{"id":10571,"date":"2017-08-02T08:02:01","date_gmt":"2017-08-02T13:02:01","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10571"},"modified":"2017-08-02T08:02:01","modified_gmt":"2017-08-02T13:02:01","slug":"before-the-open-aug-2-6","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10571","title":{"rendered":"Before the Open (Aug 2)"},"content":{"rendered":"

Good morning. Happy Wednesday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mixed. Japan, Hong Kong, South Korea, Taiwan and Indonesia closed up; China, India, Australia and the Philippines closed down. Europe, Africa and the Middle East<\/strong> are currently mixed. Greece, Russia, Switzerland and Hungary are up; Kenya and Spain are down. Futures in the States<\/strong> point towards a slight positive open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>LeavittBrothers.net Overview<\/a>
\n—————<\/span>
\n The dollar is flat. Oil and copper are down small amounts. Gold and silver are down. Bonds are down. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Apple (AAPL +0.89%) rallied over 6% in pre-market trading to a record high after it reported Q3 EPS of $1.67, better than consensus of $1.57, and then said it sees Q4 revenue of $49 billion-$52 billion, the midpoint well above consensus of $49.12 billion. Apple suppliers Cirrus Logic (CRUS +2.67%) and Skyworks Solutions (SWKS -0.56%) are also up 3% in pre-market trading.<\/span>
\n Ultimate Software Group (ULTI +0.57%) tumbled 11% in after-hours trading after it reported Q2 revenue of $224.7 million, weaker than consensus of $228 million, and then said it sees Q3 revenue of $201 million-$203 million, below consensus of $245.4 million.<\/span>
\n Illumina (ILMN -0.89%) jumped 9% in after-hours trading after it reported Q2 adjusted EPS 0of 82 cents, better than consensus of 68 cents, and then said it sees full-year adjusted EPS of $3.560-$3.70, the midpoint above consensus of $3.63.<\/span>
\n Allstate (ALL unch) gained 2% in after-hours trading after it reported Q2 operating EPS of $1.38, well above consensus of 87 cents and said its board approved a new $2 billion share repurchase program.<\/span>
\n Fiserv (FISV +0.60%) dropped over 2% in after-hours trading after it reported Q2 adjusted EPS of $1.19, less than consensus of $1.23, and then said it sees full-year adjusted EPS of $5.02-$5.17, the midpoint below consensus of $5.12.<\/span>
\n Hanesbrands (HBI +0.52%) rose over 3% in after-hours trading after it said it sees full-year net sales of $6.45 billion to $6.55 billion, above consensus of $6.44 billion.<\/span>
\n Terex (TEX -1.22%) rose 4% in after-hours trading after it raised guidance on its full-year EPS view to $1.05-$1.15 from a prior view of 80 cents-95 cents, above consensus of 98 cents.<\/span>
\n Coherent (COHR +2.26%) sank 18% in after-hours trading after it reported Q3 net sales of $464.1 million, weaker than consensus of $467 million.<\/span>
\n Herbalife (HLF +0.02%) lost 4% in after-hours trading after it said it sees full-year adjusted EPS of $4.30-$4.70, the midpoint below consensus of $4.62.<\/span>
\n FireEye (FEYE +0.41%) climbed nearly 7% in after-hours trading after it reported a Q2 adjusted loss of -4 cents per share, a smaller loss than expectations of -12 cents, and then raised its 2017 revenue estimate to $734 million-$746 million from a prior view of $724 million-$736 million.<\/span>
\n MACOM Technology Solutions Holdings (MTSI +0.84%) plunged 20% in after-hours trading after it reported Q3 adjusted EPS of 67 cents, weaker than consensus of 68 cents, and then said it sees Q4 adjusted EPS of 45 cents-50 cents, below consensus of 75 cents.<\/span>
\n Frontier Communications (FTR +3.79%) lost nearly 6% in after-hours trading after it reported a Q2 adjusted loss per share of -$1.10, a wider loss than expectations of -$1.02.<\/span>
\n Big 5 Sporting Goods (BGFV +1.86%) tumbled over 13% in after-hours trading after it said it expects Q3 same store sales to be in the negative low single-digit range with Q3 EPS of 22 cents-32 cents, below consensus of 39 cents.<\/span>
\n Tuesday’s Key Earnings<\/strong>
\n Apple (AAPL) +6.2% AH surpassing expectations.
\n Devon Energy (NYSE:DVN) -0.6% AH with no activity changes.
\n EOG Resources (NYSE:EOG) -2.9% AH missing forecasts.
\n FireEye (NASDAQ:FEYE) +6.4% AH raising guidance for 2017.
\n Phillips 66 (PSX) +1% after beating estimates.
\n Pfizer (NYSE:PFE) -0.7% with lower Prevnar, Enbrel sales.
\n Sprint (NYSE:S) +11.2% on first profit in three years.
\n Under Armour (NYSE:UAA) -8.6% lowering revenue guidance.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 7:00 MBA Mortgage Applications
\n 8:15 ADP Jobs Report
\n 8:30 Gallup U.S. Job Creation Index
\n 8:30 Treasury Refunding Quarterly Announcement
\n 10:30 EIA Petroleum Inventories
\n 3:30 Fed’s Williams: Monetary Policy<\/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 mixed. Japan, Hong Kong, South Korea, Taiwan and Indonesia closed up; China, India, Australia and the Philippines closed down. Europe, Africa and the Middle East are currently mixed. Greece, Russia, Switzerland and Hungary are up; Kenya and Spain are down. Futures in the States point towards a […]<\/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\/10571"}],"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=10571"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10571\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}