Before the Open (Aug 15)

Good morning. Happy Tuesday.
The Asian/Pacific market closed mostly up. Japan, South Korea, India, New Zealand and Taiwan did well. Europe, Africa and the Middle East are currently mixed and little changed. Kenya, Italy and Austria are doing the best; South Africa and Russia are weak. Futures in the States point towards a positive open for the cash market.
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VIDEO: The Decennial Pattern – With a Focus on Years Ending in 7, 8 and 9
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The dollar is up. Oil is down; copper is up. Gold and silver are up. Bonds are up.
Stock headlines from barchart.com…
Home Depot (HD -0.40%) rose nearly 2% in pre-market trading after it reported Q2 EPS of $2.25, better than consensus of $2.21, and then raised guidance on full-year EPS to $7.29 from a prior view of $7.15.
American Eagle Outfitters (AEO -2.32%) was upgraded to ‘Buy’ from ‘Market Perform’ at FBR Capital Markets with a 12-month target price of $13.
NetApp (NTAP +1.30%) was upgraded to ‘Buy’ from ‘Neutral’ at Longbow Research with a 12-month target price of $50.
Wynn Resorts Ltd (WYNN +2.03%) was upgraded to ‘Buy’ from ‘Hold’ at Deutsche Bank.
Targa Resources (TRGP -1.31%) was upgraded to ‘Buy’ from ‘Neutral’ at Guggenheim Securities with a 12-month target price of $50.
Synchrony Financial (SYF +1.51%) climbed nearly 5% in after-hours trading after Berkshire Hathaway reported that it increased its stake in SYF to $520 million in Q2.
FibroGen (FGEN +5.76%) lost over 2% in after-hours trading after it announced that it intends to offer and sell up to $300 million of its common stock in an underwritten follow-on offering.
Allscripts Healthcare Solutions (MDRX +0.47%) gained 1% in after-hours trading after it was upgraded to ‘Overweight’ from ‘Neutral’ at Cantor Fitzgerald with a price target of $17.
Omeros (OMER +4.95%) dropped nearly 5% in after-hours trading after it filed to sell 3 million shares of its common stock in a secondary public offering.
Pandora Media (P -0.12%) rose 4% in after-hours trading after it named Sling TV CEO Roger Lynch as CEO and board member effective September 18.
Extreme Networks (EXTR +8.00%) jumped 10% in after-hours trading after it reported Q4 adjusted EPS of 17 cents, above consensus of 15 cents.
Photronics (PLAB +3.68%) plunged 16% in after-hours trading after it reported Q3 revenue of $111.6 million, below consensus of $115.2 million, and then said it sees Q4 revenue of $108 million-$116 million, weaker than expectations of $124.2 million.
Monday’s Key Earnings
JD.com (NASDAQ:JD) -3.6% indicating some slowdown ahead.
Sysco (NYSE:SYY) -1% narrowly beating estimates.
Today’s Economic Calendar
8:30 Retail Sales
8:30 Empire State Mfg Survey
8:30 Import/Export Prices
8:55 Redbook Chain Store Sales
10:00 Business Inventories
10:00 NAHB Housing Market Index
4:00 PM Treasury International Capital
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY