{"id":11637,"date":"2018-04-09T07:47:54","date_gmt":"2018-04-09T12:47:54","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11637"},"modified":"2018-04-09T07:47:54","modified_gmt":"2018-04-09T12:47:54","slug":"before-the-open-apr-9-6","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11637","title":{"rendered":"Before the Open (Apr 9)"},"content":{"rendered":"

Good morning. Happy Monday. Hope you had a good weekend. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly up. Japan, Hong Kong, South Korea, India, New Zealand, Taiwan, Malaysia, Indonesia and Thailand did well; the Philippines were weak. Europe, Africa and the Middle East<\/strong> are currently mixed. The UAE, Greece, Hungary, Spain and Portugal are up; the UK, Turkey, Kenya and Austria are down. Futures in the States<\/strong> point towards a moderate gap up open for the cash market. <\/span>
\n—————
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\nThe dollar is down. Bitcoin is down. Oil and copper are up. Gold and silver are flat. Bonds are down. <\/span>
\n The market leans down, but let’s not get too bearish yet. The S&P’s 50-week MA continue to hold. <\/span>
\n\"\"
\n Stock headlines<\/strong> from barchart.com…<\/span>
\n General Motors (GM -0.84%) is up over 2% in pre-market trading after it was upgraded to ‘Overweight’ from ‘Equal-Weight’ at Morgan Stanley with a price target of $48.<\/span>
\n Agilent (A -3.09%) was upgraded to ‘Buy’ from ‘Neutral’ at Goldman Sachs.<\/span>
\n TD Ameritrade Holding Co (AMTD -2.69%) was upgraded to ‘Buy’ from ‘Neutral’ at Bank of America\/Merrill Lynch with a price target of $66.<\/span>
\n Discover Financial Services (DFS -2.48%) was upgraded to ‘Equal-Weight’ from ‘Underweight’ at Stephens with a price target of $73.<\/span>
\n Franklin Resources (BEN -2.44%) was downgraded to ‘Neutral’ from ‘Buy’ at Bank of America\/Merrill Lynch.<\/span>
\n Regeneron (REGN -2.73%) was downgraded to ‘Market Perform’ from ‘Outperform’ at Raymond James.<\/span>
\n Boeing (BA -3.06%) received a $12.3 billion deal for 47 dreamliners from American Airlines.<\/span>
\n InteractiveCorp (IAC -2.04%), Barry Diller’s media company, is trading at a discount, according to a weekend article by Barrons.<\/span>
\n Smartphone chipmakers such as Skyworks Solutions (SWKS -3.28%), Qorvo (QRVO -2.37%), Qualcomm (QCOM -3.49% and Synaptics (SYNA -3.72%) will struggle this year due to weak phone sales, according to a weekend article by Barrons. However, the article spoke favorably about phone screen maker Universal Display (OLED -2.99%) due to its favorable valuation after this year’s 43% drop.<\/span>
\n China Internet (CIFS -8.61%) rallied 2% on some short-covering in after-hours trading, trimming Friday’s regular-session 8.6% drop on a Muddy Waters tweet that the noted short-seller remains short.<\/span>
\n Cesca Therapeutics (KOOL -0.60%) fell 7% in after-hours trading after news the company filed to offer up to $20 million worth of shares.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 12:30 PM TD Ameritrade IMX<\/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 up. Japan, Hong Kong, South Korea, India, New Zealand, Taiwan, Malaysia, Indonesia and Thailand did well; the Philippines were weak. Europe, Africa and the Middle East are currently mixed. The UAE, Greece, Hungary, Spain and Portugal are up; the UK, […]<\/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\/11637"}],"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=11637"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11637\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}