{"id":10589,"date":"2017-08-08T07:51:53","date_gmt":"2017-08-08T12:51:53","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10589"},"modified":"2017-08-08T07:51:53","modified_gmt":"2017-08-08T12:51:53","slug":"before-the-open-aug-8-6","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10589","title":{"rendered":"Before the Open (Aug 8)"},"content":{"rendered":"

Good morning. Happy Tuesday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mixed. India and Australia dropped the most; Indonesia did well. The rest closed close to home. Europe<\/strong> is currently mixed. Poland, Russia, Romania and the Czech Republic are up; Germany, Denmark, South Africa, Hungary and Saudi Arabia are down. Futures in the States<\/strong> point to a down open for the cash market. <\/span>
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\n VIDEO: <\/strong>LeavittBrothers.net Overview<\/a>
\n—————<\/span>
\n The dollar is down. Oil is flat; copper is down. Gold and silver are up. Bonds are up. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Beazer Homes (BZH +4.08%) was downgraded to ‘Neutral’ from ‘Outperform’ at Wedbush.<\/span>
\n Amazon.com (AMZN +0.47%) was initiated with a ‘Buy’ at Mizuho Securities USA with a 12-month target price of $1,250.<\/span>
\n Avis Budget Group (CAR +3.66%) declined over 8% in after-hours trading after it reported Q2 net revenue of $2.24 billion, weaker than consensus of $2.27 billion, and then lowered its full-year adjusted EPS estimate to $2.40-$2.85 from a prior view of $2.85-$3.50.<\/span>
\n Twilo (TWLO +4.52%) jumped 13% in pre-market trading after it reported Q2 revenue of $95.9 million, higher than consensus of $86.2 million, and then raised guidance on full-year revenue to $371 million-$375 million from a prior view of $356 million-$362 million, above consensus of $359.8 million.<\/span>
\n Essent Group Ltd (ESNT +1.60%) lost over 1% in after-hours trading after it announced that it had commenced a proposed underwritten public offering of 5.0 million shares of is common stock.<\/span>
\n MyoKardia (MYOK +83.38%) slipped over 1% in after-hours trading after it announced that it had commenced a proposed underwritten public offering of 3.5 million shares of its common stock.<\/span>
\n Inphi (IPHI +2.13%) climbed nearly 6% in after-hours trading after it reported Q2 adjusted EPS from continuing operations of 35 cents, higher than consensus of 33 cents.<\/span>
\n Tenet Healthcare (THC -0.48%) slumped 10% in after-hours trading after it reported Q2 net operating revenue of $4.8 billion, less than consensus of $4.9 billion, and then said it sees full-year revenue of $19.1 billion-$19.4 million, below consensus of $19.77 billion.<\/span>
\n Quantenna Communications (QTNA -0.41%) rose over 5% in after-hours trading after it reported Q2 revenue of $47.1 million, better than consensus of $42.9 million, and then said it sees Q3 revenue of $49 million-$51 million, above consensus of $47.7 million.<\/span>
\n Brookdale Senior Living (BKD -8.54%) climbed over 4% in after-hours trading after it reported Q2 revenue of $1.19 billion, higher than consensus of $1.14 billion.<\/span>
\n FibroGen (FGEN -4.57%) soared over 50% in after-hours trading after its pamrevlumab drug met the primary endpoint of change in forced vital capacity in a Phase 2 study of patients with idiopathic pulmonary fibrosis.<\/span>
\n Coherus Biosciences (CHRS -2.36%) lost almost 5% in after-hours trading after it said Q2 revenue fell to $1.4 million from $14.1 million y\/y and Q2 R&D spending dropped to $34.5 million from $65.5 million.<\/span>
\n Manitowoc (MTW +2.63%) rallied 9% in after-hours trading after it improved its view on full-year revenue to down about 5%-7% from a May 8 estimate of down 8%-10%.<\/span>
\n Vonage Holdings (VG +0.91%) rallied nearly 5% in after-hours trading when it was announced that it will replace CoreSite Realty in the S&P SmallCap 600 before the open of trade on Thursday, Aug 10.<\/span>
\n Depomed (DEPO -2.53%) dropped 10% in after-hours trading after it said it sees full-year revenue of $395 million-$410 million, below consensus of $416.3 million, and then said it received subpoenas from the U.S. Senate Committee on Homeland Security and Governmental Affairs for information on opioid sales and marketing.<\/span>
\n Monday’s Key Earnings<\/strong>
\n CBS (NYSE:CBS) +0.6% AH on broad revenue gains.
\n LendingClub (NYSE:LC) +7.3% AH following impressive guidance.
\n MannKind (NASDAQ:MNKD) -6.8% AH missing earnings estimates.
\n Marriott (NYSE:MAR) -3% AH despite a deal with Alibaba.
\n Twilio (NYSE:TWLO) +12% AH beating expectations.<\/span><\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 6:00 NFIB Small Business Optimism Index
\n 8:55 Redbook Chain Store Sales
\n 10:00 Job Openings and Labor Turnover Survey
\n 1:00 PM Results of $24B, 3-Year Note Auction<\/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. India and Australia dropped the most; Indonesia did well. The rest closed close to home. Europe is currently mixed. Poland, Russia, Romania and the Czech Republic are up; Germany, Denmark, South Africa, Hungary and Saudi Arabia are down. Futures in the States point to a down […]<\/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\/10589"}],"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=10589"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10589\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}