{"id":10655,"date":"2017-08-24T07:41:08","date_gmt":"2017-08-24T12:41:08","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10655"},"modified":"2017-08-24T07:41:08","modified_gmt":"2017-08-24T12:41:08","slug":"before-the-open-aug-24-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10655","title":{"rendered":"Before the Open (Aug 24)"},"content":{"rendered":"

Good morning. Happy Thursday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mixed. Hong Kong, South Korea and Taiwan did well; Japan and China were weak. Europe, Africa and the Middle East<\/strong> currently lean to the upside. Poland, Turkey, South Africa, Russia, Kenya, Hungary, Spain, Italy and Austria are doing well. Futures in the States<\/strong> point towards a positive open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>There’s a Bull Market Somewhere<\/a>
\n—————<\/span>
\n The dollar is up a small amount. Oil is down; copper is up. Gold and silver are down slightly. Bonds are down. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Chipotle Mexican Grill (CMG -2.76%) was upgraded to ‘Equal-Weight’ from ‘Underweight’ at Stephens.<\/span>
\n Hormel Foods (HRL -1.34%) may open lower this morning after it reported Q3 net sales of $2.21 billion, below consensus of $2.23 billion, and then cut its full-year EPS forecast to $1.54-$1.58 from a May estimate of $1.65-$1.71.<\/span>
\n Heico (HEI -1.16%) reported Q3 net sales of $391.5 million, above consensus of $390.5 million, and then boosted its full-year net sales forecast to 9% to 11% from a prior estimate of +8% to +10%.<\/span>
\n PVH Corp. (PVH -0.23%) climbed nearly 4% in after-hours trading after it reported Q2 adjusted EPS of $1.69, above consensus of $1.64, and then raised guidance on its view for full-year adjusted EPS to $7.60-$8.70 from a prior view of $7.40-$7.50, better than consensus of $7.48.<\/span>
\n Williams-Sonoma (WSM +1.28%) jumped over 7% in after-hours trading after it reported Q2 comparable sales were up +2.8%, higher than consensus of +2.6%, and then said it sees Q3 revenue of $1.27 billion-$1.31 billion, stronger than consensus of $1.28 billion.<\/span>
\n Global Blood Therapeutics (GBT unch) dropped 3% in after-hours trading after it filed an S-3 for a $125 million mixed shelf offering.<\/span>
\n HP Inc. (HPQ -0.84%) lost over 1% in after-hours trading when it said it sees Q4 adjusted EPS of 42 cents-45 cents, the midpoint below consensus of 44 cents.<\/span>
\n Raven Industries (RAVN -1.83%) reported Q2 revenue of $86.6 million, higher than consensus of $82 million<\/span>
\n Tilly’s (TLYS +10.09%) jumped 7% in after-hours trading after it reported Q2 adjusted EPS of 11 cents, well above consensus of 5 cents, and then said it sees Q3 EPS of 19 cents to 24 cents, higher than consensus of 17 cents.<\/span>
\n Guess? (GES +0.89%) jumped over 10% in after-hours trading after it reported Q2 adjusted EPS of 19 cents, much better than consensus of 10 cents, and then raised its full-year adjusted EPS forecast to 52 cents-60 cents, higher than consensus of 41 cents.<\/span>
\n China Cord Blood Corp (CO +1.46%) rallied 14% in after-hours trading after it said its Q1 gross margin increased to 80.0% from 78.4% and that new subscribers rose 22,523, up +35.4%.<\/span>
\n Abercrombie & Fitch (ANF +5.03%) rose over 3% in after-hours trading on optimism that the company’s Q2 earnings, to be released Thursday morning, will be better than expected.<\/span>
\n Wednesday’s Key Earnings<\/strong>
\n HP (NYSE:HPQ) -0.6% AH despite FQ3 beat, positive guidance.
\n Lowe’s (NYSE:LOW) -3.7% following an earnings miss.<\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:30 Initial Jobless Claims
\n 9:45 Bloomberg Consumer Comfort Index
\n 10:00 Existing Home Sales
\n 10:30 EIA Natural Gas Inventory
\n 11:00 Kansas City Fed Mfg Survey
\n 4:30 PM Money Supply
\n 4:30 PM Fed Balance Sheet<\/span><\/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 Thursday. The Asian\/Pacific markets closed mixed. Hong Kong, South Korea and Taiwan did well; Japan and China were weak. Europe, Africa and the Middle East currently lean to the upside. Poland, Turkey, South Africa, Russia, Kenya, Hungary, Spain, Italy and Austria are doing well. Futures in the States point towards a positive […]<\/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\/10655"}],"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=10655"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10655\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}