Before the Open (Oct 17)

Good morning. Happy Tuesday.
The Asian/Pacific markets closed mixed. Japan, South Korea, New Zealand, Australia and the Philippines closed up; China, Taiwan and Malaysia closed down. Europe, Africa and the Middle East are currently mixed. The UK, Turkey, Spain and the Czech Republic are up; the UAE, Greece, Denmark, Russia, Hungary and South Africa are down. Futures in the States are down a small amount.
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VIDEO: There’s a Bull Market Somewhere
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The dollar is up. Oil is up; copper is down. Gold and silver are down. Bonds are flat.
Stock headlines from barchart.com…
Briggs & Stratton (BGG +1.07%) was downgraded to ‘Underperform’ from ‘Market Perform’ at Raymond James.
Morgan Stanley (MS +1.33%) gained nearly 2% in pre-market trading after it reported Q3 FICC sales and trading revenue of $1.17 billion, better than consensus of $1.15 billion.
Humana (HUM -0.24%) was initiated a new ‘Outperform’ at BMO Capital Markets with a 12-month target price of $300.
Celgene (CELG +0.18%) was initiated a new ‘Outperform’ at Bernstein with a 12-month target price of $162.
Netflix (NFLX +1.60%) gained almost 2% in after-hours trading after it reported Q3 domestic streaming net adds of 850,000, more than consensus of 774,000, and then said it sees Q4 revenue of $3.27 billion, better than consensus of $3.16 billion.
Sonic (SONC +1.72%) lost over 2% in after-hours trading after it reported Q4 revenue of $123.6 million, less than consensus of $125 million.
Badger Meter (BMI -1.17%) slumped 11% in after-hours trading after it reported Q3 EPS of 27 cents, below consensus of 35 cents.
KMG Chemicals (KMG) rose over 2% in after-hours trading after it forecast full-year net sales of $435 million-$450 million, well above consensus of $386.5 million.
Brown & Brown (BRO -0.85%) dropped 5% in after-hours trading after it reported Q3 revenue of $475.6 billion, below consensus of $476 million.
Spirit Airlines (SAVE -0.98%) climbed 5% in after-hours trading after it reported traffic in Sep was up +5.9% and that it now sees Q3 traffic down -6.5% y/y, less than a prior forecast of down -7% y/y to -8.5% y/y.
Caesars Entertainment (CZR -2.47%) may move higher on the opening today after Apollo Global Management reported a 15% stake in the company.
Abeona Therapeutics (ABEO +3.73%) slid 4% in after-hours trading after it announced a public offering of common stock, although no size was given.
Immune Design (IMDZ -7.76%) jumped 9% in after-hours trading after it said it will start a Phase 3 trial of its CMB305 drug as a vaccine for patients with synovial sarcoma.
KalVista Pharmaceuticals (KALV -2.77%) gained 3% in after-hours trading after Director Rajeev Shah reported a purchase of 850,000 shares on Oct 12 at $8.50 apiece.
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VIDEO: The Trend is Your Friend
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Monday’s Key Earnings
Netflix (NFLX) +2.2% AH boosted by subscriber growth.
Today’s Economic Calendar
8:30 Import/Export Prices
8:55 Redbook Chain Store Sales
9:15 Industrial Production
10:00 NAHB Housing Market Index
2:00 PM Treasury Budget
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