{"id":10514,"date":"2017-07-05T07:32:48","date_gmt":"2017-07-05T12:32:48","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10514"},"modified":"2017-07-05T07:32:48","modified_gmt":"2017-07-05T12:32:48","slug":"before-the-open-jul-5-5","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10514","title":{"rendered":"Before the Open (Jul 5)"},"content":{"rendered":"

Good morning. Happy Wednesday.<\/span>
\n The Asian\/Pacific<\/strong> markets closed with a lean to the upside. Japan, China, South Korea, Hong Kong, Taiwan and Singapore did well; Indonesia, Australia and New Zealand closed down. Europe<\/strong> is currently mostly up. France, Germany, Finland, Switzerland, Spain, the Netherlands, Italy, Belgium and Sweden are leading; Hungary is down. Futures in the States<\/strong> point towards a positive 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 and copper are down. Gold is flat; silver is down. Bonds are up. <\/span>
\n It feels like it’s been a super long weekend. The most noteworthy observation is that the Nas and Nas 100, despite leading the market for many months, are now the only indexes below their 50-day MAs. They’ve put in a lower high and lower low and could be considered in a mini downtrend on a short term basis. Overall they’re doing just fine, but it’s pretty obvious money is rotating out of tech. Here’s the Nas 100. <\/span>
\n\"\"
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Cabela’s (CAB +0.05%) is up almost 2% in pre-market trading after Bass Pro Shops received FTC approval for its acquisition of Cabela’s.<\/span>
\n Weyerhaeuser (WY +0.57%) was downgraded to ‘Neutral’ from ‘Buy’ at Bank of America\/Merrill Lynch.<\/span>
\n Teledyne (TDY +0.36%) was upgraded to ‘Buy’ from ‘Hold’ at Needham & Co. with a 12-month target price of $148.<\/span>
\n Capital One Financial (COF +1.14%) lost over 1% in pre-market trading after it was downgraded to ‘Underperform’ from ‘Neutral’ at Wedbush.<\/span>
\n PPG Industries (PPG +0.59%) was upgraded to ‘Buy’ from ‘Hold’ at Argus Research.<\/span>
\n Sun Bancorp (SNBC +1.22%) was downgraded to ‘Hold’ from ‘Buy’ at Sandler O’Neill & Partners LP.<\/span>
\n Newmont Mining (NEM -1.54%) was upgraded to ‘Sector Outperform’ from ‘Sector Perform’ at Scotia Capital.<\/span>
\n Buffalo Wild Wings (BWLD +1.14%) was downgraded to ‘Equal Weight’ from ‘Overweight’ at Stephens.<\/span>
\n Oracle (ORCL -1.56%) was upgraded to ‘Overweight’ from ‘Sector Weight’ at KeyBanc Capital Markets.<\/span>
\n Lockheed Martin (LMT +0.47%) was awarded a $3.77 billion mufti-year contract from the U.S. Army for production and services associated with the Black Hawk helicopter.<\/span>
\n Tesla (TSLA unch) may move lower this morning after the company announced late Monday that it delivered “just over” 22,000 vehicles in Q2, below consensus of 22,912.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 7:00 MBA Mortgage Applications
\n 8:30 Gallup U.S. Job Creation Index
\n 8:55 Redbook Chain Store Sales
\n 10:00 Factory Orders
\n 2:00 PM FOMC minutes
\n 2:00 PM Gallup US ECI<\/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 with a lean to the upside. Japan, China, South Korea, Hong Kong, Taiwan and Singapore did well; Indonesia, Australia and New Zealand closed down. Europe is currently mostly up. France, Germany, Finland, Switzerland, Spain, the Netherlands, Italy, Belgium and Sweden are leading; Hungary is down. Futures in […]<\/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\/10514"}],"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=10514"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10514\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}