{"id":11951,"date":"2018-06-22T07:20:06","date_gmt":"2018-06-22T12:20:06","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11951"},"modified":"2018-06-22T07:20:06","modified_gmt":"2018-06-22T12:20:06","slug":"before-the-open-jun-22-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11951","title":{"rendered":"Before the Open (Jun 22)"},"content":{"rendered":"

Good morning. Happy Friday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed with a lean to the upside. China, South Korea and India did the best; Japan and the Philippines lagged. Europe, Africa and the Middle East<\/strong> are currently mostly up. The UK, Poland, France, Greece, Denmark, South Africa, Switzerland, Norway, the Netherlands, Italy, Belgium and Portugal are posting solid gains. Futures in the States<\/strong> point towards a moderate gap up open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>Bull Markets Are Everywhere<\/a><\/span>
\nVIDEO: <\/strong>Is Market Concentration An Issue<\/a>
\n—————<\/span>
\nThe dollar is down. Oil and copper are up. Gold and silver are up. Bonds are down. <\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n Dollar General (DG +0.68%) was upgraded to ‘Strong Buy’ from ‘Outperform’ at Raymond James with a price target of $115.<\/span>
\n United Rentals (URI -5.26%) was upgraded to ‘Buy’ from ‘Neutral’ at UBS with a price target pf $196.<\/span>
\n Ollies Bargain Outlet Holdings (OLLI +3.43%) was downgraded to ‘Underperform’ from ‘Neutral’ at Bank of America\/Merrill Lynch with a price target of $68.<\/span>
\n Red Hat (RHT -2.06%) tumbled 10% in after-hours trading after it lowered guidance on full-year revenue to $3.38 billion to $3.41 billion from a prior view of $3.43 billion to $3.46 billion.<\/span>
\n Texas Instruments (TXN)was rated a new ‘Buy’ at Loop Capital Markets with a price target of $135.<\/span>
\n Alteryx (AYX)was rated a new ‘Outperform’ at Oppenheimer with a price target of $48.<\/span>
\n Bristol-Myers Squibb (BMY -0.57%) gained nearly 1% in after-hours trading after the FDA accepted the company’s application for Opdivo plus low-dose Yervoy for the treatment on non-small cell lung cancer in patients with tumor mutational burden.<\/span>
\n Semtech (SMTC +2.20%) was rated a new ‘Buy’ at Loop Capital Markets with a price target of $60.<\/span>
\n G-III Apparel Group Ltd (GIII +0.56%) was rated a new ‘Buy’ at Needham & Co with a price target of $53.<\/span>
\n Smart Global Holdings (SGH -1.70%) reported Q3 sales of $335.5 million, better than consensus of $331.4 million, and said it sees Q4 revenue of $360 million to $380 million, stronger than consensus of $348.6 million.<\/span>
\n Tandem Diabetes Care (TNDM -1.79%) climbed more than 5% in after-hours trading after the FDA approved its t:slim X2 insulin pump with Basal-1Q technology.<\/span>
\n Container Store Group (TCS +0.69%) slid almost 4% in after-hours trading after it filed to sell 32.5 million shares of common stock from holders including Green Equity Investors.<\/span>
\n Thursday’s Key Earnings<\/strong>
\n Barnes & Noble (NYSE:BKS) -3.9% on declining comp sales.
\n Kroger (NYSE:KR) +9.6% posting strong earnings.
\n Red Hat (NYSE:RHT) -12.5% AH following downside guidance.<\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 9:45 PMI Composite Flash
\n 1:00 PM Baker-Hughes Rig Count<\/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 upside. China, South Korea and India did the best; Japan and the Philippines lagged. Europe, Africa and the Middle East are currently mostly up. The UK, Poland, France, Greece, Denmark, South Africa, Switzerland, Norway, the Netherlands, Italy, Belgium and Portugal are posting […]<\/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\/11951"}],"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=11951"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11951\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}