Before the Open (Aug 11)

Good morning. Happy Friday.
The Asian/Pacific posted relatively big losses. China, Hong Kong, South Korea, India, New Zealand, Australia, Indonesia and Singapore all dropped 1% or more. Europe, Africa and the Middle East is mostly down. The UK, France, Turkey, South Africa, Finland, Russia, Austria, Sweden, Norway, Spain, the Netherlands, Italy, Belgium, Portugal and Israel are all down more than 1%. Futures in the States point towards a negative open for the cash market.
—————
VIDEO: The Decennial Pattern – With a Focus on Years Ending in 7, 8 and 9
—————
The dollar is flat. Oil and copper are down small amounts. Gold and silver are up. Bonds are up.
Stock headlines from barchart.com…
Goldman Sachs (GS -2.39%) was downgraded to ‘Hold’ from ‘Buy’ at HSBC.
J.C. Penney (JCP -8.72%) tumbled over 6% in pre-market trading after it reported a Q2 adjusted loss per share of -9 cents, wider than consenus of -4 cents.
Nvidia (NVDA -4.28%) fell almost 5% in after-hours trading after it reported Q2 revenue of $181.7 million, below consensus of $185.8 million, and said Q2 daily active users were 173 million, less than expectations of 175 million.
Barracuda Networks (CUDA -3.41%) rallied almost 5% in after-hours trading when it was announced that it will replace Sabra Health Care in the S&P SmallCap 600 before the open of trade on Thursday, August 17.
Kohl’s (KSS -5.80%) rose almost 1% in after-hours trading after it was upgraded to ‘Neutral’ from ‘Underperform’ at Credit Suisse.
Trade Desk (TTD -7.28%) jumped 9% in after-hours trading after it reported Q2 adjusted EPS of 52 cents. well above consensus of 19 cents, and said it sees Q3 revenue of $76 million, better than consensus of $74.1 million.
Nordstrom (JWN -4.29%) climbed over 3% in after-hours trading after it reported Q2 revenue of $3.79 billion, better than consensus of $3.75 billion.
Paylocity Holding Corp. (PCTY -2.98%) rallied 6% in after-hours trading after it reported Q4 adjusted EPS of 9 cents, well above consensus of 1 cent
Camping World Holdings (CWH -2.93%) jumped nearly 7% in after-hours trading after it reported Q2 adjusted proforma EPS of 91 cents, well above consensus of 69 cents.
Norwegian Cruise Line Holdings (NCLH -2.21%) slid almost 4% in after-hours trading after it announced the launch of a secondary public offering of 15 million shares by shareholders.
Pfizer (PFE -0.09%) lost almost 1% in after-hours trading after the company said the U.S. Justice Department is investigating its generic-drug business as part of an industrywide probe into possible price fixing by drug makers.
Snap (SNAP +1.55%) tumbled over 12% in after-hours trading after it reported Q2 revenue of $181.7 million, weaker than consensus of $185.8 million, and said it had 173 million Q2 active users, below expectations of 175 million.
Noodles & Co. (NDLS -2.50%) rose almost 4% in after-hours trading after it said it sees opening 17 new restaurants in 2017, compared with a prior expectation of 14-17 restaurants.
Thursday’s Key Earnings
Kohl’s (NYSE:KSS) -5.8% on its latest revenue drop.
Macy’s (NYSE:M) -10.3% with falling comparable sales.
Nordstrom (NYSE:JWN) +2.8% AH boosting same-store sales.
Nvidia (NASDAQ:NVDA) -4.3% AH as server growth slowed down.
Snap (NYSE:SNAP) -14.4% AH amid slowing user growth.
Today’s Economic Calendar
8:30 Consumer Price Index
1:00 PM Baker-Hughes Rig Count
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY