114.5 and the highest in 1-3/4 years. Mar IFO expectations fell -1.9 to 106.4, a bigger decline than expectations of -0.6 to 107.7.
UK Feb CPI rose +0.5% m/m and +1.7% y/y, right on expectations, with the +1.7% y/y increase the smallest annual gain in 4-1/3 years. Feb core CPI gained +1.7% y/y, higher than expectations of unch at +1.6 y/y.
UK Feb RPI rose +0.6% m/m and +2.7% y/y, higher than expectations of +0.5% m/m and +2.6% y/y. Feb RPI ex-mortgage interest payments rose +2.7% y/y, higher than expectations of +2.6% y/y.
UK Feb PPI input prices fell -0.4% m/m and -5.7% y/y, bigger declines than expectations of +0.3% m/m and -5.3% y/y, with the -5.7% y/y decline the largest annual fall in 4-1/3 years.
UK Feb PPI output prices were unch m/m and +0.5% y/y, less than expectations of +0.2% m/m and +0.7% y/y. Feb PPI output core prices rose +0.1% m/m and +1.1% y/y, close to expectations of unch m/m and +1.1% y/y.

U.S. STOCK PREVIEW

Today’s Feb new home sales report is expected to show a decline of -4.9% to 445,000, reversing part of January’s surprise +9.6% increase to a 5-1/2 year high of 468,000. Today’s Jan CaseShiller composite-20 home price index report is expected to show an increase of +0.6% m/m while the Jan FHFA house price index report is expected to show an increase of +0.5% m/m. Today’s March U.S. consumer confidence index from the Conference Board is expected to show a +0.4 point increase to 78.5, reversing part of the -1.3 point drop to 78.1 seen in February. Today’s March Richmond Fed manufacturing index is expected to show a +10 point increase to 4, reversing more than one-half of the sharp -18 point drop to -6 seen in February.
There are 5 of the Russell 1000 companies report earnings today: Carnival (consensus -0.08), McCormick (0.58), HD Supply (-0.03), Walgreen (0.93), PVH Corp (1.42). Equity conferences during the remainder of this week include: Barclays Emerging Payments Forum on Mon-Tue, TAG Spring Consumer Conference on Tue, Gastech Conference & Exhibition on Mon-Wed, BB&T Capital Markets Commercial & Industrial Conference on Wed, CIBC Retail and Consumer Conference on Wed, JPMorgan Insurance Conference on Wed, Oracle Storage Summit New York on Wed, Jefferies Animal Health Day on Thu, and Jefferies Animal Health Day on Thu

OVERNIGHT U.S. STOCK MOVERS

BofA/Merrill added CSX (CSX -0.24%) to its top stock pick list for 2014.
Walgreens (WAG -0.68%) reported Q2 adjusted EPS of 91 cents, below consensus of 93 cents.
AT&T (T +0.47%) was downgraded to 'Neutral' from 'Overweight' at HSBC.
The NYT reports that General Motors (GM +0.37%) told its customers and families of accident victims that it did not have sufficient evidence to determine that there were defects in its cars, even after the company had definitive evidence of such a defect.
Arch Coal (ACI +3.08%) was downgraded to 'Hold' from 'Buy' at Jefferies.
Navistar (NAV +0.06%) was downgraded to 'Neutral' from 'Buy' at UBS.
KBR (KBR -0.98%) was downgraded to 'Neutral' from 'Buy' at Goldman Sachs.
Domtar (UFS +0.08%) was upgraded to 'Buy' from 'Neutral' at Goldman Sachs.
RealD (RLD -3.39%) and Wanda Cinema Line Corporation announced an extended agreement to install an additional 780 RealD 3D Cinema Systems in China.
Integrated Core Strategies reported a 6% passive stake in Stone Energy (SGY +0.08%) .
Standard & Poor's Ratings Services lowered its long-term foreign currency sovereign credit rating on Brazil to 'BBB-' from 'BBB' with a stable outlook on its long-term credit rating.
PL Capital reported a 5.2% stake in Metro Bancorp (METR +0.98%) .
Disney (DIS -1.07%) has agreed to acquire Maker Studios for $500 million.
BioMarin (BMRN -0.30%) was downgraded to 'Neutral' from 'Buy' at Goldman.
Blackstone Holdings I reported a 6% passive stake in Ardmore Shipping (ASC -1.77%) .

MARKET COMMENTS

June E-mini S&Ps (ESM14 +0.32%) this morning are up +3.75 points (+0.20%). The S&P 500 on Monday closed lower. Bearish factors included (1) the China Mar HSBC manufacturing PMI that unexpectedly weakened for the fifth straight month as it fell by -0.4 to an 8-month low of 48.1, weaker than expectations of +0.2 to 48.7, and (2) concern the Ukraine crisis may escalate after Ukraine’s foreign minister said the risk of war is growing as Russia continues to mass troops along the Ukraine border. Closes: S&P 500 -0.49%, Dow Jones -0.16%, Nasdaq -0.98%.
Jun 10-year T-notes (ZNM14 unch) this morning are up +1.5 ticks. Jun 10-year T-note futures prices on Monday closed lower. Bearish factors included (1) supply pressures with $109 billion T-notes to be auctioned this week, and (2) negative carry-over from Fed Chair Yellen’s indication last Wednesday that the funds rate might be raised as soon as spring 2015. Closes: TYM4 -1.00, FVM4 -3.00.
The dollar index (DXY00 +0.15%) this morning is up +0.079 (+0.10%). EUR/USD (^EURUSD) is down -0.0022 (-0.16%). USD/JPY (^USDJPY) is up +0.02 (+0.02%). The dollar index on Monday closed lower. EUR/USD recovered from early losses and closed higher after the Bundesbank stated in its monthly report said that it sees a “substantial strengthening of the overall pace of economic expansion” in Q1 German economic growth. Closes: Dollar index -0.171 (-0.21%), EUR/USD +0.00461 (+0.33%), USD/JPY +0.004 (+0.01%).
May WTI crude oil (CLK14 +0.57%) this morning is up 37 cents (+0.37%) and May gasoline (RBK14 +0.48%) is up +0.0128 (+0.44%). May crude and gasoline prices on Monday settled mixed. Crude oil prices rose on concern that the closure of the Houston Ship Canal since Saturday due to an oil spill will disrupt refinery operations and lead to reduced production at refineries along the Gulf Coast. Bearish factors included global demand concerns after the Chinese manufacturing PMI fell to an 8-month low and the German manufacturing PMI slipped to its slowest pace in 4 months. Closes: CLK4 +0.14 (+0.14%). RBK4 -0.0139 (-0.48%).

