{"id":11715,"date":"2018-05-01T07:47:05","date_gmt":"2018-05-01T12:47:05","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11715"},"modified":"2018-05-01T07:47:05","modified_gmt":"2018-05-01T12:47:05","slug":"before-the-open-may-1-5","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11715","title":{"rendered":"Before the Open (May 1)"},"content":{"rendered":"

Good morning. Happy Tuesday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly up. Hong Kong, the Philippines, Indonesia and Singapore rallied more than 1%; South Korea, India, Taiwan and Australia also did well. Europe, Africa and the Middle East<\/strong> are currently doing well. The UK, Poland, France, Greece, Denmark, South Africa and Spain are leading. Turkey is down more than 3%; Saudi Arabia and the Czech Republic are also weak. Futures in the States<\/strong> point towards a slight 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 and copper are down. Gold and silver are down. Bonds are down. <\/span>
\n Stock headlines<\/strong> from barchart.com…<\/span>
\n Regeneron (REGN -2.99%) was downgraded to ‘Neutral’ from ‘Buy’ at Guggenheim Securities.<\/span>
\n Apple (AAPL +1.81%) was rated a new ‘Buy’ at D.A. Davidson with a price target of $220.<\/span>
\n Lockheed Martin (LMT -0.37%) was awarded a $1.4 billion contract from the U.S. Department of Defense for F-35 logistics services.<\/span>
\n Akamai Technologies (AKAM +0.77%) gained more than 4% in after-hours trading after it said it sees Q2 revenue of $658 million to $670 million, higher than consensus of $656.8 million, and forecast full year revenue of $2.69 billion to $2.72 billion, the midpoint above consensus of $2.70 billion.<\/span>
\n Inogen (INGN -1.77%) jumped nearly 19% in after-hours trading after it reported Q1 revenue of $79.1 million, above consensus of $62.9 million, and forecast full-year revenue of $310 million to $320 million, higher than consensus of $304.4 million.<\/span>
\n Allison Transmission Holdings (ALSN -0.38%) rose 4% in after-hours trading after it reported Q1 net sales of $663 million, well above consensus of $574.8 million.<\/span>
\n Tenet Healthcare (THC -1.36%) climbed almost 5% in after-hours trading after it said it sees full-year adjusted EPS of $1.36 to $1.70, well above consensus of 92 cents.<\/span>
\n Cognex (CGNX +0.09%) tumbled nearly 16% in after-hours trading after it forecast Q2 revenue of $200 million to $210 million, below consensus of $216.2 million.<\/span>
\n Electronics for Imaging (EFII -3.65%) rose 9% in after-hours trading after it reported Q1 revenue of $239.9 million, above consensus of $236.7 million.<\/span>
\n Nutrisystem (NTRI +1.58%) rallied almost 10% in after-hours trading after it reported Q1 revenue of $210.9 million, better than consensus of $207 million, and forecast full-year revenue of $693 million to $708 million, the midpoint above consensus of $697.5 million.<\/span>
\n Integrated Device Technology (IDTI -3.54%) climbed nearly 4% in after-hours trading after it reported Q4 adjusted EPS of 46 cents, better than consensus of 44 cents.<\/span>
\n Karyopharm Therapeutics (KPTI -13.66%) surged over 20% in after-hours trading after it said it results from a study of its Selinexor drug to treat myeloma showed “great potency” with two complete remissions and it plans to move the drug into an earlier treatment course.<\/span>
\n Transocean Ltd (RIG -0.40%) slid 2% in after-hours trading after it reported a Q1 adjusted loss per share of -48 cents, wider than consensus of -37 cents.<\/span>
\n MagnaChip Semiconductor (MX unch) rallied 7% in after-hours trading after it reported Q1 revenue of $165.8 million, better than consensus of $161 million, and forecast Q2 revenue of $182 million to $188 million, stronger than consensus of $176 million.<\/span>
\n Monday’s Key Earnings<\/strong>
\n Allergan (NYSE:AGN) -5.2% opposing a fundamental strategy shift.
\n Arconic (NYSE:ARNC) -20.6% slashing earnings forecasts.
\n Enterprise Products (NYSE:EPD) +1.6% on record distributable cash flow.
\n McDonald’s (NYSE:MCD) +5.8% with strong comparable sales.
\n Transocean (NYSE:RIG) -3% AH reporting a Q1 loss.<\/span><\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n FOMC meeting begins
\n Auto Sales
\n 8:55 Redbook Chain Store Sales
\n 9:45 PMI Manufacturing Index
\n 10:00 ISM Manufacturing Index
\n 10:00 Construction Spending<\/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 up. Hong Kong, the Philippines, Indonesia and Singapore rallied more than 1%; South Korea, India, Taiwan and Australia also did well. Europe, Africa and the Middle East are currently doing well. The UK, Poland, France, Greece, Denmark, South Africa and Spain are leading. Turkey is down […]<\/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\/11715"}],"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=11715"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11715\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}