Wed Jul 22 2015
Live Index (1398 articles)
Share

Live Index – Wed, 22 Jul 2015 Premarket

PREMARKET WORLD NEWS

September E-mini S&Ps (ESU15 -0.40%) are down -0.40% as a slump in technology stocks drags the overall market lower. Disappointing earnings results after the market closed yesterday from Apple, Microsoft and Yahoo sent stock index futures lower with Apple down 5% in pre-market trading, Microsoft down nearly 4% and Yahoo down over 2%. European stocks are only down -0.11% as decent earnings results from Danske Bank A/S and EasyJet Plc kept losses in the overall market at a minimum. Asian stocks closed mostly lower: Japan -1.19%, Hong Kong -0.99%, China +0.21%, Taiwan -0.97%, Australia -1.61%, Singapore -0.35%, South Korea -0.99%, India +1.15%. China’s Shanghai Composite reversed early losses, posted a 2-1/2 week high, and closed up +0.21% as shipping companies rallied after the Baltic Dry Index, a gauge of commodity shipping rates, rose to a 7-month high.

Commodity prices are mostly lower. Sep crude oil (CLU15 -1.08%) is down -1.08%. Sep gasoline (RBU15 -1.45%) is down -1.56%. Metals prices are weaker. Aug gold (GCQ15 -1.03%) is down -0.99%. Sep copper (HGU15 -1.58%) is down -1.58% at a 2-week low. Agricultural prices are lower with Dec corn down -1.50% at a 3-week low and Sep wheat down -1.29% at a 4-week low.

The dollar index (DXY00 unch) is up +0.07%. EUR/USD (^EURUSD) is down -0.10%. USD/JPY (^USDJPY) is down -0.07%.

Sep T-note prices (ZNU15 +0.07%) are up +1.5 ticks.

The minutes of the Jul 8-9 BOE meeting showed a growing number of policy makers were concerned about rising inflation pressures as the minutes stated that “for a number of members, the balance of risks to medium-term inflation relative to the 2.0% target was becoming more skewed to the upside at the current level of bank rate.”

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) weekly MBA mortgage applications (previous -1.9% with purchase sub-index -7.5% and refi sub-index +3.7%), (2) May FHFA house price index (expected +0.4% m/m after April’s +0.3% m/m), (3) Jun existing home sales (expected +0.9% to 5.40 million after May’s +5.1% to 5.35 million).

There are 27 of the S&P 500 companies that report earnings today with notable reports including: Northern Trust (consensus $ 0.96), Abbott Labs (0.50), Coca-Cola (0.60), Boeing (1.37), Texas Instruments (0.65), American Express (1.32), Newmont Mining (0.26), Ameriprise (2.28), Discover Financial (1.32).

U.S. IPO’s scheduled to price today include: Hennessy Capital Acquisition (HCACU), Etre REIT (ESSF), Live Oak Bancshares (LOB), Neos Therapeutics (NEOS).

Equity conferences during the remainder of this week include: Wells Fargo Securities Telecom Symposium on Thu.

PREMARKET U.S. STOCKS

Apple (AAPL -1.00%) fell 5% in after-hours trading after it reported Q3 EPS of $ 1.85, higher than consensus of $ 1.81, but then lowered guidance on Q4 revenue to $ 49 billion-$ 51 billion, below consensus of $ 51.05 billion. The stock was then downgraded to ‘Market Perform’ from ‘Outperform’ at Cowen.

United Technologies (UTX -7.03%) was downgraded to ‘Neutral’ from ‘Overweight’ at Atlantic Equities.

AMC Entertainment (AMC -3.07%) was upgraded to ‘Buy’ from ‘Neutral’ at MKM Partners.

Thermo Fisher Scientific (TMO +0.22%) reported Q2 EPS of $ 1.84, higher than consensus of $ 1.78.

Whirlpool (WHR +1.88%) reported Q2 EPS of $ 2.70, above consensus of $ 2.62.

EMC (EMC -0.20%) reported Q2 adjusted EPS of 43 cents, above consensus of 41 cents.

Illumina (ILMN -1.03%) fell 9% in after-hours trading after it reported Q2 adjusted EPS of 80 cents, higher than consensus of 77 cents, although Q2 revenue of $ 539 million was less than consensus of $ 541.77 million.

Hub Group (HUBG +1.90%) reported Q2 EPS of 51 cents, above consensus of 43 cents.

Nuance (NUAN -0.12%) raised guidance on Q3 EPS to 31 cents-32 cents, better than consensus of 28 cents.

GoPro (GPRO +2.04%) reported Q2 adjusted EPS of 35 cents, higher than consensus of 26 cents.

Intuitive Surgical (ISRG +1.50%) moved up over 10% in after-hours trading after it reported Q2 EPS of $ 4.57, well above consensus of $ 3.98.

Yahoo (YHOO +0.48%) slid 3% in afrer-hours trading after it reported Q2 EPS of 16 cents, below consensus of 18 cents.

Microsoft (MSFT +0.77%) reported Q4 adjusted EPS of 62 cents, above consensus of 56 cents.

VMware (VMW -0.99%) reported Q2 EPS of 93 cents, better than consensus of 91 cents.

Chipotle (CMG -0.73%) reported Q2 EPS of $ 4.45, higher than consensus of $ 4.44.

MARKET COMMENTS

September E-mini S&Ps (ESU15 -0.40%) this morning are down -8.50 points (-0.40%). Tuesday’s closes: S&P 500 -0.43%, Dow Jones -1.00%, Nasdaq -0.11%. The S&P 500 on Tuesday closed lower on (1) disappointing earnings results from IBM, United Technologies, Apple and Verizon, and (2) profit taking in technology stocks after the Nasdaq Composite’s sharp 8-session rally to a 15-1/4 year high.

Sep 10-year T-notes (ZNU15 +0.07%) this morning are up +1.5 ticks. Tuesday’s closes: TYU5 +10.00, FVU5 +7.00. Sep T-notes on Tuesday settled higher on carry-over support from a rally in German bunds to a 1-week high and increased safe-haven demand with the weakness in stocks.

The dollar index (DXY00 unch) this morning is up +0.072 (+0.07%). EUR/USD (^EURUSD) is down -0.0011 (-0.10%). USD/JPY (^USDJPY) is down -0.09 (-0.07%). Tuesday’s closes: Dollar Index -0.701 (-0.72%), EUR/USD +0.01106 (+1.02%), USD/JPY -0.385 (-0.31%). The dollar index on Tuesday fell back from a 2-3/4 month high and closed lower on long-liquidation pressure after the 4-session rally and weakness in USD/JPY after a slide in stocks boosted the safe-haven demand for the yen.

Sep WTI crude oil (CLU15 -1.08%) this morning is down -55 cents (-1.08%). Sep gasoline (RBU15 -1.45%) is down -0.0293 (-1.56%). Tuesday’s closes: CLU5 +0.42 (+0.83%), RBU5 -0.0096 (-0.51%). Sep crude and gasoline on Tuesday settled mixed with Sep crude rebounding from a 3-1/2 month low. Crude oil found support on a weaker dollar and on expectations for Wednesday’s weekly EIA crude inventories to fall -1.75 million bbl. Crude oil prices were undercut by the Iran oil minister’s comment that Iran plans to boost crude production once sanctions are removed regardless of the impact on prices.

