{"id":11147,"date":"2018-01-11T08:45:27","date_gmt":"2018-01-11T13:45:27","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11147"},"modified":"2018-01-11T08:45:27","modified_gmt":"2018-01-11T13:45:27","slug":"before-the-open-jan-11-6","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11147","title":{"rendered":"Before the Open (Jan 11)"},"content":{"rendered":"

Good morning. Happy Thursday.<\/span>
\n The Asian\/Pacific<\/strong> markets leaned to the downside. China and Thailand moved up. The Philippines and New Zealand dropped more than 1%; Austria and Malaysia were also weak. Europe, Africa and the Middle East<\/strong> currently lean to the upside. Poland, Greece, Russia, Spain, Italy, Israel, Saudi Arabia and the Czech Republic are up; Denmark and South Africa are down. Futures in the States<\/strong> point towards a moderate gap up open for the cash market. <\/span>
\n—————
\n Podcast: <\/strong>with Chat With Traders<\/a>
\n—————<\/span>
\n The dollar is down. Bitcoin is down. Oil and copper are up. Gold and silver are flat. Bonds are down. <\/span>
\n Stock headlines<\/strong> from barchart.com…<\/span>
\n Union Pacific (UNP -0.92%) was upgraded to ‘Outperform’ from ‘Neutral’ at Daiwa Securities with a price target of $158.<\/span>
\n VMware (VMW -0.04%) was upgraded to ‘Ourperform’ from ‘Market Perform’ at Cowen.<\/span>
\n KB Home (KBH +0.44%) rose almost 4% in after-hours trading after it reported Q4 revenue of $1.40 billion, higher than consensus of $1.35 billion.<\/span>
\n Progress Software (PRGS -0.11%) jumped 7% in after-hours trading after it said it sees full-year adjusted EPS of $2.29 to $2.35, well above consensus of $1.88.<\/span>
\n Duke Energy (DUK -1.39%) was downgraded to ‘Neutral’ from ‘Buy’ at Goldman Sachs.<\/span>
\n Expedia (EXPE -0.08%) gained over 1% in after-hours trading after it was upgraded to ‘Overweight’ from ‘Equal-Weight’ at Morgan Stanley with a price target of $160.<\/span>
\n Zillow Group (ZG +0.55%) rose nearly 2% in after-hours trading after it was upgraded to ‘Overweight’ from ‘Equal-Weight’ at Morgan Stanley with a price target of $50.<\/span>
\n Advanced Energy (AEIS -1.06%) was rated a new ‘Buy’ at D.A. Davidson.<\/span>
\n Dollar Tree (DLTR -0.05%) was rated a new ‘Buy’ at Guggenheim Securities with a 12-month target price of $125.<\/span>
\n NiSource (NI -2.31%) was upgraded to ‘Buy’ from ‘Neutral’ at Goldman Sachs.<\/span>
\n Southern Co (SO -1.39%) was downgraded to ‘Sell’ from ‘Neutral’ at Goldman Sachs.<\/span>
\n Avangrid (AGR -1.88%) was rated a new ‘Buy’ at Goldman Sachs.<\/span>
\n Coupa Software (COUP -0.47%) was rated a new ‘Buy’ at Needham & Co with a 12-month target price of $39.<\/span>
\n Lipocene (LPCN +1.17%) plummeted over 50% in after-hours trading after a FDA advisory panel voted 13-6 that the benefit\/risk of Lipocene’s Tlando isn’t acceptable as a testosterone replacement therapy.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:30 Initial Jobless Claims
\n 8:30 Producer Price Index
\n 9:45 Bloomberg Consumer Comfort Index
\n 10:30 EIA Natural Gas Inventory
\n 1:00 PM Results of $12B, 30-Year Note Auction
\n 2:00 PM Treasury Budget
\n 3:30 PM Fed’s Dudley: Economic Outlook
\n 4:30 PM Money Supply
\n 4:30 PM Fed Balance Sheet<\/span><\/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 Thursday. The Asian\/Pacific markets leaned to the downside. China and Thailand moved up. The Philippines and New Zealand dropped more than 1%; Austria and Malaysia were also weak. Europe, Africa and the Middle East currently lean to the upside. Poland, Greece, Russia, Spain, Italy, Israel, Saudi Arabia and the Czech Republic are […]<\/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\/11147"}],"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=11147"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11147\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}