{"id":11161,"date":"2018-01-17T08:42:07","date_gmt":"2018-01-17T13:42:07","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11161"},"modified":"2018-01-17T08:42:07","modified_gmt":"2018-01-17T13:42:07","slug":"before-the-open-jan-17-5","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11161","title":{"rendered":"Before the Open (Jan 17)"},"content":{"rendered":"

Good morning. Happy Wednesday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mixed. Hong Kong, Indonesia and New Zealand did well; South Korea and Australia were weak. Europe, Africa and the Middle East<\/strong> are currently mixed. Turkey, the UAE, South Africa and Finland are up; Greece, Norway and Spain are down. Futures in the States<\/strong> point towards a relatively big gap up open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>The 25-Year Tech Cycle<\/a>
\n—————<\/span>
\n The dollar is up. Bitcoin is down. Oil and copper are down. Gold and silver are down. Bonds are mixed and flat. <\/span>
\n Stock headlines<\/strong> from barchart.com…<\/span>
\n Dick’s Sporting Goods (DKS -3.00%) was upgraded to ‘Buy’ from ‘Neutral’ at Buckingham Research Group with a price target of $40.<\/span>
\n Boyd Gaming (BYD -0.88%) was rated a new ‘Buy’ at Argus Research with a 12-month target price of $44.<\/span>
\n International Business Machines (IBM +0.44%) was upgraded to ‘Overweight’ from ‘Underweight’ at Barclays with a price target of $192.<\/span>
\n L3 Technologies (LLL -0.99%) was upgraded to ‘Buy’ from ‘Neutral’ at Bank of America\/Merrill Lynch with a 12-month target price of $240.<\/span>
\n Renasant (RNST +0.34%) lost 4% in after-hours trading after it reported Q4 EPS of 33 cents, well below consensus of 63 cents.<\/span>
\n Juno Therapeutics (JUNO -6.46%) surged over 40% in after-hours trading after the WSJ reported Celgene was in talks to buy the company.<\/span>
\n Nutanix (NTNX -4.84%) fell 3% in after-hours trading after it announced it will offer $400 million in convertible senior notes due 2023.<\/span>
\n Verso (VRS +0.35%) rallied 10% in after-hours trading after it said it expanded its strategic evaluation to include other alternatives, including a merger or sale.<\/span>
\n Boot Barn Holdings (BOOT -0.78%) fell 4% in after-hours trading after it announced the launch of a public offering of 5.5 million shares of its common stock held by certain holders.<\/span>
\n Intrexon (XON -6.39%) dropped 7% in after-hours trading after it announced an underwritten public offering of shares of its common stock, although no size was given.<\/span>
\n Newater Technology (NEWA +21.54%) jumped over 15% in after-hours trading after it said it will form a limited partnership with NW Blockchain to develop blockchain applications.<\/span>
\n A10 Networks (ATEN -3.56%) slumped 23% in after-hours trading after it reported preliminary Q4 revenue was $55.5 million to $56.0 million, well below estimates of $65.1 million, as the company cited weaker-than-expected North American demand trends.<\/span>
\n Aerohive Networks (HIVE -3.23%) tumbled 16% in after-hours trading after it reported preliminary Q4 net revenue of $37 million, weaker than a prior estimate of $40 million to $42 million, and below consensus of $40.5 million.<\/span>
\n Cloud Peak Energy (CLD -4.32%) climbed 6% in after-hours trading after it signed a long-term contract to supply coal to a Japanese IGCC power plant beginning at the end of 2019 and continuing for a period of 30 to 40 months.<\/span>
\n Tuesday’s Key Earnings<\/strong>
\n Citigroup (NYSE:C) +0.4% after topping estimates.
\n CSX (NYSE:CSX) -1% AH on turnaround plan disruptions.<\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 7:00 MBA Mortgage Applications
\n 8:55 Redbook Chain Store Sales
\n 9:15 Industrial Production
\n 10:00 NAHB Housing Market Index
\n 2:00 PM Fed’s Beige Book
\n 4:00 PM Treasury International Capital<\/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 Wednesday. The Asian\/Pacific markets closed mixed. Hong Kong, Indonesia and New Zealand did well; South Korea and Australia were weak. Europe, Africa and the Middle East are currently mixed. Turkey, the UAE, South Africa and Finland are up; Greece, Norway and Spain are down. Futures in the States point towards a relatively […]<\/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\/11161"}],"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=11161"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11161\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}