{"id":10236,"date":"2017-02-17T08:56:50","date_gmt":"2017-02-17T13:56:50","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10236"},"modified":"2017-02-17T08:56:50","modified_gmt":"2017-02-17T13:56:50","slug":"before-the-open-feb-17-6","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10236","title":{"rendered":"Before the Open (Feb 17)"},"content":{"rendered":"

Good morning. Happy Friday. Happy Options Expiration Day. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly down. Japan, China and Indonesia were weakest. Europe<\/strong> is currently mostly down. France, Spain, Italy and Norway are down more than 1%. Germany, Austria, Belgium, Poland, Denmark, Finland and Russia are also weak. Futures in the States<\/strong> point towards a moderate gap 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 is up, silver down. Bonds are up. <\/span>
\n The market’s overall trend remains rock solid, but given the gains in place, entering new positions here comes with added risk. The risk\/reward isn’t what it was just a couple weeks ago. <\/span>
\n If you’re a long term trader, stay the course – no reason to panic just because the market is due for a rest. <\/span>
\n If you’re shorter term, manage positions wisely. <\/span>
\n The big money has been made recently by sitting and doing nothing while the market has floated up (the Jesse Livermore quote below comes to mind.) But it’s time to play a more active role. <\/span>
\n\"\"
\n Long term I like the market a lot. Shorter term we need to be a little more careful.<\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Avis Budget Group (CAR -12.05%) was downgraded to ‘Neutral’ from ‘Outperform’ at Credit Suisse with a target price of $38.<\/span>
\n DaVita (DVA -0.29%) gained almost 2% in after-hours trading after it reported Q4 adjusted EPS of 98 cents, higher than consensus of 90 cents<\/span>
\n Arista Networks (ANET -0.50%) rallied 9% in after-hours trading after it reported Q4 adjusted EPS of $1.04, better than consensus of 82 cents, and said it sees Q1 revenue of $320 million-$330 million, above consensus of $304.2 million.<\/span>
\n Nu Skin Enterprises (NUS +0.25%) slumped 7% in after-hours trading after it reported Q4 EPS of 69 cents, below consensus of 80 cents, and said it sees Q1 EPS of 47 cents-51 cents, weaker than consensus of 55 cents.<\/span>
\n Brookdale Senior Living (BKD +0.98%) gained 1% in after-hours trading after Dow Jones reported that Ventas was in talks to buy all or part of the company.<\/span>
\n WebMD Health (WBMD +0.39%) rose nearly 3% in after-hours trading after it reported Q4 EPS of 73 cents, better than consensus of 67 cents, and said it is exploring strategic alternatives for the company.<\/span>
\n Trade Desk (TTD +5.34%) gained over 2% in after-hours trading after it reported Q4 adjusted EPS of 33 cents, above consensus of 22 cents, and said it sees 2017 revenue of $270 million, higher than consensus of $247.1 million.<\/span>
\n Lennox International (LII +5.27%) fell 3% in after-hours trading after it cancelled out of the Barclays conference in Miami next week, citing back surgery to the CFO.<\/span>
\n Cohu (COHU +2.02%) jumped 9% in after-hours trading after it reported Q4 adjusted EPS of 24 cents, well above consensus of 9 cents.<\/span>
\n Impinj (PI -3.10%) dropped 7% in after-hours trading after it said it sees a Q1 adjusted profit of 1 cent to a loss of -6 cents, weaker than consensus for a profit of 2 cents.<\/span>
\n Cognex (CGNX +0.70%) rallied over 4% in after-hours trading after it reported Q4 EPS continuing operations of 43 cents, better than consensus of 29 cents.<\/span>
\n Allscripts Healthcare Solutions (MDRX -0.08%) lost 2% in after-hours trading after it reported Q4 adjusted EPS of 14 cents, below consensus of 15 cents.<\/span>
\n TrueCar (TRUE -0.67%) surged 13% in after-hours trading after it said it sees 2017 revenue of $315 million-$320 million, higher than consensus of $308.6 million.<\/span>
\n Airgain (AIRG -4.78%) climbed over 6% in after-hours trading after it reported Q4 EPS of 12 cents, better than consensus of 10 cents.<\/span>
\n Flowserve (FLS -0.76%) slid 4% in after-hours trading after it said it sees 2017 adjusted EPS of $1.55-$1.85, weaker than consensus of $2.13.<\/span>
\n TimkenSteel (TMST +1.49%) rose 6% in after-hours trading after it said it sees improving sentiment across all markets and expects Q1 shipments to be up +40% q\/q.<\/span>
\n Cytokinetics (CYTK -1.31%) jumped over 8% in after-hours trading after it reported Q4 revenue of $33.1 million, double expectations of $16.3 million.<\/span>
\n Thursday’s Key Earnings<\/strong>
\n Duke Energy (NYSE:DUK) +2.8% following in-line earnings.
\n WebMD (NASDAQ:WBMD) +3.8% AH pursuing strategic options.<\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 10:00 E-Commerce Retail Sales
\n 10:00 Leading Indicators
\n 1:00 PM Baker-Hughes Rig Count<\/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 Friday. Happy Options Expiration Day. The Asian\/Pacific markets closed mostly down. Japan, China and Indonesia were weakest. Europe is currently mostly down. France, Spain, Italy and Norway are down more than 1%. Germany, Austria, Belgium, Poland, Denmark, Finland and Russia are also weak. Futures in the States point towards a moderate gap […]<\/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\/10236"}],"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=10236"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10236\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}