Good morning. Happy Thursday.
The Asian/Pacific markets closed with a lean to the upside. China, Hong Kong, New Zealand and Australia did well; Taiwan, Indonesia and Singapore were weak. Europe, Africa and the Middle East currently lean to the downside. Denmark, Turkey and Kenya are up while the UK, the UAE, Russia, Hungary, Italy, Israel, Austria and the Czech Republic are down. Futures in the States point towards a positive open for the cash market.
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ChartBook: List of ETFs
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The dollar is up. Oil and copper are up. Gold and silver are up. Bonds are up.
Overnight Stock Movers from barchart.com…
Ormat Technologies (ORA -4.94%) was upgraded to ‘Overweight’ from ‘Neutral’ at JPMorgan Chase with a price target of $60.
Signature Bank (SBNY +1.52%) was upgraded to ‘Outperform’ from ‘Market Perform’ at Hovde Group with a price target of $133.
Atmos Energy (ATO -0.10%) may initially open lower this morning after it forecast full-year adjusted EPS of $3.85 to $4.05, the midpoint below consensus of $3.96.
Masonite International (DOOR -1.73%) may initially open higher this morning after it reported Q2 adjusted Ebitda of $78.3 million, better than consensus of $76.6 million.
Jack in the Box (JACK +0.14%) jumped 7% in after-hours trading after it reported Q3 adjusted operating EPS of $1.00, better than consensus of 88 cents.
Carvana (CVNA -0.19%) rallied 10% in after-hours trading after it reported Q2 revenue of $475.3 million, well above estimates of $424.2 million, and then raised its full-year revenue estimate to $1.85 billion to $1.95 billion from prior view of $1.75 billion to $1.85 billion.
Axon Enterprise (AAXN -11.59%) was upgraded to ‘Outperform’ from ‘In-line’ at Imperial Capital LLC with a price target of $62.
Yelp (YELP -1.27%) rallied over 12% in after-hours trading after it forecast full-year adjusted Ebitda of $186 million to $192 million, higher than consensus of $183.8 million.
Bonanza Creek Energy (BCEI -1.70%) may initially open lower this morning after it reported Q2 adjusted EPS of $1.18, well below consensus of $1.40.
Zumiez (ZUMZ +1.81%) gained more than 4% in after-hours trading after it raised its Q2 EPS view to 13 cents-14 cents from a prior estimate of 4 cents to 9 cents.
Flowers Foods (FLO -3.04%) fell nearly 4% in after-hours trading after it reported Q2 adjusted EPS of 25 cents, weaker than consensus of 28 cents, and then forecast full-year adjusted EPS of $1.00 to $1.07, below consensus of $1.07.
CenturyLink (CTL -0.54%) climbed almost 5% in after-hours trading after it reported Q2 adjusted EPS of 26 cents, better than consensus of 24 cents.
Wildhorse Resource Development (WRD -13.38%) was upgraded to ‘Buy’ from ‘Hold’ at SunTrust Robinson Humphrey with a price target of $25.
Nuance Communications (NUAN +0.26%) rose more than 3% in after-hour trading after it forecast full-year adjusted EPS of $1.11 to $1.15, the midpoint above consensus of $1.11.
Akebia Therapeutics (AKBA -3.19%) tumbled 13% in after-hours trading after it reported a Q2 net loss of -60 cents a share, wider than consensus of -50 cents.
Wednesday’s Key Earnings
CenturyLink (NYSE:CTL) +2.5% AH raising its outlook.
CVS Health (NYSE:CVS) +4.2% fueled by prescription drugs.
Energy Transfer (NYSE:ETP) -1.5% missing estimates.
Michael Kors (NYSE:KORS) +6.7% following strong earnings.
Monster Beverage (NASDAQ:MNST) -0.2% AH on in-line revenues.
Mylan (NASDAQ:MYL) +1.8% rebounding after slashing guidance.
Occidental Petroleum (NYSE:OXY) -2.7% AH raising capex to $5B.
Roku (NASDAQ:ROKU) +9% AH adding more subscribers.
Southern Co. (NYSE:SO) -4.5% amid soaring costs.
Twenty-First Century Fox (NASDAQ:FOXA) +0.2% upping cable revenues.
Yelp (NYSE:YELP) +15.1% AH following a rosier outlook.
Today’s Economic Calendar
8:30 Initial Jobless Claims
8:30 Producer Price Index
9:30 Fed’s Evans: Economic Conditions and Monetary Policy
10:00 Wholesale Trade
10:30 EIA Natural Gas Inventory
1:00 PM Results of $18B, 30-Year Note Auction
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