{"id":10240,"date":"2017-02-21T08:49:46","date_gmt":"2017-02-21T13:49:46","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10240"},"modified":"2017-02-21T08:49:46","modified_gmt":"2017-02-21T13:49:46","slug":"before-the-open-feb-21-4","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10240","title":{"rendered":"Before the Open (Feb 21)"},"content":{"rendered":"

Good morning. Happy Tuesday. Hope you had a good weekend. <\/span>
\n The Asian\/Pacific<\/strong> markets closed flat. Japan, China and South Korea moved up; Hong Kong, Indonesia and Malaysia moved down. Europe<\/strong> is currently mostly up. Greece and Poland are up more than 1%; Germany, Norway, Sweden, Portugal and Russia are also doing well. Futures in the States point towards a positive 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 up. Gold and silver are down. Bonds are down. <\/span>
\n The S&P is in the midst of an “11 out of 13” win streak, and Friday’s close was its highest close ever. In fact all the indexes (except the S&P 600 small caps) hit new highs last week. <\/span>
\n Per some stats I gave in the report posted over the weekend<\/a>, the market’s strength is well supported. Besides the indexes, the groups and individual stocks<\/a> are doing very well. This isn’t a case where the indexes are masking trouble behind the scenes. <\/span>
\n Yes the market will correct at some point, but for now the trend is up and strong and dips should be bought. Don’t over-analyze. Don’t fight this. More money is lost not riding trends than by loses themselves. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Wal-Mart (WMT +0.73%) rose 2% in pre-market trading after it reported Q4 adjusted EPS of $1.30, above consensus of $1.29, as it said Q4 comparable sales were up +1.8%, higher than consensus of up +1.3%.<\/span>
\n Colgate-Palmolive (CL +4.32%) was upgraded to ‘Outperform’ from ‘Neutral at Exane BNP Paribas with a price target of $90.<\/span>
\n Dick’s Sporting Goods (DKS +2.66%) was downgraded to ‘Market Perform’ form ‘Outperform’ at Oppenheimer.<\/span>
\n Henry Schein (HSIC +0.51%) reported Q4 adjusted EPS of $1.88, better than consensus of $1.84.<\/span>
\n Avangrid (AGR +0.32%) reported Q4 operating revenue of $1.49 billion, below consensus of $1.55 billion.<\/span>
\n Verizon Communications (VZ +1.51%) was upgraded to ‘Buy’ from ‘Neutral’ at MoffetNathanson with a price target of $54.<\/span>
\n Freeport-McMoRan (FCX -1.06%) was downgraded to ‘Sell’ from ‘Hold’ at Deutsche Bank.<\/span>
\n Eaton Vance (EV +0.35%) was upgraded to ‘Neutral’ from ‘Underperform’ at Bank of America\/Merrill Lynch.<\/span>
\n Credit Acceptance Corp. (CACC -5.14%) authorized an additional 1 million shares to its stock repurchase program.<\/span>
\n Sucampo Pharmaceuticals (SCMP +0.43%) jumped nearly 6% in after-hours trading after it was announced that it will replace Blue Nile in the S&P SmallCap 600 at the open of trade Thursday, February 23.<\/span>
\n DryShips (DRYS +2.76%) plunged 20% in after-hours trading after it entered into a pact with Kalani Investments where DryShips may sell up to $200 million of stock to Kalani over a period of 2-years.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 9:45 PMI Manufacturing Index Flash
\n 12:.00 PM Fed’s Harker: Economic Outlook
\n 1:00 PM Results of $26B, 2-Year Note Auction<\/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. Hope you had a good weekend. The Asian\/Pacific markets closed flat. Japan, China and South Korea moved up; Hong Kong, Indonesia and Malaysia moved down. Europe is currently mostly up. Greece and Poland are up more than 1%; Germany, Norway, Sweden, Portugal and Russia are also doing well. Futures in the […]<\/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\/10240"}],"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=10240"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10240\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}