{"id":10681,"date":"2017-05-31T08:00:00","date_gmt":"2017-05-31T13:00:00","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10681"},"modified":"2017-05-31T08:00:00","modified_gmt":"2017-05-31T13:00:00","slug":"before-the-open-may-31-6","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10681","title":{"rendered":"Before the Open (May 31)"},"content":{"rendered":"

Good morning. Happy Wednesday.<\/span>
\n The Asian\/Pacific<\/strong> markets closed mixed. China and Indonesia did well; Japan, Hong Kong and Taiwan posted losses. Europe<\/strong> is currently doing well. The UK, Poland, Turkey, Germany, Denmark, Spain and Sweden are up; Russia, Norway and Austria are down. Futures in the States<\/strong> point towards a moderate gap up open for the cash market. <\/span>
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\n The dollar is down. Oil and copper are down. Gold is up; silver is down. Bonds are down. <\/span>
\n Last day of May. The S&P is up 29 points, or 1.2%. The Russell 2000 is down 29 points, or 2.1%. The Nas 100 is up 211 points, or 3.8%. There’s a big difference between the best and worst. A nearly-4% monthly gain for an index is massive. A 2.1% drop from another index during the same month is noticeable. Here are the charts. <\/span>
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\n Big-cap tech and boring blue chips are leading. Tesla broke out yesterday to a new high to join Amazon, Netflix, Nvidia, Microsoft and Google. It’s where a lot of money has gone, but 3M, McDonalds, Costco and others like it have done just as well. <\/span>
\n The trend is up. Don’t over-analyze. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n VMware (VMW -0.07%) ws upgraded to ‘Outperform’ from ‘Neutral’ at Baird with a price target of $115.<\/span>
\n Irobot (IRBT +2.76%) was downgraded to ‘Hold’ from ‘Buy’ at Canaccord Genuity with a price target of $90.<\/span>
\n Gogo (GOGO -0.47%) was initiated with a recommendation pf ‘Outperform’ at Raymond James with a 12-month target price of $15.<\/span>
\n Intuitive Surgical (ISRG +0.45%) gained almost 1% in after-hours trading after its da Vinci X Surgical System received FDA clearance in the U.S.<\/span>
\n Exact Sciences (EXAS -2.01%) jumped 7% in after-hours trading after UnitedHealth expanded colonography coverage using CT colonography and other preventative care related to colonoscopies.<\/span>
\n Mallinckrodt PLC (MNK +0.90%) rose nearly 2% in after-hours trading after Reuters reported that the company is exploring the sale of its generic drug unit.<\/span>
\n James River Group Holdings Ltd (JRVR -1.31%) lost over 1% in after-hours trading after it announced a secondary offering of 4.25 million shares by “significant” shareholders.<\/span>
\n Apollo Commercial Real Estate Finance (ARI -0.05% slipped 3% in after-hours trading after it announced that it had commenced an underwritten public offering of 12.0 million shares of common stock.<\/span>
\n Quanex Building Products (NX -0.26%) rose 5% in after-hours trading after it reported Q2 sales of $209.13 million, better than consensus of $205.5 million.<\/span>
\n Extended Stay America (STAY -1.07%) lost almost 1% in after-hours trading after it announced a secondary offering of 25.0 million paired shares with each paired share consisting of a share of common stock of Extended Stay America and a share of Class B common stock of ESH Hospitality.<\/span>
\n Hertz Global Holdings (HTZ -0.63%) climbed 3% in after-hours trading after it said it plans a $1 billion sale of secured bonds to refinance debt.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 7:00 MBA Mortgage Applications
\n 8:55 Redbook Chain Store Sales
\n 9:45 Chicago PMI
\n 10:00 Pending Home Sales
\n 2:00 PM Fed’s Beige Book
\n 3:00 PM Farm Prices
\n 7:30 PM Fed’s Williams Speech<\/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 Wednesday. The Asian\/Pacific markets closed mixed. China and Indonesia did well; Japan, Hong Kong and Taiwan posted losses. Europe is currently doing well. The UK, Poland, Turkey, Germany, Denmark, Spain and Sweden are up; Russia, Norway and Austria are down. Futures in the States point towards a moderate gap up open for […]<\/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\/10681"}],"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=10681"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10681\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}