{"id":11649,"date":"2018-04-11T07:48:16","date_gmt":"2018-04-11T12:48:16","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11649"},"modified":"2018-04-11T07:48:16","modified_gmt":"2018-04-11T12:48:16","slug":"before-the-open-apr-11-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11649","title":{"rendered":"Before the Open (Apr 11)"},"content":{"rendered":"

Good morning. Happy Wednesday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed with a lean to the upside. China, Taiwan, Malaysia, Indonesia and Singapore did well; Japan and Australia posted losses. Europe, Africa and the Middle East<\/strong> are currently mostly down. Turkey is down more than 2%; Greece, Denmark, South Africa, Sweden and Saudi Arabia 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 Webinar: A trading friend of mine is giving a webinar at 12:15 est Thursday, April 12, where he’ll discuss a proprietary indicator that both of us have been using. If you want to simplify your trading system, I highly recommend checking it out. Click here<\/a> to register.<\/strong>
\n—————<\/span>
\n The dollar is down. Oil and copper are up. Gold and silver are up. Bonds are up. <\/span>
\n Stock headlines<\/strong> from barchart.com…<\/span>
\n Fortinet (FTNT +3.23%) was downgraded to ‘Equal-Weight’ from ‘Overweight’ at Morgan Stanley.<\/span>
\n Citigroup (C +1.54%) was upgraded to ‘Buy’ from ‘Hold’ at HSBC with a price target of $85.<\/span>
\n eBay (EBAY +1.83%) was upgraded to ‘Overweight’ from ‘Sector-Weight’ at KeyBanc Capital Markets with a price target of $50.<\/span>
\n Synaptics (SYNA +4.59%) was upgraded to ‘Buy’ from ‘Neutral’ at Mizuho Securities USA with a price target of $55.<\/span>
\n Imperva (IMPV +0.46%) was rated a new ‘Buy’ at D.A. Davidson with a price target of $56.<\/span>
\n Compass Minerals International (CMP +0.32%) gained nearly 0.5% in after-hours trading after it reported it sold 4.3 million tons of highway deicing products in Q1, a +22% y\/y increase.<\/span>
\n Analogic (ALOG +1.16%) dropped over 11% in after-hours trading after it announced that it had agreed to be acquired by Altaris Capital Partners LLC for $84 a share in cash, well below Tuesday’s closing price of $96.05 a share.<\/span>
\n Spectrum Pharmaceuticals (SPPI +41.90%) rose 3% in after-hours trading, on top of Tuesday’s 41% surge, after it reported encouraging results in a Phase 2 study of its EGFR Exon 20 Mutant non-small cell lung cancer.<\/span>
\n Invitae (NVTA -1.54%) rose over 3% in after-hours trading after holder Baker Bros Advisors LP filed a 13G with the SEC, which signals ownership of more than 5% of the company’s outstanding stock.<\/span>
\n Purple Innovation (PRPL +3.53%) was rated a new ‘Outperform’ at Wedbush with a price target of $11.<\/span>
\n Babcock & Wilcox Enterprises (BW +0.80%) plunged over 30% in after-hours trading after it cut guidance on its 2018 adjusted Ebitda to $20 million to $40 million from a projection of $75 million to $95 million in March.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 7:00 MBA Mortgage Applications
\n 8:30 Consumer Price Index
\n 10:00 Atlanta Fed’s Business Inflation Expectations
\n 10:30 EIA Petroleum Inventories
\n 1:00 PM Results of $20B, 10-Year Note Auction
\n 2:00 PM FOMC minutes
\n 2:00 PM Treasury Budget<\/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 Wednesday. The Asian\/Pacific markets closed with a lean to the upside. China, Taiwan, Malaysia, Indonesia and Singapore did well; Japan and Australia posted losses. Europe, Africa and the Middle East are currently mostly down. Turkey is down more than 2%; Greece, Denmark, South Africa, Sweden and Saudi Arabia are down more than […]<\/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\/11649"}],"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=11649"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11649\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}