{"id":10328,"date":"2017-03-24T07:48:51","date_gmt":"2017-03-24T12:48:51","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10328"},"modified":"2017-03-24T07:48:51","modified_gmt":"2017-03-24T12:48:51","slug":"before-the-open-mar-24-6","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10328","title":{"rendered":"Before the Open (Mar 24)"},"content":{"rendered":"

Good morning. Happy Friday.<\/span>
\n The Asian\/Pacific<\/strong> markets closed with a lean to the upside. China, Singapore, Japan and Australia led. Europe<\/strong> is currently mostly down. France, Belgium, Russia, Finland, and Greece are weakest. Futures in the States<\/strong> point towards a positive open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>LeavittBrothers.net Overview<\/a>
\n—————<\/span>
\n The dollar is down a small amount. Oil is up, copper is down. Gold is down, silver is up. Bonds are flat. <\/span>
\n If the market doesn’t post a big gain today, i’ll register its biggest weekly loss of the year and possibly biggest since the election. In the grand scheme of things it’s just a down week within a rock-solid up trend, but if you’re a shorter term trader, it’s not something you can just sit through. Individual positions must be managed. Given the warnings issued the last month, this isn’t a time to sit back and let things play out. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Adobe Systems (ADBE +0.52%) was upgraded to ‘Outperform’ from ‘Neutral’ at Credit Suisse with a price target of $150.<\/span>
\n FirstEnergy (FE -0.67%) was upgraded to ‘Buy’ from ‘Neutral’ at Goldman Sachs.<\/span>
\n Micron Technology (MU +1.57%) jumped over 10% in after-hours trading after it reported Q2 adjusted EPS of 90 cents, better than consensus of 86 cents, and then said it sees Q3 adjusted EPS of $1.43 to $1.57, well above consensus of 95 cents.<\/span>
\n Entergy (ETR +0.14%) was downgraded to ‘Neutral’ from ‘Buy’ at Goldman Sachs.<\/span>
\n Macy’s (M -0.35%) was downgraded to ‘Neutral’ from ‘Buy’ at Citigroup.<\/span>
\n Oxford Industries (OXM +1.85%) slumped nearly 10% in after-hours trading after it reported Q4 adjusted EPS continuing operations of 63 cents, well below consensus of 93 cents, and said it sees Q1 adjusted EPS of $1.00 to $1.10, below consensus of $1.35.<\/span>
\n KB Home (KBH +1.10%) gained over 1% in after-hours trading after it reported Q1 revenue of $818.6 million, better than consensus of $806.6 million.<\/span>
\n GameStop (GME -0.54%) tumbled 11% in after-hours trading after it said it sees full-year EPS of $3.10 to $3.40, weaker than consensus of $3.70.<\/span>
\n Mylan NV (MYL -0.24%) slid nearly 4% in after-hours trading after a person familiar with the process said that 44 million shares of Mylan stock were being offered via Morgan Stanley.<\/span>
\n Tronc (TRNC -1.72%) lost 1% in after-hours trading after holder Oaktree Tribune said it liquidated its 10.3% stake in the company.<\/span>
\n Quotient Ltd (QTNT -1.96%) climbed 5% in after-hours trading after it said the FDA licensed 8 of its blood typing reagent products for sale in the U.S., and said it expects the FDA to license 5 more of its blood typing products later this year.<\/span>
\n Ignyta (RXDX +5.33%) rose 3% in after-hours trading after it said it was exploring strategic options for its cancer treatment taladegib and amended a pact with Ely Lilly for its taladegib oncology program.<\/span>
\n Sportsmans’ Warehouse Holdings (SPWH +7.94%) sold-off 9% in after-hours trading after it reported Q4 net sales of $221.4 million, weaker than consensus of $227.6 million, and said it sees Q1 sales of $150 million to $155 million, below consensus of $163.8 million.<\/span>
\n Inventure Foods (SNAK +1.25%) surged 10% in after-hours trading after it sold its Fresh Frozen Foods to Pictsweet for $23.7 million.<\/span>
\n Thursday’s Key Earnings<\/strong>
\n Conagra Brands (NYSE:CAG) -0.3% as sales declined.
\n GameStop (NYSE:GME) -11.3% AH after weak guidance.
\n Micron (NASDAQ:MU) +10.3% AH on strong NAND demand.<\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:00 Fed’s Evans speech
\n 8:05 Fed’s Bullard speech
\n 8:30 Durable Goods
\n 9:45 PMI Composite Flash
\n 1:00 PM Baker-Hughes Rig Count<\/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 Friday. The Asian\/Pacific markets closed with a lean to the upside. China, Singapore, Japan and Australia led. Europe is currently mostly down. France, Belgium, Russia, Finland, and Greece are weakest. Futures in the States point towards a positive open for the cash market.<\/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\/10328"}],"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=10328"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10328\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}