{"id":10504,"date":"2017-06-27T07:52:34","date_gmt":"2017-06-27T12:52:34","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10504"},"modified":"2017-06-27T07:52:34","modified_gmt":"2017-06-27T12:52:34","slug":"before-the-open-jun-27-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10504","title":{"rendered":"Before the Open (Jun 27)"},"content":{"rendered":"

Good morning. Happy Tuesday.<\/span>
\n The Asian\/Pacific<\/strong> markets closed mixed. Japan, South Korea, New Zealand and the Philippines moved up; Hong Kong and India were weak. Europe<\/strong> is currently mostly down. France, Germany, Turkey, Denmark, Finland, Portugal and Sweden are down; Russia is doing well. Futures in the States<\/strong> point towards a 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 up. Gold and silver are up. Bonds are down. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Alphabet (GOOGL -1.42%) slid over 1% in pre-market trading after Google received a fine of 2.4 billion euros ($2.7 billion) from European Union regulators for skewing search results in its own favor to boost its shopping search service.<\/span>
\n Halliburton (HAL +0.48%) was downgraded to ‘Neutral’ from ‘Buy’ at Guggenheim.<\/span>
\n Goldman Sachs (GS +1.50%) may open to the downside this morning after Citigroup cut its Q2 earnings estimate for Goldman by -64 cents to $3.20 a share, citing lower trading revenues.<\/span>
\n Ultimate Software Group (ULTI -0.11%) was initiated with a ‘Buy’ at Suntrust Robinson Humphrey with as 12-month target price of $240.<\/span>
\n Bluebird Bio (BLUE -0.80%) lost nearly 2% in after-hours trading after it announced that it has commenced an underwritten public offering of $350 million in shares of its common stock.<\/span>
\n Western Digital (WDC -0.73%) slid over 2% in after-hours trading after it said it still sees Q4 revenue of $4.80 billion, below consensus of $4.81 billion.<\/span>
\n Paulson & Co. raised its stake in Valeant Pharmaceuticals (VRX +8.10%) to 6.3% from 5.7%.<\/span>
\n Esperion Therapeutics (ESPR -3.32%) climbed nearly 3% in after-hours trading after the FDA confirmed regulatory pathway to approval for Espirion’s drug combo of a once-daily pill combining epidotic acid and ezetimibe to lower LDL cholesterol.<\/span>
\n Armour Residential REIT (ARR +0.62%) dropped over 3% in after-hours trading after it announced that it has commenced an underwritten public offering of 4.5 million shares of its common stock.<\/span>
\n Repligen (RGEN +2.58%) lost over 1% in after-hours trading after it announced that it has commenced an underwritten public offering of $100 million in shares of its common stock.<\/span>
\n Pier 1 Imports (PIR +0.19%) was upgraded to ‘Hold’ from ‘Reduce’ at Gordon Haskett.<\/span>
\n Kronos Worldwide (KRO -1.10%) was upgraded to ‘Buy’ from ‘Hold’ at SunTrust Robinson Humphrey with a price target of $17.<\/span>
\n Neos Therapeutics (NEOS +1.38%) fell nearly 3% in after-hours trading after it announced that it has commenced an underwritten public offering of $30 million in shares of its common stock.<\/span>
\n J.C. Penney (JCP +2.41%) gained over 1% in after-hours trading after it was upgraded to ‘Hold’ from ‘Reduce’ at Gordon Haskett.<\/span>
\n Finjan Holdings (FNJN -4.74%) tumbled 12% in after-hours trading after it was said to offer $15 million in shares at $3.15, a 13% discount to Monday’s close.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 4:05 Fed’s Williams Speech
\n 8:55 Redbook Chain Store Sales
\n 9:00 S&P Corelogic Case-Shiller Home Price Index
\n 10:00 Consumer Confidence
\n 10:00 Richmond Fed Mfg.
\n 10:00 State Street Investor Confidence Index
\n 11:15 Fed’s Harker: Economic Outlook
\n 1:00 PM Janet Yellen speech
\n 1:00 PM Results of $34B, 5-Year Note Auction<\/span><\/span><\/span><\/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 Tuesday. The Asian\/Pacific markets closed mixed. Japan, South Korea, New Zealand and the Philippines moved up; Hong Kong and India were weak. Europe is currently mostly down. France, Germany, Turkey, Denmark, Finland, Portugal and Sweden are down; Russia is doing well. Futures in the States point towards a down open for the […]<\/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\/10504"}],"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=10504"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10504\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}