{"id":10047,"date":"2016-11-18T08:36:00","date_gmt":"2016-11-18T13:36:00","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10047"},"modified":"2016-11-18T08:36:00","modified_gmt":"2016-11-18T13:36:00","slug":"before-the-open-nov-18-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10047","title":{"rendered":"Before the Open (Nov 18)"},"content":{"rendered":"

Good morning. Happy Friday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mixed. Japan, Singapore and New Zealand did well; China and Indonesia were weak. Europe<\/strong> is currently mixed and little changed. Greece, Sweden, Austria and Turkey are up; Italy, Spain, Belgium, Switzerland and the Czech Republic are down. Futures in the States<\/strong> point towards a flat open for the cash market. <\/span>
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\n The dollar is up a little. Oil is up; copper is flat. Gold and silver are down. Bonds are down. <\/span>
\n Last day of the week. It’s been a good one so far…pretty darn good considering last week was so good. <\/span>
\n The market isn’t pulling back. Heck, it’s not even pausing. It’s not letting sideline money in. I suspect this will continue to be the case. So many traders want to get long right now. Sorry. The market isn’t going to let you…and least not right now. <\/span>
\n The dollar continues its march higher. I’m not sure when it’ll become an issue, but at some point it will. Stronger dollar and higher rates at the same time? That’s a tough combination for companies…especially ones who have a lot of revolving debt. Here are the daily and weekly dollar charts. <\/span>
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\n I’m only intersted in the long side right now. The market should do well into the end of the year. More after the open. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Wells Fargo (WFC +1.57%) was downgraded to ‘Underperform’ from ‘Market Perform’ at BMO Capital Markets.<\/span>
\n Goldman Sachs Group (GS +1.63%) was upgraded to ‘Outperform’ from ‘Neutral’ at Macquarie Research with a 12-month target price of $245.<\/span>
\n Salesforce.com (CRM +2.56%) rallied over 5% in pre-market trading after it reported Q3 adjusted EPS of 24 cents, above consensus of 21 cents, and said it sees Q4 revenue between $2.267 billion-$2.277 billion, higher than consensus of $2.24 billion.<\/span>
\n Marvell Technology Group Ltd (MRVL -0.52%) jumped over 6% in after-hours trading after it reported Q3 adjusted EPS of 20 cents, well above consensus of 12 cents, and said it sees Q4 adjusted EPS between 17 cents-21 cents, higher than consensus of 13 cents.<\/span>
\n The Gap (GPS +0.92%) fell over 8% in pre-market trading after it reported Q3 comparable sales were down -3%.<\/span>
\n Ross Stores (ROST +2.62%) rallied over 3% in after-hours trading after it reported Q3 EPS of 62 cents, higher than consensus of 56 cents and raised guidance on full-year EPS to $2.78-$2.81 from an August 18 view of $2.69-$2.75.<\/span>
\n Applied Materials (AMAT +2.37%) lost almost 4% in after-hours trading after it said Q4 new orders fell -16% q\/q and backlog fell -7% q\/q to $4.58 billion.<\/span>
\n SolarCity (SCTY +2.87%) gained nearly 2% in after-hours trading after Tesla shareholders overwhelmingly approved the merger with SolarCIty by an 85% vote.<\/span>
\n Nuance Communications (NUAN +0.71%) rose over 1% in after-hours trading after it reported Q4 adjusted EPS of 41 cents, higher than consensus of 39 cents.<\/span>
\n Williams-Sonoma (WSM +3.29%) fell 4% in after-hours trading after it reported Q3 net revenue of $1.25 billion, below consensus of $1.26 billion.<\/span>
\n Sportsman’s Warehouse Holdings (SPWH +0.37%) climbed over 1% in after-hours trading after it raised its view on 2016 revenue to $789 million-$794 million, above consensus of $788.1 million.<\/span>
\n Post Holdings (POST +2.64%) gained almost 2% in after-hours trading after it reported Q4 adjusted EPS of 61 cents, higher than consensus of 44 cents.<\/span>
\n Synutra International (SYUT +2.27%) surged over 20% in after-hours trading after it agreed to a merger pact to go private with Beams Power Investment.<\/span>
\n Announcements and such here<\/a><\/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 mixed. Japan, Singapore and New Zealand did well; China and Indonesia were weak. Europe is currently mixed and little changed. Greece, Sweden, Austria and Turkey are up; Italy, Spain, Belgium, Switzerland and the Czech Republic are down. Futures in the States point towards a flat open for […]<\/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\/10047"}],"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=10047"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10047\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}