{"id":11009,"date":"2017-11-27T09:39:52","date_gmt":"2017-11-27T14:39:52","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11009"},"modified":"2017-11-27T09:39:52","modified_gmt":"2017-11-27T14:39:52","slug":"before-the-open-nov-27-4","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11009","title":{"rendered":"Before the Open (Nov 27)"},"content":{"rendered":"

Good morning. Happy Monday. Hope you had a great weekend. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly down. China, Hong Kong, South Korea and Taiwan each dropped more than 1%; New Zealand posted a gain. Europe, Africa and the Middle East<\/strong> currently lean to the downside. Germany, Finland, Russia, Italy and Portugal are down the most; Turkey is up. Futures in the States<\/strong> point towards a slight down open for the cash market. <\/span>
\nThe 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 Ciena (CIEN +0.67%) was upgraded to ‘Buy’ from ‘Neutral’ at Bank of America\/Merrill Lynch with a 12-month target price of $28.<\/span>
\n Everest Re (RE -0.72%) was upgraded to ‘Outperform’ from ‘Underperform’ at Keefe, Bruyette & Woods.<\/span>
\n Norfolk Southern (NSC +0.60%) was downgraded to ‘Sell’ from ‘Hold’ at Loop Capital Markets with a price target of $120.<\/span>
\n Western Digital (WDC -0.14%) was downgraded to ‘Equal-Weight’ from ‘Overweight’ at Morgan Stanley.<\/span>
\n Allergan (AGN -0.74%) was resumed with an ‘Outperform’ at Leerink Partners LLC with a 12-month target price of $237.<\/span>
\n Buffalo Wild Wings (BWLD -0.07%) was downgraded to ‘Neutral’ from ‘Buy’ at UBS, citing valuation.<\/span>
\n Square (SQ +0.10%) was downgraded to ‘Sell’ from ‘Neutral’ at BTIG LLC with a 12-month target price of $30.<\/span>
\n Eminence Capital reported that it raised its passive stake in Wendy’s (WEN -0.65%) to 5.2% from 3.68%.<\/span>
\n Macy’s (M +2.13%) slipped almost 1% in after-hours trading after a glitch in the company’s credit-card processing Black Friday spurred long lines which prompted some customers to abandon purchases due to the long wait times.<\/span>
\n Johnson Controls International Plc (JCI +0.33%) may move higher this morning after vice president of the company, William Jackson, filed a Form 4 with the SEC that he purchased 20,000 shares of JCI at an average price of $36 on Nov 21.<\/span>
\n Broadfin Capital reported that it reduced its stake in Recro Pharma (REPH unch) to 15.31% from 16.21%.<\/span>
\n Marathon Patent Group (MARA +172.94%) jumped 14% in after-hours trading on top of a 173% surge Friday after it reported a Q3 operating loss of -$3.9 million versus an operating loss of -$10.7 million for Q3 of 2016.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 10:00 New Home Sales
\n 10:30 Dallas Fed Manufacturing Survey
\n 11:30 Results of $13B, 2-Year Note Auction
\n 1:00 PM Results of $34B, 5-Year Note Auction
\n 7:00 PM Fed’s Dudley: “US Economy: 10 Years after the Crisis”<\/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 Monday. Hope you had a great weekend. The Asian\/Pacific markets closed mostly down. China, Hong Kong, South Korea and Taiwan each dropped more than 1%; New Zealand posted a gain. Europe, Africa and the Middle East currently lean to the downside. Germany, Finland, Russia, Italy and Portugal are down the most; Turkey […]<\/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\/11009"}],"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=11009"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11009\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}