Good morning. Happy Thursday.
The Asian/Pacific markets closed mixed. China, India, Singapore and Thailand did well; Hong Kong, New Zealand, South Korea, Indonesia and Philippines posted losses. Europe, Africa and the Middle East lean to the upside. Spain is up more than 2%; Switzerland, Kenya and Italy are up more than 1%; the UK, Germany, France, Greece, South Africa, the Netherlands and Portugal are also doing well. The UAE, Finland, Norway and Austria are down. Futures in the States point towards a slight up open for the cash market.
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The dollar is up. Oil is flat; copper is down. Gold is down a small amount; silver is flat. Bonds are up.
Stock headlines from barchart.com…
Buffalo Wild Wings (BWLD -4.12%) surged 20% in after-hours trading after it reported Q3 adjusted EPS of $1.36, well above consensus of 79 cents, and then said it sees full-year EPS of $4.85 to $5.15, better than consensus of $4.40.
O’Reilly Automotive (ORLY -0.30%) dropped 6% in after-hours trading after it said it sees Q4 EPS of $2.65 to $2.75, weaker than consensus of $2.80, and then lowered its full-year revenue estimate to $8.9 billion to $9.0 billion from a prior view of $8.9 billion to $9.1 billion, the mid-point below consensus of $8.98 billion.
Tractor Supply (TSCO -0.65%) rose 2% in after-hours trading after it reported Q3 EPS of 72 cents, above consensus of 68 cents, and then raised guidance on full-year EPS to $3.25 to $3.29 from a prior view of $3.22 to $3.27, higher than consensus of $3.25.
PRA Health Sciences (PHAH) gained 2% in after-hours trading after it reported Q3 adjusted EPS of 88 cents, better than consensus of 84 cents, and then said it sees full-year adjusted EPS of $3.28 to $3.35, higher than consensus of $3.20.
Citrix Systems (CTXS -0.91%) lost 3% in after-hours trading after it reported Q3 net revenue of $690.9 million, below consensus of $691.6 million, and then said it sees 2018 revenue growth of 1% to 2%, below consensus of 4%.
Sarepta Therapeutics (SRPT -1.23%) climbed almost 4% in after-hours trading after it reported Q3 revenue of $46.0 million, higher than consensus of $40.7 million, and then said its sees full-year revenue of $150 million to $155 million, better than consensus of $139.7 million.
Dolby Laboratories (DLB -1.30%) slid 4% in after-hours trading after it reported Q4 revenue of $242 million, weaker than consensus of $244.8 million, and then said it sees full-year revenue of $1.14 billion to $1.17 billion, the mid-point below consensus of $1.16 billion.
Netgear (NTGR -4.87%) fell 5% in after-hours trading after it forecast Q4 revenue of $375 million-$390 million, below consensus of $393 million.
Las Vegas Sands (LVS -0.38%) rose almost 2% in after-hours trading after it reported Q3 net revenue of $3.20 billion, better than consensus of $3.13 billion.
Nutrisystem (NTRI +0.09%) tumbled 11% in after-hours trading after it said it expects Q4 EPS between 37 cents and 42 cents, the mid-point below consensus of 40 cents.
Callaway Golf (ELY -1.26%) gained almost 2% in after-hours trading after it reported Q3 net sales of $243.6 million, better than consensus of $207.8 million, and then said it sees full-year sales of $1.03 billion to $1.04 billion, higher than consensus of $998.7 million.
Coeur Mining (CDE -0.83%) fell 4% in after-hours trading after it reported Q3 revenue of $176 million, less than consensus of $180 million.
Whiting Petroleum (WLL +1.88%) rallied almost 5% in after-hours trading after it reported a Q3 adjusted loss per share of -14 cents, narrower than expectations of -19 cents.
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Today’s Economic Calendar
8:30 Initial Jobless Claims
8:30 International trade in goods
9:45 Bloomberg Consumer Comfort Index
10:00 Pending Home Sales
10:30 EIA Natural Gas Inventory
11:00 Kansas City Fed Mfg Survey
1:00 PM Results of $28B, 7-Year Note Auction
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
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 26)”
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The EU is having a go at money management, Bail-ins where the authorities use your bank deposits to pay off bank or national debt. Insane and frightening, but catching. LOOK in what you can do to protect your wealth because the Congress is playing with its budget, taxes and the rules for spending. You are looking good to many recently.
A 60:40 allocation to passive long-only equities and bonds has been a great proposition for the last 35 years,” …”We are profoundly worried that this could be a risky allocation over the next 10.” – Sanford C. Bernstein & Company Analysts (January 2017)