After Hours Report

The stock market's opening gains pushed the S&P 500 (-0.4%) and Nasdaq Composite (-0.7%) to fresh record highs before a late morning slip in mega-cap and tech names triggered a broad-based retreat, leaving the major averages devoid of any record closes today. 

The DJIA (-0.2%) also closed lower, while the small-cap Russell 2000 (-1.1%) and S&P Mid Cap 400 (-1.1%) underperformed, highlighting the market's risk-off disposition today. 

Only the defensive consumer staples (+0.9) and utilities (+0.4%) sectors created any sort of positive distance from their flat lines. Some late afternoon buying activity saw the financials, energy, and health care sectors all close with 0.1% gains. 

Meanwhile, the consumer discretionary sector (-1.4%) finished with the widest loss, as Tesla's (TSLA 433.09, -20.16, -4.45%) release of a more affordable, rear-wheel-drive Model Y failed to live up to the hype that its teased announcement generated yesterday. 

Ford Motor (F 11.92, -0.77, -6.07%) added to the auto woes today, sliding after The Wall Street Journal reported that a fire at an aluminum supplier plant could disrupt the business for months.

The sector also faced pressure in its homebuilder names, sending the iShares U.S. Home Construction ETF 3.1% lower. 

Mega-cap weakness contributed to losses in the communication services (-0.7%) and information technology (-0.5%) sectors, with the Vanguard Mega Cap Growth ETF closing with a 0.6% loss. 

While the technology sector did not close with the widest loss today, its reversal from an earlier gain prompted the major averages to retreat beneath their flat lines. 

The sector got off to a hot start after IBM (IBM 293.89, +4.47, +1.54%) announced a partnership with Anthropic, Dell (DELL 150.85, +5.09, +3.49%) increased its long-term annual revenue growth expectations, and Advanced Micro Devices (AMD 211.51, +7.80, +3.83%) continued to build on yesterday's momentum after announcing a partnership with OpenAI. 

Just before midday, the sector slipped into negative territory following a report from The Information that suggested Oracle (ORCL 284.57, -7.02, -2.41%) will face financial challenges renting out NVIDIA (NVDA 185.04, -0.50, -0.27%) chips.

The PHLX Semiconductor Index would go on to finish with a 2.1% loss after an early gain.

Though today's retreat was broad-based, it was also modest. The S&P 500 and Nasdaq Composite both sit on their flatlines for the week, while the DJIA holds a modest 0.3% week-to-date loss. The lingering lack of macro developments combined with a few negative corporate headlines kept the major averages range-bound for the majority of the session. While a buy-the-dip move did not transpire today, the major averages remain within striking distance of their fresh record highs.

U.S. Treasuries overcame some opening weakness on Tuesday, recording their first higher finish since Thursday. The 2-year note yield settled down three basis points to 3.57%, and the 10-year note yield settled down four basis points to 4.13%. 

• Nasdaq Composite: +18.0% YTD
• S&P 500: +14.2% YTD
• Russell 2000: +10.2% YTD
• DJIA: +9.5% YTD
• S&P Mid Cap 400: +4.3% YTD

Reviewing today's economic data: 

• Consumer credit increased by $0.4 billion in August (Briefing.com consensus: $13.1 billion) following an upwardly revised $18.0 billion increase (from $16.0 billion) in July.
  • The key takeaway from the report is that the expansion in consumer credit was miniscule in August due to a decrease in revolving credit, which saw its biggest decrease since March.

Overseas:

• Europe: DAX +0.0%, FTSE +0.1%, CAC +0.0%
• Asia: Nikkei +0.0%, Hang Seng market closed, Shanghai market closed

Commodities:

• Crude Oil +0.03 @ 61.72
• Nat Gas +0.14 @ 3.50
• Gold +28.10 @ 4004.00
• Silver -0.90 @ 47.53
• Copper +0.06 @ 5.10

After-Hours Spotlight:

• Campbell Soup (CPB) appoints Todd Cunfer as CFO, effective Oct 20... CPB +0.7%
• Dayforce (DAY) expands its collaboration with Microsoft (MSFT) to bring Dayforce AI Agents into everyday workflows... DAY +0.1%
• Freshpet (FRPT) CFO to step down, reaffirms FY25 outlook...FRPT +0.0%
• Penguin Solutions (PENG) beats by $0.06, misses on revs; guides FY26 EPS in-line, revs in-line; authorizes $75 mln share repurchase program... PENG-11.7%
• Equifax (EFX) announces 50% reduction from FICO's 2026 prices for its VantageScore 4.0 mortgage credit scores...EFX +1.5%

Fair Value for Wednesday, October 8:

• S&P 500: 6,762
• Nasdaq 100: 25,044
• DJIA: 46,863

For a full rundown of today's market and after hours developments, see Live In Play

• Earnings/Guidance (Full Earnings Calendar):
  • Aehr Test Systems (AEHR) beats by $0.01, beats on revs; not yet ready to reinstate formal guidance
  • Air Lease (AL) releases activity update for the third quarter of 2025
  • Constellation Brands (STZ) beats by $0.25, beats on revs; reaffirms FY26 EPS guidance
  • Exxon Mobil (XOM) provides Q3 summary of items management believes will impact Q3 results; changes in gas prices to impact Q3 upstream results by $(0.2)-0.2 bln vs Q2
  • Imperial Brands (IMBBY) confirms FY25 guidance, announces £1.45 billion FY26 share buyback
  • James Hardie (JHX) sees Q2 EPS and revs above expectations
  • Lucid Group (LCID) reports Q3 deliveries of 4,078 vehicles and production of 3,891 vehicles, with more than 1,000 additional vehicles built for Saudi Arabia for final assembly
  • McCormick (MKC) beats by $0.03, reports revs in-line; guides FY25 EPS in-line, reaffirms FY25 revs guidance
  • Mesoblast (MESO) reports Q2 Ryoncil revs increased 66% post launch
  • Niagen Bioscience (NAGE) increases full year 2025 net sales outlook to 25% to 30% year-over-year growth
  • OR Royalties (OR) reports preliminary Q3 results; sees revenue from royalties and streams of $71.6 mln, a quarterly record
  • Profound Medical (PROF) sees Q3 (Sep) revs of $5.2-5.3 mln vs. $4.74 mln FactSet Consensus, gross margin about 72%
  • SANUWAVE Health (SNWV) lowers Q3 and FY25 revenue guidance; Q3 was more challenging than expected
  • Shell plc (SHEL) expects stronger Q3 trading, higher refining margins, and stable production across divisions
  • United Micro (UMC) reports September sales increased 5.2% yr/yr to ~$NT19.93 bln
• General News
  • President Trump signals openness to a healthcare deal with Democrats amid the ongoing government shutdown. Democrats say they are also willing to have talks, according to WSJ
  • IEA says global renewable capacity is set to grow strongly, driven by solar PV
  • The Trump Administration is considering selling a portion of the $1.6 bln student loan portfolio to the private market, according to Politico
  • Air travel is experiencing delays amid staffing shortages from the government shutdown, according to NY Times
  • House Select Committee investigation "reveals American and allied companies boosted the CCP's semiconductor industry, fueled the PRC's military ambitions and human rights abuses"
  • Airbus (EADSY) A320 family of jets is now the most delivered aircraft in history, according to Reuters
  • Allison Transmission (ALSN) announces its 4500 Rugged Duty Series fully automatic transmission has been successfully integrated with the Cummins X15N natural gas engine in Kenworth T880 tractors
  • Alphabet's (GOOG) Google AI Plus is coming to 36 more countries
  • Alphabet (GOOG): The Supreme Court allows an order forcing application store changes at Google, according to Reuters
  • Ameresco (AMRC) secures $197 mln energy infrastructure project With U.S. Naval research laboratory
  • Amkor (AMKR) breaks ground on new semiconductor advanced packaging and test campus in Arizona; expands investment to $7 billion
  • Anfield Energy (AEC) has received the required approval from the Utah Department of Oil, Gas and Mining for Anfield to commence the advancement of the Company’s Velvet-Wood uranium project in Utah to construction
  • Applied DNA Sciences (BNBX) detailed restructuring plan
  • Arrowhead (ARWR) files request for regulatory clearance to initiate a Phase 1/2a clinical trial of ARO-DIMER-PA, the first dual functional RNAi therapeutic for the treatment of mixed hyperlipidemia
  • AstraZeneca (AZN) reports Baxdrostat met primary endpoint in Bax24 Ph3 trial
  • BHP (BHP) believes mining deals are more complicated because of politicalization, according to FT
  • Biogen (BIIB) and Eisai (ESALF) announce U.S. Availability of LEQEMBI IQLIK (lecanemab-irmb) subcutaneous injection maintenance dose for treatment of early alzheimer's disease
  • Biomea Fusion (BMEA) announces positive 52-Week Results from Phase II COVALENT-111 study in Type 2 Diabetes demonstrating non-chronic treatment with icovamenib benefits two distinct patient populations
  • BK Technologies (BKTI) detected potentially suspicious activity involving its information technology systems on or about September 20
  • Boeing (BA): Pilots want India to ground Boeing 787 amid concerns over emergency system, according to NY Times
  • Brookfield Asset Mgmt (BAM) raises $20 billion for record transition fund
  • Century Aluminum (CENX) signs power agreement extension with Santee Cooper through 2031
  • Chart Industries (GTLS) selected to supply air-cooled heat exchangers and cold boxes for Sempra Infrastructure’s (SRE) Port Arthur LNG Phase 2 Project
  • Cipher Mining (CIFR) announces that Greg Mumford has been appointed incoming CFO, while Ed Farrell will become a Senior Advisor to the company
  • DraftKings (DKNG) notified customers of account breaches, according to Bleeping Computer
  • Dyne Therapeutics (DYN) announces additional one-year clinical data demonstrating functional improvement from Phase 1/2 ACHIEVE Trial of Zeleciment Basivarsen (DYNE-101) for Myotonic Dystrophy Type 1
  • Eli Lilly's (LLY) Omvoh (mirikizumab-mrkz) is the first and only IL-23p19 antagonist to show four years of sustained, corticosteroid-free comprehensive patient outcomes in ulcerative colitis
  • Exact Sciences (EXAS): New Study in Journal of the National Cancer Institute finds Cologuard Plus provides the most life-years gained with the fewest colonoscopies
  • Fermi America (FRMI) announces that Mr. Neugebauer will serve as the Company’s Chief Executive Officer for a three-year term with automatic successive one-year renewals, unless earlier terminated in accordance with the terms of the Neugebauer Employment Agreement
  • Ford Motor (F): A fire at a Ford supplier could disrupt its business for months, according to WSJ
  • Fortuna Silver Mines (FSM) files Environmental and Social Impact Assessment for Diamba Sud Gold Project, targets construction decision in 1H 2026
  • Fractyl Health (GUTS) reports potent preclinical results from RJVA-002, a dual GIP/GLP-1 gene therapy candidate for obesity
  • Globant (GLOB) unveils version 2.3 of Globant Enterprise AI, incorporating agentic commerce protocol
  • Halozyme Therapeutics (HALO) discloses in filing that it has appointed Cortney Caudill as Chief Operating Officer
  • Hudbay Minerals (HBM) announces it has resumed operations at the Constancia mine in Peru following a temporary shutdown due to local protests and illegal blockades
  • IBM (IBM) and Anthropic partner to advance enterprise software development with proven security and governance
  • IBM (IBM) unveils advancements across software and infrastructure to help enterprises operationalize AI
  • Ionis Pharma (IONS) showcases transformational medicines and industry-leading pipeline at Innovation Day
  • IREN Limited's (IREN) meteoric rise continues after announcing new multi-year cloud contracts with AI companies this morning; Stock posting record highs again, now up a staggering 275% since the beginning of August
  • IREN Limited (IREN) secures new multi-year AI cloud contracts
  • Jade Biosciences (JBIO) unveils JADE201, its investigational half-life extended, afucosylated monoclonal antibody targeting the B-cell activating factor receptor
  • KalVista Pharmaceuticals (KALV) Presents New Data Highlighting the Potential of EKTERLY (sebetralstat) to Transform On-Demand Hereditary Angioedema Treatment in Europe
  • Lexeo Therapeutics (LXEO) announces progress in FDA discussions for accelerated approval pathway and positive interim clinical data for LX2006 in friedreich ataxia cardiomyopathy
  • MasterBrand (MBC) and American Woodmark (AMWD) received notice on Oct 3 from the Federal Competition Commission of Mexico that it approved the Merger
  • Miami International Holdings (MIAX) reports record September trading volumes and market share growth across options platforms
  • Newmark Group (NMRK) also discloses completion of Howard W. Lutnick divestiture
  • NexMetals Mining (NEXM) announces assay results from 4 additional holes of the 12 hole metallurgical drilling program
  • Novavax (NVAX) continues to deliver on Sanofi (SNY) partnership, completing Nuvaxovid EU marketing authorization transfer and triggering $25 million milestone payment
  • Novo Nordisk (NVO) eliminated dozens of jobs at U.S. plant, according to Reuters
  • Planet Labs (PL) and VITO announce extension to their long-term partnership to accelerate the use of Earth observation
  • QMMM Holdings Limited (QMMM) received an information request from The Nasdaq for certain information and documents
  • Rio Tinto (RIO), Mitsui (MITSI) and Nippon Steel (NISTF) will invest $733 million to develop the West Angelas Sustaining Project, part of the Robe River Joint Venture in Western Australia’s Pilbara region
  • Rocket Lab USA (RKLB) sets launch schedule for 1st of 21 new missions with Synspective
  • Seabridge Gold KSM (SA) tunnel authorizations face third legal challenge from Tudor Gold
  • Sprinklr (CXM) announces that Anthony Coletta will become Chief Financial Officer, effective immediately
  • Stellantis (STLA): The Trump administration considering revoking $1.1 bln in auto plant funding to STLA and General Motors (GM), according to Reuters
  • Telefonica Brasil (VIV) completed a corporate reorganization involving its stake in Vivae Educação Digital S.A.
  • Tesla (TSLA) plans to introduce a less expensive Model Y today, according to Bloomberg
  • Tesla (TSLA) CEO Elon Musk investing in Memphis data centers to compete in AI, according to WSJ
  • Tile Shop (TTSH) approves plan to terminate registration of its common stock
  • Tredegar (TG) announces retirement of CFO Andrew Edwards, effective December 31; Board of Directors and executive leadership team evaluating options to facilitate a smooth transition and continued financial stewardship
  • Trilogy Metals (TMQ) applauds President Trump's decision to grant permits for the Ambler Access Project to Enable the development of critical minerals in Alaska
  • Veeco Instruments (VECO) announces launch and first commercial multi-tool order from Rocket Lab Corporation for its new Lumina+ metal-organic chemical vapor deposition system
  • Venture Global announced (VG) the volume of LNG cargos exported from its facilities and the weighted averaged fixed liquefaction fee realized by the Company

• Upgrades:
  • AMD (AMD) upgraded to Buy from Hold at Jefferies, tgt $300
    
  • Banc of California (BANC) upgraded to Strong Buy from Outperform at Raymond James, tgt $20
    
  • Brinker (EAT) upgraded to Overweight from Neutral at JPMorgan, tgt $175
    
  • Carlyle Secured (CGBD) upgraded to Outperform from Market Perform at Raymond James, tgt $15
    
  • Comerica (CMA) upgraded to Equal Weight from Underweight at Morgan Stanley, tgt $83
    
  • Edwards Lifesciences (EW) upgraded to Outperform from In Line at Evercore ISI, tgt $88
    
  • Elanco (ELAN) upgraded to Overweight from Neutral at JPMorgan, tgt $24
    
  • Emcor (EME) upgraded to Neutral from Sell at Goldman, tgt $676
    
  • Fifth Third (FITB) upgraded to Overweight from Equal Weight at Morgan Stanley, tgt $60
    
  • First Financial Bancorp (FFBC) upgraded to Outperform from Market Perform at Raymond James, tgt $30
    
  • Fulton Financial (FULT) upgraded to Outperform from Market Perform at Raymond James, tgt $21
    
  • Hologic (HOLX) upgraded to Outperform from In Line at Evercore ISI, tgt $78
    
  • MidCap Financial (MFIC) upgraded to Outperform from Market Perform at Raymond James, tgt $13.50
    
  • Morgan Stanley Direct Lending (MSDL) upgraded to Outperform at Raymond James, tgt $18.50
    
  • Netflix (NFLX) upgraded to Buy from Neutral at Seaport Research, tgt $1,385
    
  • ServisFirst (SFBS) upgraded to Outperform from Market Perform at Raymond James, tgt $95
    
  • Smurfit Westrock (SW) upgraded to Overweight from Equal Weight at Wells Fargo, tgt $52
    
  • Veeva (VEEV) upgraded to Buy from Hold at TD Cowen, tgt $380
• Downgrades:
  • ACNB Corp. (ACNB) downgraded to Market Perform from Outperform at Raymond James
    
  • Autoliv (ALV) downgraded to Neutral from Buy at UBS, tgt $124
    
  • Capital Southwest (CSWC) downgraded to Market Perform from Outperform at Raymond James
    
  • D.R. Horton (DHI) downgraded to In Line from Outperform at Evercore ISI, tgt $169
    
  • Dollar Tree (DLTR) downgraded to Underperform from Hold at Jefferies, tgt $70
    
  • Federal Realty (FRT) downgraded to Hold from Buy at Deutsche Bank, tgt $105
    
  • GE HealthCare (GEHC) downgraded to Neutral from Buy at Citigroup, tgt $83
    
  • GitLab (GTLB) downgraded to Neutral from Outperform at Mizuho, tgt $52
    
  • HBT Financial (HBT) downgraded to Market Perform from Outperform at Raymond James
    
  • KB Home (KBH) downgraded to In Line from Outperform at Evercore ISI, tgt $65
    
  • Meritage Homes (MTH) downgraded to In Line from Outperform at Evercore ISI, tgt $82
    
  • OneMain (OMF) downgraded to Neutral from Overweight at JPMorgan, tgt $57
    
  • Oportun Financial (OPRT) downgraded to Underweight from Neutral at JPMorgan, tgt $6
    
  • PennyMac (PFSI) downgraded to Market Perform from Outperform at Keefe Bruyette, tgt $129
    
  • PulteGroup (PHM) downgraded to In Line from Outperform at Evercore ISI, tgt $154
    
  • QuidelOrtho (QDEL) downgraded to Neutral from Buy at Citigroup, tgt $33
    
  • SLM (SLM) downgraded to Neutral from Overweight at JPMorgan, tgt $29
    
  • Synchrony (SYF) downgraded to Neutral from Overweight at JPMorgan, tgt $75
    
  • Toll Brothers (TOL) downgraded to In Line from Outperform at Evercore ISI, tgt $160
    
  • TRI Pointe (TPH) downgraded to In Line from Outperform at Evercore ISI, tgt $34
    
  • TrueCar (TRUE) downgraded to Hold from Buy at Needham
• Others:
  • AES Corp. (AES) initiated with an In Line at Evercore ISI, tgt $15
    
  • Alphabet (GOOGL) initiated with a Buy at HSBC, tgt $285
    
  • American Electric Power (AEP) initiated with an Outperform at Evercore ISI, tgt $133
    
  • Black Rock Coffee Bar (BRCB) initiated with an Outperform at William Blair
    
  • Black Rock Coffee Bar (BRCB) initiated with a Buy at Jefferies, tgt $30
    
  • Black Rock Coffee Bar (BRCB) initiated with a Neutral at JPMorgan, tgt $24
    
  • Black Rock Coffee Bar (BRCB) initiated with an Outperform at Robert W. Baird, tgt $32
    
  • Black Rock Coffee Bar (BRCB) initiated with an Overweight at Morgan Stanley, tgt $28
    
  • Black Rock Coffee Bar (BRCB) initiated with a Buy at Stifel, tgt $27
    
  • Bloom Energy (BE) initiated with an Outperform at Evercore ISI, tgt $100
    
  • Blaize (BZAI) initiated with a Buy at Roth Capital, tgt $8.50
    
  • Boost Run (BRUN) initiated with a Buy at DA Davidson, tgt $15
  • Brilliant Earth (BRLT) initiated with a Buy at B. Riley, tgt $3
  • CenterPoint Energy (CNP) initiated with an In Line at Evercore ISI, tgt $42
    
  • Clearway Energy (CWEN) initiated with an In Line at Evercore ISI, tgt $34
  • Dominion (D) initiated with an In Line at Evercore ISI, tgt $67
  • Duke Energy (DUK) initiated with an Outperform at Evercore ISI, tgt $143
  • Enphase Energy (ENPH) initiated with an In Line at Evercore ISI, tgt $40
  • Entergy (ETR) initiated with an In Line at Evercore ISI, tgt $98
  • Exelon (EXC) initiated with an Outperform at Evercore ISI, tgt $57
  • Federal Realty (FRT) initiated with an In Line at Evercore ISI, tgt $105
  • First Solar (FSLR) initiated with an In Line at Evercore ISI, tgt $240
    
  • Gemini Space Station (GEMI) initiated with a Buy at Rosenblatt, tgt $30
    
  • Gemini Space Station (GEMI) initiated with a Buy at Truist, tgt $31
    
  • Gemini Space Station (GEMI) initiated with a Market Perform at Keefe Bruyette, tgt $27
    
  • Gemini Space Station (GEMI) initiated with an Outperform at Mizuho, tgt $30
    
  • Gemini Space Station (GEMI) initiated with an Outperform at Evercore ISI, tgt $30
    
