Good morning. Happy Wednesday.
The Asian/Pacific markets closed mostly up. Japan dropped, but China, Hong Kong, India and Indonesia did well. Europe, Africa and the Middle East are currently mostly up. The UK is down, but Turkey, Denmark, South Africa, Kenya, Norway, Hungary, Austria and the Czech Republic are doing well. Futures in the States point towards a down open for the cash market.
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VIDEO: Profiling the Electrical Manufacturing Group
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The dollar is flat. Oil and copper are down. Gold and silver are down. Bonds are down.
Stock headlines from barchart.com…
KB Home (KBH +2.45%) was initiated with a ‘Sell’ rating at UBS with a 12-month target price of $24.
Visa (V +0.82%) rose almost 1% in pre-market trading after it reported Q4 operating revenue of $4.90 billion, above consensus of $4.63 billion.
Ameriprise Financial (AMP -0.14%) gained over 1% in after-hours trading after it reported Q3 operating EPS of $3.53, well above consensus of $2.80.
Capital One Financial (COF -0.22%) climbed nearly 3% in after-hours trading after it reported Q3 adjusted EPS of $2.42, well above consensus of $2.15.
Edward Lifesciences (EW +0.12%) dropped nearly 6% in after-hours trading after it reported Q3 adjusted EPS of 84 cents, below consensus of 86 cents, and then said it sees Q4 adjusted EPS of 84 cents-94 cents, the mid-point below consensus of 91 cents.
iRobot (IRBT +0.57%) climbed almost 6% in after-hours trading after it reported Q3 EPS of 76 cents, well above consensus of 46 cents, and then said it sees full-year EPS of $1.65 to $2.00, the mid-point well above consensus of $1.68.
Akamai Technologies (AKAM +0.87%) jumped 10% in after-hours trading after it reported Q3 revenue of $621.4 million, above consensus of $610.7 million.
Illumina (ILMN -0.35%) gained 2% in after-hours trading after it reported Q3 adjusted EPS of $1.11, better than expectations of 99 cents, and then said it sees full-year adjusted EPS of $3.73 to $3.78, higher than consensus of $3.65.
Acadia Healthcare (ACHC -1.28%) sank 18% in after-hours trading after it reported Q3 adjusted EP from continuing operations of 58 cents, weaker than consensus of 65 cents, and then lowered guidance on full-year adjusted EPS to $2.23 to $2.25 from a prior view of $2.42 to $2.47, below consensus of $2.44.
Chipotle Mexican Grill (CMG +1.20%) tumbled 10% in after-hours trading after it reported Q3 EPS of $1.33, well below consensus of $1.63 and said it sees full-year comparable sales up +6.5%, lower than consensus of +7.2%.
Total System Services (TSS +0.04%) rose almost 3% in after-hours trading after it reported Q3 adjusted EPS of 88 cents, better than consensus of 80 cents, and then said it sees full-year adjusted PS from continuing operations of $3.29 to $3.35, above consensus of $3.28.
Shutterfly (SFLY -0.85%) slid almost 4% in after-hours trading after it said it sees Q4 revenue of $538 million to $568 million, the mid-point below consensus of $565.4 million.
Juniper Networks (JNPR +1.55%) dropped over 6% in after-hours trading after it said it sees Q4 adjusted EPS about 52 cents, plus or minus 3 cents, weaker than consensus of 61 cents.
Express Scripts Holdings (ESRX +0.34%) fell over 1% in after-hours trading after it reported Q3 revenue of $24.68 billion, less than consensus of $25.64 billion.
AT&T (T -1.11%) lost over 1% in after-hours trading after it reported Q3 revenue of $39.7 billion, below consensus of $40.08 billion.
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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
7:00 MBA Mortgage Applications
8:30 Durable Goods
9:00 FHFA House Price Index
10:00 New Home Sales
10:30 EIA Petroleum Inventories
11:30 Results of $15B, 2-Year FRN Auction
1:00 PM Results of $34B, 5-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
2 thoughts on “Before the Open (Oct 25)”
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We finished the 2017 fiscal year in September with a { public and private}, deficit of approximately $666 billion, which is up 13.7% from the previous fiscal year. It looks as though deficits will only worsen in the years ahead, especially if the proposed federal and state tax reforms become law in 2018. The corporate borrowing to buy back stock to sell to the public is the source of most of the greatest growth in debt annually. National bankruptcy leads to inflation. Look at Venezuela…………….soon
The cabal is showing their arse on that one….666B…Luciferians should love this..The light is gaining strength daily and the masses are beginning to awaken..