{"id":10280,"date":"2017-03-09T08:44:50","date_gmt":"2017-03-09T13:44:50","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10280"},"modified":"2017-03-09T08:44:50","modified_gmt":"2017-03-09T13:44:50","slug":"before-the-open-mar-9-6","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10280","title":{"rendered":"Before the Open (Mar 9)"},"content":{"rendered":"

Good morning. Happy Thursday.<\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly down. Hong Kong and Taiwan dropped more than 1%; Singapore, China, Malaysia and New Zealand were also weak. Europe<\/strong> currently leans to the downside. Russia is down more than 2%; Norway and Poland are down more than 1%; the UK, Italy and Austria are also weak. Spain and Belgium are doing well. Futures in the States<\/strong> point towards a down open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>There’s a Bull Market Somewhere<\/a>
\n—————<\/span>
\n The dollar is flat. Oil and copper are down. Gold and silver are down. Bonds are down. <\/span>
\n The market continues to slowly deteriorate. I say slowly because the weakness has been minor, yet the internals suggest things are much worse than they appear on the surface. <\/span>
\n Over the last 10 days the S&P has moved up 5 days and down 5 days and is approx. flat, yet the 10-day of the AD line is at its lowest level since early-November. <\/span>
\n New highs are at their lowest level in four months even though the market is less than 2% from its high. <\/span>
\n The Russell 2000 is one moderate down day from giving back all its gains on the year. <\/span>
\n The McClellan Oscillator has dropped to its lowest level since early 2016. This is supposed to happen after an extended move down, not a very minor drop off all-time highs. <\/span>
\n On the surface the S&P looks fine, but beneath the surface, the internals would tell us things are worse than what’s being reported by the main stream media. <\/span>
\n Be careful out there. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Tiffany & Co. (TIF +0.41%) was downgraded to ‘Sell’ from ‘Hold’ at SBG Securities with a 12-month target price of $90.<\/span>
\n Semtech (SMTC +2.39%) rallied 5% in after-hours trading after it reported Q4 adjusted EPS of 37 cents, better than consensus of 35 cents, and then said it sees Q1 adjusted EPS of 39 cents-43 cents, above consensus of 36 cents.<\/span>
\n Camping World Holdings (CWH +0.65%) slid 4% in after-hours trading after it reported Q4 revenue of $670 million, below consensus of $679.0 million.<\/span>
\n Sinclair Broadcast Group (SBGI -1.65%) slipped almost 2% in after-hours trading after it announced a public offering of 12.0 million shares of Class A common stock.<\/span>
\n Planet Fitness (PLNT +1.30%) lost 1% in after-hours trading after it announced a secondary offering of 15 million shares of Class A common stock.<\/span>
\n Comtech Telecommunications (CMTL +0.82%) rose 3% in after-hours trading after it said it sees full-year EPS of 68 cents, above consensus of 28 cents.<\/span>
\n Tech Data (TECD -4.19%) was upgraded to ‘Buy’ from ‘Hold’ at Needham & Co. with a 12-month target price of $107.<\/span>
\n elf Beauty (ELF -2.39%) surged 14% in after-hours trading after it reported Q4 adjusted EPS of 19 cents, higher than consensus of 13 cents, and then said it sees full-year net sales of $285 million-$295 million, better than consensus of $281.3 million.<\/span>
\n Tailored Brands (TLRD +1.08%) plunged over 25% in after-hours trading after it reported Q4 net sales of $793.3 million, weaker than consensus of $811.3 million, and then said its sees full-year EPS of $1.45-$1.75, well below consensus of $2.10.<\/span>
\n Bankrate (RATE +1.39%) dropped over 7% in after-hours trading after it reported Q4 adjusted EPS of 16 cents, below consensus of 19 cents.<\/span>
\n Amplify Snack Brands (BETR -4.18%) gained nearly 2% in after-hours trading after it reported Q4 net sales of $88,6 million, above consensus of $87.4 million, and said it sees 2017 net sales of $404 million-$420 million, above consensus of $404 million.<\/span>
\n BioCryst Pharmaceuticals (BCRX +8.38%) fell over 4% in after-hours trading after it began a public offering of $45 million in common stock.<\/span>
\n 21Vianet Group (VNET +0.71%) dropped 6% in after-hour trading after it reported a Q4 loss per ads of 60 cents.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 7:30 Challenger Job-Cut Report
\n 8:30 Initial Jobless Claims
\n 8:30 Gallup Good Jobs Rate
\n 8:30 Import\/Export Prices
\n 9:45 Bloomberg Consumer Comfort Index
\n 10:00 Quarterly Services Report
\n 10:30 EIA Natural Gas Inventory
\n 1:00 PM Results of $12B, 30-Year Note Auction
\n 4:30 PM Money Supply
\n 4:30 PM Fed Balance Sheet<\/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 Thursday. The Asian\/Pacific markets closed mostly down. Hong Kong and Taiwan dropped more than 1%; Singapore, China, Malaysia and New Zealand were also weak. Europe currently leans to the downside. Russia is down more than 2%; Norway and Poland are down more than 1%; the UK, Italy and Austria are also weak. […]<\/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\/10280"}],"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=10280"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10280\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}