Good morning. Happy Tuesday.
The Asian/Pacific markets closed mixed. India and Australia dropped the most; Indonesia did well. The rest closed close to home. Europe is currently mixed. Poland, Russia, Romania and the Czech Republic are up; Germany, Denmark, South Africa, Hungary and Saudi Arabia are down. Futures in the States point to a down open for the cash market.
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VIDEO: LeavittBrothers.net Overview
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The dollar is down. Oil is flat; copper is down. Gold and silver are up. Bonds are up.
Stock headlines from barchart.com…
Beazer Homes (BZH +4.08%) was downgraded to ‘Neutral’ from ‘Outperform’ at Wedbush.
Amazon.com (AMZN +0.47%) was initiated with a ‘Buy’ at Mizuho Securities USA with a 12-month target price of $1,250.
Avis Budget Group (CAR +3.66%) declined over 8% in after-hours trading after it reported Q2 net revenue of $2.24 billion, weaker than consensus of $2.27 billion, and then lowered its full-year adjusted EPS estimate to $2.40-$2.85 from a prior view of $2.85-$3.50.
Twilo (TWLO +4.52%) jumped 13% in pre-market trading after it reported Q2 revenue of $95.9 million, higher than consensus of $86.2 million, and then raised guidance on full-year revenue to $371 million-$375 million from a prior view of $356 million-$362 million, above consensus of $359.8 million.
Essent Group Ltd (ESNT +1.60%) lost over 1% in after-hours trading after it announced that it had commenced a proposed underwritten public offering of 5.0 million shares of is common stock.
MyoKardia (MYOK +83.38%) slipped over 1% in after-hours trading after it announced that it had commenced a proposed underwritten public offering of 3.5 million shares of its common stock.
Inphi (IPHI +2.13%) climbed nearly 6% in after-hours trading after it reported Q2 adjusted EPS from continuing operations of 35 cents, higher than consensus of 33 cents.
Tenet Healthcare (THC -0.48%) slumped 10% in after-hours trading after it reported Q2 net operating revenue of $4.8 billion, less than consensus of $4.9 billion, and then said it sees full-year revenue of $19.1 billion-$19.4 million, below consensus of $19.77 billion.
Quantenna Communications (QTNA -0.41%) rose over 5% in after-hours trading after it reported Q2 revenue of $47.1 million, better than consensus of $42.9 million, and then said it sees Q3 revenue of $49 million-$51 million, above consensus of $47.7 million.
Brookdale Senior Living (BKD -8.54%) climbed over 4% in after-hours trading after it reported Q2 revenue of $1.19 billion, higher than consensus of $1.14 billion.
FibroGen (FGEN -4.57%) soared over 50% in after-hours trading after its pamrevlumab drug met the primary endpoint of change in forced vital capacity in a Phase 2 study of patients with idiopathic pulmonary fibrosis.
Coherus Biosciences (CHRS -2.36%) lost almost 5% in after-hours trading after it said Q2 revenue fell to $1.4 million from $14.1 million y/y and Q2 R&D spending dropped to $34.5 million from $65.5 million.
Manitowoc (MTW +2.63%) rallied 9% in after-hours trading after it improved its view on full-year revenue to down about 5%-7% from a May 8 estimate of down 8%-10%.
Vonage Holdings (VG +0.91%) rallied nearly 5% in after-hours trading when it was announced that it will replace CoreSite Realty in the S&P SmallCap 600 before the open of trade on Thursday, Aug 10.
Depomed (DEPO -2.53%) dropped 10% in after-hours trading after it said it sees full-year revenue of $395 million-$410 million, below consensus of $416.3 million, and then said it received subpoenas from the U.S. Senate Committee on Homeland Security and Governmental Affairs for information on opioid sales and marketing.
Monday’s Key Earnings
CBS (NYSE:CBS) +0.6% AH on broad revenue gains.
LendingClub (NYSE:LC) +7.3% AH following impressive guidance.
MannKind (NASDAQ:MNKD) -6.8% AH missing earnings estimates.
Marriott (NYSE:MAR) -3% AH despite a deal with Alibaba.
Twilio (NYSE:TWLO) +12% AH beating expectations.
Today’s Economic Calendar
6:00 NFIB Small Business Optimism Index
8:55 Redbook Chain Store Sales
10:00 Job Openings and Labor Turnover Survey
1:00 PM Results of $24B, 3-Year Note Auction
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY |
