Daily morning chai

The S&P 500 futures trade 61 points, or 1.8%, above fair value in a week in which the S&P 500 is already up 5.3%. No presidential winner has been projected yet, but the market remains in rebound rally mode on the prospects for a divided Congress. The FOMC will conclude its policy meeting today and will release its decision at 2:00 p.m. ET, although no change in rates is expected. Fed Chair Powell will host a press conference at 2:30 p.m. ET, and investors will listen for any commentary about fiscal and monetary support. On a related note, the Bank of England expanded its asset purchase program greater than expected. Prior to the Fed decision, investors will receive the weekly Initial Claims (Briefing.com consensus 735,000) and Continuing Claims report and the preliminary Q3 Productivity (Briefing.com consensus 4.0%) and Unit Labor Costs (Briefing.com consensus -9.6%) at 8:30 a.m. ET. Separately, shares of Qualcomm (QCOM 147.50, +18.53, +14.4%) are up 14% in pre-market action after the chipmaker exceeded quarterly expectations and issued upside fiscal Q1 guidance. General Motors (GM 37.75, +2.51, +7.2%) is up 7% after exceeding EPS estimates. Longer-dated Treasuries have edged higher following yesterday's rally, pushing yields even lower. The 2-yr yield is down one basis point to 0.14%, and the 10-yr yield is down two basis points to 0.75%. The U.S. Dollar Index is down 0.8% to 92.65 amid relative strength in the euro. WTI crude futures are down 0.8% to $38.82/bbl. In U.S. Corporate news: Qualcomm (QCOM 147.50, +18.53): +14.4% after beating top and bottom-line estimates and guiding fiscal Q1 EPS and revenue above consensus. General Motors (GM 37.75, +2.51): +7.2% after beating EPS estimates by a wide margin. Zoetis (ZTS 178.00, +3.65): +2.1% after beating top and bottom-line estimates and guiding FY20 EPS and revenue above consensus. Bristol-Myers Squibb (BMY 66.60, +1.17): +1.8% after beating top and bottom-line estimates, although the midpoint of its FY21 EPS guidance was slightly below consensus. Zynga (ZNGA 9.40, -0.47): -4.8% despite beating revenue estimates, guiding Q4 revenue above consensus, and guiding FY20 revenue above consensus. Reviewing overnight developments: Equity indices in the Asia-Pacific region ended Thursday on a firmly higher note. Japan's Nikkei: +1.7%, Hong Kong's Hang Seng: +3.3%, China's Shanghai Composite: +1.3%, India's Sensex: +1.8%, South Korea's Kospi: +2.4%, Australia's ASX All Ordinaries: +1.3%. In economic data: Japan's October Services PMI 47.7 (expected 46.9; last 46.9) South Korea's September Current Account surplus $10.21 bln (last surplus of $6.57 bln) Australia's September trade surplus AUD5.63 bln (last surplus AUD4.36 bln). Imports -6% m/m (last 2%) and exports 4% (last -4%) New Zealand's November ANZ Business Confidence -15.6 (last -15.7) Singapore's September Retail Sales -4.5% m/m (last 1.8%); -10.8% yr/yr (last -5.4%) In news: Chinese officials could reportedly implement an anti-dumping