Before the Open (Oct 24)

Good morning. Happy Tuesday.
The Asian/Pacific markets leaned to the downside. Japan and Thailand did well; Hong Kong, Malaysia, Singapore and the Philippines closed down. Europe, Africa and the Middle East are currently split. France, the UAE, Spain and Italy are up; Poland, Denmark and Sweden are down. Futures in the States point towards a positive open for the cash market.
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VIDEO: There’s a Bull Market Somewhere
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The dollar is flat. Oil and copper are up. Gold and silver are down. Bonds are down.
Stock headlines from barchart.com…
American Express (AXP +0.31%) was upgraded to ‘Neutral’ from ‘Underweight’ at Atlantic Equities LLP with a price target of $100.
Hasbro (HAS -8.60%) was upgraded to ‘Overweight’ from ‘Equal-Weight’ at Barclays with a price target of $110.
BroadSoft (BSFT +1.67%) was downgraded to ‘Outperform’ from ‘Strong Buy’ at Raymond James.
Regeneron (REGN -0.05%) was assumed at Guggenheim Securities with a ‘Buy’ recommendation of with a price target of $540.
Seattle Genetics (SGEN -2.33%) was assumed at Guggenheim Securities with a ‘Buy’ recommendation with a 12-month target price of $72.
Intercept Pharmaceuticals (ICPT -1.87%) rose 3% in after-hours trading after it said the results from a Phase 2 trial of its OCA daily treatment of primary sclerosing cholangitis met their primary endpoint.
Whirlpool (WHR +0.02%) tumbled over 6% in after-hours trading after it reported Q3 net sales of $5.42 billion, weaker than consensus of $5.51 billion, and then cut its full-year EPS estimate to $13.60 to $13.90 from a prior view of $14.50 to $15, well below consensus of $14.62.
Core Laboratories NV (CLB -1.94%) climbed almost 4% in after-hours trading after it reported Q3 revenue of $166.2 million, above consensus of $161 million.
HNI Corp. (HNI -1.33%) sank 16% in after-hours trading after it said it sees Q4 adjusted EPS of 38 cents-45 cents, well below consensus of 96 cents, and then said it sees full-year adjusted EPS of $2.15-$2.65, weaker than consensus of $2.98.
Knoll (KNL -0.10%) rallied over 12% in after-hours trading after it reported Q3 EPS of 39 cents, better than consensus of 35 cents.
uniQure NV (QURE -3.89%) fell nearly 4% in after-hours trading after it announced that it had commenced an underwritten public offering of 5 million shares of its common stock.
Corbus Pharmaceuticals (CRBP -4.76%) dropped almost 5% in after-hours trading after it launched a secondary offing of $30 million in shares of its common stock at $7 a share.
Immune Design (IMDZ unch) slumped 18% in after-hours trading after it announced that it plans to sell up to 16 million shares of its common stock in an underwritten public offering.
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Monday’s Key Earnings
Arconic (NYSE:ARNC) -10.4% missing earnings, new CEO.
Halliburton (NYSE:HAL) -2.5% warning of slower growth.
Kimberly Clark (NYSE:KMB) -0.8% on mixed results.
Seagate (NASDAQ:STX) +12.6% seeing signs of a turnaround.
Whirlpool (NYSE:WHR) -7.4% AH cutting its guidance.
Today’s Economic Calendar
8:55 Redbook Chain Store Sales
9:45 PMI Composite Flash
10:00 Richmond Fed Mfg.
1:00 PM Results of $26B, 2-Year Note Auction
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY