Before the Open (Jul 27)

Good morning. Happy Friday.
The Asian/Pacific markets closed mostly up. Japan, South Korea, India, New Zealand, Taiwan, Australis, Indonesia and Thailand posted gains; China closed down. Europe, Africa and the Middle East are currently mostly up. South Africa, Finland, Norway, Hungary, Spain, the Netherlands, Italy and Belgium are up; Poland is down.Futures in the States point towards a flat open for the cash market.
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Podcast: with Chat With Traders
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The dollar is up. Oil and copper are down. Gold and silver are down. Bonds are flat.
Overnight Stock Movers from barchart.com…
Amazon.com (AMZN -2.98%) climbed nearly 3% in after-hours trading after it reported Q2 operating income of $2.98 billion, above consensus of $1.71 billion, and forecast Q3 operating income of $1.4 billion to $2.4 billion, higher than consensus of $1.2 billion.
Twitter (TWTR -2.89%) is sharply lower by -15% in pre-market trading after disappointing news contained in its shareholder letter with an expected decline in users and weaker than expected earnings.
Chipotle Mexican Grill (CMG -1.08%) rose 5% in after-hours trading after it reported Q2 comparable sales rose +3.3%, higher than consensus of +2.7%.
Expedia (EXPE -1.38%) jumped 11% in after-hours trading after it reported Q2 adjusted EPS of $1.38, stronger than consensus of 89 cents.
Boston Beer (SAM -4.71%) slumped 16% in after-hours trading after it reported Q2 EPS of $1.98, well below consensus of $2.81.
Edwards Lifesciences (EW -0.04%) slid more than 5% in after-hours trading after it forecast Q3 adjusted EPS of 93 cents to $1.03, below consensus of $1.08.
Lam Research (LRCX +2.58%) fell more than 3% in after-hours trading after it forecast Q1 revenue of $2.30 billion, below consensus of $2.76 billion.
Maxim Integrated Products (MXIM +0.27%) gained almost 2% in after-hours trading after it reported Q4 adjusted EPS of 73 cents, higher than consensus of 70 cents, and then forecast Q1 adjusted EPS of 72 cents to 78 cents, stronger than consensus of 69 cents.
Electronic Arts (EA -3.14%) tumbled almost 7% in after-hours trading after it forecast full-year adjusted revenue of about $5.55 billion, weaker than consensus of $5.60 billion.
National Instruments (NATI +0.62%) rallied more than 6% in after-hours trading after it reported Q2 adjusted EPS of 34 cents, better than consensus of 25 cents, and then forecast Q3 adjusted EPS of 32 cents to 46 cents, the midpoint higher than consensus of 32 cents.
First Solar (FSLR -0.68%) fell more than 7% in after-hours trading after it forecast full-year gross margin of +20.5% to +21.5%, below consensus of +22.1%.
Starbucks (SBUX -0.33%) gained 1% in after-hours trading after it reported Q3 comparable sales rose +1.0%, better than consensus of +0.8%.
Juniper Networks (JNPR +0.18%) dropped 7% in after-hours trading after it forecast Q3 revenue of $1.14 billion to $1.20 billion, weaker than consensus of $1.22 billion.
Cypress Semiconductor (CY +2.03%) rose almost 3% in after-hours trading after it forecast Q3 adjusted EPS of 36 cents to 40 cents, higher than consensus of 35 cents.
Thursday’s Key Earnings
Amazon (AMZN) +3.2% AH on EPS beat, AWS growth.
American Airlines (NASDAQ:AAL) +4.8% pledging aggressive action.
Amgen (NASDAQ:AMGN) +1.1% AH beating expectations.
Allergan (NYSE:AGN) +0.4% raising fiscal guidance.
Altria (NYSE:MO) -3% with its outlook missing expectations.
Bristol-Myers (NYSE:BMY) -1.9% on cancer drug worries.
Celgene (NASDAQ:CELG) +0.7% on double-digit product growth.
Comcast (NASDAQ:CMCSA) +4% amid broadband expansion.
ConocoPhillips (NYSE:COP) +0.4% boosting its output outlook.
Electronic Arts (NASDAQ:EA) -4.9% AH with light guidance.
Intel (NASDAQ:INTC) -5.7% AH on soft data center sales.
Mastercard (NYSE:MA) -3.2% raising its expenses forecast.
McDonald’s (NYSE:MCD) -1.7% burned by competitor deals.
Southwest Airlines (NYSE:LUV) +8.4% despite rising fuel costs.
Starbucks (NASDAQ:SBUX) +0.6% AH increasing comparable sales.
Under Armour (NYSE:UAA) +4.6% on momentum overseas.
Valero Energy (NYSE:VLO) +6.9% amid surging margins.
Today’s Economic Calendar
8:30 GDP Q2
10:00 Consumer Sentiment
1:00 PM Baker-Hughes Rig Count
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY