Before the Open (Oct 26)

Good morning. Happy Friday.
The Asian/Pacific markets closed mostly down. Indonesia and the Philippines did well, but Hong Kong, South Korea, India, Singapore and Thailand were weak. Europe, Africa and the Middle East are currently mostly down. The UK, Poland, France, Turkey, Germany, Russia, South Africa, Norway, Hungary, Spain, the Netherlands, Italy, Belgium, Austria, Portugal, Israel and Sweden are each down more than 1%; Finland and Saudi Arabia are doing well. Futures in the States point towards a sizable gap down open for the cash market.
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VIDEO: What Do the Groups Tell Us
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The dollar is up. Oil and copper are down. Gold and silver are flat. Bonds are up.
Overnight Stock Movers from barchart.com…
Amazon.com (AMZN +7.09%) dropped more than 8% in pre-market trading after it reported Q3 net sales of $56.58 billion, below consensus of $57.07 billion, and then forecast Q4 net sales of $66.5 billion to $72.5 billion, weaker than consensus of $73.78 billion.
Alphabet (GOOGL +4.40%) fell 5% in pre-market trading after it reported Q3 revenue ex-TAC of $27.20 billion, below consensus of $27.33 billion.
Chipotle Mexican Grill (CMG +2.63%) gained almost 4% in after-hours trading after it reported Q3 adjusted EPS of $2.16, higher than consensus of $2.01.
Intel (INTC +4.46%) rose 3% in after-hours trading after it reported Q3 revenue of $19.16 billion, well above consensus of $18.12 billion.
Mohawk Industries (MHK +2.41%) tumbled 16% in after-hours trading after it reported Q3 adjusted EPS of $3.29, weaker than consensus of $3.58, and then forecast Q4 adjusted EPS of 2.45 to $2.60, well below consensus of $3.51.
Expedia Group (EXPE +2.93%) climbed more than 6% in after-hours trading after it reported Q3 adjusted EPS of $3.56, better than consensus of $3.10.n
Stryker (SYK +1.27%) fell 4% in after-hours trading after it reported Q3 net sales of $3.20 billion, weaker than consensus of $3.26 billion.
First Solar (FSLR +2.57%) dropped almost 8% in after-hours trading after it forecast full-year net sales of $2.3 billion to $2.4 billion, below consensus of $2.5 billion.
Western Digital (WDC +3.19%) declined more than 7% in after-hours trading after it reported Q1 net revenue of $5.03 billion, below consensus of $5.14 billion.
L Brands (LB +3.24%) was rated a new ‘Buy’ at Goldman Sachs with a price target of $36.
Mattel (MAT +2.98%) jumped 8% in after-hours trading after it reported Q3 gross margin of 42.6%, above consensus of 41.5%.
Briggs & Stratton (BGG +2.02%) dropped 6% in after-hours trading after it reported Q1 net sales of $279 million, weaker than consensus of $296.5 million.
Snap (SNAP +6.07%) fell nearly 4% in after-hours trading after it said Q3 daily active users fell -1% to 186 million, less than expectations of 186.8 million, and forecast Q4 revenue of $355 million to $380 million, the midpoint below consensus of $372.9 million.
Thursday’s Key Earnings
Altria (NYSE:MO) +1.4% giving in-line profit guidance.
Alphabet (NASDAQ:GOOG) -4% AH missing revenue estimates.
Amazon (AMZN) -7.4% AH amid a weak holiday outlook.
American Airlines (NASDAQ:AAL) +6.7% reaffirming guidance.
Bristol-Myers (NYSE:BMY) +0.8% upping its outlook.
Celgene (NASDAQ:CELG) -2.7% as Revlimid sales lagged.
Chipotle (NYSE:CMG) +0.7% AH with menu price increases.
Comcast (NASDAQ:CMCSA) +5% on broadband, entertainment growth.
ConocoPhillips (NYSE:COP) +3.6% raising full-year capex.
Expedia (NASDAQ:EXPE) +4.5% AH on travel bookings growth.
Gilead Sciences (NASDAQ:GILD) +0.3% AH beating expectations.
Intel (NASDAQ:INTC) +1.2% AH on PC, data center performance.
Mattel (NASDAQ:MAT) +6.6% AH after a rise in N.America sales.
Merck & Co (NYSE:MRK) -0.8% following mixed results.
Raytheon (NYSE:RTN) -3.1% despite a strong outlook.
Snap (NYSE:SNAP) -10.1% AH struggling to gain users.
Southwest Airlines (NYSE:LUV) -8.6% amid profit anxiety.
Twitter (NYSE:TWTR) +15.6% beating ad revenue estimates.
Union Pacific (NYSE:UNP) +2.6% topping expectations.
Valero (NYSE:VLO) +0.8% amid busy refineries.
Western Digital (NYSE:WDC) -12% AH on a flash price warning.
Today’s Economic Calendar
8:30 GDP Q3
10:00 Consumer Sentiment
1:00 PM Baker-Hughes Rig Count
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY