{"id":11901,"date":"2018-06-13T07:37:10","date_gmt":"2018-06-13T12:37:10","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11901"},"modified":"2018-06-13T07:37:10","modified_gmt":"2018-06-13T12:37:10","slug":"before-the-open-jun-13-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11901","title":{"rendered":"Before the Open (Jun 13)"},"content":{"rendered":"

Good morning. Happy Wednesday. Happy Fed Day. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly down. Japan did well, but China, Hong Kong, Australia, Indonesia, Singapore, Thailand and the Philippines were very weak. Europe, Africa and the Middle East<\/strong> currently lean to the upside. The UK, Germany, Greece, Denmark, the Netherlands, Italy and Portugal are up; Poland, the UAE, Hungary and Austria are down. Futures in the States<\/strong> point towards a positive open for the cash market.<\/span>
\n—————
\n VIDEO: <\/strong>Why You Need to Look at Multiple Time Frames<\/a>
\n—————<\/span>
\n The dollar is flat. Oil and copper are down. Gold is flat; silver is up. Bonds are up. <\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n Control4 (CTRL +1.21%) was rated a new ‘Buy’ at Roth Capital Partners with a price target of $31.<\/span>
\n Time Warner (TWX +0.05%) rose nearly 4% in after-hours trading after a U.S. District judge cleared the company’s acquisition by AT&T without conditions. 21st Century Fox (FOXA +1.02%) rose more than 4% and CBS (CBS +0.75%) rose more than 1% on the news. Disney (DIS -0.02%) fell almost 2% and Comcast (CMCSA +1.19%) dropped 4% on the news.<\/span>
\n Express Scripts Holdings (ESRX -0.50%) climbed almost 5% in after-hours trading on speculation the judge’s decision in favor of AT&T’s deal for Time Warner is positive for the Cigna\/Express Scripts merger.<\/span>
\n RH (RH +30.55%) lost 1% in after-hours trading after it said it was exploring a potential offering of $300 million in convertible notes due 2023.<\/span>
\n SAIC (SAIC -0.17%) may open to the upside this morning after reported Q1 revenue of $1.18 billion, stronger than expectations of $1.13 billion.<\/span>
\n Nine Energy Service (NINE -0.37%) was rated a ‘Strong Buy’ at Raymond James with a price target of $40.<\/span>
\n Oxford Industries (OXM +2.71%) dropped 8% in after-hours trading after it forecast Q2 adjusted EPS of $1.75 to $1.85, weaker than consensus of $1.94.<\/span>
\n Brighthouse Financial (BHF -1.50%) slid 2% in after-hours trading after it announced the commencement of an underwritten public offering of 23.115 million shares of its common stock previously issued to and currently owned by MetLife.<\/span>
\n Puma Biotechnology (PBYI +2.46%) gained more than 3% in after-hours trading after it said Europe’s Committee for Medicinal Products for Human Use will conduct as oral hearing to discuss the re-examination of Puma’s breast cancer drug Neratinib on June 26.<\/span>
\n H&R Block (HRB +0.75%) plunged 20% in pre-market trading after it forecast 2019 revenue of $3.05 billion to $3.10 billion, below consensus of $3.14 billion.<\/span>
\n Pivotal Software (PVTL +1.29%) rallied 5% in after-hours trading after it reported Q1 revenue of $155.7 million, better than consensus of $141 million, and forecast full-year revenue of $642 million to $649 million, above consensus of $623.5 million.<\/span>
\n Enphase Energy (ENPH -2.60%) soared more than 30% in after-hours trading after it agreed to acquire SunPower’s microinverter unit for $25 million in cash and 7.5 million shares in stock.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 7:00 MBA Mortgage Applications
\n 8:30 Producer Price Index
\n 10:00 Atlanta Fed’s Business Inflation Expectations
\n 10:30 EIA Petroleum Inventories
\n 2:00 PM FOMC Announcement
\n 2:00 PM FOMC Forecast
\n 2:00 PM Chairman Press Conference<\/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 Wednesday. Happy Fed Day. The Asian\/Pacific markets closed mostly down. Japan did well, but China, Hong Kong, Australia, Indonesia, Singapore, Thailand and the Philippines were very weak. Europe, Africa and the Middle East currently lean to the upside. The UK, Germany, Greece, Denmark, the Netherlands, Italy and Portugal are up; Poland, the […]<\/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\/11901"}],"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=11901"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11901\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}