GLOBAL EVENT CALENDAR07/22/2015
US 0700 ET Weekly MBA mortgage applications, previous -1.9% with purchase sub-index -7.5% and refi sub-index +3.7%.
0900 ET May FHFA house price index expected +0.4% m/m, Apr +0.3% m/m
1000 ET Jun existing home sales expected +0.9% to 5.40 million, May +5.1% to 5.35 million.
1030 ET EIA Weekly Petroleum Status Report.
1500 ET USDA Jun Cold Storage.
JPN 0030 ET Japan May all-industry activity index expected -0.6% m/m, Apr +0.1% m/m.
0200 ET Revised Japan Jun machine tool orders, previous +6.6% y/y.
1950 ET Japan Jun trade balance expected +45.8 billion yen, May -217.2 billion yen. Jun exports expected +10.0% y/y, May +2.4% y/y. Jun imports expected -4.3% y/y, May -8.7% y/y.
UK 0430 ET Minutes of the Jul 8-9 BOE policy meeting.
U.S. STOCK CALENDAR07/22/2015
Company Ticker Time Event Description Period Estimate
Abbott Laboratories ABT US Bef-mkt Q2 2015 Earnings Release Q2 2015 0.503
Coca-Cola Co/The KO US Bef-mkt Q2 2015 Earnings Release Q2 2015 0.602
Interpublic Group of Cos Inc/The IPG US Bef-mkt Q2 2015 Earnings Release Q2 2015 0.273
Northern Trust Corp NTRS US Bef-mkt Q2 2015 Earnings Release Q2 2015 0.964
AutoNation Inc AN US Bef-mkt Q2 2015 Earnings Release Q2 2015 1.018
TE Connectivity Ltd TEL US Bef-mkt Q3 2015 Earnings Release Q3 2015 0.881
Thermo Fisher Scientific Inc TMO US 6:00 Q2 2015 Earnings Release Q2 2015 1.78
Whirlpool Corp WHR US 6:00 Q2 2015 Earnings Release Q2 2015 2.623
EMC Corp/MA EMC US 7:00 Q2 2015 Earnings Release Q2 2015 0.409
St Jude Medical Inc STJ US 7:15 Q2 2015 Earnings Release Q2 2015 1
Boeing Co/The BA US 7:30 Q2 2015 Earnings Release Q2 2015 1.368
Illinois Tool Works Inc ITW US 8:00 Q2 2015 Earnings Release Q2 2015 1.283
St Jude Medical Inc STJ US 8:00 Q2 2015 Earnings Call Q2 2015
Amphenol Corp APH US 8:00 Q2 2015 Earnings Release Q2 2015 0.576
Navient Corp NAVI US 8:00 Q2 2015 Earnings Call Q2 2015
EMC Corp/MA EMC US 8:30 Q2 2015 Earnings Call Q2 2015
Interpublic Group of Cos Inc/The IPG US 8:30 Q2 2015 Earnings Call Q2 2015
Thermo Fisher Scientific Inc TMO US 8:30 Q2 2015 Earnings Call Q2 2015
ACE Ltd ACE US 8:30 Q2 2015 Earnings Call Q2 2015
TE Connectivity Ltd TEL US 8:30 Q3 2015 Earnings Call Q3 2015
Abbott Laboratories ABT US 9:00 Q2 2015 Earnings Call Q2 2015
FMC Technologies Inc FTI US 9:00 Q2 2015 Earnings Call Q2 2015
Coca-Cola Co/The KO US 9:30 Q2 2015 Earnings Call Q2 2015
Illinois Tool Works Inc ITW US 10:00 Q2 2015 Earnings Call Q2 2015
Whirlpool Corp WHR US 10:00 Q2 2015 Earnings Call Q2 2015
Boeing Co/The BA US 10:30 Q2 2015 Earnings Call Q2 2015
AutoNation Inc AN US 11:00 Q2 2015 Earnings Call Q2 2015
Constellation Brands Inc STZ US 11:00 Annual General Meeting
Linear Technology Corp LLTC US 11:30 Q4 2015 Earnings Call Q4 2015
Northern Trust Corp NTRS US 12:00 Q2 2015 Earnings Call Q2 2015
Campbell Soup Co CPB US 12:30 Investor Day Y 2015
Amphenol Corp APH US 13:00 Q2 2015 Earnings Call Q2 2015
QUALCOMM Inc QCOM US 16:00 Q3 2015 Earnings Release Q3 2015 0.947
F5 Networks Inc FFIV US 16:00 Q3 2015 Earnings Release Q3 2015 1.596
Tractor Supply Co TSCO US 16:01 Q2 2015 Earnings Release Q2 2015 1.112
Texas Instruments Inc TXN US 16:30 Q2 2015 Earnings Release Q2 2015 0.654
F5 Networks Inc FFIV US 16:30 Q3 2015 Earnings Call Q3 2015
QUALCOMM Inc QCOM US 16:45 Q3 2015 Earnings Call Q3 2015
American Express Co AXP US 17:00 Q2 2015 Earnings Call Q2 2015
Xilinx Inc XLNX US 17:00 Q1 2016 Earnings Call Q1 2016
Tractor Supply Co TSCO US 17:00 Q2 2015 Earnings Call Q2 2015
SanDisk Corp SNDK US 17:00 Q2 2015 Earnings Call Q2 2015
American Express Co AXP US Aft-mkt Q2 2015 Earnings Release Q2 2015 1.322
Equifax Inc EFX US Aft-mkt Q2 2015 Earnings Release Q2 2015 1.102
Newmont Mining Corp NEM US Aft-mkt Q2 2015 Earnings Release Q2 2015 0.262
Xilinx Inc XLNX US Aft-mkt Q1 2016 Earnings Release Q1 2016 0.535
SanDisk Corp SNDK US Aft-mkt Q2 2015 Earnings Release Q2 2015 0.336
SL Green Realty Corp SLG US Aft-mkt Q2 2015 Earnings Release Q2 2015 1.556
United Rentals Inc URI US Aft-mkt Q2 2015 Earnings Release Q2 2015 1.749
Crown Castle International Corp CCI US Aft-mkt Q2 2015 Earnings Release Q2 2015 1.053
Ameriprise Financial Inc AMP US Aft-mkt Q2 2015 Earnings Release Q2 2015 2.279
Discover Financial Services DFS US Aft-mkt Q2 2015 Earnings Release Q2 2015 1.317
Texas Instruments Inc TXN US 17:30 Q2 2015 Earnings Call Q2 2015
Discover Financial Services DFS US 18:00 Q2 2015 Earnings Call Q2 2015

Copyright (2015) © LiveIndex.org


Live Index

Live Index

Comments