{"id":10506,"date":"2017-06-28T08:17:06","date_gmt":"2017-06-28T13:17:06","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10506"},"modified":"2017-06-28T08:17:06","modified_gmt":"2017-06-28T13:17:06","slug":"before-the-open-jun-28-6","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10506","title":{"rendered":"Before the Open (Jun 28)"},"content":{"rendered":"

Good morning. Happy Wednesday.<\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly down. Japan, China, Hong Kong, South Korea and Taiwan were weak; Australia did well. Europe<\/strong> currently leans to the downside. Poland, Germany, Denmark and the Netherlands are down the most; Italy is doing well. Futures in the States<\/strong> point toward a moderate gap up open for the cash market, thanks to sudden jump about an hour before the open. <\/span>
\nThe dollar is up a small amount. Oil is down; copper is up. Gold and silver are up. Bonds are down. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Expedia (EXPE -2.69%) was upgraded to ‘Buy from ‘Hold’ at Citigroup with a price target of $178.<\/span>
\n First Data (FDC -0.96%) was downgraded to ‘Equal-Weight’ from ‘Overweight’ at Morgan Stanley.<\/span>
\n Aetna (AET unch) was initiated as a new ‘Buy’ at Citigroup with a price target of $180.<\/span>
\n General Motors (GM -0.90%) was initiated with an ‘Overweight’ rating at Morgan Stanley with a price target of $40.<\/span>
\n Qualcomm (QCOM -2.00%) was downgraded to ‘Market Perform’ from ‘Outperform’ at Northland Securities.<\/span>
\n Visa (V -0.34%) was initiated with a ‘Buy’ at Mizuho Securities USA with a 12-month target price of $115.<\/span>
\n Whiting Petroleum (WLL +0.74%) fell nearly 3% and Oasis Petroleum (OAS +2.72%) slid almost 2% in after-hours trading after crude oil prices fell when the API reported a +851,000 bbl build in U.S. crude inventories.<\/span>
\n Global Payments (GPN -0.43%) was initiated with a ‘Buy’ at Mizuho Securities USA with a 12-month target price of $105.<\/span>
\n Aerovironment (AVAV +4.91%) dropped over 9% in after-hours trading after it said it sees Q1 revenue of $40 million-$44 million, well below consensus of $49.1 million.<\/span>
\n CalAmp (CAMP -1.89%) fell nearly 3% in after-hours trading after it said it sees Q2 adjusted EPS of 23 cents to 29 cents, the mid-point below consensus of 29 cents.<\/span>
\n KB Home (KBH +0.18%) rose over 1% in after-hours trading after it reported Q2 EPS of 33 cents, higher than consensus of 26 cents.<\/span>
\n Ryerson Holding (RYI -1.10%) gained nearly 2% in after-hours trading after it said it sees Q2 revenue of $865 million-$875 million, better than consensus of $842.3 million.<\/span>
\n Global Medical REIT (GMRE +0.72%) slid over 8% in after-hours trading after it announced the commencement of an underwritten public offering of 3.5 million shares of its common stock.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 7:00 MBA Mortgage Applications
\n 8:30 International trade in goods
\n 10:00 Pending Home Sales
\n 10:30 EIA Petroleum Inventories
\n 11:30 Results of $13B, 2-Year FRN Auction
\n 1:00 PM Results of $28B, 7-Year Note Auction<\/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 Wednesday. The Asian\/Pacific markets closed mostly down. Japan, China, Hong Kong, South Korea and Taiwan were weak; Australia did well. Europe currently leans to the downside. Poland, Germany, Denmark and the Netherlands are down the most; Italy is doing well. Futures in the States point toward a moderate gap up open for […]<\/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\/10506"}],"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=10506"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10506\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}