Good morning. Happy Thursday.
The Asian/Pacific markets closed mostly up. Hong Kong, South Korea, India, Taiwan, Indonesia, Singapore and the Philippines did well. Europe, Africa and the Middle East currently lean to the upside. The UK, Turkey, the UAE, Germany and Saudi Arabia are doing well; Kenya and Italy are weak. Futures in the States point towards a down open for the cash market.
—————
VIDEO: There’s a Bull Market Somewhere
—————
The dollar is up a small amount. Oil is down; copper is up. Gold and silver are up. Bonds are up.
Stock headlines from barchart.com…
JPMorgan Chase (JPM -0.30%) is down -0.6% in pre-market trading after it reported Q3 FICC sales and trading revenue of $3.16 billion, below consensus of $3.18 billion.
Disney (DIS -1.03%) was downgraded to ‘Neutral’ from ‘Buy’ at Guggenheim Securities.
Williams-Sonoma (WSM -1.38%) was downgraded to ‘Underperform’ from ‘Neutral’ at Credit Suisse with a price target of $44.
Host Hotels (HST +0.65%) was upgraded to ‘Buy’ from ‘Hold’ at Deutsche Bank with a price target of $21.
Square (SQ +2.17%) was initiated as a new ‘Outperform’ at Oppenheimer with a price target of $35.
Juniper Networks (JNPR -1.65%) slid nearly 3% in after-hours trading after it reported preliminary Q3 revenue of $1.25 billion-$1.26 billion, below a prior estimate of $1.29 billion-$1.35 billion and below consensus of $1.33 billion.
NanoString Technologies (NSTG +0.13%) dropped nearly 10% in after-hours trading after it reported preliminary Q3 revenue of $25.9 million-$26.9 million, below consensus of $27.7 million.
Blackhawk Network Holdings (HAWK -0.90%) fell almost 7% in after-hours trading after it said it sees full-year adjusted EPS of $1.56 to $1.70, the midpoint below consensus of $1.68.
Protagonist Therapeutics (PTGX +0.71%) slumped over 10% in after-hours trading after it proposed an underwritten public offering of $50 million of its common stock.
Kandi Technologies Group (KNDI -7.82%) dropped over 5% in after-hours trading after it filed a $300 million shelf of mixed securities.
Babcock & Wilcox Enterprises (BW +4.22%) rose almost 6% in after-hours trading after Viex Capital reported a 6.4% stake in the company.
J. Jill (JILL -2.17%) plunged 35% in after-hours trading after it cut its Q3 adjusted EPS estimate to 8 cents-10 cents from an Aug 29 estimate of 18 cents-20 cents, citing lower than expected sales trends across retail and direct channels.
Ardelyx (ARDX unch) surged 45% in after-hour trading after it said its tenapanor drug for treatment of irritable bowel syndrome with constipation met statistical significance for the primary endpoint and all secondary endpoints in the second Phase 3 study.
Sigma Designs (SIGM +0.77%) rose almost 4% in after-hours trading after it said it will cut between 200 to 250 positions worldwide under its restructuring plan.
Wednesday’s Key Earnings
Blackhawk Network (NASDAQ:HAWK) -7.2% AH on Q3 revenue miss.
—————
Join our email list – get technical research reports sent directly to you.
—————
Today’s Economic Calendar
8:30 Initial Jobless Claims
8:30 Producer Price Index
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
10:30 Fed’s Reserve Gov. Lael Brainard speech
10:30 Fed’s Powell speech
11:00 EIA Petroleum Inventories
1:00 PM Results of $12B, 30-Year Note Auction
2:00 PM Treasury Budget
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
7:00 PM Fed’s Bostic Speech
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY