{"id":10376,"date":"2017-04-11T07:47:09","date_gmt":"2017-04-11T12:47:09","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10376"},"modified":"2017-04-11T07:47:09","modified_gmt":"2017-04-11T12:47:09","slug":"before-the-open-apr-11-6","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10376","title":{"rendered":"Before the Open (Apr 11)"},"content":{"rendered":"

Good morning. Happy Tuesday.<\/span>
\n The Asian\/Pacific<\/strong> markets closed mixed. India and China did well; Hong Kong, South Korea and Taiwan were weak. Europe<\/strong> is currently mixed. The UK, the Czech Republic, Turkey, and Russia are doing well. Greece and Austria are weak. 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 down. Oil and copper are flat. Gold and silver are up. Bonds are up. <\/span>
\n The market continues to wear everyone down. The bulls are frustrated the indexes have been grinding in place for several months…and the range hasn’t seen tradeable ups and down. Instead there’s very little net change day to day. The bears, who have reasons to believe the next move will be down, aren’t exactly thrilled a long list a bearish reasons can be produced, yet the market just won’t crack. Sooner or later someone will blink…just not sure when or who. <\/span>
\n No big bets right now. Play it conservatively. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Sunoco LP (SUN +1.80%) was downgraded to ‘Neutral’ from ‘Buy’ at UBS.<\/span>
\n Knight Transportation (KNX +13.38%) was upgraded to ‘Buy’ from ‘Hold’ at Deutsche Bank with a price target of $40.<\/span>
\n American Tower (AMT +0.29%) was upgraded to ‘Buy’ from ‘Neutral’ at Guggenheim Securities with a 12-month target price of $135.<\/span>
\n Deere (DE +0.28%) was initiated with a ‘Buy’ recommendation by Stifel with a 12-month target price of $126.<\/span>
\n Crown Castle International (CCI +0.51%) was upgraded to ‘Buy’ from ‘Neutral’ at Guggenheim Securities with a 12-month target price of $101.<\/span>
\n Hub Group (HUBG +1.83%) may move lower today after it said in after-hours trading Monday that it sees 2017 EPS of $1.60 to $1.80, well below consensus of $2.39.<\/span>
\n Axovant Science (AXON +22.54%) dropped 5% in after-hours trading after it announced an underwritten public offering of $100 million of its common shares.<\/span>
\n Aurinia Pharmaceuticals (AUPH -0.71%) rose 4% in after-hours trading after it was initiated at Cantor Fitzgerald with an ‘Overweight’ recommendation with a 12-month target price of $14.<\/span>
\n Simulations Plus (SLP +3.59%) dropped over 8% in after-hours trading after it reported Q2 adjusted EPS of 7 cents, weaker than consensus of 8 cents.<\/span>
\n RetailMeNot (SALE unch) soared nearly 50% in after-hours trading after Harland Clarke said it will purchase RetailMeNot
\nfor $630 million or $11.60 a share, a 50% premium to Friday’s closing price.<\/span>
\n Seachange International (SEAC +2.08%) tumbled over 7% in after-hours trading after it said it sees Q1 revenue of $16 million-$18 million, below consensus of $21.1 million.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 6:00 NFIB Small Business Optimism Index
\n 8:55 Redbook Chain Store Sales
\n 10:00 Job Openings and Labor Turnover Survey
\n 1:00 PM Results of $20B, 10-Year Note Auction<\/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 mixed. India and China did well; Hong Kong, South Korea and Taiwan were weak. Europe is currently mixed. The UK, the Czech Republic, Turkey, and Russia are doing well. Greece and Austria are weak. Futures in the States point towards a down 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\/10376"}],"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=10376"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10376\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}