Before the Open (Apr 4)

Posted on by Jason Leavitt

Good morning. Happy Wednesday.
The Asian/Pacific market suffered some big losses. Hong Kong, South Korea, India, Malaysia, Indonesia, Singapore and Thailand all dropped at least 1%. Europe, African and the Middle East are currently mostly down. Poland, Turkey, Germany, Denmark, South Africa, Finland, Norway, Hungary, Spain, Italy, Israel, Austria and Sweden are down 1 or 2%. Futures in the States point towards a huge gap down open for the cash market.
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The dollar is flat. Bitcoin is down. Oil and copper are down. Gold and silver are up. Bonds are up.
Stock headlines from barchart.com…
Boeing (BA +2.60%) is sharply lower in pre-market trading after China said it would slap a 25% tariff on U.S. products including aircraft.
Dave & Buster’s (PLAY +1.50%) fell 3% in after-hours trading after issuing guidance for fiscal year revenue that was about 2% below the consensus.
Cloudera’s (CLDR +4.76%) plunged 18% in after-hours trading after its annual revenue forecast was 4% below the consensus.
Aehr Test Systems (AEHR +1.34%) rallied 15% in after-hours trading on larger-than-expected Q3 revenue and news of a follow-on order.
Landec’s (LNDC +1.53%) fiscal Q3 EPS report of 58 cents easily beat the consensus of 9 cents.
Viacom (VIAB -3.70%) fell marginally in after-hours trading after a report that CBS submitted its bid for Viacom, signaling the beginning of deal talks.
PTC Therapeutics (PTCT +0.58%) fell 4% in after-hours trading after a ratings downgrade from Barclays due to a lack of revenue upside.
Tuesday’s Key Earnings
Cloudera (NYSE:CLDR) -29% AH after Q4 beats, mixed guidance.
Dave & Buster’s Entertainment (NASDAQ:PLAY) -6.4% AH on below consensus guidance.
Aehr Test Systems (NASDAQ:AEHR) +6.2% AH on Q4 earnings beat.
Today’s Economic Calendar
7:00 MBA Mortgage Applications
8:15 ADP Jobs Report
9:45 PMI Services Index
10:00 ISM Non-Manufacturing Index
10:00 Factory Orders
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

3 thoughts on “Before the Open (Apr 4)”

  2. the nas 100 made new high,when the dow/spx did not and thus a divergence
    the nas is on a different wave structure to dow/spx
    however all now seem to be in a wave 3 down of their respective waves
    nas–wave 3 of wave 1
    dow /spx wave 3 of 3
    wave 3 consists of 5 waves
    violent up/downs are a precursor to a crash
    the up/downs are a bunch of wave 1 and 2 of 3
    if we get a panic crash it will be wave 3 of 3 of the respective waves
    so far the instos are still in control but forced selling will fix that

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