Wed Jul 22 2015
Live Index (1454 articles)

Live Index – Wed, 22 Jul 2015 Premarket


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.”


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.


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.


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.

US0700 ETWeekly MBA mortgage applications, previous -1.9% with purchase sub-index -7.5% and refi sub-index +3.7%.
0900 ETMay FHFA house price index expected +0.4% m/m, Apr +0.3% m/m
1000 ETJun existing home sales expected +0.9% to 5.40 million, May +5.1% to 5.35 million.
1030 ETEIA Weekly Petroleum Status Report.
1500 ETUSDA Jun Cold Storage.
JPN0030 ETJapan May all-industry activity index expected -0.6% m/m, Apr +0.1% m/m.
0200 ETRevised Japan Jun machine tool orders, previous +6.6% y/y.
1950 ETJapan 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.
UK0430 ETMinutes of the Jul 8-9 BOE policy meeting.
CompanyTickerTimeEvent DescriptionPeriodEstimate
Abbott LaboratoriesABT USBef-mktQ2 2015 Earnings ReleaseQ2 20150.503
Coca-Cola Co/TheKO USBef-mktQ2 2015 Earnings ReleaseQ2 20150.602
Interpublic Group of Cos Inc/TheIPG USBef-mktQ2 2015 Earnings ReleaseQ2 20150.273
Northern Trust CorpNTRS USBef-mktQ2 2015 Earnings ReleaseQ2 20150.964
AutoNation IncAN USBef-mktQ2 2015 Earnings ReleaseQ2 20151.018
TE Connectivity LtdTEL USBef-mktQ3 2015 Earnings ReleaseQ3 20150.881
Thermo Fisher Scientific IncTMO US6:00Q2 2015 Earnings ReleaseQ2 20151.78
Whirlpool CorpWHR US6:00Q2 2015 Earnings ReleaseQ2 20152.623
EMC Corp/MAEMC US7:00Q2 2015 Earnings ReleaseQ2 20150.409
St Jude Medical IncSTJ US7:15Q2 2015 Earnings ReleaseQ2 20151
Boeing Co/TheBA US7:30Q2 2015 Earnings ReleaseQ2 20151.368
Illinois Tool Works IncITW US8:00Q2 2015 Earnings ReleaseQ2 20151.283
St Jude Medical IncSTJ US8:00Q2 2015 Earnings CallQ2 2015
Amphenol CorpAPH US8:00Q2 2015 Earnings ReleaseQ2 20150.576
Navient CorpNAVI US8:00Q2 2015 Earnings CallQ2 2015
EMC Corp/MAEMC US8:30Q2 2015 Earnings CallQ2 2015
Interpublic Group of Cos Inc/TheIPG US8:30Q2 2015 Earnings CallQ2 2015
Thermo Fisher Scientific IncTMO US8:30Q2 2015 Earnings CallQ2 2015
ACE LtdACE US8:30Q2 2015 Earnings CallQ2 2015
TE Connectivity LtdTEL US8:30Q3 2015 Earnings CallQ3 2015
Abbott LaboratoriesABT US9:00Q2 2015 Earnings CallQ2 2015
FMC Technologies IncFTI US9:00Q2 2015 Earnings CallQ2 2015
Coca-Cola Co/TheKO US9:30Q2 2015 Earnings CallQ2 2015
Illinois Tool Works IncITW US10:00Q2 2015 Earnings CallQ2 2015
Whirlpool CorpWHR US10:00Q2 2015 Earnings CallQ2 2015
Boeing Co/TheBA US10:30Q2 2015 Earnings CallQ2 2015
AutoNation IncAN US11:00Q2 2015 Earnings CallQ2 2015
Constellation Brands IncSTZ US11:00Annual General Meeting
Linear Technology CorpLLTC US11:30Q4 2015 Earnings CallQ4 2015
Northern Trust CorpNTRS US12:00Q2 2015 Earnings CallQ2 2015
Campbell Soup CoCPB US12:30Investor DayY 2015
Amphenol CorpAPH US13:00Q2 2015 Earnings CallQ2 2015
QUALCOMM IncQCOM US16:00Q3 2015 Earnings ReleaseQ3 20150.947
F5 Networks IncFFIV US16:00Q3 2015 Earnings ReleaseQ3 20151.596
Tractor Supply CoTSCO US16:01Q2 2015 Earnings ReleaseQ2 20151.112
Texas Instruments IncTXN US16:30Q2 2015 Earnings ReleaseQ2 20150.654
F5 Networks IncFFIV US16:30Q3 2015 Earnings CallQ3 2015
QUALCOMM IncQCOM US16:45Q3 2015 Earnings CallQ3 2015
American Express CoAXP US17:00Q2 2015 Earnings CallQ2 2015
Xilinx IncXLNX US17:00Q1 2016 Earnings CallQ1 2016
Tractor Supply CoTSCO US17:00Q2 2015 Earnings CallQ2 2015
SanDisk CorpSNDK US17:00Q2 2015 Earnings CallQ2 2015
American Express CoAXP USAft-mktQ2 2015 Earnings ReleaseQ2 20151.322
Equifax IncEFX USAft-mktQ2 2015 Earnings ReleaseQ2 20151.102
Newmont Mining CorpNEM USAft-mktQ2 2015 Earnings ReleaseQ2 20150.262
Xilinx IncXLNX USAft-mktQ1 2016 Earnings ReleaseQ1 20160.535
SanDisk CorpSNDK USAft-mktQ2 2015 Earnings ReleaseQ2 20150.336
SL Green Realty CorpSLG USAft-mktQ2 2015 Earnings ReleaseQ2 20151.556
United Rentals IncURI USAft-mktQ2 2015 Earnings ReleaseQ2 20151.749
Crown Castle International CorpCCI USAft-mktQ2 2015 Earnings ReleaseQ2 20151.053
Ameriprise Financial IncAMP USAft-mktQ2 2015 Earnings ReleaseQ2 20152.279
Discover Financial ServicesDFS USAft-mktQ2 2015 Earnings ReleaseQ2 20151.317
Texas Instruments IncTXN US17:30Q2 2015 Earnings CallQ2 2015
Discover Financial ServicesDFS US18:00Q2 2015 Earnings CallQ2 2015
Live Index

Live Index