{"id":11723,"date":"2018-05-03T07:43:33","date_gmt":"2018-05-03T12:43:33","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11723"},"modified":"2018-05-03T07:43:33","modified_gmt":"2018-05-03T12:43:33","slug":"before-the-open-may-3-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11723","title":{"rendered":"Before the Open (May 3)"},"content":{"rendered":"

Good morning. Happy Thursday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly down. China, New Zealand and Australia did well, but Hong Kong, South Korea, Taiwan, Indonesia, Singapore and the Philippines did very poorly. Europe, Africa and the Middle East<\/strong> currently lean to the downside, but there are very few big movers. The UAE, Greece, South Africa and Kenya are the outlier downside movers. Futures in the States<\/strong> point towards a moderate gap down open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>State of the Market<\/a>
\n—————<\/span>
\n The dollar is down. Oil is down; copper is up. Gold and silver are up. Bonds are up. <\/span>
\n Stock headlines<\/strong> from barchart.com…<\/span>
\n Nvidia (NVDA -0.37%) was upgraded to ‘Overweight’ from ‘Equal-Weight’ at Barclays with a price target of $280.<\/span>
\n Marathon Petroleum (MPC +4.03%) was upgraded to ‘Buy’ from ‘Hold’ at Jeffries.<\/span>
\n Spotify Technology SA (SPOT +3.11%) dropped almost 8% in after-hours trading after it forecast dull-year revenue of 4.9 billion euros, weaker than consensus of 5.3 billion euros.<\/span>
\n Tableau Software (DATA +0.47%) rallied 5% in after-hours trading after it reported Q1 revenue of $246.2 million, well above consensus of $217.9 million.<\/span>
\n Kraft Heinz (KHC -2.69%) rose nearly 5% in after-hours trading after it reported Q1 adjusted EPS of 89 cents, above consensus of 82 cents.<\/span>
\n Square (SQ +0.95%) tumbled over 6% in after-hours trading after it forecast Q2 adjusted Ebitda of $60 million to $64 million, the midpoint below consensus of $63.5 million.<\/span>
\n Cerner (CERN -1.48%) dropped almost 9% in after-hours trading after it forecast Q2 adjusted EPS of 59 cents to 61 cents, weaker than consensus of 65 cents.<\/span>
\n American International Group (AIG -2.61%) slid more than 4% in after-hours trading after it reported Q1 adjusted EPS of $1.04, well below consensus of $1.25.<\/span>
\n MetLife (MET -4.76%) gained more than 2% in after-hours trading after it reported Q1 adjusted EPS of $1.36, better than consensus of $1.17.<\/span>
\n Cirrus Logic (CRUS +1.19%) dropped more than 6% in after-hours trading after it reported Q4 revenue of $303.2 million, weaker than consensus of $316.6 million, and forecast Q1 revenue of $210 million to $250 million, well below consensus of $294.1 million.<\/span>
\n Hologic (HOLX +0.03%) fell nearly 5% in after-hours trading after it forecast full-year adjusted EPS of $2.22 to $2.27, the midpoint below consensus of $2.26.<\/span>
\n FireEye (FEYE +0.92%) dropped almost 5% in after-hours trading after it forecast Q2 billings of $180 million to $195 million, the midpoint below consensus of $189 million.<\/span>
\n Beazer Homes USA (BZH +1.25%) climbed more than 5% in after-hours trading after it reported Q2 revenue of $455.2 million, higher than consensus of $439.0 million.<\/span>
\n Avis Budget Group (CAR +2.17%) lost 1% in after-hours trading after it forecast full-year adjusted EPS of $.290 to $3.75, the midpoint below consensus of $3.37.<\/span>
\n Caesars Entertainment (CZR -1.71%) climbed 6% in after-hours trading after it reported Q1 net revenue of $1.97 billion and its board approved a buyback of up to $500 million in shares of its common stock.<\/span>
\n Wednesday’s Key Earnings<\/strong>
\n Tesla (TSLA) -4% AH on Q1 earnings, conference call.
\n 3D Systems (NYSE:DDD) -2.4% AH on mixed Q1.
\n American International Group (NYSE:AIG) -5.1% AH on Q1 miss.
\n Kraft Heinz (NASDAQ:KHC) +3% AH on Q1 earnings beat.
\n Square (NYSE:SQ) -5% AH despite beat and boosted guidance.
\n Zynga (ZNGA) +1.4% AH as company swings to profit.
\n MetLife (NYSE:MET) +2% AH on mixed Q1 earnings.
\n Exelixis (NASDAQ:EXEL) +6% AH on solid Q1 earnings.
\n Tableau Software (NYSE:DATA) +6.2% AH on Q1 revenue beat.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 7:30 Challenger Job-Cut Report
\n 8:30 Initial Jobless Claims
\n 8:30 Productivity and Costs
\n 8:30 International Trade
\n 9:45 Bloomberg Consumer Comfort Index
\n 9:45 PMI Services Index
\n 10:00 ISM Non-Manufacturing Index
\n 10:00 Factory Orders
\n 10:30 EIA Natural Gas Inventory
\n 4:30 PM Money Supply
\n 4:30 PM Fed Balance Sheet<\/span><\/span><\/span><\/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 Thursday. The Asian\/Pacific markets closed mostly down. China, New Zealand and Australia did well, but Hong Kong, South Korea, Taiwan, Indonesia, Singapore and the Philippines did very poorly. Europe, Africa and the Middle East currently lean to the downside, but there are very few big movers. The UAE, Greece, South Africa and […]<\/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\/11723"}],"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=11723"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11723\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}