- EARNINGS (all times ET, times are approximate):
* Wal-Mart Stores (WMT) 7am, $1.25 - Preview
* Kohl’s (KSS) 7am, $1.04
* Estee Lauder (EL) 7:30am, $0.21
* Perrigo (PRGO) 7:44am, $1.56
* Pan American Silver (PAA CN) Bef-mkt, $0.05
* E-Commerce China Dangdang (DANG) Bef-mkt, $(0.15)
* Applied Materials (AMAT) 4pm, $0.19
* Dell (DELL) 4:01pm, $0.24
* Bally Technologies (BYI) 4:01pm, $0.94
* Aspen Technology (AZPN) 4:02pm, $0.08
* Nordstrom (JWN) 4:05pm, $0.88 - Preview - EARNINGS All times CET, estimates where available:
* Zurich Insurance (ZURN VX) 6:45am, 2Q adj. EPS est. $5.68
* Holcim (HOLN VX) 7am, 2Q adj. EPS est. CHF1.24
* Boskalis (BOKA NA) 7am, 1H adj. EPS est. EU1.04
* Oriflame Cosmetics (ORI SS) 7:15am, 2Q adj. EPS est. EU0.44
* GSW Immobilien (GIB GY) 7am, 2Q adj. EPS est. EU0.38 (2 ests)
* Ratos (RATOB SS) 8am, 2Q adj. EPS est. SK0.50 (1 est.)
* Aalberts (AALB NA) 7:30am, 1H adj. EPS est. EU0.71
* Mobimo Holding (MOBN SW) TBD, 1H
* Nordex (NDX1 GY) 8am, no ests.
* Talvivaara Mining (TALV LN) 8am, 2Q adj. loss/shr est. EU0.015
* Derwent London (DLN LN) 8am, 1H adj. EPS est. GBP0.27
* AZ Electronic Materials (AZEM LN) 8am, 1H adj. EPS est. GBP0.13
* Ophir Energy (OPHR LN) 8am, 1H adj. loss-shr est. $0.14 (1 est.)
* Meyer Burger Tech (MBTN SW) 1H adj. loss-shr est. CHF1.66 (1 est.)
* Imperial Tobacco (IMT LN) 8am, 3Q sales, IMS
* Hennes & Mauritz (HMB SS) 8am, July sales - IPO WATCH:
* Priced yday:
* Third Point Reinsurance (TPRE) priced 22.05m shrs at $12.50
* No IPOs expected to price today: Bloomberg data - CONFERENCES:
* Canaccord Genuity Growth Conf.: AEGR, ANGI, ATML, CREE, DWRE, ELGX, IPXL, ISIS, ISRG, ITRI, MKSI, MKTO, NVDA, OLED,
PLB CN, PODD, QCOM, SRPT, TQNT, TUMI, ULTI, UNFI, VOLC
* EnerCom Oil & Gas Conf.: PDCE
* Jefferies Global Industrials Conf.: AGCO, AVY, CDE, CIR, CVA, HL, IPHS, KALU, MTZ, RKT, SEE, SEE, SON, TRS - CORPORATE EVENTS:
* Annual meeting: ATA CN, FRX, QSII
* Analyst meeting: F - EQUITY PREVIEW:
* Agilent (A): Raises low end of yr adj. EPS view
* AMR (AAMRQ): Hearing on reorganization plan
* Biolase (BIOL): Cuts registration statement to $5m vs $30m
* Buckeye (BKI): Vote on Georgia-Pacific (GP) takeover offer
* Cisco (CSCO): Cutting 5% of staff, 4Q adj. EPS beat by 1c
* Dillards (DDS): 2Q EPS tops est. on gross margin improvement
* Hollysys (HOLI): 4Q rev. $113.4m, up 29% Y/y
* J.C. Penney (JCP): Aug. comp. sales turn positive: N.Y. Post
* Mannkind (MNKD): Working with Greenhill & Co. on partnering talks
* Netapp (NTAP): 2Q EPS view midpoint in line
* Netease (NTES): 2Q profit/ADS, rev. beat ests.
* Tesla (TSLA): Secondary offer lock-up expires
* Vipshop (VIPS): 2Q rev. beats; 3Q rev. est. within forecast
WHAT HAPPENED:
* Initial jobless claims 320k vs est. 335k; 4-wk moving avg 332k
* Lowest level since Oct. 2007
* Continuing claims fell 54k to 2.969m
* U.S. July CPI Up 0.2%, Matches Est.; Ex. Food, Energy Matches
* July industrial production unchanged vs est. up 0.3%; capacity utilization 77.6% vs est. 77.9%
* Bloomberg Weekly Consumer Comfort index fell to -26.6 vs -23.5 W/w
* U.S. August Home Builders’ Confidence Rises to 59 vs Est. 57
* U.S. Aug. Philadelphia Fed Index Falls to 9.3, Est. 15.0
* U.S. Aug. New York Fed Empire Report Falls to 8.2, Est. 10
* Treasury 30-year bond yield, 10-year bond yield rise to highest since August 2011
* U.K. 10-Year Gilt Yield Rises to 2.71%, Highest Since Aug. 2011
* U.S. Net Long-Term Portfolio Securities Outflow $66.9b in June- UPGRADES:
* Akorn (AKRX) to buy: Gabelli & Co.
* Baker Hughes (BHI) to outperform: RBC Capital
* Carnival Corp. (CCL) to buy: Goldman Sachs
* Cisco (CSCO) raised to neutral at ISI Group
* Infosys (INFY) to buy: Nomura
* Integra Lifesciences (IART) to overweight: Piper Jaffray
* JinkoSolar (JKS) to buy: Roth Capital
* Martin Midstream (MMLP) to outperform: Raymond James
* MDC Holdings (MDC) to buy: Sterne Agee
* Medicines Co. (MDCO) to buy: BofA Merrill
* National Oilwell (NOV) to outperform: RBC Capital
* Nexstar Broadcasting (NXST) to overweight: Evercore
* SunTrust Banks (STI) to buy: Drexel Hamilton
DOWNGRADES:
* AstraZeneca (AZN) to underweight: Morgan Stanley
* Anixter (AXE) to market perform: William Blair
* Avago Technologies (AVGO) to hold: Brean Capital
* GlaxoSmithKline (GSK) to underweight: Morgan Stanley
* Green Dot (GDOT) to neutral: Compass Point
* Helmerich & Payne (HP) to sector perform: RBC Capital
* Houston Wire & Cable (HWCC) to market perform: William Blair
* Oceaneering (OII) to sector perform: RBC Capital
* PulteGroup (PHM) to outperform: RBC Capital
* Renren (RENN) to underperform: Jefferies
* United Microelectronics (UMC) to sell: Goldman Sachs
INITIATIONS:
* ArcelorMittal (MT) underweight: Barclays
* Agnico Eagle (AEM) hold: Desjardins Capital
* Agilent Technologies (A) neutral: Janney Capital, PT $50
* Bruker Corp. (BRKR) neutral: Janney Capital, PT $22
* BazaarVoice (BV) buy: B. Riley, PT $15.25
* First Majestic Silver (AG) buy: Desjardins Capital
* Idex Corp. (IEX) buy: Janney Capital, PT $75
* Illumina (ILMN) neutral: Janney Capital, PT $86
* Mettler-Toledo (MTD) neutral: Janney Capital, PT $255
* New Gold (NGD) top pick: Desjardins Capital
* National Instruments (NATI) neutral: Janney Capital, PT $33
* Neogen (NEOG) neutral: Janney Capital, PT $61
* PerkinElmer (PKI) neutral: Janney Capital, PT $40
* Pall Corp. (PLL) neutral: Janney Capital, PT $79
* Qiagen (QGEN) neutral: Janney Capital, PT $24
* Quantum Fuel (QTWW) buy: Ascendiant Capital, PT $3.50
* Safeguard Scientifics (SFE) neutral: Janney Capital, PT $18
* Sigma-Aldrich (SIAL) buy: Janney Capital, PT $103
* Thermo Fisher (TMO) buy: Janney Capital, PT $113
* Techne (TECH) neutral: Janney Capital, PT $85
* Waters Corp. (WAT) neutral: Janney Capital, PT $118
* Westport Innovations (WPRT) sector perform: RBC Capital, PT $28
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