{"id":11897,"date":"2018-06-12T07:26:42","date_gmt":"2018-06-12T12:26:42","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11897"},"modified":"2018-06-12T07:26:42","modified_gmt":"2018-06-12T12:26:42","slug":"before-the-open-jun-12-6","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11897","title":{"rendered":"Before the Open (Jun 12)"},"content":{"rendered":"

Good morning. Happy Tuesday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mixed and little changed. China and India moved up; Malaysia and Indonesia moved down. Europe, Africa and the Middle East<\/strong> are currently split and little changed. Spain, Italy and Portugal are doing well; Turkey, Hungary and Russia are down. Futures in the States<\/strong> point towards a flat-to-down open for the cash market. <\/span>
\n—————
\n Podcast: <\/strong>with Chat With Traders<\/a>
\n—————<\/span>
\n The dollar is flat. Oil and copper are down. Gold and silver are down. Bonds are down. <\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n Franklin Financial Network (FSB +5.07%) was downgraded to ‘Sell’ from ‘Neutral’ at Compass Point Research & Trading LLC with a price target of $36.<\/span>
\n Twitter (TWTR +0.51%) is up 2% in pre-market trading after JPMorgan Chase reiterated its ‘Overweight’ rating on the stock and lifted its price target to $50 from $39.<\/span>
\n RH (RH +4.81%) surged 16% in after-hours trading after it reported an unexpected +1% increase in Q1 comparable sales, stronger than consensus for -0.9% loss, and then forecast Q2 adjusted EPS of $1.70 to $1.77, well above consensus of $1.50.<\/span>
\n KMG Chemicals (KMG +0.11%) climbed nearly 4% in after-hours trading after it reported Q3 net sales of $118.6 million, better than consensus of $113.0 million, and then forecast full net sales of $455 million to $465 million, the midpoint above consensus of $455.3 million.<\/span>
\n Dave & Buster’s Entertainment (PLAY +0.44%) jumped 15% in after-hours trading after it reported Q1 revenue of $332.2 million, better than consensus of $321.5 million.<\/span>
\n Urban Outfitters (URBN +1.29%) gained 3% in after-hours trading after it said its Q2 comparable sales-to-date rose in the mid-teens range.<\/span>
\n At Home Group (HOME -1.16%) slipped nearly 3% in after-hours trading after it announced the launch of an underwritten secondary public offering of 8.0 million shares of its common stock by some of the company’s existing stockholders.<\/span>
\n Immunomedics (IMMU -1.37%) dropped 5% in after-hours trading after it announced that it had commenced an underwritten public offering of $275 million of shares of its common stock.<\/span>
\n Jernigan Capital (JCAP +1.65%) fell 4% in after-hours trading after it announced that it had commenced an underwritten public offering of 3.5 million shares of its common stock.<\/span>
\n Hercules Capital (HTGC +0.49%) slid almost 3% in after-hours trading after it announced it plans to make a public offering of 6.0 million shares of its common stock.<\/span>
\n Enzo Biochem (ENZ +1.82%) tumbled more than 10% in after-hours trading after it reported Q3 revenue of $25.6 million, below the $26.95 million from Q2 and below the $27.1 million from Q3 of last year.<\/span>
\n Pfenex (PFNX -4.52%) rallied 5% in after-hours trading after it announced that it had entered into an agreement granting Alvogen exclusive rights to commercialize Pfenex’s PF708, a teriparatide therapeutic equivalent candidate to Eli Lilly’s Forteo drug.<\/span>
\n AcelRx Pharmaceuticals (ACRX -1.35%) jumped almost 6% in after-hours trading after it was rated a new ‘Overweight’ at Cantor Fitzgerald with a price target of $6.<\/span>
\n Today’s Economic Calendar<\/strong>
\n FOMC meeting begins
\n 6:00 NFIB Small Business Optimism Index
\n 8:30 Consumer Price Index
\n 8:55 Redbook Chain Store Sales
\n 1:00 PM Results of $14B, 30-Year Note Auction
\n 2:00 PM Treasury Budget<\/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 mixed and little changed. China and India moved up; Malaysia and Indonesia moved down. Europe, Africa and the Middle East are currently split and little changed. Spain, Italy and Portugal are doing well; Turkey, Hungary and Russia are down. Futures in the States point towards a flat-to-down […]<\/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\/11897"}],"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=11897"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11897\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}