Macro Focus
Futures for the Dow Jones Industrial Average climbed 26 points to 20,162.00, while the Standard & Poor’s 500 index futures rose
2 points to 2,306.25. Futures for the Nasdaq 100 index gained 6 points to 5,217.75.
Oil prices traded higher as Brent crude futures gained 1.17 percent to trade at $56.28 per barrel, while US WTI crude futures
rose 1.15 percent to trade at $53.61 a barrel.
- The University of Michigan's consumer sentiment index for February is schedule for release 10:00 a.m. ET.
- The Baker Hughes North American rig count report for the recent week will be released at 1:00 p.m. ET.
- The U.S. Treasury budget data for January is schedule for release 2:00 p.m. ET.
BZ News Desk Focus
-
NVIDIA (NASDAQ: NVDA) Reports Q4 Adj.
EPS $1.13 May Not Compare to $0.83 Est., Sales $2.17B vs $2.11B Est.
-
Western Union (NYSE: WU) Reports Q4 EPS
$0.47 vs. Est. $0.43, Rev. $1.4B vs. Est. $1.37
-
Pandora (NYSE: P) Reports Q4 EPS $(0.13) vs
$(0.21) Est., Sales $392.6M vs $374M Est.
-
CyberArk (NASDAQ: CYBR) Sees Q1 Adj EPS
$0.21-$0.23 vs $0.27 Est, Revenue $57M-$58M vs $57.7M Est
-
Zynga (NASDAQ: ZNGA) Reports Q4 EPS
$(0.04) vs. Est. $0.01, Rev. $190.54M vs. Est. $192.6M
-
Yelp (NYSE: YELP) Reports Q4 EPS $0.10
vs. Est. $0.03, Rev. $194M vs. Est. $194M
-
Activision Blizzard (NASDAQ: ATVI)
Reports Q4 Adj. EPS $0.65 vs $0.73 Est., Sales $2.01B vs $2.35B Est.
-
Skechers (NYSE: SKX) Reports Q4 EPS $0.04
vs $0.09 Est, Sales $764.3M vs $723.72M Est
Sears (NASDAQ: SHLD) Plans To Reduce
Outstanding Debt and Pension Obligations By At Least $1.5B; Sees Q4 Rev. ~$6.1B vs. Est. $5.69B, FY16 Rev. ~$22.1B vs. Est.
$21.77B
Sell-Side's Themes
Susquehanna started coverage on several retailers, with Costco (NASDAQ: COST) and JC Penney (NYSE: JCP) getting Positive ratings.
Viacom (NASDAQ: VIAB) received at least
three downgrades following its Q1 earnings miss.
Sell-Side's Most Noteworthy Calls
- Cowen downgraded Reynolds American (NYSE: RAI) to Market Perform.
- Mizuho downgraded Fossil (NASDAQ: FOSL) to Underperform.
- Jefferies upgraded Ford (NYSE: F) to Hold.
- SunTrust upgraded Jack In The Box (NASDAQ: JACK) to Buy.
Deal Talk
Mead Johnson Nutrition (NYSE: MJN)
announced it has reached an agreement to be acquired by Reckitt Benckiser, the world's leading consumer health and hygiene company,
for $90 per share in cash.
Shares of DISH Network (NASDAQ: DISH)
spiked to a high of $61.37 as chatter circulated that Verizon (NYSE: VZ) could have an interest in bidding for the Satellite TV provider. "Sources"
mentioned a potential offer of $80 per share. A Dish tie-up with Verizon has been rumored since AT&T (NYSE:
T) announced it was acquiring DirecTV back in May 2014.
In The News
An appeals court unanimously ruled against President Trump’s executive order on immigration and refugees, saying the travel ban
shouldn’t go into effect while courts consider whether it goes too far in limiting visitors to the U.S. Trump tweeted in response:
“SEE YOU IN COURT.’’
In a call with Chinese President Xi Jinping, Trump
affirmed the “One China” policy that has long underpinned Sino-U.S. relations, a declaration that appeared aimed at ending
weeks of uncertainty.
Blogosphere
A Republican Carbon Tax: "As
economists, religious and military leaders, ordinary Americans and even oil companies have joined the push to lower greenhouse-gas
emissions, Republicans have, for the most part, resisted. But now, a group of conservative economists and former Republican
officials are recommending their party reverse course -- dramatically. "
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