Before the Open (Sep 7)

Good morning. Happy Friday. Happy Employment Numbers Day.
The Asian/Pacific markets closed with a lean to the downside. India and Indonesia closed up; Japan, Hong Kong, South Korea, Taiwan and the Philippines closed down. Europe, Africa and the Middle East currently lean to the downside. The UK, Poland, Norway, Spain, the Netherlands, Italy, Belgium, Portugal and Sweden are down. Futures in the States were down a couple points prior to the employment numbers being released; then they fell further.
—————
Podcast – with @ChicagoSean
—————
The dollar is down. Oil is flat; copper is down. Gold and silver are up. Bonds are down.
Here are the employment figures.
unemployment rate: 3.9% (unchanged)
nonfarm payrolls: +201K
private payrolls:
average workweek: flat at 34.5 hours
hourly wages: up 10 cents to $27.16
labor participation rate:
June gain reduced from 248K to 208K
July gain reduced from 157K to 147K.
Overnight Stock Movers from barchart.com…
Reliance Steel & Aluminum (RS +0.25%) was downgraded to ‘Underperform’ from ‘Buy’ at Bank of America/Merrill Lynch.
Broadcom (AVGO -2.46%) rose more than 3% in after-hours trading after it reported Q3 adjusted EPS from continuing operations of $4.98, stronger than expectations of $4.83.
Palo Alto Networks (PANW -0.84%) climbed nearly 6% in after-hours trading after it reported Q4 revenue of $658.1 million, well above consensus of $633.1 million, and then forecast Q1 revenue of $625 million to $635 million, higher than consensus of $619.2 million.
Five Below (FIVE +0.65%) jumped almost 8% in after-hours trading after it reported Q2 EPS of 45 cents, higher than consensus of 38 cents, and then raised guidance on full-year EPS to $2.51 to $2.57 from a prior view of $2.36 to $2.42, stronger than consensus of $2.48.
Tilray (TLRY -10.86%) fell more than 4% in after-hours trading on top of the 11% it lost during Thursday’s session when it was downgraded to ‘Market Perform’ from ‘Outperform’ at Northland Securities.
Okta (OKTA +0.53%) rallied nearly 16% in after-hours trading after it reported Q2 revenue of $94.6 million, better than consensus of $85.0 million, and then forecast full-year revenue of $372 million to $375 million, well above consensus of $357.3 million.
MCBC Holdings (MCFT +5.92%) rose 4% in after-hours trading after it reported Q4 adjusted Ebitda of $19.8 million, higher than consensus of $15.8 million.
At Home Group (HOME -4.39%) lost 2% in after-hours trading after it announced the launch of a proposed underwritten secondary public offering of 10 million shares of its common stock by certain stockholders.
Finisar (FNSR -2.09%) rallied 6% in after-hours trading after it reported Q1 adjusted EPS of 18 cents, higher than consensus of 12 cents, and then forecast Q2 adjusted EPS of 19 cents to 25 cents, the midpoint above consensus of 19 cents.
GameStop (GME -0.74%) fell 4% in after-hours trading after it reported Q2 adjusted EPS of 5 cents, below consensus of 8 cents.
Domo (DOMO +3.87%) gained more than 2% in after-hours trading after it reported Q2 revenue of $34.3 million, higher than consensus of $32.0 million.
eGain (EGAN -2.49%) slumped 22% in after-hours trading after it reported Q4 revenue of $15.6 million, weaker than consensus of $15.8 million and the company’s first miss in five quarters.
Menlo Therapeutics (MNLO +0.39%) climbed over 3% in after-hours trading after it was rated a new ‘Overweight’ at Cantor Fitzgerald with a price target of $25.
Thursday’s Key Earnings
Broadcom (NASDAQ:AVGO) +3.7% AH on data center demand.
GameStop (NYSE:GME) -1.6% AH missing profit estimates.
Today’s Economic Calendar
8:30 Non-farm payrolls
8:30 Fed’s Rosengren: “What Are the Consequences of Long Spells of Low Interest Rates?”
9:00 Fed’s Mester: “What Are the Consequences of Long Spells of Low Interest Rates?”
10:00 Quarterly Services Report
1:00 PM Baker-Hughes Rig Count
10:45 Fed’s Rosengren Speech on Saturday
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY