{"id":10005,"date":"2016-10-26T07:59:47","date_gmt":"2016-10-26T12:59:47","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10005"},"modified":"2016-10-26T07:59:47","modified_gmt":"2016-10-26T12:59:47","slug":"before-the-open-oct-26-5","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10005","title":{"rendered":"Before the Open (Oct 26)"},"content":{"rendered":"

Good morning. Happy Wednesday.<\/span>
\n The Asian\/Pacific<\/strong> closed mostly down. Hong Kong, Australia, New Zealand and South Korea dropped more than 1%. India and Singapore were also weak. Europe<\/strong> is currently mostly weak. The Netherlands and Norway are down more than 1%; the UK, Germany, Belgium, Sweden, Switzerland, and the Czech Republic are also weak. Futures in the States<\/strong> point towards a down open for the cash market. <\/span>
\n—————
\nJoin our email list<\/a> – get technical research reports sent directly to you.<\/strong>
\n—————<\/span>
\n The dollar is down. Oil is down; copper is flat. Gold and silver are down. Bonds are down. <\/span>
\n In the last two weeks the S&P moved 40 points off its low but got rejected by its declining 50-day MA.<\/span>
\n\"\"
\n Under Armour got hit hard after releasing earnings. It’s near a 52-week low. <\/span>
\n\"\"
\n Apple had earnings yesterday. First the stock spiked; then it dropped and is currently 3+ dollar below yesterday’s close. Here’s the 5-min after-hours and premarket chart. <\/span>
\n\"\"
\n This comes just two days after Facebook, Google and Microsoft moved to all-time highs. <\/span>
\n Oil moved to a new high…and is now at a 3-week low. False breakout?<\/span>
\n\"\"
\n No big bets right now. There aren’t many “easy and obvious” trades. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Apple (AAPL +0.51%) slid 3% in pre-market trading after it reported Q4 revenue of $46.9 billion, below consensus of $47 billion, and forecast Q1 gross margins of 38%-38.5%, weaker than consensus of 39%<\/span>
\n Under Armour (UA -13.22%) was downgraded to ‘Market Perform’ from ‘Outperform’ at Cowen with a 12-month target price of $35.<\/span>
\n Twitter (TWTR -4.27%) rose 3% in after-hours trading after Betaville reported that Disney is still interested in acquiring the company.<\/span>
\n Akamai Technologies (AKAM +0.39%) climbed over 6% in after-hours trading after it reported Q3 adjusted EPS of 68 cents, higher than consensus of 61 cents.<\/span>
\n Juniper Networks (JNPR +0.25%) rose 4% in after-hours trading after it reported Q3 adjusted EPS of 58 cents, higher than consensus of 52 cents\/<\/span>
\n Edwards Lifesciences (EW -2.86%) slumped over 12% in after-hours trading after it reported Q3 revenue of $739.4 million, less than consensus of $749.1 million, and said it sees Q4 sales of $750 million-$790 million, below consensus of $801.6 million.<\/span>
\n Panera Bread (PNRA -2.04%) rose 5% in after-hours trading after it reported Q3 adjusted EPS of $1.37, higher than consensus of $1.34, and then raised its full-year adjusted EPS view to $6.67-$6.72 from a July 26 estimate of $6.60-$6.70.<\/span>
\n NuVasive (NUVA -2.74%) tumbled 12% in after-hours trading after it cut its full-year revenue forecast to $952 million from a prior estimate of $962 million.<\/span>
\n Express Scripts Holding (ESRX +0.39%) gained over 1% in after-hours trading after it reported Q3 adjusted EPS of $1.74, above consensus of $1,73, and then raised the low end of its full-year adjusted EPS view to $6.36-$6.42 from a prior view of $6.33-$6.43.<\/span>
\n CH Robinson Worldwide (CHRW +0.45%) declined over 3% in after-hours trading after it reported Q3 EPS of 90 cents, below consensus of 96 cents.<\/span>
\n Owens-Illinois (OI -0.99%) rallied over 3% in after-hours trading after it raised the low end its full-year adjusted EPS view to $2.27-$2.32 from a July 27 view of $2.25-$2.35.<\/span>
\n Pandora Media (P -4.84%) fell 5% in after-hours trading after it lowered guidance on full-year revenue to $1.354 billion-$1.366 billion from a prior view of $1.385 billion-$1.405 billion.<\/span>
\n NCR Corp. (NCR -2.17%) rose over 3% in pre-market trading after it reported Q3 adjusted EPS of 87 cents, above consensus of 81 cents, and then raised its full-year adjusted EPS view to $2.97-$3.02 from a prior view of $2.90-$3.00.<\/span>
\n Diplomat Pharmacy (DPLO -0.24%) dropped over 5% in after-hours trading after President Gary Kadlec and CFO Sean Whelan said they will both step down on Dec 31.<\/span>
\n Gladstone Capital (GLAD -1.68%) slid over 3% in after-hours trading after it announced a common stock offering, although no size was given.<\/span>
\n Tuesday’s Key Earnings<\/strong>
\n 3M (NYSE:MMM) -3% cutting its guidance.
\n Apple (AAPL) -3.4% AH posting its first revenue decline in 15 years.
\n Baker Hughes (NYSE:BHI) +4.3% reporting a less-than-expected loss.
\n Caterpillar (NYSE:CAT) -1.8% after lowering its forecasts.
\n Chipotle (NYSE:CMG) -2.7% AH on slipping comparable store sales.
\n Corning (NYSE:GLW) -3.8% following soft revenues.
\n DuPont (NYSE:DD) -0.6% on a possible Dow merger delay.
\n Eli Lilly (NYSE:LLY) +0.4% following a soft quarter.
\n Freeport-McMoRan (NYSE:FCX) +3.5% swinging to a Q3 profit.
\n General Motors (GM) -4.2% on Brexit impact factors.
\n Lockheed Martin (LMT) +7.3% lifting its outlook.
\n Merck (NYSE:MRK) +2% after beating estimates.
\n Pandora (NYSE:P) -8.6% AH cutting its revenue forecast.
\n Panera Bread (NASDAQ:PNRA) -2% AH on strong comparable sales.
\n Procter & Gamble (NYSE:PG) +3.4% reporting underlying sales growth.
\n Sprint (NYSE:S) -6.1% despite better-than-expected earnings.
\n Under Armour (NYSE:UA) -13.2% warning of future growth.
\n United Tech (NYSE:UTX) +1.9% boosting its guidance.
\n Valero (NYSE:VLO) +4.8% after topping expectations.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 7:00 MBA Mortgage Applications
\n 8:30 International trade in goods
\n 9:45 PMI Services Index Flash
\n 10:00 New Home Sales
\n 10:30 EIA Petroleum Inventories
\n 11:30 Results of $15B, 2-Year FRN Auction
\n 1:00 PM Results of $34B, 5-Year Note Auction<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>
\nToday’s Earnings here<\/a><\/span>
\nOther<\/strong>…<\/span>
\ntoday’s upgrades\/downgrades<\/a> from briefing.com<\/span>
\nthis week’s Earnings<\/a><\/span>
\nthis week’s Economic Numbers<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning. Happy Wednesday. The Asian\/Pacific closed mostly down. Hong Kong, Australia, New Zealand and South Korea dropped more than 1%. India and Singapore were also weak. Europe is currently mostly weak. The Netherlands and Norway are down more than 1%; the UK, Germany, Belgium, Sweden, Switzerland, and the Czech Republic are also weak. Futures […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10005"}],"collection":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10005"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10005\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}