{"id":11943,"date":"2018-06-21T07:34:48","date_gmt":"2018-06-21T12:34:48","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11943"},"modified":"2018-06-21T07:34:48","modified_gmt":"2018-06-21T12:34:48","slug":"before-the-open-jun-21-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11943","title":{"rendered":"Before the Open (Jun 21)"},"content":{"rendered":"

Good morning. Happy Thursday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly down. New Zealand and Australia did well, but China, Hong Kong, South Korea, Malaysia, Indonesia, Thailand and the Philippines were weak. Europe, Africa and the Middle East<\/strong> are currently mostly down. The UK, France, Germany, Finland, Kenya, Norway, Hungary, Italy, Sweden and Russia are down; Turkey and Denmark are up. Futures in the States<\/strong> point towards a flat open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>Bull Markets Are Everywhere<\/a>
\n<\/span>
\nVIDEO: <\/strong>Is Market Concentration An Issue<\/a>
\n—————<\/span>
\nThe dollar is up. Oil and copper are down. Gold and silver are down. Bonds are up. <\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n Burlington Stores (BURL -0.73%) were rated a new ‘Sell’ at UBS with a price target of $135.<\/span>
\n DISH Network (DISH +2.35%) was downgraded to ‘Neutral’ from ‘Buy’ at Goldman Sachs.<\/span>
\n Micron (MU -0.51%) rose 4% in pre-market trading after it forecast Q4 revenue of $8.0 billion to $8.4 billion, the midpoint above consensus of $8.02 billion.<\/span>
\n Wix.com Ltd (WIX +1.03%) lost nearly 2% in after-hours trading after it proposed a private offering of $350 million of convertible senior notes due 2023.<\/span>
\n Century Aluminum (CENX +1.02%) was rated a new ‘Buy’ at B Riley FBR with a price target of $27.<\/span>
\n Arris International PLC (ARRS +0.08%) was downgraded to ‘Sell’ from ‘Buy’ at Goldman Sachs.<\/span>
\n HP (HPQ -0.94%) rose 3% in after-hours trading after it said its board authorized a $4 billion stock buyback plan.<\/span>
\n Infinera (INFN +2.78%) was downgraded to ‘Neutral’ from ‘Buy’ at Goldman Sachs.<\/span>
\n Corning (GLW +0.04%) gained more than 1% in after-hours trading after it was upgraded to ‘Neutral’ from ‘Sell’ at Goldman Sachs.<\/span>
\n Veritone (VERI -2.48%) slid more than 9% in after-hours trading after it announced that it had commenced an underwritten public offering of shares of its common stock, although no size was given.<\/span>
\n Limoneira (LMNR +2.61%) dropped 10% in after-hours trading after it announced that it intends to offer $50 million of share of its common stock in an underwritten registered public offering.<\/span>
\n Steelcase (SCS +1.30%) rose nearly 3% in after-hours trading after it forecast Q2 adjusted EPS of 28 cents to 33 cents, the midpoint above consensus of 28 cents.<\/span>
\n American Outdoor Brands (AOBC +1.07%) climbed more than 5% in after-hours trading after it forecast Q1 net sales of $130 million to $140 million, better than consensus of $123.6 million.<\/span>
\n Barnes & Noble Education (BNED +4.16%) jumped 8% in after-hours trading after it reported an unexpected Q4 EPS profit of 36 cents, well above consensus of a -2 cents per share loss.<\/span>
\n Wednesday’s Key Earnings<\/strong>
\n Micron (NASDAQ:MU) +2.7% AH on memory price confidence.<\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:30 Initial Jobless Claims
\n 8:30 Philly Fed Business Outlook
\n 9:00 FHFA House Price Index
\n 9:45 Bloomberg Consumer Comfort Index
\n 10:00 Leading Indicators
\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. New Zealand and Australia did well, but China, Hong Kong, South Korea, Malaysia, Indonesia, Thailand and the Philippines were weak. Europe, Africa and the Middle East are currently mostly down. The UK, France, Germany, Finland, Kenya, Norway, Hungary, Italy, Sweden and Russia are down; Turkey […]<\/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\/11943"}],"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=11943"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11943\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}