{"id":11905,"date":"2018-06-14T07:37:23","date_gmt":"2018-06-14T12:37:23","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11905"},"modified":"2018-06-14T07:37:23","modified_gmt":"2018-06-14T12:37:23","slug":"before-the-open-jun-14-8","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11905","title":{"rendered":"Before the Open (Jun 14)"},"content":{"rendered":"

Good morning. Happy Thursday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly down. Japan, Hong Kong, South Korea, Taiwan, Indonesia, Singapore and the Philippines posted the biggest losses. Europe, Africa and the Middle East<\/strong> are currently split. France, Turkey and Greece are up; South Africa, Russia and the Czech Republic are down. Futures in the States<\/strong> point towards a moderate gap up open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>Why You Need to Look at Multiple Time Frames<\/a>
\n—————<\/span>
\nThe dollar is up. Oil is up; copper is down. Gold and silver are up. Bonds are up. <\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n Oracle (ORCL -0.37%) was downgraded to ‘Neutral’ from ‘Overweight’ at JPMorgan Chase.<\/span>
\n Michaels (MIK +0.87%) may open to the downside this morning after it reported Q1 comparable sales rose +0.4%, weaker than consensus of +0.8%, and then forecast Q2 adjusted EPS of 12 cents to 14 cents, below consensus of 19 cents.<\/span>
\n Terex (TEX -1.30%) was downgraded to ‘Sell’ from ‘Neutral’ at Goldman Sachs with a price target of $34.<\/span>
\n Capital One Financial (COF -0.27%) was upgraded to ‘Overweight’ from ‘Neutral’ at Piper Jaffray with a price target of $116.<\/span>
\n Wyndham Destinations (WYND -0.60%) was rated a new ‘Buy’ at Suntrust Robinson Humphrey with a price target of $69.<\/span>
\n Twenty-First Century Fox (FOX +7.48%) rose 1% in after-hours trading after Comcast offered $65 billion for the company.<\/span>
\n Mylan NV (MYL -0.45%) fell 4% in after-hours trading after the FDA said it found “minor deficiencies” in Mylan’s application for its generic drug Advair Diskus.<\/span>
\n Tailored Brands (TLRD -2.76%) sank more than 20% in after-hours trading after it reported Q1 consolidated gross margins decreased -0.30% to 42.2% and after it forecast full-year adjusted EPS of $2.35 to $2.50, the midpoint well below consensus of $2.49.<\/span>
\n Culp (CULP -0.49%) plunged 15% in after-hours trading after it reported Q4 adjusted EPS of 37 cents, weaker than consensus of 43 cents, and said it expects Q1 sales to fall about 10% y\/y.<\/span>
\n Teligent (TLGT unch) jumped 10% in after-hours trading after the FDA approved Teligent’s Diflorasone Diacetate ointment 0.05%.<\/span>
\n Aqua Metals (AQMS -3.98%) dropped almost 8% in after-hours trading after it announced that it intends to sell $20 million in shares of its common stock in an underwritten public offering.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:30 Initial Jobless Claims
\n 8:30 Import\/Export Prices
\n 8:30 Retail Sales
\n 9:45 Bloomberg Consumer Comfort Index
\n 10:00 Business Inventories
\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, Hong Kong, South Korea, Taiwan, Indonesia, Singapore and the Philippines posted the biggest losses. Europe, Africa and the Middle East are currently split. France, Turkey and Greece are up; South Africa, Russia and the Czech Republic are down. Futures in the States point towards […]<\/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\/11905"}],"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=11905"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11905\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}