Benzinga Newsletter: Your MI5M: Wednesday, May 1


Published by Benzinga on May 1st, 2019 8:16am. 107 views.


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Your MI5M: Wednesday, May 1

May 1, 2019 • Presented By black blue pro logo-1MARKET IN 5 MINUTES - Email Header - May 1  

PreMarket Gainers & Losers To Watch 

Symbol Company Price Movement
HRTX Heron Therapeutics $15.40 -28.97%
NBRV Nabriva Therapeutics $2.36 -21.07%
STAF Staffing 360 Solutions $1.95 +18.18%
ENPH Enphase energy $11.70 +16.53%
NUS Nu Skin Enterprises  $59.75 +17.50%

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Trending Links

  • Apple Shares Surge After Q2 Earnings Beat, Strong Guidance: Benzinga
    • The company reported 1.4 billion active devices and reported its strongest iPad growth in six years.
    • International sales accounted for 61 percent of revenue.
  • Private Payrolls Surge By 275,000 In April, Blowing Past Estimates: CNBC
    • Services-providing jobs increased by 223,000 in April, led by a gain of 59,000 jobs in professional and business services.
    • “The job market is holding firm, as businesses work hard to fill open positions,” says Mark Zandi, chief economist at Moody’s Analytics.
  • Barr To Testify On Mueller Report Before Senate Judiciary Committee: CBS
    • The Justice Department said Mueller sent a letter to Barr in late March to express frustrations with the public rollout of his report.
    • Democrats have accused Barr of trying to protect Mr. Trump by waiting weeks to release a redacted version of Mueller's report, and determining the president did not obstruct justice.

Notable Earnings and Guidance

  • Apple (AAPL) Q2 EPS $2.46 Beat $2.36 Estimate, Sales $58.015B Beat $57.44B Estimate

  • Advanced Micro Devices (AMD) Q1 Adj. EPS $0.06 Beat $0.05 Estimate, Sales $1.27B Beat $1.26B Estimate

  • Amgen (AMGN) Q1 Adj. EPS $3.56 Beat $3.48 Estimate, Sales $5.56B Beat $5.52B Estimate
  • CVS Health (CVS) Q1 Adj. EPS $1.62 Beat $1.5 Estimate, Sales $61.646B Beat $60.39B Estimate

  • Yum Brands (YUM) Q1 Adj. EPS $0.82 Beat $0.81 Estimate, Sales $1.254B Missed $1.26B Estimate, Same Store Sales Up 4%

Trading-Summit-Masthead-gif 

Upgrades 

  • Cowen & Co. upgraded Take-Two Interactive (TTWO) from Market Perform to Outperform
  • BMO Capital upgraded The Chefs' Warehouse (CHEF) from Market Perform to Outperform

Downgrades

  • DZ Bank downgraded Alphabet Inc (GOOGL) from Buy to Hold
  • Longbow Research downgraded McDonald's (MCD) from Buy to Neutral

Initiations

  • Tigress Financial initiated coverage on Lyft (LYFT) with a Buy rating

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Economic Figures

7:00 a.m. MBA Mortgage Refinance Index

7:00 a.m. MBA Mortgage Applications (WoW)

7:00 a.m. MBA Mortgage Market Index

7:00 a.m. MBA 30-Year Mortgage Rate

7:00 a.m. MBA Purchase Index (WoW)

8:15 a.m. ADP Nonfarm Employment Change

9:45 a.m. Markit Manufacturing PMI

10:00 a.m. ISM Manufacturing Prices

10:00 a.m. ISM Manufacturing Employment

10:00 a.m. ISM Manufacturing PMI

10:00 a.m. ISM Manufacturing New Orders

10:00 a.m. Construction Spending (MoM)

10:30 a.m. EIA Gasoline Production

10:30 a.m. EIA Heating Oil Stockpiles

10:30 a.m. EIA Gasoline Inventories

10:30 a.m. EIA Distillate Output

10:30 a.m. EIA Distillate Inventories

10:30 a.m. EIA Crude Oil Inventories

10:30 a.m. EIA Crude Oil Imports

10:30 a.m. EIA Cushing Inventories

2:00 p.m. Fed Interest Rate Decision

2:00 p.m. FOMC Statement

2:30 p.m. FOMC Press Conference

3:30 p.m. Total Vehicle Sales