Live Index – Wed, 22 Apr 2015 Premarket
June E-mini S&Ps (ESM15 -0.20%) this morning are down -0.33% and European stocks are down -0.67% as a decline in crude oil undercuts energy producers which are leading the overall market lower. Chipotle Mexican Grill slumped over 5% in pre-market trading as Q1 revenue trailed analysts’ estimates. Losses in European stocks were limited after ASML Holding NV, Europe’s largest chip-equipment maker, jumped over 6% after it said it signed a deal with a U.S. customer to deliver at least 15 of its extreme ultraviolet lithography systems. Greek default concerns eased as the Greek 10-year bond yield fell back from a 2-1/3 year high on signs that Greek and EU officials were moving closer to a resolution on financing Greece’s debt. Asian stocks closed mostly higher: Japan +1.13%, Hong Kong +0.30%, China +2.44%, Taiwan +0.83%, Australia -0.59%, Singapore -0.35%, South Korea +0.18%, India +0.77%. Japan’s Nikkei Stock Index rose to a 15-year high after Japan’s Mar trade balance showed Japan swung to its largest trade surplus in 3-1/2 years. China’s Shanghai Composite Index climbed to a new 7-year high on speculation the Chinese government will counter slowing growth with stimulus.
Commodity prices are mostly lower. Jun crude oil (CLM15 -0.72%) is down -0.53% and Jun gasoline (RBM15 -0.13%) is down -0.06% ahead of an expected +2.5 million bbl increase in EIA crude supplies later today. Metals prices are lower. Jun gold (GCM15 -0.03%) is down -0.08%. May copper (HGK15 -0.37%) is down -0.39%. Agriculture prices are mixed.
The dollar index (DXY00 -0.34%) is down -0.35%. EUR/USD (^EURUSD) is up +0.27%. USD/JPY (^USDJPY) is down -0.12%.
Jun T-note prices (ZNM15 +0.01%) are up +4 ticks.
The Greek 10-year bond yield fell back from a 2-1/3 year high as Greek default concerns eased after Greek Finance Minister Varoufakis said late Tuesday that there were narrowing differences between the government and Eurozone officials and that neither “will let the opportunity slip to arrive at an agreement.”
U.S. reports today include: (1) weekly MBA mortgage applications (last -2.3% with purchase sub-index -3.1% and refi sub-index -1.8%), (2) Feb FHFA house price index (expected +0.5% m/m after Jan’s +0.3% m/m), and (3) Mar existing home sales (expected +3.1% to 5.03 million after Feb’s +1.2% to 4.88 million).
There are 31 of the S&P 500 companies that report earnings today with notable reports including: Facebook (consensus $ 0.40), eBay (0.70), AT&T (0.62), Boeing (1.80), Coca-Cola (0.42), McDonald’s (1.06), Bank of NY Mellon (0.59).
U.S. IPO’s scheduled to price today include: National Storage Affiliates (NSA).
Equity conferences during the remainder of this week include: American Association for Cancer Research Meeting on Mon-Wed, IHS CERAWeek Energy Conference on Mon-Thu, Financial Times Commodities Global Summit on Tue-Wed, Future Bank Asia 2015 on Tue-Wed, American Academy of Neurology Meeting on Wed, Capital Link Closed-End Funds & Global ETFs Forum – Panel on Thu, RSA Conference on Thu.
EMC (EMC -1.72%) reported Q1 adjusted EPS of 31 cents, below consensus of 36 cents.
United Rentals (URI -0.97%) reported Q1 adjusted EPS of $ 1.34, well above consensus of $ 1.13.
Yum! Brands (YUM -0.30%) climbed 4% in after-hours trading after it reported Q1 adjusted EPS of 80 cents, higher than consensus of 72 cents.
Rush Enterprises (RUSHA +1.03%) reported Q1 EPS of 41 cents, above consensus of 38 cents.
Perrigo (PRGO -2.66%) reported Q3 adjusted EPS of $ 1.85, stronger than consensus of $ 1.78.
Discover (DFS -0.39%) reported Q1 EPS $ 1.28, better than consensus of $ 1.27.
Illumina (ILMN +3.17%) reported Q1 adjusted EPS of 91 cents, higher than consensus of 72 cents, and then raised guidance on fiscal 2015 adjusted EPS view to $ 3.36-$ 3.42 from $ 3.12-$ 3.18, well above consensus of $ 3.20.
Intuitive Surgical (ISRG -1.13%) dropped over 3% in after-hours trading after it reported Q1 EPS of $ 3.57, well below consensus of $ 3.87.
Yahoo (YHOO -0.36%) fell over 2% in after-hours trading after it reported Q1 EPS of 15 cents, weaker than consensus of 18 cents.
Broadcom (BRCM +0.83%) moved up 4% in after-hours trading after it reported Q1 adjusted EPS of 64 cents, above consensus of 60 cents.
FMC Technologies (FTI -4.48%) reported Q1 EPS of 63 cents, better than consensus of 59 cents.
Stryker (SYK +1.46%) reported Q1 adjusted EPS of $ 1.11, higher than consensus of $ 1.08.
Chipotle (CMG +0.81%) slid over 5% in pre-market trading after it reported Q1 EPS of $ 3.88, better than consensus of $ 3.66, but reported Q1 revenue of $ 1.09 billion, below consensus of $ 1.11 billion.
Amgen (AMGN +1.50%) gained nearly 2% in after-hours trading after it reported Q1 EPS of $ 2.48, well above consensus of $ 2.10, and then raised guidance on fiscal 2015 EPS view to $ 9.35-$ 9.65 from $ 9.05-$ 9.40, stronger than consensus of $ 9.32.
Cree (CREE +0.85%) dropped over 5% in after-hours trading after it reported Q3 adjusted EPS of 22 cents, below consensus of 23 cents.
VMware (VMW +1.34%) reported Q1 EPS of 86 cents, higher than consensus of 84 cents.
June E-mini S&Ps (ESM15 -0.20%) this morning are down -7.00 points (-0.33%). Tuesday’s closes: S&P 500 -0.15%, Dow Jones -0.47%, Nasdaq +0.42%. The S&P 500 index on Tuesday closed mildly lower on continued concern about a Greek debt default and on weakness in oil producers after crude oil fell more than 2%. Stocks got a boost from M&A after Teva Pharmaceutical Industries offered to buy Mylan for $ 40.1 billion.
Jun 10-year T-notes (ZNM15 +0.01%) this morning are up +4 ticks. Tuesday’s closes: TYM5 -5.50, FVM5 -2.75. T-note prices on Tuesday closed lower after New York Fed President Dudley said on Monday that he is relatively optimistic that U.S. economic growth will support a hike in interest rates.
The dollar index (DXY00 -0.34%) this morning is down -0.339 (-0.35%). EUR/USD (^EURUSD) is up +0.0029 (+0.27%). USD/JPY (^USDJPY) is down -0.14 (-0.12%). Tuesday’s closes: Dollar Index +0.063 (+0.06%), EUR/USD -0.0002 (-0.02%), USD/JPY +0.498 (+0.42%). The dollar index on Tuesday closed slightly higher as EUR/USD fell on news that the German Apr ZEW survey of expectations for economic growth unexpectedly fell for the first time in six months with a -1.5 point decline to 53.3. EUR/USD also saw weakness on Greek default concerns after the Greek 10-year bond yield rose to a 2-1/3 year high. However, EUR/USD got a boost after Dutch Finance Minister Dijsselbloem said that some progress has been made in Greek debt talks that could result in a deal by the end of the month.
Jun WTI crude oil (CLM15 -0.72%) this morning is down -30 cents (-0.53%) and Jun gasoline (RBM15 -0.13%) is down -0.0011 (-0.39%). Tuesday’s closes: CLM5 -1.27 (-2.19%), RBM5 -0.0522 (-2.70%). Jun crude and gasoline on Tuesday closed lower on expectations that Wednesday’s weekly EIA data will show that crude oil inventories rose +2.5 million bbl to another new record high.
|US||0700 ET||Weekly MBA mortgage applications, previous -2.3% with purchase sub-index -3.1% and refi sub-index -1.8%.|
|0900 ET||Feb FHFA house price index expected +0.5% m/m, Jan +0.3% m/m.|
|1000 ET||Mar existing home sales expected +3.1% to 5.03 million, Feb +1.2% to 4.88 million.|
|1030 ET||EIA Weekly Petroleum Status Report.|
|1500 ET||USDA Mar Cold Storage.|
|UK||0430 ET||Minutes of the Apr 8-9 BOE meeting.|
|EUR||1000 ET||Eurozone Apr consumer confidence expected +1.2 to -2.5, Mar -3.7|
|JPN||2135 ET||Japan Apr Markit/JMMA manufacturing PMI expected +0.4 to 50.7, Mar 50.3.|
|CHI||2145 ET||China Apr HSBC flash manufacturing PMI expected -0.2 to 49.4, Mar -1.1 to 49.6.|
|Eaton Corp PLC||ETN US||3:00||Annual General Meeting||Y 2015|
|Abbott Laboratories||ABT US||Bef-mkt||Q1 2015 Earnings Release||Q1 2015||0.419|
|Boeing Co/The||BA US||Bef-mkt||Q1 2015 Earnings Release||Q1 2015||1.802|
|Coca-Cola Co/The||KO US||Bef-mkt||Q1 2015 Earnings Release||Q1 2015||0.423|
|McDonald’s Corp||MCD US||Bef-mkt||Q1 2015 Earnings Release||Q1 2015||1.058|
|Ryder System Inc||R US||Bef-mkt||Q1 2015 Earnings Release||Q1 2015||1.001|
|Thermo Fisher Scientific Inc||TMO US||Bef-mkt||Q1 2015 Earnings Release||Q1 2015||1.609|
|DR Horton Inc||DHI US||Bef-mkt||Q2 2015 Earnings Release||Q2 2015||0.384|
|Huntington Bancshares Inc/OH||HBAN US||Bef-mkt||Q1 2015 Earnings Release||Q1 2015||0.19|
|AutoNation Inc||AN US||Bef-mkt||Q1 2015 Earnings Release||Q1 2015||0.886|
|T Rowe Price Group Inc||TROW US||Bef-mkt||Q1 2015 Earnings Release||Q1 2015||1.136|
|Amphenol Corp||APH US||Bef-mkt||Q1 2015 Earnings Release||Q1 2015||0.564|
|TE Connectivity Ltd||TEL US||Bef-mkt||Q2 2015 Earnings Release||Q2 2015||1.002|
|Nielsen NV||NLSN US||Bef-mkt||Q1 2015 Earnings Release||Q1 2015||0.471|
|Bank of New York Mellon Corp/The||BK US||6:30||Q1 2015 Earnings Release||Q1 2015||0.594|
|EMC Corp/MA||EMC US||7:00||Q1 2015 Earnings Release||Q1 2015||0.361|
|St Jude Medical Inc||STJ US||7:15||Q1 2015 Earnings Release||Q1 2015||0.91|
|Bank of New York Mellon Corp/The||BK US||8:00||Q1 2015 Earnings Call||Q1 2015|
|St Jude Medical Inc||STJ US||8:00||Q1 2015 Earnings Call||Q1 2015|
|Nielsen NV||NLSN US||8:00||Q1 2015 Earnings Call||Q1 2015|
|Navient Corp||NAVI US||8:00||Q1 2015 Earnings Call||Q1 2015|
|EMC Corp/MA||EMC US||8:30||Q1 2015 Earnings Call||Q1 2015|
|Thermo Fisher Scientific Inc||TMO US||8:30||Q1 2015 Earnings Call||Q1 2015|
|ACE Ltd||ACE US||8:30||Q1 2015 Earnings Call||Q1 2015|
|TE Connectivity Ltd||TEL US||8:30||Q2 2015 Earnings Call||Q2 2015|
|Abbott Laboratories||ABT US||9:00||Q1 2015 Earnings Call||Q1 2015|
|FMC Technologies Inc||FTI US||9:00||Q1 2015 Earnings Call||Q1 2015|
|Yum! Brands Inc||YUM US||9:15||Q1 2015 Earnings Call||Q1 2015|
