{"id":11513,"date":"2018-03-16T07:46:38","date_gmt":"2018-03-16T12:46:38","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11513"},"modified":"2018-03-16T07:46:38","modified_gmt":"2018-03-16T12:46:38","slug":"before-the-open-mar-16-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11513","title":{"rendered":"Before the Open (Mar 16)"},"content":{"rendered":"

Good morning. Happy Friday. Happy Quad Witching. <\/span>
\n The Asian\/Pacific<\/strong> markets leaned to the downside. Australia and the Philippines moved up while Japan, China, Hong Kong and India posted losses. Europe, Africa and the Middle East<\/strong> are currently mixed. The UAE, Hungary, Italy, Israel and Austria are up the most; Poland, Portugal and Sweden are down. Futures in the States<\/strong> point towards a flat open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>State of the Market<\/a>
\n—————<\/span>
\nThe dollar is down. Bitcoin is down. Oil and copper are up. Gold and silver are up. Bonds are mixed. <\/span>
\n Stock headlines<\/strong> from barchart.com…<\/span>
\n WellCare Health Plans (WCG -0.36%) was upgraded to ‘Buy’ from ‘Neutral’ at Bank of America\/Merrill Lynch with a price target of $240.<\/span>
\n Adobe Systems (ADBE +0.20%) climbed almost 4% in after-hours trading after it reported Q1 revenue of $2.08 billion, better than consensus of $2.05 billion, and forecast Q2 revenue of $2.15 billion, above consensus of $2.14 billion.<\/span>
\n Broadcom Ltd (AVGO +2.75%) slid over 1% in after-hours trading after it said it sees Q2 adjusted revenue of $5.0 billion, plus or minus $75 million, close to consensus of $5.0 billion.<\/span>
\n Ulta Beauty (ULTA +2.05%) lost 1% in after-hours trading after it forecast Q1 EPS of $2.43 to $2.48, weaker than consensus of $2.59.<\/span>
\n CRISPR Therapeutics AG (CRSP -9.58%) gained almost 3% in after-hours trading when Guggenheim Securities raised its price target on the stock to $85.<\/span>
\n Overstock.com (OSTK -0.62%) dropped almost 7% in after-hours trading after it reported a Q4 loss per share of -$3.72.<\/span>
\n Jabil (JBL +1.03%) rose over 3% in after-hours trading after it reported Q2 core EPS of 66 cents, better than consensus of 62 cents, and said it sees full-year core EPS of $2.60, above consensus of $2.57.<\/span>
\n Zumiez (ZUMZ +2.04%) lost over 1% in after-hours trading after it reported Q4 EPS of 80 cents, below consensus of 90 cents.<\/span>
\n Golden Entertainment (GDEN +1.71%) slid nearly 3% in after-hours trading after it said it plans to invest $140 million in the Stratosphere Casino.<\/span>
\n Zagg (ZAGG -0.40%) rose almost 4% in after-hours trading after it was rated a new ‘Buy’ at D.A. Davidson with a price target of $20.<\/span>
\n FireEye (FEYE +3.84%) gained almost 3% in after-hours trading after CEO Kevin Mandia appeared on CNBC and said “I think we own that moment” in regard to investigating digital-currency hacks,<\/span>
\n Cymabay Therapeutics (CBAY -8.09%) rose 5% in after-hours trading after it said it will start a Phase 3 study of its Seladeplar for primary biliary cholangitis in the second half of this year.<\/span>
\n Purple Innovation (PRPL +2.27%) tumbled 12% in after-hours trading after it announced CEO Sam Bernards is stepping down to pursue other opportunities.<\/span>
\n Amyris (AMRS -2.62%) surged over 20% in after-hours trading after it forecast more than $10 million of positive Ebitda for 2018, better than consensus of negative Ebitda of -$10.2 million.<\/span>
\n Eastman Kodak (KODK -1.98%) jumped 14% in after-hours trading after it forecast 2018 operational Ebitda of $60 million-$70 million versus $49 million in 2017.<\/span>
\n Thursday’s Key Earnings<\/strong>
\n Adobe (NASDAQ:ADBE) +3.8% AH on strong subscriber growth.
\n Broadcom (AVGO) -1.8% AH despite FQ1 beat, Brocade buy.
\n Dollar General (NYSE:DG) +4.8% posting a solid holiday quarter.<\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:30 Housing Starts
\n 9:15 Industrial Production
\n 10:00 Consumer Sentiment
\n 10:00 Job Openings and Labor Turnover Survey
\n 1:00 PM Baker-Hughes Rig Count<\/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 Friday. Happy Quad Witching. The Asian\/Pacific markets leaned to the downside. Australia and the Philippines moved up while Japan, China, Hong Kong and India posted losses. Europe, Africa and the Middle East are currently mixed. The UAE, Hungary, Italy, Israel and Austria are up the most; Poland, Portugal and Sweden are down. […]<\/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\/11513"}],"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=11513"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11513\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}