Good morning. Happy Thursday.
The Asian/Pacific markets closed with a lean to the downside. India, Indonesia and Thailand did well, but China, Japan, Hong Kong, New Zealand, Taiwan, Australia and the Philippines were weak. Europe, Africa and the Middle East are mixed. Sweden, Turkey, Russia and Italy are up; Saudi Arabia, Kenya, Spain and the Netherlands are down. Futures in the States point towards a positive open for the cash market.
—————
Podcast – with @ChicagoSean
—————
The dollar is down. Oil and copper are up. Gold and silver are up. Bonds are down.
Overnight Stock Movers from barchart.com…
Parker-Hannifin (PH +1.04%) was rated a new ‘Overweight’ at Barclays with a price target of $200.
iRhythm Technologies (IRTC -0.74%) was rated anew ‘Buy’ at Chardan with a price target of $117.
Aerovironment (AVAV -0.47%) jumped 7% in after-hours trading after it reported Q1 revenue of $78.0 million, better than consensus of $73.7 million.
Guidewire (GWRE -4.28%) fell more than 5% in after-hours trading after it forecast full-year adjusted EPS of $1.15 to $1.26, the midpoint below consensus of $1.26.
Verint Systems (VRNT -1.97%) jumped more than 8% in after-hours trading after it reported Q2 adjusted EPS of 76 cents, well above consensus of 62 cents.
DocuSign (DOCU -2.70%) fell nearly 3% in after-hours trading despite reporting Q2 revenue of $167 million, higher than consensus of $158.8 million, and after it forecast full-year revenue of $683 million to $688 million, stronger than consensus of $657.9 million.
Ctrip.com International Ltd (CTRP -3.87%) rose 5% in after-hours trading after it reported Q2 revenue of $1.11 billion, higher than consensus of $1.07 billion.
Tenable Holdings (TENB -3.27%) slid more than 5% in after-hours trading after it reported a Q2 adjusted loss of -18 cents a share versus -9 cents y/y.
Cushman & Wakefield (CWK +0.06%) may open higher initially this morning after it reported Q2 revenue of $1.97 billion, stronger than consensus of $1.71 billion.
LaSalle Hotel Properties (LHO +0.03%) gained more than 1% in after-hours trading after its Board of Trustees voted unanimously that Pebblebrook’s Aug 21 proposal constitutes a “superior proposal” to Blackstone’s proposal.
Cloudera (CLDR -4.38%) rallied 10% in after-hours trading after it reported Q2 revenue of $110.3 million, above consensus of $107.8 million, and then forecast full-year revenue of $440 million to $450 million, the midpoint higher than consensus of $441.7 million.
ProQR Therapeutics NV (PRQR +120.75%) tumbled -11% in after-hours trading after it announced that it intends to offer $75 million of its common stock in an underwritten public offering.
REV Group (REVG -3.31%) dropped almost 8% in after-hours trading after it reported Q3 net sales of $597.7 million, weaker than consensus of $641.6 million, and then forecast full-year adjusted Ebitda of $160 million to $170 million, below consensus of $173 million.
Today’s Economic Calendar
7:30 Challenger Job-Cut Report
8:15 ADP Jobs Report
8:30 Initial Jobless Claims
8:30 Productivity and Costs
9:45 PMI Services Index
10:00 ISM Non-Manufacturing Index
10:00 Factory Orders
10:00 Fed’s Williams Speech
10:30 EIA Natural Gas Inventory
11:00 EIA Petroleum Inventories
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