{"id":10873,"date":"2017-10-17T07:49:05","date_gmt":"2017-10-17T12:49:05","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10873"},"modified":"2017-10-17T07:49:05","modified_gmt":"2017-10-17T12:49:05","slug":"before-the-open-oct-17-5","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10873","title":{"rendered":"Before the Open (Oct 17)"},"content":{"rendered":"

Good morning. Happy Tuesday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mixed. Japan, South Korea, New Zealand, Australia and the Philippines closed up; China, Taiwan and Malaysia closed down. Europe, Africa and the Middle East<\/strong> are currently mixed. The UK, Turkey, Spain and the Czech Republic are up; the UAE, Greece, Denmark, Russia, Hungary and South Africa are down. Futures in the States<\/strong> are down a small amount. <\/span>
\n—————
\n VIDEO: <\/strong>There’s a Bull Market Somewhere<\/a>
\n—————<\/span>
\n The dollar is up. Oil is up; copper is down. Gold and silver are down. Bonds are flat. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Briggs & Stratton (BGG +1.07%) was downgraded to ‘Underperform’ from ‘Market Perform’ at Raymond James.<\/span>
\n Morgan Stanley (MS +1.33%) gained nearly 2% in pre-market trading after it reported Q3 FICC sales and trading revenue of $1.17 billion, better than consensus of $1.15 billion.<\/span>
\n Humana (HUM -0.24%) was initiated a new ‘Outperform’ at BMO Capital Markets with a 12-month target price of $300.<\/span>
\n Celgene (CELG +0.18%) was initiated a new ‘Outperform’ at Bernstein with a 12-month target price of $162.<\/span>
\n Netflix (NFLX +1.60%) gained almost 2% in after-hours trading after it reported Q3 domestic streaming net adds of 850,000, more than consensus of 774,000, and then said it sees Q4 revenue of $3.27 billion, better than consensus of $3.16 billion.<\/span>
\n Sonic (SONC +1.72%) lost over 2% in after-hours trading after it reported Q4 revenue of $123.6 million, less than consensus of $125 million.<\/span>
\n Badger Meter (BMI -1.17%) slumped 11% in after-hours trading after it reported Q3 EPS of 27 cents, below consensus of 35 cents.<\/span>
\n KMG Chemicals (KMG) rose over 2% in after-hours trading after it forecast full-year net sales of $435 million-$450 million, well above consensus of $386.5 million.<\/span>
\n Brown & Brown (BRO -0.85%) dropped 5% in after-hours trading after it reported Q3 revenue of $475.6 billion, below consensus of $476 million.<\/span>
\n Spirit Airlines (SAVE -0.98%) climbed 5% in after-hours trading after it reported traffic in Sep was up +5.9% and that it now sees Q3 traffic down -6.5% y\/y, less than a prior forecast of down -7% y\/y to -8.5% y\/y.<\/span>
\n Caesars Entertainment (CZR -2.47%) may move higher on the opening today after Apollo Global Management reported a 15% stake in the company.<\/span>
\n Abeona Therapeutics (ABEO +3.73%) slid 4% in after-hours trading after it announced a public offering of common stock, although no size was given.<\/span>
\n Immune Design (IMDZ -7.76%) jumped 9% in after-hours trading after it said it will start a Phase 3 trial of its CMB305 drug as a vaccine for patients with synovial sarcoma.<\/span>
\n KalVista Pharmaceuticals (KALV -2.77%) gained 3% in after-hours trading after Director Rajeev Shah reported a purchase of 850,000 shares on Oct 12 at $8.50 apiece.<\/span>
\n—————
\n VIDEO: <\/strong>The Trend is Your Friend<\/a>
\n—————<\/span>
\n Monday’s Key Earnings
\n Netflix (NFLX) +2.2% AH boosted by subscriber growth.<\/strong><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:30 Import\/Export Prices
\n 8:55 Redbook Chain Store Sales
\n 9:15 Industrial Production
\n 10:00 NAHB Housing Market Index
\n 2:00 PM Treasury Budget
\n 4:00 PM Treasury International Capital<\/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 Tuesday. The Asian\/Pacific markets closed mixed. Japan, South Korea, New Zealand, Australia and the Philippines closed up; China, Taiwan and Malaysia closed down. Europe, Africa and the Middle East are currently mixed. The UK, Turkey, Spain and the Czech Republic are up; the UAE, Greece, Denmark, Russia, Hungary and South Africa are […]<\/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\/10873"}],"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=10873"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10873\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}