  • Gemini Space Station (GEMI) initiated with a Neutral at Citigroup, tgt $26
    
  • Gemini Space Station (GEMI) initiated with a Neutral at Goldman, tgt $25
    
  • IPG Photonics (IPGP) initiated with a Buy at Roth Capital, tgt $96
    
  • Legence (LGN) initiated with a Buy at BofA Securities, tgt $35
    
  • Legence (LGN) initiated with an Outperform at Wolfe Research, tgt $40
    
  • Legence (LGN) initiated with a Buy at BTIG Research, tgt $40
    
  • Legence (LGN) initiated with a Buy at Stifel, tgt $36
    
  • Legence (LGN) initiated with an Outperform at RBC Capital, tgt $36
    
  • Legence (LGN) initiated with a Buy at Rothschild & Co Redburn, tgt $35.50
    
  • Legence (LGN) initiated with a Hold at Jefferies, tgt $34
    
  • Legence (LGN) initiated with an Outperform at Bernstein, tgt $38
    
  • Legence (LGN) initiated with an Outperform at BMO Capital, tgt $36
    
  • Legence (LGN) initiated with a Buy at Goldman, tgt $37
    
  • MasTec (MTZ) initiated with a Buy at Clear Street, tgt $290
    
  • Micron (MU) initiated with an Outperform at Itau BBA, tgt $249
    
  • MSG Sports (MSGS) initiated with a Neutral at BTIG Research
    
  • Nexxen (NEXN) initiated with a Buy at BTIG Research, tgt $13
    
  • NextEra Energy (NEE) initiated with an Outperform at Evercore ISI, tgt $92
    
  • NiSource (NI) initiated with an In Line at Evercore ISI, tgt $45
    
  • OneSpaWorld (OSW) initiated with a Buy at Northcoast, tgt $28
    
  • Paychex (PAYX) initiated with an Equal Weight at Stephens, tgt $135
  • PPL Corp. (PPL) initiated with an Outperform at Evercore ISI, tgt $43
  • Public Service Enterprise Group (PEG) initiated with an In Line at Evercore ISI, tgt $83
    
  • Rogers Corp. (ROG) initiated with a Buy at Freedom Capital, tgt $97
    
  • Seadrill (SDRL) initiated with an Equal Weight at Barclays, tgt $33
    
  • Soleno Therapeutics (SLNO) initiated with a Buy at Goldman, tgt $125
    
  • Southern Company (SO) initiated with an In Line at Evercore ISI, tgt $103
    
  • Sphere Entertainment (SPHR) initiated with a Neutral at BTIG Research
    
  • Spire (SR) initiated with a Buy at Jefferies, tgt $92
    
  • Sempra Energy (SRE) initiated with an Outperform at Evercore ISI, tgt $105
    
  • Taboola (TBLA) initiated with a Neutral at BTIG Research
    
  • TKO Group (TKO) initiated with a Buy at BTIG Research, tgt $235
    
  • Via Transportation (VIA) initiated with an Overweight at Wells Fargo, tgt $60
    
  • Via Transportation (VIA) initiated with an Outperform at Oppenheimer, tgt $59
    
  • Via Transportation (VIA) initiated with an Outperform at William Blair
    
  • Via Transportation (VIA) initiated with an Outperform at Wolfe Research, tgt $60
    
  • Via Transportation (VIA) initiated with a Buy at Guggenheim, tgt $58
    
  • Via Transportation (VIA) initiated with an Equal Weight at Morgan Stanley, tgt $53
    
  • Via Transportation (VIA) initiated with an Outperform at Citizens JMP, tgt $59
    
  • Via Transportation (VIA) initiated with a Neutral at Goldman, tgt $50
    
  • Xcel Energy (XEL) initiated with an Outperform at Evercore ISI, tgt $92

• Econ Data (Wednesday):
  • 7:00 ET: Weekly MBA Mortgage Index (prior -12.7%)
  • 10:30 ET: Weekly crude oil inventories (prior +1.79 bln)

• Earnings:
  • Monday (Oct 6)
    • Pre-Market: None
    • After-Hours: STZ
      
    Tuesday (Oct 7)
    • Pre-Market: MKC
    • After-Hours: PENG
      
  • Wednesday (Oct 8)
    • Pre-Market: None 
      
    • After-Hours: AZZ
      
  • Thursday (Oct 9)
    • Pre-Market: DAL HELE NEOG PEP
    • After-Hours: APOG APLD LEVI
  • Friday (Oct 10)
    • Pre-Market: None
    • After-Hours: None