Contact Your Financial Adviser Money Making
MC
4Th Aug 2016
OVERNIGHT MARKETS AND NEWS
Sep
E-mini S&Ps (ESU16 +0.29%)
are little changed, up +0.06%, and European stocks are up +0.74 after the BOE
as expected, cut its benchmark lending rate by 25 bp to a record low 0.25% and
expanded its QE program by 60 billion pounds to 435 billion pounds. GBP/USD (^GBPUSD)
is down-1.11% as the BOE also cut
its UK 2017 GDP forecast to 0.8% from 2.3% and said new stimulus measures can
be expanded further if needed. Gains is stocks were limited as a -0.88% drop in crude oil prices (CLU16 -0.42%) undercut energy producing stocks,
while a -1.55% fall in copper prices (HGU16-1.43%)
to a 3-week low put pressure on mining stocks. Asian stocks settled higher:
Japan +1.07%, Hong Kong +0.43%, China +0.13%, Taiwan +0.26%, Australia +0.18%,
Singapore +0.15%, South Korea +0.24%, India +0.06%. Chinese stocks found
support on a statement from the PBOC that said it plans to keep monetary policy
"prudent" this year, while Japan's Nikkei Stock Index recovered from
a 3-week low and closed higher as a rally in brokerage and shipping stocks led
the overall market higher.
The
dollar index (DXY00 +0.23%)
is up +0.15%. EUR/USD (^EURUSD) is down -0.17%. USD/JPY (^USDJPY)is
up +0.09%.
Sep
T-note prices (ZNU16 +0.15%)
are up +4 ticks.
In
a statement released today, the PBOC reiterated it plans to keep monetary
policy "prudent" this year and said it will use multiple tools to
keep liquidity at reasonably ample levels and maintain reasonable credit growth
in the second half of this year.The
Total Investment & Insurance Solutions
Key
U.S. news today includes: (1) Jul Challenge job cuts (Jun -14.1% y/y), (2) weekly initial unemployment
claims (expected -1,000 to
265,000, previous +14,000 to 266,000) and continuing claims (expected -9,000 to 2.130 million, previous
+7,000 to 2.139 million), (3) Jun factory orders (expected -1.9% and -0.2% ex transportation, May -1.0% and +0.1% ex-transportation), (4) USDA
weekly Export Sales.
There
are 29 of the S&P 500 companies that report earnings today with notable
reports including: Viacom (consensus $1.01), Church & Dwight (0.79), Duke
Energy (1.01), Kellogg (0.91), Priceline (12.67), Consolidated Edison (0.69),
Fluor (0.89), Monster Beverage (1.04).
U.S.
IPO's scheduled to price today: Motif Bio PLC (MTFB).
Equity
conferences this week include: Wells Fargo Services Conference on Wed-Thu.The Total Investment & Insurance
Solutions
Transocean
Ltd. (RIG +3.98%) gained nearly 2% in
after-hours trading after it reported an unexpected Q2 adjusted EPS profit of
17 cents, higher than consensus of a -2 cent loss.
Prudential
Financial (PRU +2.95%)
dropped over 2% in after-hours trading after it reported Q2 operating EPS of
$1.84, well below consensus of $2.50,
XPO
Logistics (XPO +0.87%)
jumped over 10% in after-hours trading after it reported Q2 adjusted EPS of 42
cents, well above consensus of 22 cents, and then raised its full-year adjusted
Ebitda view to at least $1.265 billion from a July 18 view of $1.25 billion.
CF
Industries Holdings (CF +0.12%)
fell over 4% in after-hours trading after it reported Q2 net sales of $1.134
billion, below consensus of $1.139 billion.
Jack
in the Box (JACK -0.89%)
rallied almost 6% in pre-market trading after it raised guidance on full-year
adjusted EPS to $3.65-$3.75 from a May 11 view of $3.50-$3.63.
Albemarle
(ALB -0.45%) slid nearly 4% in after-hours
trading after it reported Q2 adjusted Ebitda of $190.5 million, weaker than
consensus of $237.5 million.
Square
(SQ +3.88%) jumped over 15% in pre-market
trading after it raised its 2016 adjusted Ebitda estimate to $18 million-$24
million from a prior view of $8 million-$14 million.
