{"id":10833,"date":"2017-10-03T07:40:26","date_gmt":"2017-10-03T12:40:26","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10833"},"modified":"2017-10-03T07:40:26","modified_gmt":"2017-10-03T12:40:26","slug":"before-the-open-oct-3-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10833","title":{"rendered":"Before the Open (Oct 3)"},"content":{"rendered":"

Good morning. Happy Tuesday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed with a lean to the upside. Hong Kong jumped more than 3%; Japan, South Korea, India and the Philippines also did well. Australia and Singapore were weak. Europe, Africa and the Middle East<\/strong> currently lean to the upside. Greece and South Africa are up more than 1%; Germany, Finland, Hungary and Portugal are also doing well. Kenya and Spain are down. Futures in the States<\/strong> point towards a positive open for the cash market. <\/span>
\n—————
\n Podcast: <\/strong>with Chat With Traders<\/a>
\n—————<\/span>
\n The dollar is flat. Oil and copper are down. Gold and silver are down. Bonds are down. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Phillips 66 (PSX +0.84%) was upgraded to ‘Buy’ from ‘Neutral’ at Goldman Sachs with a price target of $109.<\/span>
\n Cal-Maine Foods (CALM +1.34%) was upgraded to ‘Overweight’ from ‘Equal Weight’ at Stephens with a price target of $50.<\/span>
\n MGM Resorts International (MGM -5.58%) was downgraded to ‘Neutral’ from ‘Positive’ at Susquehanna Financial.<\/span>
\n Craft Brew Alliance (BREW +1.42%) was rated a new ‘Positive’ at Susquehanna Financial with a price target of $22.<\/span>
\n Herbalife (HLF -0.28%) said it sees Q3 adjusted EPS of 80 cents-90 cents, better than consensus of 65 cents-85 cents.<\/span>
\n Tesla (TSLA +0.13%) slid over 1% in after-hours trading after it reported production of its Model 3 at only 260 units, below expectations of 1,500 units.<\/span>
\n CenturyLink (CTL +2.22%) gained almost 1% in after-hours trading after it the Department of Justice cleared CenturyLink’s acquisition of Level 3.<\/span>
\n Tile Shop Holdings (TTS +3.94%) plunged 20% in after-hours trading after it reported Q3 preliminary net sales of $84 million, below consensus of $87.1 million, and it said its July 18 expectations for full-year 2017 “are no longer applicable.”<\/span>
\n Insys Therapeutics (INSY +12.05%) rose over 2% in after-hour trading on technical buying after it closed above its 50-day moving average Monday for the first time since July.<\/span>
\n Callon Petroleum (CPE +1.51%) lost nearly 3% in after-hours trading after it cut its Q3 crude production forecast to 22,450 bpd to 22,600 bpd from an earlier forecast of 23,000 bpd-25,000 bpd due to Hurricane Harvey.<\/span>
\n Endocyte (ECYT +157.45%) jumped 17% in after-hours trading, on top of Monday’s +157% surge, after it announced an exclusive world-wide license of Phase 3 ready PSMA-Targeted radioligand therapeutic therapy for development to treat prostate cancer.<\/span>
\n—————
\nJoin our email list<\/a> – get technical research reports sent directly to you.<\/strong>
\n—————<\/span>
\n Today’s Economic Calendar<\/strong>
\n Auto Sales
\n 8:30 Gallup US ECI
\n 8:55 Redbook Chain Store Sales<\/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 upside. Hong Kong jumped more than 3%; Japan, South Korea, India and the Philippines also did well. Australia and Singapore were weak. Europe, Africa and the Middle East currently lean to the upside. Greece and South Africa are up more than 1%; […]<\/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\/10833"}],"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=10833"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10833\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}