{"id":11001,"date":"2017-11-22T08:30:01","date_gmt":"2017-11-22T13:30:01","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11001"},"modified":"2017-11-22T08:30:01","modified_gmt":"2017-11-22T13:30:01","slug":"before-the-open-nov-22-5","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11001","title":{"rendered":"Before the Open (Nov 22)"},"content":{"rendered":"

Good morning. Happy Wednesday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly up. Japan, China, Hong Kong, South Korea and Indonesia led the way. Europe, Africa and the Middle East<\/strong> are currently split. The UK, Kenya, Hungary, Spain, Italy, Portugal and Saudi Arabia are up; Turkey, Greece, South Africa, Norway and Austria are down. Futures in the States<\/strong> point towards a slight positive open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>LeavittBrothers.net Overview<\/a>
\n—————<\/span>
\n The dollar is down. Oil is up a buck; copper is flat. Gold and silver are up. Bonds are down. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Deere & Co (DE +1.69%) is up over 3% in pre-market trading after it reported Q4 EPS of $1.57, higher than consensus of $1.47.<\/span>
\n Cracker Barrel Old Country Store (CBRL -4.08%) was downgraded to ‘Neutral’ from ‘Buy’ at Longbow Reasearch.<\/span>
\n Salesforce.com (CRM +1.33%) lost 1% in after-hours trading after it said it sees Q4 adjusted EPS of 32 cents to 33 cents, below consensus of 34 cents.<\/span>
\n Exelixis (EXEL +1.56%) gained almost 2% in after-hours trading after it said it will submit a supplemental New Drug Application to the U.S. Food & Drug Administration in Q1 of next year for its Cabozantinib in the treatment of hepatocellular carcinoma.<\/span>
\n Halozyme (HALO +2.67%) was downgraded to ‘Equal-Weight’ from ‘Overweight’ at Barclays.<\/span>
\n Terreno Realty (TRNO +2.00%) was upgraded to ‘Buy’ from ‘Neutral’ at National Securities with a target price of $45.<\/span>
\n Caleres (CAL +0.16%) slumped over 9% in after-hours trading after it reported Q3 net sales of $774.7 million, below consensus of $785.8 million.<\/span>
\n GameStop (GME +1.76%) climbed 4% in after-hours trading after it reported Q3 comparable sales unexpectedly rose +1.9%, better than consensus for -2.4% loss.<\/span>
\n Axalta Coating Systems Ltd (AXTA +0.98%) rose almost 3% in after-hours trading after Reuters reported the company received an all-cash offer from Nippon Paint today.<\/span>
\n Guess? Inc (GES +0.96%) tumbled 10% in after-hours trading after it reported Q3 net revenue of $554.1 million, weaker than consensus of $569.8 million, and then said it sees full-year adjusted EPS of 56 cents-63 cents, the mid-point below consensus of 60 cents.<\/span>
\n TiVo (TIVO +0.86%) rallied over 10% in after-hours trading after the U.S. International Trade Commission said Comcast’s set-top boxes infringe on two TiVo patents and issued an import ban on the X1 television set-up boxes used by Comcast.<\/span>
\n Hewlett Packard Enterprise (HPE +0.21%) fell 5% in after-hours trading after it reported Q4 net revenue of $7.66 billion, below consensus of $7.77 billion, and said it sees Q1 adjusted EPS of 20 cents to 24 cents, weaker than consensus of 27 cents. Also, CEO Meg Whitman will step down on Feb 1 and be replaced by President Antonio Neri.<\/span>
\n DryShips (DRYS +5.30%) dropped over 8% in after-hours trading after it reported that its Q3 net loss attributable to common stockholders widened to -$15.2 million from a year-ago loss of -$5.8 million.<\/span>
\n Tuesday’s Key Earnings<\/strong>
\n Dollar Tree (NASDAQ:DLTR) +2.4% boosted by same-store sales.
\n GameStop (NYSE:GME) +7.6% AH on strong gaming demand.
\n Hormel Foods (NYSE:HRL) +3.4% beating estimates.
\n HP Enterprise (NYSE:HPE) -6% AH following a CEO change.
\n HP Inc. (NYSE:HPQ) -5.6% AH after in-line results.
\n Lowe’s (NYSE:LOW) -1.1% on a disappointing outlook.
\n Medtronic (NYSE:MDT) +4.8% reiterating FY18 forecast.
\n Salesforce (NYSE:CRM) -1.5% AH with mixed guidance.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 7:00 MBA Mortgage Applications
\n 8:30 Durable Goods
\n 8:30 Initial Jobless Claims
\n 9:45 Bloomberg Consumer Comfort Index
\n 10:00 Consumer Sentiment
\n 10:30 EIA Petroleum Inventories
\n 10:30 EIA Natural Gas Inventory
\n 2:00 PM FOMC minutes<\/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 mostly up. Japan, China, Hong Kong, South Korea and Indonesia led the way. Europe, Africa and the Middle East are currently split. The UK, Kenya, Hungary, Spain, Italy, Portugal and Saudi Arabia are up; Turkey, Greece, South Africa, Norway and Austria are down. Futures in the States […]<\/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\/11001"}],"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=11001"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11001\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}