{"id":10753,"date":"2017-09-13T07:47:59","date_gmt":"2017-09-13T12:47:59","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10753"},"modified":"2017-09-13T07:47:59","modified_gmt":"2017-09-13T12:47:59","slug":"before-the-open-sep-13-6","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10753","title":{"rendered":"Before the Open (Sep 13)"},"content":{"rendered":"

Good morning. Happy Wednesday. <\/span>
\n The Asian\/Pacific<\/strong> markets leaned to the downside. Japan posted a gain; Hong Kong, Indonesia and Taiwan posted losses. Europe, Africa and the Middle East<\/strong> are mixed and somewhat quiet. Greece, Russia, Norway, Portugal and the Czech Republic are up; Denmark, Finland and Bulgaria are down. Futures in the States<\/strong> point towards a down open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>My Favorite Intermediate Term Trading Setup<\/a>
\n—————<\/span>
\n The dollar is down. Oil is up; copper is down. Gold and silver are up. Bonds are up. <\/span>
\n Very quietly, while the market has posted big gains the last few days in route to the S&P closing at a new all-time high, oil has gotten above its 50-day MA. Crude has been a drag. If the group moves up, there won’t be much to hold the market back. <\/span>
\n\"\"
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Apple (AAPL -0.40%) is down -0.5% in pre-market trading on a less than enthusiastic response to the company’s unveiling of its new iPhone late Tuesday.<\/span>
\n Rockwell Collins (COL +0.12%) was downgraded to ‘Neutral’ from ‘Outperform’ at Baird.<\/span>
\n EOG Resources (EOG +0.61%) was upgraded to ‘Overweight’ from ‘Equal Weight’ at Morgan Stanley with a price target of $106.<\/span>
\n US Foods Holding (USFD +2.03%) was upgraded to ‘Overweight’ from ‘Equal Weight’ at Barclays with a price target of $32.<\/span>
\n DowDuPont (DWDP +2.50%) was upgraded to ‘Outperform’ from ‘Market Perform’ at Cowen with a price target of $80.<\/span>
\n Nordstrom (JWN +0.74%) rallied 9% in after-hours trading on a report that private equity firm Leonard Green & Partners may help fund a buyout of Nordstrom,<\/span>
\n Centene (CNC +0.38%) jumped nearly 7% in after-hours trading after it purchased Fidelis Care for $3.75 billion, a deal that will allow it to enter New York’s health-insurance market.<\/span>
\n Accra Therapeutics (AKCA +1.33%) rose 3% in after-hours trading after it filed a new drug submission to Health Canada for volanessorsen, an investigational medicine for the treatment of familial chylomicron syndrome.<\/span>
\n Micron (MU +2.54%) was upgraded to ‘Buy’ from ‘Neutral’ at Goldman Sachs with a price target of $40.<\/span>
\n A-Mark Precious Metals (AMRK +4.38%) tumbled over 10% in after-hours trading after it reported fiscal Q4 revenue fell -24% y\/y to $1.33 billion amid “historically low sales levels at the U.S. mint.”<\/span>
\n Zagg Inc. (ZAGG +4.29%) gained over 1% in after-hours trading after it announced a universal mophie wireless charging base for the iPhone 8, iPhone 8 Plus and the iPhone X.<\/span>
\n Inventure Foods (SNAK -1.18%) surged over 25% in after-hours trading after it sold its frozen foods operations for $50 million to Oregon Potato.<\/span>
\n From Seeking Alpha, shares in Apple’s (AAPL) suppliers slumped overnight after the new iPhone X disappointed with a later than expected shipping date, on Nov. 3. The $999 price tag could also dent demand for the device in some markets. Across Asia: Zhejiang Crystal-Optech -6.7%, Shenzhen Desay Battery Tech -4.4%, AMS -4.1%, Catcher -5%, Largan -3.8%, Goertek -3.6%, Wistron -3.4%, Shenzhen O-film Tech -3.4%, Pegatron -3.1%, LG Innotek -1.8%, Hon Hai -1.3%, Zhejiang Tony Electronic -1.1%, Han’s Laser -1.1%, TSMC -0.5%.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 7:00 MBA Mortgage Applications
\n 8:30 Producer Price Index
\n 10:30 EIA Petroleum Inventories
\n 1:00 PM Results of $12B, 30-Year Note Auction
\n 2:00 PM Treasury Budget<\/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. Japan posted a gain; Hong Kong, Indonesia and Taiwan posted losses. Europe, Africa and the Middle East are mixed and somewhat quiet. Greece, Russia, Norway, Portugal and the Czech Republic are up; Denmark, Finland and Bulgaria are down. Futures in the States point towards […]<\/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\/10753"}],"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=10753"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10753\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}