Before the Open (Nov 28)

Good morning. Happy Tuesday.
The Asian/Pacific markets closed with a lean to the downside but little changed. China, South Korea and Thailand moved up; Japan, India, New Zealand, Taiwan, Malaysia and the Philippines moved down. Europe, Africa and the Middle East currently lean to the upside. The UK, Poland, Denmark, Switzerland, Spain, Italy, Israel, Sweden and the Netherlands are up; Turkey and Hungary are down. Futures in the States point towards a positive open for the cash market.
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The dollar is up. Oil and copper are down. Gold and silver are up. Bonds are flat.
Stock headlines from barchart.com…
Home Depot (HD +1.06%) was upgraded to ‘Overweight’ from ‘Neutral’ at Atlantic Equities LLP with a price target of $197.
Lowe’s (LOW +0.74%) was downgraded to ‘Neutral’ from ‘Overweight’ at Atlantic Equities LLP.
Hormel Foods (HRL -0.67%) may move higher this morning after it raised guidance for full-year 2018 EPS to $1.62 to $1.72 from a prior view of $1.60 to $1.70.
Tech Data (TECD +0.85%) climbed almost 5% in after-hours trading after it reported Q3 adjusted EPS of $2.00, stronger than consensus of $1.92, and then said it sees Q4 adjusted EPS of $3.35 to $3.65, higher than consensus of $3.32.
UnitedHealth Group (UNH -0.05%) slid 1% in after-hours trading after it said it sees 2018 adjusted EPS of $10.55 to $10.85, the mid-point below consensus of $10.82.
Thor Industries (THO -0.60%) rallied over 10% in after-hours trading after it reported Q1 EPS from continuing operations of $2.43, well above consensus of $1.86.
MTS Systems (MTSC +0.36%) rose 1% in after-hours trading after it reported Q4 adjusted EPS of 44 cents, higher than consensus of 35 cents.
Medpace Holdings (MEDP -1.20%) lost nearly 2% in after-hours trading after it announced a proposed secondary offering of 4.0 million shares of its common stock by investment funds affiliated with Cinven Capital Management General Partner Limited.
Dova Pharmaceuticals (DOVA -0.45%) gained over 1% in after-hours trading after its new drug application for avatrombopag was granted priority review by the FDA.
Venator Materials PLC (VNTR -0.52%) slid over 1% in after-hours trading after it launched a secondary public offering of 18 million shares of its common stock by holder Huntsman Corporation.
Aratana Therapeutics (PETX +2.99%) fell over 7% in after-hours trading after it announced that it had commenced an underwritten registered public offering of $35 million in shares of its common stock.
Ardmore Shipping (ASC -1.12%) dropped 8% in after-hours trading after it announced a proposed secondary offering of 5.58 million shares of its common stock by holder GA Holdings LLC.
Apollo Endosurgery (APEN -0.25%) surged over 20% in after-hours trading after it received FDA approval for its OverStitch Sx endoscopic suturing system.
Today’s Economic Calendar
8:30 International trade in goods
8:55 Redbook Chain Store Sales
9:00 FHFA House Price Index
9:00 S&P Corelogic Case-Shiller Home Price Index
9:15 Fed’s Dudley: “Evolving Structure of the U.S. Treasury Market”
10:00 Consumer Confidence
10:00 Richmond Fed Mfg.
10:00 State Street Investor Confidence Index
10:00 Fed’s Powell speech
1:00 PM Results of $28B, 7-Year Note Auction
2:00 PM Gallup US ECI
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY