{"id":10579,"date":"2017-08-04T07:57:51","date_gmt":"2017-08-04T12:57:51","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10579"},"modified":"2017-08-04T07:57:51","modified_gmt":"2017-08-04T12:57:51","slug":"before-the-open-aug-4-6","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10579","title":{"rendered":"Before the Open (Aug 4)"},"content":{"rendered":"

Good morning. Happy Friday. Happy Employment Numbers Day. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mixed. Japan, China and Singapore dropped; South Korea, India and the Philippines posted gains. Europe, Africa and the Middle East<\/strong> currently lean to the upside. Poland, Turkey, South Africa, Finland, Hungary, Portugal , Sweden and the Czech Republic are up; Russia and Israel are down. Futures in the States<\/strong> point towards a positive open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>LeavittBrothers.net Overview<\/a>
\n—————<\/span>
\n The dollar is up. Oil is down; copper is up. Gold and silver are down. Bonds are down. <\/span>
\n Here are the employment numbers:<\/span>
\n unemployment rate: 4.3% (was 4.4% last month)
\n nonfarm payrolls: +209K
\n private payrolls:
\n average workweek: flat at 34.5 hours
\n hourly wages: up 0.3% to $26.36\/hour
\n labor participation rate:<\/span><\/span><\/span><\/span><\/span><\/span>
\n June job growth raised fron 222K to 231K.
\n May’s gain reduced from 152K to 145K.<\/span><\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Activision Blizzard (ATVI +4.10%) was upgraded to ‘Buy’ from ‘Neutral’ at Bank of America\/Merrill Lynch with a price target of $76.<\/span>
\n Universal Display (OLED -0.79%) gained 1% in after-hours trading after it reported Q2 revenue of $102.5 million, higher than consensus of $85.3 million, and then said it sees full-year revenue of $285 million to $300 million, above consensus of $281 million<\/span>
\n Fluor (FLR +0.05%) tumbled nearly 10% in after-hours trading after it reported Q2 revenue of $4.72 billion, weaker than consensus of $4.90 billion, and then lowered guidance on full-year EPS to $1.40-$1.70 from a prior view of $2.25-$2.75.<\/span>
\n Arista Networks (ANET +0.41%) jumped 13% in after-hours trading after it reported Q2 revenue of $405.2 million, higher than consensus of $360.8 million, and then said it sees Q3 revenue of $405 million-$420 million, above consensus of $377.7 million.<\/span>
\n Global Blood Therapeutics (GBT unch) gained over 1% in after-hours trading after it was rated a new ‘Outperform’ at Oppenheimer with a price target of $53.<\/span>
\n Synaptics (SYNA -1.90%) sank 15% in after-hours trading after it forecast Q1 revenue of $380 million-$420 million, weaker than consensus of $445.5 million.<\/span>
\n Wingstop (WING -1.92%) climbed over 7% in after-hours trading after it reported Q2 revenue of $24.7 million, better than consensus of $24.6 million.<\/span>
\n Carbonite (CARB +1.52%) slumped 14% in after-hours trading after it reported a Q2 net loss of -23 cents, wider than consensus of -2 cents, and then said it sees Q3 non-GAAP EPS of 19 cents-21 cents, below consensus of 23 cents.<\/span>
\n Viacom (VIAB +2.87%) slid over 6% in after-hours trading after it said it expects subscribers to its cable-TV networks will drop by about 3% this quarter.<\/span>
\n Weight Watchers International (WTW -0.45%) jumped over 12% in after-hours trading after it reported Q2 EPS of 67 cents, above consensus of 51 cents, and then said it sees full-year EPS of $1.57-$1.67, well above consensus of $1.27.<\/span>
\n Applied Optoelectronics (AAOI +4.80%) plunged over 20% in after-hours trading after it said it sees Q3 revenue of $107 million-$115 million, weaker than consensus of $123.7 million.<\/span>
\n B&G Foods (BGS -0.28%) lost 7% in after-hours trading after it reported Q2 adjusted EPS of 41 cents, weaker than consensus of 48 cents, and then said it sees full-year adjusted EPS of $2.03-$2.17, below consensus of $2.19.<\/span>
\n GoPro (GPRO +2.86%) rallied 13% in after-hours trading after it reported Q2 revenue of $296.5 million, higher than consensus of $269.2 million, and then said it sees Q3 revenue of $300 million, + or – $10 million, above consensus of $277.8 million.<\/span>
\n Impinj (PI -2.30%) slumped over 21% in after-hours trading after it said it sees Q3 revenue of $31.8 million-$33.3 million, weaker than consensus of $37.7 million.<\/span>
\n Yelp (YELP -2.73%) surged 20% in after-hours trading after it reported Q2 net revenue of $208.9 million, better than consensus of $204.9 million, and then said it sees full-year revenue of $855 million to $865 million, the midpoint higher than consensus of $856 million.<\/span>
\n Thursday’s Key Earnings<\/strong>
\n Activision Blizzard (NASDAQ:ATVI) +4.1% AH posting record revenues.
\n Chesapeake Energy (NYSE:CHK) -2.6% following activity cutbacks.
\n Dish Network (NASDAQ:DISH) -4.5% AH amid declining subscribers.
\n Enterprise Products Partners (NYSE:EPD) -1.5% missing estimates.
\n GoPro (NASDAQ:GPRO) +13.3% AH smashing expectations.
\n Kraft Heinz (NASDAQ:KHC) +1.1% AH despite a drop in organic sales.
\n Shake Shack (NYSE:SHAK) -0.9% AH with light revenue guidance.
\n Teva Pharmaceutical (NYSE:TEVA) -24% as generic drugs got cheaper.
\n Viacom (NYSE:VIA) -7% AH on an uncertain outlook.
\n Yelp (NYSE:YELP) +18.3% AH following a deal with GrubHub.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:30 Non-farm payrolls
\n 8:30 International Trade
\n 1:00 PM Baker-Hughes Rig Count<\/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. Happy Employment Numbers Day. The Asian\/Pacific markets closed mixed. Japan, China and Singapore dropped; South Korea, India and the Philippines posted gains. Europe, Africa and the Middle East currently lean to the upside. Poland, Turkey, South Africa, Finland, Hungary, Portugal , Sweden and the Czech Republic are up; Russia and Israel […]<\/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\/10579"}],"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=10579"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10579\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}