{"id":10593,"date":"2017-08-09T07:38:25","date_gmt":"2017-08-09T12:38:25","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10593"},"modified":"2017-08-09T07:38:25","modified_gmt":"2017-08-09T12:38:25","slug":"before-the-open-aug-9-6","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10593","title":{"rendered":"Before the Open (Aug 9)"},"content":{"rendered":"

Good morning. Happy Wednesday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly down. Japan, South Korea, India, Taiwan and Hong Kong posted sizable losses. Europe, Africa and the Middle East<\/strong> are currently mostly down. Poland, France, Germany, Finland, Switzerland, Spain, Italy, Belgium, Portugal, Austria and Sweden are down more than 1%. Futures in the States<\/strong> point towards a relatively big gap down for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>LeavittBrothers.net Overview<\/a>
\n—————<\/span>
\n The dollar is flat. Oil is up; copper is down. Gold and silver are up. Bonds are up. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Priceline Group (PCLN +0.31%) dropped over 6% in pre-market trading after it said it sees Q3 adjusted EPS of $32.40-$34.10, weaker than consensus of $34.14.<\/span>
\n Netflix (NFLX -1.64%) fell nearly 4% in pre-market trading after Disney said it will end its distribution agreement with Netflix for subscription streaming beginning in 2019.<\/span>
\n Walt Disney (DIS +0.59%) lost 4% in after-hours trading after it reported Q3 revenue of $14.24 billion, below consensus of $14.42 billion, and said it will end its partnership with Netflix and launch its own streaming service.<\/span>
\n Starbucks (SBUX -2.00%) was downgraded to ‘Market Perform’ from ‘Outperform’ at BMO Capital Markets.<\/span>
\n Monster Beverage (MNST -0.45%) slid 4% in after-hours trading after it reported Q2 EPS of 39 cents, below consensus of 40 cents.<\/span>
\n Jazz Pharmaceuticals PLC (JAZZ -2.10%) dropped 8% in after-hours trading after it reported Q2 adjusted EPS of $2.56, below consensus of $2.75.<\/span>
\n Alarm.com Holdings (ALRM +0.74%) rose 7% in after-hours trading after it reported Q2 revenue of $86 million, higher than consensus of $81 million, and then raised its full-year revenue estimate to $326.3 million-$327.8 million from a prior view of $325.6 million.<\/span>
\n Nuance Communications (NUAN +0.12%) fell 3% in after-hours trading after it reported Q3 adjusted revenue of $495.6 million, weaker than consensus of $498 million, and then cut its view on full-year adjusted revenue guidance to $1.95 billion-$1.98 billion from a May estimate of $2.03 billion-$2.07 billion.<\/span>
\n Hostess Brands (TWNK -1.37%) dropped over 6% in after-hours trading after it reported Q2 revenue of $203.2 million, below consensus of $205 million.<\/span>
\n MaxLinear (MXL +0.04%) sank 12% in after-hours trading after it reported Q2 net revenue of $104.2 million, weaker than consensus of $107.9 million, and then said it sees Q3 revenue of $114 million-$118 million, below consensus of $123.9 million.<\/span>
\n ACADIA Pharmaceuticals (ACAD -3.37%) rallied over 10% in after-hours trading after it reported Q2 revenue of $30.5 million, better than consensus of $20.0 million.<\/span>
\n OPKO Health (OPK -2.85%) lost 1% in after-hours trading after it reported Q2 revenue of $314.2 million, below consensus of $322.6 million.<\/span>
\n Fossil Group (FOSL +5.71%) plunged 20% in after-hours trading after it reported Q2 net sales of $596.8 million, weaker than consensus of $618 million, and then lowered guidance for full-year net sales to a loss of -4.5% to -8.5%, weaker than a previous forecast of -1.5% to -6.0%.<\/span>
\n ShotSpotter (SSTI -2.98%) jumped 14% in after-hours trading after it reported Q2 gross margins of 54%, stronger than expectations of 49.1%, and then raised its full-year revenue forecast to $21.5 million-$22.5 million from a prior view of $21 million.<\/span>
\n Tuesday’s Key Earnings<\/strong>
\n CVS Health (NYSE:CVS) -0.7% on slipping store sales.
\n Disney (DIS) -3.7% AH with a drag from TV.
\n Priceline (NASDAQ:PCLN) -6.5% AH as guidance fell short.
\n Valeant (NYSE:VRX) +1.8% making progress on debt repayments.<\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 7:00 MBA Mortgage Applications
\n 8:30 Productivity and Costs
\n 10:00 Wholesale Trade
\n 10:30 EIA Petroleum Inventories
\n 1:00 PM Fed’s Evans: Monetary Policy
\n 1:00 PM Results of $20B, 10-Year Note Auction<\/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 mostly down. Japan, South Korea, India, Taiwan and Hong Kong posted sizable losses. Europe, Africa and the Middle East are currently mostly down. Poland, France, Germany, Finland, Switzerland, Spain, Italy, Belgium, Portugal, Austria and Sweden are down more than 1%. 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\/10593"}],"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=10593"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10593\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}