{"id":10985,"date":"2017-11-16T08:39:14","date_gmt":"2017-11-16T13:39:14","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=10985"},"modified":"2017-11-16T08:39:14","modified_gmt":"2017-11-16T13:39:14","slug":"before-the-open-nov-16-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=10985","title":{"rendered":"Before the Open (Nov 16)"},"content":{"rendered":"

Good morning. Happy Thursday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly up. Japan, Hong Kong, South Korea, India and Indonesia led while Singapore and the Philippines posted losses. Europe, Africa and the Middle East<\/strong> are currently posting solid gains. France, Turkey, Germany, Denmark, South Africa, Finland, Switzerland, Norway, Hungary, Spain, Belgium, Portugal and the Czech Republic are doing well. Greece and Russia are down. Futures in the States<\/strong> point towards a relatively big gap up open for the cash market. <\/span>
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\n VIDEO: <\/strong>LeavittBrothers.net Overview<\/a>
\n—————<\/span>
\n The dollar is up a small amount. Oil is down; copper is up. Gold and silver are up. Bonds are down. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Wal-Mart Stores (WMT -1.38%) rose nearly 3% in pre-market trading after it reported Q3 adjusted EPS of $1.00, better than consensus of 98 cents, and then raised guidance on full-year EPS to $4.38-$4.46 from an Oct 10 view of $4.30-$4.40, the mid-point above consensus of $4.38.<\/span>
\n Dollar General (DG -1.14%) was upgraded to ‘Buy’ from ‘Hold’ at Deutsche Bank with a 12-month target price of $93.<\/span>
\n NetApp (NTAP +0.44%) rose 8% in after-hours trading after it reported Q2 net revenue of $1.42 billion, higher than consensus of $1.38 billion, and then said it sees Q3 net revenue of $1.43 billion to $1.58 billion, the mid-point above consensus of $1.44 billion.<\/span>
\n RH US (RH -6.08%) jumped 10% in after-hours trading after it reported preliminary Q3 adjusted net revenue of $592.5 million, above estimates of $588.3 million, and then boosted 2017 adjusted net income guidance to $82 million-$87 million from a prior view of $70 million to $77 million.<\/span>
\n L Brands (LB -0.02%) fell nearly 3% in after-hours trading after it said it sees Q4 EPS of $1.95 to $2.10, the mid-point below consensus of $2.03.<\/span>
\n Cisco Systems (CSCO +0.21%) climbed over 4% in after-hours trading after it reported Q1 adjusted EPS of 61 cents, above consensus of 60 cents, and then said it sees Q2 adjusted EPS of 58 cents to 60 cents, the mid-point above consensus of 58 cents.<\/span>
\n Mindbody (MB +0.78%) was initiated as a ‘Buy’ at D.A. Davidson with an 18-month target price of $42.<\/span>
\n Norwegian Cruise Line Holdings Ltd (NCLH -0.05%) fell over 1% in after-hours trading after it announced the launch of a secondary public offering of 10 million shares of its common stock by funds affiliated with Apollo Global Management LLC and Star NCLC Holdings Ltd.<\/span>
\n Procter & Gamble (PG -0.72%) rose 3% in after-hours trading after a recount showed billionaire investor Nelson Peltz had secured enough votes for a seat on Procter & Gamble’s board.<\/span>
\n Mattel (MAT -1.19%) lost over 1% in after-hours trading after Reuters reported that it had rebuffed Hasbro’s bid for the company.<\/span>
\n AxoGen (AXGN +0.40%) tumbled 11% in after-hours trading after it announced that it has commenced an underwritten public offering of 1.2 million shares of its common stock.<\/span>
\n Smart Global Holdings (SGH -0.97%) surged 17% in after-hours trading after it raised guidance on Q1 sales to $250 million to $260 million from a Sep 29 view of $225 million to $240 million.<\/span>
\n Mirati Therapeutics (MRTX +6.44%) dropped nearly 8% in after-hours trading after the company announced it will offer $75 million in stock via Barclays and Cowen.<\/span>
\n—————
\nJoin our email list<\/a> – get technical research reports sent directly to you.<\/strong>
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\n Wednesday’s Key Earnings<\/strong>
\n Cisco (NASDAQ:CSCO) +5.8% AH giving a solid outlook.
\n Target (NYSE:TGT) -9.9% on disappointing holiday guidance.<\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:30 Initial Jobless Claims
\n 8:30 Philly Fed Business Outlook
\n 8:30 Import\/Export Prices
\n 9:10 Fed’s Mester: Monetary Policy
\n 9:15 Industrial Production
\n 9:45 Bloomberg Consumer Comfort Index
\n 10:00 NAHB Housing Market Index
\n 10:30 EIA Natural Gas Inventory
\n 4:30 PM Money Supply
\n 4:30 PM Fed Balance Sheet<\/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 Thursday. The Asian\/Pacific markets closed mostly up. Japan, Hong Kong, South Korea, India and Indonesia led while Singapore and the Philippines posted losses. Europe, Africa and the Middle East are currently posting solid gains. France, Turkey, Germany, Denmark, South Africa, Finland, Switzerland, Norway, Hungary, Spain, Belgium, Portugal and the Czech Republic 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\/10985"}],"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=10985"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/10985\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}