TripAdvisor
(TRIP +0.12%) lost nearly 8% in after-hours
trading after it reported Q2 adjusted EPS of 38 cents, below consensus of 42
cents,
GoDaddy
(GDDY -3.51%) rose nearly 8% in after-hours
trading after it hiked its 2016 revenue estimate to $1.84 billion-$1.847
billion from a May 4 view of $1.83 billion-$1.845 billion.
Avid
Technology (AVID +1.21%)
climbed 8% in after-hours trading after it raised guidance on non-GAAP year
revenue to $535 million-$565 million from a prior view of $500 million-$525
million.
Genpact
Ltd. (G +0.15%) lost 2% in after-hours trading
after it lowered its 2016 revenue estimate to $2.59 billion-$2.62 billion from
a May 5 estimate of $2.62 billion-$2.66 billion.
AxoGen
(AXGN +7.32%) rallied 10% in after-hours
trading after it reported a Q2 loss of -9 cents, a smaller loss than consensus
of -12 cents.
Insulet
(PODD +0.42%) jumped 8% in after-hours
trading after it boosted its full-year revenue estimate to $345 million-$355
million from a May 3 view of $330 million-$350 million.
Teladoc
(TDOC -1.17%) plunged over 25% in
after-hours trading after it said it sees a full-year loss per share between
$1.47-$1.52, a wider loss than consensus of -$1.25.The Total Investment & Insurance Solutions
Sep
E-mini S&Ps (ESU16 +0.29%)
this morning are up +1.25 points (+0.06%). Wednesday's closes: S&P 500
+0.31%, Dow Jones +0.23%, Nasdaq +0.32%. The S&P 500 index on Wednesday
closed higher on the +179,000 increase in the Jul ADP employment report
(stronger than expectations of +170,000) and on the +3.34% rally in crude oil
prices, which spurred gains in energy producer stocks. Stocks were undercut by
the -1.0 point decline in the U.S. Jul ISM
non-manufacturing PMI to 55.5, weaker than expectations of -0.6 to
55.9.
Sep
10-year T-notes (ZNU16 +0.15%)
this morning are up +4 ticks. Wednesday's closes: TYU6 +1.00, FVU6 +1.00. Sep
T-notes on Wednesday closed little changed. T-notes were undercut by signs of
strength in the U.S. labor market after the Jun ADP employment rose +179,000,
more than expectations of +170,000. T-notes found support from Minneapolis Fed
President Kashkari's comment that "when I look at the data I don't see
much inflationary pressure" and from the larger-than-expected decline in
the U.S. Jul ISM non-manufacturing index.
The
dollar index (DXY00 +0.23%)
this morning is up +0.142 (+0.15%). EUR/USD (^EURUSD)
is down -0.0019 (-0.17%). USD/JPY (^USDJPY)
is up +0.09 (+0.09%). Wednesday's closes: Dollar index +0.482 (+0.51%), EUR/USD -0.0075 (-0.67%), USD/JPY +0.35 (+0.35%). The
dollar index on Wednesday closed higher on the larger-than-expected increase in
the U.S. Jul ADP employment, (+179,000 vs. expectations of +170,000) and
weakness in EUR/USD after Eurozone Jun retail sales rose +1.6% y/y, weaker than
expectations of +1.8% y/y.
Sep
WTI crude oil (CLU16 -0.42%)
this morning is down -36 cents (-0.88%) and Sep gasoline (RBU16 -1.47%) is down -0.0221 (-1.64%). Wednesday's closes: CLU6
+1.32 (+3.34%), RBU6 +0.0383 (+2.92%). Sep crude and gasoline on Wednesday
closed higher as Sep crude recovered from a 3-1/2 month low. Crude oil prices
were boosted by the -0.6% drop in U.S. crude production in the
week ended Jul 29, the first decline in 4 weeks, and the-3.262 million bbl decline in EIA gasoline
inventories, more than expectations of -650,000
bbl. Crude oil prices were undercut by the stronger dollar and by the
unexpected +1.413 million bbl increase in EIA crude supplies (vs expectations
of a -1.75 million bbl).The Total Investment & Insurance Solutions
No comments:
Post a Comment