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Qualcomm Inc (QCOM) Adj. Q4 EPS USD 0.90 vs. Exp. USD 0.83, revenue USD 5.83bln vs. Exp. USD 5.52bln. Lowers Q1 revenue guidance Monster Beverage Corp (MNST) Q3 EPS USD 0.50 vs. Exp. USD 0.46, revenue USD 1.02bln vs. Exp. USD 0.99bln Tesla (TSLA) – The co. has appointed Robyn Denholm, current CFO of the Australian telecoms co. Telstra (TLSYY), as its full-time board chair 8th November 2018
Albemarle Corp (ALB) Q3 EPS USD 1.31 vs. Exp. USD 1.25, revenue USD 0.777bln vs. Exp. USD 0.8bln. Confirms full-year 2018 sales forecasts. (Newswires) ANSYS Inc (ANSS) Q3 EPS USD 1.31 vs. Exp. USD 1.09, revenue USD 0.292bln vs. Exp. USD 0.28bln. (Newswires) Arris (ARRS) preliminary Q3 Adj. EPS USD 0.68 vs. Exp. USD 0.67, revenue USD 1.65bln vs. Exp. USD 1.71bln. (Newswires) Cardinal Health Inc (CAH) Q1 Adj. EPS USD 1.29 vs. Exp. USD 1.08, revenue USD 35.21bln vs. Exp. USD 33.65bln. The co. announced an additional USD 1bln share repurchase programme. (Newswires) CenterPoint Energy Inc (CNP) Q3 EPS USD 0.38 vs. Exp. USD 0.42, revenue USD 2.21bln vs. Exp. USD 2.1bln. (Newswires) CommScope (COMM) Q3 Adj. EPS USD 0.59 vs. Exp. USD 0.66, revenue USD 1.15bln vs. Exp. USD 1.22bln. The co. is to acquire Arros (ARRS) for around USD 7.4bln or USD 31.75/shr, including debt. (Newswires) Ctrip.Com International Ltd (CTRP) Q3 EPS USD 0.42 vs. Exp. USD 0.27, revenue USD 1.37bln vs. Exp. USD 1.33bln. (Newswires) D.R. Horton (DHI) Q4 EPS USD 1.22 vs. Exp. USD 0.82, revenue USD 4.5 vs. Exp. USD 4.56bln. (Newswires) DaVita Inc (DVA) Q3 EPS USD 0.56 vs. Exp. USD 0.87, revenue USD 2.85bln vs. Exp. USD 2.93bln. (Newswires) Discovery Inc (DISCA) Q3 EPS USD 0.79 vs. Exp. USD 0.59, revenue USD 2.592bln vs. Exp. USD 2.6bln. (Newswires) Flowserve Corp (FLS) Q3 EPS USD 0.49 vs. Exp. USD 0.43, revenue USD 0.952bln vs. Exp. USD 0.93bln. (Newswires) Hologic Inc (HOLX) Q3 EPS USD 0.58 vs. Exp. USD 0.58, revenue USD 0.813bln vs. Exp. USD 0.81bln. (Newswires) Huntington Ingalls Industries Inc (HII) Q3 EPS USD 5.29 vs. Exp. USD 4.13, revenue USD 2.1bln vs. Exp. USD 1.9bln. (Newswires) Johnson Controls International PLC (JCI) Q4 EPS USD 0.93 vs. Exp. USD 0.93, revenue USD 8.4bln vs. Exp. USD 8.26bln. (Newswires) Liberty Global PLC (LBTYA) Q3 revenue USD 2.96bln vs. Exp. USD 3.19bln. (Newswires) Marathon Oil Corp (MRO) Q3 EPS USD 0.24 vs. Exp. USD 0.21, revenue USD 1.67bln vs. Exp. USD 1.48bln. (Newswires) Monster Beverage Corp (MNST) Q3 EPS USD 0.50 vs. Exp. USD 0.46, revenue USD 1.02bln vs. Exp. USD 0.99bln. (Newswires) Nektar Therapeutics (NKTR) Q3 EPS USD -0.56 vs. Exp. USD -0.63, revenue USD 0.027bln vs. Exp. USD 0.03bln. (Newswires) News Corp (NWS) Q1 Adj. EPS USD 0.17 vs. Exp. USD 0.05, revenue USD 21.4 vs. Exp. USD 2.53. (Newswires) Norwegian Cruise Line Holdings Ltd (NCLH) Q3 EPS USD 2.27 vs. Exp. USD 2.21, revenue USD 1.86bln vs. Exp. USD 1.84bln. (Newswires) NRG Energy Inc (NRG) Q1 EPS USD -0.24 vs. Exp. USD 1.31 (may not compare), revenue USD 3.06bln vs. Exp. USD 3.18bln. (Newswires) Prudential Financial Inc (PRU) Q3 Adj. EPS USD 3.15 vs. Exp. USD 3.16, AUM USD 1.41trln vs. prev. USD 1.366trln. (Newswires) Qualcomm Inc (QCOM) Adj. Q4 EPS USD 0.90 vs. Exp. USD 0.83, revenue USD 5.83bln vs. Exp. USD 5.52bln. Lowered Q1 revenue guidance. (Newswires) Roku (ROKU) Q3 EPS USD -0.09 vs. Exp. USD -0.12, revenue USD 0.173bln vs. Exp. USD 