Before the Open (May 4)

Good morning. Happy Friday. Happy Employment Numbers Day.
The Asian/Pacific markets closed mostly down. Hong Kong, South Korea, Indonesia dropped more than 1%; India, Austria, Singapore and Thailand were also weak. Europe, Africa and the Middle East lean to the downside. Poland, the UAE, Greece, Austria and the Czech Republic are down more than 1%; Turkey is also weak. South Africa, Finalnd and Hungary are doing well. Futures in the States point towards a moderate gap down open for the cash market.
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VIDEO: State of the Market
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The dollar is up. Oil is up; copper is down. Gold and silver are down. Bonds are up.
Here are the employment numbers:
unemployment rate: 3.9% (was 4.1% last month)
nonfarm payrolls: +164K
private payrolls:
average workweek: flat at 34.5 hours
hourly wages: up 4 cents to $26.84
labor participation rate:
March job gain raised from 103K to 135K.
February job gain reduced from 326K to 324K.
Stock headlines from barchart.com…
Arista Networks (ANET +0.90%) dropped nearly 9% in after-hours trading after it said it expects Q2 adjusted gross margin to by 62%-64%, weaker than consensus of 64.4%.
Palo Alto Networks (PANW -1.66%) was rated a new ‘Outperform’ at New Street Research with a price target of $235.
Universal Display (OLED -0.98%) slid 3% in after-hours trading after it forecast full-year revenue of $280 million to $310 million, well below consensus of $358.7 million.
Weight Watchers International (WTW -4.15%) rose 6% in after-hours trading after it forecast full-year EPS of $300 to $3.20, much higher than consensus of $2.57.
Intel (INTC -0.06%) was rated a new ‘Outperform’ at New Street Research with a price target of $70.
Fluor (FLR +0.43%) tumbled nearly 10% in after-hours trading after it slashed its 2018 EPS estimate to $2.10 to $2.50 from a Feb 20 estimate of $3.10 to $3.50.
California Resources (CRC -1.64%) climbed more than 6% in after-hours trading after it reported an unexpected profit of 18 cents EPS, much better than an expected loss of -77 cents a share.
Parsley Energy (PE -2.82%) rose 4% in after-hours trading after it reported Q1 adjusted EPS of 31 cents, higher than consensus of 24 cents.
Teradata (TDC -1.98%) lost 2% in after-hours trading after it forecast Q1 adjusted EPS of 17 cents to 19 cents, weaker than consensus of 32 cents.
Control4 Corp (CTRL -1.32%) jumped 7% in after-hours trading after it reported Q1 adjusted EPS of 21 cents, well above consensus of 14 cents.
Shake Shack (SHAK +0.25%) climbed 7% in after-hours trading after it reported Q1 comparable sales unexpectedly rose +1.7%, better than consensus of a -0.4% decline.
Chemours (CC +0.08%) rallied 8% in after-hours trading after it reported Q1 adjusted EPS of $1.41, well above consensus of $1.21.
Super Micro Computer (SMCI +0.56%) climbed 8% in after-hours trading after it forecast Q4 sales of $800 million to $860 million, better than consensus of $797.8 million.
Commercial Vehicle Group (CVGI -1.16%) rallied 16% in after-hours trading after it reported Q1 revenue jumped +24% y/y to $215.7 million.
Pandora Media (P +2.13%) jumped almost 8% in after-hours trading after it reported Q1 revenue of $319.2 million, above consensus of $304.3 million.
Thursday’s Key Earnings
Activision (NASDAQ:ATVI) -1.6% AH with an incorrect earnings release.
CBS (NYSE:CBS) +2.2% AH on broad subscriber growth.
DowDuPont (NYSE:DWDP) flat on beat, big drop in ag sales.
EOG Resources (NYSE:EOG) -1.7% AH despite a Q1 beat.
GoPro (NASDAQ:GPRO) -1.4% AH after an earlier stock jump.
Pandora (NYSE:P) +8.5% AH with a strong quarter in advertising.
Regeneron (NASDAQ:REGN) -1.3% on in-line revenues.
Shake Shack (NYSE:SHAK) +10.6% AH amid strong comparable sales.
Teva Pharma (NYSE:TEVA) -4.4% following weaker profits.
Today’s Economic Calendar
8:30 Non-farm payrolls
12:45 PM Fed’s Williams Speech
1:00 PM Baker-Hughes Rig Count
8:00 PM Fed’s Kaplan speech
8:00 PM Fed’s Bostic speech
8:00 PM Fed’s George speech
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY