US : Pre Market News – 27 Apr 2017

Thu Apr 27 2017
Nikki Bailey (1364 articles)

PREMARKET WORLD NEWS

Jun E-mini S&Ps (ESM17 +0.17%) this morning are little changed, up +0.06%, after Preisident Trump ruled out a withdrawal from NAFTA. European stocks are down -0.40% ahead of today’s ECB meeting and press conference from ECB President Draghi that may provide clues as to when thee ECB may begin to exit from its QE program. Weakness in crude oil prices undercut energy producing stocks fell with Jun WTI crude oil (CLM17 -1.09%) down -0.97%. A 3% fall in Deutsche Bank is leading losses in European bank stocks after the Deutsche Bank’s debt and equity trading missed estimates for Q1. Losses in European stocks were contained after Eurozone Apr economic confidence rose to a 9-1/2 year high. Asian stocks settled mixed: Japan -0.19%, Hong Kong +0.49%, China +0.36%, Taiwan +.04%, Australia +0.16%, Singapore -0.08%, South Korea +0.20%, India -0.34%. China’s Shanghai Composite recovered from a 3-month low and closed higher after China Mar industrial profits posted their biggest increase in 3-1/2 years.

The dollar index (DXY00 -0.05%) is down -0.05%. EUR/USD (^EURUSD) is down -0.05%. USD/JPY (^USDJPY) is up +0.23%.

Jun 10-year T-note prices (ZNM17 -0.01%) are down -0.5 of a tick.

The BOJ, as expected, kept its stimulus policies unchanged, but lowered its inflation projection for the fiscal year that starts this month to 1.4% from 1.5%, and raised its GDP forecast to 1.6% from 1.5%. BOJ Governor Kuroda said that CPI probably won’t stabilize above 2% until after fiscal 2018 and that it’s premature to discuss an exit from its easing policies. He said the 2% inflation target must be met first and then the BOJ will communicate properly about an exit when that time comes.

China Mar industrial profits surged +23.8% y/y, the largest increase in 3-1/2 years.

Eurozone Apr economic confidence rose +1.6 to 109.6, stronger than expectations of +0.3 to 108.2 and a 9-1/2 year high.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) weekly initial unemployment claims (expected +1,000 to 245,000, previous +10,000 to 244,000) and continuing claims (expected +31,000 to 2.010 million, previous -49,000 to 1.979 million), (2) Mar durable goods orders (expected +1.3% and +0.4% ex transportation, Feb +1.8% and +0.5% ex transportation), (3) Mar wholesale inventories (expected +0.3% m/m, Feb +0.4% m/m), (4) Mar pending home sales (expected -0.5% m/m, Feb +5.5% m/m and -2.4% y/y), (5) Apr Kansas City Fed manufacturing activity index (expected -3 to 17, Mar +6 to 20), (6) Treasury auctions $ 28 billion of 7-year T-notes, (7) USDA weekly Export Sales.

Notable S&P 500 earnings reports today include: Alphabet (consensus $ 7.41), Amazon (1.08), Microsoft (0.70), Starbucks (0.45), UPS (1.29), Marathon Petroleum (-0.05), International Paper (0.56), CME Group (1.20), American Airlines (0.57), AbbVie (1.26), Southwest Airlines (0.63), Dow Chemical (0.99), Under Armour (-0.04), Bristol-Meyers Squibb (0.73), Comcast (0.44), Ford (0.34), Raytheon (1.60), Expedia (0.06), Intel (0.65).

U.S. IPO’s scheduled to price today: Zymeworks (ZYME), Cloudera (CLDR), Emerald Expositions Events (EEX), Carvana (CVNA), NCS Multistage Holdings (NCSM).

Equity conferences: Capital Link’s Closed-End Funds & Global ETFs Forum on Thu, Burkenroad Reports l Investment Conference on Fri.

 

PREMARKET U.S. STOCKS

McDonald’s (MCD -0.61%) was upgraded to ‘Buy’ from ‘Hold’ at Argus with a price target of $ 158.

O’Reilly Automotive (ORLY +0.42%) fell 2% in after-hours trading after it reported Q1 sales of $ 2.16 billion, below consensus of $ 2.22 billion.

Buffalo Wild Wings (BWLD -0.25%) slid nearly 3% in after-hours trading after it reported Q1 EPS of $ 1.25, below consensus of $ 1.69.

