{"id":10891,"date":"2017-10-20T07:34:35","date_gmt":"2017-10-20T12:34:35","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10891"},"modified":"2017-10-20T07:34:35","modified_gmt":"2017-10-20T12:34:35","slug":"before-the-open-oct-20-6","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10891","title":{"rendered":"Before the Open (Oct 20)"},"content":{"rendered":"

Good morning. Happy Friday. Happy Options Expiration Day. <\/span>
\n The Asian\/Pacific<\/strong> markets closed with a lean to the upside. Hong Kong rallied more than 1%; China, South Korea and Thailand also did well. India and the Philippines were weak. Europe, Africa and the Middle East<\/strong> are currently mostly up. Turkey, Denmark, South Africa, Finland, Norway, Sweden, Italy, Austria, the Czech Republic and Saudi Arabia are doing well; Kenya and Israel are weak. Futures in the States<\/strong> point towards a moderate gap up open for the cash market. <\/span>
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\n The dollar is down. Oil is down; copper is up. Gold and silver are down. Bonds are down. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Harley-Davidson (HOG +0.15%) was upgraded to ‘Buy’ from ‘Hold’ at Argus Research with a 12-month target price of $53.<\/span>
\n JB Hunt Transport Services (JBHT +0.33%) was initiated with a ‘Buy’ at Buckingham Research Group with a 12-month target price of $124.<\/span>
\n General Electric (GE +1.99%) tumbled 5% in pre-market trading after it reported Q3 adjusted EPS of 29 cents, well below consensus of 50 cents<\/span>
\n Pinnacle Financial Partners (PNFP +0.07%) was downgraded to ‘Neutral’ from ‘Buy’ at Hilliard Lyons.<\/span>
\n Skechers (SKX -4.22%) surged over 20% in after-hours trading after it reported Q3 net sales of $1.09 billion, stronger than consensus of $1.07 billion.<\/span>
\n Resolute Energy (REN -1.73%) was upgraded to ‘Buy’ from ‘Neutral’ at Goldman Sachs.<\/span>
\n Celgene (CELG -0.88%) dropped 6% in after-hours trading after it said it will end a final-stage trial of a Crohn’s disease drug after it said there were no meaningful safety imbalances identified in the analysis of its drug mongersen on patients.<\/span>
\n PayPal Holdings (PYPL -0.01%) climbed 4% in after-hours trading after it reported Q3 adjusted EPS of 46 cents, better than consensus of 44 cents, and then raised guidance on full-year adjusted EPS to $1.86-$1.88 from a prior view of $1.80-$1.84.<\/span>
\n NCR Corp (NCR -0.70%) sank over 10% in after-hours trading after it reported Q3 revenue of $1.66 billion, weaker than consensus of $1.69 billion, and then cut its full-year revenue forecast to $6.475 billion-$6.525 billion from a prior forecast of $6.63 billion-$6.75 billion, well below consensus of $6.7 billion.<\/span>
\n athenaHealth (ATHN -3.62%) slipped almost 4% in after-hours trading after it reported Q3 revenue of $304.6 million, weaker than consensus of $310.8 million, and then said it sees full-year revenue of $1.20 billion-$1.22 billion, the midpoint below consensus of $1.22 billion.<\/span>
\n Allassiam Corp PLC (TEAM +1.11%) jumped nearly 12% in after-hours trading after it reported Q1 revenue of $193.8 million, better than consensus of $185.8 million, and then gave guidance for full-year revenue of $841 million-$847 million, higher than consensus of $831 million.<\/span>
\n Imperva (IMPV +0.97%) rose 4% in after-hours trading after it reported preliminary Q3 adjusted EPS of 29 cents-32 cents, above a prior estimate of 22 cents-26 cents.<\/span>
\n Werner Enterprises (WERN +0.56%) dropped over 4% in after-hours trading after it reported Q3 operating revenue of $528.6 million, below consensus of $533 million.<\/span>
\n CAI International (CAI -0.16%) rallied 5% in after-hours trading after it reported Q3 EPS of 90 cents, well above consensus of 71 cents.<\/span>
\n Immune Design (IMDZ -16.03%) climbed nearly 5% in after-hours trading after it said its G100 drug for treatment of non-Hodgkin’s Lymphoma had received Orphan Drug Designation by the European Medicines Agency.<\/span>
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\n VIDEO: <\/strong>My Favorite Intermediate Term Trading Setup<\/a>
\n—————<\/span>
\n Thursday’s Key Earnings<\/strong>
\n Blackstone (NYSE:BX) +1.6% benefiting from strong markets.
\n PayPal (NASDAQ:PYPL) +3.9% AH with strong mobile growth.
\n Philip Morris (NYSE:PM) -3.9% after missing estimates.
\n Verizon (NYSE:VZ) +1.2% winning wireless subscribers.<\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 10:00 Existing Home Sales
\n 1:00 PM Baker-Hughes Rig Count
\n 2:00 PM Treasury Budget
\n 12:30 PM Janet Yellen: “The Future of Global Finance: Populism, Technology and Regulation” speech<\/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 Friday. Happy Options Expiration Day. The Asian\/Pacific markets closed with a lean to the upside. Hong Kong rallied more than 1%; China, South Korea and Thailand also did well. India and the Philippines were weak. Europe, Africa and the Middle East are currently mostly up. Turkey, Denmark, South Africa, Finland, Norway, Sweden, […]<\/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\/10891"}],"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=10891"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10891\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}