0.169bln. (Newswires) Square (SQ) Q3 EPS USD 0.13 vs. Exp. USD 0.11, revenue USD 0.431 vs. Exp. USD 0.413. (Newswires) Take-Two (TTWO) Q3 EPS USD 1.52 vs. Exp. USD 0.93, revenue USD 0.492bln vs. Exp. USD 0.550bln. Raises FY19 EPS view. Says ‘RDR2’ sold more units in first 8 days than first ‘RDR’ in 8 years. (Newswires) TripAdvisor Inc (TRIP) Q3 EPS USD 0.72 vs. Exp. USD 0.48, revenue USD 0.462bln vs. Exp. USD 0.47bln. (Newswires) Wynn Resorts Ltd (WYNN) Q3 EPS USD 1.68 vs. Exp. USD 1.69, revenue USD 1.71bln vs. Exp. USD 1.66bln. (Newswires) Zayo Group (ZAYO) Q1 EPS USD 0.09 vs. Exp. USD 0.11, revenue USD 0.641 vs. Exp. USD 0.647. Zayo is to separate in two public cos. (Newswires) DJIA
Apple (AAPL) – European regulators have determined that the tech giant is not a “dominant company”, unlike Google (GOOGL); as according to BI. Elsewhere, the co. has opened its first store in Thailand, selling its full product range. Separately, Morgan Stanley raises its price target to USD 253 from USD 226. (BI/Newswires) Boeing (BA) – The aerospace co. announced that its aircraft deliveries to airlines would be lower than normal as it continues to be burdened by supplier delays. (Newswires) DowDuPont (DWDP) – The chemicals co. has outlined its strategy as a global multi-industrial specialised solutions leader, which will be created once it separates its materials science unit, expected in April 2019 as well as the agricultural division separation in June 2019. (Newswires) IBM (IBM), Seagate Technologies (STX) – The two co.s are collaborating to reduce counterfeiting of products, they will do this by utilising blockchain and security technologies. (Newswires) Microsoft (MSFT) – Online Trump supporters, who have been banned from other sites such as Facebook (FB) and Twitter (TWTR), are reportedly flocking to the co.’s business-focused LinkedIn. (Buzzfeed News) Visa (V), Mastercard (MA) – The Indian Finance Minister announced that the two US card co.s are losing market share in India to rival, smaller payments networks. (Newswires) Walmart (WMT) – The retailer announced its plans to make this upcoming Black Friday jam-packed with “unbelievable prices” on high demand products/brands, as well as making its online deals available two hours earlier than ever before. (Newswires) S&P500
Anadarko (APC), Western Gas (WES) – Oil co. Anadarko has sold all of its remaining midstream assets to Western Gas Partners in a cash and stock deal of approximately USD 4bln. (Newswires) AT&T (T), DISH (DISH) – AT&T’s head of HBO Richard Plepler said that it was DISH’s fault that the two co.s stopped working together, HBO was offering DISH a better deal than they had previously and is “simply not true” that AT&T hindered the deal. Elsewhere, CNN’s White House Correspondent Jim Acosta’s “hard pass” press credential has been revoked following the heated press conference with Trump yesterday. (Newswires) Coca-Cola (KO), Monster (MNST) – Coca-Cola may be releasing two competing drinks after the two signed an agreement back in 2015 which contained competitive exemptions but may not apply in the case. (Newswires) L Brands (LB) – Reports October sales of USD 860mln up 8%, reports composite sales +4% vs. Exp. +0.4%. Sees Q3 Adj. loss USD 0.15 vs. Prev. guidance flat to USD 0.05. (Newswires) Tyson Foods (TSN) – The US’ largest exporter of meats is reportedly looking to expand further into international markets to help minimise risk from US agricultural market swings. (WSJ) Wells Fargo (WFC) – The bank is mulling a potential sale of its retirement-plan services unit for approximately USD 1bln, talks are still early and the bank may not proceed with the plans. (Newswires) NASDAQ
Align Technology (ALGN) – The co. announces a USD 50mln accelerated stock repurchase programme. (Newswires) Alphabet (GOOGL) – The tech giant is looking to expand its New York City office space by 1.3mln square foot, allowing an additional 12,000 staff; according to WSJ. BI reports that the former CEO, Eric Schmidt, blames himself for Google’s failed attempt to break into the social media space, referring to Google Group. (WSJ, BI) Amazon (AMZN) – The online retailers new HQ2 could bring more competition for the hiring of tech workers, with a key competitor being the defence sector, Boeing (BA) and Lockheed (LMT) being other large hirers. (WSJ) Comcast (CMCSA) – The broadcaster is reportedly launching a new streaming service which will let users aggregate applications such as YouTube (GOOGL), Netflix (NFLX) and Amazon (AMZN); set to launch next year. (Newswires) Costco Wholesale (COST) – The retailer reported October comparable sale up 8.6%, net sales up 10.6% at USD 11.6bln. (Newswires) Facebook (FB) – The social media giant is reportedly looking to quadruple the floor space at its international headquarters in Dublin, allowing it to more than double its existing 4,000 staff. Elsewhere, European regulators are mulling an investigation in the co. over its tax dealings in Ireland. (Newswires) Netflix (NFLX) – The streaming service is producing 17 more original shows in Asia, helping it boost its international presence. (Newswires) Regeneron (REGN), Sanofi (SAN) – The pharma co.s have announced that the New England Journal of Medicine released positive results from their ODYSSEY OUTCOMES trial, where the trial met its endpoint. (Newswires) Starbucks (SBUX) – The coffee shop has announced strategic plans for developing customer experience in Japan, helping to accelerate sales and profit growth. (Newswires) Tesla (TSLA) – The co. has appointed Robyn Denholm, current CFO of the Australian telecoms co. Telstra (TLSYY), as its full-time board chair, she will be able to provide her full attention to the co. once her 6-month notice period is complete. (Newswires) OTHER NEWS
Alibaba (BABA) – The Chinese tech giant’s new online on-demand services co. has been valued at USD 30bln, following a raise of USD 4bln in funds. (Newswires) BROKER MOVES
ARCHER DANIELS (ADM) UPGRADED TO BUY FROM HOLD AT ARGUS AVALARA (AVLR) UPGRADED TO OUTPERFORM FROM MARKET PERFORM AT JMP SECURITIES DIAMOND OFFSHORE (DO) UPGRADED TO BUY FROM NEUTRAL AT CLARKSONS PLATOU ENLINK MIDSTREAM (ENLC) UPGRADED TO OVERWEIGHT FROM NEUTRAL AT MUFG ENVESTNET (ENV) UPGRADED TO BUY FROM NEUTRAL AT DA DAVIDSON FIRST COMMONWEALTH (FCF) UPGRADED TO BUY FROM NEUTRAL AT B. RILEY FBR IMPERIAL OIL (IMO) UPGRADED TO BUY FROM HOLD AT GMP SECURITIES KNIGHT-SWIFT (KNX) UPGRADED TO BUY FROM NEUTRAL AT GOLDMAN SACHS SPIRIT AEROSYSTEMS (SPR) UPGRADED TO BUY FROM NEUTRAL AT BOFA/MERRILL ULTRAGENYX (RARE) UPGRADED TO NEUTRAL FROM SELL AT CITI VEONEER (VNE) UPGRADED TO BUY FROM HOLD AT JEFFERIES WARRIOR MET COAL (HCC) UPGRADED TO BUY FROM NEUTRAL AT MKM PARTNERS Downgrades
BWX TECHNOLOGIES (BWXT) DOWNGRADED TO HOLD FROM BUY AT SUNTRUST CABLE ONE (CABO) DOWNGRADED TO HOLD FROM BUY AT SUNTRUST CDK GLOBAL (CDK) DOWNGRADED TO MARKET PERFORM FROM OUTPERFORM AT WELLS FARGO CTRIP (CTRP) DOWNGRADED TO HOLD FROM BUY AT CHINA RENAISSANCE CTRIP (CTRP) DOWNGRADED TO NEUTRAL FROM BUY AT CITI CTRIP (CTRP) DOWNGRADED TO UNDERPERFORM FROM OUTPERFORM AT CLSA DAVITA (DVA) DOWNGRADED TO MARKET PERFORM FROM STRONG BUY AT RAYMOND JAMES DEAN FOODS (DF) DOWNGRADED TO HOLD FROM BUY AT JEFFERIES ENLINK MIDSTREAM PARTNERS (ENLK) DOWNGRADED TO HOLD FROM BUY AT STIFEL EXTRACTION OIL & GAS (XOG) DOWNGRADED TO MARKET PERFORM AT BMO CAPITAL GCP APPLIED TECHNOLOGIES (GCP) DOWNGRADED TO SECTOR WEIGHT FROM OVERWEIGHT AT KEYBANC GREENSKY (GSKY) DOWNGRADED TO EQUAL WEIGHT FROM OVERWEIGHT AT MORGAN STANLEY ITRON (ITRI) DOWNGRADED TO HOLD FROM BUY AT ARGUS LANDSTAR SYSTEM (LSTR) DOWNGRADED TO NEUTRAL FROM BUY AT GOLDMAN SACHS LANDSTAR SYSTEM (LSTR) DOWNGRADED TO SECTOR WEIGHT FROM OVERWEIGHT AT KEYBANC LOWE’S (LOW) DOWNGRADED TO HOLD FROM ACCUMULATE AT GORDON HASKETT MONSTER BEVERAGE (MNST) DOWNGRADED TO EQUAL WEIGHT FROM OVERWEIGHT AT MORGAN STANLEY NORDSTROM (JWN) DOWNGRADED TO REDUCE FROM HOLD AT GORDON HASKETT RENAISSANCERE (RNR) DOWNGRADED TO NEUTRAL FROM BUY AT CITI RH (RH) DOWNGRADED TO HOLD FROM BUY AT GORDON HASKETT SQUARE (SQ) DOWNGRADED TO NEUTRAL FROM POSITIVE AT SUSQUEHANNA ZAYO GROUP (ZAYO) DOWNGRADED TO NEUTRAL FROM BUY AT BTIG ZAYO GROUP (ZAYO) DOWNGRADED TO NEUTRAL FROM BUY AT UBS INITIATIONS
BROADCOM (AVGO) RESUMED AT DEUTSCHE BANK WITH BUY; PT USD 310 CHAMPION IRON (CIA AU) RATED NEW BUY AT PARADIGM CAPITAL; PT CUSD 2.25 COMCAST (CMCSA) RESUMED AT MORGAN STANLEY WITH OVERWEIGHT; PT USD 46 MICROSOFT (MSFT) REINSTATED BUY AT WILLIAM O’NEIL & CO INCORPORATED STANLEY BLACK & DECKER (SWK) RATED NEW HOLD AT DEUTSCHE BANK; PT USD 136 Ex-Dividends
American Campus Communities Inc (ACC). Amount USD 0.46 American Electric Power Company Inc (AEP). Amount USD 0.67 American Water Works Company Inc (AWK). Amount USD 0.45 Apple Inc (AAPL). Amount USD 0.73 BB&T Corp (BBT). Amount USD 0.40 Bio-Techne Corp (TECH). Amount USD 0.32 Boeing Co (BA). Amount USD 1.71 BOK Financial Corp (BOKF). Amount USD 0.50 Capital One Financial Corp (COF). Amount USD 0.40 Charles Schwab Corp (SCHW). Amount USD 0.13 Chemed Corp (CHE). Amount USD 0.30 Cintas Corp (CTAS). Amount USD 2.05 Costco Wholesale Corp (COST). Amount USD 0.57 Helmerich and Payne Inc (HP). Amount USD 0.71 Highwoods Properties Inc (HIW). Amount USD 0.46 Hilton Worldwide Holdings Inc (HLT). Amount USD 0.15 Icahn Enterprises LP (IEP). Amount USD 1.75 International Business Machines Corp (IBM). Amount USD 1.57 J B Hunt Transport Services Inc (JBHT). Amount USD 0.24 Macerich Co (MAC). Amount USD 0.75 Murphy Oil Corp (MUR). Amount USD 0.25 National Instruments Corp (NATI). Amount USD 0.23 Parker-Hannifin Corp (PH). Amount USD 0.76 Pfizer Inc (PFE). Amount USD 0.34 PPG Industries Inc (PPG). Amount USD 0.48 Rockwell Automation Inc (ROK). Amount USD 0.97 Rollins Inc (ROL). Amount USD 0.14 Santander Consumer USA Holdings Inc (SC). Amount USD 0.20 Sirius XM Holdings Inc (SIRI). Amount USD 0.01 Sonoco Products Co (SON). Amount USD 0.41 United States Steel Corp (X). Amount USD 0.05 W W Grainger Inc (GWW). Amount USD 1.36 Walgreens Boots Alliance Inc (WBA). Amount USD 0.44 Wells Fargo & Co (WFC). Amount USD 0.43 Welltower Inc (WELL). Amount USD 0.87 WestRock Co (WRK). Amount USD 0.45 (RANsquawk)