{"id":10693,"date":"2017-08-29T07:37:07","date_gmt":"2017-08-29T12:37:07","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10693"},"modified":"2017-08-29T07:37:07","modified_gmt":"2017-08-29T12:37:07","slug":"before-the-open-aug-29-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10693","title":{"rendered":"Before the Open (Aug 29)"},"content":{"rendered":"

Good morning. Happy Tuesday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed with a lean to the downside. Thailand did well, but India, New Zealand, Australia, Malaysia, Singapore and the Philippines were weak. Europe, Africa and the Middle East<\/strong> are suffering some big losses. The UK, Poland, France, Germany, Greece, Denmark, Finland, Norway, Hungary, Spain, the Netherlands, Italy, Belgium, Portugal, Austria, Sweden and the Czech Republic are down more than 1%. Futures in the States<\/strong> point towards a relatively big gap down open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>There’s a Bull Market Somewhere<\/a>
\n—————<\/span>
\n The dollar is down. Oil and copper are up. Gold and silver are up. Bonds are up. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Intellia Therapeutics (NTLA +19.24%) was downgraded to ‘Neutral’ from ‘Buy’ at Chardan Capital Markets.<\/span>
\n JA Solar Holdings Co Ltd (JASO unch) was downgraded to ‘Sell’ from ‘Hold’ at Axion Capital with a price target of $5.<\/span>
\n Mellanox Technologies (MLNX +1.80%) was initiated a new ‘Buy’ at Benchmark Company LLC with a 12-month target price of $60.<\/span>
\n Juno Therapeutics (JUNO +18.71%) was upgraded to ‘Outperform’ from ‘Neutral’ at Wedbush.<\/span>
\n Best Buy (BBY +0.97%) jumped 5% in pre-market trading after it reported Q2 revenue of $8.94 billion, better than consensus of $8.66 billion, and said it sees Q3 revenue of $9.3 billion-$9.4 billion, above consensus of $8.99 billion.<\/span>
\n Jack Henry & Associates (JKHY +0.40%) was initiated at an ‘Overweight’ at Cantor Fitzgerald with a 12-month target price of $112.<\/span>
\n Avexis (AVXS -0.28%) slipped 3% in after-hours trading after it was initiated as a new ‘Reduce’ at Nomura Instinet.<\/span>
\n Catalent (CTLT +0.45%) jumped over 10% in after-hours trading after it reported Q4 net revenue of $616.9 million, higher than consensus of $574.4 million, and then raised its full-year revenue estimate to $2.16 billion-$2.24 billion, above consensus of $2.13 billion.<\/span>
\n Finish Line (FINL -2.34%) sank over 20% in after-hours trading after it cut its full-year adjusted EPS forecast to 50 cents-60 cents from a prior view of $1.12-$1.13, well below consensus of $1.12. Other athletic shoe makers fell in after-hours trading as well with Foot Locker (FL -0.50%) down -3% and Nike (NKE -0.32%) down over 1%.<\/span>
\n Prospect Capital (PSEC -1.26%) fell nearly 4% in after-hours trading after it reported Q4 net investment income of 19 cents per share, weaker than consensus of 21 cents.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:55 Redbook Chain Store Sales
\n 9:00 S&P Corelogic Case-Shiller Home Price Index
\n 10:00 Consumer Confidence
\n 10:00 State Street Investor Confidence Index
\n 1:00 PM Results of $28B, 7-Year Note Auction<\/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 Tuesday. The Asian\/Pacific markets closed with a lean to the downside. Thailand did well, but India, New Zealand, Australia, Malaysia, Singapore and the Philippines were weak. Europe, Africa and the Middle East are suffering some big losses. The UK, Poland, France, Germany, Greece, Denmark, Finland, Norway, Hungary, Spain, the Netherlands, Italy, Belgium, […]<\/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\/10693"}],"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=10693"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10693\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}