{"id":10475,"date":"2017-06-08T07:47:07","date_gmt":"2017-06-08T12:47:07","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10475"},"modified":"2017-06-08T07:47:07","modified_gmt":"2017-06-08T12:47:07","slug":"before-the-open-jun-8-6","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10475","title":{"rendered":"Before the Open (Jun 8)"},"content":{"rendered":"

Good morning. Happy Thursday.<\/span>
\n The Asian\/Pacific<\/strong> markets closed mixed. China and Hong Kong moved up; Japan and the Philippines moved up. Europe<\/strong> currently leans to the upside. Poland, Greece, Hungary, Spain and Italy are doing well; Russia, Switzerland, Norway and Portugal are weak. Futures in the States<\/strong> point towards a positive open for the cash market. <\/span>
\n—————
\nVIDEO: My Favorite Intermediate Term Setup<\/a><\/strong>
\n—————<\/span>
\n The dollar is up. Oil is down; copper is up. Gold and silver are down. Bonds are down. <\/span>
\n The James Comey hearing begins at 10:00 this morning. <\/span>
\n The UK is heading to the polls for parliamentary elections. <\/span>
\n The ECB meets to discuss rates. <\/span>
\nPremarket movers<\/strong> from thestockmarketwatch.com…<\/span>
\n\"\"
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Sanderson Farms (SAFM +2.37%) was initiated with a ‘Buy’ at Mizuho Securities USA with a 12-month target price of $142.<\/span>
\n T-Mobile (TMUS -0.29%) was initiated with a ‘Buy’ at Drexel Hamilton with a price target of $80.<\/span>
\n Molson-Coors Brewing (TAP -6.50%) was downgraded to ‘Sell’ from ‘Neutral’ at Bryan Garnier.<\/span>
\n Brown-Forman ({=BF\/B=}) was downgraded to ‘Neutral’ from ‘Outperform’ at Credit Suisse.<\/span>
\n Kite Pharma (KITE +7.12%) was upgraded to ‘Buy’ from ‘Neutral’ at BTIG LLC with a 12-month target price of $100.<\/span>
\n Tyson Foods (TSN +1.85%) was initiated with a ‘Buy’ at Mizuho Securities USA with a 12-month target price of $71.<\/span>
\n Deckers Outdoor (DECK +0.23%) lost 1% in after-hours trading after it was downgraded to ‘Neutral’ from ‘Buy’ at Buckingham Research.<\/span>
\n Argan (AGX +1.32%) rose 4% in after-hours trading after it reported Q1 revenue of $230.5 million, higher than consensus of $190.5 million.<\/span>
\n Greif (GEF +1.07%) tumbled over 9% in after-hours trading after it reported Q2 adjusted EPS of 67 cents, below consensus of 74 cents.<\/span>
\n Verint Systems (VRNT -1.29%) rallied over 3% in after-hours trading after it reported Q1 adjusted EPS of 49 cents, well above consensus of 39 cents.<\/span>
\n Okta (OKTA +3.38%) climbed over 5% in after-hours trading after it reported Q1 revenue of $53 million, above consensus of $48.22 million, and then said it sees full-year revenue of $233 million-$236 million, higher than consensus of $226.8 million.<\/span>
\n MidSouth Bancorp (MSL +1.08%) dropped nearly 4% in after-hours trading after it announced that it had commenced a public offering of $50 million of its common stock.<\/span>
\n Tailored Brands (TLRD +5.75%) gained nearly 2% in after-hours trading after it reported Q1 adjusted EPS of 27 cents, better than consensus of 19 cents.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:30 Initial Jobless Claims
\n 9:45 Bloomberg Consumer Comfort Index
\n 10:00 Quarterly Services Report
\n 10:30 EIA Natural Gas Inventory
\n 4:30 PM Money Supply
\n 4:30 PM Fed Balance Sheet<\/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 Thursday. The Asian\/Pacific markets closed mixed. China and Hong Kong moved up; Japan and the Philippines moved up. Europe currently leans to the upside. Poland, Greece, Hungary, Spain and Italy are doing well; Russia, Switzerland, Norway and Portugal are weak. Futures in the States point towards a positive open for the cash […]<\/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\/10475"}],"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=10475"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10475\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}