Before the Open (Jun 12)

Good morning. Happy Tuesday.
The Asian/Pacific markets closed mixed and little changed. China and India moved up; Malaysia and Indonesia moved down. Europe, Africa and the Middle East are currently split and little changed. Spain, Italy and Portugal are doing well; Turkey, Hungary and Russia are down. Futures in the States point towards a flat-to-down open for the cash market.
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Podcast: with Chat With Traders
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The dollar is flat. Oil and copper are down. Gold and silver are down. Bonds are down.
Overnight Stock Movers from barchart.com…
Franklin Financial Network (FSB +5.07%) was downgraded to ‘Sell’ from ‘Neutral’ at Compass Point Research & Trading LLC with a price target of $36.
Twitter (TWTR +0.51%) is up 2% in pre-market trading after JPMorgan Chase reiterated its ‘Overweight’ rating on the stock and lifted its price target to $50 from $39.
RH (RH +4.81%) surged 16% in after-hours trading after it reported an unexpected +1% increase in Q1 comparable sales, stronger than consensus for -0.9% loss, and then forecast Q2 adjusted EPS of $1.70 to $1.77, well above consensus of $1.50.
KMG Chemicals (KMG +0.11%) climbed nearly 4% in after-hours trading after it reported Q3 net sales of $118.6 million, better than consensus of $113.0 million, and then forecast full net sales of $455 million to $465 million, the midpoint above consensus of $455.3 million.
Dave & Buster’s Entertainment (PLAY +0.44%) jumped 15% in after-hours trading after it reported Q1 revenue of $332.2 million, better than consensus of $321.5 million.
Urban Outfitters (URBN +1.29%) gained 3% in after-hours trading after it said its Q2 comparable sales-to-date rose in the mid-teens range.
At Home Group (HOME -1.16%) slipped nearly 3% in after-hours trading after it announced the launch of an underwritten secondary public offering of 8.0 million shares of its common stock by some of the company’s existing stockholders.
Immunomedics (IMMU -1.37%) dropped 5% in after-hours trading after it announced that it had commenced an underwritten public offering of $275 million of shares of its common stock.
Jernigan Capital (JCAP +1.65%) fell 4% in after-hours trading after it announced that it had commenced an underwritten public offering of 3.5 million shares of its common stock.
Hercules Capital (HTGC +0.49%) slid almost 3% in after-hours trading after it announced it plans to make a public offering of 6.0 million shares of its common stock.
Enzo Biochem (ENZ +1.82%) tumbled more than 10% in after-hours trading after it reported Q3 revenue of $25.6 million, below the $26.95 million from Q2 and below the $27.1 million from Q3 of last year.
Pfenex (PFNX -4.52%) rallied 5% in after-hours trading after it announced that it had entered into an agreement granting Alvogen exclusive rights to commercialize Pfenex’s PF708, a teriparatide therapeutic equivalent candidate to Eli Lilly’s Forteo drug.
AcelRx Pharmaceuticals (ACRX -1.35%) jumped almost 6% in after-hours trading after it was rated a new ‘Overweight’ at Cantor Fitzgerald with a price target of $6.
Today’s Economic Calendar
FOMC meeting begins
6:00 NFIB Small Business Optimism Index
8:30 Consumer Price Index
8:55 Redbook Chain Store Sales
1:00 PM Results of $14B, 30-Year Note Auction
2:00 PM Treasury Budget
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY