Before the Open (Nov 21)

Good morning. Happy Tuesday.
The Asian/Pacific markets closed mostly up. Japan, China, Hong Kong, South Korea, Taiwan and Singapore posted the biggest gains. Europe, Africa and the Middle East are currently mostly up. Poland, France, Turkey, Germany, Greece, South Africa, Russia, Kenya, Norway, Italy, Austria and Sweden are leading. Futures in the States point towards a relatively big gap up open for the cash market.
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The dollar is up a small amount. Oil and copper are up. Gold and silver are up. Bonds are up.
Stock headlines from barchart.com…
Lowe’s (LOW +1.55%) rose 3% in pre-market trading after it reported Q3 adjusted EPS of $1.05, better than consensus of $1.02.
Deere (DE +0.85%) was upgraded to ‘Outperform’ from ‘Neutral’ at Baird with a price target of $155.
T-Mobile (TMUS +0.47%) was upgraded to ‘Buy’ from ‘Hold’ at HSBC with a price target of $70.
Palo Alto Networks (PANW -0.13%) rose over 6% in after-hours trading after it reported Q1 adjusted EPS of 74 cents, higher than consensus of 68 cents, and then said it sees full-year adjusted EPS of $3.35 to $3.41, above consensus of $3.31.
Agilent Technologies (A +1.70%) lost nearly 5% in after-hours trading after it said it sees Q1 adjusted EPS of 55 cents=57 cents, weaker than consensus of 59 cents, and then said it sees full-year adjusted EPS of $2.50 to $2.56, below consensus of $2.59.
Black Knight (BKI +0.66%) fell 2% in after-hours trading after it announced a secondary offering of 5 million shares of common stock by affiliates of Thomas H. Lee Partners. L.P.
Planet Fitness (PLNT +0.23%) was initiated with a ‘Buy’ at D.A. Davidson with an 18-month target price of $42.
Comcast (CMCSA -0.91%) was initiated with a ‘Buy’ at Buckingham Research Group with a 12-month target price of $48.
Performance Food Group (PFGC +1.39%) lost more than 2% in after-hours trading after it announced a secondary offering of 5 million shares of common stock by an affiliate of Wellspring Capital Management.
Amtech Systems (ASYS +7.05%) rallied 13% in after-hours trading after it reported Q4 revenue of $54.7 million, above consensus of $46.9 million, and then said it sees Q1 revenue of $60 million-$70 million, better than consensus of $49.2 million.
China Cord Blood (CO +0.46%) climbed almost 4% in after-hours trading after it reported 2018 operating income was up +39.4% y/y to $11.5 million and that it added 23,647 new subscribers.
Vipshop Holdings Ltd (VIPS -5.42%) rose nearly 3% in after-hours trading after it reported Q3 revenue of $2.30 billion, higher than consensus of $2.28 billion,
Celsion (CLSN +7.00%) surged over 20% in after-hours trading after it was initiated with coverage at ‘Outperform’ at Oppenheimer with a 12-month target price of $9.
Today’s Economic Calendar
8:30 Chicago Fed National Activity Index
8:55 Redbook Chain Store Sales
10:00 Existing Home Sales
11:30 Results of $13B, 2-Year FRN Auction
6:00 PM Janet Yellen speech

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 21)

  1. Debt, national (individual and industrial), indicate economic weakness or economic contraction, if not outright (gravely) problematical economic conditions. Still 12% invested, but concerned.

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