Before the Open (Sep 14)

Posted on by Jason Leavitt

Good morning. Happy Friday.
The Asian/Pacific markets closed mostly up. Japan, Hong Kong, South Korea, India, Taiwan and Indonesia each rallied more than 1%; the Philippines were weak. Europe, Africa and the Middle East are currently mixed and little changed. Turkey, South Africa and Finland are up; Denmark, the UAE, Kenya and Saudi Arabia are down. Futures in the States point towards a positive open for the cash market.
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The dollar is up slightly. Oil is up; copper is down. Gold and silver are up. Bonds are down.
Overnight Stock Movers from barchart.com…
Corning (GLW +3.09%) was upgraded to ‘Buy’ from ‘Hold’ at Citibank with a price target of $40.
Adobe Systems (ADBE +0.27%) lost 1% in after-hours trading after it forecast Q4 GAAP EPS of $1.42, weaker than consensus of $1.47.
Esperion Therapeutics (ESPR +1.32%) was rated a ‘Buy’ at Stifel with a price target of $89.
National Beverage (FIZZ -0.52%) was rated a new ‘Sell’ at Guggenheim Securities with a price target of $91.
AnaptysBio (ANAB +0.36%) was rated a ‘Buy’ at Stifel with a price target of $127.
Constellation Brands (STZ -0.54%) was rated a new ‘Sell’ at Guggenheim Securities.
vMomenta Pharmaceuticals (MNTA -4.05%) was rated a ‘Buy’ at Stifel with a price target of $40.
Pacira Pharmaceuticals (PCRX +1.94%) was rated a new ‘Sell’ at Stifel with a price target of $41.
Vanda Pharmaceuticals (VNDA +0.27%) gained 1% in after-hours trading after it was rated a new ‘Buy’ at Stifel with a price target of $30.
Angi Homeservices (ANGI +3.74%) was rated a new ‘Outperform’ at Wedbush with a price target of $26.
Champions Oncology (CSBR +2.17%) surged 19% in after-hours trading after it reported Q1 revenue rose +24% to $6.2 million, stronger than expectations of $5.64 million.
Globalscape (GSB -1.01%) climbed nearly 4% in after-hours trading after it received an unsolicited offer to buy the company for $4.15 a share.
Radiant Logistics (RLGT +1.55%) jumped 14% in after-hours trading after it reported Q4 adjusted Ebitda of $9.9 million, well above consensus of $7.14 million.
Thursday’s Key Earnings
Adobe (NASDAQ:ADBE) -0.9% AH despite an earnings beat.
Kroger (NYSE:KR) -9.9% on disappointing guidance.
Sears (NASDAQ:SHLD) +21.5% AH slowing a sales decline.
Today’s Economic Calendar
8:30 Retail Sales
8:30 Import/Export Prices
9:00 Fed’s Evans: Monetary Policy and Economic Outlook
9:15 Industrial Production
10:00 Business Inventories
10:00 Consumer Sentiment
1:00 PM Baker-Hughes Rig Count
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY

One thought on “Before the Open (Sep 14)”

  1. An entire generation on Wall Street has never seen Treasury yields this high. These “Gradual” Rate Hikes Start to Add Up: US Treasury Yields up to Three Years…. Hit 10-Year Highs. So expect to see the economy react rather violently in the future. Suspect..no.look for a market correction that will curl your locks. Get a plan for the buying opportunity that could develop.

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