duty on Australian wine, serving as another reminder of a deteriorating trade relationship between the two countries. The Bank of Japan announced an increase in its purchases of JGBs with maturities between 1- and 5-yrs. Major European indices show solid gains while the U.K.'s FTSE (+0.2%) lags. STOXX Europe 600: +0.8%, Germany's DAX: +1.4%, U.K.'s FTSE 100: +0.2%, France's CAC 40: +0.9%, Italy's FTSE MIB: +1.6%, Spain's IBEX 35: +1.6%. In economic data: Eurozone's September Retail Sales -2.0% m/m (expected -1.0%; last 4.2%); 2.2% yr/yr (expected 2.8%; last 4.4%) Germany's September Factory Orders 0.5% m/m (expected 2.0%; last 4.9%) U.K.'s October Construction PMI 53.1 (expected 55.0; last 56.8) France's Q4 Industrial Investments 4.0% qtr/qtr (last -11.0%) Spain's October Consumer Confidence 48.5 (last 49.5) Swiss Q4 SECO Consumer Climate -30 (last -30) In news: The European Commission now expects a 7.8% contraction in the eurozone's economy in 2020, followed by 4.2% growth in 2021. The Bank of England voted 9-0 to keep its bank rate at 0.10% while the asset purchase program was increased to GBP895 bln from GBP745 bln. Greece will impose a three-week lockdown from Saturday. U.S equity futures: S&P 500 Futures +51 @ 3413 DJIA Futures +129 @ 27505 Nasdaq Futures +374 @ 11642 Overseas: Europe: DAX +0.6%, FTSE +0.7%, CAC +0.9% Asia: Nikkei +1.7%, Hang Seng +3.3%, Shanghai +1.3% Commodities: Crude Oil +1.07 @ 38.73 Nat Gas -0.043 @ 3.016 Gold -1.30 @ 1909.10 Silver -0.162 @ 24.172 Copper -0.0077 @ 3.0848 U.S. Summary: Earnings/Guidance (Full Earnings Calendar): AAON (AAON) beats by $0.07, beats on revs ACADIA Pharmaceuticals (ACAD) misses by $0.16, beats on revs; remains on-track with supplemental NDA for the treatment of dementia-related psychosis Albemarle (ALB) beats by $0.33, beats on revs; guides FY20 EPS above consensus, revs above consensus Alibaba (BABA) beats by RMB 4.22, reports revs in-line Allstate (ALL) beats by $1.18, misses on revs ANSYS (ANSS) beats by $0.10, reports revs in-line; guides Q4 EPS in-line, revs above consensus Arconic (ARNC) misses by $0.09, beats on revs; guides FY20 revs below consensus AstraZeneca (AZN) misses by $0.05, misses on revs; reaffirms outlook AXA Equitable (EQH) beats by $0.06, total assets under management up 6% Axonics Modulation (AXNX) beats by $0.28, beats on revs Bristol-Myers (BMY) beats by $0.14, beats on revs; guides FY20 EPS in-line, revs midpoint slightly below consensus; reaffirms FY21 EPS in-line Canada Goose (GOOS) beats by $0.11, beats on revs Cardinal Health (CAH) beats by $0.37, beats on revs; raises FY21 EPS above consensus Change Healthcare (CHNG) beats by $0.07, beats on revs CIGNA (CI) beats by $0.18, beats on revs; guides FY20 EPS in-line, revs above consensus Cimarex (XEC) beats by $0.26, beats on revs Compass Minerals (CMP) reports Q3 results, misses on revs Costco (COST) reports October total comps +14.4% (+16.5% excluding gas/FX) vs prior month's +15.5% (+16.9% excluding gas/FX) CSG Systems (CSGS) misses by $0.01, reports revs in-line; guides Q4 EPS below consensus, revs in-line Discovery (DISCA) beats by $0.13, beats on revs Dominion Energy (D) beats by $0.09, misses on revs; guides Q4 EPS in-line; reaffirms FY20 EPS guidance Dun & Bradstreet (DNB) beats by $0.02, reports revs in-line; reaffirms FY20 EPS guidance, revs guidance e.l.f. Beauty (ELF) beats by $0.03, beats on revs; guides FY21 EPS above consensus, revs above consensus EVO Payments (EVOP) beats by $0.01, reports revs in-line Energy Transfer (ET) reports Q3 (Sep) results, misses on revs Expedia Group (EXPE) beats by $0.57, beats on revs Extra Space Storage (EXR) beats by $0.06, beats on revs Fidelity National (FNF) beats by $0.25, beats on revs Frontdoor (FTDR) reports EPS in-line, beats on revs; guides Q4 revs in-line General Motors (GM) beats by $1.40, reports revs in-line GoDaddy (GDDY) misses by $0.69, beats on revs; guides Q4 revs above consensus Green Dot (GDOT) beats by $0.14, beats on revs; raises FY20 EPS above consensus Hanesbrands (HBI) beats by $0.03, beats on revs; guides Q4 EPS below consensus, revs below consensus Hologic (HOLX) beats by $0.88, beats on revs; guides Q1 EPS above consensus, revs above consensus Host Hotels (HST) beats by $0.12, misses on revs Huntington Ingalls (HII) beats by $1.31, beats on revs Hyatt Hotels (H) misses by $0.17 Incyte (INCY) misses by $0.53, reports revs in-line, provides clinical update Installed Building Products (IBP) beats by $0.03, misses on revs Insulet (PODD) beats by $0.10, beats on revs; guides Q4 revs in-line Jack Henry (JKHY) reports Q1 (Sep) results, beats on revs; guides FY21 EPS above consensus JFrog (FROG) beats by $0.05, beats on revs; guides Q4 EPS in-line, revs above consensus; guides FY20 EPS above consensus, revs above consensus Kimco Realty (KIM) reports Q3 (Sep) results, beats on revs Laureate Education (LAUR) reports Q3 (Sep) results, misses on revs Lending Club (LC) beats by $0.31, beats on revs LendingTree (TREE) misses by $0.13, beats on revs; guides Q4 revs in-line although mid-point below consensus LHC Group (LHCG) beats by $0.29, beats on revs; guides Q4 EPS below consensus, revs in-line Lincoln National (LNC) beats by $0.11, beats on revs Lumen Technologies (LUMN) beats by $0.10, reports revs in-line Marathon Oil (MRO) reports EPS in-line, misses on revs Marriot Vacations (VAC) misses by $0.14, beats on revs Match Group (MTCH) misses by $0.07, beats on revs MDU Resources (MDU) beats by $0.13, reports revs in-line; guides FY20 EPS above consensus MercadoLibre (MELI) beats by $0.07, beats on revs MetLife (MET) beats by $0.15, beats on revs MGIC Investment (MTG) beats by $0.08, reports revs in-line Middleby (MIDD) beats by $0.31, beats on revs New York Times (NYT) beats by $0.10, beats on revs, sees total Q4 subscription revenue growth of ~14% Nu Skin (NUS) beats by $0.12, reports revs in-line; guides Q4 EPS above consensus, revs above consensus Office Depot (ODP) beats by $0.71, beats on