{"id":11793,"date":"2018-05-16T07:39:36","date_gmt":"2018-05-16T12:39:36","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11793"},"modified":"2018-05-16T07:39:36","modified_gmt":"2018-05-16T12:39:36","slug":"before-the-open-may-16-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11793","title":{"rendered":"Before the Open (May 16)"},"content":{"rendered":"

Good morning. Happy Wednesday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly down. South Korea and Malaysia closed up; China, Hong Kong, India, New Zealand and Thailand posted losses. Europe, Africa and the Middle East<\/strong> currently lean down. South Africa and Israel are up; Greece, Spain, Italy and Saudi Arabia are down. Futures in the States<\/strong> point towards a down open for the cash market. <\/span>
\n—————
\n Podcast: <\/strong>with Chat With Traders<\/a>
\n—————<\/span>
\n The dollar is up. Oil and copper are down. Gold and silver are down. Bonds are up. <\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n TripAdvisor (TRIP -0.62%) was downgraded to ‘Sell’ from ‘Neutral’ at Guggenheim Securities with a price target of $40.<\/span>
\n Micron (MU +1.91%) was rated a new ‘Outperform’ at RBC Capital Markets with a price target of $80.<\/span>
\n Ollies’s Bargain Outlet Holdings (OLLI +2.63%) was rated a new ‘Buy’ at Goldman Sachs with a price target of $78.<\/span>
\n PetIQ (PETQ -1.48%) may open to the downside this morning after it forecast full-year revenue of $450 million to $500 million, the midpoint below consensus of $476.4 million.<\/span>
\n Monsanto (MON +0.27%) may move higher this morning after Berkshire Hathaway disclosed it had boosted its stake of Monsanto by 62% to 18.9 million shares in Q1.<\/span>
\n BioMarin (BMRN -0.94%) was rated a new ‘Buy’ at Canaccord Genuity with a price target of $101.<\/span>
\n Celyad SA (CYAD -7.50%) fell 3% in after-hours trading after it announced that it intends to sell up to 1.8 million ordinary shares in a global offering.<\/span>
\n Boot Barn Holdings (BOOT +2.14%) rallied 10% in after-hours trading after it reported Q4 adjusted EPS of 24 cents, well above consensus of 16 cents.<\/span>
\n Teva Pharmaceutical Industries Ltd (TEVA -0.39%) gained 1% in after-hours trading after Berkshire Hathaway disclosed it had doubled its stake In TEVA in Q1 from 18.8 million shares to 40.5 million shares.<\/span>
\n Arbor Realty Trust (ABR +0.54%) slid more than 3% in after-hours trading after it announced that it plans to make a public offering of 5.5 million shares of its common stock.<\/span>
\n Prospect Capital (PSEC -0.30%) lost 2% in after-hours trading after it announced that it is offering senior unsecured convertible notes due 2022 in an underwritten public offering.<\/span>
\n Gemphire Therapeutics (GEMP -2.97%) was rated a new ‘Outperform’ at Raymond James with a price target of $22.<\/span>
\n Verastem (VSTM +1.75%) tumbled 11% in after-hours trading after it announced that it had commenced a registered underwritten public offering of $35 million of it shares of common stock.<\/span>
\n Tuesday’s Key Earnings<\/strong>
\n Home Depot (NYSE:HD) -1.6% on brutal spring weather.<\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 7:00 MBA Mortgage Applications
\n 8:30 Housing Starts
\n 9:15 Industrial Production
\n 10:00 Atlanta Fed’s Business Inflation Expectations
\n 10:30 EIA Petroleum Inventories<\/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 mostly down. South Korea and Malaysia closed up; China, Hong Kong, India, New Zealand and Thailand posted losses. Europe, Africa and the Middle East currently lean down. South Africa and Israel are up; Greece, Spain, Italy and Saudi Arabia are down. Futures in the States point towards […]<\/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\/11793"}],"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=11793"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11793\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}