{"id":10849,"date":"2017-10-09T07:37:44","date_gmt":"2017-10-09T12:37:44","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10849"},"modified":"2017-10-09T07:37:44","modified_gmt":"2017-10-09T12:37:44","slug":"before-the-open-oct-9-5","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10849","title":{"rendered":"Before the Open (Oct 9)"},"content":{"rendered":"

Good morning. Happy Monday. Hope you had a good weekend. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly up. China, South Korea, New Zealand, Australia and the Philippines did well; Hong Kong was weak. Europe, Africa and the Middle East<\/strong> lean to the upside. Poland, Greece, South Africa and Spain are up; Turkey is down 3%, and Saudi Arabia is also weak. Futures in the States<\/strong> point towards a flat open for the cash market. <\/span>
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\n VIDEO: <\/strong>My Favorite Intermediate Term Trading Setup<\/a>
\n—————<\/span>
\n The dollar is down. Oil and copper are flat. Gold and silver are up. Bonds are up. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n E*TRADE Financial (ETFC -2.36%) was upgraded to ‘Buy’ from ‘Neutral’ at Bank of America\/Merrill Lynch with a price target of $49.<\/span>
\n Yelp (YELP +0.73%) was downgraded to ‘Neutral’ from ‘Overweight’ at Cantor Fitzgerald.<\/span>
\n Morgan Stanley (MS +0.26%) was upgraded to ‘Outperform’ from ‘Neutral’ at Credit Suisse with a price target of $54.<\/span>
\n Activision Blizzard (ATVI +0.25%) was downgraded to ‘Market Perform’ from ‘Outperform’ at Cowen.<\/span>
\n Humana (HUM +0.63%) was downgraded to ‘Neutral’ from ‘Overweight’ at JP Morgan Chase.<\/span>
\n Goldman Sachs (GS -0.02%) was downgraded to ‘Neutral’ from ‘Outperform’ at Credit Suisse.<\/span>
\n Express Scripts Holdings (ESRX -2.58%) may open lower this morning after it was downgraded to ‘Underperform’ from ‘Market Perform’ at Raymond James.<\/span>
\n Viacom (VIA -0.98%) slid over 3% in pre-market trading after it was downgraded to ‘Sell’ from ‘Neutral’ at Citigroup who said that Viacom faces the “acute” risk that Charter Communications will stop carrying its content.<\/span>
\n Tesla (TSLA +0.44%) fell -0.5% in after-hours trading after CEO Musk tweeted that that the unveiling of its semi-truck would be pushed back to Nov 16 from Oct 26 as the company diverts resources to fix Model 3 bottlenecks and increase battery production for Puerto Rico.<\/span>
\n Medtronic Plc (MDT +0.38%) fell 2% in after-hours trading when it said that its Q2 quarterly revenue and earnings would be hurt by $250 million from the impact of Hurricane Maria.<\/span>
\n Pershing Square said it cut its stake in Mondelez (MDLZ +0.07%) to 4.97% from a 5.60% stake reported on Sep 27.<\/span>
\n Morgan Stanley cut its passive stake in Blue Apron (APRN -1.32%) to 1.4% from a 5.31% stake reported in Aug 2.<\/span>
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\nJoin our email list<\/a> – get technical research reports sent directly to you.<\/strong>
\n—————<\/span>
\n Thursday’s Key Earnings<\/strong>
\n Thursday’s Key Earnings
\n Costco (NASDAQ:COST) -2.5% AH on Q4 earnings.
\n Yum China (NYSE:YUMC) +3.1% AH on Q3 revenue growth, declaring first dividend.
\n Helen of Troy Limited (NASDAQ:HELE) -2.4% AH despite Q2 earnings beat.<\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 12:30 PM TD Ameritrade IMX<\/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 Monday. Hope you had a good weekend. The Asian\/Pacific markets closed mostly up. China, South Korea, New Zealand, Australia and the Philippines did well; Hong Kong was weak. Europe, Africa and the Middle East lean to the upside. Poland, Greece, South Africa and Spain are up; Turkey is down 3%, and Saudi […]<\/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\/10849"}],"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=10849"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10849\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}