{"id":10977,"date":"2017-11-15T08:42:48","date_gmt":"2017-11-15T13:42:48","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10977"},"modified":"2017-11-15T08:42:48","modified_gmt":"2017-11-15T13:42:48","slug":"before-the-open-nov-15-6","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10977","title":{"rendered":"Before the Open (Nov 15)"},"content":{"rendered":"

Good morning. Happy Wednesday.<\/span>
\n The Asian\/Pacific<\/strong> markets closed down across-the-board. Japan, Hong Kong and the Philippines dropped more than 1%; China, India, Australia, Malaysia, Singapore and Thailand were also weak. Europe, Africa and the Middle East<\/strong> are currently mostly down. Poland, Germany, Russia, Italy, Belgium, Portugal, Austria and Saudi Arabia are down more than 1%. Futures in the States<\/strong> point towards a relatively big gap down open for the cash market. <\/span>
\n—————
\n REPORT: <\/strong>It All Starts With Volume on the Weekly Chart<\/a>
\n—————<\/span>
\n The dollar is down. Oil and copper are down. Gold and silver are up. Bonds are up. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Acorda Therapeutics (ACOR +1.81%) plunged 32% in pre-market trading after it reported possible drug-related deaths in a Phase 3 study of its tozadenant for treatment of Parkinson’s disease.<\/span>
\n Tyson Foods (TSN +0.64%) was upgraded to ‘Buy’ from ‘Hold at Argus Research.<\/span>
\n Lam Research (LRCX -0.28%) gained over 2% in after-hours trading after it boosted its quarterly dividend to 50 cents a share from 45 cents, and then announced a $2 billion share buyback authorization.<\/span>
\n Hewlett Packard Enterprise (HPE -1.56%) rose 1% in after-hours trading after holder Greenlight Capital boosted its stake in the company to 7.81 million shares from 3.36 million shares.<\/span>
\n Applied Optoelectronics (AAOI -1.53%) climbed over 4% in after-hours trading after director of the company, Alan Moore, reported that he purchased 22,400 shares of the company stock at around $44.60 on Monday.<\/span>
\n MACOM Technology Solutions Holdings (MTSI +0.11%) tumbled almost 13% in after-hours trading after it reported Q4 revenue of $166.4 million, weaker than consensus of $170.6 million, and then said it sees Q1 revenue of $130 million to $136 million, well below consensus of $171.1 million.<\/span>
\n Genpact Ltd (G -0.13%) slid nearly 3% in after-hours trading after it announced a secondary offering of 10 million shares on behalf of selling holders.<\/span>
\n Cargurus (CARG +0.91%) jumped over 11% in after-hours trading after it reported Q3 EPS of 2 cents, better than consensus of 0, and then said it sees Q4 EPS of 1 cent to 2 cents, the mid-point above consensus of 1 cent.<\/span>
\n Beazer Homes USA (BZH +3.36%) rose over 4% in after-hours trading after it reported Q4 revenue of $673 million, higher than consensus of $640.3 million.<\/span>
\n OM Asset Management Plc (OMAM -0.68%) lost 2% in after-hours trading after it announced a secondary offering of 6 million shares of its common stock.<\/span>
\n SITO Mobile Ltd (SITO +2.33%) dropped 6% in after-hours trading after it reported a Q3 loss of -12 cents per share, wider than consensus of -5 cents per share loss.<\/span>
\n Achillion Pharmaceuticals (ACHN -4.16%) fell 7% in after-hours trading after holder Johnson & Johnson Innovation said it intends to offer 18.4 million shares of ACHN, which constitutes its entire stake in the company.<\/span>
\n SORL Auto Parts (SORL -4.01%) surged over 35% in after-hours trading after it reported Q3 revenue of $101.3 million, well above consensus of $63.8 million.<\/span>
\n Tuesday’s Key Earnings<\/strong>
\n Cheniere Energy (NYSEMKT:LNG) -1.6% AH after weak earnings.
\n Home Depot (NYSE:HD) +1.4% crushing comp-sales estimates.
\n TJX Companies (NYSE:TJX) -3.9% AH on disappointing guidance.<\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 3:00 Fed’s Evans: Monetary Policy
\n 7:00 MBA Mortgage Applications
\n 8:30 Consumer Price Index
\n 8:30 Retail Sales
\n 8:30 Empire State Mfg Survey
\n 10:00 Business Inventories
\n 10:00 Atlanta Fed’s Business Inflation Expectations
\n 10:30 EIA Petroleum Inventories
\n 4:00 PM Treasury International Capital
\n 4:00 PM Fed’s Rosengren: U.S. Economy<\/span><\/span><\/span><\/span><\/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 Wednesday. The Asian\/Pacific markets closed down across-the-board. Japan, Hong Kong and the Philippines dropped more than 1%; China, India, Australia, Malaysia, Singapore and Thailand were also weak. Europe, Africa and the Middle East are currently mostly down. Poland, Germany, Russia, Italy, Belgium, Portugal, Austria and Saudi Arabia are down more than 1%. […]<\/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\/10977"}],"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=10977"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10977\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}