{"id":11459,"date":"2018-03-02T08:38:01","date_gmt":"2018-03-02T13:38:01","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11459"},"modified":"2018-03-02T08:38:01","modified_gmt":"2018-03-02T13:38:01","slug":"before-the-open-mar-2-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11459","title":{"rendered":"Before the Open (Mar 2)"},"content":{"rendered":"

Good morning. Happy Friday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly down. Japan, Hong Kong, South Korea, Singapore and Thailand dropped more than 1%. Europe, Africa and the Middle East<\/strong> are currently mostly down. The UK, France, Turkey, Germany, Greece, Finland, Norway, Spain, the Netherlands, Italy, Austria and Sweden are down more than 1%. Futures in the States<\/strong> point towards a relatively big gap down open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>Long Term Trades for the Market’s Net Leg Up<\/a>
\n—————<\/span>
\n The dollar is down. Bitcoin is up. Oil is down; copper is up. Gold and silver are up. Bonds are down. <\/span>
\n Stock headlines<\/strong> from barchart.com…<\/span>
\n WalMart (WMT -1.03%) was downgraded to ‘Perform’ from ‘Outperform’ at Oppenheimer due to gross margin headwinds and cost pressures.<\/span>
\n ICU Medical (ICUI -3.52%) rose 4% in after-hours trading after it reported Q4 adjusted EPS of $2.98, well above consensus of $1.04, and then said it sees full-year adjusted EPS of $6.60 to 7.30, higher than consensus of $6.49.<\/span>
\n Splunk (SPLK +0.47%) rallied 6% in after-hours trading after it reported Q4 revenue of $419.7 million, better than consensus of $390.7 million, and said it sees Q1 revenue of $295 million to $297 million, higher than consensus of $294.8 million.<\/span>
\n Nektar Therapeutics (NKTR -2.32%) climbed almost 4% in after-hours trading after it reported a Q4 loss per share of -21 cents, narrower than consensus of -36 cents.;<\/span>
\n Microchip Technology (MCHP +0.10%) rose 5% in after-hours trading after it bought Microsemi for $8.35 billion. Microsemi MSCC=}) also rallied 5% on the news.<\/span>
\n Nordstrom (JWN -1.62%) lost nearly 4% in after-hours trading after it reported Q4 gross margin of +35.6%, below consensus of +36.0%.<\/span>
\n Ambarella (AMBA -5.01%) gained 4% in after-hours trading after it reported Q4 adjusted EPS of 45 cents, above consensus of 37 cents.<\/span>
\n The Gap (GPS +0.38%) climbed nearly 9% in after-hours trading after it reported Q4 adjusted EPS of 61 cents, better than consensus of 59 cents, and forecast full-year EPS of $2.55 to $2.70, above consensus of $2.41.<\/span>
\n Pure Storage (PSTG +0.51%) slumped 9% in after-hours trading after it said it sees Q1 adjusted gross margins 63.5%-66.5%, the midpoint below consensus of 65.7%.<\/span>
\n Intrexon (XON -0.92%) jumped 7% in after-hours trading after it reported Q4 revenue of $77.0 million, well above consensus of $48.2 million.<\/span>
\n American Outdoor Brands (AOBC +4.56%) sank 16% in after-hours trading after it reported Q3 net sales of $157.4 million, weaker than consensus of $172.4 million, and said it sees full-year adjusted EPS of 31 cents to 33 cents, well below consensus of 60 cents.<\/span>
\n Babcock & Wilcox Enterprises (BW -4.25%) plunged over 15% in after-hours trading after it reported Q4 revenue of $408.1 million, weaker than consensus of $431.7 million.<\/span>
\n Southwestern Energy ({=SWN =}) rose almost 5% in after-hours trading after it reported Q4 adjusted EPS of 12 cents, higher than consensus of 9 cents.<\/span>
\n OPKO Health (OPK -6.19%) tumbled almost 13% in after-hours trading after it reported a Q4 loss of -38 cents a share, a much wider loss than consensus of -8 cents a share.<\/span>
\n Thursday’s Key Earnings<\/strong>
\n OPKO Health (NYSEMKT:OPK) -16.7% AH on Q4 earnings miss.
\n VMware (NYSE:VMW) -2.6% AH on Q4 earnings beat, reverse-merger talks.
\n Ambarella (NASDAQ:AMBA) +5.1% AH on Q4 earnings beat, downside guidance.
\n Uniti Group (NASDAQ:UNIT) +3.3% AH on Q4 earnings beat.
\n Sarepta Therapeutics (NASDAQ:SRPT) +1.2% AH on Q4 earnings beat and revenue growth.
\n Synergy Pharmaceuticals (NASDAQ:SGYP) +6.3% AH on Q4 earnings.
\n Splunk (NASDAQ:SPLK) +6.2% AH on Q4 earnings beat, upside guidance.
\n American Outdoor Brands (NASDAQ:AOBC) -11.6% AH on plunging revenue, lower guidance.
\n Intrexon (NYSE:XON) +6% AH on Q4 revenue growth.
\n Nordstrom (NYSE:JWN) -3.6% AH on Q4 earnings miss, increased expenses.
\n The Gap (NYSE:GPS) +8.8% AH on jump in Q4 comparable sales.
\n Nutanix (NASDAQ:NTNX) +3% AH on Q2 beats, upside guidance, acquisition announcement.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 10:00 Consumer Sentiment
\n 1:00 PM Baker-Hughes Rig Count<\/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 Friday. The Asian\/Pacific markets closed mostly down. Japan, Hong Kong, South Korea, Singapore and Thailand dropped more than 1%. Europe, Africa and the Middle East are currently mostly down. The UK, France, Turkey, Germany, Greece, Finland, Norway, Spain, the Netherlands, Italy, Austria and Sweden are down more than 1%. Futures in 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\/11459"}],"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=11459"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11459\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}