{"id":11931,"date":"2018-06-20T07:47:02","date_gmt":"2018-06-20T12:47:02","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11931"},"modified":"2018-06-20T07:47:02","modified_gmt":"2018-06-20T12:47:02","slug":"before-the-open-jun-20-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11931","title":{"rendered":"Before the Open (Jun 20)"},"content":{"rendered":"

Good morning. Happy Wednesday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly up. Japan, China, South Korea, India, New Zealand, Australia and Thailand did well; Indonesia and the Philippines were weak. Europe, Africa and the Middle East<\/strong> are currently doing very well. The UK, Poland, Denmark, South Africa, Finland, Switzerland, Hungary, Spain, Italy, Israel, Sweden, Russia and the Czech Republic are leading while Kenya and Saudi Arabia are down. Futures in the States<\/strong> point towards a positive open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>Bull Markets Are Everywhere<\/a>
\n—————<\/span>
\n—————
\n VIDEO: <\/strong>Is Market Concentration An Issue<\/a>
\n—————<\/span>
\nThe dollar is up a small amount. Oil is up; copper is down. Gold and silver are down. Bonds are down. <\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n Planet Fitness (PLNT -1.01%) was rated a new ‘Buy’ at Berenberg with a price target of $53.<\/span>
\n Tractor Supply (TSCO unch) was rated a new ‘Accumulate’ at Gordon Haskett with a price target of $86.<\/span>
\n Duke Energy (DUK +1.69%) was upgraded to ‘Buy’ from ‘Neutral’ at Bank of America\/Merrill Lynch with a price target of $84.<\/span>
\n Silgan Holdings (SLGN -1.83%) was rated anew ‘Sell’ at UBS with a price target of $25.<\/span>
\n Boeing (BA -3.84%) announced that it will sell FedEx 24 cargo aircraft in a deal worth $6.6 billion.<\/span>
\n FedEx (FDX -2.00%) gained almost 1% in after-hours trading after it reported Q4 revenue of $17.3 billion, better than consensus of $17.2 billion.<\/span>
\n Walgreens Boots Alliance (WBA +0.72%) climbed over 3% in after-hours trading after it was announced that it will replace GE in the Dow Jones Industrial Average prior to the open of trading Tuesday, June 26.<\/span>
\n Oracle (ORCL -0.54%) fell 4% in after-hours trading after it forecast Q1 adjusted EPS of 67 cents to 69 cents, below consensus of 72 cents.<\/span>
\n Starbucks (SBUX +0.37%) fell more than 2% in after-hours trading after it forecast Q3 global same-store sales up 1%, weaker than consensus of up 2.9%.<\/span>
\n Anika Therapeutics (ANIK +2.33%) plunged 25% in after-hours trading after it reported its CINGAL 16-02 for treatment in a clinical trial for knee osteoarthritis did not achieve its primary endpoint.<\/span>
\n La-Z-Boy (LZB +0.30%) dropped 8% in after-hour trading after it reported consolidated operating margin for fiscal 2018 was 8.2% versus 8.8% in the prior year period.<\/span>
\n Prothena Corp PLC (PRTA +2.88%) gained 1% in after-hours trading after it said the Phase 1b study of its PRX002\/RG7935 showed acceptable safety and tolerability profile in patients with Parkinson’s disease, meeting the study’s primary endpoint.<\/span>
\n Tuesday’s Key Earnings<\/strong>
\n FedEx (NYSE:FDX) -0.4% AH amid U.S.-China trade tensions.
\n Oracle (NYSE:ORCL) -3.7% AH following weak guidance.<\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 7:00 MBA Mortgage Applications
\n 8:30 Current Account
\n 9:30 Jerome Powell: \u201cMonetary Policy at a Time of Uncertainty and Tight Labor Markets\u201d
\n 10:00 Existing Home Sales
\n 10:30 EIA Petroleum Inventories<\/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. The Asian\/Pacific markets closed mostly up. Japan, China, South Korea, India, New Zealand, Australia and Thailand did well; Indonesia and the Philippines were weak. Europe, Africa and the Middle East are currently doing very well. The UK, Poland, Denmark, South Africa, Finland, Switzerland, Hungary, Spain, Italy, Israel, Sweden, Russia and 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\/11931"}],"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=11931"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11931\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}