{"id":11917,"date":"2018-06-18T07:39:13","date_gmt":"2018-06-18T12:39:13","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11917"},"modified":"2018-06-18T07:39:13","modified_gmt":"2018-06-18T12:39:13","slug":"before-the-open-jun-18-5","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11917","title":{"rendered":"Before the Open (Jun 18)"},"content":{"rendered":"

Good morning. Happy Monday. Hope you had a good weekend. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly down with stiff losses. Taiwan posted a gain, but Japan, Hong Kong, South Korea, Malaysia, Indonesia, Singapore, Thailand and the Philippines posted losses. China was closed. Europe, Africa and the Middle East<\/strong> are currently mostly down. Poland, France, Turkey, Germany, the UAE, Denmark, South Africa, Finland, Switzerland, Spain and Russia are down 1% or more. Futures in the States<\/strong> point towards a big gap down 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 down. Oil is up slightly; copper is down. Gold and silver are up. Bonds are up. <\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n Disney (DIS +0.09%) was downgraded to ‘Sell’ from ‘Hold’ at Pivotal Research Group LLC with a price target of $93.<\/span>
\n Global Payments (GPN -0.21%) was downgraded to ‘Neutral’ from ‘Buy’ at Goldman Sachs.<\/span>
\n Dun & Bradstreet (DNB -1.33%) was downgraded to ‘Neutral’ from ‘Outperform’ at Baird.<\/span>
\n Concho Resources (CXO -1.19%) was rated a new ‘Buy’ at Williams Capital with a price target of $178.<\/span>
\n BlackRock (BLK +0.22%) was upgraded to ‘Buy’ from ‘Hold’ at Citigroup with a price target of $610.<\/span>
\n Chevron (CVX -1.95%) was upgraded to ‘Outperform’ from ‘Market Perform’ at Raymond James with a price target of $140.<\/span>
\n Chubb (CB +0.60%) was downgraded to ‘Neutral’ from ‘Buy’ at Goldman Sachs.<\/span>
\n Fleetcor Technologies (FLT +0.76%) will replace Time Warner in the S&P 500 index as Time Warner is dropped due to its acquisition by AT&T.<\/span>
\n Splunk (SPLK -3.05%) was downgraded to sell from neutral by Citi with a price target of $98.<\/span>
\n Manhattan Associates (MANH +4.02%) was upgraded to buy at Benchmark Co.<\/span>
\n Evergy (EVRG +1.60%) was rated with a Buy on resumed coverage by Guggenheim with a price target of $58.<\/span>
\n Cheesecake Factory (CAKE +5.47%) was downgraded to ‘Neutral’ from ‘Buy’ at BTIG due to valuation.<\/span>
\n BHP Billiton (BHP AU) was downgraded to Hold by Investec.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 10:00 NAHB Housing Market Index
\n 1:00 PM Fed’s Bostic Speech<\/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 Monday. Hope you had a good weekend. The Asian\/Pacific markets closed mostly down with stiff losses. Taiwan posted a gain, but Japan, Hong Kong, South Korea, Malaysia, Indonesia, Singapore, Thailand and the Philippines posted losses. China was closed. Europe, Africa and the Middle East are currently mostly down. Poland, France, Turkey, Germany, […]<\/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\/11917"}],"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=11917"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11917\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}