{"id":11045,"date":"2017-12-08T09:03:11","date_gmt":"2017-12-08T14:03:11","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11045"},"modified":"2017-12-08T09:03:11","modified_gmt":"2017-12-08T14:03:11","slug":"before-the-open-dec-8-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11045","title":{"rendered":"Before the Open (Dec 8)"},"content":{"rendered":"

Good morning. Happy Friday. Happy Employment Numbers Day. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly up. Japan, Hong Kong, Singapore and the Philippines gained more than 1%; China, India and New Zealand also did well. Europe, Africa and the Middle East<\/strong> are currently mostly up. Turkey, Germany, Greece, Spain, Italy and Sweden are up more than 1%; several other market are posting solid gains also. Futures in the States<\/strong> point towards a relatively big gap up open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>The Trend is Your Friend<\/a>
\n—————<\/span>
\n The dollar is up. Oil and copper are up. Gold and silver are mixed and little changed. Bonds are down. <\/span>
\n Here are the employment numbers:<\/span>
\n unemployment rate: 4.1% (was 4.1% last month)
\n nonfarm payrolls: +228K
\n private payrolls:
\n average workweek: up 0.1 hours to 34.5 hours
\n hourly wages: up 5 cents to $26.55\/hour
\n labor participation rate:<\/span><\/span><\/span><\/span><\/span><\/span>
\n October job gains reduced from 261K to 244K.
\n September job gains increased from 18K to 38K.<\/span><\/span>
\n Stock headlines<\/strong> from barchart.com…<\/span>
\n Trivago (TRVG +0.76%) jumped nearly 8% in pre-market trading after it was upgraded to ‘Buy’ from ‘Hold’ at Deutsche Bank who said the “worst is likely behind the company.”<\/span>
\n Ingersoll-Rand (IR +0.05%) was upgraded to ‘Buy’ from ‘Neutral’ at Goldman Sachs.<\/span>
\n Science Applications International (SAIC +3.23%) gained nearly 3% in after-hours trading after it reported Q3 revenue of $1.15 billion, better than consensus of $1.11 billion.<\/span>
\n United Continental Holdings (UAL +2.15%) rose over 1% in after-hours trading after the company announced a new $3 billion share buyback program.<\/span>
\n Flowserve (FLS +2.01%) was downgraded to ‘Sell’ from ‘Neutral’ at Goldman Sachs.<\/span>
\n Dover (DOV +0.45%) lost 1% in after-hours trading after it said it will spin off its “Wellsite” oilfield services business into a standalone, publicly-traded company.<\/span>
\n Sage Therapeutics (SAGE +70.04%) rose 2% in after-hours trading, on top of the 70% the stock surged in Thursday’s session, on positive data from a Phase 2 trial of its SAGE-217 that met primary endpoint, provided rapid, profound and durable effects in the treatment of post-partum depression.<\/span>
\n United Natural Foods (UNFI +0.24%) fell 1% in after-hours trading after it reported Q1 EPS of 60 cents, right in expectations.<\/span>
\n Cloudera (CLDR +1.72%) rose 5% in after-hours trading after it reported Q3 revenue of $94.6 million, above consensus of $91.3 million, and said it sees Q4 revenue of $97 million to $99 million, the mid-point above consensus of $97.3 million.<\/span>
\n ForeScout Technologies (FSCT +0.35%) rallied almost 6% in after-hours trading after it reported Q3 revenue of $64.4 million, better than consensus of $64.0 million, and then said it sees Q4 revenue of $61 million-$63 million, higher than consensus of $58.1 million.<\/span>
\n American Outdoor Brands (AOBC +4.85%) tumbled 12% in after-hours trading after it said it sees full-year adjusted EPS of 57 cents to 67 cents, well below consensus of $1.09.<\/span>
\n Tellurian (TELL +1.35%) dropped over 10% in after-hours trading after it announced that it intends to sell 8.0 million shares of its common stock in an underwritten public offering.<\/span>
\n DavidsTea (DTEA +1.23%) gained 2% in after-hours trading after the company said it plans to hire financial advisers “in the near-term” to evaluate strategic alternatives, including a possible sale.<\/span>
\n Verastem (VSTEM) jumped over 6% in after-hours trading after Director Tim Barberich reported buying 60,500 shares of VSTEM at $3.95 on Dec 5.<\/span>
\nThursday’s Key Earnings<\/strong>
\n Broadcom (NASDAQ:AVGO) +4.5% AH following an earnings topper.
\n Lululemon (NASDAQ:LULU) +6.8% AH with strong comparable sales.<\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:30 Non-farm payrolls
\n 10:00 Wholesale Trade
\n 10:00 Consumer Sentiment
\n 1:00 PM Baker-Hughes Rig Count<\/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 Employment Numbers Day. The Asian\/Pacific markets closed mostly up. Japan, Hong Kong, Singapore and the Philippines gained more than 1%; China, India and New Zealand also did well. Europe, Africa and the Middle East are currently mostly up. Turkey, Germany, Greece, Spain, Italy and Sweden are up 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\/11045"}],"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=11045"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11045\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}