{"id":10386,"date":"2017-04-17T07:54:17","date_gmt":"2017-04-17T12:54:17","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10386"},"modified":"2017-04-17T07:54:17","modified_gmt":"2017-04-17T12:54:17","slug":"before-the-open-apr-17-5","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10386","title":{"rendered":"Before the Open (Apr 17)"},"content":{"rendered":"

Good morning. Happy Monday. Hope you had a great weekend. <\/span>
\n A few of the Asian\/Pacific<\/strong> markets were closed today. Of the ones that were open, they closed with a lean to the downside. Hong Kong, Singapore and Indonesia were weak; South Korea did well. Europe<\/strong> is closed today. Russia and Turkey are doing well. Futures in the States<\/strong> point towards a positive open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>LeavittBrothers.net Overview<\/a>
\n—————<\/span>
\n The dollar is down. Oil is down; copper is up. Gold and silver are up. Bonds are up. <\/span>
\n Last week ended on a weak note, but per comments made in the weekly report<\/a> published over the weekend, there’s some evidence a local bottom could be put in place soon. I’d be surprised if it was THE bottom; I’m just looking for A bottom. After that, considering we haven’t gotten much panic, we’re likely to get a lower low that causes some real fear. <\/span>
\n Overall the market remains in good shape and is more likely to continue up than reverse down. But in the very near term I’m maintaining my conservative stance. This isn’t a time to place big bets.<\/span>
\n With Europe and a portion of Asia being closed today, we may not get much action in the States. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Eli Lilly (LLY -0.43%) dropped 5% in pre-market trading after it was downgraded to ‘Underperform’ from ‘Market Perform’ at BMO Capital Markets.<\/span>
\n JB Hunt Transport Services (JBHT -1.13%) reported Q1 EPS of 92 cents, better than consensus of 85 cents.<\/span>
\n US Foods Holding Corp (USFD -0.73%) reported preliminary Q1 sales of $5.8 billion, stronger than consensus of $5.63 billion.<\/span>
\n McDonald’s (MCD -0.38%) was upgraded to ‘Outperform’ from ‘Market Perform’ at Wells Fargo.<\/span>
\n Knight Transportation (KNX -1.12%) was upgraded to ‘Outperform’ from “Neutral’ at Baird with a price target of $36.<\/span>
\n Valmont Industries (VMI -1.12%) was upgrade to ‘Buy’ from ‘Hold’ at Stifel with a price target of $167.<\/span>
\n Patrick Industries (PATK -1.47%) was initiated with a ‘Buy’ at Bank of America\/Merrill Lynch with a price target of $80.<\/span>
\n Sabre Corp (SABR -1.08%) rallied 5% in after-hours trading after it was announced that it will replace B\/E\/ Aerospace in the S&P MidCap 400 at the open of trading on Wednesday, April 19.<\/span>
\n Ichor Holdings Ltd (ICHR -4.88%) filed to sell $100 million or ordinary shares for holders.<\/span>
\n ViewRay (VRAY +3.80%) rose 2% in after-hours trading after it said it got 2 new orders for MRIdian Linac Systems totaling $12.3 million in Q1, versus 2 orders totaling $11.2 million y\/y.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:30 Empire State Mfg Survey
\n 10:00 NAHB Housing Market Index
\n 4:00 PM Treasury International Capital
\n 5:00 PM Stanley Fischer 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 great weekend. A few of the Asian\/Pacific markets were closed today. Of the ones that were open, they closed with a lean to the downside. Hong Kong, Singapore and Indonesia were weak; South Korea did well. Europe is closed today. Russia and Turkey are doing well. Futures […]<\/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\/10386"}],"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=10386"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10386\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}