Before the Open (Jun 5)

Good morning. Happy Tuesday.
The Asian/Pacific markets closed with a lean to the upside. China, New Zealand, Indonesia, Thailand and the Philippines did the best; India and Australia closed down. Europe, Africa and the Middle East currently lean to the upside. Poland, France, Germany, Greece, the Netherlands and Saudi Arabia are leading while Turkey and Austria are down. Futures in the States point towards a positive open for the cash market.
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The dollar is up slightly. Oil is down; copper is flat. Gold and silver are down. Bonds are up.
Overnight Stock Movers from barchart.com…
Occidental Petroleum (OXY +0.31%) was upgraded to ‘Buy’ from ‘Neutral’ at Citigroup with a price target of $97.
TD Ameritrade (AMTD +1.56%) was rated a new ‘Buy’ at Compass Point Research & Trading LLC with a price target of $74.
Netflix (NFLX +0.52%) will replace Monsanto in the S&P 100 prior to the open of trading on Thursday, June 7.
Twitter (TWTR +3.36%) jumped 5% in after-hours trading when after it was announced that it will replace Monsanto in the S&P 500 prior to the open of trading on Thursday, June 7.
HealthEquity (HQY +0.35%) climbed nearly 5% in after-hours trading after it forecast full-year revenue of $278 million to $284 million, well above consensus of $227.4 million.
Starbucks (SBUX +0.28%) lost more than 1% in after-hours trading after Executive Chairman Howard Schultz said he will step down effective June 26.
Portola Pharmaceuticals (PTLA +0.02%) slid more than 2% in after-hours trading after it reported the retirement of CEO Bill Lis, effective August 1.
Dish Network (DISH -0.17%) rose more than 3% in after-hours trading after it was reported that co-founder Charles Ergen bought 100,000 shares of the company’s stock.
Mylan NV (MYL -0.88%) gained 4% in after-hours trading after the FDA approved its biosimilar of Amgen’s Neulasta drug.
Deciphera Pharmaceuticals (DCPH +47.86%) fell 7% in after-hours trading after it filed to sell 3.75 million shares of its common stock via Piper Jaffray and JP Morgan Chase.
Smartsheet (SMAR +1.03%) rose nearly 5% in after-hours trading after it reported Q1 revenue of $36.3 million, better than consensus of $33.3 million, and forecast Q2 revenue of $38.5 million to $39.5 million, above consensus of $37.2 million.
PolarityTE (COOL +1.83%) dropped more than 6% in after-hours trading after it was said to offer $25 million of its common stock at $24.50 to $26.00 a share, via Cantor Fitzgerald.
Quanex Building Products (NX -1.19%) climbed 3% in after-hours trading after it reported Q2 adjusted EPS of 14 cents, higher than consensus of 11 cents.
Ascena Retail Group (ASNA +10.24%) tumbled 11% in after-hours trading after it forecast a Q3 adjusted loss per share of -5 cents to a 5 cent profit, the midpoint below consensus of a profit of 3.5 cents.
Today’s Economic Calendar
8:55 Redbook Chain Store Sales
9:45 PMI Services Index
10:00 ISM Non-Manufacturing Index
10:00 Job Openings and Labor Turnover Survey
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY