{"id":11787,"date":"2018-05-15T07:46:15","date_gmt":"2018-05-15T12:46:15","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11787"},"modified":"2018-05-15T07:46:15","modified_gmt":"2018-05-15T12:46:15","slug":"11787","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11787","title":{"rendered":"Before the Open (May 15)"},"content":{"rendered":"

Good morning. Happy Tuesday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly down. China and the Philippines moved up, but Hong Kong, South Korea, Taiwan, Austria, Indonesia and Singapore were weak. Europe, Africa and the Middle East<\/strong> currently lean down. The UK, the UAE, Norway and Austria are doing well; Poland, Turkey, Greece, Denmark and Hungary are weak. Futures in the States<\/strong> point towards a moderate gap 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 is up; copper is down. Gold and silver are down. Bonds are down. <\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n Home Depot (HD +0.40%) is down more than 2% in pre-market trading after it said Q1 comparable sales rose +4.2%, weaker than consensus of +5.6%, and reported Q1 revenue of $24.9 billion, below consensus of $25.2 billion.<\/span>
\n Spotify Technology SA (SPOT +2.04%) was rated a new ‘Sell’ at Loop Capital Markets with a price target of $120.<\/span>
\n Altair Engineering (ALTR -0.57%) climbed 3% in after-hours trading after it boosted its 2018 revenue forecast to $369 million-$373 million from a Mar 21 estimate of $362 million-$366 million.<\/span>
\n KLA-Tencor (KLAC +1.49%) was rated a new ‘Outperform’ at Cowen with a price target of $140.<\/span>
\n Agilent Technologies (A -0.35%) dropped over 7% in after-hours trading after it forecast Q3 revenue of $1.19 billion to $1.21 billion, the midpoint below consensus of $1.21 billion.<\/span>
\n Advanced Energy (AEIS +0.68%) was rated a new ‘Outperform’ at Cowen with a price target of 78$.<\/span>
\n Mimecast Ltd (MIME -2.06%) climbed nearly 6% in after-hours trading after it forecast full-year adjusted Ebitda of $49.0 million to $51.0 million, better than consensus of $37.6 million.<\/span>
\n MKS Instruments (MKSI +1.10%) was rated a new ‘Outperform’ at Cowen with a price target of 135$.<\/span>
\n Atlantica Yield (AY -0.25%) may open to the downside this morning after it reported late Monday Q1 revenue of $225.3 million, weaker than consensus of $228.5 million.<\/span>
\n Myers Industries (MYE -2.86%) tumbled over 8% in after-hours trading after it announced that it had commenced an underwritten public offering of 3.75 million shares of its common stock.<\/span>
\n Hollysys (HOLI +1.19%) may open to the downside this morning after it reported late Monday that it sees full-year revenue of $500 million to $530 million, the midpoint below consensus of $521.7 million.<\/span>
\n GrafTech (EAF +0.80%) was rated a new ‘Buy’ at Citigroup with a price target of 22$.<\/span>
\n Switch (SWCH +0.91%) fell over 8% in after-hours trading after it reported Q1 adjusted Ebitda of $46.9 million, weaker than consensus of $49.5 million.<\/span>
\n Vipshop Holdings Ltd (VIPS -0.13%) sank nearly 18% in after-hours trading after it forecast Q2 revenue of 20.5 billion yuan to 21.3 billion yuan, weaker than consensus of 21.37 billion yuan.<\/span>
\n Pfenex (PFNX -10.29%) rallied over 16% in after-hours trading after it announced positive top-line study results of its PF708 drug on osteoporosis patients and said it is on track to submit a new drug application in Q3.<\/span>
\n Restoration Robotics (HAIR +14.06%) tumbled nearly 12% in after-hours trading after it reported Q1 revenue of $5.0 million, below consensus of $5.9 million.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:30 Retail Sales
\n 8:30 Empire State Mfg Survey
\n 8:55 Redbook Chain Store Sales
\n 10:00 Business Inventories
\n 10:00 NAHB Housing Market Index
\n 1:10 PM Fed’s Williams Speech
\n 4:00 PM Treasury International Capital<\/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 Tuesday. The Asian\/Pacific markets closed mostly down. China and the Philippines moved up, but Hong Kong, South Korea, Taiwan, Austria, Indonesia and Singapore were weak. Europe, Africa and the Middle East currently lean down. The UK, the UAE, Norway and Austria are doing well; Poland, Turkey, Greece, Denmark and Hungary are weak. […]<\/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\/11787"}],"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=11787"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11787\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}