{"id":10023,"date":"2016-11-04T07:42:37","date_gmt":"2016-11-04T12:42:37","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10023"},"modified":"2016-11-04T07:42:37","modified_gmt":"2016-11-04T12:42:37","slug":"before-the-open-nov-4-5","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10023","title":{"rendered":"Before the Open (Nov 4)"},"content":{"rendered":"

Good morning. Happy Friday.<\/span>
\n The Asian\/Pacific<\/strong> markets closed with a lean to the downside. Indonesia did well; Japan, Australia, India and New Zealand were weak. Europe<\/strong> is currently down across-the-board. Austria, Turkey and the Czech Republic are down more than 2%; the UK, Denmark, Finland, Spain, Portugal and Sweden are down more than 1%; Germany, France, Belgium, the Netherlands, Norway and Italy are also weak. Futures in the States<\/strong> point towards a flat open for the cash market. <\/span>
\n—————
\n List of Indexes and ETFs – <\/strong> here<\/a>
\n—————<\/span>
\n The dollar is flat. Oil is down; copper is flat. Gold and silver are down. Bonds are up. <\/span>
\n Here are the employment numbers\u2026<\/span>
\n unemployment rate: 4.9% (was 5.0% last month)
\n nonfarm payrolls: +161K
\n private payrolls:
\n average workweek: unchanged at 34.4 hours
\n hourly wages: up 0.4% to $25.92
\n labor participation rate: 62.8% (up from 62.7%)<\/span><\/span><\/span><\/span><\/span><\/span>
\n August job gain increased from 167K to 176K.
\n September job gain increased from 156K to 191K.<\/span><\/span>
\n I don’t see anything for a swing trader to do right now. If you’re a day trader, you can do your thing. But otherwise it’s best to sit tight until things settle down after the election. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Monster Beverage (MNST -2.83%) dropped over 6% in pre-market trading after it reported Q3 EPS of 99 cents, weaker than consensus of $1.12.<\/span>
\n Starbucks (SBUX -2.28%) gained over 1% in pre-market trading after it reported Q4 adjusted EPS of 56 cents, higher than consensus of 55 cents<\/span>
\n Las Vegas Sands (LVS -1.48%) climbed over 3% in after-hours trading after it reported Q3 adjusted EPS of 72 cents, higher than consensus of 60 cents.<\/span>
\n Activision Blizzard (ATVI +1.81%) lost 1% in after-hours trading after it said it sees Q4 adjusted EPS of 74 cents, below consensus of 80 cents.<\/span>
\n Twilio (TWLO -4.54%) fell almost 3% in after-hours trading after it said it sees a full-year adjusted loss of -21 cents to -23 cents a share, a wider loss than consensus of -19 cents a share.<\/span>
\n Fossil Group (FOSL -4.00%) lost over 4% in after-hours trading after it reported Q3 comparable sales down -3%, weaker than consensus of -1.2%.<\/span>
\n GoPro (GPRO -7.01%) sank nearly 20% in after-hours trading after it reported a Q3 adjusted loss of -60 cents a share, wider than consensus of -36 cents, and then said it sees Q4 adjusted EPS of 25 cents-35 cents, below consensus of 42 cents.<\/span>
\n Lannet (LCI -26.60%) rallied over 5% in after-hours trading after it reported Q1 adjusted EPS of 77 cents, stronger than consensus of 71 cents.<\/span>
\n FireEye (FEYE -2.74%) jumped 15% in after-hours trading after it reported a Q3 adjusted loss of 18 cents a share, narrower than consensus of -31 cents, and then lowered its 2016 adjusted EPS loss estimate to -$1.14-$1.16 from an August 4 view of -$1.28-$1.32.<\/span>
\n Weight Watchers International (WTW -1.48%) climbed over 2% in after-hours trading after it reported Q3 EPS of 53 cents, higher than consensus of 45 cents, and then raised guidance on full-year EPS to 95 cents-$1.05 from an August 4 view of 90 cents-$1.05.<\/span>
\n El Pollo Loco Holdings (LOCO +1.67%) slid nearly 8% in after-hours trading after it reported Q3 revenue of $95.8 million, below consensus of $97.3 million, and then cut its high end full-year EPS estimate to 67 cents-68 vents from a prior view of 68 cents-72 cents.<\/span>
\n Herbalife Ltd. (HLF +1.12%) gained nearly 1% in after-hours trading after holder Carl Icahn boosted his stake in the company to 23.05% from 21.08%.<\/span>
\n Nanophononics (NPTN +0.97%) tumbled 16% in after-hours trading after it reported Q3 adjusted EPS of 6 cents, well below consensus of 14 cents, and then said it sees Q4 adjusted EPS of 13 cents-21 cents, weaker than consensus of 23 cents.<\/span>
\n Insulet (PODD -4.18%) jumped 15% in after-hours trading after it raised its fell-year revenue estimate to $362 million-$365 million from an August 3 estimate of $345 million-$355 million.<\/span>
\n MDC Partners (MDCA +0.60%) plunged over 20% in after-hours trading after it cut its full-year revenue view to $1.365 billion-$1.375 billion from a prior view of $1.39 billion-$1.42 billion, and then suspended its quarterly dividend.<\/span>
\n Thursday’s Key Earnings<\/strong>
\n Activision Blizzard (NASDAQ:ATVI) -5.5% with weak holiday guidance.
\n CBS (NYSE:CBS) on early explorations of a Viacom merger.
\n Chesapeake Energy (NYSE:CHK) +1.7% after a surprise Q3 profit.
\n EOG Resources (NYSE:EOG) +1.8% AH posting a smaller quarterly loss.
\n FireEye (NASDAQ:FEYE) +13.1% AH after Q3 soared over predictions.
\n GoPro (NASDAQ:GPRO) -18.8% AH as production issues hurt results.
\n Las Vegas Sands (NYSE:LVS) +3.1% AH improving Macau figures.
\n Kraft Heinz (NASDAQ:KHC) -1.2% AH following a dip in sales.
\n Starbucks (NASDAQ:SBUX) +1.4% AH on Q3 beat and dividend boost.
\n Twilio (NYSE:TWLO) +3.4% AH after topping expectations.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:30 Non-farm payrolls
\n 8:30 International Trade
\n 8:30 Fed’s Lockhart speech
\n 1:00 PM Baker-Hughes Rig Count
\n 4:00 PM Stanley Fischer speech<\/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 Friday. The Asian\/Pacific markets closed with a lean to the downside. Indonesia did well; Japan, Australia, India and New Zealand were weak. Europe is currently down across-the-board. Austria, Turkey and the Czech Republic are down more than 2%; the UK, Denmark, Finland, Spain, Portugal and Sweden are down more than 1%; Germany, […]<\/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\/10023"}],"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=10023"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10023\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}