{"id":10538,"date":"2017-07-14T07:39:05","date_gmt":"2017-07-14T12:39:05","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10538"},"modified":"2017-07-14T07:39:05","modified_gmt":"2017-07-14T12:39:05","slug":"before-the-open-jul-14-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10538","title":{"rendered":"Before the Open (Jul 14)"},"content":{"rendered":"

Good morning. Happy Friday.<\/span>
\n The Asian\/Pacific<\/strong> markets closed with a lean to the upside. Japan, Hong Kong, New Zealand, Australia and Singapore closed up; the Philippines finished down. Europe, Africa and the Middle East<\/strong> are currently mixed and very quiet. Denmark, Russia and Sweden are up; Poland and Hungary are down. Futures in the States<\/strong> point towards a mixed and flat open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>The Most Interesting Chart Out There<\/a>
\n—————<\/span>
\n The dollar is down a little. Oil and copper are up. Gold and silver are up. Bonds are up. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Boeing (BA -0.10%) was upgraded to ‘Overweight’ rom ‘Neutral’ at JPMorgan Chase with a price target of $240.<\/span>
\n Wal-Mart (WMT +1.50%) was upgraded to ‘Buy’ from ‘Neutral’ at Goldman Sachs with a price target of $84.<\/span>
\n Alliance Data Systems (ADS +1.65%) was initiated with a ‘Buy’ recommendation at Argus Research with a 12-month target price of $309.<\/span>
\n GGP Inc (GGP +1.78%) was initiated with a ‘Buy’ rating at Stifel with a 12-month target price of $27.<\/span>
\n Orion Engineered Carbons SA (OEC +0.24%) was upgraded to ‘Buy’ from ‘Neutral’ at Goldman Sachs with a target price of $25.<\/span>
\n Mylan NV (MYL +1.22%) gained almost 2% in after-hours trading after it announced the FDA’s Oncologic Drugs Advisory Committee recommended approval of its MYL-14010, a proposed biosimilar to Roche’s Herceptin cancer drug, for the treatment of breast cancer.<\/span>
\n CyberArk Software Ltd (CYBR +1.11%) tumbled over 18% in after-hours trading after it reported Q2 preliminary revenue of $57 million-$57.5 million, below previous guidance of $61 million-$62 million, and weaker than consensus of $61.9 million. FireEye (FEYE +0.06%) slid over 3%, Fortinet (FTNT +1.44%) dropped nearly 3% and Palo Alto Networks (PANW +1.16%) lost nearly 2% after CyberArk reported its weaker-than-expected Q2 results.<\/span>
\n MiMedx Group (MDXG -3.28%) rose almost 4% in after-hours trading after it reported Q2 preliminary revenue of $76.4 million, above an April 28 view of $73.5 million-$75 million and higher than consensus of $74.2 million.<\/span>
\n Juno Therapeutics (JUNO +0.11%) lost almost 2% in after-hours trading after 7 million shares of its stock were being offered via Morgan Stanley.<\/span>
\n Consolidated Communications Holdings (CNSL -1.92%) fell over 2% in after-hours trading after 3.7 million shares of its stock were being offered via Morgan Stanley.<\/span>
\n A10 Networks (ATEN +0.37%) slumped over 15% in after-hours trading after it lowered guidance on Q2 revenue to $52.5 million-$53.5 million from an April 27 estimate of $62 million-$64 million, well below consensus of $62.8 million.<\/span>
\n Sangamo Therapeutics (SGMO +2.70%) climbed almost 4% in after-hours trading after the FDA awarded fast track designation for its SB-318 and SB-913 for the treatment of Mucopolysaccharidosis Type 1 and Type 2.<\/span>
\n BioLife Solutions (BLFS +8.68%) jumped over 10% in after-hours trading after it received approval for its Invossa cell and gene therapy for degenerative arthritis from the Korea Ministry of Food and Drug Safety.<\/span>
\n ClearSign Combustion (CLIR -2.70%) surged 25% in after-hours trading after it received an order from a ‘Supermajor’ oil company to qualify its Duplex combustion technology as a precursor to an installation at a major oil refinery.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:30 Consumer Price Index
\n 8:30 Retail Sales
\n 9:15 Industrial Production
\n 10:00 Business Inventories
\n 10:00 Consumer Sentiment
\n 1:00 PM Baker-Hughes Rig Count<\/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 Friday. The Asian\/Pacific markets closed with a lean to the upside. Japan, Hong Kong, New Zealand, Australia and Singapore closed up; the Philippines finished down. Europe, Africa and the Middle East are currently mixed and very quiet. Denmark, Russia and Sweden are up; Poland and Hungary are down. Futures in the States […]<\/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\/10538"}],"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=10538"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10538\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}