{"id":10605,"date":"2017-08-11T07:41:28","date_gmt":"2017-08-11T12:41:28","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10605"},"modified":"2017-08-11T07:41:28","modified_gmt":"2017-08-11T12:41:28","slug":"before-the-open-aug-11-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10605","title":{"rendered":"Before the Open (Aug 11)"},"content":{"rendered":"

Good morning. Happy Friday.<\/span>
\n The Asian\/Pacific<\/strong> posted relatively big losses. China, Hong Kong, South Korea, India, New Zealand, Australia, Indonesia and Singapore all dropped 1% or more. Europe, Africa and the Middle East<\/strong> is mostly down. The UK, France, Turkey, South Africa, Finland, Russia, Austria, Sweden, Norway, Spain, the Netherlands, Italy, Belgium, Portugal and Israel are all down more than 1%. Futures in the States<\/strong> point towards a negative open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>The Decennial Pattern – With a Focus on Years Ending in 7, 8 and 9<\/a>
\n—————<\/span>
\n The dollar is flat. Oil and copper are down small amounts. Gold and silver are up. Bonds are up. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Goldman Sachs (GS -2.39%) was downgraded to ‘Hold’ from ‘Buy’ at HSBC.<\/span>
\n J.C. Penney (JCP -8.72%) tumbled over 6% in pre-market trading after it reported a Q2 adjusted loss per share of -9 cents, wider than consenus of -4 cents.<\/span>
\n Nvidia (NVDA -4.28%) fell almost 5% in after-hours trading after it reported Q2 revenue of $181.7 million, below consensus of $185.8 million, and said Q2 daily active users were 173 million, less than expectations of 175 million.<\/span>
\n Barracuda Networks (CUDA -3.41%) rallied almost 5% in after-hours trading when it was announced that it will replace Sabra Health Care in the S&P SmallCap 600 before the open of trade on Thursday, August 17.<\/span>
\n Kohl’s (KSS -5.80%) rose almost 1% in after-hours trading after it was upgraded to ‘Neutral’ from ‘Underperform’ at Credit Suisse.<\/span>
\n Trade Desk (TTD -7.28%) jumped 9% in after-hours trading after it reported Q2 adjusted EPS of 52 cents. well above consensus of 19 cents, and said it sees Q3 revenue of $76 million, better than consensus of $74.1 million.<\/span>
\n Nordstrom (JWN -4.29%) climbed over 3% in after-hours trading after it reported Q2 revenue of $3.79 billion, better than consensus of $3.75 billion.<\/span>
\n Paylocity Holding Corp. (PCTY -2.98%) rallied 6% in after-hours trading after it reported Q4 adjusted EPS of 9 cents, well above consensus of 1 cent<\/span>
\n Camping World Holdings (CWH -2.93%) jumped nearly 7% in after-hours trading after it reported Q2 adjusted proforma EPS of 91 cents, well above consensus of 69 cents.<\/span>
\n Norwegian Cruise Line Holdings (NCLH -2.21%) slid almost 4% in after-hours trading after it announced the launch of a secondary public offering of 15 million shares by shareholders.<\/span>
\n Pfizer (PFE -0.09%) lost almost 1% in after-hours trading after the company said the U.S. Justice Department is investigating its generic-drug business as part of an industrywide probe into possible price fixing by drug makers.<\/span>
\n Snap (SNAP +1.55%) tumbled over 12% in after-hours trading after it reported Q2 revenue of $181.7 million, weaker than consensus of $185.8 million, and said it had 173 million Q2 active users, below expectations of 175 million.<\/span>
\n Noodles & Co. (NDLS -2.50%) rose almost 4% in after-hours trading after it said it sees opening 17 new restaurants in 2017, compared with a prior expectation of 14-17 restaurants.<\/span>
\n Thursday’s Key Earnings<\/strong>
\n Kohl’s (NYSE:KSS) -5.8% on its latest revenue drop.
\n Macy’s (NYSE:M) -10.3% with falling comparable sales.
\n Nordstrom (NYSE:JWN) +2.8% AH boosting same-store sales.
\n Nvidia (NASDAQ:NVDA) -4.3% AH as server growth slowed down.
\n Snap (NYSE:SNAP) -14.4% AH amid slowing user growth.<\/span><\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:30 Consumer Price Index
\n 1:00 PM Baker-Hughes Rig Count<\/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. The Asian\/Pacific posted relatively big losses. China, Hong Kong, South Korea, India, New Zealand, Australia, Indonesia and Singapore all dropped 1% or more. Europe, Africa and the Middle East is mostly down. The UK, France, Turkey, South Africa, Finland, Russia, Austria, Sweden, Norway, Spain, the Netherlands, Italy, Belgium, Portugal 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\/10605"}],"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=10605"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10605\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}