{"id":11111,"date":"2017-12-29T08:53:09","date_gmt":"2017-12-29T13:53:09","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11111"},"modified":"2017-12-29T08:53:09","modified_gmt":"2017-12-29T13:53:09","slug":"before-the-open-dec-29-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11111","title":{"rendered":"Before the Open (Dec 29)"},"content":{"rendered":"

Good morning. Happy Friday. <\/span>
\n Here we go – last day of the week, month, quarter and year. <\/span>
\n The Asian\/Pacific<\/strong> markets closed nearly up across-the-board. Hong Kong, South Korea, India, Taiwan, Malaysia, Indonesia and Thailand led the way; Australia posted a loss. Europe, Africa and the Middle East<\/strong> are split. The UK, the UAE, South Africa, Hungary and Israel are up; Poland, Germany, Italy, Austria and Sweden are down. Futures in the States<\/strong> point towards a relatively big gap up open for the cash market. <\/span>
\nThe dollar is down. Bitcoin is down. Oil is up; copper is down. Gold and silver are up. Bonds are down. <\/span>
\n Stock headlines<\/strong> from barchart.com…<\/span>
\n Renren (RENN +2.82%) gained nearly 4% in pre-market trading after it announced that it had entered into a definitive agreement to acquire Trucker Path, a provider of a social platform for the U.S. trucking industry.<\/span>
\n Syntel (SYNT -0.98%) was downgraded to ‘Underperform’ from ‘Market Perform’ at Wells Fargo Securities with a 12-month target price of $21.<\/span>
\n Eaton Corp PLC (ETN +0.96%) said it sees a one-time Q4 tax expense of between $90 million and $110 million because of the newly signed U.S. tax legislation.<\/span>
\n SandRidge Energy (SD +1.65%) rose nearly 2% in after-hours trading after it backed out of plans to acquire Bonanza Creek Energy due to pressure from activist shareholder Carl Icahn. Bonanza Creek Energy (BCEI -1.10%) slid over 1% in after-hours trading on the news.<\/span>
\n Raytheon (RTN +0.54%) received a $634.2 million contract from the U.S. Defense Department for production of the Advanced Medium-Range Air-to-Air Missiles (AMRAAM) and other AMRAMM items.<\/span>
\n Celgene (CELG +0.28%) said it will record a Q4 net pretax charge of $411 million related to the halt of two clinical trials of its GED-0301 phase II REVOLVE trial for treatment of Crohn’s disease.<\/span>
\n Huntington Ingalls Industries (HII +0.78%) will replace CR Bard BCR in the S&P 500 prior to the open of trading on Wednesday, January 3.<\/span>
\n Scientific Games (SGMS -0.10%) will replace Huntington Ingalls Industries in the S&P MidCap 400 prior to the open of trading on Wednesday, January 3.<\/span>
\n Ultra Clean Holdings (UCTT -0.98%) will replace Scientific Games in the S&P SmallCap 600 prior to the open of trading on Wednesday, January 3.<\/span>
\n Kimbell Royalty Partners LP (KRP -0.31%) may move higher this morning after Rivercrest Capital LLP reported a 5.6% stake in the company.<\/span>
\n The chief legal officer of Prologis (PLD +0.75%) , Edward Nekritz, sold $1.02 million of company shares at an average price of $64.51 on Dec 28.<\/span>
\n Alcentra Capital (ABDC -5.35%) may move higher this morning after Stillwell Value Partners reported a 7.2% stake in the company.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 1:00 PM Baker-Hughes Rig Count
\n SIFMA close 2:00 PM<\/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. Here we go – last day of the week, month, quarter and year. The Asian\/Pacific markets closed nearly up across-the-board. Hong Kong, South Korea, India, Taiwan, Malaysia, Indonesia and Thailand led the way; Australia posted a loss. Europe, Africa and the Middle East are split. The UK, the UAE, South Africa, […]<\/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\/11111"}],"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=11111"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11111\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}