{"id":11341,"date":"2018-02-05T08:43:37","date_gmt":"2018-02-05T13:43:37","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11341"},"modified":"2018-02-05T08:43:37","modified_gmt":"2018-02-05T13:43:37","slug":"before-the-open-feb-5-6","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11341","title":{"rendered":"Before the Open (Feb 5)"},"content":{"rendered":"

Good morning. Happy Monday. Hope you had a good weekend. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly down with big losses. China posted a gain, but Japan, Hong Kong, South Korea, India, New Zealand, Taiwan, Australia, Malaysia, Singapore, Thailand and the Philippines posted big losses. Europe, Africa and the Middle East<\/strong> are currently mostly down big. The UK, France, Turkey, Germany, Greece, South Africa, Finland, Switzerland, Norway, Hungary, Spain, the Netherlands, Italy, Belgium, Portugal, Austria and Sweden are down at least 1% each. Futures in the States<\/strong> point towards a moderate gap down open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>LeavittBrothers.net Overview<\/a>
\n—————<\/span>
\n The dollar is down. Bitcoin is down. Oil is down; copper is up. Gold and silver are up. Bonds are up. <\/span>
\n Stock headlines<\/strong> from barchart.com…<\/span>
\n Wells Fargo (WFC -2.20%) tumbled over 8% in pre-market trading after the Federal Reserve said the bank is banned from any further asset growth until it can resolve compliance problems and settle its recent history of consumer abuses.<\/span>
\n Dick’s Sporting Goods (DKS +0.35%) was downgraded to ‘Underweight’ from ‘Equal Weight’ at Barclays with a price target of $25.<\/span>
\n Accenture (ACN -2.22%) was upgraded to ‘Overweight’ from ‘Equal Weight’ at Morgan Stanley.<\/span>
\n Southern Copper (SCCO -3.56%) was downgraded to ‘Sell’ from ‘Neutral’ at Banco BTG Pactual SA with a price target of $44.<\/span>
\n Marathon Petroleum (MPC -1.86%) was downgraded to ‘Hold’ from ‘Buy’ at Jeffries.<\/span>
\n Norwegian Cruise Line Holdings Ltd (NCLH -2.62%) was upgraded to ‘Overweight’ from ‘Neutral’ at JPMorgan Chase with a price target of $70.<\/span>
\n Lowe’s (LOW -2.27%) was upgraded to ‘Buy’ from ‘Hold’ at Jeffries.<\/span>
\n Illumina (ILMN -4.39%) was upgraded to ‘Buy’ from ‘Neutral’ at Citigroup with a price target of $275.<\/span>
\n Amgen (AMGN +0.78%) was downgraded to ‘Neutral’ from ‘Overweight’ at Atlantic Equities LP.<\/span>
\n ON Semiconductor (ON -2.59%) reported Q4 revenue of $1.38 billion, higher consensus of $1.35 billion, and said it sees Q1 revenue of $1.34 billion to $1.39 billion, the midpoint above consensus of $1.34 billion.<\/span>
\n Ambac Financial Group (AMBC -3.43%) may open higher this morning after it reported after the close Friday it expects total Q4 revenue of $170 million-$199 million, well above consensus of $124 million.<\/span>
\n Sprint (S +5.10%) was upgraded to ‘Sector Weight’ from ‘Underweight’ at KeyBanc Capital Markets.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 9:45 PMI Services Index
\n 10:00 ISM Non-Manufacturing Index
\n 12:30 PM TD Ameritrade IMX<\/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 Monday. Hope you had a good weekend. The Asian\/Pacific markets closed mostly down with big losses. China posted a gain, but Japan, Hong Kong, South Korea, India, New Zealand, Taiwan, Australia, Malaysia, Singapore, Thailand and the Philippines posted big losses. Europe, Africa and the Middle East are currently mostly down big. The […]<\/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\/11341"}],"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=11341"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11341\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}