{"id":11059,"date":"2017-12-13T08:44:27","date_gmt":"2017-12-13T13:44:27","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11059"},"modified":"2017-12-13T08:44:27","modified_gmt":"2017-12-13T13:44:27","slug":"before-the-open-dec-13-6","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11059","title":{"rendered":"Before the Open (Dec 13)"},"content":{"rendered":"

Good morning. Happy Wednesday. Happy Fed Day. <\/span>
\n The Asian\/Pacific<\/strong> markets closed with a lean to the upside. China, Hong Kong and South Korea did well; Japan and India posted losses. Europe, Africa and the Middle East<\/strong> currently lean to the downside. Greece and Finland are up, but Turkey, South Africa, Denmark, Russia, Italy, Belgium, Austria, Sweden and Romania are down. Futures in the States<\/strong> point towards a flat open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>LeavittBrothers.net Overview<\/a>
\n—————<\/span>
\n The dollar is flat. Oil and copper are up. Gold and silver are up. Bonds are down. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n O’Reilly Automotive (ORLY -0.15%) was upgraded to ‘Outperform’ from ‘Sector Perform’ at RBC Capital Markets with a target price of $282.<\/span>
\n Ralph Lauren (RL -1.04%) was downgraded to ‘Underperform’ from ‘Neutral’ at Bank of America\/Merrill Lynch with a 12-month target price of $80.<\/span>
\n Vulcan Materials (VMC -1.15%) was rated a new ‘Overweight’ at Barclays with a 12-month target price of $135.<\/span>
\n Morgan Stanley (MS +2.05%) may move higher this morning after it was upgraded to ‘Outperform’ from ‘Market Perform’ at Keefe, Bruyette & Woods with a price target of $59.<\/span>
\n Western Digital (WDC +0.70%) gained almost 2% in after-hours trading after it announced that it had entered into a global settlement agreement with Toshiba and agreed to extend the terms of its flash memory collaboration with Toshiba.<\/span>
\n VeriFone Systems PAY=}) dropped over 7% in after-hours trading after it said it sees Q1 adjusted EPS of 22 cents, weaker than consensus of 33 cents, and aid it sees full-year adjusted EPS of $1.47 to $1.50 below consensus of $1.57.<\/span>
\n Edison International (EIX -6.03%) rose over 1% in after-hours trading after the LAFD determined the Skirball Fire that broke out on Dec 6 was caused by an illegal cooking fire at an encampment in a brush area and not from electrical equipment from Edison.<\/span>
\n Intellia Therapeutics (NTLA -4.39%) lost almost 3% in after-hours trading after holder Novartis AG offered a block of 1.52 million shares of Intellia at $17.50-$17.75.<\/span>
\n Civitas Solutions (CIVI +4.49%) declined nearly 7% in after-hours trading after it reported Q4 net revenue of $380.4 million, below consensus of $386.8 million.<\/span>
\n Helios & Matheson Analytics (HMNY +10.41%) dropped over 17% in after-hours trading after it announced that it had commenced an underwritten public offering $50 million in shares of its common stock and warrants to purchase shares of its common stock.<\/span>
\n Proteostasis Therapeutics (PTI +161.28%) slid nearly 8% in after-hours trading after it announced that it intends to sell 7 million shares of its common stock in an underwritten public offering.<\/span>
\n Fate Therapeutics (FATE +7.00%) fell 5% in after-hours trading after it said that it had commenced an underwritten public offering of $30 million in shares of its common stock.<\/span>
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\nJoin our email list<\/a> – get technical research reports sent directly to you.<\/strong>
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\n Today’s Economic Calendar<\/strong>
\n 7:00 MBA Mortgage Applications
\n 8:30 Consumer Price Index
\n 10:30 EIA Petroleum Inventories
\n 2:00 PM FOMC Announcement
\n 2:00 PM FOMC Forecast
\n 2:30 PM Chairman Press Conference<\/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. Happy Fed Day. The Asian\/Pacific markets closed with a lean to the upside. China, Hong Kong and South Korea did well; Japan and India posted losses. Europe, Africa and the Middle East currently lean to the downside. Greece and Finland are up, but Turkey, South Africa, Denmark, Russia, Italy, Belgium, Austria, […]<\/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\/11059"}],"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=11059"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11059\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}