Tue Aug 04 2015
Live Index (1447 articles)

Live Index – Tue, 04 Aug 2015 Premarket

PREMARKET WORLD NEWS

September E-mini S&Ps (ESU15 -0.29%) are down -0.17% as prices consolidate ahead of earnings results from 31 S&P 500 companies today, including Aetna and Disney. European stocks are down -0.79% as a slide in bank stocks is leading the overall market lower after Credit Agricole SA plunged 10% when regulators failed to approve a reorganization that may have freed up capital to repay investors. The 10-year German bund fell to a 2-month low of 0.595% after Eurozone Jun producer prices unexpectedly fell for the first time in 5 months. Asian stocks closed mixed: Japan -0.14%, Hong Kong -0.02%, China +3.69%, Taiwan -0.16%, Australia +0.33%, Singapore -0.05%, South Korea +0.86%, India -0.41%. Chinese stocks closed higher after authorities stepped up efforts to stabilize the market. Investors on the Shanghai and Shenzhen stock exchanges who borrow shares must now wait one day to pay back the loans, which may limit day trading activity and speculative short-selling of stocks.

The dollar index (DXY00 -0.21%) is down -0.18%. EUR/USD (^EURUSD)is up +0.24%. USD/JPY (^USDJPY) is down -0.07%.

Sep T-note prices (ZNU15 -0.11%) are down -4.5 ticks.

Eurozone Jun PPI unexpectedly fell for the first time in five months as it slid -0.1% m/m, weaker than expectations of unch m/m. On an annual basis, Jun PPI fell -2.2% y/y, right on expectations.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) July New York ISM (June was +9.1 to 63.1), (2) June factory orders (expected +1.8%, May -1.0% and +0.1% ex transportation).

There are 32 of the S&P 500 companies that report earnings today with notable reports including: Kellogg (consensus $ 0.92), Walt Disney (1.41), Genworth Financial (0.26), First Solar (0.22), ADM (0.65), Emerson Electric (0.83), NGR Energy (0.02), Aetna (1.82), Coach (0.29).

U.S. IPO’s scheduled to price today include: Sunrun (RUN), Amplify Snack Brands (BETR), Integra LifeSciences (IART), Benitec Biopharma (BTEBY), Zynerba Pharmaceuticals (ZYNE).

Equity conferences this week: Piper Jaffray Technology-Enabled Industrials Symposium on Tue-Wed, Needham Interconnect Conference on Wed.

PREMARKET U.S. STOCKS

Archer-Daniels-Midland (ADM +0.59%) reported Q2 EPS of 55 cents, below consensus of 65 cents.

CVS Health Corp. (CVS +0.31%) reported Q2 EPS of $ 1.19, lower than consensus of $ 1.20.

Coach (COH -2.47%) reported Q4 EPS of 31 cents, higher than consensus of 29 cents.

Vornado (VNO +0.34%) reported Q2 AFFO of $ 1.30, higher than consensus of $ 1.23.

Allstate (ALL +0.62%) reported Q2 EPS of 79 cents, weaker than consensus of 96 cents.

D.E. Shaw reported a 5.1% passive stake in Western Refining (WNR -1.68%) .

Point72 Asset Management reported a 5.2% passive stake in Ascena Retail (ASNA -3.51%) .

North Tide Capital reported a 5.7% passive stake in Supervalu (SVU +1.52%) .

Avis Budget (CAR -0.18%) reported Q2 EPS of 84 cents, higher than consensus of 68 cents.

Texas Roadhouse (TXRH +3.53%) fell nearly 4% in after-hours trading after it reported Q2 EPS of 30 cents, below consensus of 37 cents.

LinkedIn (LNKD -3.03%) was initiated with a ‘Buy’ at Topeka witha price target of $ 260.

Diplomat Pharmacy (DPLO +2.86%) reported Q2 adjusted EPS of 16 cents, better than consensus of 12 cents.

Scientific Games (SGMS -0.26%) reported a Q2 EPS loss of -$ 1.19, a wider loss than consensus 0f -98 cents.

Netflix (NFLX -1.53%) was initiated with a ‘Buy’ at Guggenheim with a price target of $ 160.

AIG (AIG +0.05%) reported Q2 operating EPS of $ 1.39, above consensus of $ 1.23.

General Growth Properties (GGP +0.37%) reported Q2 FFO of 33 cents, right on consensus, although Q2 revenue of $ 579.98 million was below consensus of $ 616.10 million.

MARKET COMMENTS

Sep E-mini S&Ps (ESU15 -0.29%) this morning are down -3.50 points (-0.17%). Monday’s closes: S&P 500 -0.28%, Dow Jones -0.52%, Nasdaq -0.18%. The S&P 500 on Monday closed lower on (1) weakness in mining and oil companies companies after copper and oil prices plunged on concern about Chinese demand for commodities when the China Jul Caixin manufacturing PMI was unexpectedly revised lower to a 2-year low of 47.8, and (2) the unexpected -0.8 point decline in the U.S. Jul ISM manufacturing index to 52.7, weaker than expectations of unchanged at 53.5.

Sep 10-year T-note prices (ZNU15 -0.11%) this morning are down -4.5 ticks. Monday’s closes: TYU5 +12.5, FVU5 +4.75. Sep 10-year T-notes on Monday climbed to a 2-month nearest-futures high and closed higher on the unexpected decline in the U.S. Jul ISM manufacturing index and on concern that a slowdown of Chinese economic growth could undercut the overall global economy and delay a Fed interest rate increase after a gauge of Chinese manufacturing activity last month contracted at its steepest pace in 2 years.

The dollar index (DXY00 -0.21%) this morning is down -0.180 (-0.18%). EUR/USD (^EURUSD) is up +0.0026 (+0.24%). USD/JPY (^USDJPY) is down -0.09 (-0.07%). Monday’s closes: Dollar Index +0.158 (+0.16%), EUR/USD -0.00337 (-0.31%), USD/JPY +0.144 (+0.12%). The dollar index on Monday closed slightly higher on weakness in commodity currencies after copper and oil prices fell sharply. Dollar gains were limited after the U.S. Jul ISM manufacturing index unexpectedly declined, which may prompt the Fed to delay an interest rate hike.

Sep crude oil (CLU15 +1.31%) this morning is up +71 cents (+1.57%) and Sep gasoline (RBU15 +1.37%) is up +0.0271 (+1.62%). Monday’s closes: CLU5 -1.95 (-4.14%), RBU5 -0.0899 (-5.07%). Sep crude oil and gasoline closed sharply lower Monday with Sep crude at a 4-1/4 month nearest-futures low and Sep gasoline at a 4-1/2 month low. Negative factors included (1) Chinese demand concerns after a gauge of Chinese manufacturing activity contracted at its steepest pace in 2 years, and (2) comments from Iran’s oil minister who said that Iran can raise output by 500,000 bpd within a week of the end of sanctions.

GLOBAL EVENT CALENDAR08/04/2015
US0945 ETJul New York ISM, Jun +9.1 to 63.1.
1000 ETJun factory orders expected +1.8%, May -1.0% and +0.1% ex transportation.
UK0200 ETUK Jul nationwide house prices expected +0.4% m/m and +3.5% y/y, Jun -0.2% m/m and +3.3% y/y.
0430 ETUK Jul Markit/CIPS construction PMI expected +0.4 to 58.5, Jun 58.1.
1901 ETUK Jul BRC shop price index, Jun -1.3% y/y.
EUR0500 ETEurozone Jun PPI expected unch m/m and -2.2% y/y, May unch m/m and -2.0% y/y.
CHI2145 ETChina Jul Caixin composite PMI, Jun 50.6.
U.S. STOCK CALENDAR08/04/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
Archer-Daniels-Midland CoADM USBef-mktQ2 2015 Earnings ReleaseQ2 20150.652
Emerson Electric CoEMR USBef-mktQ3 2015 Earnings ReleaseQ3 20150.832
Entergy CorpETR USBef-mktQ2 2015 Earnings ReleaseQ2 20151.137
HCP IncHCP USBef-mktQ2 2015 Earnings ReleaseQ2 20150.759
CVS Health CorpCVS USBef-mktQ2 2015 Earnings ReleaseQ2 20151.196
Parker-Hannifin CorpPH USBef-mktQ4 2015 Earnings ReleaseQ4 20151.868
Vulcan Materials CoVMC USBef-mktQ2 2015 Earnings ReleaseQ2 20150.658
Expeditors International of Washington IncEXPD USBef-mktQ2 2015 Earnings ReleaseQ2 20150.54
Health Care REIT IncHCN USBef-mktQ2 2015 Earnings ReleaseQ2 20151.077
Regeneron Pharmaceuticals IncREGN USBef-mktQ2 2015 Earnings ReleaseQ2 20152.78
Martin Marietta Materials IncMLM USBef-mktQ2 2015 Earnings ReleaseQ2 20151.584
AMETEK IncAME USBef-mktQ2 2015 Earnings ReleaseQ2 20150.636
NRG Energy IncNRG USBef-mktQ2 2015 Earnings ReleaseQ2 20150.018
Scripps Networks Interactive IncSNI USBef-mktQ2 2015 Earnings ReleaseQ2 20151.262
Mallinckrodt PLCMNK USBef-mktQ3 2015 Earnings ReleaseQ3 20151.826
Zoetis IncZTS USBef-mktQ2 2015 Earnings ReleaseQ2 20150.378
Aetna IncAET US6:00Q2 2015 Earnings ReleaseQ2 20151.821
Coach IncCOH US7:00Q4 2015 Earnings ReleaseQ4 20150.293
Mosaic Co/TheMOS US7:00Q2 2015 Earnings ReleaseQ2 20150.899
American International Group IncAIG US8:00Q2 2015 Earnings CallQ2 2015
Harman International Industries IncHAR US8:00Q4 2015 Earnings ReleaseQ4 20151.312
Kellogg CoK US8:00Q2 2015 Earnings ReleaseQ2 20150.917
NRG Energy IncNRG US8:00Q2 2015 Earnings CallQ2 2015
CVS Health CorpCVS US8:30Q2 2015 Earnings CallQ2 2015
Regeneron Pharmaceuticals IncREGN US8:30Q2 2015 Earnings CallQ2 2015
AMETEK IncAME US8:30Q2 2015 Earnings CallQ2 2015
Aetna IncAET US8:30Q2 2015 Earnings CallQ2 2015
Coach IncCOH US8:30Q4 2015 Earnings CallQ4 2015
Mallinckrodt PLCMNK US8:30Q3 2015 Earnings CallQ3 2015
Zoetis IncZTS US8:30Q2 2015 Earnings CallQ2 2015
Archer-Daniels-Midland CoADM US9:00Q2 2015 Earnings CallQ2 2015
General Growth Properties IncGGP US9:00Q2 2015 Earnings CallQ2 2015
Allstate Corp/TheALL US9:00Q2 2015 Earnings CallQ2 2015
Sempra EnergySRE US9:00Q2 2015 Earnings ReleaseQ2 20151.002
Mosaic Co/TheMOS US9:00Q2 2015 Earnings CallQ2 2015
Kellogg CoK US9:30Q2 2015 Earnings CallQ2 2015
XL Group PLCXL US10:00Q2 2015 Earnings CallQ2 2015
Tenet Healthcare CorpTHC US10:00Q2 2015 Earnings CallQ2 2015
Vornado Realty TrustVNO US10:00Q2 2015 Earnings CallQ2 2015
Health Care REIT IncHCN US10:00Q2 2015 Earnings CallQ2 2015
Scripps Networks Interactive IncSNI US10:00Q2 2015 Earnings CallQ2 2015
Entergy CorpETR US11:00Q2 2015 Earnings CallQ2 2015
Harman International Industries IncHAR US11:00Q4 2015 Earnings CallQ4 2015
Parker-Hannifin CorpPH US11:00Q4 2015 Earnings CallQ4 2015
Vulcan Materials CoVMC US11:00Q2 2015 Earnings CallQ2 2015
HCP IncHCP US12:00Q2 2015 Earnings CallQ2 2015
Goldman Sachs Group Inc/TheGS US12:00Q2 2015 Earnings Call – Fixed IncomeC2 2015
Sempra EnergySRE US13:00Q2 2015 Earnings CallQ2 2015
Emerson Electric CoEMR US14:00Q3 2015 Earnings CallQ3 2015
Martin Marietta Materials IncMLM US14:00Q2 2015 Earnings CallQ2 2015
Cerner CorpCERN US16:30Q2 2015 Earnings CallQ2 2015
First Solar IncFSLR US16:30Q2 2015 Earnings CallQ2 2015
Walt Disney Co/TheDIS US17:00Q3 2015 Earnings CallQ3 2015
DaVita HealthCare Partners IncDVA US17:00Q2 2015 Earnings CallQ2 2015
Walt Disney Co/TheDIS USAft-mktQ3 2015 Earnings ReleaseQ3 20151.412
ONEOK IncOKE USAft-mktQ2 2015 Earnings ReleaseQ2 20150.349
Cerner CorpCERN USAft-mktQ2 2015 Earnings ReleaseQ2 20150.516
Newfield Exploration CoNFX USAft-mktQ2 2015 Earnings ReleaseQ2 20150.197
DaVita HealthCare Partners IncDVA USAft-mktQ2 2015 Earnings ReleaseQ2 20150.946
Pioneer Natural Resources CoPXD USAft-mktQ2 2015 Earnings ReleaseQ2 20150.033
Devon Energy CorpDVN USAft-mktQ2 2015 Earnings ReleaseQ2 20150.43
Cimarex Energy CoXEC USAft-mktQ2 2015 Earnings ReleaseQ2 2015-0.021
Genworth Financial IncGNW USAft-mktQ2 2015 Earnings ReleaseQ2 20150.263
First Solar IncFSLR USAft-mktQ2 2015 Earnings ReleaseQ2 20150.218
Airgas IncARG USAnnual General Meeting
AutoNation IncAN USJuly 2015 Sales and Revenue Release2015
Delta Air Lines IncDAL USJuly 2015 Sales and Revenue Release – Traffic Results2015
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