Evercore ISI analyst Robert Ottenstein notes that Keurig Dr Pepper (KDP) has launched Adrenaline Shoc in key markets. The analyst is incrementally more positive on Keurig Dr Pepper and continues to be cautious on Monster Beverage (MNST), although he acknowledges that valuation is getting "interesting." Ottenstein also sees vulnerability across Monster's energy portfolio, especially the Ultra line, as well as Red Bull Editions. As A Shoc ramps up national distribution in the second half of 2019, renewed competitive concerns for Monster could get investors back on the side-lines, he contends.

Notable companies reporting before tomorrow's open, with earnings consensus, include Merck (MRK), consensus $1.87... Caterpillar (CAT), consensus $5.14... Comcast (CMSCA), consensus 99c... Honeywell (HON), consensus $2.17... Bristol-Myers (BMY), consensus ($4.44)... Altria (MO), consensus $1.15... Keurig Dr. Pepper (KDP), consensus 35c... GE Vernova (GEV), consensus (37c)... Royal Caribbean (RCL), consensus $1.33... Tractor Supply (TSCO), consensus $1.72... Mobileye (MBLY), consensus (6c)... Textron (TXT), consensus $1.23... LabCorp (LH), consensus $3.48... Southwest Airlines (LUV), consensus (34c)... American Airlines (AAL), consensus (29c)... Harley-Davidson (HOG), consensus $1.51.