Before the Open (Nov 9)

Good morning. Happy Thursday.
The Asian/Pacific markets closed mixed. Hong Kong, China and Australia did well; Japan, New Zealand, Taiwan and Thailand were weak. Europe, Africa and the Middle East are mostly down. The UAE is up, but Poland, Turkey, Germany, Denmark, Finland, Norway, Israel, Austria and Sweden are down more than 1%. Futures in the States point towards a relatively big gap down open for the cash market.
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VIDEO: Oil Setups and Trades Profiled
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The dollar is down. Oil is up slightly, and copper is down. Gold is up; silver is down. Bonds are down.
Stock headlines from barchart.com…
Pegasystems (PEGA -1.87%) fell 6% in after-hours trading after it reported Q3 adjusted EPS of 5 cents, well below consensus of 15 cents.
Medtronic PLC (MDT -0.26%) rose over 2% in after-hours trading after it reported preliminary Q2 revenue of $7.05 billion, higher than consensus of $6.87 billion.
Monster Beverage (MNST +0.14%) slid 5% in after-hours trading after it reported Q3 gross profit margin of 62.6%, below consensus of 64.4%.
Hologic (HOLX +0.10%) dropped 6% in after-hours trading after it forecast Q1 adjusted EPS of 48 cents-50 cents, weaker than consensus of 52 cents, and said it sees full-year adjusted EPS of $2.10 to $2.15, the mid-point below consensus of $2.15.
RingCentral (RNG -1.47%) gained nearly 2% in after-hours trading after it reported Q3 revenue of $129.8 million, better than consensus of $126 million.
SolarEdge Technologies (SEDG +0.15%) rallied over 12% in after-hours trading after it reported Q3 revenue of $166.6 million, higher than consensus of $159.2 million, and then said it sees Q4 revenue of $175 million to $185 million, well above consensus of $146.9 million.
Kronos Worldwide (KRO +0.73%) climbed almost 3% in after-hours trading after it reported Q3 EPS of 64 cents, well above consensus of 44 cents.
Twilio (TWLO -1.94%) rose over 2% in after-hours trading after it said it sees Q4 revenue of $102.5 million to $104.5 million, above consensus of $98.6 million, and then said it sees full-year revenue of $386.5 million to $288.5 million, better than consensus of $374 million.
Achaogen (AKAO +3.01%) dropped 6% in after-hours trading after it said it ended Q3 with cash and cash equivalents of $199.4 million versus $230.3 million at the end of last quarter.
Hostess Brands (TWNK +0.62%) slipped almost 2% in after-hours trading after it reported Q3 revenue of $192.3 million, weaker than consensus of $197.9 million.
Bristow Group (BRS -0.11%) surged 17% in after-hours trading after it reported Q2 operating revenue of $358 million, better than consensus of $348 million.
Energous (WATT +0.27%) lost nearly 3% in after-hours trading after it reported a Q3 adjusted Ebitda loss of -$7.9 million, a wider loss than consensus of -$7.2 million.
SRC Energy (SRCI +0.55%) fell 7% in after-hours trading after it filed to sell 35 million shares of common stock.
Maiden Holdings Ltd (MHLD +0.60%) tumbled 16% in after-hours trading after it reported an unexpected Q3 operating loss of -66 cents per share, weaker than consensus of a profit of 9 cents EPS.
Otonomy (OTIC -1.75%) catapulted over 110% higher in after -hours trading after its Otividex drug met its primary endpoint in a Phase 3 study of patients with Meniere’s Disease with no drug-related serious adverse events observed.
Wednesday’s Key Earnings
21st Century Fox (NASDAQ:FOXA) +1% AH boosted network fees.
CenturyLink (NYSE:CTL) -7.8% AH lowering full-year guidance.
Roku (NASDAQ:ROKU) +28.2% AH on strong maiden earnings.
Square (NYSE:SQ) -2.1% AH despite raising its outlook.

Today’s Economic Calendar
8:30 Initial Jobless Claims
9:45 Bloomberg Consumer Comfort Index
10:00 Wholesale Trade
10:30 EIA Natural Gas Inventory
1:00 PM Results of $15B, 30-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

One thought on “Before the Open (Nov 9)

  1. So far this year, Chinese tech companies have been the stars. Among exchange-traded funds, the WisdomTree China ex-State-Owned Enterprises Fund (CXSE) has returned 58%, and the Guggenheim China Technology ETF (CQQQ) is up 56%. But…closing the EM plays today. I think the market is going fall and it is time to harvest most investment income. GO With care..

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