{"id":11695,"date":"2018-04-24T07:28:37","date_gmt":"2018-04-24T12:28:37","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11695"},"modified":"2018-04-24T07:28:37","modified_gmt":"2018-04-24T12:28:37","slug":"before-the-open-apr-24-6","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11695","title":{"rendered":"Before the Open (Apr 24)"},"content":{"rendered":"

Good morning. Happy Tuesday. <\/span>
\n The Asian\/Pacific<\/strong> markets are mixed. Japan, China and Hong Kong are up; South Korea, Taiwan, Malaysia, Indonesia and the Philippines are down. Europe, Africa and the Middle East<\/strong> are currently mixed and quiet. Russia and Portugal are up; Turkey and the UAE are down. 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 down. Oil and copper are up. Gold and silver are up. Bonds are mixed. <\/span>
\n Stock headlines<\/strong> from barchart.com…
\n Alphabet (GOOGL -0.33%) rose +0.5% in after-hours trading after it reported Q1 sales of $24.9 billion, better than consensus of $24.3 billion.<\/span><\/span>
\n Cardinal Health (CAH +0.24%) was upgraded to ‘Outperform’ from ‘Market Perform’ at Leerink Partners LLC.<\/span>
\n Whirlpool (WHR +0.64%) slid 2% in after-hours trading after it reported Q1 net sales of $4.91 billion, below consensus of $4.95 billion.<\/span>
\n Incyte (INCY -0.42%) dropped 5% in after-hours trading after an FDA advisory committee voted 5-10 against approving a 4mg dose of Incyte’s Olumiant for rheumatoid arthritis from a 2 mg dose and asked for more clinical data on blood-clotting safety risks.<\/span>
\n O’Reilly Automotive (ORLY +0.50%) was rated a new ‘Outperform’ at Wells Fargo Securities with a price target of $260.<\/span>
\n CAI International (CAI -1.61%) was rated a new ‘Buy’ at Compass Point Research & Trading LLC with a price target of $36.<\/span>
\n TD Ameritrade Holding (AMTD -0.05%) lost almost 2% in after-hours trading after it reported Q1 adjusted EPS of 73 cents, weaker than consensus of 74 cents.<\/span>
\n Tivity Health (TVTY -1.50%) sold-off over 18% in after-hours trading after it reported Q1 revenue of $149.9 million, weaker than consensus of $154.4 million.<\/span>
\n Carvana (CVNA +2.01%) dropped 6% in after-hours trading after it filed to sell 6 million shares of its common stock via Wells Fargo, Citigroup and Deutsche Bank Securities.<\/span>
\n Sanmina (SANM +0.36%) rallied 15% in after-hours trading after it reported Q2 sales of $1.68 billion, better than consensus of $1.64 billion, and then forecast Q3 adjusted EPS of 53 cents to 61 cents, the midpoint above consensus of 55 cents.<\/span>
\n Cadence Design Systems (CDNS -0.76%) jumped over 11% in after-hours trading after it reported Q1 adjusted EPS of 44 cents, higher than consensus of 37 cents, and then forecast full-year adjusted EPS of $1,57 to $1.65, stronger than consensus of $1.56.<\/span>
\n Trimble (TRMB -1.20%) rose nearly 5% in after-hours trading after it acquired Viewpoint from Bain Capital in a deal valued at $1.2 billion.<\/span>
\n Epizyme (EPZM -3.47%) plunged over 20% in after-hours trading when the FDA issued a partial clinical hold on the trial of Epizyme’s Tazemetostat after a safety report of a pediatric patient who developed a secondary lymphoma while taking the drug.<\/span>
\n Bed Bath & Beyond (BBBY +1.28%) was rated a new ‘Underperform’ at Wells Fargo Securities with a price target of $16.<\/span>
\n Monday’s Key Earnings<\/strong>
\n Alphabet (NASDAQ:GOOG) -0.2% AH following a surge in costs.
\n Barrick Gold (NYSE:ABX) -0.5% AH narrowly beating estimates.
\n Halliburton (NYSE:HAL) +0.2% amid higher N.America demand.
\n Kimberly-Clark (NYSE:KMB) -1.5% despite raising guidance.<\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:55 Redbook Chain Store Sales
\n 9:00 S&P Corelogic Case-Shiller Home Price Index
\n 9:00 FHFA House Price Index
\n 10:00 Consumer Confidence
\n 10:00 New Home Sales
\n 10:00 Richmond Fed Mfg.
\n 10:00 State Street Investor Confidence Index
\n 1:00 PM Results of $32B, 2-Year Note Auction<\/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 Tuesday. The Asian\/Pacific markets are mixed. Japan, China and Hong Kong are up; South Korea, Taiwan, Malaysia, Indonesia and the Philippines are down. Europe, Africa and the Middle East are currently mixed and quiet. Russia and Portugal are up; Turkey and the UAE are down. Futures in the States point towards a […]<\/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\/11695"}],"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=11695"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11695\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}