Good morning. Happy Thursday.
The Asian/Pacific markets closed mostly up. Japan, Hong Kong, South Korea, Taiwan and Singapore did the best. Europe, Africa and the Middle East lean to the upside. Turkey, Finland, Russia, Switzerland, Hungary, the Netherlands, Belgium are up; Poland, Germany, Greece and Portugal are down. Futures in the States point towards a moderate gap up open for the cash market.
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Podcast – with Chat With Traders
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The dollar is up a small amount. Oil is down; copper is up. Gold and silver are up. Bonds are down.
Stock headlines from barchart.com…
There are 37 of the S&P 500 companies that have reported earnings this morning. Companies that beat their earnings consensus include Conoco Phillips (COP +0.11%) at 0.14, Valero (VLO -0.66%) at 1.23, Raytheon (RTN -0.42%) at 1.96, Procter & Gamble (PG +0.18%) at 0.85, Comcast (CMCSA -1.01%) at 0.52, UPS (UPS -0.82%) at 1.58, BorgWarner (BWA +0.04%) at 0.96, Dow Chemical (DOW -1.33%) at 1.08, S&P Global (SPGI -0.37%) at 1.65, Southwest Airlines (LUV +1.19%) at 1.24, Bristol-Myers Squibb (BMY +0.05%) at 0.74.
Verizon (VZ +0.95%) matched expectations of 0.96. Companies that underperformed the consensus included Johnson Controls (JCI -1.95%) at 0.71, ADP (ADP +2.71%) at 0.65, Marathon
Petroleum (MPC -0.64%) at 1.02, and Neilsen (NLSN +3.29%) at 0.43.
Facebook (FB +0.20%) rallied 4% in after-hours trading on positive earnings news driven in part by mobile video ads.
Gilead Sciences (GILD +0.61%) rallied 2% in after-hours trading after raising its annual sales guidance.
Whiting Petroleum (WLL -0.57%) fell 5% in after-hours trading on disappointing production guidance.
AstraZeneca (AZN +0.47%) plunged by -15% in European trading after disappointing trial results for its next-generation cancer therapies.
Diageo (DEO +1.02%) ralied more than 4% in European trading after raising its 3-year profitabilty goal and announcing a stock buyback.
Anheuser-Busch InBev (BUD +1.54%) rallied more than 4% in European trading after reporting an earnings beat.
Deutsche Bank (DB +0.11%) fell 3% afer reporting a 10% drop in Q2 revenues.
Wednesday’s Key Earnings
Boeing (NYSE:BA) +9.9% boosting its earnings forecast.
Coca-Cola (NYSE:KO) +1.1% upping organic revenue.
Facebook (NASDAQ:FB) +3.3% AH on mobile ad gains.
Ford (NYSE:F) -1.9% with underlying concerns.
Gilead Sciences (NASDAQ:GILD) +2.1% AH beating estimates.
PayPal (PYPL) +2.2% AH growing user partnerships.
Today’s Economic Calendar
8:30 Durable Goods
8:30 International trade in goods
8:30 Initial Jobless Claims
8:30 Chicago Fed National Activity Index
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
11:00 Kansas City Fed Mfg Survey
1:00 PM Results of $28B, 7-Year Note Auction
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