Before the Open (Apr 27)

Good morning. Happy Thursday.
The Asian/Pacific markets closed mixed; there were no outstanding winners or losers. Europe currently leans to the downside. Turkey and Finland are up; the UK, France, Russia, the Netherlands, Spain, Italy and Belgium are down. Futures in the States point to a positive open for the cash market.
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My podcast – with Chat With Traders
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The dollar is flat. Oil and copper are down. Gold and silver are flat. Bonds are down.
Most of the indexes paused yesterday; the small caps moved to new all-time highs. After lagging for a while, they’re now leading. Here are the SPX and RUT charts.


There are many big earnings reports out today, including GOOGL, AMZN and INTC
Stock headlines from barchart.com…
McDonald’s (MCD -0.61%) was upgraded to ‘Buy’ from ‘Hold’ at Argus with a price target of $158.
O’Reilly Automotive (ORLY +0.42%) fell 2% in after-hours trading after it reported Q1 sales of $2.16 billion, below consensus of $2.22 billion.
Buffalo Wild Wings (BWLD -0.25%) slid nearly 3% in after-hours trading after it reported Q1 EPS of $1.25, below consensus of $1.69.
Graco (GGG +1.47%) rallied 5% in after-hours trading after it reported Q1 net sales of $340.6 million, better than consensus of $315.1 million.
F5 Networks (FFIV -0.64%) dropped nearly 8% in after-hours trading after it reported Q2 net revenue of $518.2 million, weaker than consensus of $523.1 million.
ServiceNow (NOW +0.75%) climbed almost 5% in after-hours trading after it reported Q1 adjusted EPS of 24 cents, well above consensus of 17 cents.
Xilinx (XLNX -1.15%) gained over 4% in after-hours trading after it reported Q4 EPS of 57 cents, better than consensus of 54 cents.
Citrix Systems (CTXS +0.08%) lost nearly 5% in after-hours trading after it reported Q1 net revenue of $662.7 million, below consensus of $664.3 million, and said it sees Q2 revenue of $685 million-$695 million, weaker than consensus of $695.3 million.
PayPal Holdings (PYPL -0.67%) rose over 5% in pre-market trading after it raised guidance on 2017 adjusted EPS to $1.74-$1.79 from a prior view of $1.69-$1.74.
Ethan Allen Interiors (ETH +0.48%) fell 4% in after-hours trading after it reported Q3 adjusted EPS of 23 cents, below consensus of 27 cents.
Netgear (NTGR -2.93%) lost 5% in after-hours trading after it reported its Q2 adjusted operating margin was 8%-9%, weaker than consensus of 11%.
Mellanox Technologies Ltd (MLNX -0.10%) slumped over 10% in after-hours trading after it reported Q1 adjusted EPS of 29 cents, well below consensus of 49 cents.
H&R Block (HRB -1.44%) gained almost 3% in after-hours trading after it said total tax return volume fell -0.1% through Apr 21 compared with the IRS reported decline of -0.3%.
CryoLife (CRY +3.08%) rallied nearly 7% in after-hours trading after it reported Q1 adjusted EPS of 9 cents, much stronger than consensus of 4 cents.
Ultra Clean Holdings (UCTT -1.13%) jumped 10% in after-hours trading after it reported Q1 adjusted EPS of 47 cents, above consensus of 42 cents, and then forecast Q2 adjusted EPS of 49 cents-55 cents, higher than consensus of 36 cents.
American Superconductor (AMSC +4.05%) plunged over 40% in after-hours trading after it reported preliminary Q4 revenue of $15 million-$!6 million, well below its prior view of $22 million-$26 million on Inox “dislocation.”
Wednesday’s Key Earnings
Amgen (NASDAQ:AMGN) -3.1% AH with slipping revenues.
Anthem (NYSE:ANTM) +3.8% following Q1 beat, premium warnings.
Boeing (NYSE:BA) -1% following a revenue miss.
Las Vegas Sands (NYSE:LVS) -1.3% AH despite topping expectations.
PayPal (NASDAQ:PYPL) +5.6% AH on higher processing volumes.
PepsiCo (NYSE:PEP) -0.7% recording lower margins.
Procter & Gamble (NYSE:PG) -2.5% as sales disappointed.
Twitter (NYSE:TWTR) +7.9% accelerating growth.
United Tech (NYSE:UTX) +1.1% reaffirming its outlook.
Today’s Economic Calendar
8:30 Durable Goods
8:30 Initial Jobless Claims
8:30 International trade in goods
8:30 Retail Inventories
8:30 Wholesale Inventories
9:45 Bloomberg Consumer Comfort Index
10:00 Pending Home Sales
10:30 EIA Natural Gas Inventory
11:00 Kansas City Fed Mfg Survey
1:00 PM Results of $28B, 7-Year Note Auction
3:00 PM Farm Prices
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY