{"id":11885,"date":"2018-06-07T07:51:35","date_gmt":"2018-06-07T12:51:35","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11885"},"modified":"2018-06-07T07:51:35","modified_gmt":"2018-06-07T12:51:35","slug":"before-the-open-jun-7-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11885","title":{"rendered":"Before the Open (Jun 7)"},"content":{"rendered":"

Good morning. Happy Thursday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly up. Japan, Hong Kong, South Korea, India, New Zealand, Indonesia and the Philippines all did well; China closed down. Europe, Africa and the Middle East<\/strong> are currently mostly up. Poland, Turkey, South Africa, Kenya, Norway, Hungary, Spain and Austria led the way. Futures in the States<\/strong> point towards a mixed 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 up. Bonds are down. <\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n Darden Restaurants (DRI +1.85%) was upgraded to ‘Buy’ from ‘Hold’ at SunTrust Robinson Humphrey with a price target of $110.<\/span>
\n Wingstop (WING +0.95%) was upgraded to ‘Outperform’ from ‘Neutral’ at Wedbush with a price target of $59.<\/span>
\n Five Below (FIVE +3.07%) rallied 10% in after-hours trading after it reported Q1 EPS of 39 cents, better than consensus of 32 cents, and then forecast full-year EPS of $2.42 to $2.48, well above consensus of $1.80.<\/span>
\n Thor Industries (THO +2.70%) fell 5% in after-hours trading after it reported Q3 EPS of $2.53, below consensus of $2.58.<\/span>
\n United Natural Foods (UNFI -1.39%) gained nearly 3% in after-hour trading after it reported Q3 revenue of $2.65 billion, above consensus of $2.58 billion, and then forecast full-year revenue of $10.23 billion to $10.28 billion, stronger than consensus of $10.10 billion.<\/span>
\n Okta (OKTA -0.81%) moved up by 3% in after-hours trading after it reported Q1 revenue of $83.6 million, higher than consensus of $78.8 million, and then forecast full-year revenue of $353 to $357 million, better than consensus of $347.1 million.<\/span>
\n Comtech Telecommunications (CMTL -2.15%) rose 4% in after-hours trading after it reported Q3 net sales of $147.9 million, above consensus of $145.6 million, and forecast full-year adjusted Ebitda of $73.5 million to $76.5 million, better than consensus of $73.3 million.<\/span>
\n ABM Industries (ABM +1.01%) climbed almost 3% in after-hours trading after it reported Q2 revenue of $1.58 billion, higher than consensus of $1.54 billion.<\/span>
\n First Solar (FSLR -4.65%) was downgraded to ‘Sell’ from ‘Neutral’ at Goldman Sachs with a price target of $48.<\/span>
\n Zscaler (ZS +1.73%) rallied 13% in after-hours trading after it reported Q3 revenue of $49.2 million, stronger than consensus of $46.1 million, and then forecast full-year revenue of $184 million to $185 million, better than consensus of $179.9 million.<\/span>
\n Turtle Beach (HEAR +6.27%) ga1ned more than 1% in after-hours trading after it signed an Esports partnership with Allegiance Gaming.<\/span>
\n Cloudera (CLDR +0.47%) slid 4% in after-hours trading after it forecast full-year revenue of $435 million to $445 million, the midpoint below consensus of $440.9 million.<\/span>
\n Essendant (ESND -0.49%) tumbled nearly 8% in after-hours trading after it received a second request from the FTC regarding its merger with the S.P. Richards business held by Genuine Parts, which extends the waiting period for the merger until 30 days after Essendant and Genuine Parts have complied with the request.<\/span>
\n American Superconductor (AMSC +0.86%) dropped more than 11% in after-hours trading after it reported Q4 revenue of $13.5 million, below consensus of $14.5 million, and forecast Q1 revenue of $11 million to $13 million, weaker than consensus of $16.3 million.<\/span>
\n Proteostasis Therapeutics (PTI +1.45%) plunged more than 35% in after-hours trading after Phase I data for its PTI-801 drug for treatment of cystic fibrosis failed to show statistically significant changes in forced expiratory volume.<\/span>
\n Today’s Economic Calendar<\/strong>
\n Chain Store Sales
\n 8:30 Initial Jobless Claims
\n 9:45 Bloomberg Consumer Comfort Index
\n 10:00 Quarterly Services Report
\n 10:30 EIA Natural Gas Inventory
\n 3:00 PM Consumer Credit
\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 up. Japan, Hong Kong, South Korea, India, New Zealand, Indonesia and the Philippines all did well; China closed down. Europe, Africa and the Middle East are currently mostly up. Poland, Turkey, South Africa, Kenya, Norway, Hungary, Spain and Austria led the way. Futures in the States […]<\/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\/11885"}],"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=11885"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11885\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}