{"id":11181,"date":"2018-01-24T08:47:42","date_gmt":"2018-01-24T13:47:42","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11181"},"modified":"2018-01-24T08:47:42","modified_gmt":"2018-01-24T13:47:42","slug":"before-the-open-jan-24-6","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11181","title":{"rendered":"Before the Open (Jan 24)"},"content":{"rendered":"

Good morning. Happy Wednesday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mixed. China, Hong Kong and Singapore did well; Japan, Taiwan and the Philippines posted losses. Europe, Africa and the Middle East<\/strong> are currently mixed. Turkey, Greece and Switzerland are up; the UK, Poland, Finland and Hungary are down. Futures in the States<\/strong> point towards a moderate gap up open for the cash market. <\/span>
\n The dollar is down. Bitcoin is up. Oil and copper are up. Gold and silver are up. Bonds are down. <\/span>
\nWB is a trade of ours from last week that continues to work well for us. <\/span>
\n\"\"
\n Stock headlines<\/strong> from barchart.com…<\/span>
\n McKesson (MCK -1.36%) was upgraded to ‘Buy’ from ‘Hold’ at Jeffries with a price target of $205.<\/span>
\n United Continental Holdings (UAL +1.43%) gave up a 3% advance in after-hours trading and dropped 6% after it forecast capacity growth of as much as 6% this year, which may expand seat supply and cut gains in a gauge of pricing power by half a percentage point. UAL had initially moved higher after it reported Q4 adjusted EPS of $1.40, higher than consensus of $1.34.<\/span>
\n Total System Services (TSS +0.20%) rose over 2% in after-hours trading after it reported Q4 adjusted EPS of 82 cents, above consensus of 79 cents, and then said it sees full-year adjusted EPS from continuing operations of $4.10 to $4.20, better than consensus of $3.94.<\/span>
\n Capital One Financial (COF +0.21%) slid almost 2% in after-hours trading after it reported Q4 adjusted EPS of $1.62, weaker than consensus of $1.87.<\/span>
\n Texas Instruments (TXN +0.38%) fell over 5% in after-hours trading after it said it sees Q1 EPS of $1.01 to $1.17, the midpoint below consensus of $1.15.<\/span>
\n Puma Biotechnology (PBYI -3.25%) plunged over 28% in after-hours trading after the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) communicated a negative trend vote after meeting to discuss the Marketing Authorization Application for Puma’s Neratinib for treatment of early stage HER2-positive breast cancer.<\/span>
\n Qiagen NV (QGEN +1.51%) gained almost 2% in after-hours trading after it received clearance from the FDA for expanded use of its Jak2 test in diagnosis of myeloproliferative neoplasms.<\/span>
\n Arrie Pharmaceuticals (AERI +1.75%) lost over 1% in after-hours trading after it proposed to sell $75 million of shares of its common stock in an underwritten public offering.<\/span>
\n Mercury Systems (MRCY -0.45%) slid almost 6% in after-hours trading after it reported Q2 adjusted EPS of 28 cents, below consensus of 30 cents, and said it sees full-year adjusted EPS of $1.33 to $1.37, the midpoint below consensus of $1.37.<\/span>
\n Audentes Therapeutics (BOLD -0.16%) fell 3% in after-hours trading after it proposed to sell $150 million of shares of its common stock in an underwritten public offering.<\/span>
\n Five Prime Therapeutics (FPRX +0.63%) lost over 6% in after-hours trading after it proposed to sell $75 million of shares of its common stock in an underwritten public offering.<\/span>
\n Rocket Pharmaceuticals (RCKT +14.47%) fell almost 8% in after-hours trading after it proposed an offering of $50 million in shares of its common stock.<\/span>
\n Teekay Corp (TK +0.47%) dropped 7% in after-hours trading after it proposed a stock offering of 10 million shares of its common stock.<\/span>
\n Accuray (ARAY +0.97%) rallied nearly 8% in after-hours trading after it reported a Q2 loss of -6 cents a share, narrower than consensus for -11 cents a share loss.<\/span>
\n Sirius XM Holdings (SIRI +0.53%) gained 1% in after-hours trading after it added $2 billion to its stock buyback program.<\/span>
\n Cerus (CERS +3.34%) surged 20% in after-hours trading after it said a Phase 3 transfusion study of chronic anemia evaluating INTERCEPT-treated red blood cells in thalassemia patents met primary endpoints.<\/span>
\n Monday’s Key Earnings<\/strong>
\n Johnson & Johnson (JNJ) -4.3% on sweeping U.S. tax changes.
\n Kimberly-Clark (NYSE:KMB) +0.8% topping profit expectations.
\n Procter & Gamble (NYSE:PG) -3.1% with pricing still an issue.
\n Texas Instruments (NYSE:TXN) -6.9% AH amid a revenue growth slowdown.
\n United Continental (NYSE:UAL) -6.4% AH on plans to hike capacity.
\n Verizon -0.4% (NYSE:VZ) missing earnings estimates.<\/span><\/span><\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 7:00 MBA Mortgage Applications
\n 9:00 FHFA House Price Index
\n 9:45 PMI Composite Flash
\n 10:00 Existing Home Sales
\n 10:30 EIA Petroleum Inventories
\n 11:30 Results of $15B, 2-Year FRN Auction
\n 1:00 PM Results of $34B, 5-Year Note Auction<\/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 Wednesday. The Asian\/Pacific markets closed mixed. China, Hong Kong and Singapore did well; Japan, Taiwan and the Philippines posted losses. Europe, Africa and the Middle East are currently mixed. Turkey, Greece and Switzerland are up; the UK, Poland, Finland and Hungary are down. Futures in the States point towards a moderate gap […]<\/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\/11181"}],"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=11181"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11181\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}