Before the Open (Nov 14)

Good morning. Happy Wednesday.
The Asian/Pacific markets closed with a slight lean to the downside. Indonesia and the Philippines posted gains; China, Hong Kong, Australia and Thailand posted losses. Europe, Africa and the Middle East currently lean to the upside. Poland, Turkey and Hungary are leading; Greece, Saudi Arabia, Israel, Sweden and South Africa are down. Futures in the States point towards a moderate gap up open for the cash market.
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BLOG: Bollinger Bands – Everything You Need to Know
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The dollar is down. Oil and copper are up. Gold and silver are mixed and flat. Bonds are down.
Overnight Stock Movers from barchart.com…
Edison International (EIX +3.70%) was downgraded to ‘Sell’ from ‘Hold’ at Edqard Jones.
MercadoLibre (MELI +1.84%) was rated a new ‘Buy’ at BTIG LLC with a price target of $395.
Etsy (ETSY -6.63%) gained 1% in after-hours trading after it was rated a new ‘Buy’ at BTIG LLC with a price target of $59.
3M (MMM +0.67%) may move higher initially this morning after its board authorized the repurchase of up to $10 billion of the company’s outstanding common stock.
Tilray (TLRY -1.67%) slid almost 3% in after-hours trading after it reported Q3 revenue of $10 million, below consensus of $10.1 million.
Wix.com Ltd (WIX +3.06%) dropped 4% in after-hours trading after it reported Q3 premium subscribers rose +26% y/y, weaker than 28% growth in Q2 and slower than 29% growth in Q1.
CareDx (CDNA -7.41%) lost nearly 4% in after-hours trading after it announced that it intends to offer 2.0 million shares of its common stock in an underwritten public offering.
PetIQ (PETQ -5.36%) jumped 7% in after-hours trading after it boosted its full-year sales outlook to about $515 million, higher than consensus of $502.3 million.
Cardlytics (CDLX -2.90%) dropped almost 10% in after-hours trading after it reported Q3 revenue of $34.6 million, weaker than consensus of $37.4 million, and then forecast Q4 revenue of $43 million to $45 million, below consensus of $49.1 million.
SVMK Inc (SVMK -1.83%) climbed more than 3% in after-hours trading after it forecast full-year revenue of $251.2 million to $253.2 million, better than consensus of $249 million.
MACOM Technology Solutions Holdings (MTSI +1.68%) rose 3% in after-hours trading after it forecast Q1 adjusted EPS of 18 cents to 22 cents, the midpoint above consensus of 19 cents.
Switch (SWCH -0.86%) fell nearly 3% in after-hours trading after it forecast full-year adjusted Ebitda of $197 million to $200 million, the midpoint below consensus of $198.8 million.
Amyris (AMRS +0.68%) plunged 29% in after-hours trading after it reported Q3 GAAP revenue of $14.9 million, versus $24.2 million y/y.
Imprimis Pharmaceuticals (IMMY -10.23%) jumped 11% in after-hours trading after it reported Q3 gross margin expanded to 61% from 48% in the year-earlier period.
Tuesday’s Key Earnings
Blue Apron (APRN) -1.6% AH following a decrease in customers.
Home Depot (NYSE:HD) -0.3% warning on comparable sales.
Tilray (NASDAQ:TLRY) -3.1% AH on lower prices, tight margins.
Tyson Foods (NYSE:TSN) -5.6% posting weak guidance.
Today’s Economic Calendar
7:00 MBA Mortgage Applications
8:30 Consumer Price Index
9:00 Fed’s Reserve Vice Chairman for Supervision Governor Quarles Semi-Annual Testimony
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY