Thu Oct 22 2015
Live Index (1359 articles)
Share

Live Index – Thu, 22 Oct 2015 Premarket

PREMARKET WORLD NEWS

December E-mini S&Ps (ESZ15 +0.40%) are up +0.37% and European stocks are up +0.22% as better-than-expected company Q3 earnings results gives the market a boost. Texas Instruments and Ebay are both up over 8% in pre-market trading and are leading the overall market higher after reporting strong Q3 earnings results. The markets now await the conclusion of today’s ECB meeting and whether ECB President Draghi will signal if the central bank is moving toward more stimulus. Asian stocks settled mixed: Japan -0.64%, Hong Kong -0.63%, China +1.45%, Taiwan -0.01%, Australia +0.30%, Singapore +0.41%, South Korea -0.81%, India closed for holiday. China’s Shanghai Composite closed higher on signs the government is set to expand funds for infrastructure projects to bolster growth, while Japan’s Nikkei Stock Index closed lower, led by losses in pharmaceutical stocks, after a short-seller report on Valeant Pharmaceuticals International roiled U.S. health-care stocks.

The dollar index (DXY00 +0.06%) is up +0.08% at a 1-1/2 week high. EUR/USD (^EURUSD) is down -0.19% at a 1-1/2 week low on speculation ECB President Draghi may signal an expansion of QE at his press conference today following the ECB meeting. USD/JPY (^USDJPY) is down -0.18%.

Dec T-note prices (ZNZ15 -0.06%) are down -3.5 ticks.

 

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) weekly initial unemployment claims (expected +10,000 to 265,000, previous -7,000 to 255,000) and continuing claims (expected +32,000 to 2.190 million, previous -50,000 to 2.158 million), (2) Sep Chicago Fed national activity index (expected +0.21 to -0.20, Aug -0.92 to -0.41), (3) Aug FHFA house price index (expected +0.5% m/m, Jul +0.6% m/m), (4) Sep existing home sales (expected +1.5% to 5.39 million, Aug -4.8% m/m to 5.31 million), (5) Sep leading indicators (expected unch, Aug +0.1%), (6) Oct Kansas City Fed manufacturing activity (expected -1 to -9, Sep +1 to 8), (7) the Treasury’s auction of $ 7 billion 30-year TIPS.

There are 46 of the S&P 500 companies that report earnings today with notable reports including: Amazon.com (consensus -$ 0.13), Microsoft (0.58), Caterpillar (0.77), Capital One (1.94), AT&T (0.69), PulteGroup (0.43), Southwest Airlines (0.92), Dr Pepper Snapple (1.03), Raytheon (1.43), Nasdaq (0.86), McDonalds (1.28),

U.S. IPO’s scheduled to price today: Fuling Global (FORK), Oasmia Pharmaceutical (OASM).

Equity conferences during the remainder of this week include: none.

PREMARKET U.S. STOCKS

eBay (EBAY -0.86%) jumped over 8% in pre-market trading after it reported Q3 adjusted EPS of 43 cents, higher than consensus of 40 cents, and then raised guidance on fiscal 2015 EPS to $ 180-$ 1.82 from a July estimate of $ 1.72-$ 1.77, above consensus of $ 1.78.

Texas Instruments (TXN -1.01%) rose over 8% in pre-market trading after it reported Q3 EPS of 76 cents, higher than consensus of 67 cents, and then raised guidance on Q4 EPS to 64 cents-74 cents, above consensus of 62 cents.

Eli Lilly (LLY -1.00%) reported Q3 EPS of 89 cents, higher than consensus of 76 cents, and then raised guidance on fiscal 2015 EPS to $ 3.40-$ 3.45 from a July estimate of $ 3.20-$ 3.30, above consensus of $ 3.28.

Southwest Airlines (LUV -0.82%) reported Q3 EPS of 94 cents, better than consensus of 92 cents

Community Health Systems (CYH -3.34%) slumped over 15% in after-hours trading after it reported Q3 revenue of $ 4.85 billion, below consensus of $ 4.98 billion.

United Rentals (URI +1.50%) climbed nearly 4% in after-hours trading after it reported Q3 EPS of $ 2.57, better than consensus of $ 2.35.

Ameriprise (AMP -0.66%) reported Q3 operating EPS of $ 2.35, above consensus of $ 2.29

Kinder Morgan (KMI -1.60%) slid nearly 5% in after-hours trading after it reported Q3 EPS of 8 cents, well below consensus of 18 cents.

Citrix Systems (CTXS -5.27%) jumped over 7% in after-hours trading after it reported Q3 adjusted EPS of $ 1.04, well above consensus of 84 cents, and then raised guidance on fiscal 2105 EPS to $ 3.85-$ 3.90 from $ 3.65-$ 3.75, above consensus of $ 3.71.

Las Vegas Sands (LVS -1.01%) rose over 3% in after-hours trading after it reported Q3 adjusted EPS of 66 cents, above consensus of 63 cents.

American Express (AXP -0.57%) fell over 4% in after-hours trading after it reported Q3 EPS of $ 1.24, weaker than consensus of $ 1.31, and then lowered guidance on fiscal 2015 EPS to $ 5.20-$ 5.35, below consensus of $ 5.49.

CIT Group (CIT -0.70%) climbed over 2% in after-hours trading after it announced that CEO John Thain will retire effective Mar 2016 and Ellen Alemany will be the new CEO.

MARKET COMMENTS

Dec E-mini S&Ps (ESZ15 +0.40%) this morning are up +7.50 points (+0.37%). Wednesday’s closes: S&P 500 -0.58%, Dow Jones -0.28%, Nasdaq -0.56%. The S&P 500 on Wednesday closed lower on global growth concerns after Japan Sep exports rose +0.6% y/y, less than expectations of +3.8% y/y and the smallest increase in 13 months. In addition, there was weakness in energy producers and mining stocks after the price of crude oil fell to a 2-1/2 week low and copper dipped to a 1-1/2 week low. Stocks found some underlying support from M&A activity after Western Digital bought SanDisk for $ 19 billion and Lam Research bought KLA-Tencor for $ 10.6 billion.

Dec 10-year T-notes (ZNZ15 -0.06%) this morning are down -3.5 ticks. Wednesday’s closes: TYZ5 +10.00, FVZ5 +3.75. Dec T-notes on Wednesday closed higher on increased safe-haven demand for Treasuries after stocks closed lower and on reduced inflation expectations after crude oil fell to a 2-1/2 week low and copper dropped to a 1-week low.

The dollar index (DXY00 +0.06%) this morning is up +0.076 (+0.06%) at a 1-1/2 week high. EUR/USD (^EURUSD) is down -0.0022 (-0.19%) at a 1-1/2 week low. USD/JPY (^USDJPY) is down -0.22 (-0.18%). Wednesday’s closes: Dollar Index +0.122 (+0.13%), EUR/USD -0.0007 (-0.06%), USD/JPY +0.09 (+0.08%). The dollar index on Wednesday rose to a 1-week high and closed higher on weakness in the commodity currencies of Canada and Australia versus the dollar after copper prices fell to a 1-1/2 week low and crude prices fell to a 2-1/2 week low. Also, USD/JPY rallied to a 1-week high on speculation the BOJ may need to expand QE after Japan Sep exports rose at the slowest pace in 13 months.

Dec crude oil (CLZ15 +1.46%) this morning is up +59 cents (+1.31%) and Dec gasoline (RBZ15 +1.85%) is up +0.0215 (+1.67%). Wednesday’s closes: CLZ5 -1.03 (-2.23%), RBZ5 +0.0005 (+0.04%). Dec crude oil and gasoline on Wednesday settled mixed with Dec crude at a 2-1/2 week low. Crude oil prices were undercut by the -3% drop in the Shanghai Composite index and the +8.03 million bbl increase in weekly EIA crude inventories to a 4-1/2 month high versus expectations of a +3.5 million bbl increase. Gasoline prices closed higher after EIA gasoline stockpiles fell -1.52 million bbl, a bigger decline than expectations of -1.0 million bbl.

GLOBAL EVENT CALENDAR10/22/2015
US0830 ETWeekly initial unemployment claims expected +10,000 to 265,000, previous -7,000 to 255,000. Weekly continuing claims expected +32,000 to 2.190 million, previous -50,000 to 2.158 million.
0830 ETSep Chicago Fed national activity index expected +0.21 to -0.20, Aug -0.92 to -0.41.
0830 ETUSDA weekly Export Sales.
0900 ETAug FHFA house price index expected +0.5% m/m, Jul +0.6% m/m.
1000 ETSep existing home sales expected +1.5% to 5.39 million, Aug -4.8% m/m to 5.31 million.
1000 ETSep leading indicators expected unch, Aug +0.1%.
1100 ETOct Kansas City Fed manufacturing activity expected -1 to -9, Sep +1 to 8.
1100 ETTreasury 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 Oct 27-29.
1300 ETTreasury auctions $ 7 billion 30-year TIPS.
1500 ETUSDA Sep Cold Storage.
UK0430 ETUK Sep retail sales ex auto fuel expected +0.4% m/m and +4.7% y/y, Aug +0.1% m/m and +3.5% y/y.
0430 ETUK Sep retail sales including auto fuel expected +0.4% m/m and +4.8% y/y, Aug +0.2% m/m and +3.7% y/y.
EUR0745 ETECB announces interest rate decision.
0830 ETECB President Mario Draghi speaks at press conference following ECB meeting.
1000 ETEurozone Oct consumer confidence expected -0.3 to -7.4, Sep -7.1.
CHI2130 ETChina Sep property prices.
JPN2135 ETJapan Nikkei Oct manufacturing PMI expected -0.5 to 50.5, Sep 51.0.
U.S. STOCK CALENDAR10/22/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
Dow Chemical Co/TheDOW USBef-mktQ3 2015 Earnings ReleaseQ3 20150.688
EQT CorpEQT USBef-mktQ3 2015 Earnings ReleaseQ3 2015-0.216
Freeport-McMoRan IncFCX USBef-mktQ3 2015 Earnings ReleaseQ3 2015-0.098
Eli Lilly & CoLLY USBef-mktQ3 2015 Earnings ReleaseQ3 20150.76
Nucor CorpNUE USBef-mktQ3 2015 Earnings ReleaseQ3 20150.474
Parker-Hannifin CorpPH USBef-mktQ1 2016 Earnings ReleaseQ1 20161.464
PulteGroup IncPHM USBef-mktQ3 2015 Earnings ReleaseQ3 20150.429
Precision Castparts CorpPCP USBef-mktQ2 2016 Earnings ReleaseQ2 20162.944
Ryder System IncR USBef-mktQ3 2015 Earnings ReleaseQ3 20151.731
Snap-on IncSNA USBef-mktQ3 2015 Earnings ReleaseQ3 20151.938
Southwest Airlines CoLUV USBef-mktQ3 2015 Earnings ReleaseQ3 20150.915
Stanley Black & Decker IncSWK USBef-mktQ3 2015 Earnings ReleaseQ3 20151.438
Huntington Bancshares Inc/OHHBAN USBef-mktQ3 2015 Earnings ReleaseQ3 20150.216
T Rowe Price Group IncTROW USBef-mktQ3 2015 Earnings ReleaseQ3 20151.14
Cameron International CorpCAM USBef-mktQ3 2015 Earnings ReleaseQ3 20150.816
Quest Diagnostics IncDGX USBef-mktQ3 2015 Earnings ReleaseQ3 20151.26
Mead Johnson Nutrition CoMJN USBef-mktQ3 2015 Earnings ReleaseQ3 20150.838
Dr Pepper Snapple Group IncDPS USBef-mktQ3 2015 Earnings ReleaseQ3 20151.031
Danaher CorpDHR US6:00Q3 2015 Earnings ReleaseQ3 20151.029
Perrigo Co PLCPRGO US6:00Q3 2015 Earnings ReleaseQ3 20151.721
American Electric Power Co IncAEP US6:58Q3 2015 Earnings ReleaseQ3 20151.002
Raytheon CoRTN US7:00Q3 2015 Earnings ReleaseQ3 20151.432
Nasdaq IncNDAQ US7:00Q3 2015 Earnings ReleaseQ3 20150.863
Under Armour IncUA US7:15Q3 2015 Earnings ReleaseQ3 20150.443
Caterpillar IncCAT US7:30Q3 2015 Earnings ReleaseQ3 20150.773
3M CoMMM US7:30Q3 2015 Earnings ReleaseQ3 20151.998
Alliance Data Systems CorpADS US7:30Q3 2015 Earnings ReleaseQ3 20153.93
United Continental Holdings IncUAL US7:30Q3 2015 Earnings ReleaseQ3 20154.555
McDonald’s CorpMCD US7:58Q3 2015 Earnings ReleaseQ3 20151.275
Danaher CorpDHR US8:00Q3 2015 Earnings CallQ3 2015
Stanley Black & Decker IncSWK US8:00Q3 2015 Earnings CallQ3 2015
Union Pacific CorpUNP US8:00Q3 2015 Earnings ReleaseQ3 20151.431
Perrigo Co PLCPRGO US8:00Q1 2016 Earnings CallQ1 2016
Nasdaq IncNDAQ US8:00Q3 2015 Earnings CallQ3 2015
Equifax IncEFX US8:30Q3 2015 Earnings CallQ3 2015
Franklin Resources IncBEN US8:30Q4 2015 Earnings ReleaseQ4 20150.762
Franklin Resources IncBEN US8:30Q4 2015 Earnings Call – Pre-RecordedC4 2015
PulteGroup IncPHM US8:30Q3 2015 Earnings CallQ3 2015
Quest Diagnostics IncDGX US8:30Q3 2015 Earnings CallQ3 2015
Alliance Data Systems CorpADS US8:30Q3 2015 Earnings CallQ3 2015
Under Armour IncUA US8:30Q3 2015 Earnings CallQ3 2015
Union Pacific CorpUNP US8:45Q3 2015 Earnings CallQ3 2015
ACE LtdACE US8:45Extraordinary Shareholders Meeting
American Electric Power Co IncAEP US9:00Q3 2015 Earnings CallQ3 2015
Dow Chemical Co/TheDOW US9:00Q3 2015 Earnings CallQ3 2015
Eli Lilly & CoLLY US9:00Q3 2015 Earnings CallQ3 2015
3M CoMMM US9:00Q3 2015 Earnings CallQ3 2015
Raytheon CoRTN US9:00Q3 2015 Earnings CallQ3 2015
Ameriprise Financial IncAMP US9:00Q3 2015 Earnings CallQ3 2015
Mead Johnson Nutrition CoMJN US9:30Q3 2015 Earnings CallQ3 2015
Freeport-McMoRan IncFCX US10:00Q3 2015 Earnings CallQ3 2015
Parker-Hannifin CorpPH US10:00Q1 2016 Earnings CallQ1 2016
Snap-on IncSNA US10:00Q3 2015 Earnings CallQ3 2015
Huntington Bancshares Inc/OHHBAN US10:00Q3 2015 Earnings CallQ3 2015
Mead Johnson Nutrition CoMJN US10:00Investor DayY 2015
EQT CorpEQT US10:30Q3 2015 Earnings CallQ3 2015
Crown Castle International CorpCCI US10:30Q3 2015 Earnings CallQ3 2015
United Continental Holdings IncUAL US10:30Q3 2015 Earnings CallQ3 2015
Caterpillar IncCAT US11:00Q3 2015 Earnings CallQ3 2015
Franklin Resources IncBEN US11:00Q4 2015 Earnings CallQ4 2015
McDonald’s CorpMCD US11:00Q3 2015 Earnings CallQ3 2015
Ryder System IncR US11:00Q3 2015 Earnings CallQ3 2015
United Rentals IncURI US11:00Q3 2015 Earnings CallQ3 2015
Red Hat IncRHT US11:00Acquisition of Ansible, Inc. by Red Hat, Inc. Call
Dr Pepper Snapple Group IncDPS US11:00Q3 2015 Earnings CallQ3 2015
Southwest Airlines CoLUV US12:30Q3 2015 Earnings CallQ3 2015
Nucor CorpNUE US14:00Q3 2015 Earnings CallQ3 2015
SL Green Realty CorpSLG US14:00Q3 2015 Earnings CallQ3 2015
Principal Financial Group IncPFG US16:00Q3 2015 Earnings ReleaseQ3 20151.056
Capital One Financial CorpCOF US16:05Q3 2015 Earnings ReleaseQ3 20151.939
E*TRADE Financial CorpETFC US16:05Q3 2015 Earnings ReleaseQ3 20150.292
VeriSign IncVRSN US16:05Q3 2015 Earnings ReleaseQ3 20150.765
Altera CorpALTR US16:15Q3 2015 Earnings ReleaseQ3 20150.297
AT&T IncT US16:30Q3 2015 Earnings CallQ3 2015
Stryker CorpSYK US16:30Q3 2015 Earnings CallQ3 2015
VeriSign IncVRSN US16:30Q3 2015 Earnings CallQ3 2015
Alphabet IncGOOGL US16:30Q3 2015 Earnings CallQ3 2015
CR Bard IncBCR US17:00Q3 2015 Earnings CallQ3 2015
KLA-Tencor CorpKLAC US17:00Q1 2016 Earnings CallQ1 2016
Capital One Financial CorpCOF US17:00Q3 2015 Earnings CallQ3 2015
Stericycle IncSRCL US17:00Q3 2015 Earnings CallQ3 2015
E*TRADE Financial CorpETFC US17:00Q3 2015 Earnings CallQ3 2015
Amazon.com IncAMZN US17:00Q3 2015 Earnings CallQ3 2015
Juniper Networks IncJNPR US17:00Q3 2015 Earnings CallQ3 2015
CR Bard IncBCR USAft-mktQ3 2015 Earnings ReleaseQ3 20152.243
AT&T IncT USAft-mktQ3 2015 Earnings ReleaseQ3 20150.688
Southwestern Energy CoSWN USAft-mktQ3 2015 Earnings ReleaseQ3 2015-0.025
Microsoft CorpMSFT USAft-mktQ1 2016 Earnings ReleaseQ1 20160.584
Stryker CorpSYK USAft-mktQ3 2015 Earnings ReleaseQ3 20151.226
Stericycle IncSRCL USAft-mktQ3 2015 Earnings ReleaseQ3 20151.185
Amazon.com IncAMZN USAft-mktQ3 2015 Earnings ReleaseQ3 2015-0.133
Juniper Networks IncJNPR USAft-mktQ3 2015 Earnings ReleaseQ3 20150.533
Alphabet IncGOOGL USAft-mktQ3 2015 Earnings ReleaseQ3 20157.201
Microsoft CorpMSFT US17:30Q1 2016 Earnings CallQ1 2016
Chubb Corp/TheCB USExtraordinary Shareholders Meeting
Chubb Corp/TheCB USSpecial Meeting – M&A Vote
ACE LtdACE USExtraordinary Shareholders Meeting
Hudson City Bancorp IncHCBK USQ3 2015 Earnings ReleaseQ3 2015-0.003

Copyright (2015) © LiveIndex.org


Live Index

Live Index