{"id":11115,"date":"2018-01-02T08:53:53","date_gmt":"2018-01-02T13:53:53","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11115"},"modified":"2018-01-02T08:53:53","modified_gmt":"2018-01-02T13:53:53","slug":"before-the-open-jan-2-4","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11115","title":{"rendered":"Before the Open (Jan 2)"},"content":{"rendered":"

Good morning. Happy Tuesday. Happy New Years. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly up. China, Hong Kong, South Korea, Taiwan, Singapore and Thailand did the best; Malaysia dropped. Europe, Africa and the Middle East<\/strong> are split. Turkey, the UAE, Greee and Portugal are up while the UK, Poland, France and Germany are down. Futures in the States<\/strong> point towards a moderate gap up open for the cash market. <\/span>
\nThe dollar is down. Bitcoin is up. Oil and copper are down. Gold and silver are up. Bonds are down. <\/span>
\n Stock headlines<\/strong> from barchart.com…<\/span>
\n Disney (DIS -0.24%) was upgraded to ‘Outperform’ from ‘Neutral’ at Macquarie with a price target of $125.<\/span>
\n Netflix (NFLX -0.39%) was upgraded to ‘Outperform’ from ‘Neutral’ at Macquarie with a price target of $220.<\/span>
\n Johnson & Johnson (JNJ -0.60%) was downgraded to ‘Neutral’ from ‘Overweight’ at JP Morgan Chase.<\/span>
\n Abbott Laboratories (ABT -0.68%) was upgraded to ‘Overweight’ from ‘Equal-Weight’ at Morgan Stanley with a price target of $67.<\/span>
\n L Brands (LB -1.31%) was upgraded to ‘Outperform’ from ‘Neutral’ at Baird with a price target of $70.<\/span>
\n International Paper (IP +0.19%) was upgraded to ‘Buy’ from ‘Neutral’ at Bank of America\/Merrill Lynch with a price target of $66.<\/span>
\n Allstate (ALL -0.19%) was downgraded to ‘Underperform’ from ‘Market Perform’ at Keefe, Bruyette & Woods with a price target of $93.<\/span>
\n Genesco (GCO unch) was upgraded to ‘Buy’ from ‘Hold’ at Jeffries.<\/span>
\n Lennar (LEN -0.91%) may move higher this morning after GAMCO reported a 11.76% stake in the company after the close of trading on Friday.<\/span>
\n RCI Hospitality (RICK -1.89%) said it sees preliminary Q4 revenue of $39.2 million, better than consensus of $38.1 million, but said it needs more time to file a 10-K to resolve two non-cash accounting issues.<\/span>
\n vTv Therapeutics (VTVT +8.09%) rallied nearly 6% in after-hours trading after it rallied 45% on Thursday and Friday when shareholder Ron Perelman, who owns more than 10% of the company, reported that he bought an additional 50,000 shares of the company’s common stock at an average price of $4.03 on December 26.<\/span>
\n Xunlei Ltd (XNET +5.05%) rose almost 3% in after-hours trading after Morgan Stanley reported a 5.1% passive stake in the company.<\/span>
\n Vintage Capital raised its stake in Vitamin Shoppe (VSI +1.15%) to 12.4% from 9.9% reported Dec 15.<\/span>
\n New York REIT (NYRT -0.51%) may move higher this morning after Davidson Kempner reported a new 7.1% passive stake in the company after the close of trading on Friday.<\/span>
\n Kadmon Holdings (KDMN +4.02%) fell 3% in after-hours trading after it filed to sell a $150 million mixed securities shelf.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 9:45 PMI Manufacturing Index<\/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 Tuesday. Happy New Years. The Asian\/Pacific markets closed mostly up. China, Hong Kong, South Korea, Taiwan, Singapore and Thailand did the best; Malaysia dropped. Europe, Africa and the Middle East are split. Turkey, the UAE, Greee and Portugal are up while the UK, Poland, France and Germany are down. Futures in the […]<\/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\/11115"}],"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=11115"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11115\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}