Before the Open (Aug 1)

Good morning. Happy Wednesday. Happy Fed Day.
The Asian/Pacific markets closed mixed. Japan, South Korea, Indonesia, Thailand and the Philippines did well while China, Hong Kong and New Zealand were weak. Europe, Africa and the Middle East currently lean to the downside. The UK, Poland, Kenya, Spain and Italy are down the most. Futures in the States point towards a flat-to-up open for the cash market.
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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…
Universal Health Services (UHS -2.29%) was downgraded to ‘Market Perform’ from ‘Outperform’ at BMO Capital Markets.
Apple (AAPL +0.20%) climbed more than 3% in pre-market trading after it forecast Q4 revenue of $60 billion to $62 billion, above consensus of $59.4 billion.
Ultimate Software Group (ULTI +1.37%) rose almost 3% in after-hours trading after it reported Q2 revenue of $271.2 million, higher than consensus of $268.6 million, and then forecast Q3 revenue of $286 million to $288 million, better than consensus of $278.4 million.
Synaptics (SYNA +0.70%) dropped 8% in after-hours trading after Dialog Semiconductor said it ended talks on a potential acquisition of Synaptics.
Paycom Software (PAYC +3.04%) climbed more than 9% in after-hours trading after it reported Q2 revenue of $128.8 million, higher than consensus of $124.6 million, and then forecast full-year revenue of $554 million to $556 million, better than consensus of $547.1 million.
Molina Healthcare (MOH +1.31%) surged 18% in after-hours trading after it reported Q2 revenue of $4.88 billion, well above consensus of $4.67 billion.
Cheesecake Factory (CAKE -2.05%) slid almost 4% in after-hours trading after it reported Q2 adjusted EPS of 65 cents, below consensus of 81 cents.
Bandwidth (BAND -0.06%) rose 3% in after-hours trading after it reported Q2 revenue of $48.3 million, higher than consensus of $45.3 million.
Zendesk (ZEN -1.93%) jumped 7% in after-hours trading after it reported Q2 revenue of $141.9 million, above consensus of $137.5 million, and then forecast full-year revenue of $582 million to $586 million, higher than consensus of $571.4 million.
McDermott International (MDR -0.39%) lost almost 3% in after-hours trading after it reported Q2 revenue of $1.74 billion, well below consensus of $2.39 billion.
ZAGG (ZAGG +1.71%) tumbled 9% in after-hours trading after it reported Q2 EPS of 11 cents, weaker than consensus of 17 cents.
The Container Store Group (TCS +0.15%) rallied nearly 17% in after-hours trading after it forecast full-year net sales of $890 million to $900 million, better than consensus of $880.3 million.
Big 5 Sporting Goods (BGFV -0.77%) slumped 16% in after-hours trading after it reported Q2 net sales of $240 million, weaker than consensus of $24 7million.
Tuesday’s Key Earnings
Apple (AAPL) +4.1% AH with Services at an all-time high.
Baidu (NASDAQ:BIDU) +1.7% AH amid ad sales growth.
Pfizer (PFE) +3.5% after a solid Q2 report.
Procter & Gamble (NYSE:PG) +0.9% on plans to lift prices.
Shire (NASDAQ:SHPG) +0.5% beating expectations.
Today’s Economic Calendar
Auto Sales
7:00 MBA Mortgage Applications
8:15 ADP Jobs Report
8:30 Treasury Refunding Quarterly Announcement
9:45 PMI Manufacturing Index
10:00 ISM Manufacturing Index
10:00 Construction Spending
10:30 EIA Petroleum Inventories
2:00 PM FOMC Announcement
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY