{"id":10837,"date":"2017-10-04T07:44:04","date_gmt":"2017-10-04T12:44:04","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10837"},"modified":"2017-10-04T07:44:04","modified_gmt":"2017-10-04T12:44:04","slug":"before-the-open-oct-4-6","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10837","title":{"rendered":"Before the Open (Oct 4)"},"content":{"rendered":"

Good morning. Happy Wednesday.<\/span>
\n The Asian\/Pacific<\/strong> markets closed with a lean to the upside. Hong Kong, South Korea, India and the Philippines led the way; Australia was weak. Europe, Africa and the Middle East<\/strong> currently lean to the downside. South Africa and Saudi Arabia are doing well. Spain is down more than 2%; Italy is down more than 1%; Norway, Portugal and Austria are also weak. Futures in the States<\/strong> point towards a down open for the cash market. <\/span>
\n—————
\n Podcast: <\/strong>with Chat With Traders<\/a>
\n—————<\/span>
\n The dollar is down. Oil and copper are down. Gold and silver are up. Bonds are up. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Kraft Heinz (KHC -0.04%) was downgraded to ‘Neutral’ from ‘Buy’ at Goldman Sachs.<\/span>
\n Waste Management (WM +0.65%) was downgraded to ‘Hold’ from ‘Buy’ at Stifel.<\/span>
\n Jack in the Box (JACK -1.24%) was upgraded to ‘Outperform’ from ‘Market Perform’ at Telsey Advisory Group with a 12-month target price of $118.<\/span>
\n Lennar (LEN +4.79%) was upgraded to ‘Buy’ from ‘Neutral’ at MKM Partners with a target price of $64.<\/span>
\n Winnebago Industries (WGO -0.54%) was downgraded to ‘Hold’ from ‘Buy’ at Stifel.<\/span>
\n Tesla (TSLA +1.94%) gained nearly 1% in after-hours trading after Nomura initiated coverage on the stock as a ‘Buy’ saying there will be an “unprecedented run-up” in Tesla’s revenue to $58 billion in 20121 from $8 billion in 2016.<\/span>
\n Global Blood Therapeutics (GBT -4.19%) rose 3% in after-hours trading after holder Point72 Asset Management reported a 5.2% stake in the company.<\/span>
\n CytomX Therapeutics (CTMX -1.30%) surged over 30% in after-hours trading after it entered into a strategic collaboration with Amgen to co-develop immuno-oncology therapies.<\/span>
\n Newlyn Genetics (NLNK +5.00%) slid over 6% in after-hours trading after it announced that it intends to offer up to $50 million shares of its common stock in an underwritten public offering.<\/span>
\n Office Depot (ODP +1.32%) tumbled over 10% in after-hours trading after it acquired CompuCom for about $1 billion.<\/span>
\n Intelsat SA (I +10.95%) gained 4% in after-hours trading after RBC Capital Markets said the company’s joint proposal with Intel for sharing of C-band spectrum in 5G networks was a potential “gold mine.”<\/span>
\n Rigel Pharmaceuticals (RIGL -4.15%) dropped 7% in after-hours trading after it announced that it intends to offer up to $40 million shares of its common stock in an underwritten public offering.<\/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 7:00 MBA Mortgage Applications
\n 8:15 ADP Jobs Report
\n 9:45 PMI Services Index
\n 10:00 ISM Non-Manufacturing Index
\n 10:30 EIA Petroleum Inventories
\n 3:00 PM Fed’s Bullard speech
\n 3:15 PM Janet Yellen speech<\/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 Wednesday. The Asian\/Pacific markets closed with a lean to the upside. Hong Kong, South Korea, India and the Philippines led the way; Australia was weak. Europe, Africa and the Middle East currently lean to the downside. South Africa and Saudi Arabia are doing well. Spain is down more than 2%; Italy is […]<\/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\/10837"}],"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=10837"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10837\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}