Macro Focus
Futures for the Dow Jones Industrial Average dropped 84 points to 18,013.00, while the Standard & Poor’s 500 index futures
declined 8.50 points to 2,129.25. Futures for the Nasdaq 100 index fell 25.75 points to 4,860.25.
Oil prices traded lower as Brent crude futures declined 1.48 percent to trade at $50.04 per barrel, while US WTI crude futures
also fell 1.48 percent to trade at $49.22 a barrel.
- A report on U.S. international trade in goods for September will be released at 8:30 a.m. ET.
- The Markit services PMI for October is schedule for release at 9:45 a.m. ET.
- Data on new home sales for September will be released at 10:00 a.m. ET.
- The Energy Information Administration’s weekly report on petroleum inventories is schedule for release at 10:30 a.m. ET.
- The Treasury will also auction 5-year notes at 1:00 p.m. ET.
BZ News Desk Focus
-
Apple (NASDAQ: AAPL) Reports Q4 EPS
$1.67 vs. Est. $1.65, Rev. $46.85B vs. Est. $46.89B
-
Boeing (NYSE: BA) Q3 EPS $3.51 vs $2.62
est, Revenue $23.9B vs $23.6B est
-
Southwest Airlines (NYSE: LUV) Q3 EPS
$0.93 vs $0.88 est, Revenue $5.14B vs $5.17B est
-
Coca Cola (NYSE: KO) Q3 EPS $0.49 vs $0.48
est, Revenue $10.63B vs $10.51B est
-
Akamai (NASDAQ: AKAM) Reports Q3 EPS
$68 vs $0.61 Est., Sales $584M vs $571.9M Est.
-
Pandora (NYSE: P) Reports Q3 EPS $(0.07) vs.
Est. $(0.06), Rev. $351.9M vs. Est. $366.3M
-
Chipotle (NYSE: CMG) Reports Q3 GAAP EPS
$0.27, Rev. $1B vs. Est. $1.09B
-
Juniper Networks (NYSE: JNPR) Reports Q3
EPS $0.58 vs $0.52 Est., Sales $1.285B vs $1.25B Est.
Sell-Side Themes
Chipotle received several downgraded following its quarterly miss.
Many analyst raised their price target on Apple Shares, however, Stifel was the only firm to downgrade the stock, moving from
Buy to Neutral.
Sell-Side's Most Noteworthy Calls
Bank of America downgraded General Motors (NYSE: GM) to Neutral.
Wedbush downgraded Lowe's (NYSE: LOW) to
Neutral.
Cowen upgraded Baker Hughes (NYSE: BHI) to
Outperform.
Bank of America upgraded AK Steel (NYSE: AKS)
and Steel Dynamics (NASDAQ: STLD) to Buy.
Aegis started Cytosorbents (NASDAQ:CYTO) at Buy.
Deal Talk
Twitter (NYSE: TWTR) is trading up
following an after-hours rumor suggesting Walt Disney (NYSE: DIS) may still be interested in working a deal
with the company. The report, however, may be little more than speculation.
Shares of MGM Resorts (NYSE: MGM) spiked to
a high of $26.36 Tuesday on unconfirmed market chatter of a potential bid from Las Vegas Sands (NYSE: LVS). "Sources" say the offer is $40 per share.
In The News
New Zealand managed to unseat
Singapore from the No. 1 position in the ranking of countries allowing businesses to go about their business with ease. The news of
a new leader is based on an index called the "Ease of Doing Business Index" compiled by the World Bank and released annually. The
bank takes into consideration parameters such as simpler regulations for businesses and strong protection of property rights among
other parameters to arrive at the index.
NATO will press allies to contribute to its biggest
military build-up on Russia's borders since the Cold War as the alliance prepares for a protracted quarrel with Moscow. With
Russia's aircraft carrier heading to Syria in a show of force along Europe's shores, alliance defense ministers aim to make good on
a July promise by NATO leaders to send forces to the Baltic states and eastern Poland from early next year.
Blogosphere
"If you’re a millennial holding 70% of your investable assets in cash – and you’re not on the verge of buying a home or paying
off the entirety of your student debt – you are squandering the
most precious resource known to investorkind: Time."
Trending
TWTR CMG UGAZ P SPY BA AKS BIIB KO CMCSA EXAS LUV
Corey Kluber dominated into the seventh inning and the Indians beat the Cubs 6-0 in Tuesday night's opener of a highly
anticipated matchup between the teams with baseball's longest championship droughts. #WorldSeries
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