GLOBAL EVENT CALENDAR03/25/2014

US	0900 ET	Jan S&P/CaseShiller composite-20 home price index expected +0.60% m/m and +13.34% y/y, Dec +0.76% m/m and +13.42% y/y.
	0900 ET	Jan FHFA house price index expected +0.5% m/m, Dec +0.8% m/m.
	1000 ET	March U.S. consumer confidence (Conference Board) expected +0.4 to 78.5, Feb -1.3 to 78.1.
	1000 ET	Mar Richmond Fed manufacturing index expected +10 to 4, Feb -18 to -6.
	1000 ET	Feb new home sales expected -4.9% to 445,000, Jan +9.6% to 468,000.
	1300 ET	Treasury auctions $32 billion 2-year T-notes.
	1600 ET	Atlanta Fed President Dennis Lockhart speaks on the economic outlook at the Rutberg Global Summit.
	1900 ET	Philadelphia Fed President Charles Plosser speaks on the economic outlook and monetary policy to the Money Marketeers of NYU.
GER	0500 ET	German Mar IFO business climate expected -0.4 to 110.9, Feb 111.3. Mar IFO current assessment expected +0.1 to 114.5, Feb 114.4. Mar IFO expectations expected -0.6 to 107.7, Feb 108.3.
UK	0530 ET	UK Feb CPI expected +0.5% m/m and +1.7% y/y, Jan -0.6% m/m and +1.9% y/y. Feb core CPI expected +1.6% y/y, Jan +1.6% y/y.
	0530 ET	UK Feb RPI expected +0.5% m/m and +2.6% y/y, Jan -0.3% m/m and +2.8% y/y. Feb RPI ex mortgage interest payments expected +2.6% y/y, Jan +2.8% y/y.
	0530 ET	UK Feb PPI input prices expected +0.3% m/m and -5.3% y/y, Jan -0.9% m/m and -3.1% y/y.
	0530 ET	UK Feb PPI output prices expected +0.2% m/m and +0.7% y/y, Jan +0.3% m/m and +0.9% y/y. Feb PPI output core expected unch m/m and +1.0% y/y, Jan +0.5% m/m and +1.2% y/y.
	0700 ET	UK Mar CBI reported sales expected -9 to 28, Feb 37.
EUR	1200 ET	ECB President Mario Draghi gives a lecture in Paris.
JPN	1950 ET	Japan Feb corporate service price index expected +0.8% y/y, Jan +0.8% y/y.

U.S. STOCK CALENDAR03/25/2014

Company Name	Ticker	Time	Event Description	Period	Estimate
Carnival Corp	CCL US	Bef-mkt	Q1 2014 Earnings Release	Q1 2014	-0.083
McCormick & Co Inc/MD	MKC US	Bef-mkt	Q1 2014 Earnings Release	Q1 2014	0.579
HD Supply Holdings Inc	HDS US	6:00	Q4 2014 Earnings Release	Q4 2014	-0.029
Walgreen Co	WAG US	7:30	Q2 2014 Earnings Release	Q2 2014	0.932
McCormick & Co Inc/MD	MKC US	8:00	Q1 2014 Earnings Call	Q1 2014
HD Supply Holdings Inc	HDS US	8:00	Q4 2014 Earnings Call	Q4 2014
Walgreen Co	WAG US	8:30	Q2 2014 Earnings Call	Q2 2014
Akamai Technologies Inc	AKAM US	8:30	Investor Meeting	Y 2014
L-3 Communications Holdings Inc	LLL US	9:00	Investor Conference	Y 2014
Carnival Corp	CCL US	10:00	Q1 2014 Earnings Call	Q1 2014
Panera Bread Co	PNRA US	10:30	Investor Day	Y 2014
Beam Inc	BEAM US	12:00	Extraordinary Shareholders Meeting - M&A Vote	Y 2014
NVIDIA Corp	NVDA US	12:00	Investor Day	Y 2014
Adobe Systems Inc	ADBE US	17:00	Financial Analyst Briefing	Y 2014
PVH Corp	PVH US	Aft-mkt	Q4 2014 Earnings Release	Q4 2014	1.42
Equifax Inc	EFX US		Investor Meeting - Boston	Y 2014
Xcel Energy Inc	XEL US		Investors Meeting - Day 1	Y 2014
General Motors Co	GM US		GM Recall Documentation Submittal to US House Energy & Commerce Committee