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The Market In 5 Minutes: Apple Surprises, Twitter Disappoints And Hillary Makes History

The Market In 5 Minutes: Apple Surprises, Twitter Disappoints And Hillary Makes History - Apple Inc. NASDAQ:AAPL, Analog Devices, Inc. NASDAQ:ADI

Below is a tool used by the Benzinga News Desk each trading day -- it's a look at everything happening in the market, in five minutes. Apply for daily AM access by clicking here or email minutes@benzinga.com.

Macro Focus

The stock market meandered on either side of unchanged on Tuesday, and the major averages closed the session mixed, with the Dow posting a small loss and the S&P and Nasdaq rising modestly.

The Dow Jones Industrial Average fell around 19 points, or 0.10 percent, to close at 18,474. The S&P 500 added less than a point on the session, or 0.03 percent, and ended the day at 2,169. The Nasdaq climbed a little better than 12 points, or 0.24 percent, to 5,110 on Tuesday.

Oil prices traded lower as Brent crude futures fell 0.98 percent to trade at $44.43 per barrel, while US WTI crude futures also dropped 0.54 percent to trade at $42.70 a barrel. The Energy Information Administration’s weekly report on petroleum inventories is schedule for release at 10:30 a.m. ET.

USA MBA Mortgage Applications (WoW) for July 22 -11.20% vs -1.30% prior reading.

Data on durable goods orders for June will be released at 8:30 a.m. ET.
The pending home sales index for June will be released at 10:00 a.m. ET.
The Federal Open Market Committee will announce its policy decision at 2:00 p.m. ET

BZ News Desk

Some of last night's and this morning's notable earnings:

Coca-Cola KO Q2 EPS $0.60 vs $0.58 est, Revenue $11.54B vs $11.64B est
Panera Bread PNRA Reports Q2 Adj. EPS $1.78 vs $1.74 Est., Sales $698.9M vs $696M Est.
Buffalo Wild Wings BWLD EPS $1.27 vs $1.26 Est, Sales $490.2M vs $498.32M
Boeing BA Reports Q2 Adj. EPS $(0.44) vs $(0.92) Est., Sales $24.8B vs $24B Est.
Juniper Networks JNPR Reports $0.50 Adj. EPS vs $0.47 Est, Sales $1.221B vs $1.19B Est
US Steel X Reports Q2 EPS $(0.32) May Not Compare to $(0.49) Est., Sales $2.584B vs $2.67B Est.
Comcast CMCSA Q2 EPS $0.83 vs $0.81 est, Revenue $18.7B vs $19.0B est

Sell-Side Themes

Sell-Side's Most Noteworthy Calls

Oppenheimer downgraded TerraForm Power TERP to Perform.
Stifel downgraded Citrix CTXS to Hold.
JPMorgan upgraded Alaska Air ALK to Overweight.
Credit Suisse upgraded Coach COH to Outperform.
Citi started Coherus BioSciences CHRS at Buy.
Brean started TAL Education XRS at Buy.

Deal Talk

Analog Devices ADI and Linear Technology LLTC entered into a definitive agreement under which Analog Devices will acquire Linear Technology for approximately $60 per share in cash and stock. Linear shareholders will receive $46.00 per share in cash and 0.2321 of a share of Analog Devices common stock for each share of Linear Technology common stock they own.

Shares of General Mills GIS rose on renewed unconfirmed market chatter of a potential takeover by Coca-Cola. "Sources" say Coke has hired bankers to structure a deal in the $84 to $88 per share range.

Labcorp will acquire Sequenom SQNM for $2.40 per share in cash.

In The News

Democrats on Tuesday made Hillary Clinton the first woman to head a major party ticket -- and during an emotional night, her family and supporters asked voters to give her a second look. "What an incredible honor that you have given me, and I can't believe we just put the biggest crack in that glass ceiling yet," Clinton said via satellite.

State Farm is funding research into driverless technology, an arrangement that might eventually help the car insurer tailor policies for autonomous vehicles. Reducing risk when introducing autonomous-driving vehicles means taking time to allow the technology to mature and providing rigorous training for operators, say aviation safety experts.

Blogosphere

"Airbus might just be at the beginning of the end of rather a big problem. On Wednesday, it offered tentative signs it was getting a grip on recent production woes, raising the prospect that more cash could soon follow."

Trending

AAPL TWTR FB CHK BA STRP KO DB KOOL LL ADI CMCSA STO MO NOC GLW [StockTwits]

#DemsInPhilly In his turn on the Democratic National Convention stage Tuesday night, former president Bill Clinton gave a deeply personal account of his wife, newly-minted Democratic nominee Hillary Clinton. "She's the best darn change-maker I've ever met in my whole life."

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