Thu Feb 04 2016
Live Index (1359 articles)
Share

Live Index – Thu, 04 Feb 2016 Premarket

PREMARKET WORLD NEWS

March E-mini S&Ps (ESH16 +0.01%) are up +0.14% and European stocks are up 0.63% as a selloff in the dollar index to a 3-month low underpins crude oil and metal prices and fuels a rally in energy and commodity producer stocks. Gains in European stocks were limited as automakers retreated, led by a nearly 4% decline in Daimler AG, after the automaker said growth will slow down in 2016 with only “slight’ gains in revenue and earnings. As expected, the BOE kept its benchmark rate unchanged at 0.50% and maintained its asset purchase target at 375 billion pounds. Asian stocks settled mostly higher: Japan -0.85%, Hong Kong +1.01%, China +1.53%, Taiwan closed for holiday, Australia +2.12%, Singapore +0.30%, South Korea +1.72%, India +0.48%. Japan’s Nikkei index closed lower as export stocks sold off after a rally in the yen to a 2-week high against the dollar reduced the earnings prospects of exporters.

The dollar index (DXY00 -0.60%) is down -0.54% at a 3-month low. EUR/USD (^EURUSD) is up +0.64% at a 3-1/4 month high. USD/JPY (^USDJPY) is down -0.23%.

Mar T-note prices (ZNH16 -0.07%) are down -3 ticks.

The European Commission cut its Eurozone 2016 GDP forecast to 1.7% from a Nov projection of 1.8% and slashed its Eurozone 2016 CPI estimate to 0.5% from a Nov forecast of 1.0%.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Boston Fed President Eric Rosengren’s speech to the Financial Stability Institute of the Bank for International Settlements in Cape Town on progress addressing “Too Big to Fail,” (2) Jan Challenger job cuts (Dec -27.6% y/y), (3) weekly initial unemployment claims (expected -1,000 to 277,000, previous -16,000 to 278,000) and continuing claims (expected -28,000 to 2.240 million, previous +49,000 to 2.268 million), (4) Q4 non-farm productivity (expected -2.0%, Q3 +2.2%. Q4 unit labor costs expected +4.1%, Q3 +1.8%), (5) Dallas Fed President Robert Kaplan’s speech on global economic conditions at an event in Dallas, TX, (6) Dec factory orders (expected -2.8%, Nov -0.2% and -0.3% ex transportation), and (7) Cleveland Fed President Loretta Mester’s speech at an MNI event where she will address questions on Fed economic and monetary policy.

There are 33 of the S&P 500 companies that report earnings today with notable reports including: News Corp (0.21), Symantec (0.24), Cummins (2.11), McGraw Hill Financial (1.02), Conoco Phillips (-0.65), ICE Exchange (3.01), Occidental Petroleum (-0.13).

U.S. IPO’s scheduled to price today: Advanced Inhalation Theraphies (AITP).

Equity conferences this week include: Cowen and Company Aerospace/Defense Conference & Transport Forum on Wed-Thu

PREMARKET U.S. STOCKS

Viacom (VIAB +2.10%) surged over 7% in pre-market trading after a person familiar witt the matter said the board will meet today to name a successor to Chairma Summer Restone.

CBS Corp. (CBS +3.50%) rose 4% in pre-market trading after Summer Redstone resigned as chairman of CBS and will be replaced by CEO Les Moonves.

Yum! Brands (YUM +0.18%) fell over 1% in after-hours trading after it reported Q4 revenue of $ 3.95 billion, less than consensus of $ 4.03 billion.

Cisco (CSCO +1.18%) slid nearly 1% in after-hours trading after it said it will acquire Jasper Technologies for $ 1.4 billion in cash and assumed equity awards.

Allstate (ALL -0.55%) gained nearly 1% in after-hours trading after it reported Q4 adjusted EPS of $ 1.60, higher than consensus of $ 1.35.

MetLife (MET -1.89%) fell over 2% in after-hours trading after it reported Q4 operating EPS of $ 1.23, below consensus of $ 1.36.

Noble Corp. Plc (NE +4.13%) dropped 7% in after-hours trading after it reported Q4 adjusted EPS of 52 cents, weaker than consensus of 55 cents, and said it faces a “challenging outlook” in 2016.

Take-Two Interactive Software (TTWO -1.82%) climbed 8% in after-hours trading after it reported Q3 adjusted EPS of 89 cents, well above consensus of 50 cents, and raised guidance on fiscal 2016 adjusted EPS to $ 1.65-$ 1.75 from a prior view of $ 1.00-$ 1.15, better than consensus of $ 1.15.

GoPro (GPRO +4.59%) slumped over 8% in pre-market trading after it lowered guidance on fiscal 2016 revenue to $ 1.35 billion-$ 1.50 billion, below consensus of $ 1.59 billion, and said Brian McGee will succeed Jack Lazar as CFO effective March 11.

VirnetX Holding (VHC +29.81%) soared over 80% in after-hours trading after a jury in Texas awarded the company $ 625.6 million in a patent trial against Apple.

Cadence Design Systems (CDNS unch) climbed 4% in after-hours trading after it reported Q4 non-gaap EPS of 31 cents, higher than consensus of 29 cents.

DHT Holdings (DHT +3.86%) slid over 10% in after-hours trading after it reported Q4 EPS of 31 cents, below consensus of 33 cents.

Glu Mobile (GLUU -2.90%) surged over 20% in after-hours trading after it reported an unexpected Q4 EPS profit of 2 cents, better than consensus of a -3 cent loss.

SolarEdge Technologies (SEDG +2.73%) jumped over 11% in after-hours trading after it reported Q2 adjusted EPS of 44 cents, better than consensus of 35 cents.

Imperva (IMPV -0.76%) tumbled over 10% in after-hours trading after it said it sees a Q1 adjusted EPS loss of -26 cents to -32 cents, weaker than consensus of an -11 cent loss.

MARKET COMMENTS

Mar E-mini S&Ps (ESH16 +0.01%) this morning are up +2.75 points (+0.14%). Wednesday’s closes: S&P 500 +0.50%, Dow Jones +1.13%, Nasdaq -2.18%. The S&P 500 on Wednesday closed higher on the +205,000 increase in the Jan ADP employment report (stronger than expectations of +193,000) and a rally in energy producers after crude oil prices recovered from a 1-week low and closed sharply higher. Stocks were undercut by the -2.3 point decline in the Jan ISM non-manufacturing PMI to 53.5, weaker than expectations of -0.2 to 55.1 and the slowest pace of expansion in nearly 2 years.

Mar 10-year T-notes (ZNH16 -0.07%) this morning are down -3 ticks. Wednesday’s closes: TYH6 -2.50, FVH6 +1.50. Mar T-notes on Wednesday rallied to a 1-year nearest-futures high but fell back and closed lower. T-note prices were undercut by the larger than expected increase in the Jan ADP employment change and reduced safe-haven demand after stocks recovered to close higher. T-note prices were supported by the weaker-than-expected Jan ISM non-manufacturing PMI report.

The dollar index (DXY00 -0.60%) this morning is down -0.522 (-0.54%) at a 3-month low. EUR/USD (^EURUSD) is up +0.0071 (+0.64%) at a 3-1/4 month high. USD/JPY (^USDJPY) is down -0.27 (-0.23%). Wednesday’s closes: Dollar Index -1.584 (-1.60%), EUR/USD +0.0186 (+1.70%), USD/JPY -2.07 (-1.73%). The dollar index on Wednesday slumped to a 3-month low and closed lower on U.S. growth concerns that may keep the Fed from further raising interest rates after the Jan non-manufacturing PMI expanded at the slowest pace in nearly 2 years. The dollar index was also undercut by strength in EUR/USD which rallied to a 3-month high after the Eurozone Jan composite PMI was revised upward by +0.1 to 53.6.

Mar crude oil (CLH16 +0.46%) this morning is up +7 cents (+0.22%) and Mar gasoline (RBH16 +2.42%) is up +0.0192 (+1.89%). Wednesday’s closes: CLH6 +2.87 (+9.61%), RBH6 +0.0273 (+2.73%). Mar crude oil and gasoline closed sharply higher on Wednesday as Mar crude rebounded from a 1-week low and Mar gasoline recovered from a 7-year low. Crude oil prices were boosted by short-covering after the dollar index tumbled to a 3-month low and by the -0.1% decline in U.S. crude production in the week of Jan 29 to a 1-month low of 9.214 million bpd. Crude oil prices were undercut by the +7.79 million bbl surge in EIA crude inventories to a record high of 502.7 million bbl and by the +5.94 million bbl increase in EIA gasoline stockpiles to a record 254.4 million bbl.

GLOBAL EVENT CALENDAR02/04/2016
US0215 ETBoston Fed President Eric Rosengren speaks to the Financial Stability Institute of the Bank for International Settlements in Cape Town on progress addressing Too Big to Fail.
0730 ETJan Challenger job cuts, Dec -27.6% y/y.
0830 ETWeekly initial unemployment claims expected -1,000 to 277,000, previous -16,000 to 278,000. Weekly continuing claims expected -28,000 to 2.240 million, previous +49,000 to 2.268 million.
0830 ETQ4 non-farm productivity expected -2.0%, Q3 +2.2%. Q4 unit labor costs expected +4.1%, Q3 +1.8%.
0830 ETUSDA weekly Export Sales.
0830 ETDallas Fed President Robert Kaplan speaks on global economic conditions at an event in Dallas, TX.
1000 ETDec factory orders expected -2.8%, Nov -0.2% and -0.3% ex transportation. Dec capital goods new orders nondefense ex-aircraft & parts, Nov -0.3%.
1700 ETCleveland Fed President Loretta Mester is the guest speaker at an MNI event where she will address questions on Fed economic and monetary policy.
EUR0300 ETECB President Mario Draghi speaks at a conference organized by the Bundesbank in Frankfurt.
GER0330 ETGerman Jan Markit construction PMI, Dec 55.5.
UK0400 ETUK Jan new car registrations, Dec +8.4% y/y.
0700 ETBOE announces interest rate decision and asset purchase target, expected no change to the 0.50% benchmark rate or to the 375 billion pound asset purchase target.
U.S. STOCK CALENDAR02/04/2016
CompanyTickerTimeEvent DescriptionPeriodEstimate
Boston Scientific CorpBSX USBef-mktQ4 2015 Earnings ReleaseQ4 20150.247
Clorox Co/TheCLX USBef-mktQ2 2016 Earnings ReleaseQ2 20161.047
CMS Energy CorpCMS USBef-mktQ4 2015 Earnings ReleaseQ4 20150.376
EQT CorpEQT USBef-mktQ4 2015 Earnings ReleaseQ4 2015-0.191
Occidental Petroleum CorpOXY USBef-mktQ4 2015 Earnings ReleaseQ4 2015-0.126
PPL CorpPPL USBef-mktQ4 2015 Earnings ReleaseQ4 20150.439
ConocoPhillipsCOP USBef-mktQ4 2015 Earnings ReleaseQ4 2015-0.646
Snap-on IncSNA USBef-mktQ4 2015 Earnings ReleaseQ4 20152.177
TECO Energy IncTE USBef-mktQ4 2015 Earnings ReleaseQ4 20150.232
Vulcan Materials CoVMC USBef-mktQ4 2015 Earnings ReleaseQ4 20150.599
AmerisourceBergen CorpABC USBef-mktQ1 2016 Earnings ReleaseQ1 20161.247
Level 3 Communications IncLVLT USBef-mktQ4 2015 Earnings ReleaseQ4 20150.536
Intercontinental Exchange IncICE USBef-mktQ4 2015 Earnings ReleaseQ4 20153.009
Teradata CorpTDC USBef-mktQ4 2015 Earnings ReleaseQ4 20150.7
Delphi Automotive PLCDLPH USBef-mktQ4 2015 Earnings ReleaseQ4 20151.385
Cigna CorpCI US6:30Q4 2015 Earnings ReleaseQ4 20151.794
Xylem Inc/NYXYL US6:55Q4 2015 Earnings ReleaseQ4 20150.599
Marsh & McLennan Cos IncMMC US7:00Q4 2015 Earnings ReleaseQ4 20150.706
WEC Energy Group IncWEC US7:00Q4 2015 Earnings ReleaseQ4 20150.629
Fastenal CoFAST US7:00January 2016 Sales and Revenue Release2016
Philip Morris International IncPM US7:00Q4 2015 Earnings ReleaseQ4 20150.806
McGraw Hill Financial IncMHFI US7:15Q4 2015 Earnings ReleaseQ4 20151.015
Cummins IncCMI US7:30Q4 2015 Earnings ReleaseQ4 20152.107
L Brands IncLB US7:30January 2016 Sales and Revenue Release2016
L Brands IncLB US7:30January 2016 Sales and Revenue Call2016
Boston Scientific CorpBSX US8:00Q4 2015 Earnings CallQ4 2015
XL Group PLCXL US8:00Q4 2015 Earnings CallQ4 2015
Ralph Lauren CorpRL US8:00Q3 2016 Earnings ReleaseQ3 20162.127
MetLife IncMET US8:00Q4 2015 Earnings CallQ4 2015
Cigna CorpCI US8:30Q4 2015 Earnings CallQ4 2015
Marsh & McLennan Cos IncMMC US8:30Q4 2015 Earnings CallQ4 2015
McGraw Hill Financial IncMHFI US8:30Q4 2015 Earnings CallQ4 2015
PPL CorpPPL US8:30Q4 2015 Earnings CallQ4 2015
Intercontinental Exchange IncICE US8:30Q4 2015 Earnings CallQ4 2015
Teradata CorpTDC US8:30Q4 2015 Earnings CallQ4 2015
Spectra Energy CorpSE US8:30Analysts & Investors MeetingY 2016
CMS Energy CorpCMS US9:00Q4 2015 Earnings CallQ4 2015
Allstate Corp/TheALL US9:00Q4 2015 Earnings CallQ4 2015
Ralph Lauren CorpRL US9:00Q3 2016 Earnings CallQ3 2016
Philip Morris International IncPM US9:00Q4 2015 Earnings CallQ4 2015
Xylem Inc/NYXYL US9:00Q4 2015 Earnings CallQ4 2015
Delphi Automotive PLCDLPH US9:00Q4 2015 Earnings CallQ4 2015
Yum! Brands IncYUM US9:15Q4 2015 Earnings CallQ4 2015
Cummins IncCMI US10:00Q4 2015 Earnings CallQ4 2015
Lincoln National CorpLNC US10:00Q4 2015 Earnings CallQ4 2015
Occidental Petroleum CorpOXY US10:00Q4 2015 Earnings CallQ4 2015
Snap-on IncSNA US10:00Q4 2015 Earnings CallQ4 2015
Level 3 Communications IncLVLT US10:00Q4 2015 Earnings CallQ4 2015
Boston Properties IncBXP US10:00Q4 2015 Earnings CallQ4 2015
EQT CorpEQT US10:30Q4 2015 Earnings CallQ4 2015
Torchmark CorpTMK US11:00Q4 2015 Earnings CallQ4 2015
Vulcan Materials CoVMC US11:00Q4 2015 Earnings CallQ4 2015
Cincinnati Financial CorpCINF US11:00Q4 2015 Earnings CallQ4 2015
AmerisourceBergen CorpABC US11:00Q1 2016 Earnings CallQ1 2016
ConocoPhillipsCOP US12:00Q4 2015 Earnings CallQ4 2015
Rockwell Collins IncCOL US12:00Annual General Meeting
AvalonBay Communities IncAVB US13:00Q4 2015 Earnings CallQ4 2015
Clorox Co/TheCLX US13:30Q2 2016 Earnings CallQ2 2016
Macerich Co/TheMAC US13:30Q4 2015 Earnings CallQ4 2015
WEC Energy Group IncWEC US14:00Q4 2015 Earnings CallQ4 2015
Qorvo IncQRVO US16:00Q3 2016 Earnings ReleaseQ3 20160.951
Hanesbrands IncHBI US16:30Q4 2015 Earnings CallQ4 2015
News CorpNWSA US16:30Q2 2016 Earnings CallQ2 2016
PerkinElmer IncPKI US17:00Q4 2015 Earnings CallQ4 2015
Symantec CorpSYMC US17:00Q3 2016 Earnings CallQ3 2016
Stericycle IncSRCL US17:00Q4 2015 Earnings CallQ4 2015
Qorvo IncQRVO US17:00Q3 2016 Earnings CallQ3 2016
PerkinElmer IncPKI USAft-mktQ4 2015 Earnings ReleaseQ4 20150.874
Eversource EnergyES USAft-mktQ4 2015 Earnings ReleaseQ4 20150.625
Symantec CorpSYMC USAft-mktQ3 2016 Earnings ReleaseQ3 20160.24
Essex Property Trust IncESS USAft-mktQ4 2015 Earnings ReleaseQ4 20152.551
Apartment Investment & Management CoAIV USAft-mktQ4 2015 Earnings ReleaseQ4 20150.589
Hartford Financial Services Group Inc/TheHIG USAft-mktQ4 2015 Earnings ReleaseQ4 20150.984
Stericycle IncSRCL USAft-mktQ4 2015 Earnings ReleaseQ4 20151.077
Hanesbrands IncHBI USAft-mktQ4 2015 Earnings ReleaseQ4 20150.459
News CorpNWSA USAft-mktQ2 2016 Earnings ReleaseQ2 20160.206

Copyright (2016) © LiveIndex.org


Live Index

Live Index