Before the Open (Aug 29)

Good morning. Happy Wednesday.
The Asian/Pacific markets closed with a lean to the upside. Japan, Hong Kong, South Korea, New Zealand, Taiwan and Australia posted gains; China and India were down. Europe, Africa and the Middle East are currently mixed and little changed. Russia and Israel are up; Poland, Turkey and Spain are down. Futures in the States point towards a slight positive open for the cash market.
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Blog: Advice from Warren Buffett
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The dollar is up. Oil is up; copper is down. Gold and silver are down. Bonds are up.
Overnight Stock Movers from barchart.com…
Royal Caribbean Cruises Ltd (RCL +0.14%) was upgraded to ‘Buy’ from ‘Hold’ at Deutsche Bank with a price target of $146.
HP Enterprise (HPE +1.76%) rose nearly 3% in after-hours trading after it reported Q3 adjusted EPS of 44 cents, above consensus of 37 cents, and then raised guidance on full-year adjusted EPS to $1.50 to $1.55 from a prior view of $1.40 to $1.50.
Instructure (INST +1.27%) was rated a new ‘Buy’ at D.A. Davidson & Co with a price target of $47.
Roku (ROKU -1.73%) lost more than 1% in after-hours trading after The Information reported that Amazon is planning to start a free video service for the 48 million users of Fire TV streaming video service.
Weight Watchers International (WTW +0.37%) was rated a new ‘Outperform’ at Oppenheimer with a price target of $98.
Tilray (TLRY -3.63%) jumped 11% in after-hours trading after it reported Q2 revenue of $9.7 million, higher than consensus of $9.0 million.
Shoe Carnival (SCVL +5.91%) rallied 7% in after-hours trading after it reported Q2 EPS of 76 cents, higher than consensus of 56 cents, and then forecast full-year EPS of $2.07 to $2.15 better than consensus of $2.05.
Tailored Brands (TLRD +3.84%) dropped 6% in after-hours trading after President and COO Bruce Thorn resigned and CEO Doug Ewert said he will retire at the end of September.
H&R Block (HRB -1.84%) rose more than 3% in after-hours trading after it reported Q1 revenue of $145.2 million, stronger than consensus of $137.7 million.
Box Inc (BOX +2.35%) fell more than 3% in after-hours trading after it forecast Q3 revenue of $154 million to $155 million, the midpoint below consensus of $155 million.
NCI Building Systems (NCS +0.32%) rallied 5% in after-hours trading after it reported Q3 adjusted Ebitda of $63.3 million, higher than consensus of $60.5 million, and then forecast Q4 adjusted Ebitda of $60 million to $70 million, the midpoint above consensus of $64.4 million.
Centennial Resource Development (CDEV -0.63%) was rated a new ‘Overweight’ at Barclays with a price target of $24.
Aviat Networks (AVNW +1.95%) rose 5% in after-hours trading after it reported Q4 revenue of $62.5 million versus $56.4 million y/y, and then forecast 2019 revenue of $255 million to $265 million.
Prospect Capital (PSEC -0.56%) gained 2% in after-hours trading after it reported Q4 net investment of 22 cents, above consensus of 20 cents.
Affimed NV (AFMD +246.88%) climbed more than 5% in after-hours trading after surging more than 240% in Tuesday’s session after the company secured an initial $96 million payment in a pact to develop cancer therapies with Roche.
Tuesday’s Key Earnings
Bank of Montreal (NYSE:BMO) +0.2% beating estimates.
Bank of Nova Scotia (NYSE:BNS) -1.7% posting a Q3 revenue miss.
Best Buy (NYSE:BBY) -5% expecting a comp growth slowdown.
Box (NYSE:BOX) -7.1% AH amid weak earnings guidance.
Hewlett Packard Enterprise (NYSE:HPE) +1.7% AH on revenue growth.
Today’s Economic Calendar
7:00 MBA Mortgage Applications
8:30 GDP Q2
8:30 Corporate profits
10:00 Pending Home Sales
10:00 State Street Investor Confidence Index
10:30 EIA Petroleum Inventories
11:30 Results of $17B, 2-Year FRN Auction
11:30 Results of $31B, 7-Year Note Auction
3:00 PM Farm Prices
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY