PulseWave Trading "Trigger Trade System" Daily Stock,Forex & Futures Analysis and Commentary.
Tuesday, July 31, 2018
Trading Terrordome - Dex The Algocapitalist
General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only. The risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser.
This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents.
For Related news and other stories please visit - http://www.wideawakenews.com/
For Related videos on our Youtube channel please visit - http://www.youtube.com/user/pulsescan72
Be Sure to register for faster updates and commentaries at -
BLOG 1: - http://pulsescan.blogspot.com/
BLOG 2: - http://seekingalpha.com/instablog/466159-pulsescan72/
BULLS make money... BEARS make money.... PIGS get slaughtered!
"TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!
07/31/2018 - **Overnight Markets and News**
**Overnight Markets and News**
Sep E-mini S&Ps (ESU18 +0.26%) this morning are up +0.28% and European stocks are up +0.40% after the BOJ was more dovish than expected and as technology stocks stabilized after their three-day rout. Global bonds and stocks moved higher after the BOJ cut its inflation forecast and said that interest rates will stay low for an "extended period of time." Technology stocks were higher ahead of Apple's quarterly earnings results later today. Gains in European stocks were limited after Eurozone Q2 GDP expanded at a slower-than-expected pace. Asian stocks settled mostly higher: Japan +0.04%, Hong Kong -0.52%, China +0.26%, Taiwan +0.22%, Australia +0.03%, Singapore +0.38%, South Korea +0.05%, India +0.30%. Asian stocks rallied after the dovish action by the BOJ to cut its inflation forecast, which eased concern the BOJ would soon end its QE program. Gains in Chinese stocks were limited after China Jul manufacturing and Jul non-manufacturing data came in weaker than expected. A rally in USD/JPY to a 1-week high gave Japanese exporters a boost and lifted the overall Nikkei Stock Index.
The dollar index (DXY00 -0.11%) is down -0.06%. EUR/USD (^EURUSD +0.30%) is up +0.27% after Eurozone Jul CPI rose more than expected at the fastest pace in 5-1/2 year, which is hawkish for ECB policy. USD/JPY (^USDJPY +0.36%) is up +0.44% at a 1-week high after he BOJ cut its inflation forecast and said interest rates will stay low for an "extended period of time.".
Sep 10-year T-note prices (ZNU18 +0-020) are up +5 ticks.
Eurozone Jul CPI rose +2.1% y/y, stronger than expectations of +2.0% y/y and the fastest pace of increase in 5-1/2 years. The Jul core CPI rose +1.1% y/y, stronger than expectations of +1.0% y/y.
Eurozone Q2 GDP rose +0.3% q/q and +2.1% y/y, a slower pace than expectations of +0.4% q/q and +2.2% y/y.
The Eurozone Jun unemployment rate was unch at 8.3%, right on expectations and a 9-1/2 year low.
German Jun retail sales rose +1.2% m/m, stronger than expectations of +1.0% m/m.
German Jul unemployment fell -6,000 to 2.338 million, less than expectations of -10,00. The Jul unemployment rate was unch at a record low of 5.2%.
The China Jul manufacturing PMI fell -0.3 to 51.2, weaker than expectations of -0.2 to 51.3 and the slowest pace of expansion in 5-months. The Jul non-manufacturing PMI fell -1.0 to 54.0, weaker than expectations of -0.1 to 54.9 and the slowest pace of expansion in 11-months.
Japan Jun industrial production fell -2.1% m/m, weaker than expectations of -0.3% m/m and the biggest decline in 5 months.
Japan Jul consumer confidence unexpectedly fell -0.2 to an 11-month low of 43.5, weaker than expectations of +0.1 to 43.8.
The Japan Jun jobless rate rose +0.2 to 2.4%, more than expectations of +0.1 to 2.3%. The Jun job-to-applicant ratio rose +0.02 to 1.62, higher than expectations of no change at 1.60 and the highest in 43-1/2 years.
The BOJ kept its benchmark interest rate at -0.1% and its 10-year yield target at zero percent but said it will allow the 10-year yield to fluctuate as much as 0.2% from zero, compared with 0.1% now. The BOJ also cut its 2018 inflation forecast in the fiscal year through March to 1.1% from a previous forecast of 1.3%.
**U.S. Stock Preview**
Key U.S. news today includes: (1) Q2 employment cost index (expected +0.7%, Q1 +0.8%), (2) Jun personal spending (expected +0.4%, May +0.2%) and Jun personal income (expected +0.4%, May +0.4%), (3) Jun PCE deflator (expected +0.1% m/m and +2.3% y/y, May +0.2% m/m and +2.3% y/y) and Jun core PCE deflator (expected +0.1% m/m and +2.0% y/y, May +0.2% m/m and +2.0% y/y), (4) May S&P CoreLogic composite-20 home price index (expected +0.2% m/m and +6.3% y/y, Apr +0.2% m/m and +6.56% y/y), (5) Jul Chicago PMI (expected -2.3 to 61.8, Jun +1.4 to 64.1), (6) Conference Board Jul U.S. consumer confidence (expected -0.4 to 126.0, Jun -2.4 to 126.4), (7) FOMC begins 2-day meeting.
Notable S&P 500 earnings reports today include: Apple (consensus $2.16), Cummins (3.63), Ralph Lauren (1.36), Proctor & Gamble (0.90), ADM (0.77), Pfizer (0.74), Johnson Controls (0.79), American Tower (1.73), Verisk Analytics (1.00), Newfield Exploration (0.93), Devon Energy (0.36), Anadarko Petroleum (0.59).
U.S. IPO's scheduled to price today: none.
Equity conferences during the remainder of this week: none.
**Overnight U.S. Stock Movers**
Illumina (ILMN -3.95%) rose nearly 7% in after-hours trading after it reported Q2 adjusted EPS of $1.43, well above consensus of $1.11 and then forecast full-year adjusted EPS of $5.35 to $5.45, higher than consensus of $4.87.
Chipotle Mexican Grill (CMG -1.45%) fell almost 4% in after-hours trading after Business Insider reported that CMG closed a restaurant location in Powell, Ohio on Monday following reports of customers getting sick after eating there.
Intel (INTC +0.02%) was upgraded to 'Buy' from 'Hold' at DZ Bank AG with a price target of $55.
Texas Roadhouse (TXRH -2.61%) slumped 12% in after-hours trading after it reported Q2 EPS of 62 cents, below consensus of 67 cents.
Varonis Systems (VRNS -5.21%) tumbled 13% in after-hours trading after it reported a Q2 adjusted loss per share of -8 cents, wider than consensus of -5 cents, and then forecast Q3 adjusted loss per share of -2 cents to up +1 cent, the midpoint below consensus of +0.9 cents.
Allison Transmission Holdings (ALSN -0.45%) climbed almost 6% in after-hours trading after it reported Q2 net sales of $711 million, better than consensus of $655.3 million, and then raised its full-year sales increase estimate to up 15% to 18%, higher than an April estimate of up 10% to 14%.
Medpace Holdings (MEDP -1.36%) rallied 8% in after-hours trading after it reported Q2 adjusted EPS of 67 cents, well above consensus of 42 cents, and then forecast full-year adjusted EPS of $2.51 to $2.62, higher than consensus of $1.93.
Tribune Media (TRCO +1.57%) was rated a new 'Outperform' at Evercore ISI with a price target of $40.
Electronics for Imaging (EFII +1.28%) fell 7% in after-hours trading after it reported Q2 adjusted EPS of 50 cents, weaker than consensus of 53 cents.
Acadia Healthcare (ACHC -2.42%) slid 7% in after-hours trading after it forecast full-year adjusted EPS of $2.52 to $2.56, below consensus of $2.59.
Rambus (RMBS -2.02%) fell more than 4% in after-hours trading after it forecast Q3 revenue of $45 million to $51 million, well below consensus of $99.6 million.
MagnaChip Semiconductor (MX +0.45%) jumped +15% in after-hours trading after it reported Q2 revenue of $199.7 million, better than consensus of $185 million, and then forecast Q3 revenue of $200 million to $210 million, above consensus of $197.5 million.
SunPower (SPWR -1.60%) rose 4% in after-hours trading after it reported a Q2 adjusted loss per share of -1 cent, narrower than consensus of -29 cents.
AK Steel Holding (AKS +2.10%) dropped 6% in after-hours trading after it reported Q2 adjusted Ebitda of $148.4 million, below consensus of $161.1 million.
**Market Comments**
Sep S&P 500 E-minis (ESU18 +0.26%) this morning are up +7.75 points (+0.28%). Monday's closes: S&P 500 -0.58%, Dow Jones -0.57%, Nasdaq 100 -1.42%. The S&P 500 on Monday closed lower on a continued slide in technology stocks as the Nasdaq Composite tumbled to a 3-week low. There was also concern about higher global interest rates after the 10-year T-note yield, the German 10-year bund yield, and the UK 10-year bond yield all rose to 1-1/2 month highs. Stocks wre supported by the U.S. Jun pending home sales report of +0.9% m/m, stronger than expectations of +0.1% m/m. Energy stocks found support on the +2.10% rally in crude oil prices to a 2-week high.
Sep 10-year T-notes (ZNU18 +0-020) this morning are up +5 ticks. Monday's closes: TYU8 -2.00, FVU8 -0.25. Sep 10-year T-notes on Monday fell to a 1-1/2 month low and closed lower on negative carry-over from a rise in global bond yields after the German 10-year bund yield and the UK 10-year bond yield both climbed to 1-1/2 month highs. T-note prices were also undercut by the stronger-than-expected U.S. Jun pending home sales report of +0.9%. T-note prices found some supoprt on increased safe-haven support with the continued sharp decline in tech stocks.
The dollar index (DXY00 -0.11%) this morning is down -0.072 (-0.08%). EUR/USD (^EURUSD +0.30%) is up +0.0032 (+0.27%). USD/JPY (^USDJPY +0.36%) is up +0.49 (+0.44%) at a 1-week high. Monday's closes: Dollar Index -0.351 (-0.37%), EUR/USD +0.0049 (+0.42%), USD/JPY -0.01 (-0.01%). The dollar index on Monday closed lower on weakness in USD/JPY on speculation the BOJ will announce at the conclusion of Tuesday's policy meeting that it will let Japan 10-year bond yields rise and may curtail the pace of its asset purchases. There was also strength in the currencies of crude exporters Canada and Russia versus the dollar after crude oil prices climbed to a 2-week high.
Metals this morning are lower with Aug gold (GCQ18 -0.24%) -4.2 (-0.34%), Sep silver (SIU18 -0.21%) -0.092 (-0.59%) and Sep copper (HGU18 +0.07%) -0.003 (-0.09%). Monday's closes: Aug gold -1.7 (-0.14%), Sep silver +0.044 (+0.28%), Sep copper -0.0100 (-0.36%). Metals on Monday settled mixed. Metals prices were boosted by a weaker dollar and by the increased prospects for a strike at the BHP Billiton's Escondida copper mine in Chile, the world's biggest, after workers there rejected the company's latest contract offer. Copper prices were undercut by the +1,750 MT increase in LME copper inventories to a 1-week high of 256,275 MT.
Sep WTI crude oil (CLU18 -0.46%) this morning is down -43 cents (-0.61%). Sep gasoline (RBU18 -0.22%) is -0.81 (-0.38%). Monday's closes: Sep crude +1.44 (+2.10%), Sep gasoline +0.04 (+0.02%). Sep crude oil and gasoline on Monday settled mixed with Sep crude at a 2-week high. Crude oil prices were boosted by a weaker dollar and by global oil supply concerns as Saudi Arabia continues to suspend crude shipments through the Bab el-Mandeb Strait in the Red Sea after two oil tankers were attacked by Yemen's Houthi militia last Thursday. Crude oil prices were undercut by the slide in stocks, which reduces optimism in the economic outlook and energy demand.
General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only. The risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser. This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents. For Related news and other stories please visit - http://www.wideawakenews.com/ For Related videos on our Youtube channel please visit - http://www.youtube.com/user/pulsescan72 Be Sure to register for faster updates and commentaries at - BLOG 1: - http://pulsescan.blogspot.com/ BLOG 2: - http://seekingalpha.com/instablog/466159-pulsescan72/ BULLS make money... BEARS make money.... PIGS get slaughtered! "TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!
Sep E-mini S&Ps (ESU18 +0.26%) this morning are up +0.28% and European stocks are up +0.40% after the BOJ was more dovish than expected and as technology stocks stabilized after their three-day rout. Global bonds and stocks moved higher after the BOJ cut its inflation forecast and said that interest rates will stay low for an "extended period of time." Technology stocks were higher ahead of Apple's quarterly earnings results later today. Gains in European stocks were limited after Eurozone Q2 GDP expanded at a slower-than-expected pace. Asian stocks settled mostly higher: Japan +0.04%, Hong Kong -0.52%, China +0.26%, Taiwan +0.22%, Australia +0.03%, Singapore +0.38%, South Korea +0.05%, India +0.30%. Asian stocks rallied after the dovish action by the BOJ to cut its inflation forecast, which eased concern the BOJ would soon end its QE program. Gains in Chinese stocks were limited after China Jul manufacturing and Jul non-manufacturing data came in weaker than expected. A rally in USD/JPY to a 1-week high gave Japanese exporters a boost and lifted the overall Nikkei Stock Index.
The dollar index (DXY00 -0.11%) is down -0.06%. EUR/USD (^EURUSD +0.30%) is up +0.27% after Eurozone Jul CPI rose more than expected at the fastest pace in 5-1/2 year, which is hawkish for ECB policy. USD/JPY (^USDJPY +0.36%) is up +0.44% at a 1-week high after he BOJ cut its inflation forecast and said interest rates will stay low for an "extended period of time.".
Sep 10-year T-note prices (ZNU18 +0-020) are up +5 ticks.
Eurozone Jul CPI rose +2.1% y/y, stronger than expectations of +2.0% y/y and the fastest pace of increase in 5-1/2 years. The Jul core CPI rose +1.1% y/y, stronger than expectations of +1.0% y/y.
Eurozone Q2 GDP rose +0.3% q/q and +2.1% y/y, a slower pace than expectations of +0.4% q/q and +2.2% y/y.
The Eurozone Jun unemployment rate was unch at 8.3%, right on expectations and a 9-1/2 year low.
German Jun retail sales rose +1.2% m/m, stronger than expectations of +1.0% m/m.
German Jul unemployment fell -6,000 to 2.338 million, less than expectations of -10,00. The Jul unemployment rate was unch at a record low of 5.2%.
The China Jul manufacturing PMI fell -0.3 to 51.2, weaker than expectations of -0.2 to 51.3 and the slowest pace of expansion in 5-months. The Jul non-manufacturing PMI fell -1.0 to 54.0, weaker than expectations of -0.1 to 54.9 and the slowest pace of expansion in 11-months.
Japan Jun industrial production fell -2.1% m/m, weaker than expectations of -0.3% m/m and the biggest decline in 5 months.
Japan Jul consumer confidence unexpectedly fell -0.2 to an 11-month low of 43.5, weaker than expectations of +0.1 to 43.8.
The Japan Jun jobless rate rose +0.2 to 2.4%, more than expectations of +0.1 to 2.3%. The Jun job-to-applicant ratio rose +0.02 to 1.62, higher than expectations of no change at 1.60 and the highest in 43-1/2 years.
The BOJ kept its benchmark interest rate at -0.1% and its 10-year yield target at zero percent but said it will allow the 10-year yield to fluctuate as much as 0.2% from zero, compared with 0.1% now. The BOJ also cut its 2018 inflation forecast in the fiscal year through March to 1.1% from a previous forecast of 1.3%.
**U.S. Stock Preview**
Key U.S. news today includes: (1) Q2 employment cost index (expected +0.7%, Q1 +0.8%), (2) Jun personal spending (expected +0.4%, May +0.2%) and Jun personal income (expected +0.4%, May +0.4%), (3) Jun PCE deflator (expected +0.1% m/m and +2.3% y/y, May +0.2% m/m and +2.3% y/y) and Jun core PCE deflator (expected +0.1% m/m and +2.0% y/y, May +0.2% m/m and +2.0% y/y), (4) May S&P CoreLogic composite-20 home price index (expected +0.2% m/m and +6.3% y/y, Apr +0.2% m/m and +6.56% y/y), (5) Jul Chicago PMI (expected -2.3 to 61.8, Jun +1.4 to 64.1), (6) Conference Board Jul U.S. consumer confidence (expected -0.4 to 126.0, Jun -2.4 to 126.4), (7) FOMC begins 2-day meeting.
Notable S&P 500 earnings reports today include: Apple (consensus $2.16), Cummins (3.63), Ralph Lauren (1.36), Proctor & Gamble (0.90), ADM (0.77), Pfizer (0.74), Johnson Controls (0.79), American Tower (1.73), Verisk Analytics (1.00), Newfield Exploration (0.93), Devon Energy (0.36), Anadarko Petroleum (0.59).
U.S. IPO's scheduled to price today: none.
Equity conferences during the remainder of this week: none.
**Overnight U.S. Stock Movers**
Illumina (ILMN -3.95%) rose nearly 7% in after-hours trading after it reported Q2 adjusted EPS of $1.43, well above consensus of $1.11 and then forecast full-year adjusted EPS of $5.35 to $5.45, higher than consensus of $4.87.
Chipotle Mexican Grill (CMG -1.45%) fell almost 4% in after-hours trading after Business Insider reported that CMG closed a restaurant location in Powell, Ohio on Monday following reports of customers getting sick after eating there.
Intel (INTC +0.02%) was upgraded to 'Buy' from 'Hold' at DZ Bank AG with a price target of $55.
Texas Roadhouse (TXRH -2.61%) slumped 12% in after-hours trading after it reported Q2 EPS of 62 cents, below consensus of 67 cents.
Varonis Systems (VRNS -5.21%) tumbled 13% in after-hours trading after it reported a Q2 adjusted loss per share of -8 cents, wider than consensus of -5 cents, and then forecast Q3 adjusted loss per share of -2 cents to up +1 cent, the midpoint below consensus of +0.9 cents.
Allison Transmission Holdings (ALSN -0.45%) climbed almost 6% in after-hours trading after it reported Q2 net sales of $711 million, better than consensus of $655.3 million, and then raised its full-year sales increase estimate to up 15% to 18%, higher than an April estimate of up 10% to 14%.
Medpace Holdings (MEDP -1.36%) rallied 8% in after-hours trading after it reported Q2 adjusted EPS of 67 cents, well above consensus of 42 cents, and then forecast full-year adjusted EPS of $2.51 to $2.62, higher than consensus of $1.93.
Tribune Media (TRCO +1.57%) was rated a new 'Outperform' at Evercore ISI with a price target of $40.
Electronics for Imaging (EFII +1.28%) fell 7% in after-hours trading after it reported Q2 adjusted EPS of 50 cents, weaker than consensus of 53 cents.
Acadia Healthcare (ACHC -2.42%) slid 7% in after-hours trading after it forecast full-year adjusted EPS of $2.52 to $2.56, below consensus of $2.59.
Rambus (RMBS -2.02%) fell more than 4% in after-hours trading after it forecast Q3 revenue of $45 million to $51 million, well below consensus of $99.6 million.
MagnaChip Semiconductor (MX +0.45%) jumped +15% in after-hours trading after it reported Q2 revenue of $199.7 million, better than consensus of $185 million, and then forecast Q3 revenue of $200 million to $210 million, above consensus of $197.5 million.
SunPower (SPWR -1.60%) rose 4% in after-hours trading after it reported a Q2 adjusted loss per share of -1 cent, narrower than consensus of -29 cents.
AK Steel Holding (AKS +2.10%) dropped 6% in after-hours trading after it reported Q2 adjusted Ebitda of $148.4 million, below consensus of $161.1 million.
**Market Comments**
Sep S&P 500 E-minis (ESU18 +0.26%) this morning are up +7.75 points (+0.28%). Monday's closes: S&P 500 -0.58%, Dow Jones -0.57%, Nasdaq 100 -1.42%. The S&P 500 on Monday closed lower on a continued slide in technology stocks as the Nasdaq Composite tumbled to a 3-week low. There was also concern about higher global interest rates after the 10-year T-note yield, the German 10-year bund yield, and the UK 10-year bond yield all rose to 1-1/2 month highs. Stocks wre supported by the U.S. Jun pending home sales report of +0.9% m/m, stronger than expectations of +0.1% m/m. Energy stocks found support on the +2.10% rally in crude oil prices to a 2-week high.
Sep 10-year T-notes (ZNU18 +0-020) this morning are up +5 ticks. Monday's closes: TYU8 -2.00, FVU8 -0.25. Sep 10-year T-notes on Monday fell to a 1-1/2 month low and closed lower on negative carry-over from a rise in global bond yields after the German 10-year bund yield and the UK 10-year bond yield both climbed to 1-1/2 month highs. T-note prices were also undercut by the stronger-than-expected U.S. Jun pending home sales report of +0.9%. T-note prices found some supoprt on increased safe-haven support with the continued sharp decline in tech stocks.
The dollar index (DXY00 -0.11%) this morning is down -0.072 (-0.08%). EUR/USD (^EURUSD +0.30%) is up +0.0032 (+0.27%). USD/JPY (^USDJPY +0.36%) is up +0.49 (+0.44%) at a 1-week high. Monday's closes: Dollar Index -0.351 (-0.37%), EUR/USD +0.0049 (+0.42%), USD/JPY -0.01 (-0.01%). The dollar index on Monday closed lower on weakness in USD/JPY on speculation the BOJ will announce at the conclusion of Tuesday's policy meeting that it will let Japan 10-year bond yields rise and may curtail the pace of its asset purchases. There was also strength in the currencies of crude exporters Canada and Russia versus the dollar after crude oil prices climbed to a 2-week high.
Metals this morning are lower with Aug gold (GCQ18 -0.24%) -4.2 (-0.34%), Sep silver (SIU18 -0.21%) -0.092 (-0.59%) and Sep copper (HGU18 +0.07%) -0.003 (-0.09%). Monday's closes: Aug gold -1.7 (-0.14%), Sep silver +0.044 (+0.28%), Sep copper -0.0100 (-0.36%). Metals on Monday settled mixed. Metals prices were boosted by a weaker dollar and by the increased prospects for a strike at the BHP Billiton's Escondida copper mine in Chile, the world's biggest, after workers there rejected the company's latest contract offer. Copper prices were undercut by the +1,750 MT increase in LME copper inventories to a 1-week high of 256,275 MT.
Sep WTI crude oil (CLU18 -0.46%) this morning is down -43 cents (-0.61%). Sep gasoline (RBU18 -0.22%) is -0.81 (-0.38%). Monday's closes: Sep crude +1.44 (+2.10%), Sep gasoline +0.04 (+0.02%). Sep crude oil and gasoline on Monday settled mixed with Sep crude at a 2-week high. Crude oil prices were boosted by a weaker dollar and by global oil supply concerns as Saudi Arabia continues to suspend crude shipments through the Bab el-Mandeb Strait in the Red Sea after two oil tankers were attacked by Yemen's Houthi militia last Thursday. Crude oil prices were undercut by the slide in stocks, which reduces optimism in the economic outlook and energy demand.
General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only. The risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser. This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents. For Related news and other stories please visit - http://www.wideawakenews.com/ For Related videos on our Youtube channel please visit - http://www.youtube.com/user/pulsescan72 Be Sure to register for faster updates and commentaries at - BLOG 1: - http://pulsescan.blogspot.com/ BLOG 2: - http://seekingalpha.com/instablog/466159-pulsescan72/ BULLS make money... BEARS make money.... PIGS get slaughtered! "TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!
Monday, July 30, 2018
07/30/2018 - **Overnight Markets and News**
**Overnight Markets and News**
Sep E-mini S&Ps this morning (ESU18 -0.07%) are down -0.03% and European stocks are down -0.29% as global equity markets move lower ahead of several key central bank meetings this week. The markets will look to the BOJ policy meeting tomorrow to see if the BOJ mentions letting its 10-year T-bond yield rise above zero percent. Also, the FOMC meets Tuesday and Wednesday and the markets will look to see if the Fed remains hawkish expects to raise interest rates twice more this year. Finally, the BOE is expected to raise its benchmark rate by 25 bp on Thursday, despite Brexit concerns. Expectations of tighter global central bank policies has led to a sell-off in world bond markets and higher bond yields as the 10-year UK bond yield rose to a 1-1/4 month high of 1.334% and the 10-year German bund yield climbed to a 1-1/2 month high of 0.445%. Strength in energy stocks limited losses in the overall market as Sep WTI crude oil (CLU18 +2.05%) climbs +1.75% on supply concerns after the U.S. reimposes sanctions on Iran and after Saudi Arabia temporarily halted crude shipments through the Bab el-Mandeb Strait in the Red Sea when two oil tankers were attacked by Yemen's Houthi militia last Thursday. Asian stocks settled mostly lower: Japan -0.74%, Hong Kong -0.25%, China -0.16%, Taiwan -0.38%, Australia -0.35%, Singapore -0.54%, South Korea -0.16%, India +0.42%. China's yuan fell to a 13-month low of 6.8428 per dollar, while trade tensions remain between the U.S. and China after China's foreign minister, Wang Yi, said American policies were to blame for its trade deficit and the collapse of trade talks.
The dollar index (DXY00 -0.19%) is down -0.19%. EUR/USD (^EURUSD +0.26%) is up +0.24%. USD/JPY (^USDJPY +0.05%) is up +0.01%.
Sep 10-year T-note prices (ZNU18 -0-040) are down -4 ticks.
Eurozone Jul economic confidence fell -0.2 to 112.1, stronger than expectations of -0.3 to 112.0. The Jul business climate indicator fell -0.09 to an 11-month low of 1.29, weaker than expectations of -0.04 to 1.35.
UK Jun net consumer credit rose +1.6 billion pounds, stronger than expectations of +1.4 billion pounds.
Japan Jun retail sales rose +1.5% m/m, right on expectations and the biggest increase in over 1-1/2 years.
**U.S. Stock Preview**
Key U.S. news today includes: (1) Jun pending home sales (expected +0.2% m/m, May -0.5% m/m and -2.8% y/y), (2) Jul Dallas Fed manufacturing activity (expected -5.5 to 31.0, Jun +9.7 to 36.5), (3) USDA weekly grain export inspections, (4) USDA weekly Crop Progress.
Notable S&P 500 earnings reports today include: Caterpillar (consensus $2.73), Simon Property (2.90), Lowes (0.73), Seagate (1.45), Everest Re (0.98), Illumina (1.11), Vornado Realty Trust (1.06), AvalonBay Communities (2.20), SBA Communications (1.59), Unum (1.26).
U.S. IPO's scheduled to price today: none.
Equity conferences during the remainder of this week: none.
**Overnight U.S. Stock Movers**
Colgate-Palmolive (CL -0.42%) was downgraded to 'Neutral' from 'Outperform' at Macquarie with a price target of $65.
Juniper (JNPR -7.33%) was upgraded to 'Buy' from 'Hold' at Deutsche Bank with a price target of $32.
Crane (CR -0.18%) was upgraded to 'Buy' from 'Neutral' at UBS with a price target of $100.
Ally Financial (ALLY -0.55%) was upgraded to 'Buy' from 'Neutral' at Bank of America/Merrill Lynch with a price target of $35.
Cooper Cos (COO -0.60%) was upgraded to 'Overweight' from 'Sector Weight' at KeyBanc Capital Markets with a price target of $298.
Helmerich & Payne (HP +1.74%) was upgraded to 'Overweight' from 'Equal-Weight' at Stephens with a price target of $85.
CBS (CBS -6.12%) CEO Leslie Moonves was accused of sexual harassment by several women according to any article in the New Yorker and the CBS Board will meet on the matter on Monday.
Alphabet (GOOG -2.35%) is reasonably valued, according to a weekend article by Barron’s
Facebook (FB -0.78%) is a bargain after last week's plunge, according to a weekend article in Barron’s
Fiat Chrysler (FCAU +0.96%) may provide a buying opportunity after weak 2Q results and the death of Sergio Marchionne, according to a weekend article by Barron’s
Papa John’s (PZZA -2.99%) appointed Olivia Kirtley as the new chair of the company’s board of directors
Sprint's (S +0.18%) chairman said the company is expanding into 700 Walmart stores with its partnership
Walmart (WMT -0.11%) is working on potential subscription video streaming service, according to a WSJ report
General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only. The risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser. This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents. For Related news and other stories please visit - http://www.wideawakenews.com/ For Related videos on our Youtube channel please visit - http://www.youtube.com/user/pulsescan72 Be Sure to register for faster updates and commentaries at - BLOG 1: - http://pulsescan.blogspot.com/ BLOG 2: - http://seekingalpha.com/instablog/466159-pulsescan72/ BULLS make money... BEARS make money.... PIGS get slaughtered! "TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!
Sep E-mini S&Ps this morning (ESU18 -0.07%) are down -0.03% and European stocks are down -0.29% as global equity markets move lower ahead of several key central bank meetings this week. The markets will look to the BOJ policy meeting tomorrow to see if the BOJ mentions letting its 10-year T-bond yield rise above zero percent. Also, the FOMC meets Tuesday and Wednesday and the markets will look to see if the Fed remains hawkish expects to raise interest rates twice more this year. Finally, the BOE is expected to raise its benchmark rate by 25 bp on Thursday, despite Brexit concerns. Expectations of tighter global central bank policies has led to a sell-off in world bond markets and higher bond yields as the 10-year UK bond yield rose to a 1-1/4 month high of 1.334% and the 10-year German bund yield climbed to a 1-1/2 month high of 0.445%. Strength in energy stocks limited losses in the overall market as Sep WTI crude oil (CLU18 +2.05%) climbs +1.75% on supply concerns after the U.S. reimposes sanctions on Iran and after Saudi Arabia temporarily halted crude shipments through the Bab el-Mandeb Strait in the Red Sea when two oil tankers were attacked by Yemen's Houthi militia last Thursday. Asian stocks settled mostly lower: Japan -0.74%, Hong Kong -0.25%, China -0.16%, Taiwan -0.38%, Australia -0.35%, Singapore -0.54%, South Korea -0.16%, India +0.42%. China's yuan fell to a 13-month low of 6.8428 per dollar, while trade tensions remain between the U.S. and China after China's foreign minister, Wang Yi, said American policies were to blame for its trade deficit and the collapse of trade talks.
The dollar index (DXY00 -0.19%) is down -0.19%. EUR/USD (^EURUSD +0.26%) is up +0.24%. USD/JPY (^USDJPY +0.05%) is up +0.01%.
Sep 10-year T-note prices (ZNU18 -0-040) are down -4 ticks.
Eurozone Jul economic confidence fell -0.2 to 112.1, stronger than expectations of -0.3 to 112.0. The Jul business climate indicator fell -0.09 to an 11-month low of 1.29, weaker than expectations of -0.04 to 1.35.
UK Jun net consumer credit rose +1.6 billion pounds, stronger than expectations of +1.4 billion pounds.
Japan Jun retail sales rose +1.5% m/m, right on expectations and the biggest increase in over 1-1/2 years.
**U.S. Stock Preview**
Key U.S. news today includes: (1) Jun pending home sales (expected +0.2% m/m, May -0.5% m/m and -2.8% y/y), (2) Jul Dallas Fed manufacturing activity (expected -5.5 to 31.0, Jun +9.7 to 36.5), (3) USDA weekly grain export inspections, (4) USDA weekly Crop Progress.
Notable S&P 500 earnings reports today include: Caterpillar (consensus $2.73), Simon Property (2.90), Lowes (0.73), Seagate (1.45), Everest Re (0.98), Illumina (1.11), Vornado Realty Trust (1.06), AvalonBay Communities (2.20), SBA Communications (1.59), Unum (1.26).
U.S. IPO's scheduled to price today: none.
Equity conferences during the remainder of this week: none.
**Overnight U.S. Stock Movers**
Colgate-Palmolive (CL -0.42%) was downgraded to 'Neutral' from 'Outperform' at Macquarie with a price target of $65.
Juniper (JNPR -7.33%) was upgraded to 'Buy' from 'Hold' at Deutsche Bank with a price target of $32.
Crane (CR -0.18%) was upgraded to 'Buy' from 'Neutral' at UBS with a price target of $100.
Ally Financial (ALLY -0.55%) was upgraded to 'Buy' from 'Neutral' at Bank of America/Merrill Lynch with a price target of $35.
Cooper Cos (COO -0.60%) was upgraded to 'Overweight' from 'Sector Weight' at KeyBanc Capital Markets with a price target of $298.
Helmerich & Payne (HP +1.74%) was upgraded to 'Overweight' from 'Equal-Weight' at Stephens with a price target of $85.
CBS (CBS -6.12%) CEO Leslie Moonves was accused of sexual harassment by several women according to any article in the New Yorker and the CBS Board will meet on the matter on Monday.
Alphabet (GOOG -2.35%) is reasonably valued, according to a weekend article by Barron’s
Facebook (FB -0.78%) is a bargain after last week's plunge, according to a weekend article in Barron’s
Fiat Chrysler (FCAU +0.96%) may provide a buying opportunity after weak 2Q results and the death of Sergio Marchionne, according to a weekend article by Barron’s
Papa John’s (PZZA -2.99%) appointed Olivia Kirtley as the new chair of the company’s board of directors
Sprint's (S +0.18%) chairman said the company is expanding into 700 Walmart stores with its partnership
Walmart (WMT -0.11%) is working on potential subscription video streaming service, according to a WSJ report
**Market Comments**
Sep S&P 500 E-minis (ESU18 -0.07%) this morning are down -0.75 points (-0.03%). Friday's closes: S&P 500 -0.66%, Dow Jones -0.30%, Nasdaq 100 -1.40%. The S&P 500 on Friday closed lower on a continued slide in technology stocks. The Nasdaq 100 fell -1.40% after a -21% plunge in Twitter on disappointing revenue and user figures and on continued worries about Facebook which added a -0.8% loss on Friday to Thursday's plunge of -19.0%. Stocks found underlying support on strong U.S. economic data with the +4.1% increase in Q2 GDP, the +4.0% increase in Q2 personal spending (vs expectations of +3.0%), and the final-July U.S. consumer sentiment index of +0.8% versus expectations of unchanged.
Sep 10-year T-notes (ZNU18 -0-040) this morning are down -4 ticks. Friday's closes: TYU8 +8, FVU8 +1.5. Sep 10-year T-notes on Friday closed higher on increased safe-haven demand with the sharp sell-off in U.S. tech stocks. T-notes were undercut by strong U.S. economic data with the strong Q2 GDP report of +4.1% and the +0.8 point increase in the final-July U.S. consumer sentiment index.
The dollar index (DXY00 -0.19%) this morning is down -0.183 (-0.19%). EUR/USD (^EURUSD +0.26%) is up +0.0028 (+0.24%). USD/JPY (^USDJPY +0.05%) is up +0.01 (+0.01%). Friday's closes: Dollar Index -0.116 (-0.12%), EUR/USD +0.0014 (+0.12%), USD/JPY -0.18 (-0.16%). The dollar index on Friday closed lower on the decline in U.S. T-note yields, which undercut the dollar's interest rate differentials. In addition, USDJPY was undercut by support for the yen as the market to speculate that the BOJ is about to implement a hawkish policy tweak at its Mon/Tue meeting. The dollar found support on the strong U.S. Q2 GDP report of +4.1% and the +0.8 point increase in the final-July U.S. consumer sentiment index.
Metals this morning are mixed with AUg gold (GCQ18 -0.07%) down -1.9 (-0.16%), Sep silver (SIU18 +0.30%) up +0.027 (+0.17%) and Sep copper (HGU18 -0.75%) -0.024 (-0.84%). Friday's closes: Aug gold -2.7 (-0.72%), Sep silver -0.002 (-0.01%), Sep copper +0.0160 (-0.57%). Metals on Friday settled mixed. Metals prices were undercut by the sharp sell-off in U.S. tech stocks and ongoing trade tensions. Supportive factors for metals price included the slightly lower dollar and the strong U.S. economic data.
Sep WTI crude oil (CLU18 +2.05%) this morning is trading up +$1.20 a barrel (+1.75%). Sep gasoline (RBU18 +0.32%) is +0.61 (+0.29%). Friday's closes: Sep crude -0.92 (-1.32%), Sep gasoline -0.38 (-0.18%). Sep crude oil and gasoline on Friday closed lower on trade tensions and continued concern about slower global economic growth. In addition, Baker Hughes report that U.S. active oil rigs last week rose by 3 rigs to 861. A supportive factor was Friday's strong U.S. economic data.
General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only. The risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser. This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents. For Related news and other stories please visit - http://www.wideawakenews.com/ For Related videos on our Youtube channel please visit - http://www.youtube.com/user/pulsescan72 Be Sure to register for faster updates and commentaries at - BLOG 1: - http://pulsescan.blogspot.com/ BLOG 2: - http://seekingalpha.com/instablog/466159-pulsescan72/ BULLS make money... BEARS make money.... PIGS get slaughtered! "TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!
Friday, July 27, 2018
07/27/2018 - **Overnight Markets and News**
**Overnight Markets and News**
Sep S&P 500 E-minis (ESU18 -0.03%) this morning are trading slightly higher as the market anticipates a strong Q2 U.S. GDP report this morning with a consensus estimate of +4.2%. Stocks are also seeing support from a +4% pre-market gain in Amazon.com, which rallied on much stronger than expected Q2 earnings. However, Twitter is sharply lower by -15% in pre-market trading after disappointing news in a shareholder letter with an expected decline in users and weaker-than-expected earnings.
The EuroStoxx 50 index is up +0.5% on favorable earnings and upward momentum after this week's sharp rally to a 5-week high. Asian stocks today closed mostly higher: Japan Nikkei Index +0.56%, Hong Kong Hang Seng +0.08%, China Shanghai Composite -0.30%, Taiwan TAIEX Index +0.59%, Australian S&P 200 +0.89%, Singapore Str. Times -0.11%, South Korea KOSPI 200 +0.28%, India BSE Sensex 30 +0.95%, Turkey ISE National 100 +0.28%.
Sep 10-year T-notes (ZNU18 unch) this morning are up 1 tick with some support from the BOJ's continued defense of its JGB yield target. The dollar index (DXY00 +0.14%) this morning is slightly higher by +0.07%, with EUR/USD (^EURUSD -0.15%) down -0.08% and USD/JPY (^USDJPY -0.03%) down -0.09%. EUR/USD was undercut by today's slightly weaker-than-expected French Q2 GDP report of +1.7% y/y versus expectations of +1.9% y/y.
The BOJ today again defended the 0.1% upper limit of its 10-year JGB yield target by offering to buy an unlimited amount of 5-10 year bonds at 0.1%, lower than the 0.11% level purchase level earlier this week. The 10-year JGB yield has risen this week on speculation that the BOJ at its meeting this coming Monday/Tuesday may tweak its policy in a tighter direction.
China extended its review period for the Qualcomm-NXP deal as it seeks to deflect blame for the companies saying that the deal is dead.
**U.S. Stock Preview**
Key U.S. news today includes: (1) Q2 GDP (expected +4.2% q/q annualized, Q1 +2.0%), (2) revised-Jul University of Michigan U.S. consumer sentiment index (expected unch at 97.1, prelim-Jul -1.1 to 97.1).
Notable S&P 500 earnings reports today include: Twitter (consensus $0.16), Exxon Mobil (1.26), Ventas (1.00), Moody's Corp (1.88), Aon (1.64), AbbVie (1.98), Weyerhaeuser (0.43), Cabot Oil (0.20), Goodyear (0.61), Iron Mountain (0.53), Merck (1.03), Colgate-Palmolive (0.77), Phillips 66 (2.19), Chevron (2.08), Franklin Resources (0.74).
U.S. IPO's scheduled to price today: none.
Equity conferences during the remainder of this week: none.
**Overnight U.S. Stock Movers**
Amazon.com (AMZN -2.98%) climbed nearly 3% in after-hours trading after it reported Q2 operating income of $2.98 billion, above consensus of $1.71 billion, and forecast Q3 operating income of $1.4 billion to $2.4 billion, higher than consensus of $1.2 billion.
Twitter (TWTR -2.89%) is sharply lower by -15% in pre-market trading after disappointing news contained in its shareholder letter with an expected decline in users and weaker than expected earnings.
Chipotle Mexican Grill (CMG -1.08%) rose 5% in after-hours trading after it reported Q2 comparable sales rose +3.3%, higher than consensus of +2.7%.
Expedia (EXPE -1.38%) jumped 11% in after-hours trading after it reported Q2 adjusted EPS of $1.38, stronger than consensus of 89 cents.
Boston Beer (SAM -4.71%) slumped 16% in after-hours trading after it reported Q2 EPS of $1.98, well below consensus of $2.81.
Edwards Lifesciences (EW -0.04%) slid more than 5% in after-hours trading after it forecast Q3 adjusted EPS of 93 cents to $1.03, below consensus of $1.08.
Lam Research (LRCX +2.58%) fell more than 3% in after-hours trading after it forecast Q1 revenue of $2.30 billion, below consensus of $2.76 billion.
Maxim Integrated Products (MXIM +0.27%) gained almost 2% in after-hours trading after it reported Q4 adjusted EPS of 73 cents, higher than consensus of 70 cents, and then forecast Q1 adjusted EPS of 72 cents to 78 cents, stronger than consensus of 69 cents.
Electronic Arts (EA -3.14%) tumbled almost 7% in after-hours trading after it forecast full-year adjusted revenue of about $5.55 billion, weaker than consensus of $5.60 billion.
National Instruments (NATI +0.62%) rallied more than 6% in after-hours trading after it reported Q2 adjusted EPS of 34 cents, better than consensus of 25 cents, and then forecast Q3 adjusted EPS of 32 cents to 46 cents, the midpoint higher than consensus of 32 cents.
First Solar (FSLR -0.68%) fell more than 7% in after-hours trading after it forecast full-year gross margin of +20.5% to +21.5%, below consensus of +22.1%.
Starbucks (SBUX -0.33%) gained 1% in after-hours trading after it reported Q3 comparable sales rose +1.0%, better than consensus of +0.8%.
Juniper Networks (JNPR +0.18%) dropped 7% in after-hours trading after it forecast Q3 revenue of $1.14 billion to $1.20 billion, weaker than consensus of $1.22 billion.
Cypress Semiconductor (CY +2.03%) rose almost 3% in after-hours trading after it forecast Q3 adjusted EPS of 36 cents to 40 cents, higher than consensus of 35 cents.
General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only. The risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser. This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents. For Related news and other stories please visit - http://www.wideawakenews.com/ For Related videos on our Youtube channel please visit - http://www.youtube.com/user/pulsescan72 Be Sure to register for faster updates and commentaries at - BLOG 1: - http://pulsescan.blogspot.com/ BLOG 2: - http://seekingalpha.com/instablog/466159-pulsescan72/ BULLS make money... BEARS make money.... PIGS get slaughtered! "TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!
Thursday, July 26, 2018
07/26/2018 - **Overnight Markets and News**
**Overnight Markets and News**
Sep E-mini S&Ps (ESU18 -0.17%) this morning are down -0.21% as technology stocks slide, led by a -23% plunge in Facebook in pre-market trading after the company reported fewer than expected daily active users in June and after Facebook CFO Wehner said sales growth will continue to slow through the rest of the year. European stocks are up +0.56% at a 1-1/4 month high as automakers rally after European Commission President Juncker and President Trump both pledged to "hold off on other tariffs" while they negotiate a deal to expand trade. The markets now await today's interest rate decision from the ECB and the press conference from ECB President Draghi for any clues as to the future of ECB monetary policy. Asian stocks settled mixed: Japan -0.12%, Hong Kong -0.48%, China -0.74%, Taiwan +0.41%, Australia -0.05%, Singapore +0.05%, South Korea +0.71%, India +0.34%. Chinese stocks and they yuan moved lower as uncertainty over the U.S. trade dispute and its impact on Chinese fiscal policy persists. Japanese stocks moved lower as exporters declined when USD/JPY dropped to a 2-week low.
The dollar index (DXY00 -0.07%) is up +0.06%. EUR/USD (^EURUSD -0.14%) is down -0.15%. USD/JPY (^USDJPY -0.13%) is down -0.14% at a 2-week low after the Japan 10-year bond yield jumped to a 1-year high of 0.102%, which boosted the yen on speculation the BOJ may announce a change to its QE policy at next week's BOJ meeting.
Sep 10-year T-note prices (ZNU18 -0-075) are down -8 ticks.
Japan Jun PPI services rose +1.2% y/y, stronger than expectations of +1.0% y/y and the largest increase in 3-1/4 years.
German Aug GfK consumer confidence unexpectedly fell -0.1 to a 13-month low of 10.6, weaker than expectations of no change at 10.7.
**U.S. Stock Preview**
Key U.S. news today includes: (1) weekly initial unemployment claims (expected +8,000 to 215,000, previous -8,000 to 207,000) and continuing claims (expected -18,000 to 1.733 million, previous +8,000 to 1.751 million), (2) Jun durable goods orders (expected +3.0% and +0.5% ex transportation, May -0.4% and unch ex transportation), (3) Jun wholesale inventories (expected +0.4%, May +0.6%), (4) USDA weekly Export Sales, (5) Jul Kansas City Fed manufacturing activity index (expected -3 to 25, Jun -1 to 28), (6) Treasury auctions $30 billion of 7-year T-notes.
Notable S&P 500 earnings reports today include: Amazon.com (consensus $2.49), Mastercard (1.53), Intel (0.96), Expedia (0.89), Starbucks (0.61), Amgen (3.56), Electronic Arts (0.07), Newmont Mining (0.24), International Paper (1.70), PulteGroup (0.75), Bristol-Myers Squibb (0.87), BorgWarner (1.10), Comcast (0.60), American Airlines (1.59), Valero (1.98), Marathon Petroleum (2.03), Martin Marietta Materials (2.85), Xerox (0.83), Southwest Airlines (1.23), Under Armour (-0.09), Invesco (0.66), Raytheon (2.35), Baxter (0.71), S&P Global (2.13), CME Group (1.72), McDonald's (1.93),
U.S. IPO's scheduled to price today: Berry Petroleum (BRRP), Opera Ltd (OPRA), Endava Plc (DAVA).
Equity conferences during the remainder of this week: Google Cloud Next 18 on Tue-Thu
**Overnight U.S. Stock Movers**
Facebook (FB +1.32%) plunged 23% in pre-market trading after it reported 1.47 billion active daily users in June, below forecasts of 1.48 billion users, and reported Q2 revenue of $13.23 billion, weaker than consensus of $13.33 billion. Also, CFO Wehner said sales growth will continue to slow through the rest of the year.
Biogen (BIIB +2.95%) slumped 10% in after-hours trading after it said its experimental Alzheimer drug slowed the progression of the earliest stages of the disease by 30% in a study, although expectations had been for an even higher percentage.
Mohawk Industries (MHK -0.99%) tumbled 13% in after-hours trading after it reported Q2 adjusted EPS of $3.51, well below consensus of $3.90.
Citrix Systems (CTXS +1.52%) rose more than 2% in after-hours trading after it reported Q2 adjusted EPS of $1.28, better than consensus of $1.20, and then forecast Q3 adjusted EPS of $11.23 to $1.26, above consensus of $1.22.
PayPal Holdings (PYPL -0.04%) slid nearly 3% in after-hours trading after it forecast Q3 net revenue of $3.62 billion to $3.67 billion, weaker than consensus of $3.71 billion.
Xilinx (XLNX +0.34%) jumped almost 10% in after-hours trading after it reported Q1 net revenue of $684.4 million, above consensus of $675.3 million, and then forecast full-year adjusted sales of $2.8 to $2.9 billion, better than consensus of $2.76 billion.
Qualcomm (QCOM +0.97%) rallied 5% in after-hours trading after it said it will abandon its $44 billion bid to acquire NXP Semiconductors NV after Chinese regulators failed to approve the acquisition.
Mondelez International (MDLZ -0.05%) climbed 3% in after-hours trading after it reported Q2 adjusted EPS of 56 cents, higher than consensus of 54 cents.
Knight-Swift Transportation Holdings (KNX +2.78%) dropped more than 13% in after-hours trading after it reported Q2 adjusted EPS of 56 cents, weaker than consensus of 57 cents.
PCM Inc (PCMI -4.55%) jumped 14% in after-hours trading after it raised its full-year adjusted EPS view to $2.20 to $2.30 from an April estimate of $2.00 to $2.10 and sees gross margins of 15.6%-15.85% from a prior view of 15%-15.5%.
Advanced Micro Devices (AMD -0.86%) rose nearly 6% in after-hours trading after it reported Q2 revenue of $1.76 billion. better than consensus of $1.72 billion.
Ford Motor (F -0.47%) slid more than 4% in after-hours trading after it cut its full-year adjusted EPS outlook to $1.30 to $1.50 from a May 16 view of $1.45 to $1.70.
U.S. Steel (X +1.03%) and AK Steel Holding (AKS +0.19%) both fell more than 2% in after-hours trading after President Trump said he will "resolve" the steel tariffs with the European Union.
General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only. The risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser. This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents. For Related news and other stories please visit - http://www.wideawakenews.com/ For Related videos on our Youtube channel please visit - http://www.youtube.com/user/pulsescan72 Be Sure to register for faster updates and commentaries at - BLOG 1: - http://pulsescan.blogspot.com/ BLOG 2: - http://seekingalpha.com/instablog/466159-pulsescan72/ BULLS make money... BEARS make money.... PIGS get slaughtered! "TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!
Sep E-mini S&Ps (ESU18 -0.17%) this morning are down -0.21% as technology stocks slide, led by a -23% plunge in Facebook in pre-market trading after the company reported fewer than expected daily active users in June and after Facebook CFO Wehner said sales growth will continue to slow through the rest of the year. European stocks are up +0.56% at a 1-1/4 month high as automakers rally after European Commission President Juncker and President Trump both pledged to "hold off on other tariffs" while they negotiate a deal to expand trade. The markets now await today's interest rate decision from the ECB and the press conference from ECB President Draghi for any clues as to the future of ECB monetary policy. Asian stocks settled mixed: Japan -0.12%, Hong Kong -0.48%, China -0.74%, Taiwan +0.41%, Australia -0.05%, Singapore +0.05%, South Korea +0.71%, India +0.34%. Chinese stocks and they yuan moved lower as uncertainty over the U.S. trade dispute and its impact on Chinese fiscal policy persists. Japanese stocks moved lower as exporters declined when USD/JPY dropped to a 2-week low.
The dollar index (DXY00 -0.07%) is up +0.06%. EUR/USD (^EURUSD -0.14%) is down -0.15%. USD/JPY (^USDJPY -0.13%) is down -0.14% at a 2-week low after the Japan 10-year bond yield jumped to a 1-year high of 0.102%, which boosted the yen on speculation the BOJ may announce a change to its QE policy at next week's BOJ meeting.
Sep 10-year T-note prices (ZNU18 -0-075) are down -8 ticks.
Japan Jun PPI services rose +1.2% y/y, stronger than expectations of +1.0% y/y and the largest increase in 3-1/4 years.
German Aug GfK consumer confidence unexpectedly fell -0.1 to a 13-month low of 10.6, weaker than expectations of no change at 10.7.
**U.S. Stock Preview**
Key U.S. news today includes: (1) weekly initial unemployment claims (expected +8,000 to 215,000, previous -8,000 to 207,000) and continuing claims (expected -18,000 to 1.733 million, previous +8,000 to 1.751 million), (2) Jun durable goods orders (expected +3.0% and +0.5% ex transportation, May -0.4% and unch ex transportation), (3) Jun wholesale inventories (expected +0.4%, May +0.6%), (4) USDA weekly Export Sales, (5) Jul Kansas City Fed manufacturing activity index (expected -3 to 25, Jun -1 to 28), (6) Treasury auctions $30 billion of 7-year T-notes.
Notable S&P 500 earnings reports today include: Amazon.com (consensus $2.49), Mastercard (1.53), Intel (0.96), Expedia (0.89), Starbucks (0.61), Amgen (3.56), Electronic Arts (0.07), Newmont Mining (0.24), International Paper (1.70), PulteGroup (0.75), Bristol-Myers Squibb (0.87), BorgWarner (1.10), Comcast (0.60), American Airlines (1.59), Valero (1.98), Marathon Petroleum (2.03), Martin Marietta Materials (2.85), Xerox (0.83), Southwest Airlines (1.23), Under Armour (-0.09), Invesco (0.66), Raytheon (2.35), Baxter (0.71), S&P Global (2.13), CME Group (1.72), McDonald's (1.93),
U.S. IPO's scheduled to price today: Berry Petroleum (BRRP), Opera Ltd (OPRA), Endava Plc (DAVA).
Equity conferences during the remainder of this week: Google Cloud Next 18 on Tue-Thu
**Overnight U.S. Stock Movers**
Facebook (FB +1.32%) plunged 23% in pre-market trading after it reported 1.47 billion active daily users in June, below forecasts of 1.48 billion users, and reported Q2 revenue of $13.23 billion, weaker than consensus of $13.33 billion. Also, CFO Wehner said sales growth will continue to slow through the rest of the year.
Biogen (BIIB +2.95%) slumped 10% in after-hours trading after it said its experimental Alzheimer drug slowed the progression of the earliest stages of the disease by 30% in a study, although expectations had been for an even higher percentage.
Mohawk Industries (MHK -0.99%) tumbled 13% in after-hours trading after it reported Q2 adjusted EPS of $3.51, well below consensus of $3.90.
Citrix Systems (CTXS +1.52%) rose more than 2% in after-hours trading after it reported Q2 adjusted EPS of $1.28, better than consensus of $1.20, and then forecast Q3 adjusted EPS of $11.23 to $1.26, above consensus of $1.22.
PayPal Holdings (PYPL -0.04%) slid nearly 3% in after-hours trading after it forecast Q3 net revenue of $3.62 billion to $3.67 billion, weaker than consensus of $3.71 billion.
Xilinx (XLNX +0.34%) jumped almost 10% in after-hours trading after it reported Q1 net revenue of $684.4 million, above consensus of $675.3 million, and then forecast full-year adjusted sales of $2.8 to $2.9 billion, better than consensus of $2.76 billion.
Qualcomm (QCOM +0.97%) rallied 5% in after-hours trading after it said it will abandon its $44 billion bid to acquire NXP Semiconductors NV after Chinese regulators failed to approve the acquisition.
Mondelez International (MDLZ -0.05%) climbed 3% in after-hours trading after it reported Q2 adjusted EPS of 56 cents, higher than consensus of 54 cents.
Knight-Swift Transportation Holdings (KNX +2.78%) dropped more than 13% in after-hours trading after it reported Q2 adjusted EPS of 56 cents, weaker than consensus of 57 cents.
PCM Inc (PCMI -4.55%) jumped 14% in after-hours trading after it raised its full-year adjusted EPS view to $2.20 to $2.30 from an April estimate of $2.00 to $2.10 and sees gross margins of 15.6%-15.85% from a prior view of 15%-15.5%.
Advanced Micro Devices (AMD -0.86%) rose nearly 6% in after-hours trading after it reported Q2 revenue of $1.76 billion. better than consensus of $1.72 billion.
Ford Motor (F -0.47%) slid more than 4% in after-hours trading after it cut its full-year adjusted EPS outlook to $1.30 to $1.50 from a May 16 view of $1.45 to $1.70.
U.S. Steel (X +1.03%) and AK Steel Holding (AKS +0.19%) both fell more than 2% in after-hours trading after President Trump said he will "resolve" the steel tariffs with the European Union.
General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only. The risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser. This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents. For Related news and other stories please visit - http://www.wideawakenews.com/ For Related videos on our Youtube channel please visit - http://www.youtube.com/user/pulsescan72 Be Sure to register for faster updates and commentaries at - BLOG 1: - http://pulsescan.blogspot.com/ BLOG 2: - http://seekingalpha.com/instablog/466159-pulsescan72/ BULLS make money... BEARS make money.... PIGS get slaughtered! "TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!
Wednesday, July 25, 2018
07/25/2018 - *Overnight Markets and News*
*Overnight Markets and News*
Sep E-mini S&Ps (ESU18 -0.14%) this morning are down -0.11% and European stocks are down -0.21% ahead of key trade talks between President Trump and European Commission President Jean-Claude Juncker. NXP Semiconductors NV is down almost 2% in pre-market trading after Reuters reported that Qualcomm is unlikely to get Chinese approval on its acquisition of NXP Semiconductors and is making preparations to pay NXP Semiconductors the $2 billion termination fee. Losses in European stocks were contained after the German Jul IFO business confidence fell less than expected. Asian stocks settled mixed: Japan +0.46%, Hong Kong +0.90%, China -0.07%, Taiwan -0.27%, Australia -0.29%, Singapore +1.04%, South Korea -0.22%, India +0.09%. Asian stocks found support on improved market sentiment due to better-than-expected S&P 500 company quarterly earnings results that pushed the S&P 500 up to a 5-3/4 month high Tuesday.
The dollar index (DXY00 -0.13%) is down -0.12%. EUR/USD (^EURUSD +0.06%) is up +0.04%. USD/JPY (^USDJPY -0.08%) is down -0.09%.
Sep 10-year T-note prices (ZNU18 +0-015) are up +1 tick.
The German Jul IFO business climate fell -0.1 to 101.7, stronger than expectations of -0.3 to 101.5.
The Eurozone Jun M3 money supply rose +4.4% y/y, stronger than expectations of +4.0% y/y and the biggest increase in 5 months.
UK Jul CBI retailing reported sales fell -12 to 20, stronger than expectations of -17 to 15.
*U.S. Stock Preview*
Key U.S. news today includes: (1) weekly MBA mortgage applications (previous -2.5% to 363.6 with purchase sub-index down -5.2% to 247.9 and refi sub-index up +2.2% to 979.6), (2) Jun new home sales (expected -3.0% to 669,000, May +6.7% to 689,000), (3) EIA weekly Petroleum Status Report, (4) Treasury auctions $18 billion of 2-year floating-rate notes and $36 billion 5-year T-notes.
Notable S&P 500 earnings reports today include: Facebook (consensus $1.71), Visa (1.09), UPS (1.93), GM (1.77), Coca-Cola (0.60), Boeing (3.25), AMD (0.13), PayPal (0.57), Ford (0.31).
U.S. IPO's scheduled to price today: Focus Financial Partners (FOCS), Liquidia Technologies (LQDA), Berry Petroleum Corp (BRRP), Cango Inc (CANG), Aurora Mobile (JG), Tenable Holdings (TENB), Aquestive Therapeutics (AQST), Pinduoduo (PDD).
Equity conferences during the remainder of this week: Google Cloud Next 18 on Tue-Thu
*Overnight U.S. Stock Movers*
Fiat Chrysler Automobiles NV (FCAU +1.58%) dropped 4% in pre-market trading after it reported Q2 adjusted Ebit of 1.66 billion euros, below consensus of 2.02 billion euros.
NXP Semiconductos NV (NXPI -4.22%) is down nearly 2% in pre-market trading after Reuters reported that Qualcomm is unlikely to get Chinese approval on its acquisition of NXP Semiconductors and is making preparartions to pay NXPI the $2 billion termination fee.
Lululemon Athletica (LULU -1.91%) gained 1% in after-hours trading after it named Calvin McDonald, former top executive of Sephora, as CEO effective August 20.
iRobot (IRBT -2.81%) surged almost 20% in after-hours trading after it reported Q2 revenue of $226.3 million, higher than consensus of $220.4 million.
Stryker (SYK -1.01%) fell 2% in after-hours trading after it forecast Q3 adjusted EPS of $1.65 to $1.70, the midpoint below consensus of $1.69.
IDEX (IEX +1.56%) rose 3% in after-hours trading after it reported Q2 adjusted EPS of $1.40, above consensus of $1.31, and then forecast full-year adjusted EPS of $5.27 to $5.35, higher than consensus of $5.18.
MKS Instruments (MKSI -2.49%) fell 4% in after-hours trading after it forecast Q3 sales of $470 million to $510 million, weaker than consensus of $522.5 million.
USANA Health Sciences (USNA -0.77%) jumped almost 12% in after-hours trading after it reported Q2 EPS of $1.36, higher than consensus of $1.11, and then forecast full-year EPS of $4.75 to $5.05, the midpoint well above consensus of $4.56.
Texas Instruments (TXN -0.76%) gained almost 1% in after-hours trading after it reported Q1 revenue of $4.02 billion, better than consensus of $3.97 billion, and then forecast Q3 revenue of $4.11 billion to $4.45 billion, the midpoint above consensus of $4.25 billion.
Robert Half International (RHI -0.12%) rose almost 5% in after-hours trading after it forecast Q3 income/share of 88 cents to 94 cents, higher than consensus of 87 cents.
Vicor (VICR -1.19%) climbed more than 8% in after-hours trading after it reported Q2 bookings increased to $87.4 million from $59.4 million y/y.
Radius Health (RDUS -2.36%) lost almost 6% in after-hours trading it said the CHMP panel of the European Medicines Agency will maintain its negative opinion at its formal final vote of its abaloparatide-SC for treatment of osteoporosis in postmenopausal women.
Knowles (KN +0.26%) rose more than 5% in after-hours trading after it reported Q2 adjusted EPS of 18 cents, better than consensus of 13 cents, and then forecast Q3 adjusted EPS of 27 cents to 33 cents, the mid-point above consensus of 29 cents.
Navient (NAVI +0.28%) dropped 7% in after-hours trading after it reported Q2 GAAP net income of $83 million versus $112 million y/y.
ViewRay (VRAY -3.24%) rallied 7% in after-hours trading after it reported Q2 revenue of $16 million, higher than consensus of $12.5 million.
General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only. The risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser. This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents. For Related news and other stories please visit - http://www.wideawakenews.com/ For Related videos on our Youtube channel please visit - http://www.youtube.com/user/pulsescan72 Be Sure to register for faster updates and commentaries at - BLOG 1: - http://pulsescan.blogspot.com/ BLOG 2: - http://seekingalpha.com/instablog/466159-pulsescan72/ BULLS make money... BEARS make money.... PIGS get slaughtered! "TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!
Sep E-mini S&Ps (ESU18 -0.14%) this morning are down -0.11% and European stocks are down -0.21% ahead of key trade talks between President Trump and European Commission President Jean-Claude Juncker. NXP Semiconductors NV is down almost 2% in pre-market trading after Reuters reported that Qualcomm is unlikely to get Chinese approval on its acquisition of NXP Semiconductors and is making preparations to pay NXP Semiconductors the $2 billion termination fee. Losses in European stocks were contained after the German Jul IFO business confidence fell less than expected. Asian stocks settled mixed: Japan +0.46%, Hong Kong +0.90%, China -0.07%, Taiwan -0.27%, Australia -0.29%, Singapore +1.04%, South Korea -0.22%, India +0.09%. Asian stocks found support on improved market sentiment due to better-than-expected S&P 500 company quarterly earnings results that pushed the S&P 500 up to a 5-3/4 month high Tuesday.
The dollar index (DXY00 -0.13%) is down -0.12%. EUR/USD (^EURUSD +0.06%) is up +0.04%. USD/JPY (^USDJPY -0.08%) is down -0.09%.
Sep 10-year T-note prices (ZNU18 +0-015) are up +1 tick.
The German Jul IFO business climate fell -0.1 to 101.7, stronger than expectations of -0.3 to 101.5.
The Eurozone Jun M3 money supply rose +4.4% y/y, stronger than expectations of +4.0% y/y and the biggest increase in 5 months.
UK Jul CBI retailing reported sales fell -12 to 20, stronger than expectations of -17 to 15.
*U.S. Stock Preview*
Key U.S. news today includes: (1) weekly MBA mortgage applications (previous -2.5% to 363.6 with purchase sub-index down -5.2% to 247.9 and refi sub-index up +2.2% to 979.6), (2) Jun new home sales (expected -3.0% to 669,000, May +6.7% to 689,000), (3) EIA weekly Petroleum Status Report, (4) Treasury auctions $18 billion of 2-year floating-rate notes and $36 billion 5-year T-notes.
Notable S&P 500 earnings reports today include: Facebook (consensus $1.71), Visa (1.09), UPS (1.93), GM (1.77), Coca-Cola (0.60), Boeing (3.25), AMD (0.13), PayPal (0.57), Ford (0.31).
U.S. IPO's scheduled to price today: Focus Financial Partners (FOCS), Liquidia Technologies (LQDA), Berry Petroleum Corp (BRRP), Cango Inc (CANG), Aurora Mobile (JG), Tenable Holdings (TENB), Aquestive Therapeutics (AQST), Pinduoduo (PDD).
Equity conferences during the remainder of this week: Google Cloud Next 18 on Tue-Thu
*Overnight U.S. Stock Movers*
Fiat Chrysler Automobiles NV (FCAU +1.58%) dropped 4% in pre-market trading after it reported Q2 adjusted Ebit of 1.66 billion euros, below consensus of 2.02 billion euros.
NXP Semiconductos NV (NXPI -4.22%) is down nearly 2% in pre-market trading after Reuters reported that Qualcomm is unlikely to get Chinese approval on its acquisition of NXP Semiconductors and is making preparartions to pay NXPI the $2 billion termination fee.
Lululemon Athletica (LULU -1.91%) gained 1% in after-hours trading after it named Calvin McDonald, former top executive of Sephora, as CEO effective August 20.
iRobot (IRBT -2.81%) surged almost 20% in after-hours trading after it reported Q2 revenue of $226.3 million, higher than consensus of $220.4 million.
Stryker (SYK -1.01%) fell 2% in after-hours trading after it forecast Q3 adjusted EPS of $1.65 to $1.70, the midpoint below consensus of $1.69.
IDEX (IEX +1.56%) rose 3% in after-hours trading after it reported Q2 adjusted EPS of $1.40, above consensus of $1.31, and then forecast full-year adjusted EPS of $5.27 to $5.35, higher than consensus of $5.18.
MKS Instruments (MKSI -2.49%) fell 4% in after-hours trading after it forecast Q3 sales of $470 million to $510 million, weaker than consensus of $522.5 million.
USANA Health Sciences (USNA -0.77%) jumped almost 12% in after-hours trading after it reported Q2 EPS of $1.36, higher than consensus of $1.11, and then forecast full-year EPS of $4.75 to $5.05, the midpoint well above consensus of $4.56.
Texas Instruments (TXN -0.76%) gained almost 1% in after-hours trading after it reported Q1 revenue of $4.02 billion, better than consensus of $3.97 billion, and then forecast Q3 revenue of $4.11 billion to $4.45 billion, the midpoint above consensus of $4.25 billion.
Robert Half International (RHI -0.12%) rose almost 5% in after-hours trading after it forecast Q3 income/share of 88 cents to 94 cents, higher than consensus of 87 cents.
Vicor (VICR -1.19%) climbed more than 8% in after-hours trading after it reported Q2 bookings increased to $87.4 million from $59.4 million y/y.
Radius Health (RDUS -2.36%) lost almost 6% in after-hours trading it said the CHMP panel of the European Medicines Agency will maintain its negative opinion at its formal final vote of its abaloparatide-SC for treatment of osteoporosis in postmenopausal women.
Knowles (KN +0.26%) rose more than 5% in after-hours trading after it reported Q2 adjusted EPS of 18 cents, better than consensus of 13 cents, and then forecast Q3 adjusted EPS of 27 cents to 33 cents, the mid-point above consensus of 29 cents.
Navient (NAVI +0.28%) dropped 7% in after-hours trading after it reported Q2 GAAP net income of $83 million versus $112 million y/y.
ViewRay (VRAY -3.24%) rallied 7% in after-hours trading after it reported Q2 revenue of $16 million, higher than consensus of $12.5 million.
General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only. The risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser. This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents. For Related news and other stories please visit - http://www.wideawakenews.com/ For Related videos on our Youtube channel please visit - http://www.youtube.com/user/pulsescan72 Be Sure to register for faster updates and commentaries at - BLOG 1: - http://pulsescan.blogspot.com/ BLOG 2: - http://seekingalpha.com/instablog/466159-pulsescan72/ BULLS make money... BEARS make money.... PIGS get slaughtered! "TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!
Tuesday, July 24, 2018
07/24/2018 - **Overnight Markets and News**
**Overnight Markets and News**
Sep E-mini S&Ps (ESU18 +0.20%) this morning are up +0.22% at a 5-3/4 month high and European stocks are up +0.81% at a 5-week high. Stronger-than-expected Q2 earnings results from Alphabet is pushing the stock up 4.5% in pre-market trading to lead the overall market higher. An unexpected increase in Eurozone manufacturing activity is also giving a boost to European stocks after the Eurozone Jul Markit manufacturing PMI unexpectedly rose +0.2 to 55.1. Asian stocks settled mostly higher: Japan +0.51%, Hong Kong +1.44%, China +1.61%, Taiwan +0.44%, Australia +0.61%, Singapore -0.03%, South Korea +0.32%, India +0.29%. China's Shanghai Composite rose to a 1-month high and boosted Asian equity markets after China's State Council announced a package of policies to boost domestic demand. The State Council issued a tax cut for research spending and announced that special bonds will be issued for infrastructure investment. The yuan tumbled to a new 1-year low against the dollar on signs the PBOC is stepping up efforts to support bank lending. The PBOC offered 502 billion yuan ($74 billion) of Medium-Term Lending Facility (MLF) credit with 1-year maturity to major banks in the open market, the most in such an operation since the MLF was introduced in 2014.
The dollar index (DXY00 -0.17%) is down -0.21%. EUR/USD (^EURUSD +0.14%) is up +0.16%. USD/JPY (^USDJPY -0.25%) is down -0.27%.
Sep 10-year T-note prices (ZNU18 +0-040) are up +3.5 ticks.
The Eurozone Jul Markit manufacturing PMI unexpectedly rose +0.2 to 55.1, stronger than expectations of -0.2 to 54.7.
The Eurozone Jul Markit composite PMI fell -0.6 to 54.3, weaker than expectations of -0.1 to 54.8.
The German Jul Markit/BME manufacturing PMI unexpectedly rose +1.4 to 57.3, stronger than expectations of -0.4 to 55.5.
The UK Jul CBI trends total orders fell -2 to 11, stronger than expectations of -5 to 8.
The Japan Jul Nikkei manufacturing PMI fell -1.4 to a 1-1/2 year low of 51.6.
**U.S. Stock Preview**
Key U.S. news today includes: (1) May FHFA house price index (expected +0.4% m/m, Apr +0.1% m/m), (2) Jul Markit manufacturing PMI (expected -0.3 to 55.1, Jun -1.0 to 55.4) and Jul Markit services PMI (expected unch at 56.5, Jun -0.3 to 56.5), (3) Jul Richmond Fed manufacturing survey (expected -2 to 18, Jun +4 to 20), (4) Treasury auctions $35 billion 2-year T-notes.
Notable S&P 500 earnings reports today include: AT&T (consensus $0.87), Harley-Davidson (1.41), Biogen (5.19), Eli Lilly (1.30), Lockheed Martin (3.92), Kimberly-Clark (1.57), Verizon (1.14), Texas Instruments (1.30), Robert Half (0.85).
U.S. IPO's scheduled to price today: Bloom Energy (BE), Aquestive Therapeutics (AQST).
Equity conferences during the remainder of this week: Google Cloud Next 18 on Tue-Thu
**Overnight U.S. Stock Movers**
Alphabet (GOOGL +1.10%) climbed more than 4% in pre-market trading after it reported Q2 revenue ex-TAC of $26.24 billion, higher than consensus of $25.55 billion.
Mosaic (MOS +0.21%) was upgraded to 'Buy' from 'Underperform' at Bank of America/Merrill Lynch with a price target of $35.
Whirlpool (WHR -0.72%) tumbled nearly 9% in after-hours trading after it reported Q2 net sales of $5.14 billion, less than expectations of $5.29 billion, and then forecast full-year ongoing EPS of $14.20 to $14.80, weaker than consensus of $15.62.
Bluebird Bio (BLUE -1.72%) fell more than 3% in after-hours trading after it announced that it had commenced an underwritten public offering of $400 million in shares of its common stock.
Anadarko (APC +0.16%) was rated a new 'Buy' at Mizuho Securities USA with a price target of $102.
Kaiser Aluminum (KALU +0.99%) reported Q2 adjusted EPS of $1.68, better than consensus of $1.63.
Moelis & Co. (@symbolPercentChange(MC reported Q2 revenue of $220.4 million, higher than consensus of $183.7 million.
Reata Pharmaceuticals (RETA +64.98%) slipped 2% in after-hours trading after it announced its intention to sell 3.0 million shares of its Class A common stock in an underwritten public offering.
TD Ameritrade Holding (AMTD +2.84%) gained 1% in after-hours trading after it reported Q3 revenue of $1.38 billion, better than consensus of $1.35 billion.
Noble Energy (NBL -0.29%) was rated a new 'Buy' at Mizuho Securities USA with a price target of $51.
Zions Bancorporation (ZION +1.49%) fell more than 3% in after-hours trading after it reported Q2 EPS of 89 cents, weaker than consensus of 92 cents.
Merit Medical Systems (MMSI +0.72%) gained more than 1% in after-hours trading after it reported Q2 revenue of $224.8 million, well above consensus of $214.7 million.
Brown & Brown (BRO -0.24%) reported Q2 revenue of $473.1 million, above consensus of $471.1 million.
Redwood Trust (RWT -0.81%) dropped 3% in after-hours trading after it announced its intends to sell 6.25million shares of its common stock in an underwritten public offering.
General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only. The risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser. This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents. For Related news and other stories please visit - http://www.wideawakenews.com/ For Related videos on our Youtube channel please visit - http://www.youtube.com/user/pulsescan72 Be Sure to register for faster updates and commentaries at - BLOG 1: - http://pulsescan.blogspot.com/ BLOG 2: - http://seekingalpha.com/instablog/466159-pulsescan72/ BULLS make money... BEARS make money.... PIGS get slaughtered! "TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!
Sep E-mini S&Ps (ESU18 +0.20%) this morning are up +0.22% at a 5-3/4 month high and European stocks are up +0.81% at a 5-week high. Stronger-than-expected Q2 earnings results from Alphabet is pushing the stock up 4.5% in pre-market trading to lead the overall market higher. An unexpected increase in Eurozone manufacturing activity is also giving a boost to European stocks after the Eurozone Jul Markit manufacturing PMI unexpectedly rose +0.2 to 55.1. Asian stocks settled mostly higher: Japan +0.51%, Hong Kong +1.44%, China +1.61%, Taiwan +0.44%, Australia +0.61%, Singapore -0.03%, South Korea +0.32%, India +0.29%. China's Shanghai Composite rose to a 1-month high and boosted Asian equity markets after China's State Council announced a package of policies to boost domestic demand. The State Council issued a tax cut for research spending and announced that special bonds will be issued for infrastructure investment. The yuan tumbled to a new 1-year low against the dollar on signs the PBOC is stepping up efforts to support bank lending. The PBOC offered 502 billion yuan ($74 billion) of Medium-Term Lending Facility (MLF) credit with 1-year maturity to major banks in the open market, the most in such an operation since the MLF was introduced in 2014.
The dollar index (DXY00 -0.17%) is down -0.21%. EUR/USD (^EURUSD +0.14%) is up +0.16%. USD/JPY (^USDJPY -0.25%) is down -0.27%.
Sep 10-year T-note prices (ZNU18 +0-040) are up +3.5 ticks.
The Eurozone Jul Markit manufacturing PMI unexpectedly rose +0.2 to 55.1, stronger than expectations of -0.2 to 54.7.
The Eurozone Jul Markit composite PMI fell -0.6 to 54.3, weaker than expectations of -0.1 to 54.8.
The German Jul Markit/BME manufacturing PMI unexpectedly rose +1.4 to 57.3, stronger than expectations of -0.4 to 55.5.
The UK Jul CBI trends total orders fell -2 to 11, stronger than expectations of -5 to 8.
The Japan Jul Nikkei manufacturing PMI fell -1.4 to a 1-1/2 year low of 51.6.
**U.S. Stock Preview**
Key U.S. news today includes: (1) May FHFA house price index (expected +0.4% m/m, Apr +0.1% m/m), (2) Jul Markit manufacturing PMI (expected -0.3 to 55.1, Jun -1.0 to 55.4) and Jul Markit services PMI (expected unch at 56.5, Jun -0.3 to 56.5), (3) Jul Richmond Fed manufacturing survey (expected -2 to 18, Jun +4 to 20), (4) Treasury auctions $35 billion 2-year T-notes.
Notable S&P 500 earnings reports today include: AT&T (consensus $0.87), Harley-Davidson (1.41), Biogen (5.19), Eli Lilly (1.30), Lockheed Martin (3.92), Kimberly-Clark (1.57), Verizon (1.14), Texas Instruments (1.30), Robert Half (0.85).
U.S. IPO's scheduled to price today: Bloom Energy (BE), Aquestive Therapeutics (AQST).
Equity conferences during the remainder of this week: Google Cloud Next 18 on Tue-Thu
**Overnight U.S. Stock Movers**
Alphabet (GOOGL +1.10%) climbed more than 4% in pre-market trading after it reported Q2 revenue ex-TAC of $26.24 billion, higher than consensus of $25.55 billion.
Mosaic (MOS +0.21%) was upgraded to 'Buy' from 'Underperform' at Bank of America/Merrill Lynch with a price target of $35.
Whirlpool (WHR -0.72%) tumbled nearly 9% in after-hours trading after it reported Q2 net sales of $5.14 billion, less than expectations of $5.29 billion, and then forecast full-year ongoing EPS of $14.20 to $14.80, weaker than consensus of $15.62.
Bluebird Bio (BLUE -1.72%) fell more than 3% in after-hours trading after it announced that it had commenced an underwritten public offering of $400 million in shares of its common stock.
Anadarko (APC +0.16%) was rated a new 'Buy' at Mizuho Securities USA with a price target of $102.
Kaiser Aluminum (KALU +0.99%) reported Q2 adjusted EPS of $1.68, better than consensus of $1.63.
Moelis & Co. (@symbolPercentChange(MC reported Q2 revenue of $220.4 million, higher than consensus of $183.7 million.
Reata Pharmaceuticals (RETA +64.98%) slipped 2% in after-hours trading after it announced its intention to sell 3.0 million shares of its Class A common stock in an underwritten public offering.
TD Ameritrade Holding (AMTD +2.84%) gained 1% in after-hours trading after it reported Q3 revenue of $1.38 billion, better than consensus of $1.35 billion.
Noble Energy (NBL -0.29%) was rated a new 'Buy' at Mizuho Securities USA with a price target of $51.
Zions Bancorporation (ZION +1.49%) fell more than 3% in after-hours trading after it reported Q2 EPS of 89 cents, weaker than consensus of 92 cents.
Merit Medical Systems (MMSI +0.72%) gained more than 1% in after-hours trading after it reported Q2 revenue of $224.8 million, well above consensus of $214.7 million.
Brown & Brown (BRO -0.24%) reported Q2 revenue of $473.1 million, above consensus of $471.1 million.
Redwood Trust (RWT -0.81%) dropped 3% in after-hours trading after it announced its intends to sell 6.25million shares of its common stock in an underwritten public offering.
General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only. The risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser. This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents. For Related news and other stories please visit - http://www.wideawakenews.com/ For Related videos on our Youtube channel please visit - http://www.youtube.com/user/pulsescan72 Be Sure to register for faster updates and commentaries at - BLOG 1: - http://pulsescan.blogspot.com/ BLOG 2: - http://seekingalpha.com/instablog/466159-pulsescan72/ BULLS make money... BEARS make money.... PIGS get slaughtered! "TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!
Monday, July 23, 2018
TVR [#529] 07-23-2018 END OF DAY REPORT: TREND MOMENTUM STRENGTHENS
General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only. The risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser.
This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents.
For Related news and other stories please visit - http://www.wideawakenews.com/
For Related videos on our Youtube channel please visit - http://www.youtube.com/user/pulsescan72
Be Sure to register for faster updates and commentaries at -
BLOG 1: - http://pulsescan.blogspot.com/
BLOG 2: - http://seekingalpha.com/instablog/466159-pulsescan72/
BULLS make money... BEARS make money.... PIGS get slaughtered!
"TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!
07/23/2018 - **Overnight Markets and News**
**Overnight Markets and News**
Sep E-mini S&Ps (ESU18 -0.09%) this morning are down -0.12% and European stocks are down -0.46% after finance chiefs from the Group of 20 nations expressed concern in their final statement Sunday from this weekend’s meeting in Brazil that trade tensions threaten expansion in the global economy. Strength in energy stocks limited losses in U.S. stock indexes as Sep WTI crude oil (CLU18 +1.07%) rose +1.25% after President Trump warned Iran of grave "consequences" if it threatens the U.S. Losses in European markets were contained after the Bundesbank said in its monthly report that "the overall economic performance in the spring quarter of 2018 probably showed a little more momentum than at the beginning of the year." Asian stocks settled mixed: Japan -1.33%, Hong Kong +0.11%, China +1.07%, Taiwan +0.14%, Australia -0.93%, Singapore -0.12%, South Korea -0.80%, India +0.61%. China's Shanghai Composite climbed to a 4-week high, led by a rally in bank stocks, after the PBOC released guidelines aimed at asset management practices that were deemed less severe than markets had expected. Japan's Nikkei Stock Index retreated as exporter stocks sold-off after the yen climbed to a 2-week high on reports that the BOJ would soon make changes to its QE program and raise its target on the 10-year which currently stands at zero percent.
The dollar index (DXY00 -0.02%) is down -0.05% at a 1-week low. EUR/USD (^EURUSD -0.01%) is down -0.07%. USD/JPY (^USDJPY -0.27%) is down -0.28% at a 2-week low.
Sep 10-year T-note prices (ZNU18 +0-030) are up +4 ticks.
In its monthly report, the Bundesbank said, "the overall economic performance in the spring quarter of 2018 probably showed a little more momentum than at the beginning of the year."
The statement following this weekend's G-20 meeting said global growth remains robust and many emerging-market countries are better prepared to face crises, but risks to the world economy have increased. The main risks are "rising financial vulnerabilities, heightened trade and geopolitical tensions, global imbalances, inequality and structurally weak growth."
**U.S. Stock Preview**
Key U.S. news today includes: (1) Jun Chicago Fed national activity index (expected +0.45 to 0.30, May -0.57 to -0.15), (2) Jun existing home sales (expected +0.2% to 5.44 million, May -0.4% to 5.43 million), (3) USDA weekly grain export inspections, (4) USDA Jun Cold Storage, (5) USDA weekly Crop Progress.
Notable S&P 500 earnings reports today include: Alphabet (consensus $9.51), Whirlpool (3.70), Halliburton (0.58), Zions Bancorp (0.92), Whirlpool (3.70), Illinois Tool (1.97), Hasbro (0.29), Cadence Design System (0.40).
U.S. IPO's scheduled to price today: none.
Equity conferences during the remainder of this week: Unconventional Resources Technology Conference on Mon, Google Cloud Next 18 on Tue-Thu
**Overnight U.S. Stock Movers**
Fiat Chrysler Automobiles NV (FCAU -1.08%) was downgraded to 'Neutral' from 'Outperform' at MainFirst Bank AG.
Papa John's (PZZA +1.16%) was downgraded to 'Sell' from 'Hold' at Stifel.
Walgreens Boots Alliance (WBA +0.08%) was downgraded to 'Market Perform' from 'Outperform' at Cowen.
BJ's Wholesale Club Holdings (BJ +0.82%) was rated a new 'Buy' at Bank of America/Merrill Lynch with a price target of $30.
SunTrust Banks (STI +2.64%) was upgraded to 'Buy' from 'Neutral' at B Riley FBR with a price target of $81.
Hasbro (HAS +0.26%) jumped 7% in pre-market trading after it reported Q2 net revenue of $904.5 million, well above expectations of $839.3 million.
LifePoint Health (LPNT -1.44%) surged 38% in after-hours trading after Reuters reported that Apollo Global Management LLC is in advanced talks to acquire the hospital chain. Other healthcare stocks rallied on the news as well with Tenet Healthcare (THC -1.57%) up 5% and Community Health Systems (CYH -2.17%) up almost 4% in after-hours trading.
PayPal Holdings (PYPL +0.10%) may open higher initially this morning after DealReporter said that Third Point Offshore Investors Ltd is "poking around' PayPal.
Caesars Entertainment (CACQ -2.30%) was rated a new 'Buy' at Bank of America/Merrill Lynch with a price target of $14.
Entegra Financial (ENFC -1.16%) was downgraded to 'Market Perform' from 'Outperform' at FIG Partners LLC.
Cleveland-Cliffs (CLF +12.67%) was upgraded to 'Overweight' from 'Neutral' at JPMorgan Chase with a price target of $15.
JC Penney (JCP -2.34%) lost -0.4% in after-hours trading after CCO Joe McFarland said he will the company on August 1 to become executive vice president of stores for Lowe's, effective August 15.
General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only. The risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser. This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents. For Related news and other stories please visit - http://www.wideawakenews.com/ For Related videos on our Youtube channel please visit - http://www.youtube.com/user/pulsescan72 Be Sure to register for faster updates and commentaries at - BLOG 1: - http://pulsescan.blogspot.com/ BLOG 2: - http://seekingalpha.com/instablog/466159-pulsescan72/ BULLS make money... BEARS make money.... PIGS get slaughtered! "TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!
Sep E-mini S&Ps (ESU18 -0.09%) this morning are down -0.12% and European stocks are down -0.46% after finance chiefs from the Group of 20 nations expressed concern in their final statement Sunday from this weekend’s meeting in Brazil that trade tensions threaten expansion in the global economy. Strength in energy stocks limited losses in U.S. stock indexes as Sep WTI crude oil (CLU18 +1.07%) rose +1.25% after President Trump warned Iran of grave "consequences" if it threatens the U.S. Losses in European markets were contained after the Bundesbank said in its monthly report that "the overall economic performance in the spring quarter of 2018 probably showed a little more momentum than at the beginning of the year." Asian stocks settled mixed: Japan -1.33%, Hong Kong +0.11%, China +1.07%, Taiwan +0.14%, Australia -0.93%, Singapore -0.12%, South Korea -0.80%, India +0.61%. China's Shanghai Composite climbed to a 4-week high, led by a rally in bank stocks, after the PBOC released guidelines aimed at asset management practices that were deemed less severe than markets had expected. Japan's Nikkei Stock Index retreated as exporter stocks sold-off after the yen climbed to a 2-week high on reports that the BOJ would soon make changes to its QE program and raise its target on the 10-year which currently stands at zero percent.
The dollar index (DXY00 -0.02%) is down -0.05% at a 1-week low. EUR/USD (^EURUSD -0.01%) is down -0.07%. USD/JPY (^USDJPY -0.27%) is down -0.28% at a 2-week low.
Sep 10-year T-note prices (ZNU18 +0-030) are up +4 ticks.
In its monthly report, the Bundesbank said, "the overall economic performance in the spring quarter of 2018 probably showed a little more momentum than at the beginning of the year."
The statement following this weekend's G-20 meeting said global growth remains robust and many emerging-market countries are better prepared to face crises, but risks to the world economy have increased. The main risks are "rising financial vulnerabilities, heightened trade and geopolitical tensions, global imbalances, inequality and structurally weak growth."
**U.S. Stock Preview**
Key U.S. news today includes: (1) Jun Chicago Fed national activity index (expected +0.45 to 0.30, May -0.57 to -0.15), (2) Jun existing home sales (expected +0.2% to 5.44 million, May -0.4% to 5.43 million), (3) USDA weekly grain export inspections, (4) USDA Jun Cold Storage, (5) USDA weekly Crop Progress.
Notable S&P 500 earnings reports today include: Alphabet (consensus $9.51), Whirlpool (3.70), Halliburton (0.58), Zions Bancorp (0.92), Whirlpool (3.70), Illinois Tool (1.97), Hasbro (0.29), Cadence Design System (0.40).
U.S. IPO's scheduled to price today: none.
Equity conferences during the remainder of this week: Unconventional Resources Technology Conference on Mon, Google Cloud Next 18 on Tue-Thu
**Overnight U.S. Stock Movers**
Fiat Chrysler Automobiles NV (FCAU -1.08%) was downgraded to 'Neutral' from 'Outperform' at MainFirst Bank AG.
Papa John's (PZZA +1.16%) was downgraded to 'Sell' from 'Hold' at Stifel.
Walgreens Boots Alliance (WBA +0.08%) was downgraded to 'Market Perform' from 'Outperform' at Cowen.
BJ's Wholesale Club Holdings (BJ +0.82%) was rated a new 'Buy' at Bank of America/Merrill Lynch with a price target of $30.
SunTrust Banks (STI +2.64%) was upgraded to 'Buy' from 'Neutral' at B Riley FBR with a price target of $81.
Hasbro (HAS +0.26%) jumped 7% in pre-market trading after it reported Q2 net revenue of $904.5 million, well above expectations of $839.3 million.
LifePoint Health (LPNT -1.44%) surged 38% in after-hours trading after Reuters reported that Apollo Global Management LLC is in advanced talks to acquire the hospital chain. Other healthcare stocks rallied on the news as well with Tenet Healthcare (THC -1.57%) up 5% and Community Health Systems (CYH -2.17%) up almost 4% in after-hours trading.
PayPal Holdings (PYPL +0.10%) may open higher initially this morning after DealReporter said that Third Point Offshore Investors Ltd is "poking around' PayPal.
Caesars Entertainment (CACQ -2.30%) was rated a new 'Buy' at Bank of America/Merrill Lynch with a price target of $14.
Entegra Financial (ENFC -1.16%) was downgraded to 'Market Perform' from 'Outperform' at FIG Partners LLC.
Cleveland-Cliffs (CLF +12.67%) was upgraded to 'Overweight' from 'Neutral' at JPMorgan Chase with a price target of $15.
JC Penney (JCP -2.34%) lost -0.4% in after-hours trading after CCO Joe McFarland said he will the company on August 1 to become executive vice president of stores for Lowe's, effective August 15.
General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only. The risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser. This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents. For Related news and other stories please visit - http://www.wideawakenews.com/ For Related videos on our Youtube channel please visit - http://www.youtube.com/user/pulsescan72 Be Sure to register for faster updates and commentaries at - BLOG 1: - http://pulsescan.blogspot.com/ BLOG 2: - http://seekingalpha.com/instablog/466159-pulsescan72/ BULLS make money... BEARS make money.... PIGS get slaughtered! "TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!
Friday, July 20, 2018
07/20/2018 - **Overnight Markets and News**
**Overnight Markets and News**
Sep E-mini S&Ps (ESU18 -0.16%) this morning are down -0.23% and European stocks are down -0.34% on escalation of trade tensions after President Trump told CNBC this morning that he's "ready to go to" with $500 billion in new tariffs on Chinese goods. European automakers also tumbled after German Chancellor Merkel said the European Union is ready to retaliate against any U.S. auto tariffs. Asian stocks settled mostly higher: Japan -0.29%, Hong Kong +0.76%, China +2.05%, Taiwan +0.89%, Australia +0.37%, Singapore +0.62%, South Korea +0.35%, India +0.40% . China's Shanghai Composite fell to a 1-week low as the yuan sank to a new 1-year low against the dollar. However, Chinese stocks recovered and lifted most other Asian bourses as the Shanghai Stock Index reversed course and rallied to a 1-week high after a 21st Century Business Herald report said that Chinese mutual funds will be allowed to buy non-standard products. Japanese stocks closed lower after a stronger yen undercut exporter stocks.
The dollar index (DXY00 -0.10%) is down -0.07%. EUR/USD (^EURUSD +0.15%) is up +0.07%. USD/JPY (^USDJPY -0.06%) is down -0.03%.
Sep 10-year T-note prices (ZNU18 -0-015) are little changed, down -0.5 of a tick.
Japan Jun national CPI rose +0.7% y/y, weaker than expectations of +0.8% y/y. Jun national CPI ex fresh food rose +0.8.% y/y, right on expectations. Jun national CPI ex fresh food & energy rose +0.2% y/y, weaker than expectations of +0.4% y/y and the smallest pace of increase in 8 months.
