Before the Open (Dec 1)

Good morning. Happy Friday. Happy December.
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Cyber Week Special…
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The Asian/Pacific markets are mixed with some big down movers. India, Indonesia and the Philippines are down more than 1%. Japan, Taiwan, Australia and Singapore are up. Europe, Africa and the Middle East currently lean to the downside. Greece, Israel, Saudi Arabia and the Czech Republic are up; Poland, France, Turkey, Germany and Hungary are down. Futures in the States point towards a down open for the cash market.
The dollar is down a small amount. Oil and copper are up. Gold and silver are mixed and flat. Bonds are up.
Stock headlines from barchart.com…
Priceline Group (PCLN +0.30%) was downgraded to ‘Hold’ from ‘Buy’ at Argus Research.
Cummins (CMI +1.75%) was downgraded to ‘Neutral’ from ‘Buy’ at Goldman Sachs.
Ulta Beauty (ULTA -0.62%) dropped nearly 6% in after-hours trading after it said it sees Q4 EPS of $2.73 to $2.78, well below consensus of $2.84.
Ambarella (AMBA -0.35%) rallied 6% in after-hours trading after it reported Q3 adjusted EPS of 75 cents, higher than consensus of 67 cents, and said it sees Q4 adjusted gross margin of 62% to 63.5%, better than consensus of 61.7%.
Five Below (FIVE +0.91%) gained 2% in after-hours trading after it reported Q3 EPS of 18 cents, above consensus of 13 cents, and said it sees full-year EPS of $1.72 to $1.79, better than consensus of $1.67.
AGCO Corp. (AGCO -0.17%) was upgraded to ‘Buy’ from ‘Neutral’ at Goldman Sachs with a price target of $90.
VMware (VMW +0.58%) rose 2% in after-hours trading after it reported Q3 adjusted EPS of $1.34, better than consensus of $1.27, and then raised guidance on full-year adjusted EPS to $5.13 from a prior view of $5.06, above consensus of $5.07.
E*TRADE Financial (ETFC +0.75%) was initiated with a recommendation of ‘Outperform’ at Credit Suisse with a 12-month target price of $56.
Charles Schwab (SCHW +0.76%) was initiated with a recommendation of ‘Outperform’ at Credit Suisse with a 12-month target price of $55.
Zumiez (ZUMZ +4.56%) fell 5% in after-hours trading after it reported Q3 gross margin of 33.9%, below consensus of 34.6%.
Nutanix (NTNX +0.86%) climbed over 2% in after-hours trading after it reported Q1 revenue of $275.6 million, above consensus of $266.9 million, and said it expected Q2 revenue of $280 million to $285 million, the mid-point above consensus of $282 million.
Yext (YEXT +1.92%) dropped 5% in after-hours trading after it said it sees Q4 revenue of $47.3 million to $48.3 million, weaker than consensus of $48.5 million.
Wednesday’s Key Earnings
Box (NYSE:BOX) -5.3% AH hit by a widening loss in Q3.
Workday (NYSE:WDAY) -5.2% AH despite adding subscribers.
Today’s Economic Calendar
9:05 Fed’s Bullard: U.S. Monetary and Economic Policy
9:30 Fed’s Kaplan speech
9:45 PMI Manufacturing Index
10:00 ISM Manufacturing Index
10:00 Construction Spending
10:15 Fed’s Harker: “Inclusive Economic Growth”
1:00 PM Baker-Hughes Rig Count
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY