PRE-MARKET | October 20, 2016 | $IMAX, $AAPL, $AAL, $DB, $EXPE, $BANC, $MAT, $BP, $VZ, $MOMO, and Draghi Keeping Up Suspense on Future of ECB Stimulus Plan

by Alpha | Oct 20, 2016 | Pre-Market

PRE-MARKET MOVERS

1. DRWI, S:

$DRWI DragonWave Equipment Selected for Sprint’s $S Network Densification & Optimization Strategy – PR

2. XGTI:

$XGTI xG Technology Announces $16 Million Binding Agreement to Acquire Vislink Communication Systems

3. SCYX:

$SCYX H.C. Wainwright Starts SCYNEXIS at Buy, $14 PT

4. AXP:

$AXP American Express Raises Earnings Outlook – WSJ

5. URI:

$URI United Rentals Q3 adjusted earnings per share $2.58; Updates 2016 Guidance

6. MAT:

$MAT Mattel Beats Sales Estimates as Girl Power Fuels Toy Industry – BBG

7. BANC:

$BANC DA Davidson Upgrades Banc of California to Buy, $20 PT

8. CTXS:

$CTXS Citrix Raises Annual Outlook as Quarterly Earnings Jump – Nasdaq

9. RAD, WBA:

$RAD Walgreens Boots Alliance $WBA , Rite Aid extend end date of merger agreement – DSN

10. IMAX:

$IMAX IMAX Beats on Revenue and Meets Earnings Mark as Q3 Per-Screen Take Rises 8 Percent – The Wrap

11. DB:

$DB Deutsche Bank Spikes On Report Qatar, Abu Dhabi Ad Chinese Investors May Boost Stake – ZeroHedge

12. WBA:

$WBA Walgreens profit beats, Rite Aid deal seen closing in 2017 – Reuters

13. EXPE:

$EXPE Susquehanna Starts Expedia at Positive, $160 PT; Pacific Crest Upgrades Expedia to Overweight

14. AVGR:

$AVGR Avinger Receives Expanded FDA Indications for Pantheris LA System – Street Insider

15. LSTR:

$LSTR Landstar System Reports 3Q Revenue Of $788 Million And Diluted Earnings Per Share Of $0.86 – PRN

16. LAD: $LAD Lithia Motors Misses Q3 EPS by 11c; Names New CFO – Street Insider

17. MON: $MON Monsanto Talked to Three Other Companies Before Bayer Deal – BBG

18. XLNX: $XLNX Xilinx Tops Q2 EPS by 6c; Sees Q3 Sales Flat Sequentially – Street Insider

19. TSCO: $TSCO Tractor Supply Sales Hurt by Weakness in Energy, Agricultural Markets – WSJ

20. MGT: $MGT MGT Capital Comm Director Calls NYSE Delisting ‘Unprecedented’ – Street Insider

21. FITB:

$FITB Fifth Third Profit Tops Views – WSJ

22. DNKN:

$DNKN Dunkin’ Donuts Earnings Growth Accelerates, But Sales Dip – IBD

23. BUD:

$BUD Societe Generale Downgrades Anheuser-Busch InBev to Hold

24. FMSA:

$FMSA Fairmount Santrol Prices Public Offering of Common Stock – GlobeNewswire

25. BP:

$BP UBS Downgrades BP to Neutral

26. WFC:

$WFC California launches criminal probe into Wells Fargo account scandal – Reuters

27. RS:

$RS Reliance Steel Misses Q3 EPS by 7c; Guides Lower – Street Insider

28. WLTW:

$WLTW Deutsche Bank Downgrades Willis Towers Watson to Sell

29. TRV:

$TRV Travelers profit falls, but beats expectations – MarketWatch

30. TSLA:

$TSLA All Tesla cars built from today on have all hardware needed for full self-driving – TechCrunch

31. UNP:

$UNP Union Pacific’s Earnings Miss Estimates on Weak Freight – BBG

32. CNSL:

$CNSL Stephens Downgrades Consolidated Communications Holdings Inc. to Underweight

33. VZ:

$VZ Verizon’s Q3 revenue, wireless business feels heat; IoT revenue $217 million – ZDNet

34. HQY:

$HQY HealthEquity Announces Commencement of Proposed Secondary Offering of Common Stock – Nasdaq

35. MTW:

$MTW Manitowoc turns to cost-cutting amid weak quarter – MarketWatch

36. PBYI:

$PBYI Puma Biotech Prices 3.75M Common Stock Offering at $40/Share – Street Insider

37. EBAY:

$EBAY eBay Revenue Grows, Though Profit Declines – WSJ

38. TBI:

$TBI TrueBlue Misses Q3 EPS by 5c, Q4 Guidance Falls Short – Street Insider

39. DXPE:

$DXPE DXP Enterprises Reports Preliminary Third Quarter Results – Business Wire

40. ONVO:

$ONVO Organovo Announces Proposed Public Offering of Common Stock – GN

41. SCSS:

$SCSS Select Comfort Misses on Q3 Earnings & Revenues – Zacks

42. RIGL:

$RIGL Rigel’s bleeding disorder drug fails late-stage study – Reuters

UPGRADES

1. BANC:$BANC DA Davidson Upgrades Banc of California to Buy, $20 PT

2. EXPE:$EXPE Susquehanna Starts Expedia at Positive, $160 PT; Pacific Crest Upgrades Expedia to Overweight

3. GS, MS:Morgan Stanley upgraded, Goldman cut at Guggenheim

4. MAA:JMP Securities Upgrades Mid-America Apartment Communities $MAA to Market Outperform

5. MOMO:Morgan Stanley upgrades Momo Inc. $MOMO to Overweight, Target $32, “Virtuous Circle Emerging” >>

6. MTN:UPDATE: Wells Fargo Upgrades Vail Resorts $MTN to Outperform

7. UFPI:DA Davidson Bullish On Universal Forest Product’s Pullback, Upgrades To Buy

DOWNGRADES

1. AIV:Apartment Inv. & Mgmt. was Downgraded to a Hold Rating at JMP Securities $AIV

2. BGFV:Forward View Consulting Downgrades Big 5 Sporting Goods to Sell $BGFV

3. BP:$BP UBS Downgrades BP to Neutral

4. BUD:$BUD Societe Generale Downgrades Anheuser-Busch InBev to Hold

5. CNSL:$CNSL Stephens Downgrades Consolidated Communications Holdings Inc. to Underweight

6. DYN:RBC Capital Downgrades Dynegy Inc. to Hold $DYN

7. EPM:Northland Capital Markets Downgrades Evolution Petroleum $EPM to Market Perform

8. SCSS:BofA/Merrill Lynch Downgrades Select Comfort $SCSS to Underperform

9. SNH:Jefferies Downgrades Senior Housing Properties Trust $SNH to Hold

10. WLTW:$WLTW Deutsche Bank Downgrades Willis Towers Watson to Sell

EARNINGS

1. DNKN:$DNKN reports FQ3 earnings of 60c EPS and $207.10M Revs –

2. DHR:$DHR reports FQ3 earnings of 87c EPS and $4.13B Revs –

3. GPI:$GPI reports FQ3 earnings of $1.96 EPS and $2.82B Revs –

4. ALK:$ALK reports FQ3 earnings of $2.20 EPS and $1.57B Revs –

5. JAKK:$JAKK reports FQ3 earnings of 89c EPS and $302.79M Revs –

6. BK:$BK reports FQ3 earnings of 90c EPS and $3.93B Revs –

7. PHM:$PHM reports FQ3 earnings of 43c EPS and $1.94B Revs –

8. SNA:$SNA reports FQ3 earnings of $2.22 EPS and $834.10M Revs –

9. TXT:$TXT reports FQ3 earnings of 61c EPS and $3.25B Revs –

10. DST:$DST reports FQ3 earnings of $1.53 EPS and $386.70M Revs –

11. PPG:$PPG reports FQ3 earnings of $1.56 EPS and $3.79B Revs –

12. WBA:$WBA reports FQ4 earnings of $1.07 EPS and $28.64B Revs –

13. DAN:$DAN reports FQ3 earnings of 49c EPS and $1.38B Revs –

14. TRV:$TRV reports FQ3 earnings of $2.40 EPS and $6.96B Revs –

15. LAD:$LAD reports FQ3 earnings of $2.06 EPS and $2.27B Revs –

16. ADS:$ADS reports FQ3 earnings of $4.74 EPS and $1.89B Revs –

17. DGX:$DGX reports FQ3 earnings of $1.37 EPS and $1.89B Revs –

18. KCG:$KCG reports FQ3 earnings of -13c EPS and $208.53M Revs –

19. SXC:$SXC reports FQ3 earnings of 10c EPS and $293.90M Revs –

20. VZ:$VZ reports FQ3 earnings of $1.01 EPS and $30.94B Revs –

21. VZ:$VZ reports inline with the Estimize EPS Consensus and misses the Estimize Revenue Consensus by $257.41M –

22. MNRO:$MNRO reports FQ2 earnings of 53c EPS and $248.58M Revs –

23. AAL:$AAL reports FQ3 earnings of $1.76 EPS and $10.59B Revs –

24. POOL:$POOL reports FQ3 earnings of $1.03 EPS and $691.43M Revs –

