{"id":10441,"date":"2017-05-16T07:42:56","date_gmt":"2017-05-16T12:42:56","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10441"},"modified":"2017-05-16T07:42:56","modified_gmt":"2017-05-16T12:42:56","slug":"before-the-open-may-16-6","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10441","title":{"rendered":"Before the Open (May 16)"},"content":{"rendered":"

Good morning. Happy Tuesday.<\/span>
\n The Asian\/Pacific<\/strong> markets closed mixed. China and India did well; Indonesia and Singapore did poorly. Europe<\/strong> is currently mixed. The UK, Austria and the Czech Republic are up; Poland, Hungary and Portugal are down. 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 and copper are up. Gold and silver are up. Bonds are down. <\/span>
\n Hedge funds are releasing their 13F’s, which show what they bought and sold during the first quarter of the year. It’s not timely news because they come out 45 days after the end of each quarter, but they still offer a glimpse into where money is flowing. Here’s a link<\/a> to Seeking Alpha, which summarizes the activity of hundreds of funds. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Yum! Brands (YUM +0.46%) was upgraded to ‘Buy’ from ‘Hold’ at Argus with a price target of $80.<\/span>
\n Dr Pepper Snapple Group (DPS +0.82%) was upgraded to ‘Overweight’ from ‘Equalweight’ at Morgan Stanley with a price target of $104.<\/span>
\n Pfizer (PFE +0.33%) is down over 1% in pre-market trading after it was downgraded to ‘Sell’ from ‘Neutral’ at Citigroup.<\/span>
\n Sysco (SYY +0.17%) was initiated with a ‘Buy’ at Loop Capital Markets with a 12-month price target of $61.<\/span>
\n LGI Homes ({=LGIH was upgraded to ‘Market Perform’ from ‘Underperform’ at Wells Fargo Securities with a price target of $33.<\/span>
\n Sage Therapeutics (SAGE -0.58%) was initiated with a ‘Buy’ at Needham & Co. with a 12-month target price of $82.<\/span>
\n Vipshop Holdings Ltd (VIPS -0.87%) rose over 2% in after-hours trading after it reported Q1 revenue of $2.32 billion, above consensus of $2.27 billion.<\/span>
\n Kornit Digital Ltd (KRNT +0.68%) slid 3% in after-hours trading after it announced the launch of an underwritten secondary public offering of 4.25 million shares of its stock by the company’s largest shareholder, Fortissimo Capital Fund II LP.<\/span>
\n Editas Medicine (EDIT +3.73%) lost nearly 7% in after-hours trading after it reported a Q1 loss of -85 cents a share, wider than consensus of -70 cents.<\/span>
\n Akebia Therapeutics (AKBA +1.65%) jumped 12% in after-hour trading after it entered into an exclusive license pact with Fresenius Medical to exclusively distribute vadadustat upon FDA approval.<\/span>
\n Etsy Inc (ETSY +0.53%) may move higher today after TPG Group reported a 4.3% stake in Etsy and Dragoneer reported a 3.7% stake in the company.<\/span>
\n Pernix Therapeutics Holdings (PTX -2.05%) plunged 30% in after-hours trading after it reported a Q1 net loss of -$29.5 million and said it is still analyzing strategic and refinancing alternatives.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:30 Housing Starts
\n 8:55 Redbook Chain Store Sales
\n 9:15 Industrial Production
\n 10:00 E-Commerce Retail Sales<\/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. China and India did well; Indonesia and Singapore did poorly. Europe is currently mixed. The UK, Austria and the Czech Republic are up; Poland, Hungary and Portugal are down. Futures in the States point towards a positive 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\/10441"}],"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=10441"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10441\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}