PRE-MARKET MOVERS
2. CWEI: 
$CWEI Clayton Williams Energy Announces Agreement to Sell Giddings Area Assets for $400 Million – BW
$CWEI Clayton Williams Energy Announces Agreement to Sell Giddings Area Assets for $400 Million – BW4. LXRX: $LXRX Lexicon Pharma Announces Sotagliflozin Phase 2 Met Primary Endpoint in T2D – Street Insider
$LXRX Lexicon Pharma Announces Sotagliflozin Phase 2 Met Primary Endpoint in T2D – Street Insider16. CVX, TOT: 
$TOT Total, Glencore and Gunvor bidding for Chevron’s $CVX South African assets – Rueters
$TOT Total, Glencore and Gunvor bidding for Chevron’s $CVX South African assets – Rueters21. CRZO, SN: $CRZO Carrizo Buys Sanchez’s $SN Eagle Ford Assets For $180 Million – Oil & Gas Investor
$CRZO Carrizo Buys Sanchez’s $SN Eagle Ford Assets For $180 Million – Oil & Gas Investor24. NMFC: $NMFC New Mountain Finance Corporation Commences Offering of 5,000,000 Shares of Common Stock – BW
$NMFC New Mountain Finance Corporation Commences Offering of 5,000,000 Shares of Common Stock – BW27. NLSN: $NLSN Nielsen Holdings Misses Q3 EPS by 2c; Guides FY16 EPS Below the Street – Street Insider
$NLSN Nielsen Holdings Misses Q3 EPS by 2c; Guides FY16 EPS Below the Street – Street Insider
UPGRADES
3. CHK:$CHK upgraded to Sector Perform at RBC Capital
DOWNGRADES
1. ARIA:$ARIA downgraded to Market Perform at JMP Securities.
8. V:$V downgraded to Neutral at Guggenheim, maintains Buy rating at UBS – PT raise $97 from $90
9. VFC:$VFC downgraded to Hold at Deutsche Bank – PT raise $97 from $90, maintains Buy rating at UBS – PT cut $59 from $65
EARNINGS
Trending Social Alerts
1. MRK:$MRK Merck & Co Q3 16 Earnings Results: -Adj EPS: $1.07 -Revenue: $10.5B
2. UA:Under Armour Reports Q3 EPS $0.29 vs $0.25 Est., Sales $1.472B vs $1.45B Est. $UA
6. UTX:$UTX United Technologies Q3 16 Earnings Results: -Adj EPS: $1.76 -Revenue: $14.4B
9. NVS:Strong indication from Jimenez on conf call that $NVS would love to sell Roche stake to buy bolt-on instead – actively looking
10. CRBP:Bear Thesis on $CRBP Could Cause a Crash Landing for High-Flying Biotech Stock As teased last night…
11. DD:#jimcramer $DD raises 2016 operating profit guidance – my RealMoneyPro long standing favorite large cap for 2016
13. DPRX:$DPRX halt
14. PG:P&G Reports Q1 Adj. EPS $1.03 vs $0.98 Est., Sales $16.52B vs $16.5B Est. $PG
15. MMM:$GM crushes numbers, “Automotive Strength” a theme across multiple industry reports including $MMM and $DD today
Trending News Headlines
1. Bear thesis on Corbus Pharma could cause a crash landing for high-flying biotech stock
The market is acting like resunab is a real drug, which is why my investor source is short Corbus.
2. Twitter Planning Hundreds More Job Cuts as Soon as This Week
3. Caterpillar Lowers Sales Forecast as Rebound Proves Elusive
4. Merck Announces Third-Quarter 2016 Financial Results | Merck Newsroom Home
5. Under Armour Tumbles After Forecast Renews Fears of Slowdown
6. New Results Presented for Opdivo (nivolumab) Demonstrate Encouraging Response Rate in an Expanded Population of Heavily Pre-Treated Classical Hodgkin Lymphoma Patients | Business Wire
7. Pfizer cuts price of Enbrel to match rival ‘biosimilar’ drug
8. Syngenta-ChemChina Deal Closing Likely to Be Delayed
9. Baker Hughes posts smaller-than-expected loss as cost cuts pay off
10. Sheff on Twitter
“$TGTX..$6.23..Key Milestones & $15 PT valuation (Sun)”
11. UPDATE: Chardan Capital Markets Starts Clovis Oncology (CLVS) at ‘Sell’ With Price Target of $15
12. Uber’s Otto hauls Budweiser across Colorado in self-driving truck
13. Goldman, closer to Murdoch than Bugs Bunny, misses year’s biggest deal
Technology News
3. The Times opened 9 jobs today for @wirecutter, including GM, design, technology and product roles:
Meanwhile in Europ
Brussels Contemplates Outlawing Short Selling on European Bank Stocks | Armstrong Economics
The European banks are in much worse shape than their US competition. The reason being argued in Europe is that the US government imposed a ban on speculation
Today’s Economic Calendar
8:55 Redbook Chain Store Sales
9:00 FHFA House Price Index
9:00 S&P Case-Shiller Home Price Index
10:00 Consumer Confidence
10:00 Richmond Fed Mfg.
10:00 State Street Investor Confidence Index
1:00 PM Results of $26B, 2-Year Note Auction
1:20 PM Fed’s Lockhart speech
