{"id":10677,"date":"2017-05-12T08:06:04","date_gmt":"2017-05-12T13:06:04","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10677"},"modified":"2017-05-12T08:06:04","modified_gmt":"2017-05-12T13:06:04","slug":"before-the-open-may-12-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10677","title":{"rendered":"Before the Open (May 12)"},"content":{"rendered":"

Good morning. Happy Friday.<\/span>
\n The Asian\/Pacific<\/strong> markets leaned to the downside. Japan, South Korea, New Zealand, Australia and Singapore posted losses; China and Indonesia posted gains. Europe<\/strong> is currently mixed. Russia and Greece are down; Turkey, Switzerland, Norway, Hungary and Italy are up. Futures in the States<\/strong> point towards a down open for the cash market. <\/span>
\nThe dollar is flat. Oil is flat; copper is up. Gold and silver are up. Bonds are up. <\/span>
\n This is the S&P over the last 13 days – a 24-point, or 1%, range. Individual stocks are moving – mostly because of earnings-related gaps – but everything is canceling out and resulting in the overall market going nowhere. <\/span>
\n\"\"
\n Unfortunately this has left us with very few good trading opportunities. Despite the overall trend, there just isn’t much out there to get excited about. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Nordstrom (JWN -7.60%) fell over 3% in pre-market trading after it reported total Q1 comparable-store-sales fell -0.8%, weaker than consensus of unchanged.<\/span>
\n General Electric (GE +0.59%) fell over 1% in pre-market trading after it was downgraded to ‘Sell’ from ‘Hold’ at Deutsche Bank.<\/span>
\n Hain Celestial Group (HAIN +0.22%) jumped 7% in after-hours trading after it said an internal accounting review was near completion and it will be able to file reports by the end of May.<\/span>
\n CyberArk Software Ltd (CYBR -0.18%) dropped over 6% in after-hours trading after it said it sees full-year adjusted EPS of $1.18-$1.22, below consensus of $1.24.<\/span>
\n Twilio (TWLO -0.64%) rose nearly 3% in after-hours trading on signs of insider buying after Chairman and CEO Jeff Lawson disclosed a May 10 purchase of 100,000 shares at $23.43.<\/span>
\n Spark Therapeutics (ONCE -2.63%) lost over 1% in after-hours trading after 840,000 shares were offered via Morgan Stanley at $56.75-$57.00<\/span>
\n Trade Desk (TTD -0.40%) rallied sharply by 17% in after-hours trading after it reported Q1 adjusted EPS of 18 cents, well above consensus of 1 cent, and said it sees Q2 revenue of $67 million, higher than consensus of $60.7 million.<\/span>
\n Darling Ingredients (DAR +0.13%) lost 3% in after-hours trading after it reported Q1 adjusted Ebitda of $102.5 million, below consensus of $107.0 million.<\/span>
\n CA Inc (CA -0.71%) rose 4% in after-hours trading after it reported Q4 adjusted EPS from continuing operations of 54 cents, higher than consensus of 49 cents.<\/span>
\n Presidio (PSDO +0.50%) tumbled nearly 8% in after-hours trading after it reported Q1 revenue of $628.8 million, weaker than consensus of $689.2 million.<\/span>
\n Akari Therapeutics PLC (AKTX +4.45%) tumbled over 15% in after-hours trading after CEO Dr. Gur Roshwalb was placed on administrative leave while a review on Edison Investment Research report on “Akari’s Coversin matches Soliris in Phase 2,” which contained “material inaccuracies,” is pending.<\/span>
\n Pandora Media (P -4.52%) gained nearly 2% in after-hours trading after Point 72 Asset Management LP reported a 5.4% stake in the company.<\/span>
\n Thursday’s Key Earnings<\/strong>
\n Nordstrom (NYSE:JWN) -4.1% AH on falling comps.
\n Macy’s (NYSE:M) -17% as weak sales continued.
\n Teva (NYSE:TEVA) +2% with plans to offload assets.<\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:30 Consumer Price Index
\n 8:30 Retail Sales
\n 9:00 Fed’s Evans: Monetary Policy
\n 10:00 Business Inventories
\n 10:00 Consumer Sentiment
\n 12:30 PM Fed’s Harker: Economic Outlook
\n 1:00 PM Baker-Hughes Rig Count<\/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. The Asian\/Pacific markets leaned to the downside. Japan, South Korea, New Zealand, Australia and Singapore posted losses; China and Indonesia posted gains. Europe is currently mixed. Russia and Greece are down; Turkey, Switzerland, Norway, Hungary and Italy are up. Futures in the States point towards a down open for the cash […]<\/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\/10677"}],"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=10677"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10677\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}