revs; resumes share repurchase program OraSure (OSUR) beats by $0.07, beats on revs; guides Q4 revs mostly above consensus OUTFRONT Media (OUT) beats by $0.04, misses on revs Papa John's (PZZA) reports EPS in-line, beats on revs; share repurchase program up to $75 mln Parker-Hannifin (PH) beats by $0.80, beats on revs; guides FY21 EPS above consensus Paycom Software (PAYC) beats by $0.14, beats on revs; guides Q4 revs in-line Perrigo (PRGO) beats by $0.07, misses on revs; reaffirms FY20 EPS guidance, revs guidance Ping Identity (PING) beats by $0.09, beats on revs; guides Q4 revs in-line Pioneer Natural Resources (PXD) misses by $0.08, beats on revs Playa Hotels & Resorts (PLYA) misses by $0.11, beats on revs PRA Health Sciences (PRAH) beats by $0.16, beats on revs; guides Q4 EPS in-line, revs in-line Primerica (PRI) beats by $0.43, beats on revs Public Storage (PSA) beats by $0.03, reports revs in-line Qorvo (QRVO) beats by $0.81, beats on revs; guides Q3 EPS above consensus, revs above consensus Qualcomm (QCOM) beats by $0.27, beats on revs; guides Q1 EPS above consensus, revs above consensus Qualys (QLYS) beats by $0.17, beats on revs; guides FY20 EPS, revs above consensus Rapid7 (RPD) beats by $0.04, beats on revs; guides Q4 EPS below consensus, revs above consensus Repligen (RGEN) beats by $0.12, beats on revs; raises FY20 EPS above consensus, revs above consensus Royal Gold (RGLD) reports EPS in-line, revs in-line Sangamo Therapeutics (SGMO) beats by $0.24, beats on revs Sapiens Int'l (SPNS) beats by $0.04, beats on revs; guides FY20 revs above consensus Scientific Games (SGMS) misses by $0.43, beats on revs Scorpio Tankers (STNG) beats by $0.04, misses on revs SeaWorld Entertainment (SEAS) misses by $0.18, beats on revs Sempra Energy (SRE) misses by $0.21, reports revs in-line; reaffirms FY20 EPS guidance; reaffirms FY21 EPS guidance South Jersey Industries (SJI) beats by $0.17, reports revs in-line; guides FY20 EPS above consensus STAAR Surgical (STAA) beats by $0.05, beats on revs Starwood Property Trust (STWD) beats by $0.03, reports revs in-line Stericycle (SRCL) beats by $0.11, reports revs slightly below consensus SurveyMonkey (SVMK) reports EPS in-line, revs in-line; guides Q4 revs in-line Sykes Enterprises (SYKE) beats by $0.16, beats on revs; guides Q4 EPS above consensus, revs above consensus TechTarget (TTGT) beats by $0.04, beats on revs; guides Q4 revs above consensus Terminix (TMX) beats by $0.04, beats on revs; guides Q4 revs in-line Teva Pharma (TEVA) reports EPS in-line, misses on revs; guides FY20 EPS in-line, revs in-line The Shyft Group (SHYF) beats by $0.23, beats on revs; guides FY20 EPS above consensus, revs below consensus TreeHouse Foods (THS) beats by $0.10, misses on revs; guides FY20 EPS in-line, revs in-line, announces accretive acquisition of Ebro Trimble (TRMB) beats by $0.18, beats on revs Tyler Tech (TYL) beats by $0.17, reports revs in-line; guides FY20 EPS above consensus, revs below consensus Upwork (UPWK) beats by $0.07, beats on revs; guides Q4 revs above consensus Vapotherm (VAPO) beats by $0.05, beats on revs; guides Q4 revs in-line with consensus Verisk Analytics (VRSK) beats by $0.12, beats on revs Vista Outdoor (VSTO) beats by $0.46, beats on revs; guides DecQ EPS above consensus, revs above consensus Vonage (VG) beats by $0.04, beats on revs; guides Q4 revs above consensus Voya Financial (VOYA) misses by $0.19 Vulcan Materials (VMC) misses by $0.05, misses on revs Workiva (WK) beats by $0.16, beats on revs; guides Q4 EPS above consensus, revs above consensus YETI Holdings (YETI) beats by $0.24, beats on revs; guides Q4 EPS above consensus, revs above consensus Zoetis (ZTS) beats by $0.19, beats on revs; guides FY20 EPS above consensus, revs above consensus Zynga (ZNGA) reports Q3 (Sep) results, beats on revs; guides Q4 revs above consensus; guides FY20 revs above consensus General News: Election 2020 Update: Joe Biden leads 253-214 in the electoral college; several states still counting ballots President Trump's campaign is seeking legal challenges in Pennsylvania, Michigan, and Wisconsin, according to the Wall Street Journal House Speaker Nancy Pelosi (D-CA) could face tougher math within her party to get another term as speaker, according to Politico US COVID-19 cases cross 100,000 for the first time as other data moves in an unfavorable direction week/week Italy will lockdown six regions amid spread of coronavirus, according to the New York Times Acceleron Pharma (XLRN) announces REBLOYZL presentations for the ASH Annual Meeting & Exposition Apple (AAPL) facing shortage of power chips for iPhone 12, according to Bloomberg Aptevo Therapeutics (APVO) provided an update on preliminary data in its ongoing APVO436 Phase 1 clinical trial AstraZeneca (AZN) receives EU approval for Lynparza for BRCA- mutated metastatic castration-resistant prostate cancer AZZ (AZZ) appoints Philip A. Schlom as CFO, effective immediately Endo Intl (ENDP) announces strategic actions to optimize operations Invesco (IVZ) expands board to include Nelson Peltz and Ed Garden of Trian Fund Management Johnson & Johnson's (JNJ) Janssen seeks expanded use of DARZALEX (daratumumab) subcutaneous formulation for the treatment of patients with light chain amyloidosis LMP Automotive (LMPX) announces exclusive new vehicle lease/subscription agreement with LTO Holdings Madrigal Pharmaceuticals (MDGL) announces completion of enrollment in Phase 3 MAESTRO NAFLD-1 trial and reports Q3 Q2 Holdings (QTWO) appoints David Mehok as CFO, effective November 9 Terminix (TMX) announces settlement with Alabama Attorney General for Mobile Bay Formosan termite business practices Vertex Pharma (VRTX) receives EC approval for KALYDECO; Approval provides opportunity to treat the underlying cause of cystic fibrosis earlier than ever before in Europe M&A: Aphria (APHA) agrees to acquire SweetWater Brewing company for approx. $300 mln CSW Industrials (CSWI) agrees to acquire TRUaire for $360 mln Kimball (KBAL) agrees to acquire Poppin for initial cash consideration of approx. $110 mln Qorvo (QRVO) acquires 7Hugs Labs S.A.S.; terms not disclosed Syndicate: Avantor (AVTR) commences secondary offering 71,339,001 shares of common stock IntercontinentalExchange (ICE) announces secondary offering of 9,180,569 common shares by selling stockholder in connection with Ellie Mae acquisition IPOs: Expected to Price: No IPOs expected. Gapping Up/Down Gapping up: UPWK +27.7%, APHA +15.1%, QCOM +14.2%, MGNX +10.5%, CPRI +10.4%, MTW +8.2%, JCS +8%, WK +8%, QLYS +7.7%, PRGO +7.5%, LUMN +7.2%, ET +6.8%, CCRN +6.5%, MELI +6.4%, COMM +6.2%, CRY +5.5%, GMAB +5.3%, CXW +5.3%, YETI +5%, CHNG +4.9%, EXPE +4.9%, DCP +4.8%, PZZA +4.4%, FOE +4.3%, LBTYA +4.1%, IRM +4.1%, BDSI +4%, KGC +3.9%, AWK +3.6%, PDCE +3.4%, MTCH +3.3%, MT +3%, PLUS +2.9%, GDDY +2.8%, SJI +2.8%, SUN +2.7%, GOLD +2.5%, PSTG +2.4%, HOLX +2.4%, RPD +2.4%, MDP +2.4%, QRVO +2.3%, TSLX +2.3%, JKHY +2.3%, VRTX +2.2%, LNC +2.2%, SFT +2.1%, GILD +2.1%, UHAL +2%, TWO +2%, LHCG +1.9%, HTHT +1.9%, APA +1.8%, ALL +1.8%, SAGE +1.8%, FOUR +1.8%, REGN +1.7%, LMPX +1.4%, AZN +1.4%, CI +1.4%, LSPD +1.4%, TTGT +1.3%, WRK +1.3%, ORCC +1.2%, MRK +1%, SATS +1%, LAMR +0.9%, KL +0.9%, SEAS +0.9% Gapping down: LCI -13.8%, BLUE -13.2%, PING -12.7%, FTDR -10.1%, INGN -8.1%, ELF -7.5%, TISI -5.1%, AVTR -4.6%, CMP -4.1%, SGMS -3.9%, ING -3.9%, ZNGA -3.7%, CF -2.7%, CTVA -2%, PXD -2%, TRMB -1.8%, STAA -1.6%, OLN -1.6%, HBI -1.5%, FNV -1.4%, BRX -1.3%, PSA -1.3%, HFC -1.3%, OSUR -1.2%, CNK -1.2%, NEWT -1.1%, GDOT -1%, PODD -1%, KRTX -1% Analyst Research (see Upgrades/Downgrades calendarfor full list): Upgrades: Clean Harbors (CLH) upgraded to Buy from Neutral at UBS; tgt raised to $80 Credit Suisse (CS) upgraded to Buy from Hold at Kepler Cross Country (CCRN) upgraded to Buy from Hold at The Benchmark Company; tgt $11 Logitech Int'l SA (LOGI) upgraded to Buy from Hold at Kepler Microsoft (MSFT) upgraded to Outperform from Perform at Oppenheimer; tgt $260 PayPal (PYPL) upgraded to Buy from Hold at DZ Bank; tgt $210 Upwork (UPWK) upgraded to Buy from Hold at Stifel; tgt raised to $31 Verizon (VZ) upgraded to Overweight from Neutral at JP Morgan; tgt raised to $65 Wendy's (WEN) upgraded to Buy from Neutral at BofA Securities; tgt $26 Western Union (WU) upgraded to Neutral from Sell at Citigroup; tgt raised to $22 ZoomInfo (ZI) upgraded to Outperform from Sector Perform at RBC Capital Mkts; tgt $50 Downgrades: Bluebirdbio (BLUE) downgraded to Market Perform from Outperform at BMO Capital Markets; tgt lowered to $56 CorEnergy Infrastructure Trust (CORR) downgraded to Sell from Hold at Stifel; tgt $1 Five Below (FIVE) downgraded to Hold from Buy at Loop Capital; tgt $140 Ping Identity (PING) downgraded to Neutral from Overweight at Piper Sandler; tgt $25 Vulcan Materials (VMC) downgraded to Sector Perform from Outperform at RBC Capital Mkts; tgt $42 Others: Capital Southwest Corp. (CSWC) resumed with a Mkt Outperform at JMP Securities; tgt $17 GreenSky (GSKY) initiated with a Sell at Citigroup; tgt $4 OneConnect Financial (OCFT) initiated with a Buy at Citigroup; tgt $28 PAVmed (PAVM) initiated with a Buy at Ascendiant Capital Markets; tgt $5 Upcoming Events: Econ Data: 08:30 ET: Initial Claims for October 31 (Briefing.com Consensus 735K; Prior 751K) 08:30 ET: Continuing Claims for October 24 (Briefing.com Consensus NA; Prior 7.756M) 08:30 ET: Productivity-Prelim for Q3 (Briefing.com Consensus 4.0%; Prior 10.1%) 08:30 ET: Unit Labor Costs - Prelim for Q3 (Briefing.com Consensus -9.6%; Prior 9.0%) 10:30 ET: EIA Natural Gas Inventories for October 31 (Briefing.com Consensus NA; Prior +29 bcf) 14:00 ET: FOMC Rate Decision (Briefing.com Consensus 0.125%; Prior 0.125%) Earnings: Monday (Nov 2) Morning: AMCX BCC BWXT CWH CDW CLX CNA DEA EL FE HLIO HSIC HZNP IAA INGR NSP XENT ITRI JLL LCII LDOS LL LITE MPC MGP MPLX MSGN NNN NI ON TEN USFD WM WING WM WING Afternoon: ADTN LNT AMC AWR ANET AIZ BKH BRKR CDLX CDK CRUS CNO FANG DEI ECPG ESPR EVER FN FMC FBM FRPT G HALO PEAK HURN ICHR IR INSP JCOM JAZZ KMPR KMT KFRC LEG DOOR MATX MED MIME MDLZ MOS NCMI NPTN NTR OGS OSPN ONTO OTTR OMI PYPL PAA PINC PUMP RMBS O SBAC SIMO SWKS SEDG SRC STE TREX VNOM VNO WMB WPX Tuesday (Nov 3) Morning: AGCO ATH AVNS AVNT BHC BMCH CTLT ETN EMR ETRN EXC EXPD RACE FOXA FI IT GTES EAF GWPH HSC HUM NSIT JELD JCI LGIH LPX MCK OPCH RCM RHP SPR SYY TRI BLD VSH W WEC WBT WLK ZBRA Afternoon: Y BTG CC CORT WTRG ES FATE HTA HBM IOSP JBGS KAR MRCY MCY MYGN NEX ORA PRU SUPN TRHC TX Wednesday (Nov 4) Morning: ASTE AVA CCJ FUN CLH COTY ENBL HAE HLNE HLT HEP IONS LANC MDGL OSB DNOW PSN PFGC PRGO RDWR SMG SBGI WEN Afternoon: ACAD AIMT ALB ALL UHAL AEE AWK ANSS APA AZPN EQH AXNX BLUE BRX WHD CF CHNG XEC CMP CXW CTVA CCRN CRY CSGS DAR DCP DK ELF ET PLUS EPR EXPE EXR FOE FNF FNV FTDR GNW GDDY GDOT HR HOLX HST H IAG INGN PODD JKHY KAMN KGC KRO LCI LC LHCG LNC LUMN CLI MTW MRO VAC MTCH MDU MELI MET MTG MRTX NUS OLN OSUR OUT ORCC PAAS PAYC PDCE PING PXD PLYA PRAH PRI PSA QTWO QGEN QRVO QCOM QLYS RDN RPD RGNX RLJ RGLD SGMO SGMS TSLX SJI STAA SLF SUN SYKE TTGT TRMB TWO TYL UNVR UPWK VAPO VRSK VOYA WTS WK WYNN ZNGA Thursday (Nov 5) Morning: AAON ACIW WMS AEIS AGIO BABA ALNY AMRN ABC AZN AAWW AZUL BLL GOLD BCE BDX TECH BMY GOOS CNQ CPRI CAH CNP CEVA ECOM CHH CI CNK CWEN CCOI COMM CGEN CORE CRON XRAY DISCA DISH D DUK DNB SATS EPAM EVRG EVOP FOCS GM GEL GTN HBI HFC HII IIVI INCY IBP NTLA ICPT IDCC IRM KELYA KIM KL LAMR LNTH LAUR TREE LXP MAC MLCO MDP MIDD MUR MYL EYE NYT NXST NLSN NOMD NWN NRG NS ODP OGE PZZA PH PGTI PLUG PPL PBH REGN RGEN REZI SAGE SPNS STNG SEAS SRE SERV FOUR STWD SRCL STOR STRA SVMK TEVA SHYF THS TGI USPH VGR VER VCEL VSTO VG VMC WNC WCC WRK WWW YETI ZNTL ZTS Afternoon: DDD XLRN ADT ATGE ALRM ALTR AYX AMCR AMH AIG COLD AMN ANGI AINV APPN ARNA AGO ATRC AVLR ACLS AAXN BGS BIDU BLDP BNFT BIGC BILL BMRN BKNG EPAY BFAM BHF CABO CZR CARG CDAY CHUY NET COLL ED CNDT CLR CSOD CYRX CUBE CWK DLPH DLX DRH DGII DBX DXC EDIT EA EBS ENDP ENV