Before the Open (Apr 24)

Good morning. Happy Tuesday.
The Asian/Pacific markets are mixed. Japan, China and Hong Kong are up; South Korea, Taiwan, Malaysia, Indonesia and the Philippines are down. Europe, Africa and the Middle East are currently mixed and quiet. Russia and Portugal are up; Turkey and the UAE are down. Futures in the States point towards a moderate gap up open for the cash market.
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Podcast: with Chat With Traders
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The dollar is down. Oil and copper are up. Gold and silver are up. Bonds are mixed.
Stock headlines from barchart.com…
Alphabet (GOOGL -0.33%) rose +0.5% in after-hours trading after it reported Q1 sales of $24.9 billion, better than consensus of $24.3 billion.
Cardinal Health (CAH +0.24%) was upgraded to ‘Outperform’ from ‘Market Perform’ at Leerink Partners LLC.
Whirlpool (WHR +0.64%) slid 2% in after-hours trading after it reported Q1 net sales of $4.91 billion, below consensus of $4.95 billion.
Incyte (INCY -0.42%) dropped 5% in after-hours trading after an FDA advisory committee voted 5-10 against approving a 4mg dose of Incyte’s Olumiant for rheumatoid arthritis from a 2 mg dose and asked for more clinical data on blood-clotting safety risks.
O’Reilly Automotive (ORLY +0.50%) was rated a new ‘Outperform’ at Wells Fargo Securities with a price target of $260.
CAI International (CAI -1.61%) was rated a new ‘Buy’ at Compass Point Research & Trading LLC with a price target of $36.
TD Ameritrade Holding (AMTD -0.05%) lost almost 2% in after-hours trading after it reported Q1 adjusted EPS of 73 cents, weaker than consensus of 74 cents.
Tivity Health (TVTY -1.50%) sold-off over 18% in after-hours trading after it reported Q1 revenue of $149.9 million, weaker than consensus of $154.4 million.
Carvana (CVNA +2.01%) dropped 6% in after-hours trading after it filed to sell 6 million shares of its common stock via Wells Fargo, Citigroup and Deutsche Bank Securities.
Sanmina (SANM +0.36%) rallied 15% in after-hours trading after it reported Q2 sales of $1.68 billion, better than consensus of $1.64 billion, and then forecast Q3 adjusted EPS of 53 cents to 61 cents, the midpoint above consensus of 55 cents.
Cadence Design Systems (CDNS -0.76%) jumped over 11% in after-hours trading after it reported Q1 adjusted EPS of 44 cents, higher than consensus of 37 cents, and then forecast full-year adjusted EPS of $1,57 to $1.65, stronger than consensus of $1.56.
Trimble (TRMB -1.20%) rose nearly 5% in after-hours trading after it acquired Viewpoint from Bain Capital in a deal valued at $1.2 billion.
Epizyme (EPZM -3.47%) plunged over 20% in after-hours trading when the FDA issued a partial clinical hold on the trial of Epizyme’s Tazemetostat after a safety report of a pediatric patient who developed a secondary lymphoma while taking the drug.
Bed Bath & Beyond (BBBY +1.28%) was rated a new ‘Underperform’ at Wells Fargo Securities with a price target of $16.
Monday’s Key Earnings
Alphabet (NASDAQ:GOOG) -0.2% AH following a surge in costs.
Barrick Gold (NYSE:ABX) -0.5% AH narrowly beating estimates.
Halliburton (NYSE:HAL) +0.2% amid higher N.America demand.
Kimberly-Clark (NYSE:KMB) -1.5% despite raising guidance.
Today’s Economic Calendar
8:55 Redbook Chain Store Sales
9:00 S&P Corelogic Case-Shiller Home Price Index
9:00 FHFA House Price Index
10:00 Consumer Confidence
10:00 New Home Sales
10:00 Richmond Fed Mfg.
10:00 State Street Investor Confidence Index
1:00 PM Results of $32B, 2-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