{"id":11447,"date":"2018-02-28T08:33:15","date_gmt":"2018-02-28T13:33:15","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11447"},"modified":"2018-02-28T08:33:15","modified_gmt":"2018-02-28T13:33:15","slug":"before-the-open-feb-28-6","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11447","title":{"rendered":"Before the Open (Feb 28)"},"content":{"rendered":"

Good morning. Happy Wednesday. <\/span>
\n The Asian\/Pacific<\/strong> are mostly down. Japan, China, South Korea, Hong Kong and the Philippines are posting sizable losses. Europe, Africa and the Middle East<\/strong> currently lean to the downside. Austria and the Czech Republic are up; Poland, Greece, South Africa and Russia are down. Futures in the States<\/strong> point towards a small positive open for the cash market. <\/span>
\n—————
\n ESSAY: <\/strong>Three Steps to Epiphany<\/a>
\n—————<\/span>
\n The dollar is up. Bitcoin is down. Oil and copper are down. Gold and silver are up. Bonds are up. <\/span>
\n Stock headlines<\/strong> from barchart.com…<\/span>
\n Booking Holdings (BKNG -0.03%) jumped 7% in after-hours trading after it reported Q4 adjusted EPS of $16.86, well above consensus of $14.13.<\/span>
\n Chevron (CVX -0.86%) was upgraded to ‘Buy’ from ‘Neutral’ at Bank of America Merrill Lynch with a price target of $138.<\/span>
\n Lowe’s (LOW -1.76%) slid over 5% in pre-market trading after it reported Q4 adjusted EPS of 74 cents, weaker than consensus of 87 cents.<\/span>
\n Penumbra (PEN +0.14%) rallied almost 10% in after-hours trading after it forecast full-year revenue of $400 million to $405 million, better than consensus of $389.8 million.<\/span>
\n Albemarle (ALB +1.34%) gained almost 3% in after-hours trading after it said it sees full-year adjusted EPS of $5.00 to $5.40, the midpoint above consensus of $5.14.<\/span>
\n Express Scripts Holdings (ESRX +1.29%) rose 3% in after-hours trading after it said it expects 2018 adjusted EPS of $9.27 to $9.47, the midpoint above consensus of $9.34.<\/span>
\n Celgene (CELG -0.74%) tumbled 7% in after-hours trading after the FDA determined the pharmacology sections in Celgene’s NDA for its Ozanimod in treatment of patients with relapsing forms of Multiple Sclerosis were insufficient to permit a completed review.<\/span>
\n Weight Watchers International (WTW -2.55%) jumped 6% in after-hours trading after it reported Q4 EPS of 91 cents, well above consensus of 31 cents, and said it sees full-year EPS of $2.40 to $2.70, better than consensus of $2.28.<\/span>
\n Tesaro (TSRO +2.98%) sank almost 10% in after-hours trading after it reported a Q3 loss per share of -$3.35, a wider loss than consensus of -$2.39 a share.<\/span>
\n Papa John’s International (PZZA -1.59%) slid 7% in after-hours trading after it reported Q4 systemwide international comparable sales of +2.6%, well below consensus of +5.1%.<\/span>
\n Camping World Holdings (CWH -4.04%) climbed 6% in after-hours trading after it reported Q4 adjusted proforma EPS of 25 cents, above consensus of 22 cents.<\/span>
\n B&G Foods (BGS -2.50%) tumbled 13% in after-hours trading after it reported Q4 net sales of $473.7 million, weaker than consensus of $482.5 million, and said it sees full-year adjusted EPS of $2.05 to $2.25, below consensus of $2.26.<\/span>
\n Axon Enterprise (AAXN -3.23%) jumped 16% in after-hours trading after it reported an unexpected profit of 13 cents EPS, better than consensus for -3 cents a share loss.<\/span>
\n Etsy (ETSY -0.43%) rallied 13% in after-hours trading after it reported Q4 revenue of $136.3 million, above consensus of $132.4 million.<\/span>
\n TiVo (TIVO -0.37%) climbed over 12% in after-hours trading after it reported Q4 adjusted Ebitda of $74.6 million, higher than consensus of $74.0 million, and said it hired Liontree Advisors to explore alternatives for the company.<\/span>
\n Frontier Communications (FTR unch) dropped 8% in after-hours trading after it said it suspended its quarterly cash dividend.<\/span>
\n Big 5 Sporting Goods (BGFV -5.56%) fell 3% in after-hours trading after it forecast a Q1 loss per share of -6 cents to -14 cents, weaker than consensus for a loss of -4 cents per share.<\/span>
\n Tuesday’s Key Earnings<\/strong>
\n Celgene (NASDAQ:CELG) -6.8% AH on an FDA drug rejection.
\n Etsy (NASDAQ:ETSY) +14.9% AH with a holiday sales boom.
\n Express Scripts (NASDAQ:ESRX) +3.9% AH boosted by tax benefits.
\n Hertz (NYSE:HTZ) -6.5% AH missing earnings estimates.
\n Macy’s (NYSE:M) +3.5% amid “stellar” cost control.
\n Square (NYSE:SQ) -2% AH posting a wider quarterly loss.
\n TiVo (NASDAQ:TIVO) +12.2% AH examining options like going private.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 7:00 MBA Mortgage Applications
\n 8:30 GDP Q4
\n 9:45 Chicago PMI
\n 10:00 Pending Home Sales
\n 10:30 EIA Petroleum Inventories<\/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 are mostly down. Japan, China, South Korea, Hong Kong and the Philippines are posting sizable losses. Europe, Africa and the Middle East currently lean to the downside. Austria and the Czech Republic are up; Poland, Greece, South Africa and Russia are down. Futures in the States point towards a […]<\/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\/11447"}],"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=11447"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11447\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}