Good morning. Happy Friday. Happy Employment Numbers Day.
The Asian/Pacific markets closed mixed. Japan, South Korea, Australia and Indonesia did well. The Philippines dropped more than 1%; China and New Zealand were also weak. Europe, Africa and the Middle East are currently mostly down. Greece, South Africa and Norway are up. Spain, Portugal and Israel are down more than 1%; Turkey, the UAE, Denmark, Hungary, Austria and the Czech Republic are also down. Futures in the States point towards a slight positive open for the cash market.
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Webinar: The Real Keys to Surviving and Making Solid Profits in the Market, Part I
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Webinar: The Real Keys to Surviving and Making Solid Profits in the Market, Part II
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Webinar: The Real Keys to Surviving and Making Solid Profits in the Market, Part III
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The dollar is flat. Oil is up; copper is down. Gold and silver are down. Bonds are flat.
Here are the employment numbers:
unemployment rate: 4.1% (was 4.2% last month)
nonfarm payrolls: +261K
private payrolls:
average workweek: unchanged at 34.4 hours
hourly wages: down 1 cent to $26.53/hour
labor participation rate:
September jobs was revised from -33K to +18K
August revised up from 169K to 208K.
Stock headlines from barchart.com…
Apple (AAPL +0.73%) rose nearly 3% to a new record high in after-hours trading after it reported Q4 revenue of $52.6 billion, better than consensus of $50.7 billion, and said it sees fiscal Q1 revenue of $84 billion-$87 billion, the mid-point above consensus of $84.5 billion. Apple suppliers also rallied in after-hours trading on Apple’s earnings results with Skyworks (SWKS +0.40%) up nearly 2%, Lumentum Holdings (LITE -6.88%) up over 2% and Broadcom Ltd (AVGO +0.08%) up over 1%.
Universal Display (OLED +1.16%) climbed almost 4% in after-hours trading after it reported Q3 revenue of $61.7 million, well above consensus of $46.7 million, and then said it sees full-year revenue of $310 to $320 million, better than consensus of $298.3 million.
Starbucks (SBUX -0.47%) tumbled 7% in after-hours trading after it reported Q4 comparable sales were up 2%, below estimates of up +3.2%.
Arista Networks (ANET -8.16%) rallied over 6% in after-hours trading after it reported Q3 revenue of $437.6 million, better than consensus of $418.6 million, and then said it sees Q4 revenue of $450 million to $464 million, well above consensus of $447.2 million.
Tableau Software (DATA +1.75%) dropped 13% in after-hours trading after it reported Q3 revenue of $314.9 million, below consensus of $219.3 million.
Activision Blizzard (ATVI +0.18%) gained nearly 2% in after-hours trading after it reported Q3 adjusted EPS of 60 cents, above consensus of 49 cents, and then said it sees 2017 adjusted EPS of $2.16, better than consensus of $2.13.
Cirrus Logic (CRUS +1.69%) rose 3% in after-hours trading after it reported Q2 revenue of $425.5 million, higher than consensus of $410.4 million, and then said it sees Q3 revenue of $510 million to $550 million, the mid-point above consensus of $523 million.
American International Group (AIG +0.49%) dropped more than 3% in after-hours trading after it reported a Q3 operating loss of -$1.22 a share, wider than consensus of -78 cents.
Fluor (FLR +1.18%) rose more than 1% in after-hours trading after it reported Q3 EPS of 67 cents, higher than consensus of 60 cents, and then said it sees full-year EPS of $1.50 to $1.60, the mid-point above consensus of $1.54.
Acacia Communications (ACIA -9.91%) fell 4% in after-hours trading after it said it sees Q4 adjusted EPS of 19 cents to 36 cents, well below consensus of 47 cents.
Varonis Systems (VRNS -2.44%) jumped over 10% in after-hours trading after it said it sees Q4 adjusted EPS of 28 cents to 29 cents, better than consensus of 27 cents, and then said it sees full-year adjusted EPS of 16 cents to 17 cents, above consensus of 8 cents.
Wingstop (WING -2.37%) climbed over 3% in after-hours trading after it reported Q3 revenue of $26 million, above consensus of $25.1 million.
Chemours (CC -2.00%) slid 3% in after-hours trading after it reported Q3 adjusted Ebitda of $381 million, below consensus of $388 million.
El Pollo Loco Holdings (LOCO -0.88%) dropped 7% in after-hours trading after it reported Q3 proforma EPS of 15 cents, weaker than consensus of 18 cents, and then said it sees full-year proforma EPS of 61 cents to 63 cents, below consensus of 67 cents.
Thursday’s Key Earnings
Activision Blizzard (NASDAQ:ATVI) +1.6% AH raising guidance.
AIG (NYSE:AIG) -3.3% AH posting a big loss for Q3.
Alibaba (NYSE:BABA) -0.7% despite growth in core commerce.
Apple (AAPL) +3.1% AH projecting massive holiday sales.
Chesapeake Energy (NYSE:CHK) -7.6% on a weak production outlook.
DowDuPont (DWDP) -1.8% promising more job cuts.
Enterprise Products (NYSE:EPD) -1.9% weighed down by Harvey.
Herbalife (NYSE:HLF) -6% AH with slumping North American sales.
Starbucks (NASDAQ:SBUX) -3.1% AH selling Tazo to Unilever.
Teva (NYSE:TEVA) -19.9% slashing its forecast for 2017.
Today’s Economic Calendar
8:30 Non-farm payrolls
8:30 International Trade
9:45 PMI Services Index
10:00 Factory Orders
10:00 ISM Non-Manufacturing Index
1:00 PM Baker-Hughes Rig Count
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY