Contact
Your Financial Adviser Money Making MC
12Th
Aug 2016
OVERNIGHT
MARKETS AND NEWS
Sep
E-mini S&Ps (ESU16 +0.01%)
are up +0.05% and European stocks are down -0.12% ahead of
U.S. data on retail sales and consumer sentiment. Concerns over
China's economic growth is limiting the upside in stock prices after
Chinese data on industrial production and retail sales grew less than
expected last month while credit growth grew at the slowest pace in
2-years. The weak economic data fueled a rally in Chinese government
bonds as the China 10-year government bond yield fell to 2.665%, a
10-year low. Despite the weak economic data, Asian stocks settled
mostly higher: Japan +1.10%, Hong Kong +0.83%, China +1.60%, Taiwan
+0.20%, Australia +0.42%, Singapore -0.08%, South Korea unch,
India +1.05%. Asian equity markets found support on the rally in U.S.
stocks Thursday to all-time highs as China's Shanghai Composite
climbed to a 2-week high and Japan's Nikkei Stock Index rose to a
2-1/4 month high.
The
dollar index (DXY00 unch)
is down -0.02%. EUR/USD (^EURUSD)
is up +0.14%. USD/JPY (^USDJPY)
is up +0.13%.
Sep
T-note prices (ZNU16 +0.14%)
are up +7 ticks.
China
Jul aggregate financing, the broadest measure of credit growth, rose
+487.9 billion yuan, weaker than expectations +1.0 trillion yuan and
the slowest pace of growth in 2 years.
China
Jul industrial production rose +6.0% y/y, weaker than expectations of
+6.2% y/y.
China
Jul retail sales rose +10.2% y/y, weaker than expectations of +10.5%
y/y.
Eurozone
Q2 GDP rose +0.3% q/q and +1.6% y/y, right on expectations.
Eurozone
Jun industrial production rose +0.6% m/m, stronger than expectations
of +0.5% m/m.The Total Investment & Insurance Solutions
Key
U.S. news today includes: (1) Jul retail sales (expected +0.4% and
+0.1% ex-autos, Jun +0.6% and +0.7% ex autos), (2) Jul final demand
PPI (expected +0.1% m/m and +0.2% y/y, Jun +0.5% m/m and +0.3% y/y)
and Jul PPI ex food & energy (expected +0.2% m/m and +1.2% y/y,
Jun +0.4% m/m and +1.3% y/y), (3) Jun business inventories (expected
+0.1%, May +0.2%), (4) preliminary-Aug University of Michigan U.S.
consumer sentiment index (expected +1.5 to 91.5, Jul -3.5 to
90.0), (5) USDA Aug WASDE crop production.
Russell
1000 companies that report earnings today: JC Penny's (consensus
-$0.14)
U.S.
IPO's scheduled to price today: none.
Equity
conferences today: none.The Total Investment & Insurance
Solutions
Alibaba
Group Holding Ltd (BABA +5.08%)
was upgraded to 'Strong Buy' from 'Outperform' at Raymond James with
a 12-month target price of $124.
Nvidia
(NVDA +2.03%)
gained 3% in after-hours trading after it reported Q2 adjusted EPS of
53 cents, higher than consensus of 48 cents.
Dillards
(DDS +7.76%)
dropped over 3% in after-hours trading after it reported Q2
same-store sales fell 5%, a bigger decline than consensus of a 4%
drop.
Nordstrom
(JWN +7.53%)
jumped over 10% in after-hours trading after it reported Q2 EPS of 67
cents, higher than consensus of 57 cents, and raised its full-year
adjusted EPS view to $2.60-$2.75 from a May 12 view of $2.50-$2.70.
Planet
Fitness (PLNT +0.79%)
gained 2% in after-hours trading after it boosted its full-year
adjusted EPS estimate to 63 cents-66 cents from a prior view of
62 cents-65 cents.
