Tue Oct 28 2014
Live Index (1359 articles)
Share

Live Index – Tue, 28 Oct 2014 Premarket

PREMARKET WORLD NEWS

December E-mini S&Ps (ESZ14 +0.54%) this morning are up +0.51% and European stocks are up +0.95% ahead of the start of the 2-day FOMC meeting where the Fed is expected to announce an end to its QE3 bond purchase program. Sweden’s Riksbank unexpectedly cut its main interest rate to zero and said it won’t raise interest rates until “inflation clearly picks up” in mid-2016 in an attempt to jolt the Swedish economy out of a deflationary spiral. The Russian ruble dropped to a record low of 42.597 per dollar on concern the Russian central bank will move to a free float after more than $ 20 billion of currency interventions this month failed to stem the ruble’s decline. Asian stocks closed mixed: Japan -0.38%, Hong Kong +1.63%, China +2.02%, Taiwan +1.69%, Australia -0.12%, Singapore -0.45%, South Korea -0.24%, India +0.48%. Japanese stocks closed lower after stronger-than-expected Japan Sep retail sales dampened speculation the BOJ will expand stimulus measures when it meets for a 2-day meeting on Thursday. Chinese stocks closed higher after China Sep industrial profits rose from the prior month. Commodity prices are mostly higher. Dec crude oil (CLZ14 +0.60%) is up +0.17%. Dec gasoline (RBZ14 +0.62%) is up +0.24%. Dec gold (GCZ14 -0.12%) is down -0.11%. Dec copper (HGZ14 +0.47%) is up +0.44% at a 1-1/2 week high on the threat of a strike by workers at Freeport-McMoRan’s Grasberg copper mine in Indonesia, the third-largest in the world. Agriculture and livestock prices are mostly higher with Dec corn up +1,86% at a 2-month high and Nov soybeans up +1.69% at a 1-3/4 month high on carry-over support from a rally in soybean meal prices to a 4-month high as near-record beef and pork prices boost demand for animal feed to fatten hogs and cattle. The dollar index (DXY00 +0.10%) is up +0.15%. EUR/USD (^EURUSD) is down -0.02%. USD/JPY (^USDJPY) is up +0.25%. Dec T-note prices (ZNZ14 -0.15%) are down -5 ticks.

German Sep import prices unexpectedly rose +0.3% m/m, higher than expectations of a -0.1% m/m decline and the first increase in 3 months. On an annual basis Sep import prices fell -1.6% y/y, a smaller decline than expectations of -1.9% y/y, but still the twenty-first consecutive month that import prices have fallen year-over-year.

Japan Sep retail sales rose +2.7% m/m and +2.3% y/y, stronger than expectations of +0.9% m/m and +0.8% y/y and the largest increase in 6 months.

China Sep industrial profits rose +0.4% y/y, an improvement from the -0.6% y/y decline in Aug.

U.S. STOCK PREVIEW

The markets are unanimously expecting the FOMC at its 2-day meeting that begins today to end QE3 with a final $ 15 billion cut. Today’s Aug S&P/CaseShiller Composite-20 home price index is expected to show a small increase of +0.18% m/m, recovering a bit after the -0.50% decline seen in July. Today’s Oct U.S. consumer confidence index ifrom the Conference Board is expected to show a +1.1 point increase to 87.1, recovering a bit after the sharp -7.4 point decline to 86.0 seen in September. Today’s Sep durable goods orders report is expected to show an overall increase of +0.5% and an +0.5% increase ex-transportation. The Treasury today will sell $ 29 billion of 2-year T-notes.

There are 49 of the S&P 500 companies that report earnings today with notable reports including: Facebook (consensus $ 0.40), Pfizer (0.55), PG&E (1.14), Cummings (2.28), du Pont (0.53), Aetna (1.58), Freeport-McMoRan (0.61), Electronic Arts (0.53), Wynn Resorts (1.83), Ameriprise (1.96). Equity conferences this week include: RMA Annual Risk Management Conference 2014 on Mon-Tue, and GTEC (Government Technology Exhibition & Conference) 2014 on Tue-Thu.

