{"id":11731,"date":"2018-05-04T07:42:37","date_gmt":"2018-05-04T12:42:37","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11731"},"modified":"2018-05-04T07:42:37","modified_gmt":"2018-05-04T12:42:37","slug":"before-the-open-may-4-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11731","title":{"rendered":"Before the Open (May 4)"},"content":{"rendered":"

Good morning. Happy Friday. Happy Employment Numbers Day. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly down. Hong Kong, South Korea, Indonesia dropped more than 1%; India, Austria, Singapore and Thailand were also weak. Europe, Africa and the Middle East<\/strong> lean to the downside. Poland, the UAE, Greece, Austria and the Czech Republic are down more than 1%; Turkey is also weak. South Africa, Finalnd and Hungary are doing well. 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>
\nThe dollar is up. Oil is up; copper is down. Gold and silver are down. Bonds are up. <\/span>
\n Here are the employment numbers:<\/span>
\n unemployment rate: 3.9% (was 4.1% last month)
\n nonfarm payrolls: +164K
\n private payrolls:
\n average workweek: flat at 34.5 hours
\n hourly wages: up 4 cents to $26.84
\n labor participation rate:<\/span><\/span><\/span><\/span><\/span><\/span>
\n March job gain raised from 103K to 135K.
\n February job gain reduced from 326K to 324K.<\/span><\/span>
\nStock headlines<\/strong> from barchart.com…
\n Arista Networks (ANET +0.90%) dropped nearly 9% in after-hours trading after it said it expects Q2 adjusted gross margin to by 62%-64%, weaker than consensus of 64.4%.<\/span>
\n Palo Alto Networks (PANW -1.66%) was rated a new ‘Outperform’ at New Street Research with a price target of $235.<\/span>
\n Universal Display (OLED -0.98%) slid 3% in after-hours trading after it forecast full-year revenue of $280 million to $310 million, well below consensus of $358.7 million.<\/span>
\n Weight Watchers International (WTW -4.15%) rose 6% in after-hours trading after it forecast full-year EPS of $300 to $3.20, much higher than consensus of $2.57.<\/span>
\n Intel (INTC -0.06%) was rated a new ‘Outperform’ at New Street Research with a price target of $70.<\/span>
\n Fluor (FLR +0.43%) tumbled nearly 10% in after-hours trading after it slashed its 2018 EPS estimate to $2.10 to $2.50 from a Feb 20 estimate of $3.10 to $3.50.<\/span>
\n California Resources (CRC -1.64%) climbed more than 6% in after-hours trading after it reported an unexpected profit of 18 cents EPS, much better than an expected loss of -77 cents a share.<\/span>
\n Parsley Energy (PE -2.82%) rose 4% in after-hours trading after it reported Q1 adjusted EPS of 31 cents, higher than consensus of 24 cents.<\/span>
\n Teradata (TDC -1.98%) lost 2% in after-hours trading after it forecast Q1 adjusted EPS of 17 cents to 19 cents, weaker than consensus of 32 cents.<\/span>
\n Control4 Corp (CTRL -1.32%) jumped 7% in after-hours trading after it reported Q1 adjusted EPS of 21 cents, well above consensus of 14 cents.<\/span>
\n Shake Shack (SHAK +0.25%) climbed 7% in after-hours trading after it reported Q1 comparable sales unexpectedly rose +1.7%, better than consensus of a -0.4% decline.<\/span>
\n Chemours (CC +0.08%) rallied 8% in after-hours trading after it reported Q1 adjusted EPS of $1.41, well above consensus of $1.21.<\/span>
\n Super Micro Computer (SMCI +0.56%) climbed 8% in after-hours trading after it forecast Q4 sales of $800 million to $860 million, better than consensus of $797.8 million.<\/span>
\n Commercial Vehicle Group (CVGI -1.16%) rallied 16% in after-hours trading after it reported Q1 revenue jumped +24% y\/y to $215.7 million.<\/span>
\n Pandora Media (P +2.13%) jumped almost 8% in after-hours trading after it reported Q1 revenue of $319.2 million, above consensus of $304.3 million.<\/span>
\n Thursday’s Key Earnings<\/strong>
\n Activision (NASDAQ:ATVI) -1.6% AH with an incorrect earnings release.
\n CBS (NYSE:CBS) +2.2% AH on broad subscriber growth.
\n DowDuPont (NYSE:DWDP) flat on beat, big drop in ag sales.
\n EOG Resources (NYSE:EOG) -1.7% AH despite a Q1 beat.
\n GoPro (NASDAQ:GPRO) -1.4% AH after an earlier stock jump.
\n Pandora (NYSE:P) +8.5% AH with a strong quarter in advertising.
\n Regeneron (NASDAQ:REGN) -1.3% on in-line revenues.
\n Shake Shack (NYSE:SHAK) +10.6% AH amid strong comparable sales.
\n Teva Pharma (NYSE:TEVA) -4.4% following weaker profits.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:30 Non-farm payrolls
\n 12:45 PM Fed’s Williams Speech
\n 1:00 PM Baker-Hughes Rig Count
\n 8:00 PM Fed’s Kaplan speech
\n 8:00 PM Fed’s Bostic speech
\n 8:00 PM Fed’s George speech<\/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 Friday. Happy Employment Numbers Day. The Asian\/Pacific markets closed mostly down. Hong Kong, South Korea, Indonesia dropped more than 1%; India, Austria, Singapore and Thailand were also weak. Europe, Africa and the Middle East lean to the downside. Poland, the UAE, Greece, Austria and the Czech Republic are down more than 1%; […]<\/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\/11731"}],"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=11731"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11731\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}