Itron
(ITRI +0.97%)
rose nearly 6% in after-hours trading after it reported Q1 adjusted
EPS of 44 cents, higher than consensus of 32 cents,
Viavi
Solutions (VIAV +0.69%)
lost 3% in after-hours trading after it said it expects Q1 adjusted
EPS of 6 cents-8 cents, below consensus of 8 cents.
Sunrun
(RUN +3.64%)
jumped over 10% in after-hours trading after it reported Q2 revenue
of $122.5 million, above consensus of $111.3 million.
Ruby
Tuesday (RT -2.61%)
dropped 10% in after-hours trading after it reported Q4
same-restaurant sales fell -3.7% accelerating from
a -3.1% decline in Q3, and said it will close 95
underperforming restaurants.
Delek
U.S. Holdings (DK +4.34%)
rallied 14% in after-hours trading after the New York Post reported
that CVR Energy is preparing to make an offer for the company.
Acacia
Communications (ACIA -2.17%)
jumped over 20% in after-hours trading after it reported Q2 revenue
of $116.2 million, well above consensus of $85.8 million, and said it
expects Q3 adjusted EPS of 64 cents-76 cents, higher than
consensus of 43 cents.
Silicon
Graphics International (SGI +8.73%)
surged over 28% in after-hours trading after Hewlett Packard
Enterprise acquired the company for $275 million.
Voxeljet
AG (VJET +7.59%)
tumbled 19% in after-hours trading after it cut its 2015 revenue
estimate to 24 million euros-25 million euros from a May 12
estimate of 28 million euros-30 million euros.
Ocean
Rig UDW (ORIG +10.20%)
plunged over 50% in after-hours trading after it said it will
reschedule installments and engaged advisers to assess viability of
its capital structure and alternatives that may be available to
pursue.The
Total Investment & Insurance Solutions
Sep
E-mini S&Ps (ESU16 +0.01%)
this morning are up +1.00 point (+0.05%). Thursday's closes: S&P
500 +0.47%, Dow Jones +0.64%, Nasdaq +0.42%. The S&P 500 on
Thursday posted a fresh record high and closed higher on a rally in
energy producers as crude oil prices climbed +4.27% and on Wells
Fargo's hike in its S&P 500 12-month target to 2,200.
Sep
10-year T-notes (ZNU16 +0.14%)
this morning are up +7 ticks. Thursday's closes: TYU6 -22.00,
FVU6 -13.25. T-notes on Thursday closed lower on reduced
safe-haven demand with the rally in stocks and on lackluster demand
for the Treasury's $15 billion auction of 30-year T-bonds that had a
bid-to-cover ratio of 2.24, below the 12-auction average of 2.36.
The
dollar index (DXY00 unch)
this morning is down -0.023 (-0.02%). EUR/USD (^EURUSD)
is up +0.0016 (+0.14%). USD/JPY (^USDJPY)
is up (+0.13%). Thursday's closes: Dollar index +0.207 (+0.22%),
EUR/USD +0.0059 (+0.53%), USD/JPY -0.59 (-0.58%). The
dollar index on Thursday closed higher on the rally in the S&P
500 to a record high and on weakness in GBP/USD which sold off to a
1-month low on expectations for more BOE stimulus measures.
Sep
WTI crude oil (CLU16 -0.30%)
this morning is down -6 cents (-0.14%) and Sep gasoline
(RBU16 -1.07%)
is down 0.0128 (-0.94%). Thursday's closes: CLU6 +1.78 (+4.27%), RBU6
+0.0603 (+4.63%). Sep crude oil and gasoline on Thursday closed
higher with Sep crude at a 2-week high. Crude oil rallied on comments
from Saudi Arabia's energy minister who said talks with OPEC
producers next month could include possible action to stabilize the
oil market. Crude oil was also boosted by the IEA's forecast that
global refiners will increase Q3 crude processing by +600,000 bpd to
a record 80.6 million bpd.The
Total Investment & Insurance Solutions
No comments:
Post a Comment