Отбор акций NYSE, NASDAQ

ISM Report On Business

Earnings release


In Play from Briefing.com

Updated: 16-Aug-18 06:00 ET

17:53  ORC Orchid Island Capital declared August monthly dividend of $0.08/share, prior month $0.09/share (8.08 0.00)

17:50  LFVN Lifevantage +6% after reporting Q4 adj EPS of $0.20, up from $0.04 year ago; revs +6.7% y/y to $54 mln; sees 2019 adj EPS of $0.54-0.58 and revs $210-220 mln (9.43 -0.54)

17:31  CAAP Corporacin Amrica Airports reports July total passenger traffic +7.8% y/y and cargo volume was up 1.6% (9.14 -0.19)

16:46  CACI CACI Intl beats EPS, reports revs in-line; reaffirms FY19 guidance (180.35 -0.90)

  • Reports Q4 (Jun) earnings of $2.05 per share, including tax reform ($1.84 excluding it), $0.30 better than the Capital IQ Consensus of $1.75; revenues rose 2.9% year/year to $1.17 bln vs the $1.18 bln Capital IQ Consensus; contract awards in the quarter were $1.5 billion, with 70 percent for new business
  • Co reaffirms guidance for FY19, sees EPS of $8.98-9.38, excluding non-recurring items, vs. $9.16 Capital IQ Consensus Estimate; sees FY19 revs of $4.55-4.75 bln vs. $4.66 bln Capital IQ Consensus Estimate.
16:45  BGG Briggs & Stratton beats by $0.06, beats on revs; guides FY19 EPS in-line, revs above consensus (18.41 -0.14)

  • Reports Q4 (Jun) earnings of $0.47 per share, excluding non-recurring items, $0.06 better than the Capital IQ Consensus of $0.41; revenues rose 5.8% year/year to $501.69 mln vs the $495.83 mln Capital IQ Consensus.
    • Continued high growth in commercial turf and lawn care, commercial job site, commercial engines and generators was offset by YoY softness in residential lawn and garden sales.
  • Co issues guidance for FY19, sees EPS of $1.35-1.55, excluding non-recurring items, vs. $1.45 Capital IQ Consensus Estimate; sees FY19 revs of $1.93-1.99 bln vs. $1.92 bln Capital IQ Consensus Estimate.
16:31  GNK Genco Shipping & Trading Limited takes delivery of two modern, high specification capesize vessels; co also enters into new five-year credit facility for $108 mln (12.60 -0.60)

  • Co announced that it has taken delivery of the Genco Endeavour and the Genco Resolute, both of which are 2015-built 180,000 dwt Capesize vessels
  • Genco also entered into a previously announced five-year senior secured credit facility in an aggregate principal amount of up to $108 million. Genco anticipates drawing down $51.75 million on or about August 17, 2018 to partially finance the three vessels delivered to date, namely the Genco Endeavour, Genco Resolute and Genco Weatherly
  • urthermore, Genco anticipates additional drawings under this credit facility to finance a portion of the purchase price of the remaining three vessels the Company has agreed to acquire
  • Genco expects that borrowings under this credit facility, when combined with borrowings under the Company's $460 Million Credit Facility closed in June 2018, will lower its weighted average cost of debt by 100 basis points compared to its previous credit facility structure.
16:31  FDC First Data extended its merchant acquiring joint venture with Wells Fargo Bank, Wells Fargo Merchant Services (WFC) until December 31, 2024 (23.77 -0.17)

16:27  MOV Movado Group announces agreement to acquire MVMT Watches for initial payment of approx. $100 mln (50.10 -1.50)

  • MVMT Watches is the owner of MVMT, a global aspirational lifestyle brand. In its last fiscal year ended December 31, 2017, MVMT achieved revenue of approximately $71 mln. MVMT products are primarily sold through its global e-commerce site, and the brand has a reported active community of 4.5 mln followers across social media.
  • The purchase price is comprised of an initial payment of approximately $100 mln, or approx. $85 mln net of tax benefits that are anticipated to be generated from the acquisition, and two future contingent payments that combined could total up to an additional $100 mln before tax benefits. 
  • The acquisition will be funded through cash and borrowings under the co's revolving credit facility.
  • Movado Group expects the transactions to be accretive to its fiscal 2019 results.
16:26  PRGO Perrigo Israel and Sol-Gel (SLGL) enter into collaborative agreement for the development, manufacturing and commercialization of a generic product candidate (69.44 -0.01)

If approved by the FDA, Perrigo has agreed to commercialize the generic product candidate in the United States. Sol-Gel and Perrigo will share the development costs and the gross profits generated from the sales of the generic product candidate, if approved.
16:23  HMTV Hemisphere Media authorizes new $25 million share repurchase plan (12.85 0.00)

16:21  CBU Community Bank increases quarterly cash dividend to $0.38/share from $0.34/share (64.32 -0.57)

16:21  NEWM New Media Investment acquired majority interest in Rugged Events for $10.4 million (16.02 +0.26)

Rugged Events is the production company behind the Rugged Maniac Obstacle Race series and more than 90 endurance events in the U.S and Canada. Scudder and Dickens, co-founders of Rugged Events, will contribute to New Media's events company GateHouse Live in expanded roles, while retaining a minority interest in Rugged Events.
16:20  WRAPX Closing Market Summary: Bears Regain Control Following Tuesday Rebound

Stocks dropped for the fifth time in six sessions on Wednesday as tensions between the U.S. and Turkey tightened and as oil prices tumbled to a two-month low, weighing on energy shares. The S&P 500 finished lower by 0.8% after being down as much as 1.3% intraday. The Dow and the Nasdaq lost 0.5% and 1.2%, respectively.

Turkey was in focus once again after the country doubled tariffs on some U.S. imports -- including cars, alcohol, and tobacco. The U.S. and Turkey are feuding over the detainment of American pastor Andrew Brunson, who is accused of supporting a group blamed for an attempted coup in 2016.

The Turkish lira extended Tuesday's rebound though, adding 6.8% against the U.S. dollar, after plunging around 25% against the greenback on Friday and Monday combined. The U.S. Dollar Index, which measures the dollar's strength against a basket of other currencies, finished flat, keeping near a more than one-year high.

Late-afternoon reports that Turkey is now ready to discuss its issues with the United States helped Wall Street pare losses before the closing bell.

Meanwhile, West Texas Intermediate crude futures dropped 3.0% to $65.07/bbl after the Energy Information Administration's weekly inventory report showed an unexpected build of 6.8 million barrels. The drop in oil prices weighed on the energy sector (-3.5%), which finished well behind the 10 other S&P groups.

Cyclical sectors -- including energy -- underperformed in general, with consumer discretionary (-1.2%), materials (-1.6%), and technology (-1.1%) all losing more than the S&P 500. Conversely, the countercyclical consumer staples (+0.4%), utilities (+0.8%), and telecom (+0.7%) sectors finished in the green, and real estate (+0.9%) also outperformed.

In earnings news, Macy's (M 35.15, -6.67) plunged 16.0% after concerns over its overall sales activity outweighed better-than-expected second quarter earnings and above-consensus guidance for the fiscal year. The sell off extended to other retailers, sending the SPDR S&P Retail ETF (XRT 50.45, -1.41) lower by 2.7%.

Elsewhere, U.S. Treasuries rallied amid the risk-off sentiment, sending yields lower across the curve. The yield on the 2-yr note slipped two basis points to 2.61%, and the yield on the benchmark 10-yr note gave up five basis points, falling to 2.85%. Meanwhile, the CBOE Volatility Index spiked 11.6% to 14.85, a fresh six-week high.

Reviewing Wednesday's big batch of economic data, which included July Retail Sales, the preliminary reading for Q2 Productivity and Unit Labor Costs, the Empire Manufacturing Index for August, Industrial Production and Capacity Utilization for July, Business Inventories for June, the NAHB Housing Market Index for August, and the weekly MBA Mortgage Applications Index:

  • July retail sales rose 0.5% (Briefing.com consensus +0.1%), while the June increase was revised to 0.2% from 0.5%. Excluding autos, retail sales increased 0.6% in July (Briefing.com consensus +0.3%), and the June increase was revised to 0.2% from 0.4%.
    • The key takeaway from the report is that the downward revisions to June mitigated the July headline surprise. That point notwithstanding, core retail sales, which exclude autos, gasoline station, building materials, and food services sales, were up 0.5%, which is a positive input for Q3 GDP forecasts.
  • The preliminary unit labor costs declined 0.9% during the second quarter, while the Briefing.com consensus expected an increase of 0.5%. The preliminary productivity reading showed an increase of 2.9%, while the Briefing.com consensus expected an increase of 2.0%.
    • The key takeaway from the report is that labor costs look to be in check, which will facilitate a gradual tightening path for the Federal Reserve.
  • The Empire Manufacturing Survey for August rose to 25.6 (Briefing.com consensus 20.0) from the prior month's unrevised reading of 22.6.
  • Industrial Production rose 0.1% in July (Briefing.com consensus +0.4%), while the June increase was revised to 1.0% (from +0.6%). Meanwhile, Capacity Utilization stayed at 78.1% (Briefing.com consensus 78.3%), unchanged from a revised reading of 78.1% in June (from 78.0%).
    • The key takeaway from the report is that it showed continued strength in manufacturing output, which offset declines in mining and utilities production.
  • Business Inventories rose 0.1% in June (Briefing.com consensus +0.1%). The May reading was revised to +0.3% from +0.4%.
    • The key takeaway from the report is that business sales continued to outpace inventory growth, which is a favorable trend that carries the potential to lead to a better pricing environment for businesses.
  • The NAHB Housing Market Index for August came in at 67 (Briefing.com consensus 67), down from 68 in July.
  • The weekly MBA Mortgage Applications Index decreased 2.0% to follow last week's drop of 3.0%.

Looking ahead, investors will receive July Housing Starts and Building Permits, weekly Initial Claims, and the Philadelphia Fed Index for August on Thursday.

  • Nasdaq Composite +12.6% YTD
  • Russell 2000 +8.8% YTD
  • S&P 500 +5.4% YTD
  • Dow Jones Industrial Average +1.8% YTD
16:19  ILMN Illumina announces intention to offer approx. $650 mln aggregate principal amount of convertible senior notes due 2023 (327.82 -2.35)

  • Illumina intends to use proceeds to repurchase up to $150 mln of its common stock concurrently with this offering in privately negotiated transactions.
16:16  CRS Carpenter Tech increases quarterly cash dividend to $0.20/share from $0.18/share (54.27 -1.93)

16:12  CSCO Cisco Systems beats by $0.01, reports revs in-line; guides Q1 EPS above consensus, revs above consensus (43.86 -0.14)

  • Reports Q4 (Jul) earnings of $0.70 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus of $0.69; revenues rose 5.9% year/year to $12.84 bln vs the $12.76 bln Capital IQ Consensus, with product revenue up 7% and service revenue up 3%; gross margin 62.9% vs. 63-64% guidance.
  • Recurring revenue as a percentage of total revenue was 32%, up 1 point year over year. Revenue by geographic segment was: Americas up 5%, EMEA up 8%, and APJC up 6%. Product revenue performance was generally broad based with growth in Security, up 12%, Applications, up 10%, and Infrastructure Platforms, up 7%.
  • Co issues upside guidance for Q1, sees EPS of $0.70-0.72, excluding non-recurring items, vs. $0.69 Capital IQ Consensus; revs +5-7% to ~$12.74-13.0 bln vs. $12.58 bln Capital IQ Consensus Estimate; gross margin 63-64%; operating margin 30-31%. The guidance includes the SPVSS business that is being divested and excludes the Duo Security acquisition since both transactions have not closed
16:10  BBY Best Buy agrees to acquire GreatCall for $800 mln in cash (76.38 -2.15)

  • GreatCall is a leading provider of connected health and personal emergency response services to the aging population. It has more than 900,000 paying subscribers. Best Buy currently has a growing business selling health- and wellness-related products.
  • Best Buy sees the acquisition as a manifestation of the Best Buy 2020 strategy to enrich lives through technology by addressing key human needs.
  • The co expects the impact of the acquisition on its non-GAAP earnings to be neutral in fiscal 2019 and fiscal 2020 and accretive by fiscal 2021.
16:07  GNL Global Net Lease announces offering of 4.0 mln shares of common stock (22.09 +0.01)

  • GNL intends to use the net proceeds from the offering to fund acquisitions, including a portion of the purchase price for the pending acquisitions of two net lease distribution properties for which GNL has signed definitive agreements, as well as for general corporate purposes.
16:05  NTAP NetApp beats by $0.24, beats on revs; guides Q2 EPS in-line, revs in-line (82.47 -0.29)

  • Reports Q1 (Jul) earnings of $1.04 per share, excluding non-recurring items, $0.24 better than the Capital IQ Consensus of $0.80 and well above prior guidance of $0.76-0.82; revenues rose 11.6% year/year to $1.47 bln vs the $1.42 bln Capital IQ Consensus and vs prior guidance of $1.365-1.465 bln.
  • Co issues in-line guidance for Q2 (Oct), sees EPS of $0.94-1.00, excluding non-recurring items, vs. $0.97 Capital IQ Consensus Estimate; sees Q2 revs of $1.45-1.55 bln vs. $1.51 bln Capital IQ Consensus Estimate.
16:02  MLHR Herman Miller appoints Andi Owen CEO, effective August 22 (37.10 -0.75)

  • Ms. Owen joins Herman Miller after a 25-year career at Gap (GPS), where she most recently served as Global President of Banana Republic.
  • She succeeds Brian C. Walker in the position. The appointment is part of a previously-announced leadership succession planning process.
16:02  NBIX Neurocrine Biosci will present data from its movement disorders programs, including additional long-term results for INGREZZA and data analyses from a Phase III study on opicapone at the 2018 World Congress on Parkinson's Disease and Related Disorders (113.99 -2.23)