Before the Open (Dec 7)

Good morning. Happy Friday. Happy Employment Numbers Day.
The Asian/Pacific markets leaned to the upside. Japan, South Korea, India and Taiwan did well; Hong Kong and the Philippines were weak. Europe, Africa and the Middle East are currently doing well. The UK, France, Denmark, Russia, Switzerland, Norway, Spain, the Netherlands, Italy and Sweden are up more than 1%; Finland, Hungary and Israel are down. Futures in the States point towards a down open for the cash market.
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BLOG: Business, Poker & Trading
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The dollar is up slightly. Oil and copper are up. Gold and silver are up. Bonds are down.
Here are the employment figures.
unemployment rate: 3.7% (same as last month)
nonfarm payrolls: +155K
private payrolls:
average workweek: down 0.1 hours to 34.4 hours
hourly wages: up 0.2% to $27.35
labor participation rate:
October nonfarm payrolls decreased from 250K to 237K.
September increased from 118K to 119K
Overnight Stock Movers from barchart.com…
Expeditors International (EXPD -1.64%) was downgraded to ‘Sell’ from ‘Neutral’ at Goldman Sachs with a price target of $68.
Broadcom (AVGO -2.07%) climbed more than 6% in after-hours trading after it reported Q4 adjusted EPS from continuing operations at $5.85, better than consensus of $5.56.
Ulta Beauty (ULTA +0.61%) dropped 5% on after-hours trading after it forecast Q4 revenue of $2.085 billion to $2.103 billion, weaker than consensus of $2.12 billion.
WD-40 (WDFC -0.95%) was rated a new ‘Buy’ at D.A. Davidson with a price target of $209.
Lululemon Athletica (LULU -1.63%) fell 4% in after-hours trading after it forecast Q4 comparable-store sales will rise in the high-single or low-double digits, weaker than the 18% increase in Q3.
Zendesk (ZEN +2.39%) was rated a new ‘Outperform’ at Wedbush with a price target of $71.
Global Blood Therapeutics (GBT +2.68%) slid nearly 6% in after-hours trading after it announced an agreement to sell $150 million in shares of its common stock in a registered underwritten public offering.
Comtech Telecommunications (CMTL +1.56%) jumped 9% in after-hours trading after it reported Q1 net sales of $160.8 million, above consensus of $129.4 million, and then forecast full-year net sales of $625 million to $640 million, stronger than consensus of $609.8 million.
United Natural Foods (UNFI -2.90%) slid 6% in after-hours trading after it reported Q1 adjusted EPS of 59 cents, well below consensus of 73 cents.
Zumiez (ZUMZ +0.26%) fell 7% in after-hours trading after it forecast Q4 net sales of $295 million to $301 million, weaker than consensus of $312.4 million.
Domo (DOMO -1.14%) rose 4% in after-hours trading after it reported Q3 revenue of $36.8 million, better than consensus of $35.0 million, and then forecast Q4 revenue of $37.5 million to $37.9 million, higher than consensus of $35.7 million.
American Outdoor Brands (AOBC +3.30%) rallied more than 13% in after-hours trading after it reported Q2 net sales of $161.7 million, higher than consensus of $154.1 million, and then forecast full-year net sales of $625 million to $635 million, stronger than consensus of $$624.9 million.
Quotient Ltd (QTNT +0.87%) dropped 6% in after-hours trading after it announced that it intends to sell $50 million of its common stock in an underwritten public offering.
Thursday’s Key Earnings
American Outdoor (NASDAQ:AOBC) AH with firearm, outdoor strength.
Broadcom (NASDAQ:AVGO) +5.2% AH driven by storage demand.
Kroger (NYSE:KR) +3.2% beating quarterly estimates.
Lululemon (NASDAQ:LULU) +0.1% AH following an earnings topper.
Ulta Beauty (NASDAQ:ULTA) -5.1% AH giving a light holiday forecast.
Today’s Economic Calendar
8:30 Non-farm payrolls
10:00 Wholesale Trade
10:00 Consumer Sentiment
10:30 EIA Natural Gas Inventory
12:15 PM Fed’s Reserve Gov. Lael Bralnard Speech
1:00 PM Baker-Hughes Rig Count
3:00 PM Consumer Credit
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY