{"id":10409,"date":"2017-04-26T07:50:04","date_gmt":"2017-04-26T12:50:04","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10409"},"modified":"2017-04-26T07:50:04","modified_gmt":"2017-04-26T12:50:04","slug":"before-the-open-apr-26-5","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10409","title":{"rendered":"Before the Open (Apr 26)"},"content":{"rendered":"

Good morning. Happy Wednesday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly up. Japan, New Zealand and Indonesia led the way; Hong Kong, South Korea, India and Australia also did well. Europe<\/strong> is currently quiet. Poland and Greece are up; Hungary and Spain are down. Futures in the States<\/strong> point towards a flat open for the cash market. <\/span>
\n—————
\n My <\/strong>podcast<\/a> – with Chat With Traders<\/strong>
\n—————<\/span>
\n The dollar is up. Oil is down; copper is flat. Gold and silver are down. Bonds are down. <\/span>
\n Two big up days in a row on strong volume. It’s a great start…it somewhat wakes the market up…but the indexes are still mostly range bound. Both the S&P and Russell are near their highs. A rest here, followed by a higher high would be great movement for the bulls. A dip to successfully test the 50-day MAs would be just as bullish. Here are the SPX and RUT charts. <\/span>
\n\"\"
\n\"\"
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Edwards Lifesciences (EW +0.98%) climbed 9% in pre-market trading after it reported Q1 adjusted EPS of 94 cents, above consensus of 82 cents, and then raised guidance for full-year EPS to $3.43-$3.55 from a February 1 forecast of $3.30-$3.45.<\/span>
\n U.S. Steel (X -0.29%) plunged 16% in pre-market trading after it reported Q1 adjusted Ebitda of $74 million, well below consensus of $254.7 million, and then cut guidance on full-year EPS to $1.50 from a January 31 estimate of $3.08.<\/span>
\n Costco Wholesale (COST +0.20%) rose nearly 3% in pre-market trading after it raised its quarterly dividend to 50 cents a share from 45 cents, higher than consensus of 49 cents, and said it will pay a $7 a share special dividend May 26 to holders of record May 10.<\/span>
\n Capital One Financial (COF +1.06%) fell 4% in after-hours trading after it reported Q1 adjusted EPS of $1.75, weaker than consensus of $1.92.<\/span>
\n Discover Financial Services (DFS +0.55%) slid over 4% in after-hours trading after it reported Q1 revenue net of interest expense $2.34 billion, below consensus of $2.36 billion.<\/span>
\n Juniper Networks (JNPR -1.73%) rose 3% in after-hours trading after it reported Q1 adjusted EPS of 46 cents, better than consensus of 42 cents.<\/span>
\n iRobot (IRBT -0.17%) jumped nearly 10% in after-hours trading after it reported Q1 EPS of 58 cents, stronger than consensus of 31 cents, and then said it sees full-year EPS of $1.45-$1.70, higher than consensus of $1.54.<\/span>
\n CH Robinson Worldwide (CHRW +0.14%) lost 1% in after-hours trading after it said lower revenue at truckload and intermodal services reflects weak pricing.<\/span>
\n Neurocrine Biosciences (NBIX +3.55%) slid 4% in after-hours trading after it announced its intention to offer $450 million of convertible senior notes due 2024.<\/span>
\n Crown Castle International (CCI -0.46%) lost 1% in after-hours trading after it announced that it has commenced an offering of 4.75 million shares of its common stock in a registered public offering.<\/span>
\n Medical Properties Trust (MPW +0.22%) fell 3% in after-hours trading after it announced that it has commenced an offering to sell 37.5 million shares of its common stock in an underwritten public offering.<\/span>
\n Flexion Therapeutics (FLXN -0.95%) tumbled 12% in after-hours trading after it announced its intention to offer $125 million of convertible senior notes due 2024.<\/span>
\n Aratana Therapeutics (PETX -1.15%) jumped nearly 7% in after-hours trading after it reached agreement with the FDA’s Center for Vetinary Medicine regarding resubmission for Entyce which may be commercially available by fall of 2017 if submission is approved.<\/span>
\n Zix Corp (ZIXI -2.62%) rallied 10% in after-hours trading after it boosted its fiscal 2017 revenue view to $66.2 million-$66.7 million from a February estimate of $64.5 million-$666.0 million.<\/span>
\n Amtech Systems (ASYS -0.90%) surged 30% in after-hours trading after it received a follow-on order for the second phase of a IGW solar project in China.<\/span>
\n Wednesday’s Key Earnings<\/strong>
\n 3M (NYSE:MMM) +0.5% raising outlook for 2017.
\n AT&T (NYSE:T) -0.3% AH as wireless equipment sales slid.
\n Biogen (NASDAQ:BIIB) +3.6% exceeding expectations.
\n Caterpillar (NYSE:CAT) +7.9% crushing estimates.
\n Chipotle (CMG) +2.9% AH increasing comparable sales.
\n Coca-Cola (NYSE:KO) -0.4% with flat organic revenues.
\n Corning (NYSE:GLW) +3.7% posting strong sales growth.
\n DuPont (NYSE:DD) +3.6% beating expectations.
\n Eli Lilly (NYSE:LLY) -2.7% lowering EPS guidance.
\n Freeport-McMoRan (NYSE:FCX) +7.1% seeing big cash flows.
\n Lockheed Martin (NYSE:LMT) -2.2% trimming outlook.
\n McDonald’s (MCD) +5.6% growing comparable sales.
\n Realty Income (NYSE:O) +1.1% AH beating estimates.
\n Rite Aid (NYSE:RAD) +6.4% following an earnings beat.
\n U.S. Steel (NYSE:X) -17% AH after a shocking loss.
\n Valero (NYSE:VLO) -1.5% expecting higher biofuel costs.
\n Wynn Resorts (NASDAQ:WYNN) +4.1% AH getting nod for a lagoon-theme park.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 7:00 MBA Mortgage Applications
\n 10:30 EIA Petroleum Inventories
\n 1:00 PM Results of $15B, 2-Year FRN Auction
\n 1:00 PM Results of $34B, 5-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 Wednesday. The Asian\/Pacific markets closed mostly up. Japan, New Zealand and Indonesia led the way; Hong Kong, South Korea, India and Australia also did well. Europe is currently quiet. Poland and Greece are up; Hungary and Spain are down. Futures in the States point towards a flat 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\/10409"}],"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=10409"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10409\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}