Graco (GGG +1.47%) rallied 5% in after-hours trading after it reported Q1 net sales of $ 340.6 million, better than consensus of $ 315.1 million.

F5 Networks (FFIV -0.64%) dropped nearly 8% in after-hours trading after it reported Q2 net revenue of $ 518.2 million, weaker than consensus of $ 523.1 million.

ServiceNow (NOW +0.75%) climbed almost 5% in after-hours trading after it reported Q1 adjusted EPS of 24 cents, well above consensus of 17 cents.

Xilinx (XLNX -1.15%) gained over 4% in after-hours trading after it reported Q4 EPS of 57 cents, better than consensus of 54 cents.

Citrix Systems (CTXS +0.08%) lost nearly 5% in after-hours trading after it reported Q1 net revenue of $ 662.7 million, below consensus of $ 664.3 million, and said it sees Q2 revenue of $ 685 million-$ 695 million, weaker than consensus of $ 695.3 million.

PayPal Holdings (PYPL -0.67%) rose over 5% in pre-market trading after it raised guidance on 2017 adjusted EPS to $ 1.74-$ 1.79 from a prior view of $ 1.69-$ 1.74.

Ethan Allen Interiors (ETH +0.48%) fell 4% in after-hours trading after it reported Q3 adjusted EPS of 23 cents, below consensus of 27 cents.

Netgear (NTGR -2.93%) lost 5% in after-hours trading after it reported its Q2 adjusted operating margin was 8%-9%, weaker than consensus of 11%.

Mellanox Technologies Ltd (MLNX -0.10%) slumped over 10% in after-hours trading after it reported Q1 adjusted EPS of 29 cents, well below consensus of 49 cents.

H&R Block (HRB -1.44%) gained almost 3% in after-hours trading after it said total tax return volume fell -0.1% through Apr 21 compared with the IRS reported decline of -0.3%.

CryoLife (CRY +3.08%) rallied nearly 7% in after-hours trading after it reported Q1 adjusted EPS of 9 cents, much stronger than consensus of 4 cents.

Ultra Clean Holdings (UCTT -1.13%) jumped 10% in after-hours trading after it reported Q1 adjusted EPS of 47 cents, above consensus of 42 cents, and then forecast Q2 adjusted EPS of 49 cents-55 cents, higher than consensus of 36 cents.

American Superconductor (AMSC +4.05%) plunged over 40% in after-hours trading after it reported preliminary Q4 revenue of $ 15 million-$ !6 million, well below its prior view of $ 22 million-$ 26 million on Inox “dislocation.”

MARKET COMMENTS

Jun E-mini S&Ps (ESM17 +0.17%) this morning are up +1.50 points (+0.06%). Wednesday’s closes: S&P 500 -0.05%, Dow Jones -0.10%, Nasdaq -0.13%. The S&P 500 fell back from a 1-3/4 month high and settled lower on a lack of details from Treasury Secretary Mnuchin about the administration’s tax plan and how it would be paid for. There were also global growth concerns after Politico reported that President Trump may issue an executive order to withdraw the U.S. from NAFTA.

Jun 10-year T-notes (ZNM17 -0.01%) this morning are down -0.05 of a tick. Wednesday’s closes: TYM7 +5.00, FVM7 +2.50. Jun 10-year T-notes on Wednesday closed higher on the retreat in stock prices which closed lower after Treasury Secretary Mnuchin failed to provide specifics on President Trump’s tax plan. T-note prices were undercut by weak demand for the Treasury’s $ 34 billion 5-year T-note auction that had a bid-to-cover ratio of 2.34, weaker than the 12-auction average of 2.43.

The dollar index (DXY00 -0.05%) this morning is down -0.049 (-0.05%). EUR/USD (^EURUSD) is down -0.0005 (-0.05%) and USD/JPY (^USDJPY) is up +0.26 (+0.23%). Wednesday’s closes: Dollar index +0.26 (+0.26%), EUR/USD -0.0022 (-0.20%), USD/JPY -0.03 (-0.03%). The dollar index on Wednesday closed higher on Treasury Secretary Mnuchin’s claim that that the Trump administration’s proposal to cut the corporate tax rate to 15% should help boost U.S. GDP to 3%. There was also weakness in EUR/USD on long liquidation ahead of Thursday’s ECB meeting.

Jun WTI crude oil prices (CLM17 -1.09%) this morning are down -48 cents (-0.97%) and Jun gasoline (RBM17 -1.82%) is -0.0287 (-1.80%). Wednesday’s closes: Jun crude +0.06 (+0.12%), Jun gasoline -0.0317 (-1.95%). Jun crude oil and gasoline on Wednesday settled mixed with Jun gasoline at a 1-1/4 month low. Crude oil prices were undercut by the +0.1% increase in U.S. crude production in the week of Apr 21 to 9.265 million bpd, a 1-1/2 year high, and the +3.37 million bbl increase in EIA gasoline supplies (well above expectations of +500,000 bbl). Crude oil found support on the -3.64 million bbl decline in EIA crude inventories (vs expectations -1.75 million bbl) and the unexpected +1.2 increase in U.S. refinery utilization to 94.1% of capacity, more than expectations of a -0.4 point decline and the fastest pace in 17-months, which should reduce crude inventories in the weeks ahead with the ramped-up production.

 

GLOBAL EVENT CALENDAR 04/27/2017
Thursday, Apr 27
US0830 ETWeekly initial unemployment claims expected +1,000 to 245,000, previous +10,000 to 244,000. Weekly continuing claims expected +28,000 to 2.007 million, previous -49,000 to 1.979 million.
0830 ETMar durable goods orders expected +1.3% and +0.4% ex transportation, Feb +1.8% and +0.5% ex transportation. Mar capital goods new orders non-defense ex aircraft & parts expected +0.5%, Feb -0.1%.
0830 ETMar wholesale inventories expected +0.3% m/m, Feb +0.4% m/m. Mar retail inventories, Feb +0.4% m/m.
0830 ETUSDA weekly Export Sales.
1000 ETMar pending home sales expected -1.0% m/m, Feb +5.5% m/m and -2.4% y/y.
1100 ETApr Kansas City Fed manufacturing activity expected -3 to 17, Mar +6 to 20.
1300 ETTreasury auctions $ 28 billion 7-year T-notes.
Friday, Apr 28
US0830 ETQ1 GDP expected +1.0% (q/q annualized), Q4 +2.1%. Q1 personal consumption expected +0.9%, Q4 +3.5%. Q1 GDP price index expected +2.0%, Q4 +2.1%. Q1 core PCE expected +2.0%, Q4 +1.3%.
0830 ETQ1 employment cost index expected +0.6%, Q4 +0.5%.
0945 ETApr Chicago PMI expected -1.2 to 56.4, Mar +0.3 to 57.7.
1000 ETFinal-Apr University of Michigan U.S. consumer sentiment index expected unch at 98.0, prelim-Apr +1.1 to 98.0.
1430 ETPhiladelphia Fed President Patrick Harker (voter) speaks at an event in Washington on How STEM Can Get You Anywhere.
U.S. STOCK CALENDAR 04/27/2017
CompanyTickerTimeEvent DescriptionPeriodEstimate
Simon Property Group IncSPG USBef-mktQ1 2017 Earnings ReleaseQ1 172.765
Allegion PLCALLE USBef-mktQ1 2017 Earnings ReleaseQ1 170.691
Air Products & Chemicals IncAPD USBef-mktQ2 2017 Earnings ReleaseQ2 171.378
L3 Technologies IncLLL USBef-mktQ1 2017 Earnings ReleaseQ1 171.809
Marsh & McLennan Cos IncMMC USBef-mktQ1 2017 Earnings ReleaseQ1 170.98
Iron Mountain IncIRM US06:00Q1 2017 Earnings ReleaseQ1 170.50
Marathon Petroleum CorpMPC USBef-mktQ1 2017 Earnings ReleaseQ1 17(0.048)
National Oilwell Varco IncNOV USBef-mktQ1 2017 Earnings ReleaseQ1 17(0.202)
EQT CorpEQT USBef-mktQ1 2017 Earnings ReleaseQ1 170.475
LKQ CorpLKQ USBef-mktQ1 2017 Earnings ReleaseQ1 170.457
International Paper CoIP USBef-mktQ1 2017 Earnings ReleaseQ1 170.562
CME Group IncCME USBef-mktQ1 2017 Earnings ReleaseQ1 171.202
American Airlines Group IncAAL USBef-mktQ1 2017 Earnings ReleaseQ1 170.572
Xcel Energy IncXEL USBef-mktQ1 2017 Earnings ReleaseQ1 170.486
Teradata CorpTDC USBef-mktQ1 2017 Earnings ReleaseQ1 170.28
Helmerich & Payne IncHP USBef-mktQ2 2017 Earnings ReleaseQ2 17(0.407)
Alexion Pharmaceuticals IncALXN USBef-mktQ1 2017 Earnings ReleaseQ1 171.239
Praxair IncPX USBef-mktQ1 2017 Earnings ReleaseQ1 171.332
AbbVie IncABBV USBef-mktQ1 2017 Earnings ReleaseQ1 171.262
American Electric Power Co IncAEP US06:30Q1 2017 Earnings ReleaseQ1 170.952
Boston Scientific CorpBSX US06:30Q1 2017 Earnings ReleaseQ1 170.299
Southwest Airlines CoLUV US06:30Q1 2017 Earnings ReleaseQ1 170.628
BorgWarner IncBWA US06:30Q1 2017 Earnings ReleaseQ1 170.836
Dow Chemical Co/TheDOW US06:45Q1 2017 Earnings ReleaseQ1 170.985
Johnson Controls International plcJCI US06:55Q2 2017 Earnings ReleaseQ2 170.494
Invesco LtdIVZ US06:55Q1 2017 Earnings ReleaseQ1 170.558
Under Armour IncUAA US06:55Q1 2017 Earnings ReleaseQ1 17(0.038)
CBRE Group IncCBG US06:59Q1 2017 Earnings ReleaseQ1 170.331
Bristol-Myers Squibb CoBMY US07:00Q1 2017 Earnings ReleaseQ1 170.726
Comcast CorpCMCSA US07:00Q1 2017 Earnings ReleaseQ1 170.444
American Tower CorpAMT US07:00Q1 2017 Earnings ReleaseQ1 171.448
Ford Motor CoF US07:00Q1 2017 Earnings ReleaseQ1 170.344
Union Pacific CorpUNP US07:00Q1 2017 Earnings ReleaseQ1 171.232
Raytheon CoRTN US07:00Q1 2017 Earnings ReleaseQ1 171.597
Zimmer Biomet Holdings IncZBH US07:30Q1 2017 Earnings ReleaseQ1 172.111
Parker-Hannifin CorpPH US07:30Q3 2017 Earnings ReleaseQ3 171.833
SCANA CorpSCG US07:30Q1 2017 Earnings ReleaseQ1 171.31
Celgene CorpCELG US07:30Q1 2017 Earnings ReleaseQ1 171.631
United Parcel Service IncUPS US07:45Q1 2017 Earnings ReleaseQ1 171.286
Allegion PLCALLE US08:00Q1 2017 Earnings CallQ1 17
Lockheed Martin CorpLMT US08:00Annual General Meeting
Boston Scientific CorpBSX US08:00Q1 2017 Earnings CallQ1 17
Zimmer Biomet Holdings IncZBH US08:00Q1 2017 Earnings CallQ1 17
TechnipFMC PLCFTI US08:00Q1 2017 Earnings CallQ1 17
Raymond James Financial IncRJF US08:15Q2 2017 Earnings CallQ2 17
Marsh & McLennan Cos IncMMC US08:30Q1 2017 Earnings CallQ1 17
Iron Mountain IncIRM US08:30Q1 2017 Earnings CallQ1 17
Comcast CorpCMCSA US08:30Q1 2017 Earnings CallQ1 17
American Tower CorpAMT US08:30Q1 2017 Earnings CallQ1 17
CME Group IncCME US08:30Q1 2017 Earnings CallQ1 17
American Airlines Group IncAAL US08:30Q1 2017 Earnings CallQ1 17
Teradata CorpTDC US08:30Q1 2017 Earnings CallQ1 17
Under Armour IncUAA US08:30Q1 2017 Earnings CallQ1 17
CBRE Group IncCBG US08:30Q1 2017 Earnings CallQ1 17
Equifax IncEFX US08:30Q1 2017 Earnings CallQ1 17
United Parcel Service IncUPS US08:30Q1 2017 Earnings CallQ1 17
Union Pacific CorpUNP US08:45Q1 2017 Earnings CallQ1 17
Dow Chemical Co/TheDOW US09:00Q1 2017 Earnings CallQ1 17
NRG Energy IncNRG US09:00Annual General Meeting
American Electric Power Co IncAEP US09:00Q1 2017 Earnings CallQ1 17
Marathon Petroleum CorpMPC US09:00Q1 2017 Earnings CallQ1 17
National Oilwell Varco IncNOV US09:00Q1 2017 Earnings CallQ1 17
SCANA CorpSCG US09:00Annual General Meeting
Invesco LtdIVZ US09:00Q1 2017 Earnings CallQ1 17
Ford Motor CoF US09:00Q1 2017 Earnings CallQ1 17
Unum GroupUNM US09:00Q1 2017 Earnings CallQ1 17
Raytheon CoRTN US09:00Q1 2017 Earnings CallQ1 17
Citizens Financial Group IncCFG US09:00Annual General Meeting
AbbVie IncABBV US09:00Q1 2017 Earnings CallQ1 17
Pfizer IncPFE US09:00Annual General Meeting
Celgene CorpCELG US09:00Q1 2017 Earnings CallQ1 17
Simon Property Group IncSPG US10:00Q1 2017 Earnings CallQ1 17
Air Products & Chemicals IncAPD US10:00Q2 2017 Earnings CallQ2 17
CenterPoint Energy IncCNP US10:00Annual General Meeting
Johnson & JohnsonJNJ US10:00Annual General Meeting
LKQ CorpLKQ US10:00Q1 2017 Earnings CallQ1 17
International Paper CoIP US10:00Q1 2017 Earnings CallQ1 17
Xcel Energy IncXEL US10:00Q1 2017 Earnings CallQ1 17
Alexion Pharmaceuticals IncALXN US10:00Q1 2017 Earnings CallQ1 17
Total System Services IncTSS US10:00Annual General Meeting
Baker Hughes IncBHI US10:00Annual General Meeting
Kimco Realty CorpKIM US10:00Q1 2017 Earnings CallQ1 17
BorgWarner IncBWA US10:00Q1 2017 Earnings CallQ1 17
Mid-America Apartment Communities IncMAA US10:00Q1 2017 Earnings CallQ1 17
Bristol-Myers Squibb CoBMY US10:30Q1 2017 Earnings CallQ1 17
EQT CorpEQT US10:30Q1 2017 Earnings CallQ1 17
Regency Centers CorpREG US10:30Annual General Meeting
Johnson Controls International plcJCI US11:00Q2 2017 Earnings CallQ2 17
L3 Technologies IncLLL US11:00Q1 2017 Earnings CallQ1 17
O’Reilly Automotive IncORLY US11:00Q1 2017 Earnings CallQ1 17
Snap-on IncSNA US11:00Annual General Meeting
Parker-Hannifin CorpPH US11:00Q3 2017 Earnings CallQ3 17
Helmerich & Payne IncHP US11:00Q2 2017 Earnings CallQ2 17
Cincinnati Financial CorpCINF US11:00Q1 2017 Earnings CallQ1 17
Praxair IncPX US11:00Q1 2017 Earnings CallQ1 17
Torchmark CorpTMK US11:00Annual General Meeting
Corning IncGLW US11:00Annual General Meeting
Ameren CorpAEE US11:30Annual General Meeting
Mead Johnson Nutrition CoMJN USQ1 2017 Earnings ReleaseQ1 170.795
HCP IncHCP USAnnual General Meeting
Delphi Automotive PLCDLPH USAnnual General Meeting
Edison InternationalEIX US12:00Annual General Meeting
Delphi Automotive PLCDLPH USAnnual General Meeting
Delphi Automotive PLCDLPH USAnnual General Meeting
Southwest Airlines CoLUV US12:30Q1 2017 Earnings CallQ1 17
Extra Space Storage IncEXR US13:00Q1 2017 Earnings CallQ1 17
AvalonBay Communities IncAVB US13:00Q1 2017 Earnings CallQ1 17
Public StoragePSA US14:00Q1 2017 Earnings CallQ1 17
HCA Holdings IncHCA US15:00Annual General Meeting
EOG Resources IncEOG US15:00Annual General Meeting
SCANA CorpSCG US15:00Q1 2017 Earnings CallQ1 17
Republic Services IncRSG USAft-mktQ1 2017 Earnings ReleaseQ1 170.53
Digital Realty Trust IncDLR USAft-mktQ1 2017 Earnings ReleaseQ1 171.467
Essex Property Trust IncESS USAft-mktQ1 2017 Earnings ReleaseQ1 172.881
Cerner CorpCERN USAft-mktQ1 2017 Earnings ReleaseQ1 170.576
Western Digital CorpWDC USAft-mktQ3 2017 Earnings ReleaseQ3 172.143
Skyworks Solutions IncSWKS USAft-mktQ2 2017 Earnings ReleaseQ2 171.401
Vertex Pharmaceuticals IncVRTX USAft-mktQ1 2017 Earnings ReleaseQ1 170.308
Expedia IncEXPE USAft-mktQ1 2017 Earnings ReleaseQ1 170.057
Arthur J Gallagher & CoAJG USAft-mktQ1 2017 Earnings ReleaseQ1 170.388
Mohawk Industries IncMHK US16:00Q1 2017 Earnings ReleaseQ1 172.718
FirstEnergy CorpFE USAft-mktQ1 2017 Earnings ReleaseQ1 170.714
Fortive CorpFTV USAft-mktQ1 2017 Earnings ReleaseQ1 170.572
Macerich Co/TheMAC USAft-mktQ1 2017 Earnings ReleaseQ1 170.849
Intel CorpINTC US16:00Q1 2017 Earnings ReleaseQ1 170.649
Leggett & Platt IncLEG USAft-mktQ1 2017 Earnings ReleaseQ1 170.59
Alphabet IncGOOGL USAft-mktQ1 2017 Earnings ReleaseQ1 177.412
Hartford Financial Services Group Inc/TheHIG USAft-mktQ1 2017 Earnings ReleaseQ1 171.007
Amazon.com IncAMZN US16:01Q1 2017 Earnings ReleaseQ1 171.078
Starbucks CorpSBUX US16:04Q2 2017 Earnings ReleaseQ2 170.448
VeriSign IncVRSN US16:05Q1 2017 Earnings ReleaseQ1 170.942
Microsoft CorpMSFT US16:09Q3 2017 Earnings ReleaseQ3 170.699
Principal Financial Group IncPFG US16:15Q1 2017 Earnings ReleaseQ1 171.177
KLA-Tencor CorpKLAC US16:15Q3 2017 Earnings ReleaseQ3 171.552
Aflac IncAFL US16:15Q1 2017 Earnings ReleaseQ1 171.624
Apartment Investment & Management CoAIV US16:15Q1 2017 Earnings ReleaseQ1 170.58
Cerner CorpCERN US16:30Q1 2017 Earnings CallQ1 17
Vertex Pharmaceuticals IncVRTX US16:30Q1 2017 Earnings CallQ1 17
Expedia IncEXPE US16:30Q1 2017 Earnings CallQ1 17
Eastman Chemical CoEMN US16:30Q1 2017 Earnings ReleaseQ1 171.761
Avery Dennison CorpAVY US16:30Annual General Meeting
Alphabet IncGOOGL US16:30Q1 2017 Earnings CallQ1 17
VeriSign IncVRSN US16:30Q1 2017 Earnings CallQ1 17
Republic Services IncRSG US17:00Q1 2017 Earnings CallQ1 17
Skyworks Solutions IncSWKS US17:00Q2 2017 Earnings CallQ2 17
Starbucks CorpSBUX US17:00Q2 2017 Earnings CallQ2 17
Intel CorpINTC US17:00Q1 2017 Earnings CallQ1 17
Digital Realty Trust IncDLR US17:30Q1 2017 Earnings CallQ1 17
Western Digital CorpWDC US17:30Q3 2017 Earnings CallQ3 17
Fortive CorpFTV US17:30Q1 2017 Earnings CallQ1 17
Microsoft CorpMSFT US17:30Q3 2017 Earnings CallQ3 17
Amazon.com IncAMZN US17:30Q1 2017 Earnings CallQ1 17
KLA-Tencor CorpKLAC US18:00Q3 2017 Earnings CallQ3 17
Nikki Bailey

Nikki Bailey

Nikki Bailey reports on US Stocks. She covers also economy and related aspects. She has been tracking US Stock markets for several years now. She is based in New York