Before the Open (Nov 14)

Good morning. Happy Tuesday.
The Asian/Pacific markets closed with a lean to the downside. New Zealand, Thailand and the Philippines did well; China, Hong Kong, Australia, Indonesia and Singapore were weak. Europe, Africa and the Middle East lean to the downside. Turkey, Greece, Hungary and Portugal are up; Denmark, South Africa, Norway, Italy, Belgium and Austria are down. Futures in the States point towards a moderate gap down open for the cash market.
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The dollar is down. Oil and copper are down. Gold and silver are down. Bonds are up.
Stock headlines from barchart.com…
Phillips 66 (PSX -0.36%) was downgraded to ‘Underweight’ from ‘Equal-Weight’ at Barclays.
Advanced Auto Part (AAP +1.31%) rose 3% in pre-market trading after it reported Q3 adjusted EPS of $1.43 better than consensus of $1.21.
Buffalo Wild Wings (BWLD -1.35%) soared over 25% in after-hours trading after the WSJ reported a person familiar with the matter said Roark Capital Group offered to buy the company for $2.3 billion.
Western Digital (WDC -0.54%) gained almost 3% in after-hours trading after Yumiuri reported that WDC and Toshiba are in “serious” talks to settle a legal dispute over the sale of Toshiba’s chip unit.
Sage Therapeutics (SAGE -1.45%) lost nearly 2% in after-hours trading after it announced that it has commenced an underwritten public offering of $300 million of its common stock.
Time Warner (TWX -2.33%) was upgraded to ‘Buy’ from ‘Hold’ at Pivotal Research Group LLC with a price target of $103.
BeiGene Ltd (BGNE -1.23%) rose 3% in after-hours trading after it reported Q3 diluted EPS of $2.54, better than an expected loss of -$1.43. The company then said it will expand its clinical trials for its BTK Inhibitor BGB-3111 for patients with chronic lymphocytic leukemia and small lymphocytic lymphoma.
Switch (SWCH +5.70%) dropped over 3% in after-hours trading after it said it sees 2017 adjusted Ebitda of $190 million-$195 million, the midpoint below consensus of $193.3 million.
Third Point Reinsurance Ltd (TPRE -0.30%) fell 4% in after-hours trading after it announced the commencement of an underwritten secondary public offering of 15 million shares of its common stock.
Remark Holdings (MARK +0.82%) jumped 13% in after-hours trading after it reported Q3 revenue of $19.4 million, higher than an estimate of $18.6 million, and then said it expects upward of $100 million in 2018 consolidated revenue, better than expectations of $85.3 million.
Amarin Corp PLC (AMRN -0.57%) climbed over 4% in after-hours trading after it reported its post-hoc analysis of data from its Phase 3 study of Vascepa showed it reduced potentially atherogenic lipid and inflammatory markers without raising LDL-C in patients with chronic kidney disease.
ProQR Therapeutics NV (PRQR -2.25%) tumbled over 10% in after-hours trading after it announced that it intends to sell its ordinary shares in an underwritten public offering, although no amount was given.
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Monday’s Key Earnings
JD.com (NASDAQ:JD) +3.5% swinging to profit on heavy sales.
Tyson (NYSE:TSN) +2% completing Philly cheesesteak deal.
Today’s Economic Calendar
3:05 Fed’s Evans: Monetary Policy
5:00 Janet Yellen speech
6:00 NFIB Small Business Optimism Index
8:15 Fed’s Bullard: U.S. Monetary and Economic Policy
8:30 Producer Price Index
8:55 Redbook Chain Store Sales
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY