Before the Open (Jun 1)

Good morning. Happy Thursday (is it really Thursday already).
The Asian/Pacific markets closed mostly up. Japan, Honk Kong, Taiwan, Indonesia, Singapore and Philippines did the best; China lost ground. Europe is currently mostly up. The UK, France, Greece, Finland, Hungary and Italy are leading; Russia is down more than 1%. Futures in the States point towards a positive open for the cash market.
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The dollar is up. Oil is up; copper is down. Gold and silver are down. Bonds are down.
Premarket movers from thestockmarketwatch.com…

Stock headlines from barchart.com…
Goodyear Tire (CTB +0.14%) rose nearly 5% in pre-market trading after it was upgraded to ‘Overweight’ from ‘Underweight’ at Morgan Stanley with a price target of $52.
Illinois Tool Works (ITW +0.09%) climbed over 2% in pre-market trading after it was upgraded to ‘Buy’ from ‘Sell’ at Goldman Sachs with a price target of $155.
Flour (FLR -0.38%) was upgraded to ‘Buy’ from ‘Neutral’ at D.A. Davidson & Co with a 12-month target price of $55.
Palo Alto Networks (PANW +1.36%) rallied 13% in after-hours trading after it reported Q3 revenue of $431.8 million, better than consensus of $411.87 million, and then said it sees Q4 adjusted EPS of 78 cents-80 cents, higher than consensus of 74 cents. Proofpoint (PFPT -0.74%) rose 2% and FireEye (FEYE +0.20%) and Fortinet (FTNT +0.49%) both climbed over 1% in after-hours trading on the news.
Semtech (SMTC +2.83%) dropped 3% in after-hours trading after it reported Q1 net sales of $143.8 million, below consensus of $146.17 million.
Box Inc (BOX +0.70%) climbed over 4% in after-hours trading after it reported Q1 revenue of $117.22 million, better than consensus of $114.92 million, and then raised its view on full-year revenue to $502 million-$506 million from a prior view of $500 million-$504 million.
Caesars Entertainment (CZR -1.35%) was initiated with coverage at Oppenheimer with a recommendation of “Outperform” with an 18-month price target of $15.
Hewlett Packard Enterprise (HPE -0.21%) slipped 2% in after-hours trading after it reported Q2 revenue of $9.9 billion, below consensus of $10.1 billion.
Callon Petroleum (CPE -3.66%) gained almost 1% in after-hours trading after it amended and restated a credit pact for its secured revolving credit facility that boosts the borrowing base by 30% to $650 million.
Minerva Neurosciences (NERV -3.51%) surged 15% in after-hours trading after it said it had amended its pact with Janssen Pharmaceuticals for the MIN-202 drug to treat insomnia were Minerva now has global strategic control over the development of MIN-202.
Wednesday’s Key Earnings
Hewlett Packard Enterprise (NYSE:HPE) -1.1% AH on in-line results.
Palo Alto Networks (NYSE:PANW) +11.9% AH with strong guidance.
Today’s Economic Calendar
Auto Sales
Chain Store Sales
7:30 Challenger Job-Cut Report
8:00 Fed’s Powell speech
8:15 ADP Jobs Report
8:30 Initial Jobless Claims
8:30 Gallup Good Jobs Rate
9:45 PMI Manufacturing Index
9:45 Bloomberg Consumer Comfort Index
10:00 ISM Manufacturing Index
10:00 Construction Spending
10:30 EIA Natural Gas Inventory
11:00 EIA Petroleum Inventories
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