Before the Open (Mar 14)

Posted on by Jason Leavitt

Good morning. Happy Wednesday.
The Asian/Pacific markets closed mostly down. Japan, China, New Zealand, Taiwan, Australia, Indonesia, Singapore and the Philippines all posted moderate-to-big losses. Europe, Africa and the Middle East are currently mixed. Switzerland, Kenya and Sweden are up the most; Greece, Russia and South Africa are down. Futures in the States point towards a moderate gap up open for the cash market.
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VIDEO: LeavittBrothers.net Overview
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The dollar is flat. Bitcoin is down. Oil and copper are up. Gold and silver are flat. Bonds are up.
Stock headlines from barchart.com…
Caleres (CAL +2.43%) jumped over 10% in after-hours trading after it reported Q4 net sales of $702.5 million, better than consensus of $695.8 million.
Ford Motor (F -0.28%) was upgraded to ‘Overweight’ from ‘Underweight’ at Morgan Stanley.
RH (RH -0.67%) was upgraded to ‘Outperform’ from ‘Market Perform’ at Raymond James with a price target of $95.
Sunoco (SUN unch) was downgraded to ‘Sell’ from ‘Neutral’ at Goldman Sachs.
B&G Foods (BGS +1.52%) authorized a $50 million stock buyback program.
Tyler Technologies (TYL +0.42%) was rated a new ‘Outperform’ at Baird with a price target of $240.
Lockheed Martin (LMT +0.11%) received a $1.46 billion contract from the Department of Defense for modification of 145 F-35 Lightning II air systems.
Golden Entertainment (GDEN +1.83%) was rated a new ‘Outperform’ at Telsey Advisory Group with A price target OF $32.
MongoDB (MDB -4.15%) rose 4% in after-hours trading after it reported Q4 adjusted gross margin of 73%, higher than consensus of 71.6%
Patterson Cos (PDCO -1.28%) authorized a new $500 million share buyback program.
First Hawaiian (FHB -0.59%) was upgraded to ‘Outperform’ from ‘Market Perform’ at Keefe, Bruyette & Woods with a price target of $34.
Heritage Commerce (HTBK +0.84%) was upgraded to ‘Outperform’ from ‘Market Perform’ at Keefe, Bruyette & Woods with a price target of $19.
RadNet (RDNT +2.02%) was rated a ‘Strong Buy’ at Raymond James with a price target of $15.
Aratana Therapeutics (PETX +0.23%) gained almost 2% in after-hours trading after it reported Q4 revenue of $10.5 million, better than consensus of $6.8 million.
Today’s Economic Calendar
7:00 MBA Mortgage Applications
8:30 Producer Price Index
8:30 Retail Sales
10:00 Atlanta Fed’s Business Inflation Expectations
10:00 Business Inventories
10:30 EIA Petroleum Inventories
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY

2 thoughts on “Before the Open (Mar 14)”

  1. If you find companies that are consistently raising their dividends at solid rates PLUS consistently buying back their own shares. this is the path for growth of dividends. Look at IR, RCL, ETN. Don’t worry about Rex T he is in on this one too.

  2. good ,constructive and unbiased video
    the nas bearish divergence also occured at nas previous high some months ago,but it has gone on to make a new high,indicating the previous high was wave 3 up and this high is wave 5 up
    i am however concerned with the german dax which does influence nas
    yes the dow is the weakest and thus what daytraders trade
    any drop from hear would make this a wave 3 down [which is a crash type impulse wave down]
    key support levels of dow of dow 24400 and spx 2550 must hold or ??? it would drop out of its range

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