{"id":10337,"date":"2017-03-28T07:50:52","date_gmt":"2017-03-28T12:50:52","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10337"},"modified":"2017-03-28T07:50:52","modified_gmt":"2017-03-28T12:50:52","slug":"before-the-open-mar-28-6","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10337","title":{"rendered":"Before the Open (Mar 28)"},"content":{"rendered":"

Good morning. Happy Tuesday.<\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly up. Japan, Singapore and Australia rallied more than 1%; India, Malaysia and Hong Kong also did well. Europe<\/strong> currently leans to the upside. Portugal is up more than 2%; Germany, Norway, the Czech Republic, Russia, Poland, Turkey, Hungary and Greece are doing well. Futures in the States<\/strong> point towards a down open for the cash market. <\/span>
\n—————
\nJoin our email list<\/a> – get technical research reports sent directly to you.<\/strong>
\n—————<\/span>
\n The dollar is flat. Oil is up, copper is down. Gold and silver are up. Bonds are up. <\/span>
\n The market is confused and doesn’t know what it wants to do right now. The indexes have been neutral going back 1-3 months. The indicators mostly point down, yet the bears can’t take control. They’ve had their opportunities, but the bulls are always able to step in salvage the situation. <\/span>
\n I get the feeling we have a quick move coming…that the market will either fall fast or suddenly rally hard. If the market chose the least-expected route, it would rally. Bearishness has grown a bunch lately, so a sudden jump would surprise the most number of people. <\/span>
\n Be careful out there. The near term is definitely not clear and obvious. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Darden Restaurants (DRI -1.47%) rallied nearly 4% in after-hours trading after it reported Q3 adjusted EPS continuing operations of $1.32, above consensus of $1.27.<\/span>
\n Red Hat (RHT -0.92%) climbed nearly 5% in after-hours trading after it reported Q4 revenue of $629 million, higher than consensus of $618.7 million.<\/span>
\n SYNNEX (SNX +1.18%) rose 2% in after-hours trading after it reported Q1 revenue of $3.52 billion, above consensus of $3.48 billion.<\/span>
\n Golden Ocean Group Ltd (GOGL -2.62%) was upgraded to ‘Overweight’ from ‘Underweight’ at Morgan Stanley with a price target of $10.<\/span>
\n Power Solutions International (PSIX +1.11%) soared over 40% in after-hours trading when it said China’s Weichai Power’s Weichai American unit will invest $60 million in the company through a combination of newly issued common shares and preferred share that will lift its stake in the company to 40.7%, which could climb to 51% if warrants are exercised.<\/span>
\n TESARO (TSRO -2.04%) jumped nearly 6% in after-hours trading after its Niraparib treatment for Ovarian Cancer was approved by the U.S. FDA.<\/span>
\n STORE Capital (STOR -1.05%) slipped 3% in after-hours trading after it announced that it had commenced an underwritten public offering of 7.6 million shares of its common stock.<\/span>
\n Deck Outdoor Corp. (DECK +0.41%) gained nearly 3% in after-hours trading after holder Red Mountain, the tenth largest shareholder, said the company should explore a sale.<\/span>
\n Editas Medicine (EDIT +7.42%) rose over 2% in after-hours trading after it was initiated a new ‘Buy’ at Chardan Capital Markets with a price target of $65.<\/span>
\n Selecta Biosciences (SELB -1.00%) surged 16% in after-hours trading after it reported Q4 revenue of $2.9 million versus $2.1 million y\/y and said it sees sufficient cash to fund operations into mid-2018.<\/span>
\n Hi-Crush Partners LP (HCLP +0.33%) rose 2% in after-hours trading after it was initiated a new ‘Buy’ at Guggenheim with a price target of $31.<\/span>
\n Evolent Health (EVH +1.92%) dropped nearly 5% in after-hours trading after it launched a secondary public offering of 7.5 million Class A common shares.<\/span>
\n Fairmount Santrol Holdings (FMSA -1.17%) climbed 3% in after-hours trading after it was initiated a ‘Buy’ at Guggenheim with a price target of $12.<\/span>
\n Monday’s Key Earnings<\/strong>
\n Darden (NYSE:DRI) +3.9% AH purchasing Cheddar’s Scratch Kitchen.
\n Red Hat (NYSE:RHT) +5.3% AH crossing a $3B bookings milestone.<\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n International trade in goods
\n 8:55 Redbook Chain Store Sales
\n 9:00 S&P Corelogic Case-Shiller Home Price Index
\n 10:00 Consumer Confidence
\n 10:00 Richmond Fed Mfg.
\n 10:00 State Street Investor Confidence Index
\n 12:45 PM Fed’s George speech
\n 1:00 PM Results of $26B, 5-Year Note Auction<\/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 Tuesday. The Asian\/Pacific markets closed mostly up. Japan, Singapore and Australia rallied more than 1%; India, Malaysia and Hong Kong also did well. Europe currently leans to the upside. Portugal is up more than 2%; Germany, Norway, the Czech Republic, Russia, Poland, Turkey, Hungary and Greece are 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\/10337"}],"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=10337"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10337\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}