{"id":11025,"date":"2017-12-01T08:55:15","date_gmt":"2017-12-01T13:55:15","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11025"},"modified":"2017-12-01T08:55:15","modified_gmt":"2017-12-01T13:55:15","slug":"before-the-open-dec-1-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11025","title":{"rendered":"Before the Open (Dec 1)"},"content":{"rendered":"

Good morning. Happy Friday. Happy December. <\/span>
\n —————————————<\/span>
\n Cyber Week Special…<\/strong><\/span>
\n Buy an annual subscription to LeavittBrothers.com or any report at LeavittBrothers.net and get 3 months free. <\/span>
\n —————————————<\/span>
\nThe Asian\/Pacific<\/strong> markets are mixed with some big down movers. India, Indonesia and the Philippines are down more than 1%. Japan, Taiwan, Australia and Singapore are up. Europe, Africa and the Middle East<\/strong> currently lean to the downside. Greece, Israel, Saudi Arabia and the Czech Republic are up; Poland, France, Turkey, Germany and Hungary are down. Futures in the States<\/strong> point towards a down open for the cash market. <\/span>
\n The dollar is down a small amount. Oil and copper are up. Gold and silver are mixed and flat. Bonds are up. <\/span>
\n Stock headlines<\/strong> from barchart.com…<\/span>
\n Priceline Group (PCLN +0.30%) was downgraded to ‘Hold’ from ‘Buy’ at Argus Research.<\/span>
\n Cummins (CMI +1.75%) was downgraded to ‘Neutral’ from ‘Buy’ at Goldman Sachs.<\/span>
\n Ulta Beauty (ULTA -0.62%) dropped nearly 6% in after-hours trading after it said it sees Q4 EPS of $2.73 to $2.78, well below consensus of $2.84.<\/span>
\n Ambarella (AMBA -0.35%) rallied 6% in after-hours trading after it reported Q3 adjusted EPS of 75 cents, higher than consensus of 67 cents, and said it sees Q4 adjusted gross margin of 62% to 63.5%, better than consensus of 61.7%.<\/span>
\n Five Below (FIVE +0.91%) gained 2% in after-hours trading after it reported Q3 EPS of 18 cents, above consensus of 13 cents, and said it sees full-year EPS of $1.72 to $1.79, better than consensus of $1.67.<\/span>
\n AGCO Corp. (AGCO -0.17%) was upgraded to ‘Buy’ from ‘Neutral’ at Goldman Sachs with a price target of $90.<\/span>
\n VMware (VMW +0.58%) rose 2% in after-hours trading after it reported Q3 adjusted EPS of $1.34, better than consensus of $1.27, and then raised guidance on full-year adjusted EPS to $5.13 from a prior view of $5.06, above consensus of $5.07.<\/span>
\n E*TRADE Financial (ETFC +0.75%) was initiated with a recommendation of ‘Outperform’ at Credit Suisse with a 12-month target price of $56.<\/span>
\n Charles Schwab (SCHW +0.76%) was initiated with a recommendation of ‘Outperform’ at Credit Suisse with a 12-month target price of $55.<\/span>
\n Zumiez (ZUMZ +4.56%) fell 5% in after-hours trading after it reported Q3 gross margin of 33.9%, below consensus of 34.6%.<\/span>
\n Nutanix (NTNX +0.86%) climbed over 2% in after-hours trading after it reported Q1 revenue of $275.6 million, above consensus of $266.9 million, and said it expected Q2 revenue of $280 million to $285 million, the mid-point above consensus of $282 million.<\/span>
\n Yext (YEXT +1.92%) dropped 5% in after-hours trading after it said it sees Q4 revenue of $47.3 million to $48.3 million, weaker than consensus of $48.5 million.<\/span>
\n Wednesday’s Key Earnings<\/strong>
\n Box (NYSE:BOX) -5.3% AH hit by a widening loss in Q3.
\n Workday (NYSE:WDAY) -5.2% AH despite adding subscribers.<\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 9:05 Fed’s Bullard: U.S. Monetary and Economic Policy
\n 9:30 Fed’s Kaplan speech
\n 9:45 PMI Manufacturing Index
\n 10:00 ISM Manufacturing Index
\n 10:00 Construction Spending
\n 10:15 Fed’s Harker: \u201cInclusive Economic Growth\u201d
\n 1:00 PM Baker-Hughes Rig Count<\/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 Friday. Happy December. ————————————— Cyber Week Special… Buy an annual subscription to LeavittBrothers.com or any report at LeavittBrothers.net and get 3 months free. —————————————<\/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\/11025"}],"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=11025"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11025\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}