{"id":10705,"date":"2017-08-31T07:46:20","date_gmt":"2017-08-31T12:46:20","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10705"},"modified":"2017-08-31T07:46:20","modified_gmt":"2017-08-31T12:46:20","slug":"before-the-open-aug-31-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10705","title":{"rendered":"Before the Open (Aug 31)"},"content":{"rendered":"

Good morning. Happy Thursday.<\/span>
\n The Asian\/Pacific<\/strong> markets closed with a lean to the upside. Japan, New Zealand, Australia and Malaysia did the best; Hong Kong and South Korea lagged. Europe, Africa and the Middle East<\/strong> are mostly up. The UK, France, Germany, Denmark, Finland, Russia, Switzerland, Norway, Spain, Italy, Austria and Sweden are leading; Nigeria and the Czech Republic are down. 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. Oil and copper are up. Gold and silver are down. Bonds are up. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n FMC Corp (FMC +0.06%) was upgraded to ‘Buy’ from ‘Underperform’ at Bank of America\/Merrill Lynch with a price target of $103.<\/span>
\n Hasbro (HAS +0.47%) was upgraded to ‘Overweight’ from not rated at Keybanc Capital Markets with a 12-month target price of $112.<\/span>
\n Owens Corning (OC +2.24%) was upgraded to ‘Outperform’ from ‘Market Perform’ at Wells Fargo Securities with a target price of $83.<\/span>
\n Patterson-UTI (PTEN +0.70%) was initiated with a ‘Buy’ at Societe Generale with a 12-month target price of $22.<\/span>
\n Workday (WDAY +3.00%) climbed 3% in after-hours trading after it reported Q2 adjusted EPS of 24 cents, well above consensus of 15 cents.<\/span>
\n Five Below (FIVE +1.44%) jumped almost 6% in after-hours trading after it reported Q2 EPS of 30 cents, better than consensus of 26 cents, and then said it sees full-year EPS of $1.62 to $1.66, higher than consensus of $1.29.<\/span>
\n YY Inc. (YY +2.26%) gained over 1% in after-hours trading after it was initiated with a ‘Buy’ at Goldman Sachs with a 12-month target price of $101.<\/span>
\n Momo Inc. (MIMO) rose over 2% in after-hours trading after it was initiated with a ‘Buy’ at Goldman Sachs with a 12-month target price of $56.<\/span>
\n Semtech (SMTC +3.72%) dropped over 10% in after-hours trading after it said it sees Q3 adjusted net sales of $152 million to $160 million, below consensus of $160.5 million.<\/span>
\n Box Inc. (BOX +1.87%) slid nearly 3% in after-hours trading after it said it sees Q3 revenue of $128 million to $129 million, less than consensus of $129.1 million, and then said it sees full-year revenue of $503 million to $506 million, the mid-point below consensus of $505.7 million.<\/span>
\n Shoe Carnival (SCVL +4.12%) jumped 12% in after-hours trading after it reported Q2 net sales of $235.1 million, above consensus of $231.3 million, and then said it expects full-year net sales of $1.01 billion to $1.02 billion, better than consensus of $1.0 billion.<\/span>
\n DryShips (DRYS -11.63%) plunged 20% in after-hours trading after it reported a Q2 loss per share of -$37.12 and after it said it received a subpoena from the SEC for information related to its sale of stock between June 2016 and July 2017.<\/span>
\n Today’s Economic Calendar<\/strong>
\n Chain Store Sales
\n 7:30 Challenger Job-Cut Report
\n 8:30 Initial Jobless Claims
\n 8:30 Personal Income and Outlays
\n 9:45 Chicago PMI
\n 9:45 Bloomberg Consumer Comfort Index
\n 10:00 Pending Home Sales
\n 10:30 EIA Natural Gas Inventory
\n 4:30 PM Money Supply
\n 4:30 PM Fed Balance Sheet<\/span><\/span><\/span><\/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 with a lean to the upside. Japan, New Zealand, Australia and Malaysia did the best; Hong Kong and South Korea lagged. Europe, Africa and the Middle East are mostly up. The UK, France, Germany, Denmark, Finland, Russia, Switzerland, Norway, Spain, Italy, Austria and Sweden are leading; Nigeria […]<\/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\/10705"}],"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=10705"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10705\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}