{"id":10179,"date":"2017-01-26T08:41:33","date_gmt":"2017-01-26T13:41:33","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10179"},"modified":"2017-01-26T08:41:33","modified_gmt":"2017-01-26T13:41:33","slug":"before-the-open-jan-26-6","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10179","title":{"rendered":"Before the Open (Jan 26)"},"content":{"rendered":"

Good morning. Happy Thursday.<\/span>
\n The Asian\/Pacific<\/strong> markets closed up. Japan and Hong Kong rallied more than 1%; Indonesia, Malaysia and South Korea also did well. Europe<\/strong> leans to the upside. Russia is up 2.3%; Sweden, Poland, Turkey, Denmark and Switzerland are also doing well. Futures in the States<\/strong> point towards a flat or up open depending on which index you look at. <\/span>
\n—————
\n VIDEO: <\/strong>There’s a Bull Market Somewhere<\/a><\/strong>
\n—————<\/span>
\n The dollar is up. Oil is up; copper is down. Gold and silver are down. Bonds are down. <\/span>
\n The Dow hit 20K yesterday, and every index, except the Russell 2000 and S&P 600, moved to an all-time high. <\/span>
\n The AD line did well, but not great. We got a jump in new highs and a drop in the VIX is a new low. <\/span>
\n The trend is up…it’s been up. The “right” groups are leading and lagging. There isn’t much to dislike. <\/span>
\n Even if a top were to form, it’ll take time, so the only side of the market to be on is the long side. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Ebay (EBAY +0.80%) rallied 8% in after-hours trading after it reported Q4 adjusted continuing operations EPS of 54 cents, higher than consensus of 53 cents.<\/span>
\n Caterpillar (CAT +1.98%) is down 1.5% in pre-market-trading after it reported Q4 revenue of $9.57 billion, below consensus of $9.81 billion.<\/span>
\n McKesson (MCK +1.88%) sank 8% in after-hours trading after it reported Q3 revenue of $50.1 billion, below consensus of $50.5 billion, citing “weaker branded pharmaceutical pricing than anticipated.”<\/span>
\n Teradyne (TER +2.53%) climbed 5% in after-hours trading after it reported Q4 adjusted EPS of 32 cents, well above consensus of 22 cents, and said it sees Q1 adjusted EPS of 33 cents-40 cents, higher than consensus of 30 cents.<\/span>
\n Mattel (MAT +1.19%) tumbled 10% in after-hours trading after it reported Q4 adjusted EPS of 52 cents, well below consensus of 71 cents.<\/span>
\n Citrix Systems (CTXS +1.45%) dropped 4% in after-hours trading after it said it sees Q1 adjusted EPS of 93 cents-95 cents, below consensus of $1.19.<\/span>
\n United Rentals (URI +0.57%) jumped 8% in after-hours trading after it reported Q4 adjusted EPS of $2.67, higher than consensus of $2.30, and then said it will acquire NES Rentals Holdings II for $965 million.<\/span>
\n Varian Medical Systems (VAR +2.35%) fell 2% in after-hours trading after it reported Q1 adjusted EPS of 75 cents, weaker than consensus of $1.05, and said it sees Q2 adjusted EPS of 84 cents-90 cents, below consensus of $1.18.<\/span>
\n ServiceNow (NOW +2.85%) rallied 5% in after-hours trading after it reported Q4 adjusted EPS of 24 cents, higher than consensus of 23 cents, and then said it sees fiscal 2017 revenue of $1.82 billion-$1.85 billion, above consensus of $1.79 billion.<\/span>
\n Las Vegas Sands (LVS +1.23%) fell nearly 5% in after-hours trading after it reported Q4 net revenue of $3.08 billion, below consensus of $3.12 billion.<\/span>
\n Vertex Pharmaceuticals (VRTX +3.59%) rose over 1% in after-hours trading after it reported Q4 adjusted EPS of 35 cents, better than consensus of 30 cents.<\/span>
\n Western Digital (WDC +5.28%) gained almost 2% in after-hours trading after it said it sees Q3 adjusted EPS of $2.00-$2.10, well above consensus of $1.68.<\/span>
\n F5 Networks (FFIV +1.11%) slid over 4% in after-hours trading after it reported Q1 net revenue of $516 million, less than consensus of $516.8 million.<\/span>
\n Quality Systems (QSII +2.99%) rallied over 7% in after-hours trading after it reported Q3 revenue of $127.9 million. above consensus of $125.7 million.<\/span>
\n Weight Watchers International (WTW +1.09%) jumped 6% and Kraft Heinz (KHC +0.17%) gained almost 1% in after-hours trading after both companies announced a joint venture with Oprah Winfrey called Mealtime Stories that create a new line of food and donate 10% of profits to eradicate hunger.<\/span>
\n Wednesday’s Key Earnings<\/strong>
\n Abbott (NYSE:ABT) flat on in-line earnings.
\n AT&T (NYSE:T) +0.1% AH adding subs and branded smartphones.
\n Boeing (NYSE:BA) +4.2% seeing more plane deliveries.
\n eBay (NASDAQ:EBAY) +8.6% AH after rise in holiday sales.
\n Freeport-McMoRan (NYSE:FCX) -3.1% as copper output seen slowing.
\n Las Vegas Sands (NYSE:LVS) -4.2% AH pinched by tight margins.
\n Mattel (NASDAQ:MAT) -10.7% AH on a weak holiday quarter.
\n Qualcomm (QCOM) -3% AH overshadowed by global challenges.
\n United Technologies (NYSE:UTX) -0.6% after revenues fell short.
\n Western Digital (NYSE:WDC) -0.4% AH hit by recent charge.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:30 Initial Jobless Claims
\n 8:30 International trade in goods
\n 8:30 Chicago Fed National Activity Index
\n 9:45 Bloomberg Consumer Comfort Index
\n 9:45 PMI Services Index Flash
\n 10:00 New Home Sales
\n 10:00 Leading Indicators
\n 10:30 EIA Natural Gas Inventory
\n 11:00 Kansas City Fed Mfg Survey
\n 1:00 PM Results of $28B, 7-Year Note Auction
\n 4:30 PM Money Supply
\n 4:30 PM Fed Balance Sheet<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>
\nOther<\/strong>…<\/span>
\ntoday’s upgrades\/downgrades<\/a> from briefing.com<\/span>
\nthis week’s Earnings<\/a><\/span> from Morningstar
\nthis week’s Economic Numbers\/Reports<\/a><\/span> powered by ECONODAY<\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning. Happy Thursday. The Asian\/Pacific markets closed up. Japan and Hong Kong rallied more than 1%; Indonesia, Malaysia and South Korea also did well. Europe leans to the upside. Russia is up 2.3%; Sweden, Poland, Turkey, Denmark and Switzerland are also doing well. Futures in the States point towards a flat or up open […]<\/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\/10179"}],"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=10179"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10179\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}