Good morning. Happy Wednesday.
The Asian/Pacific markets leaned to the downside. China, Hong Kong and Singapore did well; Japan, South Korea, India, New Zealand, Australia, Malaysia, Indonesia and the Philippines were weak. Europe, Africa and the Middle East are currently mostly up. The UK, France, Turkey, Germany, Greece, Norway, the Netherlands, Italy, Portugal and Austria are doing well. Futures in the States point towards a relatively big gap up open for the cash market.
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BLOG: Business, Poker & Trading
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The dollar is down. Oil and copper are up. Gold and silver are up. Bonds are down.
Overnight Stock Movers from barchart.com…
Neurocrine Bio (NBIX +1.33%) was rated a new ‘Buy’ at Canaccord Genuity with a price target of $111.
Nvidia (NVDA +3.03%) was downgraded to ‘Underperform’ from ‘Neutral’ at Exane BNP Paribas with a price target of $130.
Goldman Sachs (GS -3.47%) is down -0.4% in pre-market trading after it was downgraded to ‘Equal-Weight’ from ‘Overweight’ at Morgan Stanley.
Deere & Co (DE -2.84%) is down more than 4% in pre-market trading after it reported Q4 adjusted EPS of $2.30, below consensus of $2.45.
Autodesk (ADSK -2.14%) rallied more than 8% in after-hours trading after it reported Q3 net revenue of $660.9 million, higher than consensus of $640.8 million.
Wix.com (WIX +1.32%) was upgraded to ‘Outperform’ from ‘Sector Perform’ at
Keysight Technologies (KEYS -2.20%) climbed more than 5% in after-hours trading after it reported Q4 adjusted EPS of $1.01, higher than consensus of 91 cents.
Copart (CPR) may open higher initially this morning after it reported Q1 operating income of $151.4 million, better than consensus of $147.7 million.
Foot Locker (FL -5.57%) jumped nearly 12% in after-hours trading after it reported Q3 adjusted EPS of 95 cents, better than consensus of 92 cents.
The Gap (GPS -3.07%) may move lower initially this morning after it reported Q3 total comparable sales were unchanged, weaker than consensus of a +1.1% increase.
Caleres (CAL -3.30%) dropped 7% in after-hours trading after it reported Q3 adjusted EPS of 81 cents, weaker than consensus of 87 cents, and then forecast full-year adjusted EPS of $2,25 to $2.35, below consensus of $2.45.
BJ’s Wholesale Club Holdings (BJ -1.20%) rose more than 6% in after-hours trading after it reported Q3 adjusted Ebitda of $148.6 million, well above consensus of $141.1 million.
InfraREIT (HIFR +0.05%) climbed 6% in after-hours trading after it said it received a nonbinding acquisition proposal from a third party.
Tuesday’s Key Earnings
Best Buy (NYSE:BBY) +2.1% beating expectations.
Gap (NYSE:GPS) -1.4% AH on weak namesake brand performance.
Kohl’s (NYSE:KSS) -9.2% amid negative retail sentiment.
Lowe’s (NYSE:LOW) -5.7% outlining further restructuring.
Medtronic (NYSE:MDT) +2% on a strong Q2, rosy outlook.
Target (NYSE:TGT) -10.5% following an earnings miss.
TJX Co. (NYSE:TJX) -4.4% hit by higher freight costs.
Today’s Economic Calendar
7:00 MBA Mortgage Applications
8:30 Durable Goods
8:30 Initial Jobless Claims
10:00 Consumer Sentiment
10:00 Existing Home Sales
10:00 Leading Indicators
10:30 EIA Petroleum Inventories
12:00 PM EIA Natural Gas Inventory
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