|Coca-Cola Co/The||KO US||9:30||Q1 2015 Earnings Call||Q1 2015|
|American International Group Inc||AIG US||10:00||AIG Bailout Trial-Closing Arguments|
|DR Horton Inc||DHI US||10:00||Q2 2015 Earnings Call||Q2 2015|
|Huntington Bancshares Inc/OH||HBAN US||10:00||Q1 2015 Earnings Call||Q1 2015|
|Boeing Co/The||BA US||10:30||Q1 2015 Earnings Call||Q1 2015|
|General Electric Co||GE US||11:00||Annual General Meeting||Y 2015|
|McDonald’s Corp||MCD US||11:00||Q1 2015 Earnings Call||Q1 2015|
|Newmont Mining Corp||NEM US||11:00||Annual General Meeting||Y 2015|
|Ryder System Inc||R US||11:00||Q1 2015 Earnings Call||Q1 2015|
|AutoNation Inc||AN US||11:00||Q1 2015 Earnings Call||Q1 2015|
|United Rentals Inc||URI US||11:00||Q1 2015 Earnings Call||Q1 2015|
|Amphenol Corp||APH US||13:00||Q1 2015 Earnings Call||Q1 2015|
|QUALCOMM Inc||QCOM US||16:00||Q2 2015 Earnings Release||Q2 2015||1.336|
|F5 Networks Inc||FFIV US||16:00||Q2 2015 Earnings Release||Q2 2015||1.499|
|Citrix Systems Inc||CTXS US||16:05||Q1 2015 Earnings Release||Q1 2015||0.643|
|AT&T Inc||T US||16:30||Q1 2015 Earnings Call||Q1 2015|
|F5 Networks Inc||FFIV US||16:30||Q2 2015 Earnings Call||Q2 2015|
|QUALCOMM Inc||QCOM US||16:45||Q2 2015 Earnings Call||Q2 2015|
|Citrix Systems Inc||CTXS US||16:45||Q1 2015 Earnings Call||Q1 2015|
|Xilinx Inc||XLNX US||17:00||Q4 2015 Earnings Call||Q4 2015|
|Tractor Supply Co||TSCO US||17:00||Q1 2015 Earnings Call||Q1 2015|
|eBay Inc||EBAY US||17:00||Q1 2015 Earnings Call||Q1 2015|
|Facebook Inc||FB US||17:00||Q1 2015 Earnings Call||Q1 2015|
|Equifax Inc||EFX US||Aft-mkt||Q1 2015 Earnings Release||Q1 2015||0.99|
|AT&T Inc||T US||Aft-mkt||Q1 2015 Earnings Release||Q1 2015||0.618|
|Texas Instruments Inc||TXN US||Aft-mkt||Q1 2015 Earnings Release||Q1 2015||0.624|
|Torchmark Corp||TMK US||Aft-mkt||Q1 2015 Earnings Release||Q1 2015||1.045|
|Xilinx Inc||XLNX US||Aft-mkt||Q4 2015 Earnings Release||Q4 2015||0.505|
|O’Reilly Automotive Inc||ORLY US||Aft-mkt||Q1 2015 Earnings Release||Q1 2015||1.937|
|Tractor Supply Co||TSCO US||Aft-mkt||Q1 2015 Earnings Release||Q1 2015||0.407|
|SL Green Realty Corp||SLG US||Aft-mkt||Q1 2015 Earnings Release||Q1 2015||1.489|
|Crown Castle International Corp||CCI US||Aft-mkt||Q1 2015 Earnings Release||Q1 2015||1.102|
|eBay Inc||EBAY US||Aft-mkt||Q1 2015 Earnings Release||Q1 2015||0.7|
|Ameriprise Financial Inc||AMP US||Aft-mkt||Q1 2015 Earnings Release||Q1 2015||2.331|
|Facebook Inc||FB US||Aft-mkt||Q1 2015 Earnings Release||Q1 2015||0.403|
|Texas Instruments Inc||TXN US||17:30||Q1 2015 Earnings Call||Q1 2015|
|Cigna Corp||CI US||Annual General Meeting|
|Merck & Co Inc||MRK US||PDUFA, sugammadex, reversal of moderate/deep neuromuscular blockade|
|Textron Inc||TXT US||Annual General Meeting|