Tue Oct 20 2015
Live Index (1356 articles)
Share

Live Index – Tue, 20 Oct 2015 Premarket

PREMARKET WORLD NEWS

December E-mini S&Ps (ESZ15 -0.21%) are down -0.31% and European stocks are down -0.85% on reduced chances of additional easing from the ECB after the ECB’s lending survey showed that credit standards on loans to companies eased for the sixth consecutive quarter. Also, weakness is IBM, which is down -4.5% in pre-market trading, is undercutting stocks after it lowered its full-year profit forecast after Q3 revenue missed estimates. Mining companies and raw-material stocks are lower as well after the price of copper (HGZ15 -0.30%) fell to a 1-week low. Asian stocks settled mixed: Japan +0.42%, Hong Kong -0.37%, China +1.14%, Taiwan +0.26%, Australia -0.65%, Singapore -0.18%, South Korea +0.43%, India -0.21%. China’s Shanghai Composite rose to a 1-3/4 month high as a rally in small-cap stocks led the overall market higher on speculation the government will boost stimulus in the technology industry to offset the faltering industrial sector.

The dollar index (DXY00 -0.31%) is down -0.31%. EUR/USD (^EURUSD) is up +0.45%. USD/JPY (^USDJPY) is up +0.11%.

Dec T-note prices (ZNZ15 -0.15%) are down -6 ticks on negative carryover from a slide in German bund prices after strength in the ECB’s Bank Lending Survey curbed speculation the ECB will expand QE.

The ECB said Q3 credit standards on loans to companies eased for the sixth consecutive quarter, according to the ECB’s Bank Lending Survey. The survey showed 40% of banks said they used the extra liquidity from the ECB’s QE program to lend to companies, while 14% increased mortgages and 36% expanded consumer credit and other loans to households.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Sep housing starts (expected +1.4% to 1.142 million, Aug -3.0% to 1.126 million), (2) introductory remarks by Fed Governor Jerome Powell and New York Fed President William Dudley at a conference on bond market liquidity, and (3) Fed Chair Janet Yellen’s welcoming remarks at a Labor Hall of Honor Induction Ceremony.

There are 22 of the S&P 500 companies that report earnings today with notable reports including: Yahoo (consensus $ 0.16), Bank of New York Mellon (0.71), Fifth Third Bancorp (0.40), Verizon (1.02), Chipotle (4.62), Discover Financial Services (1.33), Navient (0.48).

U.S. IPO’s scheduled to price today: Ferrari (RACE).

Equity conferences today include: Private Wealth Latin America and The Caribbean Forum on Wed.

PREMARKET U.S. STOCKS

International Business Machines (IBM -0.78%) fell nearly 5% in pre-market trading after it reported Q3 adjusted EPS of $ 3.34, above consensus of $ 3.30, but then lowered guidance for fiscal 2015 EPS to $ 15.25, plus or minus 50 cents, below consensus of $ 15.68.

Fifth Third Bancorp (FITB +0.11%) reported Q3 EPS of 39 cents, below consensus of 40 cents.

Harley Davidson (HOG +1.16%) reported Q3 EPS of 69 cents, weaker than consensus of 78 cents.

The Travelers Cos. (TRV +0.40%) reported Q3 EPS of $ 2.93, higher than consensus of $ 2.26.

Omnicom Group (OMC +0.07%) reported Q3 EPS of 97 cents, better than consensus of 95 cents.

Wolverine World Wide (WWW -0.25%) reported Q3 EPS of 48 cents, right on consensus, but then lowered guidance on fiscal 2015 EPS to $ 144-$ 1.47 from a February estimate of $ 1.53-$ 1.60, below consensus of $ 1.47.

The Fresh Market (TFM +3.51%) was raised to ‘Neutral’ from ‘Underperform’ at Credit Suisse.

Hexcel (HXL +0.07%) fell over 4% in after-hours trading after it reported Q3 EPS of 55 cents, weaker than consensus of 59 cents, and then lowered guidance on fiscal 2015 EPS to $ 2.28-$ 2.34, below consensus of $ 2.43.

SanDisk (SNDK +2.90%) jumped over 8% in after-hours trading after people with knowledge of the matter said SanDisk is in advanced talks to sell itself to Western Digital Corp.

Ctrip.com (CTRIP) climbed nearly 2% in after-hours trading after Priceline Group raised its stake in the company to 12.63%.

Rambus (RMBS +0.87%) sank nearly 15% in after-hours trading after it reported Q3 EPS of 14 cents, right on consensus, but then lowered guidance on Q4 revenue to $ 71 million -$ 77 million, below consensus of $ 83.4 million.

Sonic Corp. (SONC +1.99%) rose 5% in after-hours trading after it reported Q4 EPS of 43 cents, better than consensus of 42 cents, and raised guidance for fiscal year 2016 EPS growth to 16% to 20% per share, higher than a previous outlook of 14% to 18% growth.

Flexatronic International (FLEX -0.80%) rose 6% in after-hours trading after it reported Q2 EPS of 27 cents, higher than consensus of 25 cents.

MARKET COMMENTS

Dec E-mini S&Ps (ESZ15 -0.21%) this morning are down -6.25 points (-0.31%). Monday’s closes: S&P 500 +0.03%, Dow Jones +0.08%, Nasdaq +0.53%. The S&P 500 on Monday closed slightly higher on reduced Chinese economic concerns after the China Q3 GDP report of +6.9% y/y was slightly stronger than expectations of +6.8% y/y. In addition, the U.S. Oct NAHB housing market index showed a larger than-expected gain to a new 10-year high of 64. Meanwhile, bank stocks were undercut by disappointing earnings from Morgan Stanley and by weakness in energy producers after crude oil fell by over -3%.

Dec 10-year T-notes (ZNZ15 -0.15%) this morning are down -6 ticks. Monday’s closes: TYZ5 -2.00, FVZ5 +1.00. Dec T-notes on Monday closed slightly lower on increased worries about a Fed tightening after the stronger-than-expected Chinese Q3 GDP of +6.9% and the larger-than-expected increase in the Oct NAHB housing market index to a 10-year high.

The dollar index (DXY00 -0.31%) this morning is down -0.293 (-0.31%). EUR/USD (^EURUSD) is up +0.0051 (+0.45%). USD/JPY (^USDJPY) is up +0.13 (+0.11%). Monday’s closes: Dollar Index +0.388 (+0.41%), EUR/USD -0.0021 (-0.19%), USD/JPY +0.06 (+0.05%). The dollar index on Monday rose to a 1-week high and closed higher on the slightly increased chances for a Fed rate hike after the stronger-than-expected U.S. Oct NAHB housing market index report to a 10-year high. In addition, EUR/USD fell to a 1-week low on speculation that ECB President Draghi will consider expanding QE when the ECB meets on Thursday.

Dec crude oil (CLZ15 +0.19%) this morning is down -1 cent (-0.02%) and Dec gasoline (RBZ15 +0.31%) is down -0.0006 (-0.05%). Monday’s closes: CLZ5 -1.44 (-3.02%), RBZ5 -0.0538 (-4.03%). Dec crude oil and gasoline prices on Monday closed lower with Dec gasoline at a 1-1/2 month low. Crude oil and gasoline prices were undercut by the rally in the dollar index to a 1-week high and the decline in Q3 China GDP to a 6-1/2 year low of +6.9% y/y. In addition, the market is expecting Wednesday’s weekly EIA report to show a +500,000 bbl increase in Cushing crude oil inventories.

GLOBAL EVENT CALENDAR10/20/2015
US0830 ETSep housing starts expected +1.4% to 1.142 million, Aug -3.0% to 1.126 million. Sep building permits expected unch at 1.170 million, Aug +3.5% to 1.170 million.
0900 ETFed Governor Jerome Powell and New York Fed President William Dudley give introductory remarks at a conference on bond market liquidity.
1100 ETFed Chair Janet Yellen delivers welcoming remarks at a Labor Hall of Honor Induction Ceremony.
GER0200 ETGerman Sep PPI expected -0.2% m/m and -1.8% y/y, Aug -0.5% m/m and -1.7% y/y.
JPN0130 ETJapan Sep nationwide department store sales, Aug +2.7% y/y.
0200 ETRevised Japan Sep machine tool orders, previous -19.1% y/y.
1950 ETJapan Sep trade balance expected +87.0 billion yen, Aug -569.4 billion yen. Sep exports expected +3.8% y/y, Aug +3.1% y/y. Sep imports expected -11.9% y/y, Aug -3.1% y/y.
EUR0400 ETEurozone Aug current account, Jul +33.8 billion euros (nsa).
U.S. STOCK CALENDAR10/20/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
TEGNA IncTGNA USBef-mktQ3 2015 Earnings ReleaseQ3 20150.356
Harley-Davidson IncHOG USBef-mktQ3 2015 Earnings ReleaseQ3 20150.783
United Technologies CorpUTX USBef-mktQ3 2015 Earnings ReleaseQ3 20151.544
Pentair PLCPNR USBef-mktQ3 2015 Earnings ReleaseQ3 20150.958
Lockheed Martin CorpLMT USBef-mktQ3 2015 Earnings ReleaseQ3 20152.717
Prologis IncPLD USBef-mktQ3 2015 Earnings ReleaseQ3 20150.578
Regions Financial CorpRF USBef-mktQ3 2015 Earnings ReleaseQ3 20150.196
Bank of New York Mellon Corp/TheBK US6:30Q3 2015 Earnings ReleaseQ3 20150.712
Fifth Third BancorpFITB US6:30Q3 2015 Earnings ReleaseQ3 20150.4
Travelers Cos Inc/TheTRV US6:57Q3 2015 Earnings ReleaseQ3 20152.262
Dover CorpDOV US7:00Q3 2015 Earnings ReleaseQ3 20151.066
Omnicom Group IncOMC US7:00Q3 2015 Earnings ReleaseQ3 20150.951
Verizon Communications IncVZ US7:30Q3 2015 Earnings ReleaseQ3 20151.022
Bank of New York Mellon Corp/TheBK US8:00Q3 2015 Earnings CallQ3 2015
Verizon Communications IncVZ US8:30Q3 2015 Earnings CallQ3 2015
Omnicom Group IncOMC US8:30Q3 2015 Earnings CallQ3 2015
United Technologies CorpUTX US8:30Q3 2015 Earnings CallQ3 2015
Harley-Davidson IncHOG US9:00Q3 2015 Earnings CallQ3 2015
Travelers Cos Inc/TheTRV US9:00Q3 2015 Earnings CallQ3 2015
Fifth Third BancorpFITB US9:00Q3 2015 Earnings CallQ3 2015
Pentair PLCPNR US9:00Q3 2015 Earnings CallQ3 2015
Dover CorpDOV US10:00Q3 2015 Earnings CallQ3 2015
TEGNA IncTGNA US10:00Q3 2015 Earnings CallQ3 2015
JM Smucker Co/TheSJM US10:00Investor DayY 2015
Lockheed Martin CorpLMT US11:00Q3 2015 Earnings CallQ3 2015
Regions Financial CorpRF US11:00Q3 2015 Earnings CallQ3 2015
Prologis IncPLD US12:00Q3 2015 Earnings CallQ3 2015
Chipotle Mexican Grill IncCMG US16:00Q3 2015 Earnings ReleaseQ3 20154.624
Yahoo! IncYHOO US16:05Q3 2015 Earnings ReleaseQ3 20150.159
Intuitive Surgical IncISRG US16:05Q3 2015 Earnings ReleaseQ3 20154.221
Discover Financial ServicesDFS US16:05Q3 2015 Earnings ReleaseQ3 20151.325
Intuitive Surgical IncISRG US16:30Q3 2015 Earnings CallQ3 2015
Chipotle Mexican Grill IncCMG US16:30Q3 2015 Earnings CallQ3 2015
Yahoo! IncYHOO US17:00Q3 2015 Earnings CallQ3 2015
Discover Financial ServicesDFS US17:00Q3 2015 Earnings CallQ3 2015
Chubb Corp/TheCB USAft-mktQ3 2015 Earnings ReleaseQ3 20152.014
ACE LtdACE USAft-mktQ3 2015 Earnings ReleaseQ3 20152.368
FMC Technologies IncFTI USAft-mktQ3 2015 Earnings ReleaseQ3 20150.579
Navient CorpNAVI USAft-mktQ3 2015 Earnings ReleaseQ3 20150.476
Sigma-Aldrich CorpSIAL USQ3 2015 Earnings ReleaseQ3 20151.055

Copyright (2015) © LiveIndex.org


Live Index

Live Index