{"id":10669,"date":"2017-05-05T08:00:42","date_gmt":"2017-05-05T13:00:42","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10669"},"modified":"2017-05-05T08:00:42","modified_gmt":"2017-05-05T13:00:42","slug":"before-the-open-may-5-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10669","title":{"rendered":"Before the Open (May 5)"},"content":{"rendered":"

Good morning. Happy Friday. Happy Employment Numbers Day. <\/span>
\n The Asian\/Pacific<\/strong> markets were weak. China, Hong Kong, India, Taiwan and Australia posted the biggest losses. Europe<\/strong> is currently little changed. Hungary and Italy are up; Poland is down. Futures in the States<\/strong> prior to the jobs report were up a small amount. <\/span>
\n—————
\n VIDEO: <\/strong>The Trend is Your Friend<\/a>
\n—————<\/span>
\n The dollar is flat. Oil is down; copper is flat. Gold and silver are up. Bonds are mixed. <\/span>
\n Here are the employment numbers:<\/span>
\n unemployment rate: 4.4% (was 4.5% last month)
\n nonfarm payrolls: +211K
\n private payrolls:
\n average workweek: up 0.1 hour to 34.4 hours
\n hourly wages: up 0.3% to $26.19\/hour
\n labor participation rate:<\/span><\/span><\/span><\/span><\/span><\/span>
\n March job gain cut from 98K to 79K.
\n February’s gain was raised from 219K to 232K.<\/span><\/span>
\n After the release, futures added to their small gains. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Universal Display Corp (OLED -0.72%) rallied 13% in after-hours trading at a Q1 EPS beat.<\/span>
\n Wingstop (WING -0.58%) rallied 12% in after-hours trading at a positive Q1 earnings report.<\/span>
\n Callaway Golf (ELY +1.00%) rallied 11% in after-hours trading on positive Q2 sales guidance.<\/span>
\n Zynga (ZNGA -2.07%) rallied 6% in after-hours trading after beating Q1 revenue and EPS forecasts.<\/span>
\n HerbaLife (HLF -0.35%) rallied 5% in after-hours trading on higher than expected EPS guidance.<\/span>
\n Shake Shack (SHAK -2.67%) fell 5% in after-hours trading due to a Q1 sales miss on reduced traffic tied to bad weather.<\/span>
\n Activision Blizzard (ATVI +0.49%) fell 1.3% in after-hours trading after issuing a cautious outlook.<\/span>
\n Thursday’s Key Earnings<\/strong>
\n Activision Blizzard (NASDAQ:ATVI) -2.1% AH despite help from mobile.
\n Apache (NYSE:APA) -1.8% missing earnings estimates.
\n CBS (NYSE:CBS) +2.6% AH upping fees, streaming growth.
\n Chesapeake Energy (NYSE:CHK) -7.4% on falling production.
\n Herbalife (NYSE:HLF) +7.1% AH after topping expectations.
\n Occidental Petroleum (NYSE:OXY) -3.6% with disappointing outlook.
\n Shake Shack (NYSE:SHAK) -2.1% AH on declining same-store sales.
\n Zynga (NASDAQ:ZNGA) +7.8% AH growing revenues and user base.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:30 Non-farm payrolls
\n 11:30 Stanley Fischer speech
\n 12:45 PM Fed’s Williams Speech
\n 1:00 PM Baker-Hughes Rig Count
\n 1:30 PM Janet Yellen speech
\n 1:30 PM Fed’s Bullard, Evans, Rosengren speech
\n 3:00 PM Consumer Credit<\/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 Friday. Happy Employment Numbers Day. The Asian\/Pacific markets were weak. China, Hong Kong, India, Taiwan and Australia posted the biggest losses. Europe is currently little changed. Hungary and Italy are up; Poland is down. Futures in the States prior to the jobs report were up a small amount.<\/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\/10669"}],"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=10669"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10669\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}