{"id":11699,"date":"2018-04-25T07:22:11","date_gmt":"2018-04-25T12:22:11","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11699"},"modified":"2018-04-25T07:22:11","modified_gmt":"2018-04-25T12:22:11","slug":"before-the-open-apr-25-8","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11699","title":{"rendered":"Before the Open (Apr 25)"},"content":{"rendered":"

Good morning. Happy Wednesday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly down. Indonesia dropped 3%; China, Hong Kong, South Korea, India, Malaysia, Singapore, Thailand and the Philippines were also weak. Australia did well. Europe, Africa and the Middle East<\/strong> are currently very weak. Austria is down more than 2%; Turkey, Germany, Greece, Denmark, South Africa, Russia, Norway, Italy, Belgium, Portugal, Israel and Sweden are down more than 1%. Futures in the States<\/strong> point towards a moderate gap down open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>There’s a Bull Market Somewhere<\/a>
\n—————<\/span>
\n The dollar is up. Oil is flat; copper is up. Gold and silver are down. Bonds are down. <\/span>
\n Stock headlines<\/strong> from barchart.com…<\/span>
\n Edwards Lifesciences (EW -1.84%) dropped more than 7% in after-hours trading after it forecast Q2 adjusted EPS of $1.05-$1.15, weaker than consensus of $1.17.<\/span>
\n Alphabet (GOOGL -4.77%) was upgraded to ‘Buy’ from ‘Hold’ at Stifel with a price target of $1,234.<\/span>
\n Illumina (ILMN -2.99%) gained almost 2% in after-hours trading after it reported Q1 adjusted EPS of $1.45, well above consensus of $1.02, and forecast full-year adjusted EPS of $4.75 to $4.85, better than consensus of $4.59.<\/span>
\n Texas Instruments (TXN +0.34%) rose over 5% in after-hours trading after it reported Q1 revenue of $3.79 billion, above consensus of $3,65 billion and forecast Q2 revenue of $3.78 billion to $4.10 billion, the midpoint stronger than consensus of $3.90 billion.<\/span>
\n Shire PLC (SHPG +2.41%) rose 4% in after-hours trading after Reuters reported that Shire and Takeda Pharmaceutical plan to announce a preliminary deal on Wednesday.<\/span>
\n Total System Services (TSS -1.34%) gained more than 2% in after-hours trading after it reported Q1 revenue of $987.2 million, higher than consensus of $955.3 million, and forecast full-year revenue of $3.0 to $4.0 billion, better than consensus of $3.9 billion.<\/span>
\n MKS Instruments (MKSI -2.88%) rallied 3% in after-hours trading after it reported Q1 adjusted EPS of $2.07, above consensus of $2.00 and forecast Q2 adjusted EPS of $2.09 to $2.36, stronger than consensus of $2.06.<\/span>
\n Six Flags Entertainment (SIX -2.73%) rose nearly 5% in after-hours trading after it reported a Q1 loss per share of -74 cents, narrower than consensus of -80 cents.<\/span>
\n USANA Health Sciences (USNA +0.31%) climbed over 4% in after-hours trading after it forecast full-year EPS of $4.25 to $4.55, the midpoint above consensus of $4.39.<\/span>
\n iRobot (IRBT -1.45%) gained 3% in after-hours trading after it reported Q1 revenue of $217.1 million, higher than consensus if $214.3 million.<\/span>
\n Dolby Laboratories (DLB -2.17%) sank nearly 9% in after-hours trading after it forecast Q3 adjusted EPS of 78 cents to 84 cents, weaker than consensus of $1.00.<\/span>
\n Cree Inc (CREE -2.53%) jumped almost 9% in after-hours trading after it reported Q3 revenue of $356 million, higher than consensus of $347.3 million, and forecast Q4 revenue of $390 million to $410 million, well above consensus of $374.1 million.<\/span>
\n Supervalu (SVU -0.20%) slid over 2% in after-hours trading after it reported Q4 net sales of $3.59 billion, weaker than consensus of $3.93 billion.<\/span>
\n Menlo Therapeutics (MNLO -6.75%) tumbled 10% in after-hours trading after it said its partners Japan Tobacco and Torii Pharmaceuticals halted a recently initiated Phase 2 clinical trial of its serlopitant for treatment of pruitus associated with atopic dermatitis.<\/span>
\n Tuesday’s Key Earnings<\/strong>
\n 3M (NYSE:MMM) -6.8% lowering its guidance range.
\n Amgen (NASDAQ:AMGN) -0.6% AH following weak forecasts.
\n Biogen (NASDAQ:BIIB) +1.1% beating earnings estimates.
\n Caterpillar (NYSE:CAT) -6.2% hinting to a growth slowdown.
\n Coca-Cola (NYSE:KO) -2.1% amid lower pricing.
\n Corning (NYSE:GLW) -2.8% swinging to a loss.
\n Eli Lilly (NYSE:LLY) -0.1% after a regulatory setback.
\n Freeport-McMoRan (NYSE:FCX) -14.5% flagging problems abroad.
\n Lockheed Martin (NYSE:LMT) -6.1% on a weak cash flow outlook.
\n Texas Instruments (NYSE:TXN) +5.6% AH topping expectations.
\n United Technologies (NYSE:UTX) -1.1% despite raising guidance.
\n Verizon (NYSE:VZ) +2.1% as unlimited plans held customers.
\n Wynn Resorts (NASDAQ:WYNN) -1.7% AH on a legal settlement charge.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 7:00 MBA Mortgage Applications
\n 10:30 EIA Petroleum Inventories
\n 11:30 Results of $17B, 2-Year FRN Auction
\n 1:00 PM Results of $35B, 5-Year Note Auction<\/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 mostly down. Indonesia dropped 3%; China, Hong Kong, South Korea, India, Malaysia, Singapore, Thailand and the Philippines were also weak. Australia did well. Europe, Africa and the Middle East are currently very weak. Austria is down more than 2%; Turkey, Germany, Greece, Denmark, South Africa, Russia, Norway, […]<\/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\/11699"}],"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=11699"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11699\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}