{"id":10118,"date":"2016-12-27T08:45:02","date_gmt":"2016-12-27T13:45:02","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10118"},"modified":"2016-12-27T08:45:02","modified_gmt":"2016-12-27T13:45:02","slug":"before-the-open-dec-27-5","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10118","title":{"rendered":"Before the Open (Dec 27)"},"content":{"rendered":"

Good morning. Happy Tuesday. Hope you had a great weekend. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly up. India and Indonesia moved up more than 1%; Singapore also did well. Hong Kong, Australia and New Zealand were closed. Europe<\/strong> is currently mostly up. Greece is up more than 1%; Norway, Switzerland, Sweden, Belgium, Hungary and Portugal are also doing well. Futures in the States<\/strong> point towards a flat open for the cash market. <\/span>
\n—————
\nFEEE Ebook<\/a> – Safe Bets: Keeping the Odds in Your Favor
\n—————<\/strong><\/span>
\n The dollar is up. Oil is up; copper is down. Gold and silver are up. Bonds are down. <\/span>
\n Quick reminder of what the market has been doing lately: The indexes have been stuck in a range for two weeks. This has followed across-the-board all-time highs and some very good action from many of the important groups. <\/span>
\n\"\"
\n I don’t have anything to add to the comments made in LB Weekly<\/a>, published over the weekend. Overall things look good, but I look for a mini correction to play out in the next few weeks or at least a continuation of the current churning action to allow the indicators to cycle and the charts to reset. Then I expect more new highs. My S&P price target (2300-2400), which I set last summer, remain in place. Odds favor a continuation of the trend rather than a trend change, and for now I have no reason to abandon my expectations. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Disney (DIS -0.26%) may move to the upside in today’s trading after its ‘Rogue One’ movie was the number one movie seen over the weekend according to ComScore.<\/span>
\n Lions Gate Entertainment (LGF +4.40%) was initiated with a ‘Buy’ at Argus Research with a 12-month price target of $34.<\/span>
\n Ritchie Bros. Auctioneers (RBA +2.21%) was downgraded to ‘Market Perform’ from ‘Outperform’ at Raymond James.<\/span>
\n Sotheby’s (BID +1.84%) was rated a new ‘Buy’ at Sidoti & Company with a 12-month target price of $54.<\/span>
\n Hologic’s (HOLX +0.65%) received U.S. FDA approval for commercial distribution of its HIV-1 test.<\/span>
\n MacroGenics (MGNX +6.59%) was granted orphan drug status by the U.S. FDA for its Cd123 X drug in treatment of acute myeloid leukemia.<\/span>
\n Shire (SHPG +1.43%) said the U.S. FDA approved its hemophilia therapy of Adynovate in pediatric patients under 12 years old and for use in surgical settings for adult patients.<\/span>
\n International Value Advisers cut its stake in DeVry Education Group (DV +0.47%) to 7.0% from 8.5%.<\/span>
\n Point72 Asset Management cut its stake in Whiting Petroleum (WLL +0.32%) to 1.9% from 5.7%.<\/span>
\n Protalix Biotherapeutics (PLX unch) jumped 8% in pre-market trading after it received a $24.3 million order for its alfataligilicerase drug to treat Gaucher patients in Brazil by the Brazilian Ministry of Health.<\/span>
\n Thursday’s Key Earnings<\/strong>
\n ConAgra (NYSE:CAG) +3.4% on better-than-expected profit.
\n Rite Aid (NYSE:RAD) -0.4% facing pharmacy pressure.<\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 9:00 S&P Corelogic Case-Shiller Home Price Index
\n 10:00 Richmond Fed Mfg.
\n 10:00 Consumer Confidence
\n 10:00 State Street Investor Confidence Index
\n 10:30 Dallas Fed Manufacturing Survey
\n 1:00 PM Results of $26B, 2-Year Note Auction<\/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 Tuesday. Hope you had a great weekend. The Asian\/Pacific markets closed mostly up. India and Indonesia moved up more than 1%; Singapore also did well. Hong Kong, Australia and New Zealand were closed. Europe is currently mostly up. Greece is up more than 1%; Norway, Switzerland, Sweden, Belgium, Hungary and Portugal are […]<\/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\/10118"}],"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=10118"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10118\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}