Before the Open (Sep 1)

Good morning. Happy Friday. Happy September. Happy Employment Numbers Day.
The Asian/Pacific market traded quietly and closed with a lean to the upside. India, Malaysia and Singapore did well. Europe, Africa and the Middle East are doing well. France, Germany, Finland, Norway, the Netherlands, Italy, Belgium, Portugal, Israel, Austria and Sweden are leading; Turkey, Greece and Hungary are down. Futures in the States point towards a gap up open for the cash market.
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VIDEO: There’s a Bull Market Somewhere
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The dollar is down. Oil is down; copper is up. Gold and silver are up. Bonds are down.
Here are the employment numbers:
unemployment rate: 4.4% (was 4.3% last month)
nonfarm payrolls: +156K
private payrolls:
average workweek: down 0.1 hours to 34.4 hours
hourly wages: up 3 cents to $26.39/hour
labor participation rate:
Job growth in June reduced from 231K to 210K.
Job growth in July reduced from 209K to 189K.
Stock headlines from barchart.com…
Cooper Cos (COO +1.92%) reported Q3 adjusted EPS of $2.64, above consensus of $2.58, and then said it sees full-year adjusted EPS of $9.66-$9.76, higher than consensus of $9.64.
Global Medical REIT (GMRE -0.24%) was initiated with an ‘Overweight’ at Cantor Fitzgerald with a 12-month target price of $12.
Palo Alto Networks (PANW -0.08%) rallied over 5% in after-hours trading after it reported Q4 adjusted EPS of 92 cents, higher than consensus of 79 cents, and then said it sees Q1 revenue of $482 million-$492 million, the midpoint above consensus of $486.4 million.
Sally Beauty Holdings (SBH +0.11%) announced a $1 billion stock repurchase program through the end of fiscal year 2021.
Tech Data (TECD +0.69%) sank nearly 20% in after-hours trading after it reported Q2 adjusted EPS of $1.74, below consensus of $2.06, and said it sees Q3 adjusted EPS of $1.84-$2.04, weaker than consensus of $2.22.
Oxford Industries (OXM -1.08%) reported Q2 adjusted EPS from continuing operations at $1.44, better than consensus of $1.43, and then said it sees full-year net sales of $1.09 billion-$1.11 billion, the midpoint higher than consensus of $1.09 billion.
Ambarella (AMBA +0.59%) fell nearly 10% in after-hours trading after it said in a conference call that it expects fiscal year revenue will fall -3% to -7%, down from a prior view of plus or minus 3%.
Lululemon Athletica (LULU -0.10%) climbed nearly 5% in after-hours trading after it reported Q2 adjusted EPS of 39 cents, higher than consensus of 35 cents, and then said it sees full-year adjusted EPS of $2.35-$2.42, better than consensus of $2.16.
Nutanix (NTNX +0.46%) rose over 3% in after-hours trading after it reported Q4 revenue of $226.1 million, better than consensus of $218 million, and then said it sees Q1 revenue of $240 million-$250 million, above consensus of $231.1 million.
MacroGenics (MGNX +4.82%) slumped 13% in after-hours trading after it reported that Janssen terminated its collaboration and licensing agreement pact with MGNX for duvortuxizumab.
Progenics (PGNX +1.66%) dropped nearly 8% in after-hours trading after it said it was notified by its third-party vendor that the commercial drug manufacturing facility for AZEDA requires more time to prepare for pre-approval inspection by the FDA.
Iovance Biotherapeutics (IOVA +3.60%) jumped over 15% in after-hours trading after it received fast track designation from the FDA for its LN-144 for treatment of advanced melanoma.
Thursday’s Key Earnings
Lululemon (NASDAQ:LULU) +5.4% AH lifting guidance.
TD Bank (NYSE:TD) +4.4% beating estimates.
Today’s Economic Calendar
Auto Sales
8:30 Non-farm payrolls
9:45 PMI Manufacturing Index
10:00 ISM Manufacturing Index
10:00 Construction Spending
10:00 Consumer Sentiment
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