Additional US Equity News - Post the release of The Daily US Equity Opening News:

18th October 2017

EARNINGS
Navient (NAVI) – Q3 core EPS USD 0.55 vs Exp. USD 0.50. They see Q4 EPS of ‘at least’ USD 0.40 vs exp. USD 0.44 (Newswires)

 

DJIA
Apple (AAPL) / General Electric (GE) – The companies announced a partnership to deliver powerful industrial apps for iPhone and iPad. (Newswires)

 

S&P 500
AbbVie (ABBV) – The co. announces a collaboration on research with Harpoon Therapeutics. (Newswires)
Ford Motor Company (F) – The co. issues a safety recall for 1.3mln F-150 super duty vehicles. Following this, they have backed their Fy17 Adj EPS forecast of USD 1.65 – 1.85. vs Exp. USD 1.75 (Newswires) Navient (NAVI) – The co. says the share repurchase program is suspended through to 2018. (Newswires)

 

NASDAQ 100
Express Scripts Holdings (ESRX) / Anthem (ANTM) / CVS Health (CVS) – An Express Scripts Holdings spokesperson said the Anthem and CVS partnership is disappointing. (Newswires)

 

OTHER NEWS

BROKER MOVES

Upgrades

Downgrades
WESTERN NEW ENGLAND BANCORP (WNEB) DOWNGRADED TO NEUTRAL FROM BUY AT COMPASS POINT

 

Initiations
EQUINIX (EQIX) INITIATED WITH A NEUTRAL AT UBS
GOODRICH PETROLEUM (GDP) ASSUMED WITH A BUY AT SEAPORT GLOBAL
IRON MOUNTAIN (IRM) INITIATED WITH AN OUTPERFORM AT EVERCORE ISI

18 Oct 2017 - 13:58- Research Sheet- Source: RANsquawk

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