PREMARKET U.S. STOCKS

Aetna (AET +0.62%) reported Q3 EPS of $ 1.79, higher than consensus of $ 1.58.

Pfizer (PFE -0.27%) reported Q3 EPS of 57 cents, better than consensus of 55 cents.

Manitowoc (MTW -0.94%) slipped over 7% in after-hours trading after it reported Q3 EPS of 36 cents, below consensus of 42 cents.

Crane (CR -0.10%) reported Q3 EPS ex-items of $ 1.12, weaker than consensus of $ 1.17, and then lowered guidance on fiscal 2014 EPS view to $ 4.40-$ 4.50 from $ 4.55-$ 4.75, below consensus of $ 4.62.

Masco (MAS -0.48%) reported Q3 adjusted EPS of 31 cents, less than consensus of 32 cents.

Davidson Kempner Partners reported a 11.47% passive stake in Eagle Bulk Shipping (EGLE -1.49%) .

Kohl’s (KSS -0.91%) dropped nearly 5% in after-hours trading after it said it sees Q3 same-store sales down -1.4% and that fiscal 2014 EPS will be at the low end of $ 4.05-$ 4.45, weaker than consensus of $ 4.30.

HealthSouth (HLS +0.27%) reported Q3 EPS of 53 cents, better than consensus of 49 cents.

Reinsurance Group (RGA +0.81%) reported Q3 EPS of $ 2.28, stronger than consensus of $ 2.07.

Hartford Financial (HIG +0.37%) reported Q3 EPS of 86 cents, higher than consensus of 83 cents.

Symetra Financial (SYA +0.13%) reported Q3 EPS of 39 cents, weaker than consensus of 44 cents.

AvalonBay (AVB +0.81%) reported Q3 FFO of $ 2.14, higher than consensus of $ 2.00.

Allison Transmission (ALSN +0.10%) reported Q3 EPS of 38 cents, stronger than consensus of 30 cents.

Buffalo Wild Wings (BWLD -1.17%) rose over 3% in after-hours trading after it reported Q3 EPS of $ 1.14, better than consensus of $ 1.07.

Amgen (AMGN +0.64%) reported Q3 EPS of $ 2.30, well above consensus of $ 2.11, and then raised guidance on fiscal 2014 EPS view to $ 8.45-$ 8.55 from $ 8.20-$ 8.40, higher than consensus of $ 8.42.

General Growth Properties (GGP +0.97%) reported Q3 FFO of 33 cents, higher than consensus of 31 cents.

MARKET COMMENTS

Dec E-mini S&Ps (ESZ14 +0.54%) this morning are up +10.00 points (+0.51%). The S&P 500 index on Monday closed lower: S&P 500 -0.15%, Dow Jones +0.07%, Nasdaq +0.10%. Negative factors included (1) carry-over selling from a slide in European stocks after the German Oct IFO business confidence fell for a sixth month to a 1-3/4 year low, (2) the +0.3% m/m increase in U.S. Sep pending home sales, weaker than expectations of +1.0% m/m, and (3) the -1.6 point decline in the U.S. Oct Markit composite PMI to 57.4, the slowest pace of expansion in 6 months.

Dec 10-year T-notes (ZNZ14 -0.15%) this morning are down -5 ticks. Dec 10-year T-note futures prices on Monday recovered from a 2-week low and closed higher. Closes: TYZ4 +3.50, FVZ4 +2.75. Bullish factors included (1) carry-over support from a rally in German bund prices after the German Oct IFO business climate fell more than expected to a 1-3/4 year low, (2) the smaller-than-expected increase in U.S. Sep pending home sales, which bolstered optimism the Fed will maintain record-low interest rates even as it ends QE3, and (3) increased safe-haven demand for T-notes as stocks fell.

The dollar index (DXY00 +0.10%) this morning isup +0.131 (+0.15%) . EUR/USD (^EURUSD) is down -0.0003 (-0.02%). USD/JPY (^USDJPY) is up +0.27 (+0.25%). The dollar index on Monday closed lower. Closes: Dollar index -0.237 (-0.28%), EUR/USD +0.00286 (+0.23%), USD/JPY -0.322 (-0.30%). Bearish factors included (1) the smaller-than-expected increase in U.S. Sep pending home sales, which boosted speculation that the weak data will prompt the Fed to delay raising interest rates, and (2) the positive results of the ECB’s bank stress tests, which eased concern about the health of European banks.

Dec WTI crude oil (CLZ14 +0.60%) this morning is up +14 cents (+0.17%) and Dec gasoline (RBZ14 +0.62%) is up +0.0051 (+0.24%). Dec crude and Dec gasoline on Monday closed lower with Dec crude falling to a 2-1/3 year low. Closes: CLZ4 -0.01 (-0.01%), RBZ4 -0.0178 (-0.83%). Bearish factors included (1) Goldman Sachs’ cut in its Q1 2015 WTI crude oil price estimate to $ 75 a barrel from $ 90 a barrel, citing a rise in global supplies, and (2) demand concerns in Europe after the German Oct IFO business climate fell more than expected to a 1-3/4 year low. Crude rebounded from its worst losses after the dollar fell.

GLOBAL EVENT CALENDAR10/28/2014
US0830 ETSep durable goods orders expected +0.5% and +0.5% ex transportation, Aug -18.4% and +0.4% ex transportation. Sep non-defense capital goods orders ex-aircraft expected +0.6%, Aug +0.4%.
0900 ETAug S&P/CaseShiller composite-20 home price index expected +0.18% m/m and +5.70% y/y, Jul -0.50% m/m and +6.75% y/y.
1000 ETOct consumer confidence (Conference Board) expected +1.1 to 87.1, Sep -7.4 to 86.0.
1000 ETOct Richmond Fed manufacturing index expected -3 to 11, Sep +2 to 14.
1130 ETFOMC begins 2-day policy meeting.
1300 ETTreasury auction $ 29 billion 2-year T-notes.
JPN1950 ETJapan Sep industrial production expected +2.2% m/m and -0.1% y/y, Aug -1.9% m/m and -3.3% y/y.
GER0300 ETGerman Sep import price index expected -0.1% m/m and -1.9% y/y, Aug -0.1% m/m and 01.9% y/y.
U.S. STOCK CALENDAR10/28/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
Laboratory Corp of America HoldingsLH USBef-mktQ3 2014 Earnings ReleaseQ3 20141.75
Noble Energy IncNBL USBef-mktQ3 2014 Earnings ReleaseQ3 20140.362
Martin Marietta Materials IncMLM USBef-mktQ3 2014 Earnings ReleaseQ3 20141.696
PG&E CorpPCG USBef-mktQ3 2014 Earnings ReleaseQ3 20141.139
MeadWestvaco CorpMWV USBef-mktQ3 2014 Earnings ReleaseQ3 20140.536
Corning IncGLW USBef-mktQ3 2014 Earnings ReleaseQ3 20140.377
Cummins IncCMI USBef-mktQ3 2014 Earnings ReleaseQ3 20142.284
AutoNation IncAN USBef-mktQ3 2014 Earnings ReleaseQ3 20140.858
Ecolab IncECL USBef-mktQ3 2014 Earnings ReleaseQ3 20141.203
PACCAR IncPCAR USBef-mktQ3 2014 Earnings ReleaseQ3 20140.962
EI du Pont de Nemours & CoDD US6:00Q3 2014 Earnings ReleaseQ3 20140.53
Whirlpool CorpWHR US6:00Q3 2014 Earnings ReleaseQ3 20143.129
Starwood Hotels & Resorts Worldwide IncHOT US6:00Q3 2014 Earnings ReleaseQ3 20140.65
Aetna IncAET US6:00Q3 2014 Earnings ReleaseQ3 20141.576
Harris CorpHRS US6:30Q1 2015 Earnings ReleaseQ1 20151.091
CONSOL Energy IncCNX US6:45Q3 2014 Earnings ReleaseQ3 20140.183
Pfizer IncPFE US7:00Q3 2014 Earnings ReleaseQ3 20140.553
Xylem Inc/NYXYL US7:00Q3 2014 Earnings ReleaseQ3 20140.52
Sherwin-Williams Co/TheSHW US7:00Q3 2014 Earnings ReleaseQ3 20143.222
Coach IncCOH US7:00Q1 2015 Earnings ReleaseQ1 20150.45
AMETEK IncAME US7:00Q3 2014 Earnings ReleaseQ3 20140.609
Marsh & McLennan Cos IncMMC US7:00Q3 2014 Earnings ReleaseQ3 20140.525
Parker-Hannifin CorpPH US7:30Q1 2015 Earnings ReleaseQ1 20151.666
Freeport-McMoRan IncFCX US8:00Q3 2014 Earnings ReleaseQ3 20140.61
Amgen IncAMGN US8:00Analyst MeetingY 2014
Aetna IncAET US8:00Q3 2014 Earnings CallQ3 2014
Masco CorpMAS US8:00Q3 2014 Earnings CallQ3 2014
Corning IncGLW US8:30Q3 2014 Earnings CallQ3 2014
Coach IncCOH US8:30Q1 2015 Earnings CallQ1 2015
Harris CorpHRS US8:30Q1 2015 Earnings CallQ1 2015
AMETEK IncAME US8:30Q3 2014 Earnings CallQ3 2014
Marsh & McLennan Cos IncMMC US8:30Q3 2014 Earnings CallQ3 2014
Laboratory Corp of America HoldingsLH US9:00Q3 2014 Earnings CallQ3 2014
Xylem Inc/NYXYL US9:00Q3 2014 Earnings CallQ3 2014
Hartford Financial Services Group Inc/TheHIG US9:00Q3 2014 Earnings CallQ3 2014
EI du Pont de Nemours & CoDD US9:00Q3 2014 Earnings CallQ3 2014
General Growth Properties IncGGP US9:00Q3 2014 Earnings CallQ3 2014
Universal Health Services IncUHS US9:00Q3 2014 Earnings CallQ3 2014
Noble Energy IncNBL US10:00Q3 2014 Earnings CallQ3 2014
MeadWestvaco CorpMWV US10:00Q3 2014 Earnings CallQ3 2014
Parker-Hannifin CorpPH US10:00Q1 2015 Earnings CallQ1 2015
Pfizer IncPFE US10:00Q3 2014 Earnings CallQ3 2014
Bank of New York Mellon Corp/TheBK US10:00Investor DayY 2014
CONSOL Energy IncCNX US10:00Q3 2014 Earnings CallQ3 2014
Cummins IncCMI US10:00Q3 2014 Earnings CallQ3 2014
Freeport-McMoRan IncFCX US10:00Q3 2014 Earnings CallQ3 2014
Whirlpool CorpWHR US10:00Q3 2014 Earnings CallQ3 2014
PG&E CorpPCG US11:00Q3 2014 Earnings CallQ3 2014
Sherwin-Williams Co/TheSHW US11:00Q3 2014 Earnings CallQ3 2014
AutoNation IncAN US11:00Q3 2014 Earnings CallQ3 2014
Allergan Inc/United StatesAGN US11:30Allergan Inc. Argues Case Against Valeant Pharmaceuticals Takeover
Starwood Hotels & Resorts Worldwide IncHOT US11:30Q3 2014 Earnings CallQ3 2014
PACCAR IncPCAR US12:00Q3 2014 Earnings CallQ3 2014
Symantec CorpSYMC US12:00Annual General MeetingY 2014
Ecolab IncECL US13:00Q3 2014 Earnings CallQ3 2014
AvalonBay Communities IncAVB US13:00Q3 2014 Earnings CallQ3 2014
Martin Marietta Materials IncMLM US14:00Q3 2014 Earnings CallQ3 2014
Edison InternationalEIX US16:00Q3 2014 Earnings ReleaseQ3 20141.351
McKesson CorpMCK US16:00Q2 2015 Earnings ReleaseQ2 20152.726
Total System Services IncTSS US16:00Q3 2014 Earnings ReleaseQ3 20140.523
Gilead Sciences IncGILD US16:05Q3 2014 Earnings ReleaseQ3 20141.929
CH Robinson Worldwide IncCHRW US16:15Q3 2014 Earnings ReleaseQ3 20140.805
Gilead Sciences IncGILD US16:30Q3 2014 Earnings CallQ3 2014
Wynn Resorts LtdWYNN US16:30Q3 2014 Earnings CallQ3 2014
Marriott International Inc/DEMAR US17:00Q3 2014 Earnings ReleaseQ3 20140.617
Edison InternationalEIX US17:00Q3 2014 Earnings CallQ3 2014
McKesson CorpMCK US17:00Q2 2015 Earnings CallQ2 2015
Total System Services IncTSS US17:00Q3 2014 Earnings CallQ3 2014
Vertex Pharmaceuticals IncVRTX US17:00Q3 2014 Earnings CallQ3 2014
Electronic Arts IncEA US17:00Q2 2015 Earnings CallQ2 2015
Western Digital CorpWDC US17:00Q1 2015 Earnings CallQ1 2015
Facebook IncFB US17:00Q3 2014 Earnings CallQ3 2014
Fiserv IncFISV US17:00Q3 2014 Earnings CallQ3 2014
Equity ResidentialEQR USAft-mktQ3 2014 Earnings ReleaseQ3 20140.801
Aflac IncAFL USAft-mktQ3 2014 Earnings ReleaseQ3 20141.428
Anadarko Petroleum CorpAPC USAft-mktQ3 2014 Earnings ReleaseQ3 20141.266
Dun & Bradstreet Corp/TheDNB USAft-mktQ3 2014 Earnings ReleaseQ3 20141.721
Owens-Illinois IncOI USAft-mktQ3 2014 Earnings ReleaseQ3 20140.734
AGL Resources IncGAS USAft-mktQ3 2014 Earnings ReleaseQ3 20140.303
Newfield Exploration CoNFX USAft-mktQ3 2014 Earnings ReleaseQ3 20140.497
Vertex Pharmaceuticals IncVRTX USAft-mktQ3 2014 Earnings ReleaseQ3 2014-0.652
Boston Properties IncBXP USAft-mktQ3 2014 Earnings ReleaseQ3 20141.371
Macerich Co/TheMAC USAft-mktQ3 2014 Earnings ReleaseQ3 20140.889
Electronic Arts IncEA USAft-mktQ2 2015 Earnings ReleaseQ2 20150.53
Express Scripts Holding CoESRX USAft-mktQ3 2014 Earnings ReleaseQ3 20141.29
Western Digital CorpWDC USAft-mktQ1 2015 Earnings ReleaseQ1 20152.036
Wynn Resorts LtdWYNN USAft-mktQ3 2014 Earnings ReleaseQ3 20141.825
Facebook IncFB USAft-mktQ3 2014 Earnings ReleaseQ3 20140.403
Fiserv IncFISV USAft-mktQ3 2014 Earnings ReleaseQ3 20140.841
Ameriprise Financial IncAMP USAft-mktQ3 2014 Earnings ReleaseQ3 20141.961
Kimco Realty CorpKIM USAft-mktQ3 2014 Earnings ReleaseQ3 20140.353
Cincinnati Financial CorpCINF USAft-mktQ3 2014 Earnings ReleaseQ3 20140.713
Kroger Co/TheKR USInvestor Meeting – Day 1Y 2014

Copyright (2014) © LiveIndex.org


Tags EPS, Premarket
Live Index

Live Index