Before the Open (Aug 10)

Good morning. Happy Friday.
The Asian/Pacific markets closed mostly down. New Zealand did well, but Japan, Hong Kong, South Korea, Singapore and Thailand were weak. Europe, Africa and the Middle East are currently suffering relatively big losses. Poland, France, Turkey, Germany, UAE, Russia, Greece, Finland, Switzerland, Hungary, Spain, the Netherlands, Italy, Belgium, Austria and Sweden are down a bunch. Futures in the States point towards a moderate gap down open for the cash market.
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ChartBook: List of ETFs
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The dollar is up. Oil is up; copper is down. Gold and silver are mixed and little changed. Bonds are up.
Overnight Stock Movers from barchart.com…
Intel (INTC +0.36%) was downgraded to ‘Sell’ from ‘Neutral’ at Goldman Sachs with a price target of $44.
Tesla (TSLA -4.83%) rose nearly 3% in after-hours trading after CNBC reported that Tesla’s board of directors planned to meet with financial advisers next week to formalize a process to take the company private.
ICU Medical (ICUI +3.27%) jumped almost 7% in after-hours trading after it reported Q2 adjusted EPS of $2.66, well above consensus of $1.82, and then forecast full-year adjusted EPS of $8.30 to $8.70, stronger than consensus of $7.52.
athenahealth (ATHN -0.10%) climbed almost 3% in after-hours trading after dealReporter said UnitedHealth is among suitors involved in a second round of bids for the company.
Universal Display (OLED -0.83%) slid more than 4% in after-hours trading after it forecast full-year revenue of $280 million to $310 million, the midpoint below consensus of $304.1 million.
Trade Desk (TTD +2.10%) jumped 15% in after-hours trading after it reported Q2 revenue of $112.3 million, higher than consensus of $104 million, and then forecast Q3 revenue of $116 million, better than consensus of $109.2 million.
Planet Fitness (PLNT +1.06%) rose nearly 6% in after-hours trading after it reported Q2 adjusted EPS of 34 cents, better than consensus of 31 cents.
Copa Holdings SA (CPA -14.57%) was downgraded to ‘Sell’ from ‘Hold’ at Stifel with a price target of $70.
Puma Biotechnology (PBYI +0.72%) rallied 19% in after-hours trading after Q2 sales of its Nerlynx drug for early-stage breast cancer was $50.8 million, above estimates of $44.8 million.
Overstock.com (OSTK +4.47%) surged 20% in after-hours trading after a Hong Kong based private equity firm, GSR Capital, signed term sheets to invest as much as $374.55 million in exchange for equity in the company and its tZero blockchain subsidiary.
Redfin (RDFN +2.07%) lost 3% in after-hours trading after it forecast Q3 revenue of $137.1 million, below consensus of $141.5 million.
Corcept Therapeutics (CORT -0.71%) slumped 18% in after-hours trading after it reported Q2 revenue of $62.3 million, weaker than consensus of $68.5 million, and then cut its 2018 revenue forecast to $250 million to $270 million from a prior view of $275 million to $300 million, below consensus of $291.6 million.
ExOne (XONE +0.13%) sank 16% in after-hours trading after it reported a Q2 loss of -50 cents a share, wider than consensus of -33 cents a share.
Thursday’s Key Earnings
Dropbox (NASDAQ:DBX) -8.5% AH with COO Woodside to depart.
Cheniere Energy (NYSEMKT:LNG) +4.2% expecting no tariff impacts.
Overstock.com (NASDAQ:OSTK) +17.8% AH amid blockchain investment.
Plug Power (NASDAQ:PLUG) -5.5% missing earnings estimates.
Today’s Economic Calendar
8:30 Consumer Price Index
1:00 PM Baker-Hughes Rig Count
2:00 PM Treasury Budget
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY