Thu Apr 28 2016
Live Index (1454 articles)

Live Index – Thu, 28 Apr 2016 Premarket

PREMARKET WORLD NEWS

Jun E-mini S&Ps (ESM16 -0.78%) are down -0.75% and European stocks are down -1.63%, both at 1-week lows, as global stocks slid after the BOJ refrained from expanding stimulus measures. Global government bond prices moved higher and the dollar index tumbled to a 2-week low. Stocks moved off of their worst levels on an increase in M&A activity after Abbott Laboratories agreed to buy St. Jude Medical for about $ 25 billion. Asian stocks settled mostly lower: Japan -3.61%, Hong Kong +0.12%, China -0.27%, Taiwan -1.04%, Australia +0.73%, Singapore -0.43%, South Korea -0.97%, India -1.77%.

The dollar index (DXY00 -0.55%) is down -0.58% at a 2-week low. EUR/USD (^EURUSD) is up +0.21%. USD/JPY (^USDJPY) is down sharply by 3.01% at a 1-week low.

Jun T-note prices (ZNM16 +0.16%) are up +5.5 ticks at a 1-week high.

The BOJ unexpectedly maintained their 80 trillion-yen target for expanding the monetary base, kept the -0.1% negative rate on a portion of the cash that banks keep at the BOJ, and postponed their time frame for reaching a 2.0% inflation target to sometime in fiscal 2017, the fourth delay in a year. BOJ Governor Kuroda said that the BOJ needs time to gauge the impact of its negative-rate policy program.

Eurozone Apr economic confidence rose +0.9 to 103.9, stronger than expectations of +0.4 to 103.4.

The Japan Mar national CPI fell -0.1% y/y, weaker than expectations of 0.0% and the lowest in 2-3/4 years.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) weekly initial unemployment claims (expected +12,000 to 259,000, previous -6,000 to 247,000) and continuing claims (expected unch at 2.137 million, previous -29,000 to 2.137 million), (2) Q1 GDP (expected +0.6%, Q4 +1.4%), (3) Kansas City Fed manufacturing activity (Mar +6 to -6), and (4) the Treasury’s auction of $ 15 billion of 2-year floating rate notes and $ 28 billion of 7-year T-notes.

There are 63 of the S&P 500 companies that report earnings today with notable reports including: Amazon.com (consensus $ 0.57), MasterCard ($ 0.85), UPS (1.22), Coca-Cola (0.40), ConocoPhillips (-1.05), Waste Management (0.55), CME Group (1.15), Abbvie (1.13), Ford (0.48), Amgen (2.59).

U.S. IPO’s scheduled to price today: none.

Equity conferences this week include: none.

PREMARKET U.S. STOCKS

O’Reilly Automotive (ORLY +0.19%) fell over 3% in after-hours trading after it reported Q1 EPS of $ 2.59, better than consensus of $ 2.49, but said its sees Q2 EPS of $ 2.54-$ 2.64, below consensus of $ 2.77.

Facebook (FB +0.12%) jumped over 8% in pre-market trading after it reported Q1 adjusted EPS of 77 cents, well above consensus of 63 cents.

PayPal Holdings (PYPL +0.70%) rose nearly 2% in after-hours trading after it reported Q1 net revenue of $ 2.54 billion, higher than consensus of $ 2.50 billion.

Marriott International (MAR +2.51%) gained almost 2% in after-hours trading after it reported Q1 adjusted EPS of 87 cents, better than consensus of 84 cents.

Rent-A-Center (RCII +1.35%) dropped nearly 5% in after-hours trading after it reported Q1 revenue of $ 835.7 million, weaker than consensus of $ 851.2 million, and said Q1 consolidated same store sales fell -2.5%, weaker than consensus of a +0.4% gain.

Dolby Laboratories (DLB -0.42%) climbed 7% in after-hours trading after it reported Q2 adjusted EPS of 82 cents, well above consensus of 61 cents.

First Solar (FSLR +1.29%) dropped over 6% in after-hours trading after CEO Jim Hughes stepped down.

Xilinx (XLNX +0.85%) slid over 2% in after-hours trading after it forecast “low” single-digit growth in EPS for fiscal year 2017, below consensus of 9% growth.

MicroStrategy (MSTR +0.07%) fell over 8% in after-hours trading after it reported Q1 EPS of $ 1.24, well below consensus of $ 2.06.

Callaway Golf (ELY -0.85%) rose nearly 3% in after-hours trading after it reported Q1 non-GAAP EPS of 48 cents, above consensus of 37 cents.

On Assignment (ASGN -6.99%) climbed 8% in after-hours trading after it reported Q1 adjusted EPS continuing operations of 66 cents, higher than consensus of 60 cents, and said it sees Q2 revenue of $ 592 million-$ 602 million, above consensus of $ 588.6 million.

Synergy Pharmaceuticals (SGYP -0.83%) dropped nearly 4% in after-hours trading after CFO Gary Sender resigned for personal reasons, effective April 30.

RingCentral (RNG +1.56%) gained over 7% in after-hours trading after it reported Q1 adjusted EPS of 1 cent, higher than consensus of breakeven.

OSI Systems (OSIS -2.79%) tumbled nearly 10% in after-hours trading after it reported Q3 adjusted EPS of 64 cents, below consensus of 67 cents, and then said it sees Q4 adjusted EPS of 45 cents-70 cents, weaker than consensus of $ 1.38.

Silicon Graphics International (SGI +0.29%) slumped over 17% in after-hours trading after it lowered guidance on fiscal year EPS to 3 cents from a prior view of 25 cents-35 cents, well below consensus of 23 cents.

Aeterna Zentaris (AEZS -2.40%) jumped over 10% in after-hours trading after it said it acquired the exclusive right to promote the Apifiny prostate cancer blood test in the U.S. under a co-marketing pact with Armune BioScience.

MARKET COMMENTS

June E-mini S&Ps (ESM16 -0.78%) this morning are down -15.75 points (-0.75%) at a 1-week low. Wednesday’s closes: S&P 500 +0.17%, Dow Jones +0.28%, Nasdaq -0.82%. The S&P 500 on Wednesday closed higher on the +1.4% m/m and +2.9% y/y increase in U.S. Mar pending home sales (stronger than expectations of +0.5% m/m and +0.8% y/y) and on the FOMC’s post-meeting statement in which policy makers reiterated that they will raise interest rates at a “gradual” pace. Stocks were undercut by weakness in technology stocks after Apple tumbled by more than -6% when it forecast below-consensus Q3 revenue due to waning demand for its iPhone.

June 10-year T-note prices (ZNM16 +0.16%) this morning are up +5.5 ticks at a 1-week high. Wednesday’s closes: TYM6 +19.50, FVM6 +9.75. Jun T-notes on Wednesday closed higher on increased safe-haven demand with the sell-off in stocks and on the Fed’s reiteration that rate hikes will be “gradual.”

The dollar index (DXY00 -0.55%) this morning is down -0.546 (-0.58%) at a 2-week low. EUR/USD (^EURUSD) is up +0.0024 (+0.21%). USD/JPY (^USDJPY) is down -3.36 (-3.01%) at a 1-week low. Wednesday’s closes: Dollar Index -0.186 (-0.20%), EUR/USD +0.0025 (+0.22%), USD/JPY +0.15 (+0.13%). The dollar index on Wednesday closed lower on the Fed’s assurance that any rate hikes will be “gradual” and on strength in EUR/USD after German May GfK consumer confidence unexpectedly rose to an 8-month high.

June WTI crude oil (CLM16 -0.42%) this morning is down -2 cents (-0.04%). June gasoline (RBM16 -1.12%) is down -0.0154 (-0.97%). Wednesday’s closes: CLM6 +1.29 (+2.93%), RBM6 +0.0193 (+1.97%). Jun crude and gasoline on Wednesday closed higher with Jun crude at a 5-3/4 month high and Jun gasoline at a 4-1/2 month high. Crude oil prices were boosted by a weaker dollar and by the -0.2% fall in U.S. crude production in the week of Apr 22 to 8.938 million bpd, a 1-1/2 year low. Crude oil prices were undercut by the +1.75 million bbl increase in crude supplies at Cushing and by the unexpected +1.61 million bbl build in EIA gasoline stockpiles, more than expectations for a -1.0 million bbl decline.

GLOBAL EVENT CALENDAR04/28/2016
US0830 ETWeekly initial unemployment claims expected +12,000 to 259,000, previous -6,000 to 247,000. Weekly continuing claims expected unch at 2.137 million, previous -29,000 to 2.137 million.
0830 ETQ1 GDP expected +0.6% (q/q annualized), Q4 +1.4% (q/q annualized). Q1 personal consumption expected +1.7%, Q4 +2.4%. Q1 GDP price index expected +0.6%, Q4 +0.9%. Q1 core PCE deflator expected +1.9% q/q, Q4 +1.3% q/q.
0830 ETUSDA weekly Export Sales.
1100 ETApr Kansas City Fed manufacturing activity, Mar +6 to -6.
1130 ETTreasury auctions $ 15 billion of 2-year floating rate notes.
1300 ETTreasury auctions $ 28 billion of 7-year T-notes.
JPN0000 ETJapan Mar vehicle production, Feb -6.9% y/y.
0100 ETJapan Mar housing starts expected -0.6% y/y to 905,000 annualized, Feb +7.8% y/y to 974,000 annualized.
0100 ETJapan Mar construction orders, Feb -12.4% y/y.
n/aBOJ announces interest rate decision.
UK0200 ETUK Apr nationwide house prices expected +0.4% m/m and +5.0% y/y, Mar +0.8% m/m and +5.7% y/y.
1901 ETUK Apr Lloyds business barometer, Mar 43.
1905 ETUK GfK consumer confidence expected -1 to -1, Mar 0.
GER0355 ETGerman Apr unemployment change expected unch, Mar unch. Apr unemployment rate expected unch at 6.2%.
0800 ETGerman Apr CPI (EU harmonized) expected -0.2% m/m and unch y/y, Mar +0.8% m/m and +0.1% y/y.
EUR0500 ETEurozone Apr economic confidence expected +0.4 to 103.4, Mar 103.0. Apr business climate indicator expected +0.03 to 0.14, Mar 0.11.
0500 ETRevised Eurozone Apr consumer confidence, preliminary +0.4 to -9.3.
U.S. STOCK CALENDAR04/28/2016
CompanyTickerTimeEvent DescriptionPeriodEstimate
Delphi Automotive PLCDLPH US4:00Annual General MeetingY 2016
Air Products & Chemicals IncAPD USBef-mktQ2 2016 Earnings ReleaseQ2 20161.805
Automatic Data Processing IncADP USBef-mktQ3 2016 Earnings ReleaseQ3 20161.176
Ball CorpBLL USBef-mktQ1 2016 Earnings ReleaseQ1 20160.687
Bristol-Myers Squibb CoBMY USBef-mktQ1 2016 Earnings ReleaseQ1 20160.653
CMS Energy CorpCMS USBef-mktQ1 2016 Earnings ReleaseQ1 20160.585
Coca-Cola Enterprises IncCCE USBef-mktQ1 2016 Earnings ReleaseQ1 20160.399
Dow Chemical Co/TheDOW USBef-mktQ1 2016 Earnings ReleaseQ1 20160.824
EQT CorpEQT USBef-mktQ1 2016 Earnings ReleaseQ1 2016-0.04
NextEra Energy IncNEE USBef-mktQ1 2016 Earnings ReleaseQ1 20161.399
Marsh & McLennan Cos IncMMC USBef-mktQ1 2016 Earnings ReleaseQ1 20160.883
PPL CorpPPL USBef-mktQ1 2016 Earnings ReleaseQ1 20160.743
ConocoPhillipsCOP USBef-mktQ1 2016 Earnings ReleaseQ1 2016-1.046
SCANA CorpSCG USBef-mktQ1 2016 Earnings ReleaseQ1 20161.34
Thermo Fisher Scientific IncTMO USBef-mktQ1 2016 Earnings ReleaseQ1 20161.742
Cardinal Health IncCAH USBef-mktQ3 2016 Earnings ReleaseQ3 20161.325
Celgene CorpCELG USBef-mktQ1 2016 Earnings ReleaseQ1 20161.275
Waste Management IncWM USBef-mktQ1 2016 Earnings ReleaseQ1 20160.551
BorgWarner IncBWA USBef-mktQ1 2016 Earnings ReleaseQ1 20160.782
Level 3 Communications IncLVLT USBef-mktQ1 2016 Earnings ReleaseQ1 20160.427
Alexion Pharmaceuticals IncALXN USBef-mktQ1 2016 Earnings ReleaseQ1 20161.135
Iron Mountain IncIRM USBef-mktQ1 2016 Earnings ReleaseQ1 20160.477
National Oilwell Varco IncNOV USBef-mktQ1 2016 Earnings ReleaseQ1 2016-0.118
AMETEK IncAME USBef-mktQ1 2016 Earnings ReleaseQ1 20160.572
CME Group Inc/ILCME USBef-mktQ1 2016 Earnings ReleaseQ1 20161.153
Time Warner Cable IncTWC USBef-mktQ1 2016 Earnings ReleaseQ1 20161.744
MasterCard IncMA USBef-mktQ1 2016 Earnings ReleaseQ1 20160.85
Mead Johnson Nutrition CoMJN USBef-mktQ1 2016 Earnings ReleaseQ1 20160.836
Marathon Petroleum CorpMPC USBef-mktQ1 2016 Earnings ReleaseQ1 20160.153
AbbVie IncABBV USBef-mktQ1 2016 Earnings ReleaseQ1 20161.133
Allegion PLCALLE USBef-mktQ1 2016 Earnings ReleaseQ1 20160.644
Baxalta IncBXLT USBef-mktQ1 2016 Earnings ReleaseQ1 20160.454
Aetna IncAET US6:00Q1 2016 Earnings ReleaseQ1 20162.232
American Electric Power Co IncAEP US6:58Q1 2016 Earnings ReleaseQ1 20161.04
CBRE Group IncCBG US6:59Q1 2016 Earnings ReleaseQ1 20160.347
Ford Motor CoF US7:00Q1 2016 Earnings ReleaseQ1 20160.476
Altria Group IncMO US7:00Q1 2016 Earnings ReleaseQ1 20160.684
Raytheon CoRTN US7:00Q1 2016 Earnings ReleaseQ1 20161.381
Invesco LtdIVZ US7:00Q1 2016 Earnings ReleaseQ1 20160.542
Sealed Air CorpSEE US7:30Q1 2016 Earnings ReleaseQ1 20160.475
Zimmer Biomet Holdings IncZBH US7:30Q1 2016 Earnings ReleaseQ1 20161.931
United Parcel Service IncUPS US7:45Q1 2016 Earnings ReleaseQ1 20161.219
Harman International Industries IncHAR US8:00Q3 2016 Earnings ReleaseQ3 20161.415
Lockheed Martin CorpLMT US8:00Annual General Meeting
Zimmer Biomet Holdings IncZBH US8:00Q1 2016 Earnings CallQ1 2016
CBRE Group IncCBG US8:00Q1 2016 Earnings CallQ1 2016
Viacom IncVIAB US8:00Q2 2016 Earnings ReleaseQ2 20160.724
Automatic Data Processing IncADP US8:30Q3 2016 Earnings CallQ3 2016
CMS Energy CorpCMS US8:30Q1 2016 Earnings CallQ1 2016
Equifax IncEFX US8:30Q1 2016 Earnings CallQ1 2016
Marsh & McLennan Cos IncMMC US8:30Q1 2016 Earnings CallQ1 2016
PPL CorpPPL US8:30Q1 2016 Earnings CallQ1 2016
Pfizer IncPFE US8:30Annual General MeetingY 2016
Thermo Fisher Scientific IncTMO US8:30Q1 2016 Earnings CallQ1 2016
Cardinal Health IncCAH US8:30Q3 2016 Earnings CallQ3 2016
United Parcel Service IncUPS US8:30Q1 2016 Earnings CallQ1 2016
Iron Mountain IncIRM US8:30Q1 2016 Earnings CallQ1 2016
AMETEK IncAME US8:30Q1 2016 Earnings CallQ1 2016
Aetna IncAET US8:30Q1 2016 Earnings CallQ1 2016
CME Group Inc/ILCME US8:30Q1 2016 Earnings CallQ1 2016
Time Warner Cable IncTWC US8:30Q1 2016 Earnings CallQ1 2016
Viacom IncVIAB US8:30Q2 2016 Earnings CallQ2 2016
Allegion PLCALLE US8:30Q1 2016 Earnings CallQ1 2016
American Electric Power Co IncAEP US9:00Q1 2016 Earnings CallQ1 2016
Dow Chemical Co/TheDOW US9:00Q1 2016 Earnings CallQ1 2016
Ford Motor CoF US9:00Q1 2016 Earnings CallQ1 2016
NextEra Energy IncNEE US9:00Q1 2016 Earnings CallQ1 2016
Raytheon CoRTN US9:00Q1 2016 Earnings CallQ1 2016
SCANA CorpSCG US9:00Annual General Meeting
Universal Health Services IncUHS US9:00Q1 2016 Earnings CallQ1 2016
Celgene CorpCELG US9:00Q1 2016 Earnings CallQ1 2016
Invesco LtdIVZ US9:00Q1 2016 Earnings CallQ1 2016
National Oilwell Varco IncNOV US9:00Q1 2016 Earnings CallQ1 2016
Citizens Financial Group IncCFG US9:00Annual General Meeting
Ameriprise Financial IncAMP US9:00Q1 2016 Earnings CallQ1 2016
MasterCard IncMA US9:00Q1 2016 Earnings CallQ1 2016
NRG Energy IncNRG US9:00Annual General Meeting
Hanesbrands IncHBI US9:00Acquisition of Pacific Brands Limited by Hanesbrands, Inc. Call
Marathon Petroleum CorpMPC US9:00Q1 2016 Earnings CallQ1 2016
AbbVie IncABBV US9:00Q1 2016 Earnings CallQ1 2016
Colgate-Palmolive CoCL US9:30Q1 2016 Earnings ReleaseQ1 20160.629
BorgWarner IncBWA US9:30Q1 2016 Earnings CallQ1 2016
Mead Johnson Nutrition CoMJN US9:30Q1 2016 Earnings CallQ1 2016
Air Products & Chemicals IncAPD US10:00Q2 2016 Earnings CallQ2 2016
Coca-Cola Enterprises IncCCE US10:00Q1 2016 Earnings CallQ1 2016
CenterPoint Energy IncCNP US10:00Annual General MeetingY 2016
Johnson & JohnsonJNJ US10:00Annual General MeetingY 2016
Altria Group IncMO US10:00Q1 2016 Earnings CallQ1 2016
Total System Services IncTSS US10:00Annual General Meeting
Unum GroupUNM US10:00Q1 2016 Earnings CallQ1 2016
Waste Management IncWM US10:00Q1 2016 Earnings CallQ1 2016
Level 3 Communications IncLVLT US10:00Q1 2016 Earnings CallQ1 2016
Alexion Pharmaceuticals IncALXN US10:00Q1 2016 Earnings CallQ1 2016
Marriott International Inc/MDMAR US10:00Q1 2016 Earnings CallQ1 2016
Sealed Air CorpSEE US10:00Q1 2016 Earnings CallQ1 2016
Under Armour IncUA US10:00Annual General Meeting
Bristol-Myers Squibb CoBMY US10:30Q1 2016 Earnings CallQ1 2016
EQT CorpEQT US10:30Q1 2016 Earnings CallQ1 2016
Ball CorpBLL US11:00Q1 2016 Earnings CallQ1 2016
Colgate-Palmolive CoCL US11:00Q1 2016 Earnings CallQ1 2016
Corning IncGLW US11:00Annual General MeetingY 2016
Ford Motor CoF US11:00Q1 2016 Earnings Call – Fixed IncomeC1 2016
Harman International Industries IncHAR US11:00Q3 2016 Earnings CallQ3 2016
Kimco Realty CorpKIM US11:00Q1 2016 Earnings CallQ1 2016
Snap-on IncSNA US11:00Annual General MeetingY 2016
O’Reilly Automotive IncORLY US11:00Q1 2016 Earnings CallQ1 2016
Ameren CorpAEE US11:30Annual General MeetingY 2016
ConocoPhillipsCOP US12:00Q1 2016 Earnings CallQ1 2016
Edison InternationalEIX US12:00Annual General MeetingY 2016
HCP IncHCP US12:30Annual General Meeting
AvalonBay Communities IncAVB US13:00Q1 2016 Earnings CallQ1 2016
SCANA CorpSCG US15:00Q1 2016 Earnings CallQ1 2016
HCA Holdings IncHCA US15:00Annual General MeetingY 2016
VeriSign IncVRSN US16:05Q1 2016 Earnings ReleaseQ1 20160.831
Principal Financial Group IncPFG US16:15Q1 2016 Earnings ReleaseQ1 20160.993
Avery Dennison CorpAVY US16:30Annual General MeetingY 2016
Gilead Sciences IncGILD US16:30Q1 2016 Earnings CallQ1 2016
Eastman Chemical CoEMN US16:30Q1 2016 Earnings ReleaseQ1 20161.531
VeriSign IncVRSN US16:30Q1 2016 Earnings CallQ1 2016
Expedia IncEXPE US16:30Q1 2016 Earnings CallQ1 2016
Western Digital CorpWDC US17:00Q3 2016 Earnings CallQ3 2016
Skyworks Solutions IncSWKS US17:00Q2 2016 Earnings CallQ2 2016
Stericycle IncSRCL US17:00Q1 2016 Earnings CallQ1 2016
Amazon.com IncAMZN US17:00Q1 2016 Earnings CallQ1 2016
Republic Services IncRSG US17:00Q1 2016 Earnings CallQ1 2016
Juniper Networks IncJNPR US17:00Q1 2016 Earnings CallQ1 2016
Leggett & Platt IncLEG USAft-mktQ1 2016 Earnings ReleaseQ1 20160.55
Western Digital CorpWDC USAft-mktQ3 2016 Earnings ReleaseQ3 20161.276
Amgen IncAMGN USAft-mktQ1 2016 Earnings ReleaseQ1 20162.594
Skyworks Solutions IncSWKS USAft-mktQ2 2016 Earnings ReleaseQ2 20161.244
Flowserve CorpFLS USAft-mktQ1 2016 Earnings ReleaseQ1 20160.423
Gilead Sciences IncGILD USAft-mktQ1 2016 Earnings ReleaseQ1 20163.148
Range Resources CorpRRC USAft-mktQ1 2016 Earnings ReleaseQ1 2016-0.19
Essex Property Trust IncESS USAft-mktQ1 2016 Earnings ReleaseQ1 20162.631
Apartment Investment & Management CoAIV USAft-mktQ1 2016 Earnings ReleaseQ1 20160.548
Hartford Financial Services Group Inc/TheHIG USAft-mktQ1 2016 Earnings ReleaseQ1 20161.013
Stericycle IncSRCL USAft-mktQ1 2016 Earnings ReleaseQ1 20161.143
Amazon.com IncAMZN USAft-mktQ1 2016 Earnings ReleaseQ1 20160.568
Republic Services IncRSG USAft-mktQ1 2016 Earnings ReleaseQ1 20160.474
Juniper Networks IncJNPR USAft-mktQ1 2016 Earnings ReleaseQ1 20160.38
Expedia IncEXPE USAft-mktQ1 2016 Earnings ReleaseQ1 2016-0.055
Amgen IncAMGN US17:30Q1 2016 Earnings CallQ1 2016
Martin Marietta Materials IncMLM USQ1 2016 Earnings ReleaseQ1 20160.353
Under Armour IncUA USAnnual General Meeting
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