{"id":10373,"date":"2017-04-10T07:43:16","date_gmt":"2017-04-10T12:43:16","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10373"},"modified":"2017-04-10T07:43:16","modified_gmt":"2017-04-10T12:43:16","slug":"before-the-open-apr-10-5","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10373","title":{"rendered":"Before the Open (Apr 10)"},"content":{"rendered":"

Good morning. Happy Monday. Hope you had a good weekend. <\/span>
\n The Asian\/Pacific<\/strong> market closed with a lean to the downside. Japan and Australia did well; China, South Korea and India were weak. Europe<\/strong> currently leans to the downside. Russia is down 2.1%; France, Hungary, Spain, Italy, Portugal and Switzerland are also weak. Turkey is up more than 2%; the Czech Republic and Denmark are doing well. Futures in the States<\/strong> point towards a positive 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 is up; copper is down. Gold and silver are down. Bonds are down. <\/span>
\n Last week was very quiet. Other than a move up Wednesday morning and move back down Wednesday afternoon, the range was tiny, and the closes were all within a short distance from one another.<\/span>
\n Overall the market is doing just fine, but in the near term it’s mixed and confused.<\/span>
\n This is not a time to place big bets. Recognizing an unfriendly environment and choosing to keep things low key is extremely important.<\/span>
\n Hopefully we’ll soon be given a friendlier environment, and we’ll be able to press a little.<\/span>
\n Until then, no big bets.<\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Amazon.com (AMZN -0.38%) was upgraded to ‘Buy’ from ‘Hold’ at Needham with a price target of $1,100.<\/span>
\n Skechers U.S.A (SKX -2.82%) was upgraded to ‘Neutral’ from ‘Negative’ at Susquehanna with a 12-month target price of $25.<\/span>
\n Tesla (TSLA +1.29%) gained nearly 2% in pre-market trading after it was upgraded to ‘Overweight’ from ‘Neutral’ at Piper Jaffray.<\/span>
\n Cypress Semiconductor (CY +3.11%) was upgraded to ‘Buy’ from ‘Hold’ at SunTrust Robinson Humphrey with a target price of $17.<\/span>
\n AMC Networks (AMCX +0.17%) was downgraded to ‘Neutral’ from ‘Overweight’ at Piper Jaffray.<\/span>
\n Pinnacle Foods (PF -0.70%) was upgraded to ‘Overweight’ from ‘Equal-Weight’ at Morgan Stanley.<\/span>
\n J.M. Smucker (SJM -0.03%) was downgraded to ‘Underweight’ from ‘Equal-Weight’ at Morgan Stanley.<\/span>
\n Ulta Beauty (ULTA -0.16%) was upgraded to ‘Buy’ from ‘Hold’ at Loop Capital Markets with a price target of $350.<\/span>
\n Wells Fargo (WFC -0.96%) was upgraded to ‘Neutral’ from ‘Underweight’ at Piper Jaffray with a 12-month target price of $55.<\/span>
\n Progressive (PGR +0.10%) was upgraded to ‘Outperform’ from ‘Market Perform’ at Keefe, Bruyette & Woods with a price target of $45.<\/span>
\n Host Hotels ({=HST was upgraded to ‘Neutral’ from ‘Sell’ at Goldman Sachs.<\/span>
\n Akorn (AKRX +18.04%) jumped 8% in after-hours trading after Fresenius SE said it is currently in discussions with Akorn for a potential purchase of the company.<\/span>
\n Ocean Power Technologies (OPTT +0.94%) dropped 7% in after-hours trading after it filed to sell 3.99 million shares of common stock.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 10:00 Labor market condition index
\n 12:30 PM TD Ameritrade IMX
\n 1:00 PM Results of $24B, 3-Year Note Auction
\n 4:10 PM Janet Yellen speech<\/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 Monday. Hope you had a good weekend. The Asian\/Pacific market closed with a lean to the downside. Japan and Australia did well; China, South Korea and India were weak. Europe currently leans to the downside. Russia is down 2.1%; France, Hungary, Spain, Italy, Portugal and Switzerland are also weak. Turkey is up […]<\/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\/10373"}],"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=10373"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10373\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}