{"id":10725,"date":"2017-09-06T07:48:21","date_gmt":"2017-09-06T12:48:21","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10725"},"modified":"2017-09-06T07:48:21","modified_gmt":"2017-09-06T12:48:21","slug":"before-the-open-sep-6-5","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10725","title":{"rendered":"Before the Open (Sep 6)"},"content":{"rendered":"

Good morning. Happy Wednesday. <\/span>
\n The Asian\/Pacific<\/strong> markets leaned to the downside. Hong Kong, India, Taiwan, Singapore and the Philippines posted the biggest losses. Europe, Africa and the Middle East<\/strong> currently leans down. Germany, Italy and Saudi Arabia are up, but the UK, Denmark, South Africa, Switzerland, Norway and Sweden 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 flat. Oil and copper are up. Gold is flat; silver is up. Bonds are mixed and virtually flat. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Rockwell Collins (COL +0.30%) was downgraded to ‘Hold’ from ‘Buy’ at Drexel Hamilton LLC.<\/span>
\n Marathon Petroleum (MPC -4.59%) was downgraded to ‘Market Perform’ from ‘Outperform’ at Wells Fargo Securities.<\/span>
\n Exxon Mobil (XOM +0.80%) was upgraded to ‘Neutral’ from ‘Sell’ at UBS.<\/span>
\n Hewlett Packard Enterprise (HPE -1.89%) rose 5% in after-hours trading after it reported Q3 net revenue of $8.21 billion, higher than consensus of $7.50 billion.<\/span>
\n Dave & Busters Entertainment (PLAY +0.52%) dropped 5% in after-hours trading after it reported Q2 comparable sales were up +1.1%, weaker than consensus of +2.6%.<\/span>
\n Electronics for Imaging (EFII -1.01%) jumped 8% in after-hours trading after it said it sees Q3 adjusted EOS of 55 cents-60 cents, the midpoint above consensus of 56 cents.<\/span>
\n Microchip Technology (MCHP -1.55%) lost 1% in after-hours trading after it reaffirmed its Q2 financial outlook.<\/span>
\n Portola Pharmaceuticals (PTLA -5.47%) slipped nearly 3% in after-hours trading as a disagreement with the FDA on relevance of a 2nd polymorph in its Bevyxxa drug may delay the launch of the drug until Nov 2017 and possibly Q1 of 2018.<\/span>
\n Monster Beverage (MNST +0.48%) rose 2% in after-hours trading after the Deal.com speculated Cocoa-Cola may acquire MNST as it already has a 16.7% stake in the company.<\/span>
\n HealthEquity (HQY -0.43%) rallied 7% in after-hours trading after it said it sees full-year revenue of $223 million-$228 million, the midpoint above consensus of $224.8 million.<\/span>
\n Coupa Software (COUP -2.41%) climbed 8% in after-hours trading after it reported Q2 revenue of $44.6 million, higher than consensus of $41.6 million, and said it sees full-year revenue of $177 million-$179 million, better than consensus of $174.3 million.<\/span>
\n GoDaddy (GDDY +0.51%) slid -0.5% in after-hours trading after it announced that it intends to offer 20.5 million shares of its common stock in an underwritten public offering.<\/span>
\n Duluth Holdings ({=DLTH jumped nearly 8% in after-hours trading after it reported Q2 EPS of 13 cents, better than consensus of 10 cents.<\/span>
\n At Home Group (HOME +0.99%) gained over 1% in after-hours trading after it reported Q2 adjusted proforma EPS of 18 cents, above consensus of 17 cents.<\/span>
\n Kratos Defense & Security Solutions (KTOS +3.14%) dropped over 5% in after-hours trading after it announced that it intends to offer 12.5 million shares of its common stock in an underwritten public offering.<\/span>
\n Tuesday’s Key Earnings<\/strong>
\n Hewlett Packard Enterprise (NYSE:HPE) +4.3% AH on Q3 beat.
\n HealthEquity (NASDAQ:HQY) +6% AH on Q2 beat.
\n Coupa Software (NASDAQ:COUP) +4.8% AH on Q2 revenue growth.
\n Dave & Buster’s (NASDAQ:PLAY) -7% AH on weak same-store sales growth.
\n Duluth Holdings (NASDAQ:DLTH) +8.9% AH on strong Q2 earnings.
\n At Home Group (NASDAQ:HOME) +4.5% AH on Q2 revenue growth.<\/span><\/span><\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 7:00 MBA Mortgage Applications
\n 8:30 International Trade
\n 8:55 Redbook Chain Store Sales
\n 9:45 PMI Services Index
\n 10:00 ISM Non-Manufacturing Index
\n 2:00 PM Fed’s Beige Book<\/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 leaned to the downside. Hong Kong, India, Taiwan, Singapore and the Philippines posted the biggest losses. Europe, Africa and the Middle East currently leans down. Germany, Italy and Saudi Arabia are up, but the UK, Denmark, South Africa, Switzerland, Norway and Sweden are down. Futures in the States […]<\/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\/10725"}],"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=10725"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10725\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}