Before the Open (Nov 15)

Good morning. Happy Wednesday.
The Asian/Pacific markets closed down across-the-board. Japan, Hong Kong and the Philippines dropped more than 1%; China, India, Australia, Malaysia, Singapore and Thailand were also weak. Europe, Africa and the Middle East are currently mostly down. Poland, Germany, Russia, Italy, Belgium, Portugal, Austria and Saudi Arabia are down more than 1%. Futures in the States point towards a relatively big gap down open for the cash market.
—————
REPORT: It All Starts With Volume on the Weekly Chart
—————
The dollar is down. Oil and copper are down. Gold and silver are up. Bonds are up.
Stock headlines from barchart.com…
Acorda Therapeutics (ACOR +1.81%) plunged 32% in pre-market trading after it reported possible drug-related deaths in a Phase 3 study of its tozadenant for treatment of Parkinson’s disease.
Tyson Foods (TSN +0.64%) was upgraded to ‘Buy’ from ‘Hold at Argus Research.
Lam Research (LRCX -0.28%) gained over 2% in after-hours trading after it boosted its quarterly dividend to 50 cents a share from 45 cents, and then announced a $2 billion share buyback authorization.
Hewlett Packard Enterprise (HPE -1.56%) rose 1% in after-hours trading after holder Greenlight Capital boosted its stake in the company to 7.81 million shares from 3.36 million shares.
Applied Optoelectronics (AAOI -1.53%) climbed over 4% in after-hours trading after director of the company, Alan Moore, reported that he purchased 22,400 shares of the company stock at around $44.60 on Monday.
MACOM Technology Solutions Holdings (MTSI +0.11%) tumbled almost 13% in after-hours trading after it reported Q4 revenue of $166.4 million, weaker than consensus of $170.6 million, and then said it sees Q1 revenue of $130 million to $136 million, well below consensus of $171.1 million.
Genpact Ltd (G -0.13%) slid nearly 3% in after-hours trading after it announced a secondary offering of 10 million shares on behalf of selling holders.
Cargurus (CARG +0.91%) jumped over 11% in after-hours trading after it reported Q3 EPS of 2 cents, better than consensus of 0, and then said it sees Q4 EPS of 1 cent to 2 cents, the mid-point above consensus of 1 cent.
Beazer Homes USA (BZH +3.36%) rose over 4% in after-hours trading after it reported Q4 revenue of $673 million, higher than consensus of $640.3 million.
OM Asset Management Plc (OMAM -0.68%) lost 2% in after-hours trading after it announced a secondary offering of 6 million shares of its common stock.
SITO Mobile Ltd (SITO +2.33%) dropped 6% in after-hours trading after it reported a Q3 loss of -12 cents per share, wider than consensus of -5 cents per share loss.
Achillion Pharmaceuticals (ACHN -4.16%) fell 7% in after-hours trading after holder Johnson & Johnson Innovation said it intends to offer 18.4 million shares of ACHN, which constitutes its entire stake in the company.
SORL Auto Parts (SORL -4.01%) surged over 35% in after-hours trading after it reported Q3 revenue of $101.3 million, well above consensus of $63.8 million.
Tuesday’s Key Earnings
Cheniere Energy (NYSEMKT:LNG) -1.6% AH after weak earnings.
Home Depot (NYSE:HD) +1.4% crushing comp-sales estimates.
TJX Companies (NYSE:TJX) -3.9% AH on disappointing guidance.
Today’s Economic Calendar
3:00 Fed’s Evans: Monetary Policy
7:00 MBA Mortgage Applications
8:30 Consumer Price Index
8:30 Retail Sales
8:30 Empire State Mfg Survey
10:00 Business Inventories
10:00 Atlanta Fed’s Business Inflation Expectations
10:30 EIA Petroleum Inventories
4:00 PM Treasury International Capital
4:00 PM Fed’s Rosengren: U.S. Economy
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY