Before the Open (Nov 8)

Good morning. Happy Wednesday.
The Asian/Pacific markets leaned to the downside. South Korea did well; Hong Kong, India and Malaysia were weak. Europe, Africa and the Middle East currently lean to the downside. Greece and Russia are doing well; the UK, Turkey, the UAE, South Africa, Kenya, Italy, Belgium and Austria are down. Futures in the States point towards a mixed and flat open for the cash market.
—————
VIDEO: Oil Setups and Trades Profiled
—————
The dollar is flat. Oil is down; copper is up. Gold and silver are up. Bonds are down.
Stock headlines from barchart.com…
Brown & Brown (BRO -0.61%) was downgraded to ‘Sell’ from ‘Neutral’ at Citigroup with a price target of $47.
Take-Two Interactive Software (TTWO -0.57%) rallied 8% in after-hours trading after it reported Q2 EPS of $1.09, higher than consensus 74 cents, and then raised guidance on fiscal 2018 adjusted EPS to $2.81-$3.00 from an Aug 2 estimate of $1.95-$2.16, well above consensus of $2.22.
DXC Technology (DXC -0.53%) rose 5% in after-hours trading after it reported Q2 adjusted EPS of $1.93, well ahead of consensus of $1.53.
Coherent (COHR -0.25%) jumped 8% in after-hours trading after it reported Q4 net sales of $490.3 million, better than consensus of $475.4 million.
DaVita (DVA -0.76%) lost 5% in after-hours trading after it reported Q3 adjusted EPS of 81 cents, well below consensus of 94 cents.
Match Group (MTCH -3.06%) climbed 5% in after-hours trading after it reported Q3 total revenue of $343.4 million, higher than consensus of $329.3 million.
ACADIA Pharmaceuticals (ACAD -0.28%) gained nearly 3% in after-hours trading after it reported Q3 revenue of $35.6 million, better than consensus of $32 million.
Carvana (CVNA -7.40%) lost over 5% in after-hours trading after it cut the upper end of its full-year revenue estimate to $850 million-$880 million from a prior view of $850 million-$910 million.
Glaukos (GKOS -10.94%) rose 5% in after-hours trading after it reported an unexpected Q3 profit of 4 cents a share, better than consensus for a -2 cents a share loss.
Extreme Networks (EXTR +0.17%) lost more than 2% in after-hours trading after it said it sees Q2 adjusted EPS of 10 cents to 14 cents, weaker than consensus of 18 cents.
Chubb (CB +0.40%) was upgraded to ‘Overweight’ from ‘Neutral’ at JP Morgan Chase with a target price of $175.
Applied Optoelectronics (AAOI +0.24%) gained 3% in after-hours trading after it said it sees “solid” datacenter demand for its 100G CWDM transceivers, and revenue for its CATV products reached a new record.
LendingClub (LC -6.67%) tumbled 17% in after-hours trading after it reported Q3 net revenue of $154 million, below consensus of $156.3 million, and then said it sees Q4 net revenue of $158 million to $163 million, weaker than consensus of $171.7 million.
Fossil Group (FOSL -1.86%) dropped 13% in after-hours trading after the company predicted bleak sales over the holiday season and says it sees Q4 net sales down -3.5% to -11%, well below consensus of down -1%.
Redhill Biopharma Ltd (RDHL -9.64%) plunged 20% in after-hours trading after it announced that it intends to offer $15 million in American Depository Shares, each representing ten of its ordinary shares, in an underwritten public offering.
Tuesday’s Key Earnings
Emerson Electric (NYSE:EMR) -2.3% after a disappointing outlook.
Energy Transfer Equity (NYSE:ETE) -3.1% AH missing estimates.
Energy Transfer Partners (NYSE:ETP) -2.4% AH on lower revenues.
LendingClub (NYSE:LC) -18.1% AH cutting its guidance.
Snap (SNAP) -17.1% AH as losses more than tripled.
Valeant Pharma (NYSE:VRX) +17.1% with Bausch & Lomb strength.
Today’s Economic Calendar
7:00 MBA Mortgage Applications
10:30 EIA Petroleum Inventories
1:00 PM Results of $20B, 10-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