1. Iran decision: President Donald Trump will announce his decision on whether to scrap the Iran nuclear deal at 2:00 p.m. ET.
Trump is widely expected to stop waiving sanctions on Iran’s energy and banking sector that were lifted as part of the 2015 agreement in exchange for curbs on Tehran’s nuclear program. US allies have urged Trump to stick with the deal.
Trump’s decision could have a major impact on energy markets. Oil prices have surged nearly 13% over the past month to their highest level since 2014 on fears of supply disruptions.
“[The] decision on whether to pull out of the deal to limit sanctions on Iran in return for limits to its nuclear program will hang over markets,” said Kit Juckes, a strategist at Societe Generale.
2. Disney earnings: Disney (DIS) will report its quarterly earnings after the closing bell.
The company is likely to boast about the success of “Black Panther,” which has made more than $688 million domestically. Its “Avengers: Infinity War” and the upcoming Star Wars movie “Solo” are also expected to be huge hits.
Top Energy Stocks To Invest In Right Now: Alphabet Inc.(GOOGL)
- [By Evan Niu, CFA]
Up until recently, most streaming players have relied on the remote to enable voice controls, requiring users to speak directly into the remote’s microphone. That kind of changed last fall when Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) subsidiary Google updatedGoogle Assistant to allow it to control Chromecast devices, Google’s competing streaming dongle. Users can speak into a Google Home or other device using Google Assistant (like a smartphone), asking the virtual assistant to turn the TV on, among other tasks.
- [By Paul Ausick]
Alphabet Inc. (NASDAQ: GOOGL) reported fourth-quarter and full-year 2017 results after markets closed Thursday. The search engine behemoth reported diluted earnings per share (EPS) of $9.70 on revenues of $32.32 billion. In the year-ago quarter Alphabet posted EPS of $9.36 on revenues of $26.06 billion. Analysts were estimating EPS of $9.98 on revenues of $31.87 billion.
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(1) 57% of companies have beaten earnings estimates and 48% of firms have topped sales estimates so far this reporting season. Investors have chosen to focus on the sustainability of the results rather than eye-popping beats alone. Sicty-five percent of the financial stocks reported beats (namely Goldman Sachs (GS) , JPMorgan & Chase (JPM) , Bank of America (BAC) , Citigroup (C) ), but the median stock trailed the S&P 500 by 21 basis points amid fears about loan growth and trading activity. On the other hand, Netflix (NFLX) posted in-line earnings results but above-consensus subscriber additions, suggesting strong continued organic growth opportunities. Netflix outperformed the market by 812 basis points the day after reporting, leading to a broader rally in FANG stocks (Facebook (FB) , Amazon (AMZN) , Netflix and Alphabet (GOOGL) ).
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RCN, backed by TPG Capital and Alphabet Inc.’s (GOOGL) Google Capital, is an “over builder,” the industry term for a cable operator that enters markets with incumbent cable operators. Unlike Charter Communications Inc. (CHTR) and Cox Communications Inc., RCN competes directly against Comcast in some if its footprint.
- [By Steve Symington]
As for individual stocks, earnings news left shares of Signet Jewelers (NYSE:SIG) tumbling, while an announcement from Google parent Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL) sent shockwaves through cryptocurrency markets.
- [By Lisa Levin]
Some of the stocks that may grab investor focus today are:
Wall Street expects Halliburton Company (NYSE: HAL) to report quarterly earnings at $0.42 per share on revenue of $5.75 billion before the opening bell. Halliburton shares fell 0.06 percent to $51.93 in after-hours trading.
Analysts expect Alphabet Inc. (NASDAQ: GOOGL) to post quarterly earnings at $9.33 per share on revenue of $30.31 billion after the closing bell. Alphabet shares gained 0.24 percent to $1,079.88 in after-hours trading.
Before the markets open, Lennox International Inc. (NYSE: LII) is projected to report quarterly earnings at $1.09 per share on revenue of $815.16 million. Lennox shares dropped 2.84 percent to close at $197.08 on Friday.
HNI Corporation (NYSE: HNI) reported retirement of its CEO Stan A. Askren and appointment of Jeffrey D. Lorenger as new CEO. HNI also reported strong earnings for its first quarter. HNI shares fell 3.17 percent to $34.20 in the after-hours trading session.
Analysts are expecting Hasbro, Inc. (NASDAQ: HAS) to have earned $0.35 per share on revenue of $822.15 million in the latest quarter. Hasbro will release earnings before the markets open. Hasbro shares fell 0.39 percent to $82.49 in after-hours trading.
Find out what's going on in today's market and bring any questions you have to Benzinga's PreMarket Prep.
Top Energy Stocks To Invest In Right Now: Ability Inc.(ABIL)
- [By Lisa Levin]
Check out these big penny stock gainers and losers
Tower Semiconductor Ltd. (NASDAQ: TSEM) fell 16.1 percent to $23.10 in pre-market trading after reporting downbeat quarterly results.
Integrated Media Technology Limited (NASDAQ: IMTE) fell 13 percent to $18.00 in pre-market trading after declining 37.37 percent on Friday.
Ability Inc. (NASDAQ: ABIL) shares fell 7.1 percent to $2.61 in pre-market trading.
International Flavors & Fragrances Inc. (NYSE: IFF) shares fell 6.4 percent to $133.00 in pre-market trading. International Flavors & Fragrances reported upbeat earnings for its first quarter and agreed to acquire Frutarom for $7.1 billion.
BHP Billiton Limited (NYSE: BHP) fell 6.8 percent to $45.00 in pre-market trading.
Sibanye Gold Limited (NYSE: SBGL) fell 6.4 percent to $3.23 in pre-market trading after dropping 2.27 percent on Friday.
Spark Therapeutics, Inc. (NASDAQ: ONCE) fell 5.9 percent to $66.52 in pre-market trading after declining 1.15 percent on Friday.
DENTSPLY SIRONA Inc. (NASDAQ: XRAY) shares fell 4 percent to $48.00 in pre-market trading. DENTSPLY SIRONA reported Q1 adjusted earnings of $0.45 per share on sales of $956.1 million. The company updated its 2018 adjusted earnings guidance to $2.55 to 2.65 per share
Top Energy Stocks To Invest In Right Now: Southern First Bancshares Inc.(SFST)
- [By Stephan Byrd]
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