EOG EVBG EXEL FRT FGEN FLT FLO FLS GKOS GBT GLUU GPRO LOPE GRPN GH HLF TWNK HUBS ICFI ICUI IGMS INFN INSG IAC NVTA IQ IRTC IRWD JJSF LSI LGF.A LYV LTHM LMNX MTSI MAIN MANT MMI MXL MTD MCHP MITK MNST NTRA NFG NSA NKTR NNI NVRO NEWR NWSA LASR NMIH NLOK NVAX OTEX OEC PK PCTY PTON PBA PFSI PRDO PETQ PLNT PS PRAA PRA PGNY PBYI PRPL KWR RMAX RP RRGB RDFN REG RGA RSG RBA ROKU SAIL SRPT SWX SQ STAG STMP RUN SHO SWCH SYNA TMUS TTWO TNDM TDS TDC TTD TPIC TSE TRIP TRUE UBER UPLD USM ECOL VSAT VIAV SPCE VRTU WSC XPO YELP ZG ZIOP Friday (Nov 6) Morning: GOLF AES AMRX CWT LNG CQP CVS UFS ELAN ENB ESNT GCP HSY HRC HMSY TILE MGA MBUU MAR MD MOG.A DOC PRIM SABR SSP TU UI VTR VIAC VIRT ZBH SWCH TMUS TNDM TDC TPIC TRIP UBER USM VSAT SPCE WSC YELP ZIOP Asia & Europe detail: Asia: Nikkei +1.7%, Hang Seng +3.3%, Shanghai +1.3% Equity indices in the Asia-Pacific region ended Thursday on a firmly higher note. Chinese officials could reportedly implement an anti-dumping duty on Australian wine, serving as another reminder of a deteriorating trade relationship between the two countries. The Bank of Japan announced an increase in its purchases of JGBs with maturities between 1- and 5-yrs. In economic data: Japan's October Services PMI 47.7 (expected 46.9; last 46.9) South Korea's September Current Account surplus $10.21 bln (last surplus of $6.57 bln) Australia's September trade surplus AUD5.63 bln (last surplus AUD4.36 bln). Imports -6% m/m (last 2%) and exports 4% (last -4%) New Zealand's November ANZ Business Confidence -15.6 (last -15.7) Singapore's September Retail Sales -4.5% m/m (last 1.8%); -10.8% yr/yr (last -5.4%) ---Equity Markets--- Japan's Nikkei: +1.7% Hong Kong's Hang Seng: +3.3% China's Shanghai Composite: +1.3% India's Sensex: +1.8% South Korea's Kospi: +2.4% Australia's ASX All Ordinaries: +1.3% ---FX--- USD/JPY: -0.4% to 104.12 USD/CNH: -0.1% to 6.6113 USD/INR: -0.2% to 74.08 Europe: DAX +1.4%, FTSE +0.2%, CAC +0.9% Major European indices show solid gains while the U.K.'s FTSE (+0.2%) lags. The European Commission now expects a 7.8% contraction in the eurozone's economy in 2020, followed by 4.2% growth in 2021. The Bank of England voted 9-0 to keep its bank rate at 0.10% while the asset purchase program was increased to GBP895 bln from GBP745 bln. Greece will impose a three-week lockdown from Saturday. In economic data: Eurozone's September Retail Sales -2.0% m/m (expected -1.0%; last 4.2%); 2.2% yr/yr (expected 2.8%; last 4.4%) Germany's September Factory Orders 0.5% m/m (expected 2.0%; last 4.9%) U.K.'s October Construction PMI 53.1 (expected 55.0; last 56.8) France's Q4 Industrial Investments 4.0% qtr/qtr (last -11.0%) Spain's October Consumer Confidence 48.5 (last 49.5) Swiss Q4 SECO Consumer Climate -30 (last -30) ---Equity Markets--- STOXX Europe 600: +0.8% Germany's DAX: +1.4% U.K.'s FTSE 100: +0.2% France's CAC 40: +0.9% Italy's FTSE MIB: +1.6% Spain's IBEX 35: +1.6% ---FX--- EUR/USD: +0.9% to 1.1827 GBP/USD: +0.7% to 1.3077 USD/CHF: -0.5% to 0.9065