{"id":10951,"date":"2017-11-08T08:39:20","date_gmt":"2017-11-08T13:39:20","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10951"},"modified":"2017-11-08T08:39:20","modified_gmt":"2017-11-08T13:39:20","slug":"before-the-open-nov-8-6","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10951","title":{"rendered":"Before the Open (Nov 8)"},"content":{"rendered":"

Good morning. Happy Wednesday. <\/span>
\n The Asian\/Pacific<\/strong> markets leaned to the downside. South Korea did well; Hong Kong, India and Malaysia were weak. Europe, Africa and the Middle East<\/strong> currently lean to the downside. Greece and Russia are doing well; the UK, Turkey, the UAE, South Africa, Kenya, Italy, Belgium and Austria are down. Futures in the States<\/strong> point towards a mixed and flat open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>Oil Setups and Trades Profiled<\/a>
\n—————<\/span>
\n The dollar is flat. Oil is down; copper is up. Gold and silver are up. Bonds are down. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Brown & Brown (BRO -0.61%) was downgraded to ‘Sell’ from ‘Neutral’ at Citigroup with a price target of $47.<\/span>
\n Take-Two Interactive Software (TTWO -0.57%) rallied 8% in after-hours trading after it reported Q2 EPS of $1.09, higher than consensus 74 cents, and then raised guidance on fiscal 2018 adjusted EPS to $2.81-$3.00 from an Aug 2 estimate of $1.95-$2.16, well above consensus of $2.22.<\/span>
\n DXC Technology (DXC -0.53%) rose 5% in after-hours trading after it reported Q2 adjusted EPS of $1.93, well ahead of consensus of $1.53.<\/span>
\n Coherent (COHR -0.25%) jumped 8% in after-hours trading after it reported Q4 net sales of $490.3 million, better than consensus of $475.4 million.<\/span>
\n DaVita (DVA -0.76%) lost 5% in after-hours trading after it reported Q3 adjusted EPS of 81 cents, well below consensus of 94 cents.<\/span>
\n Match Group (MTCH -3.06%) climbed 5% in after-hours trading after it reported Q3 total revenue of $343.4 million, higher than consensus of $329.3 million.<\/span>
\n ACADIA Pharmaceuticals (ACAD -0.28%) gained nearly 3% in after-hours trading after it reported Q3 revenue of $35.6 million, better than consensus of $32 million.<\/span>
\n Carvana (CVNA -7.40%) lost over 5% in after-hours trading after it cut the upper end of its full-year revenue estimate to $850 million-$880 million from a prior view of $850 million-$910 million.<\/span>
\n Glaukos (GKOS -10.94%) rose 5% in after-hours trading after it reported an unexpected Q3 profit of 4 cents a share, better than consensus for a -2 cents a share loss.<\/span>
\n Extreme Networks (EXTR +0.17%) lost more than 2% in after-hours trading after it said it sees Q2 adjusted EPS of 10 cents to 14 cents, weaker than consensus of 18 cents.<\/span>
\n Chubb (CB +0.40%) was upgraded to ‘Overweight’ from ‘Neutral’ at JP Morgan Chase with a target price of $175.<\/span>
\n Applied Optoelectronics (AAOI +0.24%) gained 3% in after-hours trading after it said it sees “solid” datacenter demand for its 100G CWDM transceivers, and revenue for its CATV products reached a new record.<\/span>
\n LendingClub (LC -6.67%) tumbled 17% in after-hours trading after it reported Q3 net revenue of $154 million, below consensus of $156.3 million, and then said it sees Q4 net revenue of $158 million to $163 million, weaker than consensus of $171.7 million.<\/span>
\n Fossil Group (FOSL -1.86%) dropped 13% in after-hours trading after the company predicted bleak sales over the holiday season and says it sees Q4 net sales down -3.5% to -11%, well below consensus of down -1%.<\/span>
\n Redhill Biopharma Ltd (RDHL -9.64%) plunged 20% in after-hours trading after it announced that it intends to offer $15 million in American Depository Shares, each representing ten of its ordinary shares, in an underwritten public offering.<\/span>
\n Tuesday’s Key Earnings<\/strong>
\n Emerson Electric (NYSE:EMR) -2.3% after a disappointing outlook.
\n Energy Transfer Equity (NYSE:ETE) -3.1% AH missing estimates.
\n Energy Transfer Partners (NYSE:ETP) -2.4% AH on lower revenues.
\n LendingClub (NYSE:LC) -18.1% AH cutting its guidance.
\n Snap (SNAP) -17.1% AH as losses more than tripled.
\n Valeant Pharma (NYSE:VRX) +17.1% with Bausch & Lomb strength.<\/span><\/span><\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 7:00 MBA Mortgage Applications
\n 10:30 EIA Petroleum Inventories
\n 1:00 PM Results of $20B, 10-Year Note Auction<\/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 Wednesday. The Asian\/Pacific markets leaned to the downside. South Korea did well; Hong Kong, India and Malaysia were weak. Europe, Africa and the Middle East currently lean to the downside. Greece and Russia are doing well; the UK, Turkey, the UAE, South Africa, Kenya, Italy, Belgium and Austria are down. Futures in […]<\/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\/10951"}],"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=10951"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10951\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}