{"id":11747,"date":"2018-05-09T07:40:42","date_gmt":"2018-05-09T12:40:42","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11747"},"modified":"2018-05-09T07:40:42","modified_gmt":"2018-05-09T12:40:42","slug":"before-the-open-may-9-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11747","title":{"rendered":"Before the Open (May 9)"},"content":{"rendered":"

Good morning. Happy Wednesday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mixed and little changed. Hong Kong, Malaysia and Indonesia did well; Japan, China and South Korea posted losses. Europe, Africa and the Middles East<\/strong> lean to the upside. South Africa, the UK, Poland, Turkey, Italy and Austria are doing well; Hungary, Saudi Arabia and the Czech Republic are down. Futures in the States<\/strong> point towards a moderate gap up open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>There’s a Bull Market Somewhere<\/a>
\n—————<\/span>
\n The dollar is down. Oil and copper are up. Gold and silver are mixed and little changed. Bonds are down. <\/span>
\n Stock headlines<\/strong> from barchart.com…<\/span>
\n Fluor (FLR +0.40%) was upgraded to ‘Buy’ from ‘Underperform’ at Bank of America\/Merrill Lynch with a price target of $58.<\/span>
\n Walt Disney (DIS -0.67%) gained more than 1% in after-hours trading after it reported Q2 adjusted EPS of $1.84, better than consensus of $1.70.<\/span>
\n Penumbra (PEN -2.30%) climbed 5% in after-hours trading after it reported Q1 revenue of $102.7 million, better than consensus of $91.8 million, and forecast full-year revenue of $410 million to $415 million, above consensus of $406.1 million.<\/span>
\n TripAdvisor (TRIP -1.65%) rallied over 4% in after-hours trading after it reported Q1 adjusted EPS of 30 cents, well above consensus of 16 cents.<\/span>
\n ServiceMaster Global Holdings (SERV -1.03%) was rated a new ‘Buy’ at Buckingham Research Group with a price target of $64.<\/span>
\n Twilio (TWLO +0.59%) rose more than 4% in after-hours trading after it reported Q1 revenue of $129.1 million higher than consensus of $115.9 million, and then forecast full-year revenue of $538 million to $544 million, well above consensus of $511.5 million.<\/span>
\n Papa John’s (PZZA -0.66%) slid 4% in after-hours trading after it reported Q1 revenue of $427.4 million, weaker than consensus of $440.7 million.<\/span>
\n Planet Fitness (PLNT -1.93%) fell 3% in after-hours trading after it reported Q1 adjusted EPS of 27 cents, right on expectations.<\/span>
\n Electro Scientific Industries (ESIO -0.06%) climbed almost 5% in after-hours trading after it reported Q4 adjusted EPS of $1.02, better than consensus of 87 cents, and forecast Q1 adjusted EPS of 75 cents to 95 cents, the midpoint above consensus of 82 cents.<\/span>
\n Zagg (ZAGG +1.77%) jumped 10% in after-hours trading after it forecast 2018 EPS of $1.30 to $1.50, the midpoint above consensus of $1.34.<\/span>
\n Extreme Networks (EXTR +3.16%) plunged more than 20% in after-hours trading after it reported Q3 adjusted EPS of 16 cents, below consensus of 21 cents, and then forecast Q4 adjusted EPS of 16 cents to 23 cents, weaker than consensus of 29 cents.<\/span>
\n Wendy’s (WEN +2.61%) fell more than 6% in after-hours trading after it reported Q1 comparable sales rose +1.6%, below consensus of +1.8%.<\/span>
\n Ring Energy (REI +2.20%) dropped nearly 7% in after-hours trading after it reported Q1 adjusted EPS of 11 cents, below consensus of 14 cents.<\/span>
\n Ranger Energy Services (RNGR -2.22%) may open to the upside this morning after it reported Q1 revenue of $62.6 million, higher than consensus of $59.8 million.<\/span>
\n SunPower (SPWR +0.59%) fell 3% in after-hours trading after it forecast Q2 adjusted gross margin of +6% to +8%, weaker than consensus of +8.53%.<\/span>
\n Tuesday’s Key Earnings<\/strong>
\n Disney (DIS) -1.2% AH seesawed after strong studio, Parks results.
\n Electronic Arts (NASDAQ:EA) +2.5% AH wrapping up a record year.
\n JD.com (NASDAQ:JD) -4.6% amid higher costs.
\n LendingClub (NYSE:LC) +3.2% AH ramping up loan volumes.
\n Occidental (NYSE:OXY) +2.8% AH bringing back its buyback.
\n TripAdvisor (NASDAQ:TRIP) +17.8% AH following an upbeat quarter.
\n Marriott (NYSE:MAR) -1.3% AH as revenues fell short.
\n Valeant (NYSE:VRX) +8.9% raising guidance.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 7:00 MBA Mortgage Applications
\n 8:30 Producer Price Index
\n 10:00 Wholesale Trade
\n 10:30 EIA Petroleum Inventories
\n 1:00 PM Results of $25B, 10-Year Note Auction
\n 1:15 PM Fed’s Bostic 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 Wednesday. The Asian\/Pacific markets closed mixed and little changed. Hong Kong, Malaysia and Indonesia did well; Japan, China and South Korea posted losses. Europe, Africa and the Middles East lean to the upside. South Africa, the UK, Poland, Turkey, Italy and Austria are doing well; Hungary, Saudi Arabia and the Czech Republic […]<\/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\/11747"}],"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=11747"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11747\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}