PreMarket Gainers & Losers To Watch 

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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%

 

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

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

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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