Good morning. Happy Friday. Happy Employment Numbers Day.
The Asian/Pacific markets closed mixed. Japan, China and Singapore dropped; South Korea, India and the Philippines posted gains. Europe, Africa and the Middle East currently lean to the upside. Poland, Turkey, South Africa, Finland, Hungary, Portugal , Sweden and the Czech Republic are up; Russia and Israel are down. Futures in the States point towards a positive open for the cash market.
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The dollar is up. Oil is down; copper is up. Gold and silver are down. Bonds are down.
Here are the employment numbers:
unemployment rate: 4.3% (was 4.4% last month)
nonfarm payrolls: +209K
private payrolls:
average workweek: flat at 34.5 hours
hourly wages: up 0.3% to $26.36/hour
labor participation rate:
June job growth raised fron 222K to 231K.
May’s gain reduced from 152K to 145K.
Stock headlines from barchart.com…
Activision Blizzard (ATVI +4.10%) was upgraded to ‘Buy’ from ‘Neutral’ at Bank of America/Merrill Lynch with a price target of $76.
Universal Display (OLED -0.79%) gained 1% in after-hours trading after it reported Q2 revenue of $102.5 million, higher than consensus of $85.3 million, and then said it sees full-year revenue of $285 million to $300 million, above consensus of $281 million
Fluor (FLR +0.05%) tumbled nearly 10% in after-hours trading after it reported Q2 revenue of $4.72 billion, weaker than consensus of $4.90 billion, and then lowered guidance on full-year EPS to $1.40-$1.70 from a prior view of $2.25-$2.75.
Arista Networks (ANET +0.41%) jumped 13% in after-hours trading after it reported Q2 revenue of $405.2 million, higher than consensus of $360.8 million, and then said it sees Q3 revenue of $405 million-$420 million, above consensus of $377.7 million.
Global Blood Therapeutics (GBT unch) gained over 1% in after-hours trading after it was rated a new ‘Outperform’ at Oppenheimer with a price target of $53.
Synaptics (SYNA -1.90%) sank 15% in after-hours trading after it forecast Q1 revenue of $380 million-$420 million, weaker than consensus of $445.5 million.
Wingstop (WING -1.92%) climbed over 7% in after-hours trading after it reported Q2 revenue of $24.7 million, better than consensus of $24.6 million.
Carbonite (CARB +1.52%) slumped 14% in after-hours trading after it reported a Q2 net loss of -23 cents, wider than consensus of -2 cents, and then said it sees Q3 non-GAAP EPS of 19 cents-21 cents, below consensus of 23 cents.
Viacom (VIAB +2.87%) slid over 6% in after-hours trading after it said it expects subscribers to its cable-TV networks will drop by about 3% this quarter.
Weight Watchers International (WTW -0.45%) jumped over 12% in after-hours trading after it reported Q2 EPS of 67 cents, above consensus of 51 cents, and then said it sees full-year EPS of $1.57-$1.67, well above consensus of $1.27.
Applied Optoelectronics (AAOI +4.80%) plunged over 20% in after-hours trading after it said it sees Q3 revenue of $107 million-$115 million, weaker than consensus of $123.7 million.
B&G Foods (BGS -0.28%) lost 7% in after-hours trading after it reported Q2 adjusted EPS of 41 cents, weaker than consensus of 48 cents, and then said it sees full-year adjusted EPS of $2.03-$2.17, below consensus of $2.19.
GoPro (GPRO +2.86%) rallied 13% in after-hours trading after it reported Q2 revenue of $296.5 million, higher than consensus of $269.2 million, and then said it sees Q3 revenue of $300 million, + or – $10 million, above consensus of $277.8 million.
Impinj (PI -2.30%) slumped over 21% in after-hours trading after it said it sees Q3 revenue of $31.8 million-$33.3 million, weaker than consensus of $37.7 million.
Yelp (YELP -2.73%) surged 20% in after-hours trading after it reported Q2 net revenue of $208.9 million, better than consensus of $204.9 million, and then said it sees full-year revenue of $855 million to $865 million, the midpoint higher than consensus of $856 million.
Thursday’s Key Earnings
Activision Blizzard (NASDAQ:ATVI) +4.1% AH posting record revenues.
Chesapeake Energy (NYSE:CHK) -2.6% following activity cutbacks.
Dish Network (NASDAQ:DISH) -4.5% AH amid declining subscribers.
Enterprise Products Partners (NYSE:EPD) -1.5% missing estimates.
GoPro (NASDAQ:GPRO) +13.3% AH smashing expectations.
Kraft Heinz (NASDAQ:KHC) +1.1% AH despite a drop in organic sales.
Shake Shack (NYSE:SHAK) -0.9% AH with light revenue guidance.
Teva Pharmaceutical (NYSE:TEVA) -24% as generic drugs got cheaper.
Viacom (NYSE:VIA) -7% AH on an uncertain outlook.
Yelp (NYSE:YELP) +18.3% AH following a deal with GrubHub.
Today’s Economic Calendar
8:30 Non-farm payrolls
8:30 International Trade
1:00 PM Baker-Hughes Rig Count
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY |
