{"id":10364,"date":"2017-04-05T07:44:50","date_gmt":"2017-04-05T12:44:50","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10364"},"modified":"2017-04-05T07:44:50","modified_gmt":"2017-04-05T12:44:50","slug":"before-the-open-apr-5-5","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10364","title":{"rendered":"Before the Open (Apr 5)"},"content":{"rendered":"

Good morning. Happy Wednesday.<\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly up. China and Taiwan rallied more than 1%; Hong Kong and Indonesia also did well. Europe<\/strong> is currently mostly up. Russia and Hungary are up more than 1%; Austria, Norway, Spain and Poland are also doing well. Finland is down. Futures in the States<\/strong> point towards a flat open for the cash market. <\/span>
\n—————
\n FREE 45-minute Webinar Thursday, April 6 -> click here<\/a> to register<\/strong>
\n—————<\/span>
\n The dollar is down a small amount. Oil and copper are up. Gold and silver are down. Bonds are down. <\/span>
\n The indexes remain mostly range bound and very uninteresting overall. There are pockets of strength, but we’re getting more mixed signals than anything. <\/span>
\n Oil stocks, which I talked about last week, are doing well. They’re the best place to be right now. <\/span>
\n Big-cap tech are doing well too – lots of new highs there. <\/span>
\n But overall there’s a lot of chopping and churning and a lack direction. <\/span>
\n Don’t force trades right now. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Panera Bread (PNRA -3.05%) jumped 13% in pre-market trading after JAB Holding said it will acquire Panera for about $7.5 billion.<\/span>
\n Exelon (EXC +0.89%) was downgraded to ‘Market Perform’ from ‘Outperform’ at Wells Fargo.<\/span>
\n Wynn Resorts Ltd (WYNN +0.34%) was upgraded to ‘Buy’ from ‘Hold’ at Argus with a price target of $135.<\/span>
\n Tenet Healthcare (THC -2.52%) was rated a new ‘Buy’ at Deutsche Bank with a price target of $28.<\/span>
\n Citigroup (C unch) was upgraded to ‘Outperform’ from ‘Market Perform’ at Keefe, Bruyette & Woods with a price target of $69.<\/span>
\n Wells Fargo & Co. (WFC -0.52%) was upgraded to ‘Outperform’ from ‘Market Perform’ at Keefe, Bruyette & Woods with a price target of $63.<\/span>
\n A Schulman (SHLM -0.33%) rallied over % in after-hours trading after it said it sees full-year revenue of $2.5 billion to $2.6 billion, above consensus of $2.44 billion.<\/span>
\n Sygenta AG (SYT +0.35%) rose nearly 1% in after-hours trading after China National Chemical Corp. won U.S. antitrust approval for its $43 billion takeover of Sygenta.<\/span>
\n New Relic (NEWR +0.30%) gained almost 2% in after-hours trading after it reported preliminary Q4 revenue of $73 million-$73.1 million, above a February 7 estimate of $71.3 million.<\/span>
\n Tenet Healthcare (THC -2.52%) gained nearly 1% in after-hour trading after it was rated a new ‘Buy’ at Deutsche Bank with a price target of $28.<\/span>
\n Adecoagro (AGRO unch) slipped 3% in after-hours trading after a block of 9 million shares was offered via Morgan Stanley at $11.20 to $11.30.<\/span>
\n Guidance Software (GUID +0.34%) was rated new ‘Overweight’ at Piper Jaffray with a 12-month price target of $8.50.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 7:00 MBA Mortgage Applications
\n 8:15 ADP Jobs Report
\n 8:30 Gallup U.S. Job Creation Index
\n 9:45 PMI Services Index
\n 10:00 ISM Non-Manufacturing Index
\n 10:30 EIA Petroleum Inventories
\n 2:00 PM FOMC minutes<\/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 Wednesday. The Asian\/Pacific markets closed mostly up. China and Taiwan rallied more than 1%; Hong Kong and Indonesia also did well. Europe is currently mostly up. Russia and Hungary are up more than 1%; Austria, Norway, Spain and Poland are also doing well. Finland is down. Futures in the States point towards […]<\/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\/10364"}],"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=10364"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10364\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}