Before the Open (Aug 2)

Good morning. Happy Thursday.
The Asian/Pacific markets close down with big losses. Japan, China, Hong Kong, South Korea, India, Taiwan, Singapore, Thailand and the Philippines suffered big losses. Europe, Africa and the Middles East are currently mostly down. The UK, Poland, Turkey, Germany, South Africa, Finland, Spain, Italy and Austria are weak. Futures in the States point towards a moderate gap down 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 up.
Overnight Stock Movers from barchart.com…
Boeing (BA -0.99%) was downgraded to ‘Hold’ from ‘Buy’ at Nord/LB.
Tesla (TSLA +0.91%) rose more than 5% in after-hours trading after it reported Q2 negative-free cash flow of $739.5 million, narrower than expectations of $900.5 million.
Wynn Resorts Ltd (WYNN -4.07%) slid more than 7% in after-hours trading after it reported Q2 net revenue of $1.61 billion, weaker than consensus of $1.67 billion.
Fortinet (FTNT +2.69%) climbed 9% in after-hours trading after it reported Q2 revenue of $441.3 million, better than consensus of $425.4 million, and then forecast full-year revenue of $177 billion to $1.79 billion, above consensus of $1.73 billion.
Red Robin Gourmet Burgers (RRGB -3.07%) slumped 17% in after-hours trading after it reported Q2 adjusted EPS of 46 cents, well below consensus of 66 cents, and then forecast full-year EPS of $1.80 to $2.20, weaker than consensus of $2.54.
Herbalife Nutrition Ltd (HLF -1.07%) rose more than 4% in after-hours trading after it reported Q2 adjusted EPS of 80 cents, higher than consensus of 68 cents.
Square (SQ +3.42%) lost almost 2% in after-hours trading after it forecast Q3 adjusted Ebitda of $62 million to $65 million, weaker than consensus of $71.3 million.
DexCom (DXCM +0.33%) surged 20% in after-hours trading after it reported Q2 revenue of $242.5 million, well above consensus of $205.9 million.
Hub Group (HUBG +1.19%) rallied almost 7% in after-hours trading after it reported Q2 revenue of $1.18 billion, better than consensus of $1.10 billion.
TripAdvisor (TRIP -0.59%) dropped 11% in after-hours trading after it reported Q2 revenue of $433 million, below consensus of $435 million.
MetLife (MET -0.26%) gained 1% in after-hours trading after it reported Q2 adjusted EPS of $1.30, better than consensus of $1.17.
Exact Sciences (EXAS +1.15%) sank over 20% in after-hours trading after it reported Q2 revenue of $102.9 million, below consensus of $104.8 million and said it expects 2018 sales of $420 million to $430 million, weaker than consensus of $435.8 million.
Cross Country Healthcare (CCRN +1.11%) fell more than 4% in after-hours trading after it reported Q2 revenue of $204.6 million, below consensus of $209.2 million and then forecast Q3 revenue of $195 million to $205 million, weaker than consensus of $220.6 million.
Fitbit (FIT -0.17%) rose 3% in after-hours trading after it reported Q2 revenue of $299.3 million, above consensus of $285.4 million, and then forecast full-year revenue of $1.50 billion, better than consensus of $1.47 billion.
Wednesday’s Key Earnings
Chesapeake Energy (NYSE:CHK) -5.7% on lower natural gas prices.
Enterprise Products (NYSE:EPD) +1.4% expanding pipeline capacity.
Ferrari (NYSE:RACE) -11% reeling back Marchionne targets.
Square (NYSE:SQ) -1.1% AH amid a weak earnings outlook.
T-Mobile (NASDAQ:TMUS) +1.1% AH beating wireless sub estimates.
Tesla (TSLA) +9.4% AH reaffirming profit, output targets.
Wynn Resorts (NASDAQ:WYNN) -3% AH missing both lines of its Q2 report.
Today’s Economic Calendar
7:30 Challenger Job-Cut Report
8:30 Initial Jobless Claims
10:00 Factory Orders
10:30 EIA Natural Gas Inventory
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY