{"id":11129,"date":"2018-01-05T08:43:43","date_gmt":"2018-01-05T13:43:43","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11129"},"modified":"2018-01-05T08:43:43","modified_gmt":"2018-01-05T13:43:43","slug":"before-the-open-dec-5-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11129","title":{"rendered":"Before the Open (Jan 5)"},"content":{"rendered":"

Good morning. Happy Friday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly up. Japan, South Korea, India, Australia, Malaysia and Indonesia did the best. Europe, Africa and the Middle East<\/strong> are mostly up. France, Turkey, Germany, Spain, Italy, Belgium, Israel, Sweden and Saudi Arabia are leading. Futures in the States<\/strong> point towards a moderate gap up open for the cash market.<\/span>
\nThe dollar is up. Bitcoin is up. Oil and copper are down. Gold and silver are down. Bonds are down. <\/span>
\nHere are the employment numbers:<\/span>
\nunemployment rate: 4.1% (was 4.1% last month)
\nnonfarm payrolls: +148K
\nprivate payrolls:
\naverage workweek: flat at 34.5 hours
\nhourly wages: up 0.3%
\nlabor participation rate: flat at 62.7%<\/span><\/span><\/span><\/span><\/span><\/span>
\nNovember job gains increased from 228K to 252K.
\nOctober job gains decreased 9K<\/span><\/span>
\n Stock headlines<\/strong> from barchart.com…<\/span>
\n Cisco Systems (CSCO -0.46%) rose over 2% in pre-market trading after it was upgraded to ‘Buy’ from ‘Neutral’ at Bank of America\/Merrill Lynch with a target price of $46.<\/span>
\n Cheniere Energy (LNG -0.47%) was rated a new ‘Buy’ at Stifel with a 12-month target price of $65.<\/span>
\n F5 Networks (FFIV +2.30%) gained over 1% in pre-market trading after it was upgraded to ‘Buy from ‘Neutral’ at Bank of America\/Merrill Lynch with a target price of $157.<\/span>
\n PriceSmart (PSMT +1.68%) dropped nearly 7% in after-hours trading after it reported Q1 net income fell -10% y\/y to $22.5 million from $24.9 million a year ago.<\/span>
\n Cantor Fitzgerald assumed coverage of Intuitive Surgical (ISRG -1.80%) with a recommendation of ‘Overweight’ with a 12-month target price of $410.<\/span>
\n Sonic (SONC -0.36%) climbed 6% in after-hours trading after it reported Q1 adjusted EPS of 30 cents, above consensus of 25 cents.<\/span>
\n Henry Schein (HSIC +0.06%) was rated a new ‘Outperform’ at Evercore ISI with a 12-month target price of $81.<\/span>
\n Evercore ISI initiated coverage of Laboratory Corp (LH -0.36%) with a recommendation of ‘Outperform’ with a 12-month target price of $176.<\/span>
\n Franklin Covey (FC +0.92%) jumped nearly 10% in after-hours trading after it reported Q1 revenue of $47.93 million, better than consensus of $43.50 million.<\/span>
\n ViewRay (VRAY -0.21%) rose 4% in after-hours trading after Cantor Fitzgerald assumed coverage of the stock with a recommendation of ‘Overweight’ and a 12-month target price of $13.<\/span>
\n Datawatch (DWCH -2.65%) rallied 15% in after-hours trading after Reuters reported three sources said DWCH hired a financial adviser when it received expressions of interest from potential acquirers.<\/span>
\n Francesca’s Holdings (FRAN unch) slumped 16% in after-hours trading after it said holiday sales were “disappointing” as it cut its Q4 sales estimate to $137 million-$139 million from a previous estimate of $145 million-$150 million.<\/span>
\n Barnes & Noble (BKS -2.26%) slid 3% in after-hours trading after it reported holiday comparable-store sales fell -6.4% y\/y.<\/span>
\n T2 Biosystems (TTOO +0.65%) gained 4% in after-hours trading after it said it expects FDA clearance of its T2Bacteria Panel in Q1 of this year.<\/span>
\n Novan (NOVN -1.40%) tumbled 10% in after-hours trading after it announced that it intends to sell $30 million in shares of its common stock and accompanying warrants to purchase shares in an underwritten public offering.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:30 Non-farm payrolls
\n 8:30 International Trade
\n 10:00 Factory Orders
\n 10:00 ISM Non-Manufacturing Index
\n 10:15 Fed’s Harker: Economic Outlook
\n 12:30 PM Fed’s Mester speech
\n 1:00 PM Baker-Hughes Rig Count
\n 10:15 Fed’s Mester Speech on Saturday<\/span><\/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. The Asian\/Pacific markets closed mostly up. Japan, South Korea, India, Australia, Malaysia and Indonesia did the best. Europe, Africa and the Middle East are mostly up. France, Turkey, Germany, Spain, Italy, Belgium, Israel, Sweden and Saudi Arabia are leading. Futures in the States point towards a moderate gap up open for […]<\/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\/11129"}],"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=11129"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11129\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}