Before the Open (Jul 25)

Good morning. Happy Wednesday.
The Asian/Pacific markets closed mostly up. Japan, Hong Kong, Singapore, Thailand and the Philippines led the way. Europe, Africa and the Middle East lean to the downside. Turkey is up 3%, and the UAE is doing well. The UK, Germany, South Africa ad Italy are weak. Futures in the States point towards a down open for the cash market.
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The dollar is down. Oil and copper are up. Gold and silver are up. Bonds are up.
Overnight Stock Movers from barchart.com…
Fiat Chrysler Automobiles NV (FCAU +1.58%) dropped 4% in pre-market trading after it reported Q2 adjusted Ebit of 1.66 billion euros, below consensus of 2.02 billion euros.
NXP Semiconductos NV (NXPI -4.22%) is down nearly 2% in pre-market trading after Reuters reported that Qualcomm is unlikely to get Chinese approval on its acquisition of NXP Semiconductors and is making preparartions to pay NXPI the $2 billion termination fee.
Lululemon Athletica (LULU -1.91%) gained 1% in after-hours trading after it named Calvin McDonald, former top executive of Sephora, as CEO effective August 20.
iRobot (IRBT -2.81%) surged almost 20% in after-hours trading after it reported Q2 revenue of $226.3 million, higher than consensus of $220.4 million.
Stryker (SYK -1.01%) fell 2% in after-hours trading after it forecast Q3 adjusted EPS of $1.65 to $1.70, the midpoint below consensus of $1.69.
IDEX (IEX +1.56%) rose 3% in after-hours trading after it reported Q2 adjusted EPS of $1.40, above consensus of $1.31, and then forecast full-year adjusted EPS of $5.27 to $5.35, higher than consensus of $5.18.
MKS Instruments (MKSI -2.49%) fell 4% in after-hours trading after it forecast Q3 sales of $470 million to $510 million, weaker than consensus of $522.5 million.
USANA Health Sciences (USNA -0.77%) jumped almost 12% in after-hours trading after it reported Q2 EPS of $1.36, higher than consensus of $1.11, and then forecast full-year EPS of $4.75 to $5.05, the midpoint well above consensus of $4.56.
Texas Instruments (TXN -0.76%) gained almost 1% in after-hours trading after it reported Q1 revenue of $4.02 billion, better than consensus of $3.97 billion, and then forecast Q3 revenue of $4.11 billion to $4.45 billion, the midpoint above consensus of $4.25 billion.
Robert Half International (RHI -0.12%) rose almost 5% in after-hours trading after it forecast Q3 income/share of 88 cents to 94 cents, higher than consensus of 87 cents.
Vicor (VICR -1.19%) climbed more than 8% in after-hours trading after it reported Q2 bookings increased to $87.4 million from $59.4 million y/y.
Radius Health (RDUS -2.36%) lost almost 6% in after-hours trading it said the CHMP panel of the European Medicines Agency will maintain its negative opinion at its formal final vote of its abaloparatide-SC for treatment of osteoporosis in postmenopausal women.
Knowles (KN +0.26%) rose more than 5% in after-hours trading after it reported Q2 adjusted EPS of 18 cents, better than consensus of 13 cents, and then forecast Q3 adjusted EPS of 27 cents to 33 cents, the mid-point above consensus of 29 cents.
Navient (NAVI +0.28%) dropped 7% in after-hours trading after it reported Q2 GAAP net income of $83 million versus $112 million y/y.
ViewRay (VRAY -3.24%) rallied 7% in after-hours trading after it reported Q2 revenue of $16 million, higher than consensus of $12.5 million.
Tuesday’s Key Earnings
3M (NYSE:MMM) +0.9% despite a cut to guidance.
AT&T (NYSE:T) -1.2% AH as Q2 revenue came up short.
Biogen (NASDAQ:BIIB) +4.1% with strong Spinraza sales.
Eli Lilly (NYSE:LLY) +5% spinning out Elanco.
Harley-Davidson (NYSE:HOG) +7.7% updating on tariff pain.
JetBlue (NASDAQ:JBLU) -10.2% amid surging fuel costs.
Kimberly-Clark (NYSE:KMB) +0.7% despite slashing guidance.
Lockheed Martin (NYSE:LMT) +1.3% raising forecast for 2018.
Stryker (NYSE:SYK) -2.3% AH on soft earnings outlook.
Texas Instruments (NYSE:TXN) AH -0.6% despite Analog growth.
United Technologies (NYSE:UTX) +3.8% upping its FY forecast.
Verizon (NYSE:VZ) +1.5% with strong operating results.
Today’s Economic Calendar
7:00 MBA Mortgage Applications
10:00 New Home Sales
10:30 EIA Petroleum Inventories
11:30 Results of $18B, 2-Year FRN Auction
1:00 PM Results of $36B, 5-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