{"id":11831,"date":"2018-05-24T07:57:57","date_gmt":"2018-05-24T12:57:57","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11831"},"modified":"2018-05-24T07:57:57","modified_gmt":"2018-05-24T12:57:57","slug":"before-the-open-may-24-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11831","title":{"rendered":"Before the Open (May 24)"},"content":{"rendered":"

Good morning. Happy Thursday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mixed. Hong Kong, India, New Zealand, Taiwan, Indonesia, Singapore and the Philippines did well; Japan, China, Malaysia and Thailand were weak. Europe, Africa and the Middle East<\/strong> currently lean to the downside. Turkey, Hungary and the Czech Republic are up; Greece, Denmark, Kenya, Belgium, Norway, Portugal and Austria are down. Futures in the States<\/strong> point towards a down open for the cash market. <\/span>
\n—————
\nVIDEO: Why You Need to Look at Multiple Time Frames<\/a><\/span>
\n—————<\/span><\/span>
\n The dollar is down. Oil is down; copper is up. Gold and silver are up. Bonds are up. <\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n Deere & Co (DE +0.96%) was upgraded to ‘Buy’ from ‘Neutral’ at UBS with a price target of $185.<\/span>
\n Tiffany (TIF +23.29%) was downgraded to ‘Sell’ from ‘Hold’ at SBG Securities with a price target of $113.<\/span>
\n Atlassian Corp Plc (@symbolPercentChange(TEAM ))was rated a new ‘Buy’ at D.A. Davidson with a price target of $74.<\/span>
\n Ciena (CIEN -0.45%) was rated a new ‘Buy’ at Loop Capital with a price target of $31.<\/span>
\n Williams-Sonoma (WSM +3.97%) jumped 15% in after-hours trading after it reported Q1 adjusted EPS of 67 cents, better than consensus of 58 cents, and then forecast full-year adjusted EPS of $4.15 to $4.25 the midpoint above consensus of $4.18.<\/span>
\n L Brands (LB +0.18%) fell 6% in after-hours trading after it forecast Q2 EPS of 30 cents to 35 cents, weaker than consensus of 41 cents.<\/span>
\n NetApp (NTAP -0.34%) slid nearly 4% in after -hours trading after it forecast Q1 net revenue of $1.37 billion to $1.47 billion, the midpoint right on consensus of $1.42 billion.<\/span>
\n NRG Energy (NRG -0.90%) rose nearly 3% in after-hours trading after prices from an annual PJM auction showed suppliers to PJM Interconnection LLC will receive $140 per megawatt-day for the year starting June 2021, up +83% from a year earlier.<\/span>
\n nLight (LASR -5.88%) climbed more than 4% in after-hours trading after it reported Q1 revenue rose +42% to $42.5 million and gross margins improved to 34.7% from 30% y\/y.<\/span>
\n AGNC Investment (AGNC +0.37%) lost 2% in after-hours trading after it announced it plans to make A public offering of 30 million shares of its common stock.<\/span>
\n Eiger Pharmaceuticals (EIGR +1.82%) fell nearly 5% in after-hours trading after it announced a proposed public offering of $40 million in shares of its common stock.<\/span>
\n Marinus Pharmaceuticals (MRNS +6.30%) gained more than 5% in after-hours trading after it was rated a new ‘Outperform’ at Baird with a price target of $15.<\/span>
\n Stein Mart (SMRT -3.90%) jumped 12% in after-hours trading after it reported Q2 gross margin of +29.4% and Q2 net sales of $326.7 million.<\/span>
\n Wednesday’s Key Earnings<\/strong>
\n Lowe’s (NYSE:LOW) +10.4% as Bill Ackman took a $1B+ stake.
\n Target (NYSE:TGT) -5.7% amid biting margin pressures.<\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 4:15 Fed’s Dudley Speech
\n 8:30 Initial Jobless Claims
\n 9:00 FHFA House Price Index
\n 9:45 Bloomberg Consumer Comfort Index
\n 10:00 Existing Home Sales
\n 10:30 EIA Natural Gas Inventory
\n 10:35 Fed’s Bostic Speech
\n 11:00 Kansas City Fed Mfg Survey
\n 1:00 PM Results of $30B, 7-Year Note Auction
\n 2:00 PM Fed’s Harker Speech
\n 4:30 PM Money Supply
\n 4:30 PM Fed Balance Sheet<\/span><\/span><\/span><\/span><\/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 mixed. Hong Kong, India, New Zealand, Taiwan, Indonesia, Singapore and the Philippines did well; Japan, China, Malaysia and Thailand were weak. Europe, Africa and the Middle East currently lean to the downside. Turkey, Hungary and the Czech Republic are up; Greece, Denmark, Kenya, Belgium, Norway, Portugal and […]<\/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\/11831"}],"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=11831"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11831\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}