{"id":10817,"date":"2017-07-03T07:52:05","date_gmt":"2017-07-03T12:52:05","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10817"},"modified":"2017-07-03T07:52:05","modified_gmt":"2017-07-03T12:52:05","slug":"before-the-open-jul-3-5","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10817","title":{"rendered":"Before the Open (Jul 3)"},"content":{"rendered":"

Good morning stock market addicts. Happy Monday. Yes, you’re addicted if you’re reading this today. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mixed. India and Indonesia moved up; Australia was weak. Europe<\/strong> is currently mostly up. France, Germany, Finland, Switzerland, Spain, the Netherlands, Italy, Belgium and Sweden are doing well; Hungary is weak. Futures in the States<\/strong> point towards a moderage gap up open for the cash market. <\/span>
\nThe dollar is up. Oil is up a small amount; copper is down. Gold and silver are down. Bonds are down. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Bankrate (RATE +1.98%) may move higher today after it was acquired by Red Ventures for $1.4 billion or about $14 a share, a 9% premium to last Friday’s close.<\/span>
\n Comcast (CMCSA +0.13%) may move higher today after “Despicable Me 3,” the movie from its Universal Pictures Illumination Entertainment, led the North American movie market over the weekend with $75.4 million in ticket sales.<\/span>
\n Alphabet (GOOGL -0.87%) said the EU antitrust fine could cut Q2 profit by about $2.74 billion.<\/span>
\n In its July 3 issue, Barron’s said that Bristol-Myers Squibb (BMY -0.18%) shares could climb 25% to 40% in the next two to three years as use of its cancer drug grows and its pipeline yields marketable products.<\/span>
\n Rice Energy (RICE -0.60%) was downgraded to ‘Hold’ from ‘Buy’ at Williams Capital.<\/span>
\n Aerovironment (AVAV +4.66%) was downgraded to ‘Neutral’ from ‘Overweight’ at Piper Jaffray.<\/span>
\n Shanda Asset Management cut its stake in Legg Mason ({=LM =}) to 5.8% from 10%.<\/span>
\n Turning Point Brands (TPB -1.22%) filed a $200 million mixed securities shelf and registered up to 12.1 million shares to be sold by holders.<\/span>
\n Fred’s (FRED -2.94%) fell over 1% in after-hours trading after it registered up to 9.28 million shares for holder Alden Global Capital to sell.<\/span>
\n MannKind (MNKD -2.76%) filed to offer up to 7.3 million shares via Series A warrants and filed to offer 2.4 million shares via Series B warrants.<\/span>
\n Today’s Economic Calendar<\/strong>
\n Auto Sales
\n 8:30 Gallup US Consumer Spending Measure
\n 9:45 PMI Manufacturing Index
\n 10:00 ISM Manufacturing Index
\n 10:00 Construction Spending<\/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 stock market addicts. Happy Monday. Yes, you’re addicted if you’re reading this today. The Asian\/Pacific markets closed mixed. India and Indonesia moved up; Australia was weak. Europe is currently mostly up. France, Germany, Finland, Switzerland, Spain, the Netherlands, Italy, Belgium and Sweden are doing well; Hungary is weak. Futures in the States point […]<\/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\/10817"}],"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=10817"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10817\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}