The Market In 5 Minutes: UA, GM, P&G Earnings On The Street's Mind

Macro Focus

Futures for the Dow Jones Industrial Average climbed 33 points to 18,160.00, while the Standard & Poor’s 500 index futures gained 1.25 points to 2,145.50. Futures for the Nasdaq 100 index rose 5.75 points to 4,907.75.

Oil prices traded higher as Brent crude futures gained 0.29 percent to trade at $51.61 per barrel, while US WTI crude futures also rose 0.46 percent to trade at $50.75 a barrel.

Redbook Reports US Retail Sales During First Three Weeks of Oct. Down 0.1% MoM, Up 0.6% YoY

USA S&P/CaseShiller Home Price Index (YoY) for Aug 5.10%

• The Conference Board’s consumer confidence index for October will be released at 10:00 a.m. ET.
• The Richmond Fed manufacturing index for October is schedule for release at 10:00 a.m. ET.
• The Treasury is set to auction 4-week bills at 11:30 a.m. ET.
• The Treasury will also auction 2-year notes at 1:00 p.m. ET.
• Atlanta Federal Reserve Bank President Dennis Lockhart is set to speak in Atlanta at 1:20 p.m. ET.

BZ News Desk Focus

• General Motors GM Reports Q3 EPS $1.72 vs. Est. $1.45, Rev. $42.8B vs. Est. $39.29B
• 3M MMM Reports Q3 EPS $2.15 vs. Est. $2.14, Rev. $7.7B vs. Est. $7.71B
• Procter & Gamble PG Reports Q1 Adj. EPS $1.03 vs $0.98 Est., Sales $16.52B vs $16.5B Est.
• Under Armour UA Reports Q3 EPS $0.29 vs $0.25 Est., Sales $1.472B vs $1.45B Est.
• United Technologies UTX Reports Q3 Adj. EPS $1.76 vs $1.66 Est., Sales $14.4B vs $14.27B Est.
• Eli Lilly LLY Q3 EPS $0.88 vs $0.96 Est., Revenue $5.19B vs $5.28B Est.
• Merck MRK Q3 EPS $1.07 vs $0.99 Est., Revenue $10.54B vs $10.18B Est.
• Visa V Reports Q4 Adj. EPS $0.78 vs $0.73 Est., Sales $4.261B vs $4.23B Est.
• Sonic SONC Reports Q4 EPS $0.45 vs. $0.44 Est., Rev. $162.1M vs. $167M Est.

Sell-Side Themes

Several firms initiated coverage on Nutanix NTNX, with price targets ranging form $27 to $36.

Sell-Side's Most Noteworthy Calls

• JMP downgraded Araid Pharmaceuticals ARIA to Market Perform.
• RBC upgraded Chesapeake CHK to Sector Perform.
• Oppenheimer started Nike NKE at Perform.
• Chardan started Clovis CLVS at Sell.

Deal Talk

Schneider Electric SBGSY, noting recent speculation regarding possible takeover bid for Rockwell Automation ROK, categorically denied these rumours in a statement released on Monday. On Friday, unconfirmed takeover chatter surfaced indicating a possible $18 billion takeover of Rockwell by Schneider.

Netflix NFLX CEO Reed Hastings said he was in favor of AT&T's T planned $85.4 billion acquisition of Time Warner TWX, provided that his company continued to be treated fairly. Speaking at a technology conference hosted by the Wall Street Journal , Hastings said it was critical that Netflix's content be treated the same as Time Warner's once the deal takes effect. “If it’s open competition, we’d love that," he said.

In The News

Hundreds of thousands of consumers whose health insurance plans are being discontinued for 2017 will get some flexibility when signing up for a new plan during the Affordable Care Act’s open enrollment, a sign of continued turmoil. Premiums for silver plans to rise an average 25 percent.

Britons are more concerned with controlling immigration than maintaining access to the single market, according to a new survey, adding further evidence that Prime Minister Theresa May’s Brexit strategy is in line with the prevailing mood of the country.

Blogosphere

Why is corporate America's debt a major risk? See what others have to say.

Trending

UA SAEX CAT S GM PG MRK DPRX V JBLU LLY LMT DD WAT SONC

The 2016 #WorldSeries kicks off tonight, as the Chicago Cubs take on the Cleveland Indians. The last time either of these teams won the championship? 1948 (Cleveland) and 1908 (Chicago).

Guess This Chart

• This company reported Q3 earnings Tuesday morning, EPS from Continuing Operations $3.61 vs $2.42 year over year, and sales of $11.6B vs $11.45B Est.
• This stock is considered a "Trump stock."
• Sympathy plays include Boeing, Raytheon and Northrop Grumman.

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