Market Overview

The Market In 5 Minutes: Amazon Lower, Payrolls Higher

The Market In 5 Minutes: Amazon Lower, Payrolls Higher

Macro Focus

Futures for the Dow Jones Industrial Average climbed 35 points to 19,856.00, while the Standard & Poor's 500 index futures rose 3.50 points to 2,279.00. Futures for the Nasdaq 100 index gained 5.50 points to 5,136.50.

Oil prices traded higher as Brent crude futures gained 0.53 percent to trade at $56.86 per barrel, while US WTI crude futures rose 0.47 percent to trade at $53.79 a barrel.

Nonfarm Payrolls for Jan 227.0K vs 175.0K est. Private Payrolls for Jan 237.0K vs 169.0K est. Unemployment Rate for Jan 4.80% vs 4.70% est.

  • Chicago Federal Reserve Bank President Charles Evans is set to speak in Olympia Fields, Ill. At 9:15 a.m. ET.
  • The Markit services PMI for January is schedule for release at 9:45 a.m. ET.
  • Data on factory orders for December will be released at 10:00 a.m. ET.
  • The ISM non-manufacturing index for January is schedule for release at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the recent week will be released at 1:00 p.m. ET.

BZ News Desk Focus

  • Amazon (NASDAQ: AMZN) Reports Q4 EPS $1.54 vs $1.35 Est., Sales $43.7B vs $44.68B Est.
  • Chipotle (NYSE: CMG) Reports Q4 EPS $0.55 vs. Est. $0.57, Rev. $1B vs. Est. $1.04B
  • GoPro (NASDAQ: GPRO) Reports Q4 Adj. EPS $0.29 vs $0.22 Est., Sales $540.621M vs $574.5M Est.
  • FireEye (NASDAQ: FEYE) Reports Q4 Adj EPS $(0.03) vs $(0.16) Est, Revenue $184.7M, Billings $221.8M, vs $190.99M Est
  • Visa (NYSE: V) Reports Q1 GAAP EPS $0.86 Does Not Compare to $0.78 Est., Sales $4.5B vs $4.29B Est.
  • Hershey (NYSE: HSY) Reports Q4 Adj. EPS $1.17 vs $1.08 Est., Sales $1.97B vs $1.98B Est.
  • Clorox (NYSE: CLX) Q2 EPS $1.14 vs $1.22 Est, Revenue $1.41B vs $1.41B Est
  • AutoNation (NYSE: AN) Q4 EPS $1.14 vs $0.96 Est, Revenue $5.5B vs $5.6B Est
  • Phillips 66 (NYSE: PSX) Q4 EPS $0.16 vs $0.40 Est

Sell-Side's Most Noteworthy Calls

  • Raymond James downgraded GoPro to Underperform.
  • Piper Jaffray downgraded Ralph Lauren (NYSE: RL) to Underweight.
  • Barclays upgraded Ford Motor (NYSE: F) to Overweight.
  • Credit Suisse upgraded Transocean (NYSE: RIG) to Outperform.

Deal Talk

Near the close, Fox Business reporter Charles Gasparino tweeted, "#BreakingNews Investors nervous about lack of clarity on taxes and yes once again bankers are talking up $twtr sale more now @FoxBusiness." Minutes later, Gasparino appeared on Fox Business to say that Twitter (NYSE: TWTR) would need to come down in price in order to secure an M&A deal. He personally "wouldn't buy it at $17 but...would buy at $12." Earlier in the day, another Tweet circulated a fake report of interest in the company and saw shares spike to $17.78 on high volume.

Advisory Board Company (NASDAQ: ABCO) is said to be interviewing banks as advisors to assist in planning a potential sale, among strategic options, according to sources as reported by Bloomberg. Elliott Management reported an 8.3 percent stake in ABCO on January 12. Advisory Board said it was aware Of Elliott's filing and were "always open to discussing constructive ideas for enhancing long-term shareholder value."

In The News

President Donald Trump on Friday plans to sign an executive action to scale back the 2010 Dodd-Frank financial-overhaul law, in a sweeping plan to dismantle much of the regulatory system put in place after the financial crisis. Trump also plans another executive action aimed at rolling back a controversial regulation scheduled to take effect in April that critics have said would upend the retirement-account advisory.

Trump's defense secretary warned North Korea of an "effective and overwhelming" response if it chose to use nuclear weapons, as he reassured South Korea of steadfast U.S. support. "Any attack on the United States, or our allies, will be defeated, and any use of nuclear weapons would be met with a response that would be effective and overwhelming," Defense Secretary Jim Mattis said at South Korea's defense ministry, at the end of a two-day visit.


I'm Fascinated by Snapchat Charts, So I Liveblogged: "It's here! The hotly anticipated initial public offering document for Snapchat parent company Snap Inc. landed, and we dug in with highlights and charts. Bloomberg News has reported Snapchat might be looking for a valuation of $25 billion, which would be a heady market value for a six-year-old company."



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