**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"!!
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