Before the Open (Dec 8)

Good morning. Happy Friday. Happy Employment Numbers Day.
The Asian/Pacific markets closed mostly up. Japan, Hong Kong, Singapore and the Philippines gained more than 1%; China, India and New Zealand also did well. Europe, Africa and the Middle East are currently mostly up. Turkey, Germany, Greece, Spain, Italy and Sweden are up more than 1%; several other market are posting solid gains also. Futures in the States point towards a relatively big gap up open for the cash market.
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The dollar is up. Oil and copper are up. Gold and silver are mixed and little changed. Bonds are down.
Here are the employment numbers:
unemployment rate: 4.1% (was 4.1% last month)
nonfarm payrolls: +228K
private payrolls:
average workweek: up 0.1 hours to 34.5 hours
hourly wages: up 5 cents to $26.55/hour
labor participation rate:
October job gains reduced from 261K to 244K.
September job gains increased from 18K to 38K.
Stock headlines from barchart.com…
Trivago (TRVG +0.76%) jumped nearly 8% in pre-market trading after it was upgraded to ‘Buy’ from ‘Hold’ at Deutsche Bank who said the “worst is likely behind the company.”
Ingersoll-Rand (IR +0.05%) was upgraded to ‘Buy’ from ‘Neutral’ at Goldman Sachs.
Science Applications International (SAIC +3.23%) gained nearly 3% in after-hours trading after it reported Q3 revenue of $1.15 billion, better than consensus of $1.11 billion.
United Continental Holdings (UAL +2.15%) rose over 1% in after-hours trading after the company announced a new $3 billion share buyback program.
Flowserve (FLS +2.01%) was downgraded to ‘Sell’ from ‘Neutral’ at Goldman Sachs.
Dover (DOV +0.45%) lost 1% in after-hours trading after it said it will spin off its “Wellsite” oilfield services business into a standalone, publicly-traded company.
Sage Therapeutics (SAGE +70.04%) rose 2% in after-hours trading, on top of the 70% the stock surged in Thursday’s session, on positive data from a Phase 2 trial of its SAGE-217 that met primary endpoint, provided rapid, profound and durable effects in the treatment of post-partum depression.
United Natural Foods (UNFI +0.24%) fell 1% in after-hours trading after it reported Q1 EPS of 60 cents, right in expectations.
Cloudera (CLDR +1.72%) rose 5% in after-hours trading after it reported Q3 revenue of $94.6 million, above consensus of $91.3 million, and said it sees Q4 revenue of $97 million to $99 million, the mid-point above consensus of $97.3 million.
ForeScout Technologies (FSCT +0.35%) rallied almost 6% in after-hours trading after it reported Q3 revenue of $64.4 million, better than consensus of $64.0 million, and then said it sees Q4 revenue of $61 million-$63 million, higher than consensus of $58.1 million.
American Outdoor Brands (AOBC +4.85%) tumbled 12% in after-hours trading after it said it sees full-year adjusted EPS of 57 cents to 67 cents, well below consensus of $1.09.
Tellurian (TELL +1.35%) dropped over 10% in after-hours trading after it announced that it intends to sell 8.0 million shares of its common stock in an underwritten public offering.
DavidsTea (DTEA +1.23%) gained 2% in after-hours trading after the company said it plans to hire financial advisers “in the near-term” to evaluate strategic alternatives, including a possible sale.
Verastem (VSTEM) jumped over 6% in after-hours trading after Director Tim Barberich reported buying 60,500 shares of VSTEM at $3.95 on Dec 5.
Thursday’s Key Earnings
Broadcom (NASDAQ:AVGO) +4.5% AH following an earnings topper.
Lululemon (NASDAQ:LULU) +6.8% AH with strong comparable sales.
Today’s Economic Calendar
8:30 Non-farm payrolls
10:00 Wholesale Trade
10:00 Consumer Sentiment
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