U.S. equities had a mixed outing on Thursday as investors
watched yields rise to multi-year highs, digested a tech-heavy batch of fourth
quarter earnings, and looked ahead to Friday's release of the Employment
Situation report for January. After opening lower, the market struggled for
direction, rotating between modest gains and losses.
Futures are higher after hours: S&P 500 futures are +2.00 from fair value of 2822 and Nasdaq futures are +27.00 from fair value of 6910.
Notable companies reporting earnings after the close: EXPO, ATHN, EW, V, AMGN, ELY, FBHS, SIGI, SKYW, AIV, AMZN, CPT, CY, DECK, EMN, ENVA, GOOG, KRG, LPLA, MAT, OMCL, OSIS, POWI, VR, RTEC, IIVI, GPRO, KMT, MWA, VIAV, AAPL, ACET, AXON, BKH, DATA, DCT, EPAY, MSI, MTX, NFG, PACB, TNAV, USAK, YRCW, SNDR, BRKS, ESL, VREX, HAYN, NGVC, POST.
Tomorrow morning, companies expected to report earnings include: MINI, S, CHTR, WY, AON, CVX, IMO, LYB, MRK, PSX, PSXP, SAIA, TWIN, VLP, VRTS, WETF, XOM, ROP, SNE, HMC, CLX, EL, SPR, WFT, MSG, AZN.
Economic data out tomorrow morning before the open: Nonfarm Payrolls (Consensus 180K for Jan, vs 148K in the prior month), Nonfarm Private Payrolls (Consensus 175K for Jan, vs 146K in the prior month), Unemployment Rate (Consensus 4.1% for Jan, vs 4.1% in the prior month), Avg. Hourly Earnings (Consensus 0.3% for Jan, vs 0.3% in the prior month), Average Workweek (Consensus 34.5 for Jan, vs 34.5 in the prior month).
Looking at the energy markets after hours here, the EIA released its weekly storage data...
The EIA reports that for the week ending Jan 26th:
- Natural gas inventory showed a draw of 99 bcf vs a draw of 288 bcf in the prior week
- Working gas in storage was 2,197 Bcf as of Friday, January 26, 2018, according to EIA estimates. This represents a net decrease of 99 Bcf from the previous week. Stocks were 526 Bcf less than last year at this time and 425 Bcf below the five-year average of 2,622 Bcf. At 2,197 Bcf, total working gas is within the five-year historical range.
In other news: Impinj (PI) raised fourth quarter revenue guidance to $29-30 million
(prior:$28.25-$29.75 million), above consensus; guides first quarter revenues
below consensus; CFO will step down effective March 30.
Shares are down 25% after hours following this news.