{"id":10228,"date":"2017-02-14T08:51:57","date_gmt":"2017-02-14T13:51:57","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10228"},"modified":"2017-02-14T08:51:57","modified_gmt":"2017-02-14T13:51:57","slug":"before-the-open-feb-14-5","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10228","title":{"rendered":"Before the Open (Feb 14)"},"content":{"rendered":"

Good morning. Happy Tuesday.<\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly down. Japan and Singapore dropped more than 1%; Indonesia was also weak. Europe<\/strong> currently leans to the downside. Russia is down 1%; the Czech Republic, Turkey and Switzerland are also weak. Spain and Hungary are up. Futures in the States<\/strong> point towards a flat open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>LeavittBrothers.net Overview<\/a>
\n—————<\/span>
\n The dollar is down. Oil is up; copper is down. Gold and silver are up. Bonds are down. <\/span>
\n Except for the S&P 600, every index is at an all-time high. I sound like a broken record. The market’s trend resumed after the election, and the bears have had zero success taking control. The S&P’s longest losing streak is 4, and during that time the index dropped a grand total of 20 points. <\/span>
\n Yellen begins her semi-annual Congressional testimony today about 30 minutes after the open. I don’t expect fireworks, but given Trump’s anti-Fed comments, I do wonder if she takes this opportunity not only defend the Fed but also trade policies in general. <\/span>
\n The only side of the market to be on is the long side. Stick with the trend. Don’t get cute with your analysis. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Goldman Sachs Group (GS +1.46%) was downgraded to ‘Market Perform’ from ‘Market Outperform’ at Vining Sparks with a target price of $255.<\/span>
\n PulteGroup (PHM -0.46%) was upgraded to ‘Outperform’ from ‘Market Perform’ at FBR Capital Markets with a 12-month target price of $26.<\/span>
\n Hostess Brands (TWNK -1.75%) was rated a new ‘Strong Buy’ at CL King with a 12-month target price of $20.<\/span>
\n Quantena Communications (QTNA +3.82%) climbed 3% in after-hours trading after it reported Q4 adjusted EPS of 3 cents, better than consensus of 1 cent.<\/span>
\n Brookdale Senior Living (BKD -2.05%) slid 3% in after-hours trading after it reported Q4 revenue of $1.21 billion, less than consensus of $1.22 billion.<\/span>
\n Cornerstone OnDemand (CSOD -4.90%) rose 3% in after-hours trading after it reported Q4 billings of $156.3 million, higher than consensus of $135.5 million.<\/span>
\n Golar LNG Ltd (GLNG -1.97%) dropped 5% in after-hours trading after it announced a proposed offering of $350 million in convertible senior notes due 2022.<\/span>
\n PDF Solutions (PDFS -0.62%) rallied 6% in after-hours trading after it reported Q4 revenue of $28.4 million, above consensus of $28.3 million.<\/span>
\n Amkor Technology (AMKR +4.71%) tumbled nearly 10% in after-hours trading after it said it sees Q1 EPS of down -11 cents a share to up 5 cents, well below consensus of 14 cents.<\/span>
\n Chegg (CHGG +2.92%) lost over 1% in after-hours trading after it reported Q4 adjusted EPS of 10 cents, below consensus of 11 cents.<\/span>
\n Guidance Software (GUID +4.52%) climbed over 4% in after-hours trading after it reported Q4 adjusted EPS of 9 cents, above consensus of 6 cents.<\/span>
\n Hibbett Sports (HIBB -0.60%) slumped 14% in after-hours trading after it reported preliminary Q4 comparable sales unexpectedly fell -2.2%, weaker than expectations of up +1.3%, and then said it sees 2018 EPS at $2.65-$2.85, below consensus of $3.06.<\/span>
\n GigPeak (GIG +7.54%) jumped over 12% in after-hours trading after Integrated Devices said it will purchase the company for $250 million, or $3.08 a share.<\/span>
\n Monday’s Key Earnings<\/strong>
\n Noble Energy (NYSE:NBL) +1.3% AH following a strong Q4.
\n Teva Pharma (NYSE:TEVA) +5.6% after topping expectations.<\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 6:00 NFIB Small Business Optimism Index
\n 8:30 Producer Price Index
\n 8:50 Fed’s Lacker speech
\n 8:55 Redbook Chain Store Sales
\n 10:00 Yellen delivers semi-annual testimony
\n 1:00 PM Fed’s Kaplan: Monetary Policy<\/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 Tuesday. The Asian\/Pacific markets closed mostly down. Japan and Singapore dropped more than 1%; Indonesia was also weak. Europe currently leans to the downside. Russia is down 1%; the Czech Republic, Turkey and Switzerland are also weak. Spain and Hungary are up. 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\/10228"}],"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=10228"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10228\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}