{"id":10380,"date":"2017-04-12T07:47:45","date_gmt":"2017-04-12T12:47:45","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10380"},"modified":"2017-04-12T07:47:45","modified_gmt":"2017-04-12T12:47:45","slug":"before-the-open-apr-12-6","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10380","title":{"rendered":"Before the Open (Apr 12)"},"content":{"rendered":"

Good morning. Happy Wednesday.<\/span>
\n The Asian\/Pacific<\/strong> markets closed mixed. Hong Kong, Malaysia and Singapore did well; Japan, China and India did not. Europe<\/strong> is currently mixed. Norway, Stockholm, Turkey, Denmark, Finland, Hungary and Greece are up; Russia, Spain, Italy and the Czech Republic are down. 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 flat. Oil is up, copper is down. Gold and silver are up. Bonds are mixed and flat. <\/span>
\n Yesterday the market was weak early but then rallied to recapture some or all of the losses (depending on which index you looked at). The Dow closed above its 50-day MA for the 107th consecutive time (it looked like the streak would be broken early in the day). <\/span>
\n Overall the market remains neutral, range bound and very uninteresting. Oil stocks have perked up, and gold\/silver remain in play. Otherwise I don’t see strong trends to play. Financials are below their flat 50-day. Semiconductors closed below their 50-day yesterday for the first time in several months. Healthcare is unchanged going back to the end of February. <\/span>
\n The market is in a holding pattern and not very interested in doing anything. No big bets right now. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n PayPay Holdings (PYPL -0.84%) was downgraded to ‘Sell’ from ‘Buy’ at National Bank AG.<\/span>
\n Delta Air Lines (DAL +0.71%) climbed nearly 3% in pre-market trading after it reported Q1 adjusted EPS of 77 cents, higher than consensus of 75 cents<\/span>
\n Whole Foods Markets (WFM -1.81%) rose 4% in pre-market trading after a person with knowledge of the situation said that Amazon.com pursued a possible purchase of Whole Foods last fall.<\/span>
\n Adobe Systems (ADBE -0.16%) was initiated at Stifel with a recommendation of ‘Buy’ with a price target of $150.<\/span>
\n Tractor Supply (TSCO +0.09%) fell 3% in after-hours trading after it said it sees preliminary Q1 EPS of 35 cents-46 cents, below consensus of 53 cents.<\/span>
\n NuStar Energy (NS +0.10%) dropped nearly 7% in after-hours trading after it said it will offer 10.5 million common units to fund its $1.475 billion purchase of Navigator Energy Services LLC.<\/span>
\n Healthcare Services Group (HCSG +1.93%) rose almost 5% in after-hours trading after it reported Q1 EPS of 30 cents, higher than consensus of 29 cents.<\/span>
\n Talend (TLND +0.35%) was initiated at Pacific Crest Securities with a recommendation of ‘Overweight’ with a 12-month target price of $38.<\/span>
\n Great Western Banc (GWB +2.04%) was initiated at D.A. Davidson with recommendation of ‘Buy’ with a 12-month target price of $50.<\/span>
\n AllianceBernstein (AB -1.54%) was upgraded to ‘Outperform’ from ‘Market Perform’ at Keefe, Bruyette & Woods with a price target of $26.<\/span>
\n Tonix Pharmaceuticals (TNXP +7.21%) added another 4% gain in after-hours trading on top of Tuesday’s 7% gain after the FDA said that a single study NDA approval of its TNX-102 SL for treatment of post-traumatic stress disorder could be possible, bases on statistically persuasive data from its ongoing study.<\/span>
\n Organovo Holdings (ONVO +0.66%) slid 6% in after-hours trading after CEO Keith Murphy stepped down and Taylor Crouch was named new CEO effective April 21.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 7:00 MBA Mortgage Applications
\n 8:30 Import\/Export Prices
\n 10:00 Atlanta Fed’s Business Inflation Expectations
\n 10:30 EIA Petroleum Inventories
\n 1:00 PM Results of $12B, 30-Year Note Auction
\n 2:00 PM Treasury Budget<\/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 mixed. Hong Kong, Malaysia and Singapore did well; Japan, China and India did not. Europe is currently mixed. Norway, Stockholm, Turkey, Denmark, Finland, Hungary and Greece are up; Russia, Spain, Italy and the Czech Republic are down. Futures in the States point towards a down open for […]<\/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\/10380"}],"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=10380"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10380\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}