{"id":11797,"date":"2018-05-17T07:52:44","date_gmt":"2018-05-17T12:52:44","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11797"},"modified":"2018-05-17T07:52:44","modified_gmt":"2018-05-17T12:52:44","slug":"before-the-open-may-17-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11797","title":{"rendered":"Before the Open (May 17)"},"content":{"rendered":"

Good morning. Happy Thursday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly down. Japan and New Zealand posted gains; China, Hong Kong, South Korea, India, Taiwan and the Philippines posted losses. Europe, Africa and the Middle East<\/strong> currently lean to the upside. France, Greece, Spain, Belgium, Portugal, Israel and Saudi Arabia are up; Poland, the UAE and South Africa are down. Futures in the States<\/strong> point towards a <\/span>
\n—————
\n VIDEO: <\/strong>Why You need to Cut Losses Quickly<\/a>
\n—————<\/span>
\n The dollar is flat. Oil is up; copper is up. Gold is up; silver is down. Bonds are down.<\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n Cisco Systems (CSCO -0.70%) fell 3% in after-hours trading after it forecast Q4 adjusted EPS of 68 cents to 70 cents, the midpoint right on expectations of 69 cents.<\/span>
\n Valero Energy (VLO -0.79%) was upgraded to ‘Overweight’ from ‘Equal-Weight’ at Morgan Stanley with a price target of $140.<\/span>
\n Costco Wholesale (COST +1.65%) was rated a new ‘Buy’ at Loop[ Capital Markets with a price target of $224.<\/span>
\n Align Technology (ALGN +1.48%) was rated a new ‘Outperform’ at Evercore ISI with a price target of $340.<\/span>
\n Take-Two Interactive Software (TTWO -0.35%) fell nearly 5% in after-hours trading after it forecast fiscal 2019 adjusted revenue of $2.67 billion to $2.77 billion, well below consensus of $2.87 billion.<\/span>
\n Jack in the Box (JACK +1.10%) slid 4% in after-hours trading after it reported Q2 adjusted operating EPS of 80 cents, below consensus of 86 cents.<\/span>
\n Molson Coors Brewing (TAP +0.10%) was downgraded to ‘Hold’ from ‘Buy’ at Stifel.<\/span>
\n First Busey (BUSE +0.79%) was upgraded to ‘Outperform’ from ‘Market Perform’ at Keefe, Bruyette & Woods<\/span>
\n Comcast (CMCSA +1.69%) was rated ‘Overweight’ at KeyBanc Capital Markets with a price target of $38.<\/span>
\n EnerSys (ENS -0.08%) climbed 2% in after-hours trading after it reported preliminary Q4 net sales of $683 million, better than consensus of $669.3 million.<\/span>
\n Coca-Cola (KO -0.41%) was upgraded to ‘Overweight’ from ‘Equal-Weight’at Barclays with a price target of $48.<\/span>
\n Altice USA (ATUS +3.74%) was rated ‘Overweight’ at KeyBanc Capital Markets with a price target of $25.<\/span>
\n Acxiom (ACXM +0.66%) tumbled 10% in after-hours trading after it forecast full-year adjusted EPS of 90 cents to 95 cents, weaker than consensus of $1.02.<\/span>
\n Extreme Networks (EXTR +2.10%) rose more than 2% in after-hours trading on signs of insider buying.<\/span>
\n Wednesday’s Key Earnings<\/strong>
\n Cisco (NASDAQ:CSCO) -3.6% AH amid worries over its transition.
\n Macy’s (NYSE:M) +10.8% lifting profit guidance.<\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:30 Initial Jobless Claims
\n 8:30 Philly Fed Business Outlook
\n 9:45 Bloomberg Consumer Comfort Index
\n 10:00 E-Commerce Retail Sales
\n 10:00 Leading Indicators
\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>
\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. Japan and New Zealand posted gains; China, Hong Kong, South Korea, India, Taiwan and the Philippines posted losses. Europe, Africa and the Middle East currently lean to the upside. France, Greece, Spain, Belgium, Portugal, Israel and Saudi Arabia are up; Poland, the UAE and South […]<\/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\/11797"}],"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=11797"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11797\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}