25. WBC:$WBC reports FQ3 earnings of $1.54 EPS and $675.40M Revs –

26. IMAX:$IMAX reports FQ3 earnings of 12c EPS and $86.55M Revs –

27. UNP:$UNP reports FQ3 earnings of $1.36 EPS and $5.17B Revs –

28. GNTX:$GNTX reports FQ3 earnings of 32c EPS and $429.64M Revs –

29. ITW:$ITW reports FQ3 earnings of $1.50 EPS and $3.50B Revs –

30. ITW:$ITW reports inline with the Estimize EPS Consensus and beats the Estimize Revenue Consensus by $6.94M –

31. SYNT:$SYNT reports FQ3 earnings of $-2.58 EPS and $241.26M Revs –

32. UTEK:$UTEK reports FQ3 earnings of 29c EPS and $48.61M Revs –

Trending Social Alerts

1. VZ:Verizon Reports Q3 EPS $1.01 vs. Est. $0.99, Rev. $30.9B vs. Est. $31.09B $VZ

2. PBYI:$PBYI Desperate Money Grab Signals Breast Cancer Drug Trouble Just 3 weeks ago, CEO said no dilutive financing…

3. WBA:Walgreens Boots Alliance Reports Q4 Adj. EPS $1.07 vs $0.99 Est., Sales $28.6B vs $29.1B Est. $WBA

4. EBAY:eBay Inc. 2016 Q3 – Results – Earnings Call Slides $EBAY

5. RIGL:$RIGL 2nd Ph3 did not reach statistical significance and the study did not meet its primary endpoint.

6. ONVO:$ONVO prices 9m shares at 2.75/share

Trending News Headlines

1. Puma Bio’s desperate money grab signals breast cancer drug trouble

Puma CEO Alan Auerbach wanted the cash desperately, regardless of Puma’s stock price. Get the deal done, even if you have to sell it to the shorts.

2. Snoopy Has Been Fired by MetLife

MetLife decided earlier this year to part with most of its U.S. life-insurance business. Now it is cutting ties with Snoopy.

3. European Central Bank Leaves Rates on Hold

The European Central Bank kept all of its key interest rates unchanged, matching expectations that its policy would remain in a holding pattern as inflation gradually picks up in the currency bloc.

4. Draghi Keeping Up Suspense on Future of ECB Stimulus Plan

Instead of expanding stimulus just now, Mario Draghi might settle for keeping up the suspense surrounding it.

5. Puma Biotechnology Prices Public Offering of Common Stock | Business Wire

Puma Biotechnology announced the pricing on its proposed common stock offering.

Technology News

1. Out of 2.6 million anti-semitic tweets sent from Aug 2015-July 2016, 70% came from just 1,600 accounts:

2. Given the volume of anti-Semitic tweets that I see, this is a real problem, @jack

3. I can anecdotally confirm an anti-Semitic troll uptick, beginning around when Trump started raving about globalism

4. The dev preview for @Android 7.1 Nougat is available today! Get the updated SDK & tools to start testing your apps:

5. This is brilliant marketing from Tesla. It’s becoming the self-driving car company before having self-driving cars!

6. Good settlement with FCC today. @TMobile believes more info is best for customers. #themoreyouknow

7. Elon Musk says if you’re trying to dissuade people from using autonomous tech, “you’re killing people.”

8. Apple event will be live streamed as well on the 27th

9. Apple plans dynamic, customizable keyboards for MacBooks with help from Australian startup Sonder

10. 1st steps towards a new US deterrence strategy? Russian Hacker, Wanted by F.B.I. Is Arrested in Prague, Czechs Say

Today’s Economic Calendar
8:30 Initial Jobless Claims
8:30 Philly Fed Business Outlook
9:45 Bloomberg Consumer Comfort Index
10:00 Leading Indicators
10:00 Existing Home Sales
10:30 EIA Natural Gas Inventory
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

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