{"id":10552,"date":"2017-07-25T07:45:48","date_gmt":"2017-07-25T12:45:48","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10552"},"modified":"2017-07-25T07:45:48","modified_gmt":"2017-07-25T12:45:48","slug":"before-the-open-jul-25-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10552","title":{"rendered":"Before the Open (Jul 25)"},"content":{"rendered":"

Good morning. Happy Tuesday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mixed. New Zealand, Australia and Singapore did well; South Korea, Japan, China and Hong Kong posted losses. Europe, Africa and the Middle East<\/strong> are currently mostly up. France, Spain, Italy, Belgium and Austria are up more than 1%; Germany, Denmark, South Africa, the Czech Republic and the UK are also doing well. Greece, Russia, Finland and Switzerland are weak. Futures in the States<\/strong> point towards a moderate gap up open for the cash market. <\/span>
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\n The dollar is down. Oil and copper are up. Gold and silver are down. Bonds are down. <\/span>
\n It’s all about earnings right now. Longer term swing traders can be held into earnings if they working out well – you have to hold or else you’ll never nail big, multi-month moves. But shorter term traders should not be held. <\/span>
\n FOMC meeting tomorrow. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Alphabet (GOOG +0.76%) fell 3% in after-hours trading on Monday after its sales figure was in line with expectations but showed rising costs.<\/span>
\n Companies reporting this morning that beat the consensus include: du Pont (DD -0.22%) at $1.38, Eli Lilly (LLY +0.09%) at 1.11, PulteGroup (PHM +0.45%) at 0.47, Biogen (BIIB +0.63%) at 5.04, United Technologies (UTX -0.29%) at 1.85, T Rowe Price (TROW +0.33%) at 1.34.<\/span>
\n Companies reporting this morning that underperformed the consensus include Pentair (PNR -0.29%) at 1.00, Interpublic Group (IPG +0.24%) of 0.27, 3M (MMM -0.55%) of 2.09, and Kimberley-Clark (KMB -1.17%) of 1.49.<\/span>
\n Caterpillar (CAT) this morning reported EPS of $1.49 that beat the 1.25 consensus. CAT also raised its 2017 guidance due to “increased demand across many end markets and disciplined cost control,” according to management.<\/span>
\n Anadarko Petroleum (APC +0.34%) fell -3.7% in after-hours trading on some guidance disappointment.<\/span>
\n Swift Transporation (SWFT +0.16%) rallied +1.2% in after-hours trading after beating its EPS consensus.<\/span>
\n Woodward Inc (WWD +0.48%) rallied +1.5% in after-hours trading after beating its revenue consensus.<\/span>
\n Sanmina Corp (SANM +2.17%) fell 9% in after-hours trading after disappointing guidance.<\/span>
\n Core Labs (CLB +0.58%) fell -5% in after-hours trading due to disappointing Q3 EPS guidance. <\/span>
\n Monday’s Key Earnings<\/strong>
\n Anadarko Petroleum (NYSE:APC) -4% AH after missing expectations, capex cut.
\n Celanese (NYSE:CE) +0.5% on earnings beat.
\n Core Laboratories (NYSE:CLB) -6.1% AH on disappointing Q3 outlook.
\n CryoLife (NYSE:CRY) -4.6% AH on Q3 outlook.
\n Alphabet (NASDAQ:GOOG) -2.6% AH on EU fine impact.<\/span><\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n FOMC meeting begins
\n 8:55 Redbook Chain Store Sales
\n 9:00 FHFA House Price Index
\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 1:00 PM Results of $26B, 2-Year Note Auction<\/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. New Zealand, Australia and Singapore did well; South Korea, Japan, China and Hong Kong posted losses. Europe, Africa and the Middle East are currently mostly up. France, Spain, Italy, Belgium and Austria are up more than 1%; Germany, Denmark, South Africa, the Czech Republic and 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\/10552"}],"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=10552"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10552\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}