{"id":11665,"date":"2018-04-13T07:53:14","date_gmt":"2018-04-13T12:53:14","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11665"},"modified":"2018-04-13T07:53:14","modified_gmt":"2018-04-13T12:53:14","slug":"before-the-open-apr-13-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11665","title":{"rendered":"Before the Open (Apr 13)"},"content":{"rendered":"

Good morning. Happy Friday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mixed. Japan, South Korea and Singapore did well; China, Indonesia and the Philippines were weak. Europe, Africa and the Middle East<\/strong> currently lean to the upside. France, Germany, Greece, Finland, Norway, Hungary, Spain, Israel and Sweden are doing well; the UAE is weak. Futures in the States<\/strong> point towards a moderate gap up open for the cash market. <\/span>
\nThe dollar is up. Bitcoin is up. Oil is flat; copper is up. Gold and silver are mixed and virtually flat. Bonds are down. <\/span>
\n At the beginning of the week I posted this weekly SPX chart with a note to not get overly bearish. As long as the 50-week MA held, the overall trend was to be considered up. Now, with this week’s gains, the market is in better shape than it was four days ago, and a move into the 2700’s is very doable. <\/span>
\n\"\"
\n Stock headlines<\/strong> from barchart.com…<\/span>
\n Netflix (NFLX +1.84%) gained almost 2% in pre-market trading after it was upgraded to ‘Buy’ at Deutsche Bank with a price target of $350.<\/span>
\n Broadcom (AVGO -0.37%) climbed over 4% in after-hours trading after it announced a $12 billion stock buyback program.<\/span>
\n Albemarle (ALB +0.09%) was upgraded to ‘Buy’ from ‘Hold’ at Citigroup with a price target of $106.<\/span>
\n Starbucks (SBUX +0.02%) was downgraded to ‘Market Perform’ from ‘Outperform’ at Cowen.<\/span>
\n Zillow Group (Z +0.73%) rose 3% in after-hours trading after it reported preliminary Q1 revenue of $299 million to $301 million, above consensus of $295.1 million.<\/span>
\n Southern Copper (SCCO +0.39%) was downgraded to ‘Underweight’ from ‘Neutral’ at JPMorgan Chase with a price target of $45.<\/span>
\n Endocyte (ECYT +4.37%) was rated a new ‘Buy’ at Jeffries with a price target of $17.<\/span>
\n Select Energy Services (WTTR +1.05%) was rated a new ‘Overweight’ at Stephens with a price target of $16.<\/span>
\n Hostess Brands (TWNK -0.76%) announced that Andy Callahan will replace C. Dean Metropoulos ae CEO and president effective May 7.<\/span>
\n Dropbox (DBX +2.94%) fell 3% in after-hours trading after Nomura Instinet initiated coverage of the stock with a recommendation of ‘Reduce’ with a price target of $21.<\/span>
\n Hi-Crush Partners (HCLP +0.87%) was rated a new ‘Overweight’ at Stephens with a price target of $16.<\/span>
\n Seven Stars Cloud (SSC +1.71%) slid almost 4% in after-hours trading after CFO Simon Wang resigned effective April 6.<\/span>
\n Thursday’s Key Earnings<\/strong>
\n BlackRock (NYSE:BLK) +1.5% after topping estimates.
\n Delta (NYSE:DAL) +2.9% increasing passenger traffic.
\n Rite Aid (NYSE:RAD) -0.6% following in-line earnings.<\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 7:30 Fed’s Rosengren speech
\n 9:00 Fed’s Bullard speech
\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. The Asian\/Pacific markets closed mixed. Japan, South Korea and Singapore did well; China, Indonesia and the Philippines were weak. Europe, Africa and the Middle East currently lean to the upside. France, Germany, Greece, Finland, Norway, Hungary, Spain, Israel and Sweden are doing well; the UAE is weak. Futures in the States […]<\/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\/11665"}],"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=11665"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11665\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}