{"id":10937,"date":"2017-11-03T07:41:27","date_gmt":"2017-11-03T12:41:27","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10937"},"modified":"2017-11-03T07:41:27","modified_gmt":"2017-11-03T12:41:27","slug":"before-the-open-nov-3-8","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10937","title":{"rendered":"Before the Open (Nov 3)"},"content":{"rendered":"

Good morning. Happy Friday. Happy Employment Numbers Day. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mixed. Japan, South Korea, Australia and Indonesia did well. The Philippines dropped more than 1%; China and New Zealand were also weak. Europe, Africa and the Middle East<\/strong> are currently mostly down. Greece, South Africa and Norway are up. Spain, Portugal and Israel are down more than 1%; Turkey, the UAE, Denmark, Hungary, Austria and the Czech Republic are also down. Futures in the States<\/strong> point towards a slight positive open for the cash market. <\/span>
\n—————
\n Webinar: <\/strong>The Real Keys to Surviving and Making Solid Profits in the Market, Part I<\/a>
\n—————<\/span>
\n—————
\n Webinar: <\/strong>The Real Keys to Surviving and Making Solid Profits in the Market, Part II<\/a>
\n—————<\/span>
\n—————
\n Webinar: <\/strong>The Real Keys to Surviving and Making Solid Profits in the Market, Part III<\/a>
\n—————<\/span>
\n The dollar is flat. Oil is up; copper is down. Gold and silver are down. Bonds are flat. <\/span>
\n Here are the employment numbers:<\/span>
\n unemployment rate: 4.1% (was 4.2% last month)
\n nonfarm payrolls: +261K
\n private payrolls:
\n average workweek: unchanged at 34.4 hours
\n hourly wages: down 1 cent to $26.53\/hour
\n labor participation rate:<\/span><\/span><\/span><\/span><\/span><\/span>
\n September jobs was revised from -33K to +18K
\n August revised up from 169K to 208K.<\/span><\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Apple (AAPL +0.73%) rose nearly 3% to a new record high in after-hours trading after it reported Q4 revenue of $52.6 billion, better than consensus of $50.7 billion, and said it sees fiscal Q1 revenue of $84 billion-$87 billion, the mid-point above consensus of $84.5 billion. Apple suppliers also rallied in after-hours trading on Apple’s earnings results with Skyworks (SWKS +0.40%) up nearly 2%, Lumentum Holdings (LITE -6.88%) up over 2% and Broadcom Ltd (AVGO +0.08%) up over 1%.<\/span>
\n Universal Display (OLED +1.16%) climbed almost 4% in after-hours trading after it reported Q3 revenue of $61.7 million, well above consensus of $46.7 million, and then said it sees full-year revenue of $310 to $320 million, better than consensus of $298.3 million.<\/span>
\n Starbucks (SBUX -0.47%) tumbled 7% in after-hours trading after it reported Q4 comparable sales were up 2%, below estimates of up +3.2%.<\/span>
\n Arista Networks (ANET -8.16%) rallied over 6% in after-hours trading after it reported Q3 revenue of $437.6 million, better than consensus of $418.6 million, and then said it sees Q4 revenue of $450 million to $464 million, well above consensus of $447.2 million.<\/span>
\n Tableau Software (DATA +1.75%) dropped 13% in after-hours trading after it reported Q3 revenue of $314.9 million, below consensus of $219.3 million.<\/span>
\n Activision Blizzard (ATVI +0.18%) gained nearly 2% in after-hours trading after it reported Q3 adjusted EPS of 60 cents, above consensus of 49 cents, and then said it sees 2017 adjusted EPS of $2.16, better than consensus of $2.13.<\/span>
\n Cirrus Logic (CRUS +1.69%) rose 3% in after-hours trading after it reported Q2 revenue of $425.5 million, higher than consensus of $410.4 million, and then said it sees Q3 revenue of $510 million to $550 million, the mid-point above consensus of $523 million.<\/span>
\n American International Group (AIG +0.49%) dropped more than 3% in after-hours trading after it reported a Q3 operating loss of -$1.22 a share, wider than consensus of -78 cents.<\/span>
\n Fluor (FLR +1.18%) rose more than 1% in after-hours trading after it reported Q3 EPS of 67 cents, higher than consensus of 60 cents, and then said it sees full-year EPS of $1.50 to $1.60, the mid-point above consensus of $1.54.<\/span>
\n Acacia Communications (ACIA -9.91%) fell 4% in after-hours trading after it said it sees Q4 adjusted EPS of 19 cents to 36 cents, well below consensus of 47 cents.<\/span>
\n Varonis Systems (VRNS -2.44%) jumped over 10% in after-hours trading after it said it sees Q4 adjusted EPS of 28 cents to 29 cents, better than consensus of 27 cents, and then said it sees full-year adjusted EPS of 16 cents to 17 cents, above consensus of 8 cents.<\/span>
\n Wingstop (WING -2.37%) climbed over 3% in after-hours trading after it reported Q3 revenue of $26 million, above consensus of $25.1 million.<\/span>
\n Chemours (CC -2.00%) slid 3% in after-hours trading after it reported Q3 adjusted Ebitda of $381 million, below consensus of $388 million.<\/span>
\n El Pollo Loco Holdings (LOCO -0.88%) dropped 7% in after-hours trading after it reported Q3 proforma EPS of 15 cents, weaker than consensus of 18 cents, and then said it sees full-year proforma EPS of 61 cents to 63 cents, below consensus of 67 cents.<\/span>
\n Thursday’s Key Earnings<\/strong>
\n Activision Blizzard (NASDAQ:ATVI) +1.6% AH raising guidance.
\n AIG (NYSE:AIG) -3.3% AH posting a big loss for Q3.
\n Alibaba (NYSE:BABA) -0.7% despite growth in core commerce.
\n Apple (AAPL) +3.1% AH projecting massive holiday sales.
\n Chesapeake Energy (NYSE:CHK) -7.6% on a weak production outlook.
\n DowDuPont (DWDP) -1.8% promising more job cuts.
\n Enterprise Products (NYSE:EPD) -1.9% weighed down by Harvey.
\n Herbalife (NYSE:HLF) -6% AH with slumping North American sales.
\n Starbucks (NASDAQ:SBUX) -3.1% AH selling Tazo to Unilever.
\n Teva (NYSE:TEVA) -19.9% slashing its forecast for 2017.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:30 Non-farm payrolls
\n 8:30 International Trade
\n 9:45 PMI Services Index
\n 10:00 Factory Orders
\n 10:00 ISM Non-Manufacturing Index
\n 1:00 PM Baker-Hughes Rig Count<\/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 Friday. Happy Employment Numbers Day. The Asian\/Pacific markets closed mixed. Japan, South Korea, Australia and Indonesia did well. The Philippines dropped more than 1%; China and New Zealand were also weak. Europe, Africa and the Middle East are currently mostly down. Greece, South Africa and Norway are up. Spain, Portugal and Israel […]<\/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\/10937"}],"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=10937"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10937\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}