Thu Jul 23 2015
Live Index (1398 articles)
Share

Live Index – Thu, 23 Jul 2015 Premarket

PREMARKET WORLD NEWS

September E-mini S&Ps (ESU15 +0.06%) are up +0.14% and European stocks are up +0.09% led by an increase in M&A activity. Cigna rose nearly 7% in pre-market trading after people familiar with the matter said Anthem is close to a deal to buy Cigna for $ 48 billion. Also, technology stocks are higher, led by a 13% surge in SanDisk, after the company reported Q2 earnings that were nearly double analysts’ estimates. Representatives of Greece’s creditor institutions will meet in Athens on Friday to hold formal negotiations on a new bailout after the Greek parliament passed a second round of reforms needed for a bailout. A Greek government official said decisions about reopening the Athens Stock Exchange and Greek financial markets will be deferred to next week. Asian stocks closed mixed: Japan +0.44%, Hong Kong +0.46%, China +2.43%, Taiwan -1.43%, Australia -0.43%, Singapore -0.08%, South Korea -0.23%, India -0.47%. Japanese stocks closed higher after Japan Jun exports rose by the most in 5 months, and China’s Shanghai Composite rallied to a 3-week high, led by gains in financial companies, after data showed margin traders increased holdings of stock purchased on margin debt for a fourth day on Wednesday.

Commodity prices are mostly higher due to a weak dollar. Sep crude oil (CLU15 +0.08%) is up +0.06%. Sep gasoline (RBU15 +0.84%) is up +0.74%. Metals prices are mixed. Aug gold (GCQ15 +0.80%) is up +0.84%. Sep copper (HGU15 +0.14%) is down -0.04%. Agricultural prices are higher.

The dollar index (DXY00 -0.63%) is down -0.56% at a 1-week low. EUR/USD (^EURUSD) is up +0.59% at a 1-week high after Greece’s parliament approved a second round of reforms needed for a bailout. USD/JPY (^USDJPY) is down -0.14%.

Sep T-note prices (ZNU15 +0.01%) are up +1 tick.

The Japan Jun trade balance narrowed to a -69.0 billion yen deficit from a downward revised -217.2 billion yen deficit in May, weaker than expectations of a +45.8 billion yen surplus. Jun exports rose +9.5% y/y, weaker than expectations of +10.0% y/y, although the largest increase in 5 months. Jun imports fell -2.9% y/y, a smaller decline than expectations of -4.3% y/y.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) weekly initial unemployment claims (expected -3,000 to 278,000 after last week’s -15,000 to 281,000) and continuing claims report (expected +25,000 to 2.240 million after last week’s -112,000 to 2.215 million), (2) Jun Chicago Fed national activity index (expected +0.12 to -0.05 after May’s +0.02 to -0.17), (3) Jun leading indicators (expected +0.3% after May’s +0.7%), (4) Jul Kansas City Fed manufacturing activity (expected +4 to -5 after June’s +4 to -9), (5) the Treasurys’s auction of $ 15 billion of 10-year TIPS.

There are 56 of the S&P 500 companies that report earnings today with notable reports including: Amazon.com (consensus -0.14), Visa ($ 0.58), AT&T (0.64), Starbucks (0.41), Caterpillar ($ 1.26), McDonald’s (1.23), PulteGroup (0.26), Comcast (0.84), GM (1.08), Nasdaq (0.80), Under Armour (0.05), E-Trade (0.27).

U.S. IPO’s scheduled to price today include: Exelixis (EXEL).

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

PREMARKET U.S. STOCKS

Eli Lilly (LLY +0.95%) gained 3% in pre-market trading after it reported Q2 EPS of 90 cents, well above consensus of 74 cents.

Texas Instruments (TXN -1.85%) reported Q2 EPS of 65 cents, right on consensus, although Q2 revenue of $ 3.23 billion was below consensus of $ 3.26 billion.

Equifax (EFX +0.76%) reported Q2 adjusted EPS of $ 1.15, above consensus of $ 1.10.

United Rentals (URI -1.45%) slid 5% in after-hours trading after it reported Q2 adjusted EPS of $ 1.95, better than consensus of $ 1.74, but then lowered guidance on fiscal 2015 revenue view to $ 5.8 billion-$ 5.9 billion from $ 6 billion-$ 6.1 billion, lower than consensus of $ 6 billion.

Cheesecake Factory (CAKE +1.83%) reported Q2 EPS of 69 cents, higher than consensus of 62 cents.

Crown Castle (CCI -0.22%) reported Q2 AFFO of $ 1.03, less than consensus of $ 1.06.

Fortune Brands (FBHS +0.14%) reported Q2 adjusted EPS of 59 cents, higher than consensus of 57 cents.

Covanta (CVA -2.06%) reported an unexpected Q2 EPS loss of -6 cents, below consensus of a 3 cent profit.

Discover (DFS +0.12%) reported Q2 EPS of $ 1.33, better than consensus $ 1.32, although Q2 revenue of $ 2.18 billion was below consensus of $ 2.22.

F5 Networks (FFIV +0.19%) reported Q3 EPS of $ 1.67, higher than consensus of $ 1.60.

Tractor Supply (TSCO +1.34%) reported Q2 EPS of $ 1.12, above consensus of $ 1.11.

Las Vegas Sands (LVS +0.24%) reported Q2 adjusted EPS of 60 cents, less than consensus of 61 cents.

American Express (AXP +0.05%) reported Q2 EPS of $ 1.42, better than consensus of $ 1.32.

Plexus (PLXS -0.28%) reported Q3 EPS of 69 cents, below consensus of 70 cents.

Qualcomm (QCOM -1.46%) dropped 2% in after-hours trading after it reported Q3 adjusted EPS of 99 cents, higher than consensus of 95 cents, but then lowered guidance on fiscal 2015 adjusted EPS view to $ 4.50-$ 4.70 from $ 4.60-$ 5.00, below consensus of $ 4.79.

MARKET COMMENTS

September E-mini S&Ps (ESU15 +0.06%) this morning are up +3.00 points (+0.14%). Wednesday’s closes: S&P 500 -0.24%, Dow Jones -0.38%, Nasdaq -1.09%. The S&P 500 on Wednesday closed lower on a slide in technology stocks due to disappointing earnings results from the likes of Apple, Microsoft and Yahoo, and weakness in basic-resource companies after commodity prices plunged. Stocks recovered from their worst levels after U.S. Jun existing home sales rose by +3.2% to an 8-1/3 year high of 5.49 million units.

Sep 10-year T-notes (ZNU15 +0.01%) this morning are up +1 tick. Wednesday’s closes: TYU5 +3.50, FVU5 -1.00. Sep T-notes in Wednesday rose to a 1-week high and closed higher on increased safe-haven demand for T-notes after stock prices tumbled and on reduced inflation expectations as the 10-year T-note break-even inflation rate fell to a 1-3/4 month low.

The dollar index (DXY00 -0.63%) this morning is down -0.547 (-0.56%) at a 1-week low. EUR/USD (^EURUSD) is up +0.0064 (+0.59%) at a 1-week high. USD/JPY (^USDJPY) is down -0.17 (-0.14%). Wednesday’s closes: Dollar Index +0.270 (+0.28%), EUR/USD -0.00075 (-0.07%), USD/JPY +0.07 (+0.06%). The dollar index on Wednesday closed higher on the stronger-than-expected U.S. June existing home sales report of +3.2% to an 8-1/3 year high of 5.49 million units and on weakness in the commodity currencies of Canada, Australia and New Zealand against the dollar after the CRB commodity price index fell to a 3-month low.

Sep WTI crude oil (CLU15 +0.08%) this morning is up +3 cents (+0.06%). Sep gasoline (RBU15 +0.84%)is up +0.0134 (+0.74%). Wednesday’s closes: CLU5 -1.67 (-3.28%), RBU5 -0.0556 (-2.97%). Sep crude and gasoline on Wednesday closed sharply lower with Sep crude at a 3-1/2 month low on the (1) a stronger dollar, (2) the unexpected +2.47 million bbl increase in weekly EIA crude inventories, more than expectations of a -1.75 million bbl draw, and (3) the +813,000 bbl increase in crude supplies at Cushing, OK, the delivery point of WTI futures, the fourth straight increase.

GLOBAL EVENT CALENDAR07/23/2015
US 0830 ET Weekly initial unemployment claims expected -3,000 to 278,000, previous -15,000 to 281,000. Weekly continuing claims expected +25,000 to 2.240 million, previous 112,000 to 2.215 million.
0830 ET Jun Chicago Fed national activity index expected +0.12 to -0.05, May +0.02 to -0.17.
0830 ET USDA weekly Export Sales.
1000 ET Jun leading indicators expected +0.3%, May +0.7%.
1100 ET Jul Kansas City Fed manufacturing activity expected +4 to -5, Jun +4 to -9.
1100 ET Treasury announces amount of 2-year T-notes (previous $ 26 billion), 2-year floating-rate notes (previous $ 13 billion), 5-year T-notes (previous $ 35 billion) and 7-year T-notes (previous $ 29 billion) to be auctioned Jul 28-30.
1300 ET Treasury auctions $ 15 billion of 10-year TIPS.
UK 0430 ET UK Jun retail sales including auto fuel expected +0.4% m/m and +4.8% y/y, May +0.2% m/m and +4.6% y/y.
0430 ET UK Jun retail sales ex-auto fuel expected +0.4% m/m and +5.1% y/y, May +0.2% m/m and +4.4% y/y.
EUR 1000 ET Eurozone Jul consumer confidence expected -0.2 to -5.8, Jun unch at -5.6.
U.S. STOCK CALENDAR07/23/2015
Company Ticker Time Event Description Period Estimate
American Electric Power Co Inc AEP US Bef-mkt Q2 2015 Earnings Release Q2 2015 0.806
Boston Scientific Corp BSX US Bef-mkt Q2 2015 Earnings Release Q2 2015 0.214
Dow Chemical Co/The DOW US Bef-mkt Q2 2015 Earnings Release Q2 2015 0.819
EQT Corp EQT US Bef-mkt Q2 2015 Earnings Release Q2 2015 0.017
Kimberly-Clark Corp KMB US Bef-mkt Q2 2015 Earnings Release Q2 2015 1.359
Eli Lilly & Co LLY US Bef-mkt Q2 2015 Earnings Release Q2 2015 0.737
McDonald’s Corp MCD US Bef-mkt Q2 2015 Earnings Release Q2 2015 1.232
Nucor Corp NUE US Bef-mkt Q2 2015 Earnings Release Q2 2015 0.251
PulteGroup Inc PHM US Bef-mkt Q2 2015 Earnings Release Q2 2015 0.262
Snap-on Inc SNA US Bef-mkt Q2 2015 Earnings Release Q2 2015 2
Southwest Airlines Co LUV US Bef-mkt Q2 2015 Earnings Release Q2 2015 1.009
Comcast Corp CMCSA US Bef-mkt Q2 2015 Earnings Release Q2 2015 0.842
Celgene Corp CELG US Bef-mkt Q2 2015 Earnings Release Q2 2015 1.23
Huntington Bancshares Inc/OH HBAN US Bef-mkt Q2 2015 Earnings Release Q2 2015 0.206
T Rowe Price Group Inc TROW US Bef-mkt Q2 2015 Earnings Release Q2 2015 1.201
Macerich Co/The MAC US Bef-mkt Q2 2015 Earnings Release Q2 2015 0.929
AmerisourceBergen Corp ABC US Bef-mkt Q3 2015 Earnings Release Q3 2015 1.146
Cameron International Corp CAM US Bef-mkt Q2 2015 Earnings Release Q2 2015 0.772
Quest Diagnostics Inc DGX US Bef-mkt Q2 2015 Earnings Release Q2 2015 1.235
Fidelity National Information Services Inc FIS US Bef-mkt Q2 2015 Earnings Release Q2 2015 0.708
Mead Johnson Nutrition Co MJN US Bef-mkt Q2 2015 Earnings Release Q2 2015 0.771
Dr Pepper Snapple Group Inc DPS US Bef-mkt Q2 2015 Earnings Release Q2 2015 1.1
General Motors Co GM US Bef-mkt Q2 2015 Earnings Release Q2 2015 1.081
Danaher Corp DHR US 6:00 Q2 2015 Earnings Release Q2 2015 1.04
Raytheon Co RTN US 7:00 Q2 2015 Earnings Release Q2 2015 1.634
NASDAQ OMX Group Inc/The NDAQ US 7:00 Q2 2015 Earnings Release Q2 2015 0.795
Under Armour Inc UA US 7:15 Q2 2015 Earnings Release Q2 2015 0.048
Bristol-Myers Squibb Co BMY US 7:30 Q2 2015 Earnings Release Q2 2015 0.363
Caterpillar Inc CAT US 7:30 Q2 2015 Earnings Release Q2 2015 1.262
CMS Energy Corp CMS US 7:30 Q2 2015 Earnings Release Q2 2015 0.292
3M Co MMM US 7:30 Q2 2015 Earnings Release Q2 2015 1.995
Waste Management Inc WM US 7:30 Q2 2015 Earnings Release Q2 2015 0.629
Alliance Data Systems Corp ADS US 7:30 Q2 2015 Earnings Release Q2 2015 3.245
Ryder System Inc R US 7:55 Q2 2015 Earnings Release Q2 2015 1.615
Boston Scientific Corp BSX US 8:00 Q2 2015 Earnings Call Q2 2015
Danaher Corp DHR US 8:00 Q2 2015 Earnings Call Q2 2015
Freeport-McMoRan Inc FCX US 8:00 Q2 2015 Earnings Release Q2 2015 0.077
Union Pacific Corp UNP US 8:00 Q2 2015 Earnings Release Q2 2015 1.347
NASDAQ OMX Group Inc/The NDAQ US 8:00 Q2 2015 Earnings Call Q2 2015
CMS Energy Corp CMS US 8:30 Q2 2015 Earnings Call Q2 2015
Equifax Inc EFX US 8:30 Q2 2015 Earnings Call Q2 2015
PulteGroup Inc PHM US 8:30 Q2 2015 Earnings Call Q2 2015
Comcast Corp CMCSA US 8:30 Q2 2015 Earnings Call Q2 2015
Quest Diagnostics Inc DGX US 8:30 Q2 2015 Earnings Call Q2 2015
Alliance Data Systems Corp ADS US 8:30 Q2 2015 Earnings Call Q2 2015
Fidelity National Information Services Inc FIS US 8:30 Q2 2015 Earnings Call Q2 2015
Under Armour Inc UA US 8:30 Q2 2015 Earnings Call Q2 2015
Union Pacific Corp UNP US 8:45 Q2 2015 Earnings Call Q2 2015
American Electric Power Co Inc AEP US 9:00 Q2 2015 Earnings Call Q2 2015
Dow Chemical Co/The DOW US 9:00 Q2 2015 Earnings Call Q2 2015
Eli Lilly & Co LLY US 9:00 Q2 2015 Earnings Call Q2 2015
3M Co MMM US 9:00 Q2 2015 Earnings Call Q2 2015
Raytheon Co RTN US 9:00 Q2 2015 Earnings Call Q2 2015
Celgene Corp CELG US 9:00 Q2 2015 Earnings Call Q2 2015
Ameriprise Financial Inc AMP US 9:00 Q2 2015 Earnings Call Q2 2015
Brown-Forman Corp BF/B US 9:30 Annual General Meeting Y 2015
Cameron International Corp CAM US 9:30 Q2 2015 Earnings Call Q2 2015
Mead Johnson Nutrition Co MJN US 9:30 Q2 2015 Earnings Call Q2 2015
Freeport-McMoRan Inc FCX US 10:00 Q2 2015 Earnings Call Q2 2015
Kimberly-Clark Corp KMB US 10:00 Q2 2015 Earnings Call Q2 2015
Newmont Mining Corp NEM US 10:00 Q2 2015 Earnings Call Q2 2015
Snap-on Inc SNA US 10:00 Q2 2015 Earnings Call Q2 2015
Huntington Bancshares Inc/OH HBAN US 10:00 Q2 2015 Earnings Call Q2 2015
Waste Management Inc WM US 10:00 Q2 2015 Earnings Call Q2 2015
General Motors Co GM US 10:00 Q2 2015 Earnings Call Q2 2015
Bristol-Myers Squibb Co BMY US 10:30 Q2 2015 Earnings Call Q2 2015
EQT Corp EQT US 10:30 Q2 2015 Earnings Call Q2 2015
Crown Castle International Corp CCI US 10:30 Q2 2015 Earnings Call Q2 2015
Caterpillar Inc CAT US 11:00 Q2 2015 Earnings Call Q2 2015
McDonald’s Corp MCD US 11:00 Q2 2015 Earnings Call Q2 2015
Ryder System Inc R US 11:00 Q2 2015 Earnings Call Q2 2015
AmerisourceBergen Corp ABC US 11:00 Q3 2015 Earnings Call Q3 2015
United Rentals Inc URI US 11:00 Q2 2015 Earnings Call Q2 2015
Dr Pepper Snapple Group Inc DPS US 11:00 Q2 2015 Earnings Call Q2 2015
Southwest Airlines Co LUV US 12:30 Q2 2015 Earnings Call Q2 2015
Nucor Corp NUE US 14:00 Q2 2015 Earnings Call Q2 2015
SL Green Realty Corp SLG US 14:00 Q2 2015 Earnings Call Q2 2015
Stryker Corp SYK US 16:00 Q2 2015 Earnings Release Q2 2015 1.168
Principal Financial Group Inc PFG US 16:00 Q2 2015 Earnings Release Q2 2015 1.043
Robert Half International Inc RHI US 16:02 Q2 2015 Earnings Release Q2 2015 0.661
Stericycle Inc SRCL US 16:02 Q2 2015 Earnings Release Q2 2015 1.141
CR Bard Inc BCR US 16:05 Q2 2015 Earnings Release Q2 2015 2.176
Capital One Financial Corp COF US 16:05 Q2 2015 Earnings Release Q2 2015 1.98
E*TRADE Financial Corp ETFC US 16:05 Q2 2015 Earnings Release Q2 2015 0.269
VeriSign Inc VRSN US 16:05 Q2 2015 Earnings Release Q2 2015 0.746
Visa Inc V US 16:05 Q3 2015 Earnings Release Q3 2015 0.584
Altera Corp ALTR US 16:15 Q2 2015 Earnings Release Q2 2015 0.251
AT&T Inc T US 16:30 Q2 2015 Earnings Call Q2 2015
Stryker Corp SYK US 16:30 Q2 2015 Earnings Call Q2 2015
Macerich Co/The MAC US 16:30 Q2 2015 Earnings Call Q2 2015
VeriSign Inc VRSN US 16:30 Q2 2015 Earnings Call Q2 2015
TripAdvisor Inc TRIP US 16:30 Q2 2015 Earnings Call Q2 2015
CR Bard Inc BCR US 17:00 Q2 2015 Earnings Call Q2 2015
CA Inc CA US 17:00 Q1 2016 Earnings Call Q1 2016
Robert Half International Inc RHI US 17:00 Q2 2015 Earnings Call Q2 2015
Skyworks Solutions Inc SWKS US 17:00 Q3 2015 Earnings Call Q3 2015
Starbucks Corp SBUX US 17:00 Q3 2015 Earnings Call Q3 2015
Capital One Financial Corp COF US 17:00 Q2 2015 Earnings Call Q2 2015
Stericycle Inc SRCL US 17:00 Q2 2015 Earnings Call Q2 2015
E*TRADE Financial Corp ETFC US 17:00 Q2 2015 Earnings Call Q2 2015
Amazon.com Inc AMZN US 17:00 Q2 2015 Earnings Call Q2 2015
Republic Services Inc RSG US 17:00 Q2 2015 Earnings Call Q2 2015
Juniper Networks Inc JNPR US 17:00 Q2 2015 Earnings Call Q2 2015
Visa Inc V US 17:00 Q3 2015 Earnings Call Q3 2015
Chubb Corp/The CB US Aft-mkt Q2 2015 Earnings Release Q2 2015 1.858
CA Inc CA US Aft-mkt Q1 2016 Earnings Release Q1 2016 0.617
AT&T Inc T US Aft-mkt Q2 2015 Earnings Release Q2 2015 0.636
Skyworks Solutions Inc SWKS US Aft-mkt Q3 2015 Earnings Release Q3 2015 1.286
Starbucks Corp SBUX US Aft-mkt Q3 2015 Earnings Release Q3 2015 0.409
Amazon.com Inc AMZN US Aft-mkt Q2 2015 Earnings Release Q2 2015 -0.142
Republic Services Inc RSG US Aft-mkt Q2 2015 Earnings Release Q2 2015 0.51
Juniper Networks Inc JNPR US Aft-mkt Q2 2015 Earnings Release Q2 2015 0.404
TripAdvisor Inc TRIP US Aft-mkt Q2 2015 Earnings Release Q2 2015 0.545
Hanesbrands Inc HBI US Q2 2015 Earnings Release Q2 2015 0.5

Copyright (2015) © LiveIndex.org


Live Index

Live Index

Comments