{"id":11561,"date":"2018-03-22T07:40:59","date_gmt":"2018-03-22T12:40:59","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11561"},"modified":"2018-03-22T07:40:59","modified_gmt":"2018-03-22T12:40:59","slug":"before-the-open-mar-22-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11561","title":{"rendered":"Before the Open (Mar 22)"},"content":{"rendered":"

Good morning. Happy Thursday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed with a lean to the downside. Japan, South Korea, Malaysia and the Philippines posted gains while China, Hong Kong, India, Indonesia and Singapore posted losses. Europe, Africa and the Middle East<\/strong> are currently mostly down. Poland, France, Germany, the UAE, South Africa, Finland, Hungary, Spain, the Netherlands, Italy, Belgium, Israel and Sweden are down more than 1%. Saudi Arabia is doing well. Futures in the States<\/strong> point towards a relatively big gap down open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>Dissecting Example Trades<\/a>
\n—————<\/span>
\nThe dollar is down a small amount. 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 Trivago NV (TRVG +1.96%) was down over 2% in pre-market trading after it was downgraded to ‘Underweight’ from ‘Neutral’ at JPMorgan Chase.<\/span>
\n FCB Financial Holdings (FCB +0.45%) was rated a new ‘Sell’ at UBS with a price target of $48.<\/span>
\n Booking Holdings (BKNG +0.27%) was rated a new ‘Buy’ at Mizuho Securities USA with a price target of $2,600.<\/span>
\n Five Below (FIVE -2.67%) gained +0.3% in after-hours trading after it forecast Q1 net sales of $290 million to $294 million, higher than consensus of $284.6 million.<\/span>
\n Guess? (GES +3.60%) jumped 9% in after-hours trading after it reported Q4 adjusted EPS of 62 cents, higher than consensus of 54 cents, and forecast full-year EPS of 86 cents to 98 cents, the midpoint above consensus of 90 cents.<\/span>
\n Evercore (EVR +0.43%) will replace Snyder’s-Lance in the S&P MidCap 400 prior to the open of trading on Monday, Mar 26.<\/span>
\n Tabula Rasa HealthCare (TRHC +0.60%) will replace Almost Family in the S&P SmallCap 600 prior to the open of trading on Monday, Apr 2.<\/span>
\n ITT Inc (ITT +1.26%) was rated a new ‘Buy’ at D.A. Davidson with a price target of $60.<\/span>
\n Herman Miller (MLHR -0.45%) fell 2% in after-hours trading after it forecast Q4 sales of $590 million to $610 million, below consensus of $612 million.<\/span>
\n Altair Engineering (ALTR -1.22%) rose over 3% in after-hours trading after it forecast 2018 total revenue of $362 million to $366 million, better than consensus of $359.3 million.<\/span>
\n Quad\/Graphics (QUAD +0.30%) fell over 8% in after-hours trading after it acquired a majority stake in Rise Interactive, although no terms were mentioned.<\/span>
\n Resonant (RESN -4.54%) slid almost 5% in after-hours trading after it announced that it will sell $20 million of its common stock in an underwritten public offering.<\/span>
\n Wednesday’s Key Earnings<\/strong>
\n General Mills (NYSE:GIS) -8.9% after guiding below consensus.<\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:30 Initial Jobless Claims
\n 9:00 FHFA House Price Index
\n 9:45 PMI Composite Flash
\n 9:45 Bloomberg Consumer Comfort Index
\n 10:00 Leading Indicators
\n 10:30 EIA Natural Gas Inventory
\n 11:00 Kansas City Fed Mfg Survey
\n 4:30 PM Money Supply
\n 4:30 PM Fed Balance Sheet<\/span><\/span><\/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 Thursday. The Asian\/Pacific markets closed with a lean to the downside. Japan, South Korea, Malaysia and the Philippines posted gains while China, Hong Kong, India, Indonesia and Singapore posted losses. Europe, Africa and the Middle East are currently mostly down. Poland, France, Germany, the UAE, South Africa, Finland, Hungary, Spain, the Netherlands, […]<\/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\/11561"}],"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=11561"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11561\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}