{"id":11139,"date":"2018-01-09T08:43:27","date_gmt":"2018-01-09T13:43:27","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11139"},"modified":"2018-01-09T08:43:27","modified_gmt":"2018-01-09T13:43:27","slug":"before-the-open-jan-9-6","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11139","title":{"rendered":"Before the Open (Jan 9)"},"content":{"rendered":"

Good morning. Happy Tuesday.<\/span>
\n The Asian\/Pacific<\/strong> markets traded quietly and closed with a lean to the upside. The Philippines rallied 2%; Japan and Singapore also did well. South Korea was weak. Europe, Africa and the Middle East<\/strong> are currently mostly up. France, Finland, Russia, Sweden, Norway, Spain, Italy, Belgium, Portugal and Sweden are doing well. Poland, Turkey and Hungary are weak. Futures in the States<\/strong> point towards a positive open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>LeavittBrothers.net Overview<\/a>
\n—————<\/span>
\n The dollar is up. Bitcoin is down. Oil and copper are up. Gold and silver are down. Bonds are down. <\/span>
\n Stock headlines<\/strong> from barchart.com…<\/span>
\n FedEx (FDX +1.03%) was upgraded to ‘Buy’ from ‘Neutral’ at UBS with a price target of $302.<\/span>
\n Carnival (CCL -0.38%) was upgraded to ‘Outperform’ from ‘Neutral’ at Credit Suisse with a price target of $78.<\/span>
\n American Airlines Group (AAL -0.99%) was upgraded to ‘Buy’ from ‘Underperform’ at Bank of America\/Merrill Lynch with a price target of $64.<\/span>
\n Ormat Technologies (ORA +0.31%) was rated a new ‘Buy’ at Guggenheim Securities with a 12-month target price of $72.<\/span>
\n Allstate (ALL -0.47%) was cut to ‘Market Perform’ from ‘Outperform’ at Wells Fargo Securities.<\/span>
\n Encore Capital Group (ECPG -1.10%) was rated a new ‘Outperform’ at Oppenheimer with an 18-month target price of $53.<\/span>
\n Seagate Technology PLC (STX +7.13%) gained over 1% in after-hours trading after it reported preliminary Q2 revenue of $2.90 billion, better than consensus of $2.74 billion.<\/span>
\n Credit Acceptance Corp (CACC +0.37%) was rated a new ‘Outperform’ at Oppenheimer with an 18-month target price of $355.<\/span>
\n Urban Outfitters (URBN -1.52%) fell almost 6% in after-hours trading after it said holiday comparable sales in stores fell -1%, even as net sales for the two months ended Dec 31 rose +3.6% over the same period last year.<\/span>
\n A Schulman (SHLM -0.51%) climbed more than 5% in after-hours trading after it reported Q1 revenue of $674.6 million, better than consensus of $625 million.<\/span>
\n Adamas Pharmaceuticals (ADMS -5.52%) rallied over 5% in after-hours trading after it reported a full commercial launch of its Gocovri, its treatment of dyskinesia for Parkinson’s patients, which was approved by the FDA in Aug.<\/span>
\n elf Beauty (ELF +1.10%) dropped nearly 6% in after-hours trading after it cut its view for compound annual net sales and adjusted Ebitda growth to 10%-15% for fiscal 2016 through 2019, down from 20% projected for each year previously.<\/span>
\n Big 5 Sporting Goods (BGFV +3.29%) slumped over 17% in after-hours trading after it reported Q4 revenue of $243.2 million, well below consensus of $263.5 million.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 6:00 NFIB Small Business Optimism Index
\n 8:55 Redbook Chain Store Sales
\n 10:00 Job Openings and Labor Turnover Survey<\/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 Tuesday. The Asian\/Pacific markets traded quietly and closed with a lean to the upside. The Philippines rallied 2%; Japan and Singapore also did well. South Korea was weak. Europe, Africa and the Middle East are currently mostly up. France, Finland, Russia, Sweden, Norway, Spain, Italy, Belgium, Portugal and Sweden are doing well. […]<\/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\/11139"}],"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=11139"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11139\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}