{"id":10534,"date":"2017-07-17T07:47:24","date_gmt":"2017-07-17T12:47:24","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10534"},"modified":"2017-07-17T07:47:24","modified_gmt":"2017-07-17T12:47:24","slug":"before-the-open-jul-17-5","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10534","title":{"rendered":"Before the Open (Jul 17)"},"content":{"rendered":"

Good morning. Happy Monday. Hope you had a good weekend. <\/span>
\n The Asian\/Pacific<\/strong> markets closed with a lean to the upside. Japan, South Korea, Hong Kong, New Zealand and the Philippines posted gains; China dropped more than 1%. Europe, Africa and the Middle East<\/strong> lean to the upside but overall are little changed. Poland, Turkey, Finland, Norway and Austria are up; Russia and Sweden are down. Futures in the States<\/strong> point towards a positive open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong> the most interesting chart out there<\/a>
\n—————<\/span>
\n The dollar is flat. Oil is down a small amount; copper is up. Gold and silver are up. Bonds are up. <\/span>
\n I don’t have anything to add to comments made in LB Weekly<\/a>, published over the weekend. The Dow and S&P are at new highs; the other indexes are pretty close. The trend is up; the market is healthy and in good shape. Bias remains to the upside. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n BlackRock (BLK +0.11%) fell -0.3% in pre-market trading after it reported Q2 adjusted EPS of $5.24, below consensus of $5.38.<\/span>
\n Fiserv (FISV +0.28%) was upgraded to ‘Buy’ form ‘Neutral’ at Guggenheim with a price target of $136.<\/span>
\n CIT Group (CIT -0.04%) was upgraded to ‘Overweight’ from ‘Equal-Weight’ at Stephens with a price target of $60.<\/span>
\n Greenbrier (GBX -0.83%) was upgraded to ‘Buy’ from ‘Hold’ at Stifel with a price target of $51.<\/span>
\n Booz Allen Hamilton Holding (BAH -0.06%) was downgraded to ‘Hold’ from ‘Buy’ at Jeffries.<\/span>
\n NuStar Energy LP (NS +2.08%) was downgraded to ‘Market Perform’ from ‘Outperform’ at Wells Fargo Securities.<\/span>
\n United Rentals (URI +2.15%) was upgraded to ‘Outperform’ from ‘Sector Perform’ at RBC Capital Markets.<\/span>
\n Science Applications International (SAIC +0.18%) was downgraded to ‘Hold’ from ‘Buy’ at Jeffries.<\/span>
\n Targa Resources (TRGP +1.51%) was upgraded to ‘Outperform’ from ‘Market Perform’ with a price target of $54 at Wells Fargo Securities.<\/span>
\n Sprint (S +4.27%) rose nearly 1% in after-hours trading and added to its 4% gain during Friday’s session, after Chairman Masayoshi Son was said to have held talks with billionaire investors Warren Buffet and John Malone about investing in the company.<\/span>
\n NetApp (NTAP +5.46%) gained over 1% in after-hours trading, and added to the 5.5% increase during Friday’s session to a 3-year high, after the stock was added to the ‘Conviction Buy’ list at Goldman Sachs.<\/span>
\n Peregrine Pharmaceuticals (PPHM +3.14%) sank nearly 15% in after-hours trading after it reported Q4 revenue of $17.9 million versus $18.8 million y\/y, and said fiscal 2018 revenue should be similar to fiscal 2017 due to recent changes in the forecast of a large customer and a delayed regulatory filing for another customer.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:30 Empire State Mfg Survey<\/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 Monday. Hope you had a good weekend. The Asian\/Pacific markets closed with a lean to the upside. Japan, South Korea, Hong Kong, New Zealand and the Philippines posted gains; China dropped more than 1%. Europe, Africa and the Middle East lean to the upside but overall are little changed. Poland, Turkey, Finland, […]<\/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\/10534"}],"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=10534"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10534\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}