{"id":11911,"date":"2018-06-15T07:40:06","date_gmt":"2018-06-15T12:40:06","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11911"},"modified":"2018-06-15T07:40:06","modified_gmt":"2018-06-15T12:40:06","slug":"before-the-open-jun-15-6","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11911","title":{"rendered":"Before the Open (Jun 15)"},"content":{"rendered":"

Good morning. Happy Friday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed with a lean to the downside. Japan, Taiwan and Australia did well, but China, Hong Kong, South Korea, Indonesia, Singapore and the Philippines posted notable losses. Europe, Africa and the Middle East<\/strong> are currently mostly down. Turkey is doing well, but the UK, Poland, Greece, South Africa, Hungary, Spain, Italy, Portugal, Russia, Sweden and Austria are weak. Futures in the States<\/strong> currently point towards a moderate gap down open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>Bull Markets Are Everywhere<\/a>
\n—————<\/span>
\nThe dollar is down. Oil and copper are down. Gold and silver are down. Bonds are up. <\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n Spire (SR +0.23%) was upgraded to ‘Outperform’ from ‘Market Perform’ at Wells Fargo Securities with a price target of $74.<\/span>
\n Pros Holdings (PRO +0.91%) was rated a new ‘Buy’ at Nomura Instinet with a price target of $42.<\/span>
\n Adobe Systems (ADBE +0.77%) fell more than 3% in after-hours trading after it reported Q2 operating margin of 40.0%, weaker than consensus of 40.4%.<\/span>
\n Jabil (JBL +0.27%) rose more than 3% in after-hours trading after it reported Q3 net revenue of $5.44 billion, better than consensus of $4.90 billion, and then forecast Q4 revenue of $5.2 billion to $5.6 billion, the midpoint above consensus of $5.2 billion.<\/span>
\n Schnitzer Steel (SCHN +1.07%) may open to the upside this morning after it reported preliminary Q3 adjusted earnings per share of $1.22 to $1.28, well above consensus of 98 cents.<\/span>
\n Vince Holdings (VNCE +1.53%) gained more than 3% in after-hours trading after it reported Q1 comparable sales rose +12.3% and gross margin improved by 270 bp to 46.8%.<\/span>
\n Clodera (CLDR +0.84%) may open to the downside this morning after it was rated a new ‘Reduce’ at Nomura Instinet with a price target of $12.<\/span>
\n Genco Shipping & Trading (GNK -0.60%) slid more than 5% in after-hours trading after it announced that it had commenced a public offering of $100 million of its common stock.<\/span>
\n Verastem (VSTM -1.41%) rose 6% in after-hours trading after it sold 7.17 million shares of common stock at $6 a share to funds managed by Consonance Capital in a registered sales that raised $43 million for Verastem Oncology.<\/span>
\n Thursday’s Key Earnings<\/strong>
\n Adobe (NASDAQ:ADBE) -2.9% AH despite a record quarter.<\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:30 Empire State Mfg Survey
\n 9:15 Industrial Production
\n 10:00 Consumer Sentiment
\n 1:00 PM Baker-Hughes Rig Count
\n 4:00 PM Treasury International Capital<\/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 Friday. The Asian\/Pacific markets closed with a lean to the downside. Japan, Taiwan and Australia did well, but China, Hong Kong, South Korea, Indonesia, Singapore and the Philippines posted notable losses. Europe, Africa and the Middle East are currently mostly down. Turkey is doing well, but the UK, Poland, Greece, South Africa, […]<\/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\/11911"}],"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=11911"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11911\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}