Before the Open (Sep 8)

Good morning. Happy Friday.
The Asian/Pacific markets closed mixed. Hong Kong, New Zealand, Taiwan and Indonesia lead to the upside while Japan and South Korea posted losses. Europe, Africa and the Middle East are trading mixed. Russia and Saudi Arabia are up; the UK, Turkey, Norway and Hungary are down. Futures in the States point towards a moderate gap down open for the cash market.
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VIDEO: My Favorite Intermediate Term Trading Setup
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The dollar is down. Oil and copper are down. Gold and silver are up. Bonds are up.
Stock headlines from barchart.com…
Aflac (AFL -1.38%) was downgraded to ‘Underperform’ from ‘Neutral’ at Bank of America/Merrill Lynch.
Teleflex (TFX +0.77%) was upgraded to ‘Outperform’ from ‘Market Perform’ at Leerink Partners LLC with a price target of $266.
Equifax (EFX +0.94%) fell 6% in after-hours trading after it said a cybersecurity incident may potentially impact approximately 143 million U.S. customers.
Zumiez (ZUMZ +0.38%) jumped over 10% in after-hour trading after it said it sees Q3 revenue of $236 million to $241 million, higher than consensus of $228.2 million,
Science Applications International (SAIC -0.25%) dropped 6% in after-hours trading after it reported Q2 adjusted EPS of 80 cents, below consensus of 91 cents.
Finisar (FNSR -0.41%) slipped 6% in after-hours trading after it said it sees Q2 revenue of $322 million to $342 million, weaker than consensus of $369.2 million.
VeriFone Systems (PAY +0.57%) slid nearly 5% in after-hours trading after it said it sees Q4 adjusted EPS of 43 cents, weaker than consensus of 46 cents, and that it sees full-year adjusted EPS of $1.30, below consensus of $1.33.
Redfin (RDFN -1.93%) moved up over 3% in after-hours trading after it said it sees Q3 revenue of $108.5 million-$110.5 million, above consensus of $107.2 million.
Cloudera (CLDR +1.71%) rose over 2% in after-hours trading after it reported Q2 revenue of $89.8 million, better than consensus of $85.7 million, and then said it sees full-year revenue of $355 million to $360 million, above consensus of $347.9 million.
Okta Inc (OKTA +0.37%) climbed 3% in after-hours trading after it reported Q2 revenue of $61 million, above consensus of $55.9 million, and said it sees Q3 revenue of $62 million to $63 million, higher than consensus of $60.1 million.
Versartis (VSAR +7.44%) gained 2% in after-hours trading after it confirmed that Phase 3 topline data on its pediatric growth hormone deficiency therapy will be out at the end of the month.
REV Group (REVG +0.40%) rose over 2% in after-hours trading after it reported Q3 adjusted Ebitda of $45.5 million, better than consensus of $42.5 million.
American Outdoor Brands (AOBC unch) slumped 17% in after-hours trading after it reported Q1 adjusted EPS of 2 cents, well below consensus of 11 cents, and then said it sees full-year adjusted EPS of $1.04 to $1.24, weaker than consensus of $1.52.
Kura Oncology (KURA -1.44%) soared over 25% in after-hours trading after its drug Tipifarnib achieved its primary endpoint in a Phase 2 trial of patients with HRAS mutant relapsed or refractory squamous cell carcinomas.
Today’s Economic Calendar
8:45 Fed’s Harker: “Consumer Finance”
10:00 Wholesale Trade
1:00 PM Baker-Hughes Rig Count
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

5 thoughts on “Before the Open (Sep 8)

  1. Jason,
    for as long as i can remember,on ”the before the open ” you used to give your ”unbiased ”,common sense
    view as a swing trader –and i really loved it ,especially different time frames to a day trader
    some times your views really helped me even if different to mine
    please reconsider re doing this again
    imo the world is in the process of putting in long term tops for a terminal broadening jaws of death
    from decades ago
    currencies,bonds,debt and shares will all come into sync to form a top and end the 2009 bull and multi
    decade bull
    i am a bull in prosperity-1987 etc-2000-7 –all bubbles
    and the 2009 kick the can down the road funny money but now is ridiculous

  2. someone will have to pay the piper,musical chairs,pyramid selling to mutuals/sovereigns
    it will continue whilst we have funny money
    who will default first

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