{"id":10388,"date":"2017-04-18T07:54:04","date_gmt":"2017-04-18T12:54:04","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10388"},"modified":"2017-04-18T07:54:04","modified_gmt":"2017-04-18T12:54:04","slug":"before-the-open-apr-18-5","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10388","title":{"rendered":"Before the Open (Apr 18)"},"content":{"rendered":"

Good morning. Happy Tuesday.<\/span>
\n The Asian\/Pacific<\/strong> markets closed mixed. Hong Kong, China and Australia were weak; Japan, Indonesia and Malaysia did ok. Europe<\/strong> is currently posting sizeable, across-the-board losses. The UK, France, Austria, the Netherlands, Norway, Italy, Portugal, Sweden, Russia and Greece are down more than 1%. Futures in the States<\/strong> point towards a moderate gap down open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>LeavittBrothers.net Overview<\/a>
\n—————<\/span>
\n The dollar is down. Oil and copper are down. Gold and silver are down. Bonds are up. <\/span>
\n Coming into this week I was looking for a local bottom – not THE bottom, just A bottom.<\/span>
\n Yesterday the S&P gained 20 points; it’ll give back about 35% of those gains at today’s open. <\/span>
\n Overall the S&P is consolidating within a range.<\/span>
\n\"\"
\n So is the Russell 2000. <\/span>
\n\"\"
\n The big picture is fine. The near term is much more neutral. The question is: can breadth improve enough to support a resumption of the trend, or do we need more of a washout to set the stage. For now I’m looking for more of a washout. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Goldman Sachs (GS +1.32%) dropped over 2% in pre-market trading after it reported Q1 net revenue of $8.03 billion, weaker than consensus of $8.33 billion.<\/span>
\n Harley-Davidson (HOG -0.50%) slumped 5% in pre-market trading after it reported Q1 total motorcycles and related products revenue of $1.33 billion, below consensus of $1.35 billion.<\/span>
\n Netflix (NFLX +3.03%) rose over 1% in after-hours trading after it reported 3.2 million new subscribers in Q2, higher than consensus of 2.5 million.<\/span>
\n First Horizon National (FHN +1.93%) was upgraded to ‘Outperform’ from ‘Market Perform’ at Vining Sparks with a 12-month target price of $21.<\/span>
\n United Continental Holdings (UAL +2.46%) gained over 1% in after-hours trading after it reported Q1 adjusted EPS of 41 cents, above consensus of 38 cents.<\/span>
\n Synovus (SNV +2.05%) reported Q1 adjusted EPS of 57 cents, higher than consensus of 51 cents.<\/span>
\n Celanese (CE +1.50%) reported Q1 adjusted EPS of $1.81, better than consensus of $1.72.<\/span>
\n Galapagos NV (GLPG +2.71%) slipped over 2% in after-hours trading after it announced that it will share $275 million in American Depository Shares (ADS) via Morgan Stanley.<\/span>
\n Barracuda Networks (CUDA +1.08%) dropped nearly 3% in after-hours trading after it said it expects fiscal 2018 revenue of $370 million-$380 million, the midpoint which trails consensus of $378.1 million.<\/span>
\n Agios Pharmaceuticals (AGIO +0.33%) lost 3% in after-hours trading after it proposed selling up to 4.5 million shares of its common stock in an underwritten public offering.<\/span>
\n Cabela’s (CAB +0.56%) rallied 6% in after-hours trading after it announced an amended deal with Bass Pro Shops who will buy Cabela’s for $61.50 a share versus an October 2016 offer of $65.50 a share.<\/span>
\n Rigel Pharmaceuticals (RIGL +0.32%) gained almost 2% in after-hours trading after it submitted to the FDA an NDA for its fostamatinib drug for patients with chronic and persistent immune thrombocytopenia.<\/span>
\n Wi-LAN (WILN +1.01%) jumped 10% in after-hours trading after it announced a pact to buy International Road Dynamics for $47.4 million.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:30 Housing Starts
\n 8:55 Redbook Chain Store Sales
\n 9:00 Fed’s George speech
\n 9:15 Industrial Production<\/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. Hong Kong, China and Australia were weak; Japan, Indonesia and Malaysia did ok. Europe is currently posting sizeable, across-the-board losses. The UK, France, Austria, the Netherlands, Norway, Italy, Portugal, Sweden, Russia and Greece are down more than 1%. Futures in the States point towards a moderate […]<\/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\/10388"}],"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=10388"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10388\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}