{"id":10027,"date":"2016-11-07T08:37:53","date_gmt":"2016-11-07T13:37:53","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10027"},"modified":"2016-11-07T08:37:53","modified_gmt":"2016-11-07T13:37:53","slug":"before-the-open-nov-7-5","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10027","title":{"rendered":"Before the Open (Nov 7)"},"content":{"rendered":"

Good morning. Happy Monday. Hope you had a great weekend. <\/span>
\n The Asian\/Pacific<\/strong> markets closed up across the board. New Zealand rallied more than 2%; Japan, Australia and Taiwan did better than 1%; Hong Kong, India and South Korea also did well. Europe<\/strong> is currently posting across-the-board gains. The UK, Germany, France, Austria, the Netherlands, Sweden, Switzerland, Greece, Turkey, Finland, Spain, Italy and Portugal are up more than 1%. Futures in the States<\/strong> point towards a huge gap up open for the cash market. <\/span>
\n—————
\nLB Weekly<\/a> – the indexes, the breadth indicators, a look at the big picture
\n—————<\/strong><\/span>
\n The dollar is up. Oil and copper are up. Gold and silver are down. Bonds are down. <\/span>
\n It’s all about the election. I don’t have anything to add to the comments made over the weekend in the weekly report<\/a>. In it I concluded the election is the single biggest event we’ve had in years. Bigger than the first time the Fed raised rates. Bigger than the Brexit vote. Bigger than everything. <\/span>
\n I said a big move was coming. Wall Street doesn’t like uncertainty, and it doesn’t want a contested election. It wants a declared winner tomorrow night. If it happens, the market will surge. If it doesn’t, the market will tank. I don’t believe there will be any middle ground. We’ll move huge up or down. <\/span>
\n News trumps the charts, and this news item is bigger than anything we’ve had in many years. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n NetSuite (N -3.89%) surged 20% in pre-market trading after shareholders endorsed Oracle’s bid for the company<\/span>
\n Cummins (CMI +2.10%) was raised to ‘Buy’ at Evercore ISI with a price target of $133.<\/span>
\n Physicians Realty Trust (DOC +2.15%) was upgraded to ‘Strong Buy’ form ‘Marker Perform’ at Raymond James with a 12-month target price of $22.<\/span>
\n Hostess Brands (TWNK) was rated a new ‘Buy’ at SunTrust with a price target of $15.<\/span>
\n Macerich (MAC +0.72%) was upgraded to ‘Buy’ from ‘Neutral’ at Mizuho Securities with a target price of $84.<\/span>
\n Biogen (BIIG) was upgraded to ‘Overweight’ from ‘Neutral’ at Piper Jaffray with a 12-month target price of $335.<\/span>
\n Healthcare Trust of America (HTA +0.35%) was upgraded to ‘Outperform’ from ‘Market Perform’ at Raymond James with a 12-month target price of $33.<\/span>
\n Compass Point Research & Trading initiated a ‘Sell’ recommendation on Alliance Data Systems (ADS -0.12%) with a price target of $168.<\/span>
\n Berkshire Hathaway (BRK) reported Q3 operating EPS of $2,961, below consensus of $3,058.<\/span>
\n Knoll Capital reported a 6.1% passive stake in Abeona Therapeutics (ABEO -2.63%) .<\/span>
\n Total System Services (TSS +0.91%) fell nearly 1% in after-hours trading after the company said it is in talks with the FTC on a potential settlement over certain marketing practices with its NetSpend unit that was investigated by the FTC.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:30 Gallup US Consumer Spending Measure
\n 10:00 Labor market condition index
\n 12:30 PM TD Ameritrade IMX
\n 3:00 PM Consumer Credit<\/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 Monday. Hope you had a great weekend. The Asian\/Pacific markets closed up across the board. New Zealand rallied more than 2%; Japan, Australia and Taiwan did better than 1%; Hong Kong, India and South Korea also did well. Europe is currently posting across-the-board gains. The UK, Germany, France, Austria, the Netherlands, Sweden, […]<\/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\/10027"}],"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=10027"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10027\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}