{"id":11673,"date":"2018-04-17T07:41:42","date_gmt":"2018-04-17T12:41:42","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11673"},"modified":"2018-04-17T07:41:42","modified_gmt":"2018-04-17T12:41:42","slug":"before-the-open-apr-17-6","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11673","title":{"rendered":"Before the Open (Apr 17)"},"content":{"rendered":"

Good morning. Happy Tuesday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly down. China, Hong Kong, New Zealand, Taiwan, Thailand and the Philippines were weak. Europe, Africa and the Middle East<\/strong> are trading quietly; there are very few big movers. Turkey, Greece and Saudi Arabia are leading to the upside. Futures in the States<\/strong> point towards a moderate gap up open for the cash market. <\/span>
\n—————
\n Podcast: <\/strong>with Chat With Traders<\/a>
\n—————<\/span>
\n The dollar is up. Oil is flat; copper is up. Gold and silver are up. Bonds are mixed. <\/span>
\n Stock headlines<\/strong> from barchart.com…<\/span>
\n Netflix (NFLX -1.24%) jumped nearly 7% in pre-market trading after it reported Q1 total net streaming adds of 7.41 million, better than expectations of 6.43 million, and said it sees Q2 total net subscriber additions of 6.2 million, well above consensus of 4.83 million.<\/span>
\n GrubHub (GRUB +0.60%) was rated a new ‘Overweight’ at Stephens with a price target of $120.<\/span>
\n Merk & Co (MRK +2.59%) was upgraded to ‘Overweight’ from ‘Equal-Weight’ at Morgan Stanley with a price target of $68.<\/span>
\n Celanese (CE +2.17%) climbed over 6% in after-hours trading after it reported Q1 adjusted EPS of $2.79, well above consensus of $2.33.<\/span>
\n Dollar General (DG +0.82%) is up over 1% in pre-market trading after it was upgraded to ‘Overweight’ from ‘Neutral’ at JPMorgan Chase.<\/span>
\n Progressive Corp (PGR +1.43%) rose 3% in after-hours trading on expectations of stellar quarterly earnings results when they are reported Tuesday.<\/span>
\n CRISPR Therapeutics AG (CRSP -1.14%) gained almost 3% in after-hours trading after it said data from an allogeneic chimeric antigen receptor T cell program showed progress.<\/span>
\n Penske Automotive Group (PAG +2.20%) was rated a new ‘Buy’ at Guggenheim Securities.<\/span>
\n Roku (ROKU +1.01%) climbed 5% in after-hours trading after Point72 Asset Management reported a 5.1% passive stake in the company.<\/span>
\n Acacia Communications (ACIA -35.97%) was downgraded to ‘Neutral’ from ‘Overweight’ at Piper Jaffray.<\/span>
\n Bellicum Pharmaceuticals (BLCM -0.11%) dropped 10% in after-hours trading after it said it had commenced an underwritten public offering of 7 million shares of its common stock.<\/span>
\n Viveve Medical (VIVE +11.63%) was rated a new ‘Buy’ at Stifel with a price target of $6.<\/span>
\n Seachange International (SEAC +2.68%) tumbled nearly 8% in after-hours trading after it forecast Q1 revenue of $13 million to $15 million, below consensus of $18.6 million.<\/span>
\n Monday’s Key Earnings<\/strong>
\n Bank of America (NYSE:BAC) +0.4% after topping expectations.
\n Netflix (NASDAQ:NFLX) +5.2% AH smashing subscriber estimates.<\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:30 Housing Starts
\n 8:55 Redbook Chain Store Sales
\n 9:15 Industrial Production
\n 10:00 Randal Quarles: \u201cSemi-Annual Testimony on the Federal Reserve\u2019s Supervision and Regulation of the Financial System\u201d
\n 11:00 Fed’s Harker Speech
\n 1:40 PM Fed’s Evans: Monetary Policy<\/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 Tuesday. The Asian\/Pacific markets closed mostly down. China, Hong Kong, New Zealand, Taiwan, Thailand and the Philippines were weak. Europe, Africa and the Middle East are trading quietly; there are very few big movers. Turkey, Greece and Saudi Arabia are leading to the upside. Futures in the States point towards a moderate […]<\/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\/11673"}],"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=11673"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11673\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}