Before the Open (Jun 7)

Good morning. Happy Wednesday.
The Asian/Pacific markets closed mixed and little changed. China and the Philippines did well; South Korea was weak. Europe currently leans to the upside. Poland, France, Finland, the Netherlands, Italy and Belgium are up; Greece and Denmark are down. Futures in the States point towards a flat-to-up open for the cash market.
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The dollar is up. Oil and copper are down. Gold and silver are down. Bonds are down.
Premarket movers from thestockmarketwatch.com…

Stock headlines from barchart.com…
Humana (HUM +0.32%) was rated a new ‘Overweight at Morgan Stanley with a price target of $262.
UnitedHealth Group (UNH +0.81%) was rated a new ‘Overweight at Morgan Stanley with a price target of $202.
Cigna (CI +0.45%) was rated a new ‘Overweight at Morgan Stanley with a price target of $184.
Dave & Buster’s Entertainment (PLAY +2.95%) lost nearly 3% in after-hours trading after it reported Q1 comparable same-store sales were up +2.2%, below consensus of +2.7%.
Analogic (ALOG -0.60%) sank 10% in after-hours trading after it said it sees full-year revenue down low to mid-single digits and lowered guidance on full-year adjusted EPS to $2.40-$2.70 from a prior view of $3.00-$3.45.
Oxford Industries ({=OXM =}) slid 2% in after-hours trading after it said it sees Q2 adjusted EPS of $1.35-$1.45, weaker than consensus of $1.54.
Ambarella (AMBA +1.31%) dropped over 6% in after-hours trading after it said it see Q2 revenue of $69 million-$72 million, below consensus of $72.52 million.
Keysight Technologies (KEYS +0.83%) climbed over 6% in after-hours trading after it said it sees Q3 adjusted revenue of $840 million-$880 million, the midpoint above consensus of $842.86 million.
United Natural Foods (UNFI -1.14%) slid 2% in after-hours trading after it reported Q3 revenue of $2.37 billion, less than consensus of $2.42 billion, and then said it sees full-year revenue of $9.29 billion-$9.34 billion, below consensus of $9.36 billion.
Exact Sciences (EXAS -1.29%) fell over 2% in after-hours trading after it announced an agreement to sell 7.0 million shares of its common stock in an underwritten public offering.
Duluth Holdings (DLTH -0.29%) tumbled 11% in after-hours trading after it reported Q1 EPS of 1 cents, much weaker than consensus of 5 cents.
Sigma Designs (SIGM +0.81%) dropped almost 5% in after-hours trading after it reported a Q1 adjusted loss per share of -25 cents, wider than consensus of -21 cents.
Golub Capital BDC Inc (GBDC -1.60%) lost over 1% in after-hours trading after it announced that it plans to make a public offering on 1.75 million shares of its common stock.
Carvana (CVNA +5.89%) jumped almost 10% in after-hours trading after it reported Q1 net sales and operating revenues of $159.1 million, above consensus of $157.6 million, and sad it sees 2017 revenue of $850 million-$910 million, the mid-point well above consensus of $854.4 million.
Dynavax Technologies (DVAX +1.45%) rose nearly 3% in after-hours trading after holder Point72 Asset Management boosted its passive stake in the company to 5.2% from 1.5%.
Today’s Economic Calendar
7:00 MBA Mortgage Applications
8:30 Gallup U.S. Job Creation Index
10:30 EIA Petroleum Inventories
3:00 PM Consumer Credit

Other
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY

3 thoughts on “Before the Open (Jun 7)

  1. Waiting, beginning new stock IVAL which is a another management style with a longer term perspective –i am told by WSJ. Where is everyone????? vacation???

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