Jobs in Focus | Morning News

AUGUST 7. 2015

US futures struggling at this 7AM hour as traders turn their focus on jobs data this morning at 8:30. On tap will be fresh figures on non-farm payrolls, unemployment, and hourly earnings. Markets overseas are mixed, with Europe being led lower by weak German industrial production readings. Gold stabilizing overnight with the commodity up nominally.

NEWS:

BABA: Alibaba inks exclusive tie-ups with global brands to sell in China, reports reuters
UBNT: launches $100M stock repurchase program
UA: Tony Romo inks an endorsement deal with Under Armour, reports the nypost
CCE: KO: Coca-Cola bottlers confirm mergr to form Coca-Cola European
LNG: Carl Icahn reports 8.18% active stake in Cheniere Energy
F: Ford China sales growth declines for third month: July down 6 pct Y/Y, reports reuters
YELP: GRUB: Uber expanding UberEATS, an ultra-fast meal delivery service

ON THE ECONOMIC CALENDAR:

8:30AM: Non-farm Payrolls: expectation for a slight drop to 220K from last month’s 223K
8:30AM: Unemployment Rate: expectation 5.3%, unchanged from last month
8:30AM: Average Hourly Earnings: expectation 0.2%, up from 0.0% last moth
3PM: Consumer Credit

EARNINGS THIS MORNING BEFORE THE OPENING:

HIMX: Q2 EPS of $0.05 in-line: revenue of $169.2M misses by $3.37M
BID: Q2 EPS of $1.04 misses by $0.20: revenue of $332.01M misses by $10.48M
CST: Q2 EPS of $0.32 misses by $0.01: revenue of $2.55B beats by $50M
HSY: Q2 EPS of $0.78 beats by $0.03: revenue of $1.58B misses by $40M
SIRO: FQ3 EPS of $1.16 beats by $0.01: revenue of $306.1M beats by $10.26M
JD: Q2 EPS of -RMB0.01: revenue of RMB45.93B: revenue +60.5% Y/Y

RECAP OF SOME NOTABLE EARNINGS AFTER THE CLOSE YESTERDAY:

NDLS: Q2 EPS of $0.10 misses by $0.02: revenue of $115.23M misses by $2.65M: lowers guidance
ZNGA: Q2 EPS of -$0.01 beats by $0.01: revenue of $174.46M beats by $17.62M: soft guidance
MNST: Q2 EPS of $0.79 misses by $0.12: revenue of $693.72M misses by $62.18M: reports that Coke partnership disruption negatively impacted Q2
NUAN: FQ3 EPS of $0.32 beats by $0.03: revenue of $488.7M beats by $8.34M: guides revenue below expectations
NUS:Q2 EPS of $0.75 beats by $0.03: revenue of $560.21M beats by $9.4M: lowers guidance but remains in-line with expectations
NVDA: Q2 EPS of $0.05 misses by $0.05: revenue of $1.15B beats by $140M: guides revenue above estimates
BITA:Q2 EPS of $0.31 beats by $0.04: revenue of $162.2M beats by $1.25M: revenue +92.6% Y/Y: light guidance
RBCN: Q2 EPS of $0.33 beats by $0.61: revenue of $7.1M misses by $4.53M: revenue -50.9% Y/Y: soft guidance
IMPV: Q2 EPS of -$0.08 beats by $0.13: revenue of $53.47M beats by $4.92M: revenue +39.1% Y/Y: strong guidance
CUBE: Q2 FFO of $0.30 in-line: revenue of $109.87M beats by $1.89M: raises guidance
STMP:Q2 EPS of $0.97 beats by $0.26: revenue of $48.36M beats by $5.03M: revenue +41.1% Y/Y: raises guidance
MDVN: Q2 EPS of $0.58 beats by $0.13: revenue of $175.7M beats by $16.28M: revenue +18.6%Y/Y
SFM: Q2 EPS of $0.22 in-line: revenue of $902.15M beats by $1.19M: lowers guidance
OSTK: Q2 EPS of $0.07 misses by $0.06: revenue of $388.01M beats by $13.51M