Good morning. Happy Wednesday.
The Asian/Pacific markets close mostly up. Hong Kong, South Korea, India, New Zealand, Austria, Indonesia and the Philippines did the best; Singapore was weak. Europe, Africa and the Middle East are mostly up. Poland, France, Germany, Greece, South Africa, Finland, Spain, Italy, Belgium and Austria are leading; Turkey is down. Futures in the States point to positive open for the cash market.
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eBook: High Probability Setups for Stocks and Options
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The dollar is up. Oil and copper are up. Gold and silver are down. Bonds are down.
Stock headlines from barchart.com…
Target (TGT -2.58%) rallied over 4% in pre-market trading after it reported Q2 adjusted EPS of $1.23, higher than consensus of $1.19, and then raised guidance on full-year adjusted EPS to $4.34-$4.54, the midpoint stronger than consenus of $4.41.
Urban Outfitters (URBN -5.13%) jumped 18% in pre-market trading after it reported Q2 EPS of 44 cents, higher than consensus of 36 cents.
Dick’s Sporting Goods (DKS -23.03%) was downgraded to ‘Neutral’ from ‘Buy’ at Buckingham Research Group.
Biogen (BIIB +0.65%) was added to the ‘Conviction Buy List’ at Goldman Sachs.
Facebook (FB +0.15%) may move higher today after it was initiated a new ‘Buy’ at SunTrust Robinson Humphrey with an 18-month target price of $210.
Snap (SNAP +1.11%) may move lower today after it was initiated a new ‘Sell’ at SunTrust Robinson Humphrey with an 18-month target price of $10.
Expedia (EXPE -0.35%) may move higher today after it was initiated a new ‘Buy’ at SunTrust Robinson Humphrey with an 18-month target price of $190.
Agilent Technologies (A -0.40%) rose 4% in after-hours trading after it reported Q3 net revenue of $1.11 billion, higher than consensus of $1.09 billion, and then said it sees full-year revenue of $4.44 billion-$446 billion, above consensus of $4.41 billion.
Nexstar Media Group (NXST -0.40%) lost 1% in after-hours trading after a block of 1.1 million shares of Nexstar shares were offered via Morgan Stanley for an unknown seller.
Bristol-Myers Squibb (BMY +0.43%) fell 3% in after-hours trading after a kidney cancer study of its combination of its Opdivo and Yervoy did not meet its primary endpoint of statistical significance in a Phase 3 study.
Viavi Solutions (VIAV -1.12%) lost almost 4% in after-hours trading after it said it sees Q1 adjusted EPS of 6 cents-9 cents, below consensus of 10 cents.
Intec Pharma Ltd (NTEC -4.90%) slid 3% in after-hours trading after it announced the launch of an underwritten public offering of up to $50 million in ordinary shares.
Tuesday’s Key Earnings
Home Depot (NYSE:HD) -2.7% with fears about online retail.
TJX Companies (NYSE:TJX) +0.8% lifting its profit guidance.
Today’s Economic Calendar
7:00 MBA Mortgage Applications
8:30 Housing Starts
10:00 Atlanta Fed’s Business Inflation Expectations
10:30 EIA Petroleum Inventories
2:00 PM FOMC minutes
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY
