Good morning. Happy Thursday. Happy FOMC Day.
The Asian/Pacific markets closed mostly up. Japan, Hong Kong, South Korea, India, Indonesia and Singapore posted the biggest gains. Europe, Africa and the Middle East are currently mixed. The UK, Denmark, Finland, Austria and the Czech Republic are up; Turkey, Russia, South Africa and Saudi Arabia are down. Futures in the States point towards a gap down open for the cash market.
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BLOG: CCI – Everything You Need to Know
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The dollar is up. Oil is up; copper is down. Gold and silver are down. Bonds are mixed.
Overnight Stock Movers from barchart.com…
QUALCOMM (QCOM -0.66%) fell 4% in pre-market trading after it forecast Q1 sales of $4.50 billion to $5.30 billion, below consensus of $5.56 billion.
Microchip Technology (MCHP +0.39%) slid nearly 4% in pre-market trading after it forecast Q3 adjusted EPS of $1.49 to $1.64, weaker than consensus of $1.65.
Take-Two Interactive Software (TTWO +1.72%) rose more than 2% in after-hours trading after it reported Q2 adjusted revenue of $583.4 million, higher than consensus of $551.1 million.
Jack Henry & Associates (JKHY -2.71%) may move higher initially this morning when it was announced after the close of trade on Wednesday that it will replace EQT Corp in the S&P 500 prior to the market open on Tuesday, November 13.
Wynn Resorts Ltd (WYNN +3.92%) tumbled 12% in after-hours trading after CEO Maddox warned of a slowdown in Macau this quarter, where Wynn does more than 70% of its business.
CyberArk Software Ltd (CYBR +5.74%) jumped 9% in after-hours trading after it reported Q3 adjusted EPS of 48 cents, higher than consensus of 27 cents, and then forecast full-year adjusted EPS of $1.75 to $1.77, stronger than consensus of $1.47.
Square (SQ +6.96%) slid 4% in after-hours trading after it forecast Q4 adjusted Ebitda of $75 million to $80 million, below consensus of $81.1 million.
Monster Beverage (MNST +2.04%) climbed over 5% in after-hours trading after it reported Q3 net sales of $1.02 billion, higher than consensus of $987.9 million.
DaVita (DVA +9.86%) dropped over 5% in after-hours trading after it reported Q3 net revenue of $2.85 billion, weaker than consensus of $2.93 billion.
Alarm.com Holdings (ALRM +3.30%) rallied 16% in after-hours trading after it reported Q3 revenue of $111.8 million, better than consensus of $96.8 million, and then forecast full-year revenue of $407.5 million to $409.7 million, above consensus of $390.4 million.
TripAdvisor (TRIP +1.88%) rose 5% in after-hours trading after it reported Q3 adjusted EPS of 72 cents, well above consensus of 48 cents.
Fossil Group (FOSL -12.72%) rallied more than 13% in after-hours trading after it reported an unexpected profit with Q3 EPS up 10 cents, better than consensus of a -19 cents EPS loss.
Flowers Foods (FLO +0.74%) fell more than 7% in after-hours trading after it reported Q3 adjusted EPS of 23 cents, below consensus of 25 cents, and then forecast full-year adjusted EPS of 90 cents to 95 cents, weaker than consensus of $1.01.
Hostess Brands (TWNK -0.90%) dropped nearly 6% in after-hours trading after it forecast full-year adjusted EPS of 52 cents to 55 cents, the midpoint below consensus of 54 cents.
Wednesday’s Key Earnings
Dish Network (NASDAQ:DISH) +0.3% on profit beat, subscriber miss.
Energy Transfer (NYSE:ET) +1.8% AH with adjusted EBITDA record.
Groupon (NASDAQ:GRPN) -10.6% as global units tumbled Y/Y.
Michael Kors (NYSE:KORS) -14.6% after a comp sales miss.
Southern Co. (NYSE:SO) +2.9% as earnings topped estimates.
Square (NYSE:SQ) -3.1% AH with disappointing Q4 guidance.
Roku (NASDAQ:ROKU) -12.2% AH despite beat-and-raise in Q3.
Qualcomm (NASDAQ:QCOM) -4.4% AH as Apple sales disappeared.
Take-Two (NASDAQ:TTWO) +2.5% AH amid strong bookings, ‘RDR2’ rampage.
TripAdvisor (NASDAQ:TRIP) +7.9% AH following hotel strength.
Wynn Resorts (NASDAQ:WYNN) -12.7% AH abandoning its lagoon project.
Today’s Economic Calendar
8:30 Initial Jobless Claims
10:30 EIA Natural Gas Inventory
2:00 PM FOMC Announcement
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