German Jun PPI rose +0.3% m/m and +3.0% y/y, right on expectations with the +3.0% y/y gain the largest year-on-year increase in 9 months.
**U.S. Stock Preview**
Key U.S. news today includes: (1) St. Louis Fed President James Bullard (non-voter) speaks on the U.S. economy and monetary policy at the Glasgow Chamber of Commerce in Glasgow, KY, (2) USDA Jun Cattle on Feed.
Notable S&P 500 earnings reports today include: GE (consensus $0.18), Honeywell (2.01), Rockwell Collins (1.87), Citizens Financial (0.85), Stanley Black (2.02), Regions Financials (0.33), Suntrust Banks (1.31), Baker Hughes (0.14), VF Corp (0.33), Schlumberger (0.43), State St (2.01), Kansas City Southern (1.51).
U.S. IPO's scheduled to price today: none.
Equity conferences during the remainder of this week: none.
**Overnight U.S. Stock Movers**
Yum China (YUMC -2.20%) was downgraded to 'Underperform' from 'Neutral' at Bank of America/Merrill Lynch with a price target of $34.
Microsoft (MSFT -0.68%) is up more than 3% in pre-market trading after it reported Q4 revenue of $30.09 billion, better than consensus of $29.22 billion.
Intuitive Surgical (ISRG -1.25%) climbed more than 4% in after-hours trading after it reported Q2 adjusted EPS of $2.76, higher than consensus of $2.49.
Capital One Financial (COF -1.77%) gained more than 1% in after-hours trading after it reported Q2 adjusted EPS of $3.22, well above consensus of $2.63.
Skyworks Solutions (SWKS +0.44%) rallied more than 4% in after-hours trading after it reported Q3 adjusted EPS of $1.64, higher than consensus of $1.60.
General Electric (GE -0.15%) climbed nearly 3% in pre-market trading after it reported Q2 revenue of $30.1 billion, higher than consensus of $29.38 billion.
Celanese (CE -0.88%) moved up nearly 5% in after-hours trading after it reported Q2 adjusted EPS of $2.90, well above consensus of $2.43, and then forecast full-year adjusted EPS of $10.50 to $10.75, stronger than consensus of $9.65.
Exponent (EXPO +0.20%) fell more than 2% in after-hours trading after it reported Q2 EPS of 34 cents, below consensus of 46 cents.
Keurig Dr Pepper (KDP -1.45%) may initially open higher this morning after Mondelez reported a 13.8% stake in the company.
Semtech (SMTC +0.10%) was rated a new 'Buy' at Stifel with a price target of $60.
PTC Therapeutics (PTCT +4.46%) jumped 9% in after-hours trading after it acquired Agilis in a cash and stock deal worth about $200 million.
Skechers (SKX +1.84%) sank more than 20% in after-hours trading after it reported Q2 EPS of 29 cents, weaker than consensus of 41 cents, and then forecast Q3 EPS to be between 50 cents and 55 cents, well below consensus of 68 cents.
Zynerba Pharmaceuticals (ZYNE +2.36%) fell more than 16% in after-hours trading after it announced that it intends to offer $30 million of its common stock in an underwritten public offering.
Manhattan Bridge Capital (LOAN +1.42%) slipped almost 5% in after-hours trading after it announced that it proposing to offer its common stock in an underwritten public offering, although no size was given.
FTD Cos (FTD +1.35%) dropped 6% in after-hours trading after President and CEO John Walden stepped down effective immediately after the company reported Q2 preliminary revenue of $299 million, much weaker than expectations of $321.5 million.
General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only. The risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser. This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents. For Related news and other stories please visit - http://www.wideawakenews.com/ For Related videos on our Youtube channel please visit - http://www.youtube.com/user/pulsescan72 Be Sure to register for faster updates and commentaries at - BLOG 1: - http://pulsescan.blogspot.com/ BLOG 2: - http://seekingalpha.com/instablog/466159-pulsescan72/ BULLS make money... BEARS make money.... PIGS get slaughtered! "TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!
Sep E-mini S&Ps (ESU18 -0.16%) this morning are down -0.23% and European stocks are down -0.34% on escalation of trade tensions after President Trump told CNBC this morning that he's "ready to go to" with $500 billion in new tariffs on Chinese goods. European automakers also tumbled after German Chancellor Merkel said the European Union is ready to retaliate against any U.S. auto tariffs. Asian stocks settled mostly higher: Japan -0.29%, Hong Kong +0.76%, China +2.05%, Taiwan +0.89%, Australia +0.37%, Singapore +0.62%, South Korea +0.35%, India +0.40% . China's Shanghai Composite fell to a 1-week low as the yuan sank to a new 1-year low against the dollar. However, Chinese stocks recovered and lifted most other Asian bourses as the Shanghai Stock Index reversed course and rallied to a 1-week high after a 21st Century Business Herald report said that Chinese mutual funds will be allowed to buy non-standard products. Japanese stocks closed lower after a stronger yen undercut exporter stocks.
The dollar index (DXY00 -0.10%) is down -0.07%. EUR/USD (^EURUSD +0.15%) is up +0.07%. USD/JPY (^USDJPY -0.06%) is down -0.03%.
Sep 10-year T-note prices (ZNU18 -0-015) are little changed, down -0.5 of a tick.
Japan Jun national CPI rose +0.7% y/y, weaker than expectations of +0.8% y/y. Jun national CPI ex fresh food rose +0.8.% y/y, right on expectations. Jun national CPI ex fresh food & energy rose +0.2% y/y, weaker than expectations of +0.4% y/y and the smallest pace of increase in 8 months.
German Jun PPI rose +0.3% m/m and +3.0% y/y, right on expectations with the +3.0% y/y gain the largest year-on-year increase in 9 months.
**U.S. Stock Preview**
Key U.S. news today includes: (1) St. Louis Fed President James Bullard (non-voter) speaks on the U.S. economy and monetary policy at the Glasgow Chamber of Commerce in Glasgow, KY, (2) USDA Jun Cattle on Feed.
Notable S&P 500 earnings reports today include: GE (consensus $0.18), Honeywell (2.01), Rockwell Collins (1.87), Citizens Financial (0.85), Stanley Black (2.02), Regions Financials (0.33), Suntrust Banks (1.31), Baker Hughes (0.14), VF Corp (0.33), Schlumberger (0.43), State St (2.01), Kansas City Southern (1.51).
U.S. IPO's scheduled to price today: none.
Equity conferences during the remainder of this week: none.
**Overnight U.S. Stock Movers**
Yum China (YUMC -2.20%) was downgraded to 'Underperform' from 'Neutral' at Bank of America/Merrill Lynch with a price target of $34.
Microsoft (MSFT -0.68%) is up more than 3% in pre-market trading after it reported Q4 revenue of $30.09 billion, better than consensus of $29.22 billion.
Intuitive Surgical (ISRG -1.25%) climbed more than 4% in after-hours trading after it reported Q2 adjusted EPS of $2.76, higher than consensus of $2.49.
Capital One Financial (COF -1.77%) gained more than 1% in after-hours trading after it reported Q2 adjusted EPS of $3.22, well above consensus of $2.63.
Skyworks Solutions (SWKS +0.44%) rallied more than 4% in after-hours trading after it reported Q3 adjusted EPS of $1.64, higher than consensus of $1.60.
General Electric (GE -0.15%) climbed nearly 3% in pre-market trading after it reported Q2 revenue of $30.1 billion, higher than consensus of $29.38 billion.
Celanese (CE -0.88%) moved up nearly 5% in after-hours trading after it reported Q2 adjusted EPS of $2.90, well above consensus of $2.43, and then forecast full-year adjusted EPS of $10.50 to $10.75, stronger than consensus of $9.65.
Exponent (EXPO +0.20%) fell more than 2% in after-hours trading after it reported Q2 EPS of 34 cents, below consensus of 46 cents.
Keurig Dr Pepper (KDP -1.45%) may initially open higher this morning after Mondelez reported a 13.8% stake in the company.
Semtech (SMTC +0.10%) was rated a new 'Buy' at Stifel with a price target of $60.
PTC Therapeutics (PTCT +4.46%) jumped 9% in after-hours trading after it acquired Agilis in a cash and stock deal worth about $200 million.
Skechers (SKX +1.84%) sank more than 20% in after-hours trading after it reported Q2 EPS of 29 cents, weaker than consensus of 41 cents, and then forecast Q3 EPS to be between 50 cents and 55 cents, well below consensus of 68 cents.
Zynerba Pharmaceuticals (ZYNE +2.36%) fell more than 16% in after-hours trading after it announced that it intends to offer $30 million of its common stock in an underwritten public offering.
Manhattan Bridge Capital (LOAN +1.42%) slipped almost 5% in after-hours trading after it announced that it proposing to offer its common stock in an underwritten public offering, although no size was given.
FTD Cos (FTD +1.35%) dropped 6% in after-hours trading after President and CEO John Walden stepped down effective immediately after the company reported Q2 preliminary revenue of $299 million, much weaker than expectations of $321.5 million.
General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only. The risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser. This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents. For Related news and other stories please visit - http://www.wideawakenews.com/ For Related videos on our Youtube channel please visit - http://www.youtube.com/user/pulsescan72 Be Sure to register for faster updates and commentaries at - BLOG 1: - http://pulsescan.blogspot.com/ BLOG 2: - http://seekingalpha.com/instablog/466159-pulsescan72/ BULLS make money... BEARS make money.... PIGS get slaughtered! "TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!
Thursday, July 19, 2018
07/19/2018 - **Overnight Markets and News**
**Overnight Markets and News**
Sep E-mini S&Ps (ESU18 -0.27%) this morning are down -0.26% and European stocks are down -0.22% as global stocks and commodities fall on signs that world trade tensions are not going away anytime soon. China's foreign ministry said that China isn't afraid of a trade war after U.S. economic advisor Kudlow blamed Chinese President Xi Jinping for stalled trade talks, while the EU was said to prepare a new list of American goods to hit with new tariffs, which shows the global trade spat may be escalating. A sell-off in metals is undercutting miners and metal producing stocks with Aug COMEX gold (GCQ18 -0.94%) down -1.01% and Sep COMEX copper (HGU18 -2.68%) down -2.92%, both at 1-year lows. Asian stocks settled mostly lower: Japan -0.13%, Hong Kong -0.38%, China -0.53%, Taiwan -0.07%, Australia +0.28%, Singapore +1.14%, South Korea -0.19%, India -0.06%. China's Shanghai Composite fell to a 1-week low as the yuan tumbled to a 1-year low against the dollar on signs the PBOC is comfortable with the yuan's depreciation. Japanese stocks closed lower on signs that trade tensions may be starting to undercut global trade after Jun trade data showed Japanese exports and imports both rose less than expected.
The dollar index (DXY00 +0.44%) is up +0.49% at a 3-week high after the Fed's Beige Book, released Wednesday afternoon, showed that the U.S. economy was still expanding. EUR/USD (^EURUSD -0.36%) is down -0.40% at a 2-1/2 week low. USD/JPY (^USDJPY +0.13%)is up +0.16%. GBP/USD (^GBPUSD -0.58%) is down -0.70% at a 10-1/4 month low after an unexpected decline in UK Jun retail sales reduced the prospects of a BOE rate hike.
Sep 10-year T-note prices (ZNU18 -0-035) are down -5 ticks at a 3-week low on the prospects for further Fed rate hikes after Wednesday's upbeat Fed Beige Book.
UK Jun retail sales ex auto fuel unexpectedly fell -0.6% m/m, weaker than expectations of +0.1% m/m. Jun retail sales including auto fuel fell -0.5% m/m, weaker than expectations of +0.2% m/m.
The Japan Jun trade balance was in surplus by +721.4 billion yen, wider than expectations of +531.2 billion yen. Jun exports rose +5.7% y/y, weaker than expectations of +7.0% y/y. Jun imports rose +2.5% y/y, weaker than expectations of +5.3% y/y.
**U.S. Stock Preview**
Key U.S. news today includes: (1) weekly initial unemployment claims (expected +6,000 to 220,000, previous -18,000 to 214,000) and continuing claims (expected -10,000 to 1.729 million, previous -3,000 to 1.739 million), (2) Jul Philadelphia Fed business outlook survey (expected +1.6 to 21.5, Jun -14.5 to 19.9), (3) USDA weekly Export Sales, (4) Jun leading indicators (expected +0.4%, May +0.2%), (5) Treasury auctions $13 billion of 10-year TIPS.
Notable S&P 500 earnings reports today include: Microsoft (consensus $1.08), Capital One (2.62), Cintas (1.67), Union Pacific (1.95), Bank of NY Mellon (1.02), Fifth Third Bancorp (0.57), KeyCorp (0.42), Nucor (2.09), Genuine Parts (1.58), Danaher (1.09), BB&T (1.01), Travelers (2.41).
U.S. IPO's scheduled to price today: Replimune Group (REPL).
Equity conferences during the remainder of this week: none.
**Overnight U.S. Stock Movers**
eBay (EBAY +0.37%) is down more than 6% in pre-market trading after it cut its full-year net revenue estimate to $10.75 billion to $10.85 billion from a prior view of $10.9 billion to $11.1 billion, weaker than consensus of $10.95 billion.
Clorox (CLX -4.07%) was rated a new 'Sell' at UBS with a price target of $110.
Goldman Sachs (GS +0.10%) was upgraded to 'Strong Buy' from 'Market Outperform' at Vining Sparks with a price target of $285.
International Business Machines (IBM +0.72%) is up 3% in pre-market trading after it reported Q2 adjusted EPS of $3.08, higher than consensus of $3.04.
American Express (AXP +1.81%) fell 3% in after-hours trading after it reported Q2 revenue of $10.00 billion, below consensus of $10.07 billion and said Q2 consolidated expenses rose 7% y/y to $7.1 billion.
PTC (PTC -0.39%) dropped 4% in after-hours trading after it forecast Q4 revenue of $318 million to $323 million, well below consensus of $327.3 million.
Alcoa (AA -0.12%) fell 2% in after-hours trading after it cut its full-year adjusted Ebitda estimate to $3.0 billion-$3.2 billion from a prior view of $3.5 billion-$3.7 billion, citing tariffs that are causing "significant" headwind to earnings.
Century Aluminum (CENX +0.88%) slid nearly 3% in after-hours trading on negative carry-over from the action by Alcoa to cut its full-year earnings estimate.
Lions Gate Entertainment (@symbolPercentChange(LGF/B)) rose 2% in after-hours trading after it was upgraded to a 'Buy' from 'Hold' at SunTrust Robinson Humphrey with a price target of $27.
Resources Connection (RECN +0.29%) fell nearly 4% in after-hours trading after it reported Q4 EPS of 12 cents, well below consensus of 28 cents.
Noodles & Co (NDLS -2.07%) rallied more than 5% in after-hours trading after it reported Q2 revenue of $117.4 million, better than consensus of $114.3 million, and the raised its full-year revenue forecast to $450 million to $455 million, the midpoint above consensus of $451 million.
Datawatch (DWCH -3.00%) jumped 15% in after-hours trading after it reported Q3 revenue of $12.9 million, better than consensus of $11.8 million.
Sportsman's Warehouse Holdings (SPWH -2.97%) lost 2% in after-hours trading after holders offered 2.8 million shares of the company's stock via D.A. Davidson.
General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only. The risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser. This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents. For Related news and other stories please visit - http://www.wideawakenews.com/ For Related videos on our Youtube channel please visit - http://www.youtube.com/user/pulsescan72 Be Sure to register for faster updates and commentaries at - BLOG 1: - http://pulsescan.blogspot.com/ BLOG 2: - http://seekingalpha.com/instablog/466159-pulsescan72/ BULLS make money... BEARS make money.... PIGS get slaughtered! "TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!
Sep E-mini S&Ps (ESU18 -0.27%) this morning are down -0.26% and European stocks are down -0.22% as global stocks and commodities fall on signs that world trade tensions are not going away anytime soon. China's foreign ministry said that China isn't afraid of a trade war after U.S. economic advisor Kudlow blamed Chinese President Xi Jinping for stalled trade talks, while the EU was said to prepare a new list of American goods to hit with new tariffs, which shows the global trade spat may be escalating. A sell-off in metals is undercutting miners and metal producing stocks with Aug COMEX gold (GCQ18 -0.94%) down -1.01% and Sep COMEX copper (HGU18 -2.68%) down -2.92%, both at 1-year lows. Asian stocks settled mostly lower: Japan -0.13%, Hong Kong -0.38%, China -0.53%, Taiwan -0.07%, Australia +0.28%, Singapore +1.14%, South Korea -0.19%, India -0.06%. China's Shanghai Composite fell to a 1-week low as the yuan tumbled to a 1-year low against the dollar on signs the PBOC is comfortable with the yuan's depreciation. Japanese stocks closed lower on signs that trade tensions may be starting to undercut global trade after Jun trade data showed Japanese exports and imports both rose less than expected.
The dollar index (DXY00 +0.44%) is up +0.49% at a 3-week high after the Fed's Beige Book, released Wednesday afternoon, showed that the U.S. economy was still expanding. EUR/USD (^EURUSD -0.36%) is down -0.40% at a 2-1/2 week low. USD/JPY (^USDJPY +0.13%)is up +0.16%. GBP/USD (^GBPUSD -0.58%) is down -0.70% at a 10-1/4 month low after an unexpected decline in UK Jun retail sales reduced the prospects of a BOE rate hike.
Sep 10-year T-note prices (ZNU18 -0-035) are down -5 ticks at a 3-week low on the prospects for further Fed rate hikes after Wednesday's upbeat Fed Beige Book.
UK Jun retail sales ex auto fuel unexpectedly fell -0.6% m/m, weaker than expectations of +0.1% m/m. Jun retail sales including auto fuel fell -0.5% m/m, weaker than expectations of +0.2% m/m.
The Japan Jun trade balance was in surplus by +721.4 billion yen, wider than expectations of +531.2 billion yen. Jun exports rose +5.7% y/y, weaker than expectations of +7.0% y/y. Jun imports rose +2.5% y/y, weaker than expectations of +5.3% y/y.
**U.S. Stock Preview**
Key U.S. news today includes: (1) weekly initial unemployment claims (expected +6,000 to 220,000, previous -18,000 to 214,000) and continuing claims (expected -10,000 to 1.729 million, previous -3,000 to 1.739 million), (2) Jul Philadelphia Fed business outlook survey (expected +1.6 to 21.5, Jun -14.5 to 19.9), (3) USDA weekly Export Sales, (4) Jun leading indicators (expected +0.4%, May +0.2%), (5) Treasury auctions $13 billion of 10-year TIPS.
Notable S&P 500 earnings reports today include: Microsoft (consensus $1.08), Capital One (2.62), Cintas (1.67), Union Pacific (1.95), Bank of NY Mellon (1.02), Fifth Third Bancorp (0.57), KeyCorp (0.42), Nucor (2.09), Genuine Parts (1.58), Danaher (1.09), BB&T (1.01), Travelers (2.41).
U.S. IPO's scheduled to price today: Replimune Group (REPL).
Equity conferences during the remainder of this week: none.
**Overnight U.S. Stock Movers**
eBay (EBAY +0.37%) is down more than 6% in pre-market trading after it cut its full-year net revenue estimate to $10.75 billion to $10.85 billion from a prior view of $10.9 billion to $11.1 billion, weaker than consensus of $10.95 billion.
Clorox (CLX -4.07%) was rated a new 'Sell' at UBS with a price target of $110.
Goldman Sachs (GS +0.10%) was upgraded to 'Strong Buy' from 'Market Outperform' at Vining Sparks with a price target of $285.
International Business Machines (IBM +0.72%) is up 3% in pre-market trading after it reported Q2 adjusted EPS of $3.08, higher than consensus of $3.04.
American Express (AXP +1.81%) fell 3% in after-hours trading after it reported Q2 revenue of $10.00 billion, below consensus of $10.07 billion and said Q2 consolidated expenses rose 7% y/y to $7.1 billion.
PTC (PTC -0.39%) dropped 4% in after-hours trading after it forecast Q4 revenue of $318 million to $323 million, well below consensus of $327.3 million.
Alcoa (AA -0.12%) fell 2% in after-hours trading after it cut its full-year adjusted Ebitda estimate to $3.0 billion-$3.2 billion from a prior view of $3.5 billion-$3.7 billion, citing tariffs that are causing "significant" headwind to earnings.
Century Aluminum (CENX +0.88%) slid nearly 3% in after-hours trading on negative carry-over from the action by Alcoa to cut its full-year earnings estimate.
Lions Gate Entertainment (@symbolPercentChange(LGF/B)) rose 2% in after-hours trading after it was upgraded to a 'Buy' from 'Hold' at SunTrust Robinson Humphrey with a price target of $27.
Resources Connection (RECN +0.29%) fell nearly 4% in after-hours trading after it reported Q4 EPS of 12 cents, well below consensus of 28 cents.
Noodles & Co (NDLS -2.07%) rallied more than 5% in after-hours trading after it reported Q2 revenue of $117.4 million, better than consensus of $114.3 million, and the raised its full-year revenue forecast to $450 million to $455 million, the midpoint above consensus of $451 million.
Datawatch (DWCH -3.00%) jumped 15% in after-hours trading after it reported Q3 revenue of $12.9 million, better than consensus of $11.8 million.
Sportsman's Warehouse Holdings (SPWH -2.97%) lost 2% in after-hours trading after holders offered 2.8 million shares of the company's stock via D.A. Davidson.
General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only. The risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser. This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents. For Related news and other stories please visit - http://www.wideawakenews.com/ For Related videos on our Youtube channel please visit - http://www.youtube.com/user/pulsescan72 Be Sure to register for faster updates and commentaries at - BLOG 1: - http://pulsescan.blogspot.com/ BLOG 2: - http://seekingalpha.com/instablog/466159-pulsescan72/ BULLS make money... BEARS make money.... PIGS get slaughtered! "TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!
Wednesday, July 18, 2018
07/18/2018 - **Overnight Markets and News**
**Overnight Markets and News**
Sep E-mini S&Ps (ESU18 -0.04%) this morning are up +0.01% at a 5-1/2 month high and European stocks are up +0.63% at a 1-month high. A rally in automakers is leading the overall market higher after people with knowledge of the matter said European Commission President Juncker will meet President Trump next Tuesday to explore the possibility of starting negotiations on reducing car tariffs. Gains in Sep E-mini S&Ps were limited on weakness in technology stocks, led by a -0.5% decline in Alphabet in pre-market trading, after it was fined $5 billion by the EU. GBP/USD tumbled to a 10-1/4 month low after UK Jun CPI came in weaker-than-expected. Asian stocks settled mixed: Japan +0.43%, Hong Kong -0.23%, China -0.39%, Taiwan +0.59%, Australia +0.67%, Singapore +0.03%, South Korea -0.14%, India -0.40%. Chinese stocks moved lower as the yuan dropped to an 11-1/4 month low against the dollar. The Nikkei Stock Index rallied to a 1-month high on strength in exporters after USD/JPY rose to a new 6-1/4 month high, which improves the earnings prospects of exporters.
The dollar index (DXY00 +0.38%) is up +0.33% at a 2-week high on upbeat comments from Kansas City Fed President George who said the U.S. economy is in "excellent" shape and firing on all cylinders. EUR/USD (^EURUSD -0.34%) is down -0.36% at a 2-week low after Eurozone Jun core CPI was revised lower. USD/JPY (^USDJPY +0.09%) is up +0.11% at a 6-1/4 month high on central bank divergence after Fed Chair Powell said Tuesday the Fed will continue to gradually raise interest rates while the BOJ continues its QE program.
Sep 10-year T-note prices (ZNU18 +0-020) are up +1.5 ticks.
Kansas City Fed President George said the economy is in "excellent" shape, firing on all cylinders, and that "the Fed's large holdings of Treasury securities may be keeping longer-term rates below where they otherwise would be, and, therefore, distorting the signal from the yield curve."
Eurozone Jun core CPI was revised lower to +0.9% y/y from the previously reported +1.0% y/y.
UK Jun CPI was unch m/m and rose +2.4% y/y, weaker than expectations of +0.2% m/m and +2.% y/y. Jun core CPI rose +1.9% y/y, weaker than expectations of +2.1 y/y and the slowest pace of increase n 15-months.
The UK May house price increase rose +4.0% y/y, weaker than expectations of +3.7% y/y and the smallest pace of increase in 4-3/4 years.
**U.S. Stock Preview**
Key U.S. news today includes: (1) weekly MBA mortgage applications (previous up +2.5% to 372.6 with purchase sub-index up +6.5% to 261.5 and refi sub-index down -3.8% to 958.5), (2) Jun housing starts (expected -2.2% to 1.320 million, May +5.0% to 1.350 million), (3) Fed Chair Jerome Powell speaks on monetary policy and the state of the economy before the House Financial Services Committee, (4) EIA weekly Petroleum Status Report, (5) Fed Beige Book.
Notable S&P 500 earnings reports today include: Morgan Stanley (consensus $1.11), Amex (1.82), IBM (3.04), eBay (0.51), Abbott Labs (0.71), Northern Trust (1.63), Textron (0.70), WW Grainger (3.71), United Rentals (3.43), Kinder Morgan (0.20).
U.S. IPO's scheduled to price today: DERMAdoctor (DDOC), AFG Holdings (AFGL), First Western Financial (MYFW), Constellation Pharmaceuticals (CNST), Establishment Labs Holdings (ESTA), Allakos Inc (ALLK), Tilray (TLRY).
Equity conferences during the remainder of this week: Sprott Natural Resource Symposium on Wed, 64th ISTH (International Society on Thrombosis and Haemostasis) Conference on Wed.
**Overnight U.S. Stock Movers**
Alphabet (GOOG +1.26%) is down -0.5% in pre-market trading after the EU was said to fine the company 4.3 billion euros ($5 billion) over apps for Android mobile devices.
Morgan Stanley (MS +0.57%) rose 3% in pre-market trading after it reported Q2 FICC sales and trading revenue of $1.40 billion, better than consensus of $1.24 billion.
BorgWarner (BWA +1.81%) was upgraded to 'Outperform' from 'Market Perform' at Wells Fargo Securities with a price target of $56.
Equinix (EQIX -0.30%) was rated a new 'Outperform' at BMO Capital Markets with a price target of $526.
CSX Corp (CSX +0.69%) climbed almost 3% in after-hours trading after it reported Q2 revenue of $3.10 billion, better than consensus of $3.01 billion.
Mellanox Technologies Ltd (MLNX +0.89%) gained more than 1% after it reported Q2 revenue of $268.5 million, above consensus of $263.3 million, and then forecast Q3 revenue of $270 million to $280 million, higher than consensus of $269.8 million.
United Continental (UAL +0.50%) rose 3% in after-hours trading after it reported Q2 adjusted EPS of $3.23, higher than consensus of $3.06.
Healthcare Services Group (HCSG -0.80%) fell nearly 7% in after-hours trading after it reported Q2 revenue of $503.7 million, weaker than consensus of $508.6 million.
Sonic Automotive (SAH +1.24%) dropped 11% in after-hours trading after it said preliminary Q2 adjusted EPS will be 32 cents to 36 cents, weaker than consensus of 49 cents, and then lowered its full-year adjusted EPS forecast to $1.90 to $2.00, below consensus of $2.26.
Cara Therapeutics (CARA +2.08%) sild more than 4% in after-hours trading after it announced that it had commenced an underwritten public offering of 4.5 million shares of its common stock.
Marten Transport Ltd (MRTN +0.23%) rose 8% in after-hours trading after it reported Q2 EPS of 25 cents, better than consensus of 22 cents.
Coherus Biosciences (CHRS +0.34%) surged 17% in after-hours trading after it said it expects its marketing application for its CHS-1701 will be included in the European Medicines Agency's Committee for Medicinal Products for Human Use meeting agenda for July.
RumbleON (RMBL -6.93%) lost more than 2% in after-hours trading after it proposed an underwritten public offering of $10 million in shares of its Class B common stock.
General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only. The risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser. This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents. For Related news and other stories please visit - http://www.wideawakenews.com/ For Related videos on our Youtube channel please visit - http://www.youtube.com/user/pulsescan72 Be Sure to register for faster updates and commentaries at - BLOG 1: - http://pulsescan.blogspot.com/ BLOG 2: - http://seekingalpha.com/instablog/466159-pulsescan72/ BULLS make money... BEARS make money.... PIGS get slaughtered! "TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!
Sep E-mini S&Ps (ESU18 -0.04%) this morning are up +0.01% at a 5-1/2 month high and European stocks are up +0.63% at a 1-month high. A rally in automakers is leading the overall market higher after people with knowledge of the matter said European Commission President Juncker will meet President Trump next Tuesday to explore the possibility of starting negotiations on reducing car tariffs. Gains in Sep E-mini S&Ps were limited on weakness in technology stocks, led by a -0.5% decline in Alphabet in pre-market trading, after it was fined $5 billion by the EU. GBP/USD tumbled to a 10-1/4 month low after UK Jun CPI came in weaker-than-expected. Asian stocks settled mixed: Japan +0.43%, Hong Kong -0.23%, China -0.39%, Taiwan +0.59%, Australia +0.67%, Singapore +0.03%, South Korea -0.14%, India -0.40%. Chinese stocks moved lower as the yuan dropped to an 11-1/4 month low against the dollar. The Nikkei Stock Index rallied to a 1-month high on strength in exporters after USD/JPY rose to a new 6-1/4 month high, which improves the earnings prospects of exporters.
The dollar index (DXY00 +0.38%) is up +0.33% at a 2-week high on upbeat comments from Kansas City Fed President George who said the U.S. economy is in "excellent" shape and firing on all cylinders. EUR/USD (^EURUSD -0.34%) is down -0.36% at a 2-week low after Eurozone Jun core CPI was revised lower. USD/JPY (^USDJPY +0.09%) is up +0.11% at a 6-1/4 month high on central bank divergence after Fed Chair Powell said Tuesday the Fed will continue to gradually raise interest rates while the BOJ continues its QE program.
Sep 10-year T-note prices (ZNU18 +0-020) are up +1.5 ticks.
Kansas City Fed President George said the economy is in "excellent" shape, firing on all cylinders, and that "the Fed's large holdings of Treasury securities may be keeping longer-term rates below where they otherwise would be, and, therefore, distorting the signal from the yield curve."
Eurozone Jun core CPI was revised lower to +0.9% y/y from the previously reported +1.0% y/y.
UK Jun CPI was unch m/m and rose +2.4% y/y, weaker than expectations of +0.2% m/m and +2.% y/y. Jun core CPI rose +1.9% y/y, weaker than expectations of +2.1 y/y and the slowest pace of increase n 15-months.
The UK May house price increase rose +4.0% y/y, weaker than expectations of +3.7% y/y and the smallest pace of increase in 4-3/4 years.
**U.S. Stock Preview**
Key U.S. news today includes: (1) weekly MBA mortgage applications (previous up +2.5% to 372.6 with purchase sub-index up +6.5% to 261.5 and refi sub-index down -3.8% to 958.5), (2) Jun housing starts (expected -2.2% to 1.320 million, May +5.0% to 1.350 million), (3) Fed Chair Jerome Powell speaks on monetary policy and the state of the economy before the House Financial Services Committee, (4) EIA weekly Petroleum Status Report, (5) Fed Beige Book.
Notable S&P 500 earnings reports today include: Morgan Stanley (consensus $1.11), Amex (1.82), IBM (3.04), eBay (0.51), Abbott Labs (0.71), Northern Trust (1.63), Textron (0.70), WW Grainger (3.71), United Rentals (3.43), Kinder Morgan (0.20).
U.S. IPO's scheduled to price today: DERMAdoctor (DDOC), AFG Holdings (AFGL), First Western Financial (MYFW), Constellation Pharmaceuticals (CNST), Establishment Labs Holdings (ESTA), Allakos Inc (ALLK), Tilray (TLRY).
Equity conferences during the remainder of this week: Sprott Natural Resource Symposium on Wed, 64th ISTH (International Society on Thrombosis and Haemostasis) Conference on Wed.
**Overnight U.S. Stock Movers**
Alphabet (GOOG +1.26%) is down -0.5% in pre-market trading after the EU was said to fine the company 4.3 billion euros ($5 billion) over apps for Android mobile devices.
Morgan Stanley (MS +0.57%) rose 3% in pre-market trading after it reported Q2 FICC sales and trading revenue of $1.40 billion, better than consensus of $1.24 billion.
BorgWarner (BWA +1.81%) was upgraded to 'Outperform' from 'Market Perform' at Wells Fargo Securities with a price target of $56.
Equinix (EQIX -0.30%) was rated a new 'Outperform' at BMO Capital Markets with a price target of $526.
CSX Corp (CSX +0.69%) climbed almost 3% in after-hours trading after it reported Q2 revenue of $3.10 billion, better than consensus of $3.01 billion.
Mellanox Technologies Ltd (MLNX +0.89%) gained more than 1% after it reported Q2 revenue of $268.5 million, above consensus of $263.3 million, and then forecast Q3 revenue of $270 million to $280 million, higher than consensus of $269.8 million.
United Continental (UAL +0.50%) rose 3% in after-hours trading after it reported Q2 adjusted EPS of $3.23, higher than consensus of $3.06.
Healthcare Services Group (HCSG -0.80%) fell nearly 7% in after-hours trading after it reported Q2 revenue of $503.7 million, weaker than consensus of $508.6 million.
Sonic Automotive (SAH +1.24%) dropped 11% in after-hours trading after it said preliminary Q2 adjusted EPS will be 32 cents to 36 cents, weaker than consensus of 49 cents, and then lowered its full-year adjusted EPS forecast to $1.90 to $2.00, below consensus of $2.26.
Cara Therapeutics (CARA +2.08%) sild more than 4% in after-hours trading after it announced that it had commenced an underwritten public offering of 4.5 million shares of its common stock.
Marten Transport Ltd (MRTN +0.23%) rose 8% in after-hours trading after it reported Q2 EPS of 25 cents, better than consensus of 22 cents.
Coherus Biosciences (CHRS +0.34%) surged 17% in after-hours trading after it said it expects its marketing application for its CHS-1701 will be included in the European Medicines Agency's Committee for Medicinal Products for Human Use meeting agenda for July.
RumbleON (RMBL -6.93%) lost more than 2% in after-hours trading after it proposed an underwritten public offering of $10 million in shares of its Class B common stock.
General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only. The risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser. This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents. For Related news and other stories please visit - http://www.wideawakenews.com/ For Related videos on our Youtube channel please visit - http://www.youtube.com/user/pulsescan72 Be Sure to register for faster updates and commentaries at - BLOG 1: - http://pulsescan.blogspot.com/ BLOG 2: - http://seekingalpha.com/instablog/466159-pulsescan72/ BULLS make money... BEARS make money.... PIGS get slaughtered! "TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!
Tuesday, July 17, 2018
07/17/2018 - **Overnight Markets and News**
**Overnight Markets and News**
Sep E-mini S&Ps (ESU18 -0.15%) this morning are down -0.13% and European stocks are down -0.44% on position squaring and long liquidation ahead of Fed Chair Powell's testimony before the Senate Banking Committee later this morning. The markets will scour Powell's comments as to clues about the future pace of Fed tightening. Also, a 12% slide in Netflix in pre-market trading is leading technology stocks lower after the company reported fewer new subscribers than expected. Asian stocks settled mostly lower: Japan +0.44%, Hong Kong -1.25%, China -0.57%, Taiwan -0.36%, Australia -0.61%, Singapore +0.21%, South Korea -0.16%, India +0.54%. Japan's Nikkei Stock Index climbed to a 1-month high on strength in automakers and exporters as USD/JPY consolidates just below Friday's 6-1/4 month high.
The dollar index (DXY00 +0.05%) is down -0.01%. EUR/USD (^EURUSD -0.02%) is up +0.06%. USD/JPY (^USDJPY +0.22%) is up +0.20%.
Sep 10-year T-note prices (ZNU18 unch) are little changed, down -0.5 of a tick.
Eurozone Jun new car registrations rose +5.2% y/y at 1,569,067 and year-to-date are up +2.9% y/y at 8,449,247.
The UK ILO unemployment rate was unchanged for the three months through May at 4.2%, right on expectations.
UK May avg weekly earnings were +2.5% 3-mo avg y/y, right on expectations. May weekly earnings ex-bonus were up +2.7% 3-mo avg y/y, right on expectations.
China Jun new home prices rose +1.1% n/n and +5.8% y/y.
**U.S. Stock Preview**
Key U.S. news today includes: (1) Jun industrial production (expected +0.5%, May -0.1%) and Jun manufacturing production (expected +0.7%, May -0.7%), (2) Jul NAHB housing market index (expected unch at 68, Jun -2 to 68), (3) Fed Chair Jerome Powell delivers semi-annual report on the economy before the Senate Banking Committee and then answers lawmaker questions.
Notable S&P 500 earnings reports today include: Golman Sachs (consensus $4.66), UnitedHealth Group (3.04), Comerica (1.66), Progressive Corp (1.11), Johnson & Johnson (2.07), Charles Schwab (0.48), CSX (0.87), United Continental Holdings (3.06).
U.S. IPO's scheduled to price today: Coastal Financial Corp (CCB), Crinetics Pharmaceuticals (CRNX).
Equity conferences during the remainder of this week: Sprott Natural Resource Symposium on Wed, 64th ISTH (International Society on Thrombosis and Haemostasis) Conference on Wed.
**Overnight U.S. Stock Movers**
Netflix (NFLX +1.18%) tumbled 12% in pre-market trading after it reported Q2 revenue of $3.91 billion, weaker than consensus of $3.94 billion, and said that it added 5.2 million users in Q2, 1 million below expectations of 6.2 million subscribers.
Amazon.com (AMZN +0.52%) is down more than 1% in pre-market trading after the company reported technical glitches on its website and app during its Prime Day sales promotion.
Intel (INTC -0.40%) was downgraded to 'In-line' from 'Outperform' at Evercore ISI.
Manitowoc (MTW -1.50%) was downgraded to 'Sell' from 'Neutral' at Goldman Sachs with a price target of $22.
First American Financial (FAF +0.12%) was upgraded to 'Outperform' from 'Market Perform' at Keefe, Bruyette & Woods with a price target of $61.
Wolverine World Wide (WWW +0.86%) was upgraded to 'Strong Buy' from 'Buy' at CL King & Associates with a price target of $41.
Goodyear Tire & Rubber (GT -1.15%) is down almost 3% in pre-market trading after it was downgraded to 'Sell' from 'Neutral' at Goldman Sachs with a price target of $18.
International Game Technology PLC (IGT -1.97%) rose nearly 3% in after-hours trading after FanDuel announced that IGT will be the sport's betting platform provider at Meadowlands Racetrack in East Rutherford, NJ.
Carbonite (CARB -0.13%) dropped 6% in after-hours trading after it announced that it had commenced a proposed public offering of 4.0 million shares of its common stock.
Xeris Pharmaceuticals (XERS -0.54%) was rated a new 'Buy' at Mizuho Securities with a price target of $26.
Redfin (RDFN +2.00%) fell almost 5% in after-hours trading after it announced that it intends to offer 3.5 million shares of its common stock in an underwritten public offering.
Evolus (EOLS -3.97%) sank 12% in after-hours trading after it commenced a proposed underwritten public offering of 5.0 million shares of its common stock with 2.5 million shares being offered by Evolus and 2.5 million shares to be offered by a selling stockholder of Evolus.
Switch (SWCH +1.02%) was rated a new 'Buy' at Stifel with a price target of $15.
Avid Bioservices (CDMO -3.66%) climbed 6% in after-hours trading after it reported an unexpected Q4 profit of 3 cents, better than consensus of a -15 cents per share loss.
General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only. The risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser. This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents. For Related news and other stories please visit - http://www.wideawakenews.com/ For Related videos on our Youtube channel please visit - http://www.youtube.com/user/pulsescan72 Be Sure to register for faster updates and commentaries at - BLOG 1: - http://pulsescan.blogspot.com/ BLOG 2: - http://seekingalpha.com/instablog/466159-pulsescan72/ BULLS make money... BEARS make money.... PIGS get slaughtered! "TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!
Sep E-mini S&Ps (ESU18 -0.15%) this morning are down -0.13% and European stocks are down -0.44% on position squaring and long liquidation ahead of Fed Chair Powell's testimony before the Senate Banking Committee later this morning. The markets will scour Powell's comments as to clues about the future pace of Fed tightening. Also, a 12% slide in Netflix in pre-market trading is leading technology stocks lower after the company reported fewer new subscribers than expected. Asian stocks settled mostly lower: Japan +0.44%, Hong Kong -1.25%, China -0.57%, Taiwan -0.36%, Australia -0.61%, Singapore +0.21%, South Korea -0.16%, India +0.54%. Japan's Nikkei Stock Index climbed to a 1-month high on strength in automakers and exporters as USD/JPY consolidates just below Friday's 6-1/4 month high.
The dollar index (DXY00 +0.05%) is down -0.01%. EUR/USD (^EURUSD -0.02%) is up +0.06%. USD/JPY (^USDJPY +0.22%) is up +0.20%.
Sep 10-year T-note prices (ZNU18 unch) are little changed, down -0.5 of a tick.
Eurozone Jun new car registrations rose +5.2% y/y at 1,569,067 and year-to-date are up +2.9% y/y at 8,449,247.
The UK ILO unemployment rate was unchanged for the three months through May at 4.2%, right on expectations.
UK May avg weekly earnings were +2.5% 3-mo avg y/y, right on expectations. May weekly earnings ex-bonus were up +2.7% 3-mo avg y/y, right on expectations.
China Jun new home prices rose +1.1% n/n and +5.8% y/y.
**U.S. Stock Preview**
Key U.S. news today includes: (1) Jun industrial production (expected +0.5%, May -0.1%) and Jun manufacturing production (expected +0.7%, May -0.7%), (2) Jul NAHB housing market index (expected unch at 68, Jun -2 to 68), (3) Fed Chair Jerome Powell delivers semi-annual report on the economy before the Senate Banking Committee and then answers lawmaker questions.
Notable S&P 500 earnings reports today include: Golman Sachs (consensus $4.66), UnitedHealth Group (3.04), Comerica (1.66), Progressive Corp (1.11), Johnson & Johnson (2.07), Charles Schwab (0.48), CSX (0.87), United Continental Holdings (3.06).
U.S. IPO's scheduled to price today: Coastal Financial Corp (CCB), Crinetics Pharmaceuticals (CRNX).
Equity conferences during the remainder of this week: Sprott Natural Resource Symposium on Wed, 64th ISTH (International Society on Thrombosis and Haemostasis) Conference on Wed.
**Overnight U.S. Stock Movers**
Netflix (NFLX +1.18%) tumbled 12% in pre-market trading after it reported Q2 revenue of $3.91 billion, weaker than consensus of $3.94 billion, and said that it added 5.2 million users in Q2, 1 million below expectations of 6.2 million subscribers.
Amazon.com (AMZN +0.52%) is down more than 1% in pre-market trading after the company reported technical glitches on its website and app during its Prime Day sales promotion.
Intel (INTC -0.40%) was downgraded to 'In-line' from 'Outperform' at Evercore ISI.
Manitowoc (MTW -1.50%) was downgraded to 'Sell' from 'Neutral' at Goldman Sachs with a price target of $22.
First American Financial (FAF +0.12%) was upgraded to 'Outperform' from 'Market Perform' at Keefe, Bruyette & Woods with a price target of $61.
Wolverine World Wide (WWW +0.86%) was upgraded to 'Strong Buy' from 'Buy' at CL King & Associates with a price target of $41.
Goodyear Tire & Rubber (GT -1.15%) is down almost 3% in pre-market trading after it was downgraded to 'Sell' from 'Neutral' at Goldman Sachs with a price target of $18.
International Game Technology PLC (IGT -1.97%) rose nearly 3% in after-hours trading after FanDuel announced that IGT will be the sport's betting platform provider at Meadowlands Racetrack in East Rutherford, NJ.
Carbonite (CARB -0.13%) dropped 6% in after-hours trading after it announced that it had commenced a proposed public offering of 4.0 million shares of its common stock.
Xeris Pharmaceuticals (XERS -0.54%) was rated a new 'Buy' at Mizuho Securities with a price target of $26.
Redfin (RDFN +2.00%) fell almost 5% in after-hours trading after it announced that it intends to offer 3.5 million shares of its common stock in an underwritten public offering.
Evolus (EOLS -3.97%) sank 12% in after-hours trading after it commenced a proposed underwritten public offering of 5.0 million shares of its common stock with 2.5 million shares being offered by Evolus and 2.5 million shares to be offered by a selling stockholder of Evolus.
Switch (SWCH +1.02%) was rated a new 'Buy' at Stifel with a price target of $15.
Avid Bioservices (CDMO -3.66%) climbed 6% in after-hours trading after it reported an unexpected Q4 profit of 3 cents, better than consensus of a -15 cents per share loss.
General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only. The risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser. This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents. For Related news and other stories please visit - http://www.wideawakenews.com/ For Related videos on our Youtube channel please visit - http://www.youtube.com/user/pulsescan72 Be Sure to register for faster updates and commentaries at - BLOG 1: - http://pulsescan.blogspot.com/ BLOG 2: - http://seekingalpha.com/instablog/466159-pulsescan72/ BULLS make money... BEARS make money.... PIGS get slaughtered! "TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!
Monday, July 16, 2018
07-16-2018 - **Overnight Markets and News**
**Overnight Markets and News**
Sep E-mini S&Ps (ESU18 -0.08%) this morning are up +0.02% and European stocks are down -0.11%. Sep E-mine S&Ps posted a new 4-month high in overnight trade on strength in bank stocks. Bank of America is up 2% in pre-market trading after it reported Q2 adjusted EPS of 64 cents, higher than expectations of 57 cents, and Deutsche Bank AG jumped 5% after it said it sees Q2 quarterly earnings results well above market expectations. Gains in the overall market were limited due to weakness in energy stocks. Energy stocks retreated as Aug WTI crude oil prices (CLQ18 -1.63%) fall -1.62% on signs that Saudi Arabia is boosting oil supplies after people with knowledge of the matter said Saudi Arabia is offering extra crude oil cargoes on top of its contractual supplies to some buyers in Asia for August delivery. Also, the Trump administration said it is actively considering tapping into the Strategic Petroleum Reserve in an attempt to lower domestic gasoline prices. Asian stocks settled mostly lower: Japan closed for holiday, Hong Kong +0.05%, China -0.61%, Taiwan -0.43%, Australia -0.43%, Singapore -0.85%, South Korea -0.43%, India -0.60%. Chinese stocks fell back on mixed economic data after China's Jun industrial output slowed more than expected, although Jun retail sales increased more than expected and Q2 GDP growth came in right on expectations.
The dollar index (DXY00 -0.35%) is down -0.21%. EUR/USD (^EURUSD +0.34%) is up +0.31%. USD/JPY (^USDJPY unch) is down -0.04%.
Sep 10-year T-note prices (ZNU18 -0-010) are down -1 tick.
China Jun industrial production rose +6.0% y/y, weaker than expectations of +6.5% y/y.
China Q2 GDP grew at a 6.7% y/y pace, right on expectations.
China Jun retail sales rose +9.0% y/y, stronger than expectations of +8.8% y/y.
**U.S. Stock Preview**
Key U.S. news today includes: (1) Jun retail sales (expected +0.5% and +0.3% ex autos, May +0.8% and +0.9% ex autos), (2) Jul Empire manufacturing index (expected -4.0 to 21.0, Jun +4.9 to 25.0), (3) May business inventories (expected +0.4%, Apr +0.3%), (4) USDA weekly grain export inspections, (5) USDA weekly Crop Progress.
Notable S&P 500 earnings reports today include: Bank of America (consensus $0.57), Blackrock (6.57), Netflix (0.79), JB Hunt Transportation (1.28).
U.S. IPO's scheduled to price today: none.
Equity conferences during the remainder of this week: Sprott Natural Resource Symposium on Wed, 64th ISTH (International Society on Thrombosis and Haemostasis) Conference on Wed.
**Overnight U.S. Stock Movers**
Bank of America (BAC -0.76%) is up 2% in pre-market trading after it reported Q2 adjusted EPS of 64 cents, higher than consensus of 57 cents.
United Parcel Service (UPS +0.41%) was upgraded to 'Buy' from 'Neutral at UBS with a price target of $125.
Public Storage (PSA -0.63%) was downgraded to 'Underperform' from 'In-line' at Evercore ISI with a price target of $217.
Hasbro (HAS -0.90%) was downgraded to 'Underperform' from 'Market Perform' at BMO Capital Markets with a price target of $75.
Veoneer (VNE -1.12%) was rated a new 'Outperform' at BMO Capital Markets with a price target of $55.
Knight-Swift Transportation Holdings (KNX -0.21%) was upgraded to 'Overweight' from 'Equal-Weight' at Barclays with a price target of $55.
Novocure Ltd (NVCR -0.75%) was rated a new 'Outperform' at Evercore ISI with a price target of $46/
Autoliv (ALV +0.62%) was upgraded to 'Outperform' from 'Neutral' at Daiwa Securities with a price target of $118.
JM Smucker (SJM +1.21%) may open higher initially this morning after it boosted its quarterly dividend after the close Friday to 85 cents a share from 78 cents, above consensus of 82 cents.
Ryder System (R +0.70%) may open higher initially this morning after it unexpectedly boosted its quarterly dividend after the close Friday to 54 cents a share from 52 cents a share.
Skyline Champion (SKY -0.24%) filed to sell up to $100 million of its common stock under shelf registration.
Sangamo Therapeutics (SGMO -1.63%) fell 2% in after-hours trading after CTO Michael Holmes resigned effective July 20 to join a startup biotech company. He will be re[laced by Edward Rebar.
Mustang Bio (MBIO +0.67%) filed a $75 million mixed securities shelf.
ShiftPixy (PIXY +68.61%) rose 2% in after-hours trading after it reported Q3 preliminary gross billings rose $60.2 million versus $27.5 million y/y.
General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only. The risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser. This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents. For Related news and other stories please visit - http://www.wideawakenews.com/ For Related videos on our Youtube channel please visit - http://www.youtube.com/user/pulsescan72 Be Sure to register for faster updates and commentaries at - BLOG 1: - http://pulsescan.blogspot.com/ BLOG 2: - http://seekingalpha.com/instablog/466159-pulsescan72/ BULLS make money... BEARS make money.... PIGS get slaughtered! "TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!
Sep E-mini S&Ps (ESU18 -0.08%) this morning are up +0.02% and European stocks are down -0.11%. Sep E-mine S&Ps posted a new 4-month high in overnight trade on strength in bank stocks. Bank of America is up 2% in pre-market trading after it reported Q2 adjusted EPS of 64 cents, higher than expectations of 57 cents, and Deutsche Bank AG jumped 5% after it said it sees Q2 quarterly earnings results well above market expectations. Gains in the overall market were limited due to weakness in energy stocks. Energy stocks retreated as Aug WTI crude oil prices (CLQ18 -1.63%) fall -1.62% on signs that Saudi Arabia is boosting oil supplies after people with knowledge of the matter said Saudi Arabia is offering extra crude oil cargoes on top of its contractual supplies to some buyers in Asia for August delivery. Also, the Trump administration said it is actively considering tapping into the Strategic Petroleum Reserve in an attempt to lower domestic gasoline prices. Asian stocks settled mostly lower: Japan closed for holiday, Hong Kong +0.05%, China -0.61%, Taiwan -0.43%, Australia -0.43%, Singapore -0.85%, South Korea -0.43%, India -0.60%. Chinese stocks fell back on mixed economic data after China's Jun industrial output slowed more than expected, although Jun retail sales increased more than expected and Q2 GDP growth came in right on expectations.
The dollar index (DXY00 -0.35%) is down -0.21%. EUR/USD (^EURUSD +0.34%) is up +0.31%. USD/JPY (^USDJPY unch) is down -0.04%.
Sep 10-year T-note prices (ZNU18 -0-010) are down -1 tick.
China Jun industrial production rose +6.0% y/y, weaker than expectations of +6.5% y/y.
China Q2 GDP grew at a 6.7% y/y pace, right on expectations.
China Jun retail sales rose +9.0% y/y, stronger than expectations of +8.8% y/y.
**U.S. Stock Preview**
Key U.S. news today includes: (1) Jun retail sales (expected +0.5% and +0.3% ex autos, May +0.8% and +0.9% ex autos), (2) Jul Empire manufacturing index (expected -4.0 to 21.0, Jun +4.9 to 25.0), (3) May business inventories (expected +0.4%, Apr +0.3%), (4) USDA weekly grain export inspections, (5) USDA weekly Crop Progress.
Notable S&P 500 earnings reports today include: Bank of America (consensus $0.57), Blackrock (6.57), Netflix (0.79), JB Hunt Transportation (1.28).
U.S. IPO's scheduled to price today: none.
Equity conferences during the remainder of this week: Sprott Natural Resource Symposium on Wed, 64th ISTH (International Society on Thrombosis and Haemostasis) Conference on Wed.
**Overnight U.S. Stock Movers**
Bank of America (BAC -0.76%) is up 2% in pre-market trading after it reported Q2 adjusted EPS of 64 cents, higher than consensus of 57 cents.
United Parcel Service (UPS +0.41%) was upgraded to 'Buy' from 'Neutral at UBS with a price target of $125.
Public Storage (PSA -0.63%) was downgraded to 'Underperform' from 'In-line' at Evercore ISI with a price target of $217.
Hasbro (HAS -0.90%) was downgraded to 'Underperform' from 'Market Perform' at BMO Capital Markets with a price target of $75.
Veoneer (VNE -1.12%) was rated a new 'Outperform' at BMO Capital Markets with a price target of $55.
Knight-Swift Transportation Holdings (KNX -0.21%) was upgraded to 'Overweight' from 'Equal-Weight' at Barclays with a price target of $55.
Novocure Ltd (NVCR -0.75%) was rated a new 'Outperform' at Evercore ISI with a price target of $46/
Autoliv (ALV +0.62%) was upgraded to 'Outperform' from 'Neutral' at Daiwa Securities with a price target of $118.
JM Smucker (SJM +1.21%) may open higher initially this morning after it boosted its quarterly dividend after the close Friday to 85 cents a share from 78 cents, above consensus of 82 cents.
Ryder System (R +0.70%) may open higher initially this morning after it unexpectedly boosted its quarterly dividend after the close Friday to 54 cents a share from 52 cents a share.
Skyline Champion (SKY -0.24%) filed to sell up to $100 million of its common stock under shelf registration.
Sangamo Therapeutics (SGMO -1.63%) fell 2% in after-hours trading after CTO Michael Holmes resigned effective July 20 to join a startup biotech company. He will be re[laced by Edward Rebar.
Mustang Bio (MBIO +0.67%) filed a $75 million mixed securities shelf.
ShiftPixy (PIXY +68.61%) rose 2% in after-hours trading after it reported Q3 preliminary gross billings rose $60.2 million versus $27.5 million y/y.
General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only. The risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser. This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents. For Related news and other stories please visit - http://www.wideawakenews.com/ For Related videos on our Youtube channel please visit - http://www.youtube.com/user/pulsescan72 Be Sure to register for faster updates and commentaries at - BLOG 1: - http://pulsescan.blogspot.com/ BLOG 2: - http://seekingalpha.com/instablog/466159-pulsescan72/ BULLS make money... BEARS make money.... PIGS get slaughtered! "TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!
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