Macro Focus
Futures for the Dow Jones Industrial Average rose 55 points to 18,966.00, while the Standard & Poor’s 500 index futures gained
5.75 points to 2,199.00. Futures for the Nasdaq 100 index gained 22.25 points to 4,876.75.
Oil prices traded lower as Brent crude futures fell 0.04 percent to trade at $48.88 per barrel, while US WTI crude futures also
fell 0.19 percent to trade at $48.15 a barrel.
The Dow, S&P 500 and Nasdaq all closed Monday at all-time highs.
- Data on existing home sales for October will be released at 10:00 a.m. ET.
- The Richmond Fed Manufacturing Index for November is schedule for release at 10:00 a.m. ET.
- The Treasury is set to auction 4-week bills at 11:30 a.m. ET.
- The Treasury will also auction 5-year notes at 1:00 p.m. ET.
BZ News Desk Focus
-
Dollar Tree (NASDAQ: DLTR) Q3 Adj EPS
$0.81 vs $0.78 Est, Revenue $5B vs $5.08B Est
-
Campbell Soup (NYSE: CPB) Q1 EPS $1.00 vs
$0.95 Est, Revenue $2.2B vs $2.2B Est
-
Palo Alto Networks (NYSE: PANW) Q1 EPS
$0.55 vs. Est. $0.53, Rev. $398.1M vs. Est. $400.2M
-
Jack In The Box (NASDAQ: JACK) Reports
Q4 EPS $0.98 vs. Est. $0.88, Rev. $398.41M vs. Est. $398.71M
-
DSW (NYSE: DSW) Q3 EPS $0.51 vs $0.48 Est,
Revenue $697M vs $712M Est
-
Weibo (NASDAQ: WB) Reports Q3 EPS $0.24
vs. Est. $0.20, Rev. $176.9M vs. Est. $173M
-
SINA (NASDAQ: SINA) Reports Q3 Adj. EPS
$0.56 vs $0.35 Est., Sales $274.9M vs $265.3M Est.
-
Hormel Foods (NYSE: HRL) Q4 EPS $0.45 vs
$0.46 Est, Revenue $2.63B vs $2.64B Est
-
Medtronic (NYSE: MDT) Q2 EPS $1.12 vs
$1.11 Est, Revenue $7.35B vs $7.46B Est
Sell-Side Themes
Acushnet (NYSE: GOLF), the recent IPO of
Titleist, was initiated by several analysts today. So far, price targets range from $20 to $25 per share.
Sell-Side's Most Noteworthy Calls
- Cowen downgraded Kate Spade (NYSE: KATE) to Market Perform.
- Imperial downgraded United Continental (NYSE: UAL) to In-Line.
- Barclays upgraded Sunrun (NASDAQ: RUN)
to Overweight.
- Bank of America upgraded American Movil (NYSE: AMX) to Buy.
- Deutsche Bank started Acuity Brands (NYSE:
AYI) at Buy.
Deal Talk
Shares of LendingClub (NYSE: LC) spiked
higher Monday on unconfirmed takeover that Goldman Sachs could be making a bid. A "source" said Goldman could offer $10 per share.
Lending Club closed at $6.14 on Monday, up 2.68 percent.
Shares of Illumina (NASDAQ: ILMN) surged
higher on a video report from Betaville's Ben Harrington that it's still in takeover talks with Roche (OTC:
RHHBY), according to sources. The companies have been in talks
since 2012, when Illumina rejected a $44.50 per share offer from Roche. Illumina closed Monday at $137.75, up 4.31 percent.
In The News
China said it
hoped to conclude an Asia-wide trade pact as soon as possible, a sign of Beijing’s intent to broaden its regional influence after
President-elect Trump reiterated plans to withdraw from the U.S.-backed Trans-Pacific Partnership.
Adena Friedman, the next CEO of Nasdaq, has been groomed for years by outgoing CEO Bob Greifeld to inherit the stock exchange in
an industry where the rules looked fairly stable. But Donald Trump’s surprise victory means the old playbook on financial
regulation could soon be torn
apart, just as she ascends to the exchange’s top job on January 1.
Blogosphere
"Without question stocks can be either positively or negatively correlated
with the dollar and then the trend can either fade or completely switch in a 180. Constructing a bullish or bearish thesis
based solely on the dollar requires you to get a lot of stuff right that you probably can't."
Trending
HMNY DRYS PANW HPQ REN URBN DLTR CUB BECN TSN HRL CPB MDT
- This company reported Q3 earnings Tuesday morning of $0.30 vs $0.20 est, and revenue of $1.19B vs $1.18B Est.
- Last week this company was accused of using fake products at one of its retail outlets, echoing a story that was originally
reported in June.
- Sympathy plays include Tiffany & Co. and Blue Nile.
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