BZ News Desk Focus
Restoration Hardware Holdings Inc (NYSE: RH)
Reports Q3 Adj EPS $0.20 vs $0.16 Est, Revenue $549M vs $527.13M Est Broadcom (NASDAQ: AVGO) Reports Q4 Adj. EPS $3.47 vs $2.51 in Same Qtr. Last Year, Sales $4.146B vs
$1.853B YoY
Finisar Corporation (NASDAQ: FNSR)
Reports Q2 GAAP EPS $0.43, Adj. EPS $0.58 vs. Est. $0.46, Rev. $369.86M vs. Est. $361M
Fred's, Inc (NASDAQ: FRED) Reports Q3
GAAP EPS $(1.05), Sales $516.645M vs $514M Est.
Macro Focus
The Dow Jones Industrial Average, Nasdaq, and S&P 500 all finished Thursday at all-time highs. The DJIA closed up 65.19
points to finish at 19,614.81, while the Nasdaq rose 23.6 points to 5,417.36 and the S&P 500 rose 4.84 points to finish at
2,246.19.
The USO finished Thursday up 2%, with Light Crude oil rising 0.24% to 50.96.
- The University of Michigan Consumer Sentiment Index for December will be released at 10 a.m. ET
- Wholesale Inventories for October will be released at 10 a.m. ET
- Baker Hughes Rig Counts for last week will be released at noon ET
Sell-Side’s Most Noteworthy Calls
JP Morgan Downgrades CDW Corp (NASDAQ: CDW) from Overweight to Neutral
Argus Research Downgrades Abercrombie & Fitch Co. (NYSE: ANF) from Hold To Sell
Deal Talk
E I Du Pont De Nemours And Co (NYSE: DD) CEO Edward Breen said Thursday that Donald Trump is not likely to impact their
merger with Dow Chemical Co (NYSE: DOW),
according to Dow Jones. “We're very far down the road,” he said.
And 8-K from Microsoft Corporation (NASDAQ: MSFT) shows the company has completed its acquisition of LinkedIn
Corp (NYSE: LNKD).
Shares of Comerica Incorporated (NYSE: CMA)
spiked on Wednesday and Thursday, after Benzinga reported that the board might be considering selling the company, taking advantage
of the recent stock appreciation. Dick Bove said the company’s management team “has structured its balance sheet to facilitate a
sale and bring in more liquidity.”
In The News
John Glenn, the former astronaut and senator who became the first American to orbit the Earth back in 1962, passed away Thursday
at the age of 95.
Benzinga exclusively
reported on Thursday that Gene Munster, one of Wall Street’s top Apple analysts, is leaving Piper Jaffray to start a venture
capital firm.
Blogosphere
Earlier this week Bloomberg released its
2016 Jealousy List, or 40-odd stories Bloomberg editors and wish they’d written this year. The list includes stories from
ProPublica, The New York Times, The Washington Post, Buzzfeed, GQ, Breitbart, and more. Happy reading.
WYNN, BIIB, AVGO, HZNP, FGP, LVS, RH, DGAZ, MPEL, MGM
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.