Before the Open (Apr 26)

Good morning. Happy Thursday.
The Asian/Pacific markets closed mixed and with some big movers in both directions. Japan, South Korea, India and the Philippines did well; China, Hong Kong, Taiwan and Indonesia were weak. Europe, Africa and the Middle East are currently doing well. France, the UAE, Greece, Denmark, Finland, Switzerland, Norway, Spain, Italy and Sweden are leading. Futures in the States point towards a moderate gap up open for the cash market.
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Podcast: with Desire To Trade
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The dollar is up. Oil is up; copper is down. Gold and silver are mixed and little changed. Bonds are up.
Stock headlines from barchart.com…
Facebook (FB unch) climbed more than 6% in pre-market trading after it reported Q1 revenue of $11.97 billion, higher than consensus of $11.41 billion, and reported 2.2 billion monthly active users in Q1, above consensus of 2.19 billion.
O’Reilly Automotive (ORLY +1.35%) rallied more than 10% in after-hours trading after it reported Q1 EPS of $3.61, better than consensus of $3.58 as comparable store sales rose +3.4%, higher than consensus of 2.7%.
Boeing (BA +4.19%) was upgraded to ‘Buy’ from ‘Hold’ at Vertical Research Partners with a price target of $396.
Chipotle Mexican Grill (CMG +1.93%) jumped 10% in after-hours trading after it reported Q1 EPS of $2.13, well above consensus of $1.57.
Visa (V -0.05%) gained nearly 2% in after-hours trading after it reported Q2 adjusted EPS of $1.11, above consensus of $1.02.
Citrix Systems (CTXS -0.02%) rose 4% in after-hours trading after it reported Q1 net revenue of $697.2 million, better than consensus of $675.6 million, and forecast full-year revenue of $2.88 billion to $2.91 billion, above consensus of $2.88 billion.
FARO Technologies (FARO -2.96%) tumbled 9% in after-hours trading after it reported Q1 EPS of 3 cents, below consensus of 8 cents.
Cheesecake Factory (CAKE +0.53%) fell almost 5% in after-hours trading after it reported Q1 EPS of 56 cents, weaker than consensus of 68 cents.
eBay (EBAY -0.51%) slid more than 3% in after-hours trading after it reported Q1 net revenue of $2.58 billion, weaker than consensus of $2.59 billion and forecast Q2 net revenue of $2.64 billion to $2.68 billion, the midpoint below consensus of $2.68 billion.
PayPal Holdings (PYPL -1.70%) gained 3% in after-hours trading after it forecast Q2 net revenue of $3.78 billion to $3.83 billion, higher than consensus of $3.75 billion.
Netgear (NTGR -3.94%) fell 6% in after-hours trading after it forecast Q2 revenue of $340 million to $355 million, weaker than consensus of $355.5 million.
AT&T (T +0.57%) slid 4% in after-hours trading after it reported Q1 adjusted Ebitda of $12.44 billion, below consensus of $13.22 billion.
Qualcomm (QCOM -0.38%) gained nearly 3% in after-hours trading after it reported Q2 adjusted revenue of $5.23 billion, above consensus of $5.22 billion.
BioTelemetry (BEAT +1.35%) climbed nearly 7% in after-hours trading after it reported Q1 revenue of $94.5 million, better than consensus of $91.6 million.
Ford Motor (F +1.37%) rose almost 3% in after-hours trading after it reported Q1 adjusted EPS of 43 cents, better than consensus of 41 cents, and then announced $11.5 billion in cost and efficiency actions.
Wednesday’s Key Earnings
AMD (NASDAQ:AMD) +9.6% AH giving upside guidance.
AT&T (NYSE:T) -4.5% AH amid revenue declines.
Boeing (BA) +4.2% crushing estimates, lifting outlook.
Chipotle (NYSE:CMG) +10.7% AH on improved sales.
Comcast (NASDAQ:CMCSA) +2.7% making a formal bid for Sky.
eBay (NASDAQ:EBAY) -4.3% AH following light guidance.
Facebook (FB) +7.3% AH with 50% ad revenue growth.
Ford (NYSE:F) +1.4% AH turning its focus to cost cuts.
Las Vegas Sands (NYSE:LVS) +1.3% AH on strong EBITDA.
PayPal (NASDAQ:PYPL) +4.3% AH beating estimates.
Sirius XM (NASDAQ:SIRI) -0.3% despite net subscriber gains.
Twitter (NYSE:TWTR) -2.4% warning on the year ahead.
Qualcomm (NASDAQ:QCOM) +2.1% AH with in-line revenue forecasts.
Visa (NYSE:V) +2.7% AH continuing double-digit growth.
Today’s Economic Calendar
8:30 Durable Goods
8:30 Initial Jobless Claims
8:30 International trade in goods
8:30 Retail Inventories (Advance)
8:30 Wholesale Inventories (Advance)
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
11:00 Kansas City Fed Mfg Survey
1:00 PM Results of $29B, 7-Year Note Auction
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY