Before the Open (Mar 13)

Good morning. Happy Tuesday.
The Asian/Pacific markets closed with a lean to the upside. Japan, South Korea and Taiwan did well; China, Indonesia and the Philippines were weak. Europe, Africa and the Middle East are currently very quiet. Norway, Spain and Romania are doing well; otherwise the entire region has barely moved. Futures in the States point towards a positive open for the cash market.
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VIDEO: LeavittBrothers.net Overview
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The dollar is up. Bitcoin is down. Oil and copper are down. Gold and silver are down. Bonds are flat.
Stock headlines from barchart.com…
Century Aluminum (CENX +3.28%) was upgraded to ‘Outperform’ from ‘Market Perform’ at Cowen who said tariffs will alllow the company to bring “significant U.S. production capacity” back online.
Nike (NKE +0.78%) was rated a new ‘Outperform’ at Credit Suisse with a price target of $78.
T-Mobile (TMUS -1.07%) was rated a new ‘Buy’ at Guggenheim Securities with a price target of $80.
Coupa Software (COUP +1.63%) rose 2% in after-hours trading after it reported Q4 revenue of $53.8 million, higher than consensus of $48.6 million, and said it sees Q1 revenue of $51.0 million to $51.5 million, better than consensus of $49.5 million.
Stitch Fix (SFIX +6.87%) fell 4% in after-hours trading after it said it sees Q3 adjusted Ebitda of $5 million to $10 million, weaker than consensus of $12.4 million.
Myriad Genetics (MYGN +1.38%) slid over 6% in after-hours trading after it said it received a subpoena from the U.S. Department of Health and Human Services and Office of Inspector General as part of an investigation into possible improper claims under Medicare and Medicaid.
Kronos Worldwide (KRO +0.17%) dropped 9% in after-hours trading after it reported Q4 EPS of 41 cents, well below consensus of 54 cents.
Evoqua Water Technologies (AQUA +3.03%) slipped almost 3% in after-hours trading after holder AEA Inventors was said to offer 17.5 million shares of AQUA stock.
Amphastar Pharmaceuticals (AMPH +2.30%) gained 2% in after-hours trading after it reported Q4 adjusted EPS of 10 cents, much higher than consensus of 2 cents.
Tilly’s (TLYS +5.44%) tumbled nearly 14% in after-hours trading after it reported Q4 net sales of $164.3 million, below consensus of $166.3 million.
Akebia Therapeutics (AKBA -3.98%) jumped 11% in after-hours trading after it reported an unexpected Q4 EPS profit of 25 cents, better than consensus of a loss of -39 cents a share.
Commercial Vehicle Group (CVGI +1.00%) slumped 18% in after-hours trading after it reported Q4 revenue of $188.3 million, weaker than consensus of $191.0 million.
National CineMedia (CMI -1.42%) lost almost 4% in after-hours trading after it reported Q4 revenue of $140.7 million, weaker than consensus of $144.5 million.
Proteostasis Therapeutics (PTI +0.49%) surged 30% in after-hours trading after the FDA granted breakthrough therapy designation for its PTI-428, its cystic fibrosis transmembrane conductance regulator amplifier.
Today’s Economic Calendar
6:00 NFIB Small Business Optimism Index
8:30 Consumer Price Index
8:55 Redbook Chain Store Sales
1:00 PM Results of $13B, 30-Year Note Auction
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY