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^^^ +3 … Thank you CHIEF for insightful & excellent analysis for week ahead 8) 8) The market should come “out of it’s shadows” close to closing time tomorrow 😉
Thank you again for great round up A3 – earnings season coming to an end = $BHP is a standout with metals running hot and the AUD.
The weekend is bookended by the great Eclipse and Jackon’s Hole were both European Central Bank President Mario Draghi and Fed Chair Janet Yellen are to give speeches.
European Closes For Monday
French CAC -0.6%
German DAX -0.9%
Italy MIB -0.4%
Spain IBEX -0.26%
UK FTSE -0.1%July Chicago Fed National Activity Index: -0.01 vs. +0.22 expected and +0.16 (revised) prior.
Your Car Is Now Worth Less Than You Think
The average used car lost 17% of its value year-over-year to $15.3K, according to Black Book. That’s nearly double the rate of depreciation seen in 2014.At the close
Dow +0.13% to 21,702.30. S&P +0.11% to 2,428.52. Nasdaq -0.05% to 6,213.39.
Treasurys: 30-year +0.2%. 10-yr +0.07%. 5-yr +0.04%.
Commodities: Crude -2.2% to $47.59. Gold +0.4% to $1,296.77.
Currencies: Euro +0.4% vs. dollar. Yen -0.26%. Pound -0.17%.Senate Majority Leader Mitch McConnell said Monday there’s “zero chance” that the debt ceiling won’t be raised. Speaking at an event in Kentucky with Treasury Secretary Steven Mnuchin, the Kentucky Republican said “America’s not going to default.” Mnuchin has said the Treasury can keep paying bills through September.
Market After Hours
$RT +11%
$ARCI +10.3%
$JASO +3%
$MATR +2.4%
$ARDX +2%
$FIT +2%
$NDSN -10%
$FN -4.3%
$ZAYO -3.4%
$TEDU -3%
$IMGN -2.6%More After Hours:
TearLab $TEAR 13% LOWER; filed with the SEC to sell up to $15 million in units.Ruby Tuesday $RT 11.2% HIGHER; reported Q4 EPS of $0.06, versus $0.10 reported last year. Revenue for the quarter came in at $254.9 million, versus $279.32 million reported last year. Same-restaurant sales (on a 13-week comparable basis) declined 1.6% compared to a 3.7% decrease in the fourth quarter of the prior fiscal year. Strategic review entering finale phase.
Nordson Corp $NDSN 10.9% LOWER; reported Q3 EPS of $1.78, $0.46 better than the analyst estimate of $1.32. Revenue for the quarter came in at $589 million versus the consensus estimate of $574.73 million. Nordson Corp. sees Q4 2017 EPS of $2.27-$2.46, versus the consensus of $1.49.
Fabrinet $FN 4.6% LOWER; reported Q4 EPS of $0.86, $0.03 better than the analyst estimate of $0.83. Revenue for the quarter came in at $370.5 million versus the consensus estimate of $362.57 million. GUIDANCE: Fabrinet sees Q1 2018 EPS of $0.78-$0.80, versus the consensus of $0.87. Fabrinet sees Q1 2018 revenue of $356-360 million, versus the consensus of $375.22
Tarena Int’l $TEDU 3.3% LOWER; reported Q2 EPS of $0.14*, $0.02 worse than the analyst estimate of $0.16. Revenue for the quarter came in at $68.34* million versus the consensus estimate of $67.76 million. Tarena Int’l sees FY2017 revenue of $287.86-299.85 million, versus the consensus of $301.89 million.
Premier $PINC 2.4% LOWER; reported Q4 EPS of $0.50, $0.02 worse than the analyst estimate of $0.52. Revenue for the quarter came in at $403.1 million versus the consensus estimate of $400.4 million.
Zayo Group $ZAYO 2.2% LOWER; reported Q4 EPS of $. Revenue for the quarter came in at $638 million versus the consensus estimate of $639.05 million.
Pacira Pharmaceuticals $PCRX 1% HIGHER; Needham & Company initiates coverage with a Buy rating and a price target of $55.00.
DOW FUTURES GREEN for start … OK boys & girls — you can take those solar glasses off for now & start buying as futures have been strengthening …. The great American solar eclipse was not the end of the world … as it is RALLY TIME doomers 8) 8) 8)
June FHFA Housing Price Index: +0.1% M/M , +0.5% consensus, +0.4% previous.
+6.9% Y/Y vs. +6.8% previous.Redbook Chain Store Sales: +3.2% Y/Y vs. +3.2% last week.
Month-to-date sales up 2.8% through August 19.
August sales are expected to increase 3.1%.Aug. Richmond Federal Reserve Manufacturing Survey: +14.0 vs. +11.0 expected, +14.0 prior.
Shipments +8 vs. +13.
Capacity Utilization +10 vs. +5.
Number of Employees +17 vs. +5.
Wages +18 vs. +10.At the close
Dow +0.90% to 21,899.98. S&P +0.99% to 2,452.18. Nasdaq +1.36% to 6,297.12.
Treasurys: 30-year -0.34%. 10-yr -0.23%. 5-yr -0.13%.
Commodities: Crude +0.65% to $47.84. Gold -0.43% to $1,291.06.
Currencies: Euro -0.49% vs. dollar. Yen +0.54%. Pound +0.62%.
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