Before the Open (Sep 11)

Good morning. Happy Tuesday.
The Asian/Pacific markets closed with a lean to the downside. Japan and New Zealand did well; Hong Kong, India, Thailand and the Philippines were weak. Europe, Africa and the Middle East are currently mostly down. Turkey is doing well, but Portugal, Poland, the UK, Germany, Greece, South Africa, Kenya and Hungary are weak. Futures in the States point towards a moderate gap down open for the cash market.
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Blog: Advice from Warren Buffett
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The dollar is up slightly. Oil is flat; copper is down. Gold and silver are down small amounts. Bonds are down.
Overnight Stock Movers from barchart.com…
Wingstop (WING -3.20%) was downgraded to ‘Neutral’ from ‘Buy’ at Goldman Sachs with a price target of $66.
Nike (NKE +2.24%) was upgraded to ‘Buy’ from ‘Hold’ at Canaccord Genuity with a price target of $95.
Casey’s General Stores (CASY +1.57%) rose nearly 3% in after-hours trading after it reported Q1 revenue of $2.59 billion, stronger than consensus of $2.57 billion.
Nutanix (NTNX +0.95%) gained more than 3% in after-hours trading after it announced that it had closed a $20 million contract with the U.S. Department of Defense, the largest deal in the company’s history.
National Oilwell Varco (NOV -1.33%) was rated a new ‘Buy’ at Stifel with a price target of $54.
Krystal Biotech (KRYS +4.99%) was rated a new ‘Overweight’ at Cantor Fitzgerald with a price target of $28.
Limoneira (LMNR +2.78%) slumped 16% in after-hours trading after it cut its outlook for fiscal 2018 Ebitda to $22.5 million to $23.5 million from a prior view of $$23 million to $25 million.
U.S. Silica (SLCA -1.49%) was rated a new ‘Buy’ at Stifel with a price target of $26.
NN Inc (NNBR -0.50%) slid almost 4% in after-hours trading after it announced that it is commencing an underwritten public offering of 12.5 million shares of its common stock.
Halliburton (HAL -0.30%) was rated a new ‘Buy’ at Stifel with a price target of $45.
Sonos (SONO +13.28%) tumbled nearly 14% in pre-market trading after it forecast full-year adjusted Ebitda of between $59 million and $62 million, the midpoint below consensus of $61.4 million.
Endocyte (ECYT +11.38%) fell more than 4% in after-hours trading when it announced that it intends to offer and sell $175 million of its common stock in an underwritten public offering.
Avid Bioservices (CDMO +0.70%) jumped 10% in after-hours trading after it reported a Q1 loss per share of -6 cents, narrower than consensus of -9 cents.
Pacific Biosciences of California (PACB +1.95%) dropped 8% in after-hours trading when it announced that it intends to offer and sell shares of its common stock in an underwritten public offering.
Monday’s Key Earnings
Avid Bioservices (NASDAQ:CDMO) +18.1% AH despite Q1 revenue decline.
Casey’s General Stores (NASDAQ:CASY) +4.4% AH on Q1 earnings beat.
Sonos (SONO) -14.5% AH after first public earnings.
Today’s Economic Calendar
6:00 NFIB Small Business Optimism Index
8:55 Redbook Chain Store Sales
10:00 Job Openings and Labor Turnover Survey
10:00 Wholesale Trade
1:00 PM Results of $35B, 3-Year Note Auction
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY