Before the Open (May 8)

by admin on May 8, 2018
in Before the Open

Good morning. Happy Tuesday.

The Asian/Pacific markets close mixed. China, Hong KCong, Taiwan and Malaysia did well; South Korea, Indonesia and Thailand were weak. Europe, Africa and the Middle East are currently mostly down Greece and the Czech Republic are up, but France, Germany, the UAE, Hungary, Italy, Isreal, Austria and Saudi Arabia are down. Futures in the Stats point towards a moderage gap down open for the cash market.

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VIDEO: There’s a Bull Market Somewhere
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The dollar is up. Oil and copper are down. Gold and silver are down. Bonds are down.

Stock headlines from barchart.com…

Nevro (NVRO -0.26%) tumbled over 13% in after-hours trading after it reported a Q1 loss of -59 cents per share, much wider than consensus of -28 cents.

Weight Watchers International (WTW +0.24%) slid 3% in after-hours trading after holder Artal Luxembourg offered 6.5 million shares of the stock.

Kaman (KAMN +1.26%) rose 3% in after-hours trading after it reported Q1 adjusted EPS of 55 cents, above consensus of 46 cents.

Zillow Group (ZG +4.91%) dropped 8% in after-hours trading after it forecast Q2 revenue of $322 million to $327 million, weaker than consensus of $342 million.

Manitowoc (MTW +2.97%) climbed over 4% in after-hours trading after it reported Q1 net sales of $386.1 million, higher than consensus of $373.2 million, and forecast full-year adjusted Ebitda of 100 million to $105.3 million, the midpoint above consensus of $105.3 million.

Envision Healthcare (EVHC -1.07%) rose 3% in after-hours trading after it reported Q1 adjusted EPS of 71 cents, above consensus of 64 cents, and forecast full-year adjusted EPS of $3.49 to $3.70, the midpoint above consensus of $3.59.

Fabrinet (FB +0.77%) jumped 11% in after-hours trading after it reported Q3 revenue of $332.2 million, higher than consensus of $319.3 million, and then forecast Q4 revenue of $334 million to $342 million, better than consensus of $332.8 million.

Hertz Global Holdings (HTZ +3.70%) fell more than 7% in after-hours trading after it reported a Q1 adjusted loss per share of -$1.58, wider than consensus of -$1.28.

Fiesta Restaurant Group (FRGI +1.39%) rose more than 2% in after-hours trading after it reported Q1 adjusted EPS of 16 cents, above consensus of 14 cents.

MacroGenics (MGNX +1.21%) lost 2% in after-hours trading after it reported Q1 revenue of $4.70 million, weaker than consensus of $6.79 million.

AMC Entertainment Holdings (AMC +5.52%) climbed nearly 6% in after-hours trading after it reported Q1 revenue of $1.38 billion, better than consensus of $1.35 billion.

Veeco Instruments (VECO +0.29%) jumped 10% in after-hours trading after it reported Q1 net sales of $158.6 million, better than consensus of $151.3 million.

Nautilus (NLS +2.31%) rose 4% in after-hours trading after it reported Q1 EPS of 26 cents, higher than consensus of 21 cents.

Monday’s Key Earnings
AMC (NYSE:AMC) +1.7% AH on recent successful films.
Hertz (NYSE:HTZ) -7.5% AH missing profit estimates.
Zillow (NASDAQ:Z) -6.3% AH hit by guidance, CFO exit.

Today’s Economic Calendar
3:00 Fed’s Powell Speech
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 $31B, 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

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