{"id":10841,"date":"2017-10-05T07:37:54","date_gmt":"2017-10-05T12:37:54","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10841"},"modified":"2017-10-05T07:37:54","modified_gmt":"2017-10-05T12:37:54","slug":"before-the-open-oct-5-6","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10841","title":{"rendered":"Before the Open (Oct 5)"},"content":{"rendered":"

Good morning. Happy Thursday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mixed. China, Hong Kong, South Korea, Taiwan and Singapore did well; India, Indonesia and the Philippines posted losses. Europe, Africa and the Middle East<\/strong> are currently mixed and little changed. Spain is up more than 1%; Poland, South Africa and Norway are also doing well. Greece, Hungary and Saudi Arabia 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 up. Oil is flat; copper is up. Gold and silver are up. Bonds are up. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Microsoft (MSFT +0.58%) was upgraded to ‘Buy’ from ‘Hold’ at Canaccord Genuity with a price target of $86.<\/span>
\n United Parcel Service (UPS -0.59%) and FedEx (FDX -0.75%) are both down over 2% in pre-market trading after Bloomberg News reported that Amazon.com is currently testing its own delivery service.<\/span>
\n Norwegian Cruise Line Holdings Ltd (NCLH +2.28%) jumped 7% in after-hours trading after it was announced that it will replace Level 3 in the S&P 500 before the open of trading on Friday, Oct 13.<\/span>
\n Mallinckrodt (MNK -0.61%) was downgraded to ‘Hold’ from ‘Buy’ at Canaccord Genuity.<\/span>
\n ACADIA Pharmaceuticals (ACAD +0.72%) rallied over 5% in after-hours trading after the FDA granted ‘Breakthrough Therapy Designation’ to its Pimavanserin for the treatment of hallucinations and delusions associated with dementia-related psychosis.<\/span>
\n Zumiez (ZUMZ -1.56%) climbed almost 5% in after-hours trading after it reported September comparable sales were up +9.3%, better than consensus of +2.9%, and then raised guidance on Q3 net sales to $241 million-$243 million from a prior estimate of $236 million-$241 million.<\/span>
\n Monsanto (MON +0.05%) was downgraded to ‘Neutral’ from ‘Outperform’ at Macquarie.<\/span>
\n SeaWorld Entertainment (SEAS +4.60%) rose almost 4% in after-hours trading after Merlin Entertainment is said to have approached SeaWorld on a deal for part of the company.<\/span>
\n Matador Resources (MTDR -1.26%) may open lower today after it announced that it had commenced an underwritten public offering of 8.0 million shares of its common stock.<\/span>
\n 8Point3 Energy Partners LP (CAFD +1.21%) lost almost 2% in after-hours trading after it said it sees Q4 revenue of $12 million-$15 million, the midpoint below consensus of $14.6 million.<\/span>
\n ImmunoGen (IMGN +2.35%) dropped 8% in after-hours trading after it announced that it intends to offer 12 million shares of common stock in an underwritten public offering.<\/span>
\n MobileIron (MOBL -2.60%) jumped over 9% in after-hours trading after holder Altai Capital reported a 7.63% stake in the company as of Oct 2.<\/span>
\n Fairmont Santrol Holdings (FMSA -3.85%) rose 2% in after-hours trading after it was re-initiated an ‘Overweight’ rating at Keybanc Capital Markets with a price target of $6.50.<\/span>
\n—————
\nJoin our email list<\/a> – get technical research reports sent directly to you.<\/strong>
\n—————<\/span>
\n Wednesday’s Key Earnings<\/strong>
\n Resources Connection (NASDAQ:RECN) +1% AH on in-line earnings.<\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n Chain Store Sales
\n 7:30 Challenger Job-Cut Report
\n 8:30 Initial Jobless Claims
\n 8:30 International Trade
\n 9:10 Fed’s Powell speech
\n 9:30 Fed’s Harker Speech
\n 9:45 Bloomberg Consumer Comfort Index
\n 10:00 Factory Orders
\n 10:30 EIA Natural Gas Inventory
\n 4:30 Money Supply
\n 4:30 Fed Balance Sheet
\n 9:00 Fed’s George speech<\/span><\/span><\/span><\/span><\/span><\/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 Thursday. The Asian\/Pacific markets closed mixed. China, Hong Kong, South Korea, Taiwan and Singapore did well; India, Indonesia and the Philippines posted losses. Europe, Africa and the Middle East are currently mixed and little changed. Spain is up more than 1%; Poland, South Africa and Norway are also doing well. Greece, Hungary […]<\/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\/10841"}],"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=10841"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10841\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}