{"id":10232,"date":"2017-02-15T08:45:42","date_gmt":"2017-02-15T13:45:42","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10232"},"modified":"2017-02-15T08:45:42","modified_gmt":"2017-02-15T13:45:42","slug":"before-the-open-feb-15-5","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10232","title":{"rendered":"Before the Open (Feb 15)"},"content":{"rendered":"

Good morning. Happy Wednesday.<\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly up. Japan and Hong Kong rallied more than 1%; Australia and Taiwan also did well. Europe<\/strong> is currently mostly up, but gains are small. London, France, Hungary, Spain and Switzerland are doing the best. Greece is down 1.3%. Futures in the States<\/strong> point towards down open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>LeavittBrothers.net Overview<\/a>
\n—————<\/span>
\n The dollar is up. Oil and copper are down. Gold and silver are mixed and flat. Bonds are down. <\/span>
\n Except for the S&P 600, we got across-the-board new highs yesterday. <\/span>
\n The Energizer Bunny market keeps going and going. We still don’t have a 1% intraday move, but you can’t argue with the trend. You’re either aggressively long (all in) or conservatively long (long, but not all in). No way you should be short. <\/span>
\n I’ve said it many times, more money is lost not fully taking advantage of an obvious uptrend<\/a> than by losses themselves. <\/span>
\n The market will correct at some point, and when it does the dip will be buyable. I don’t see long term deterioration taking place, so a top is not in the cards right now. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Under Armour (UA +4.08%) was downgraded to ‘Negative’ from ‘Positive’ at Susquehanna Financial with its price target cut to $14 from $24.<\/span>
\n Agilent Technologies (A -0.26%) rose 4% in after-hours trading after it reported Q1 adjusted EPS continuing operations of 53 cents, above consensus of 49 cents, and said it sees full-year revenue of $4.33 billion-$4.35 billion, higher than consensus of $4.33 billion<\/span>
\n Procter & Gamble (PG -0.51%) climbed 3% in after-hours trading after Trian Fund Management LP said it added the company to its investments in Q4.<\/span>
\n American International Group (AIG +1.13%) dropped over 4% in after-hours trading after it reported a Q4 operating loss of -$2.72 a share, much weaker than consensus of 42 cents EPS.<\/span>
\n Devon Energy (DVN +1.50%) gained over 1% in after-hours trading after it reported Q4 core EPS of 25 cents, above consensus of 21 cents.<\/span>
\n Express Scripts Holding Co. (ESRX +0.48%) fell over 1% in after-hours trading after it reported Q4 revenue of $24.9 billion, below consensus of $26.3 billion, and said it sees Q1 adjusted EPS of $1.30-$1.34, weaker than consensus of $1.36.<\/span>
\n Southwest Airlines (LUV -0.75%) rose over 1% in after-hours trading after Berkshire Hathaway said it added the company to its investments in Q4.<\/span>
\n American Airlines Group (AAL -1.77%) gained 2% in after-hours trading after Berkshire Hathaway boosted its stake in the company to 8.79% from 4.2%.<\/span>
\n Diamondback Energy (FANG +3.24%) gained almost 1% in after-hours trading after it reported Q4 adjusted EPS of 90 cents, well above consensus of 53 cents.<\/span>
\n Fossil Group (FOSL -0.48%) sank 12% in after-hours trading after it reported Q4 EPS of $1.03, below consensus of $1.17, and said it sees a Q1 adjusted loss of -10 cents to -25 cents a share, well below consensus of a 7-cent gain.<\/span>
\n SolarEdge Technologies (SEDG +7.43%) jumped nearly 6% in after-hours trading after it said it sees Q3 revenue of $110 million-$120 million, better than consensus of $108.4 million.<\/span>
\n Potbelly (PBPB -2.64%) rose almost 3% in after-hours trading after it reported Q4 adjusted EPS of 15 cents, over double consensus of 7 cents.<\/span>
\n LendingClub (LC -1.20%) slid over 6% in after-hours trading after it said it sees Q1 net revenue of $117 million-$122 million, less than consensus of $133.2 million.<\/span>
\n NetScout Systems (NTCT -0.27%) gained 1% in after-hours trading after ValueAct Holdings LP said it added the stock to its investments.<\/span>
\n Seacoast Banking (SBCF -0.87%) dropped 4% in after-hours trading after it announced an underwritten public offering of its common stock, although no amount was given.<\/span>
\n Trupanion (TRUP +0.18%) slumped 15% in after-hours trading after it reported Q4 adjusted Ebitda of $302,000, well below consensus of $458,800.<\/span>
\n Tuesday’s Key Earnings<\/strong>
\n AIG (NYSE:AIG) -4.5% AH due to a large reserve charge.
\n Devon Energy (NYSE:DVN) +1% AH beating expectations.
\n LendingClub (NYSE:LC) -6.5% AH plagued by its scandal.
\n T-Mobile (NASDAQ:TMUS) +1.2% after topping estimates.<\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 7:00 MBA Mortgage Applications
\n 8:30 Consumer Price Index
\n 8:30 Retail Sales
\n 8:30 Empire State Mfg Survey
\n 9:15 Industrial Production
\n 10:00 Atlanta Fed’s Business Inflation Expectations
\n 10:00 Business Inventories
\n 10:00 NAHB Housing Market Index
\n 10:00 Yellen testifies before House Financial Services
\n 10:30 EIA Petroleum Inventories
\n 12:00 PM Fed’s Rosengren speech
\n 12:45 PM Fed’s Harker: Economic Outlook
\n 4:00 PM Treasury International Capital<\/span><\/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 Wednesday. The Asian\/Pacific markets closed mostly up. Japan and Hong Kong rallied more than 1%; Australia and Taiwan also did well. Europe is currently mostly up, but gains are small. London, France, Hungary, Spain and Switzerland are doing the best. Greece is down 1.3%. Futures in the States point towards down 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\/10232"}],"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=10232"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10232\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}