{"id":10250,"date":"2017-02-27T08:44:56","date_gmt":"2017-02-27T13:44:56","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10250"},"modified":"2017-02-27T08:44:56","modified_gmt":"2017-02-27T13:44:56","slug":"before-the-open-feb-27-5","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10250","title":{"rendered":"Before the Open (Feb 27)"},"content":{"rendered":"

Good morning. Happy Monday. Hope you had a good weekend. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly down, but losses were minimal. Japan, China and South Korea fell the most. Europe<\/strong> currently leans to the downside. Russia is down more than 1%; Austria, Portugal and Sweden are also weak. Hungary and Italy are doing well. Futures in the States<\/strong> point towards a down open for the cash market. <\/span>
\n—————
\n Subscribe to <\/strong>LB Weekly<\/a> – it’s only $149\/year.
\n—————<\/span>
\n The dollar is flat. Oil is up; copper is flat. Gold is down; silver is up. Bonds are down. <\/span>
\n The S&P rallied 4 of 5 days last week, and all the indexes registered all-time highs. There is no arguing the primary trend is up, but in the near term more cracks are showing. <\/span>
\n Utilities are now leading – not a characteristic of an up-trending market. And some indicators, although at healthy levels, are starting to put in negative divergences. <\/span>
\n I’m fully on board with the long term trend remaining in place, but I’m less confident when only looking out a couple weeks.<\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Reynolds American (RAI -0.08%) was downgraded to ‘Market Perform’ from ‘Outperform’ at Wells Fargo Securities.<\/span>
\n Carnival Cruise Lines (CCL +0.20%) was upgraded to ‘Buy’ from ‘Hold’ at Argus with a price target of $64.<\/span>
\n Tesla (TSLA +0.39%) was downgraded to ‘Sell’ from ‘Neutral’ at Goldman Sachs with a price target of $185.<\/span>
\n Sina Corp China (SINA +4.35%) was downgraded to ‘Neutral’ from ‘Accumulate’ at GuoTai JunAn with a target price of $74.<\/span>
\n Illumina (ILMN -0.63%) was upgraded to ‘Buy’ from ‘Hold’ at Evercore ISI with a price target of $190.<\/span>
\n Hanesbrands (HBI +2.20%) was downgraded to ‘Equal-Weight’ from ‘Overweight’ at Morgan Stanley.<\/span>
\n Terex (TEX +1.47%) was upgraded to ‘Buy’ from ‘Hold’ at Deutsche Bank.<\/span>
\n Urban Outfitters (URBN +2.21%) was downgraded to ‘Sell’ from ‘Neutral’ at MKM Partners.<\/span>
\n Merck (MRK +0.47%) said its V212 investigational inactivated varicella zoster virus for prevention of shingles met its primary endpoint in a Phase 3 shingles study.<\/span>
\n Raytheon (RTN +0.12%) gained nearly 1% in after-hours trading after it received a $1.07 billion contract from the U.S. Air Force.<\/span>
\n Earthlink (ELNK -3.76%) climbed over 3% in after-hours trading after it disclosed in a regulatory filing that shareholders approved an agreement and plan of merger with Windstream.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:30 Durable Goods
\n 10:00 Pending Home Sales
\n 10:30 Dallas Fed Manufacturing Survey<\/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 Monday. Hope you had a good weekend. The Asian\/Pacific markets closed mostly down, but losses were minimal. Japan, China and South Korea fell the most. Europe currently leans to the downside. Russia is down more than 1%; Austria, Portugal and Sweden are also weak. Hungary and Italy are doing well. Futures in […]<\/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\/10250"}],"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=10250"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10250\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}