{"id":11707,"date":"2018-04-27T07:51:23","date_gmt":"2018-04-27T12:51:23","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11707"},"modified":"2018-04-27T07:51:23","modified_gmt":"2018-04-27T12:51:23","slug":"before-the-open-apr-27-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11707","title":{"rendered":"Before the Open (Apr 27)"},"content":{"rendered":"

Good morning. Happy Friday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly up with solid gains. Hong Kong, South Korea, India, New Zealand, Taiwan, Austria, Malaysia and the Philippines all did well. Europe, Africa and the Middle East<\/strong> are currently mostly up. The UK, Turkey, Germany, Greece, Denmark, South Africa, Finland and Russia are doing the best. Futures in the States<\/strong> point towards a mixed open (S&P down, Nas up).<\/span>
\n—————
\n VIDEO: <\/strong>There’s a Bull Market Somewhere<\/a>
\n—————<\/span>
\n The dollar is up. Oil and copper are down. Gold and silver are mixed and little changed. Bonds are up. <\/span>
\n Stock headlines<\/strong> from barchart.com…<\/span>
\n Hershey (HSY -0.27%) was downgraded to ‘Sell’ from ‘Hold’ at Societe Generale with a price target of $85.<\/span>
\n Amazon.com (AMZN +3.96%) rallied 6% in after-hours trading after it reported Q1 net sales of $51 billion, better than consensus of $50 billion, and forecast Q2 net sales of $51 billion to $54 billion, the midpoint above consensus of $52.26 billion.<\/span>
\n Microsoft (MSFT +2.11%) rose 3% in pre-market trading after it was upgraded to ‘Overweight’ from ‘Neutral’ at JPMorgan Chase.<\/span>
\n Expedia Group (EXPE -1.93%) climbed almost 9% in after-hours trading after it reported Q1 revenue of $2.51 billion, stronger than consensus of $2.44 billion.<\/span>
\n Baidu (BIDU +3.15%) rose more than 5% in after-hours trading after it reported Q1 revenue of $3.33 billion, better than consensus of $3.20 billion, and forecast Q2 revenue of $3.97 billion to $4.17 billion, higher than consensus of $3.85 billion.<\/span>
\n Starbucks (SBUX +2.89%) slid more than 2% in after-hours trading after it reported Q2 adjusted EPS of 53 cents, right on expectations.<\/span>
\n Intel (INTC +3.25%) jumped nearly 8% in after-hours trading after it reported Q1 revenue of $16.1 billion, above consensus of $15.06 billion, and raised guidance on full-year revenue to $67.5 billion + or – $1 billion from a prior estimate of $65 billion + or – $1 billion, better than consensus of $65.1 billion.<\/span>
\n Western Digital (WDC +2.32%) climbed 3% in after-hours trading after it reported Q3 adjusted EPS of $3.63, well above consensus of $3.30.<\/span>
\n Maxim Integrated Products (MXIM +1.58%) lost almost 3% in after-hours trading after it forecast Q4 revenue of $610 million to $650 million, the midpoint below consensus of $643.2 million.<\/span>
\n United States Steel (X +1.75%) dropped 5% in after-hours trading after it forecast Q2 adjusted Ebitda of $400 million, weaker than consensus of $$451.7 million.<\/span>
\n Boyd Gaming (BYD -0.89%) rose 2% in after-hours trading after it reported Q1 adjusted Ebitda of $160.5 million, higher than consensus of $158.6 million.<\/span>
\n Callaway Golf (ELY +0.60%) climbed nearly 4% in after-hours trading after it reported Q1 net sales of $403.2 million, higher than consensus of $371.7 million, and forecast full-year sales of $1.17 billion to $1.19 billion, above consensus of $1.13 billion.<\/span>
\n Flex Ltd (FLEX +0.30%) sank 17% in after-hours trading after it forecast Q1 adjusted EPS of 22 cents to 26 cents, weaker than consensus of 31 cents.<\/span>
\n Covanta Holding (CVA +0.32%) climbed 3% in after-hours trading after it reported Q1 operating revenue of $458 million, higher than consensus of $431.3 million.<\/span>
\n Mattel (MAT +3.71%) rose 4% in after-hours trading after it reported Q1 net sales of $708.4 million, better than consensus of $689.8 million.<\/span>
\n Thursday’s Key Earnings<\/strong>
\n AbbVie (NYSE:ABBV) +6.1% following strong earnings.
\n Altria (NYSE:MO) -1.9% amid declining smokeable shipments.
\n Amazon (AMZN) +7.1% AH more than doubling its profit.
\n Baidu (NASDAQ:BIDU) +5.6% AH boosting ad sales.
\n Bristol-Myers (NYSE:BMY) +0.5% with Opdivo fueling growth.
\n ConocoPhillips (NYSE:COP) +2.9% topping estimates.
\n Expedia (NASDAQ:EXPE) +11% AH after strong bookings.
\n General Motors (NYSE:GM) +0.4% beating expectations.
\n Intel (NASDAQ:INTC) +5.5% AH sailing past estimates.
\n Microsoft (NASDAQ:MSFT) +2.4% AH riding cloud strength.
\n PepsiCo (NYSE:PEP) +2.1% reaffirming guidance.
\n Raytheon (NYSE:RTN) -1% as investors cooled on defense.
\n Starbucks (NASDAQ:SBUX) -2% AH struggling with sales growth.
\n Union Pacific (NYSE:UNP) -2.9% despite beating estimates.
\n UPS (NYSE:UPS) +4.3% on double-digit revenue gains.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:30 GDP Q1
\n 8:30 Employment Cost Index
\n 10:00 Consumer Sentiment
\n 1:00 PM Baker-Hughes Rig Count
\n 3:00 PM Farm Prices<\/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 mostly up with solid gains. Hong Kong, South Korea, India, New Zealand, Taiwan, Austria, Malaysia and the Philippines all did well. Europe, Africa and the Middle East are currently mostly up. The UK, Turkey, Germany, Greece, Denmark, South Africa, Finland and Russia are doing the best. Futures […]<\/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\/11707"}],"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=11707"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11707\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}