{"id":11969,"date":"2018-06-28T07:45:04","date_gmt":"2018-06-28T12:45:04","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11969"},"modified":"2018-06-28T07:45:04","modified_gmt":"2018-06-28T12:45:04","slug":"before-the-open-jun-28-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11969","title":{"rendered":"Before the Open (Jun 28)"},"content":{"rendered":"

Good morning. Happy Thursday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly down. China, South Korea, India, Indonesia, Thailand and the Philippines dropped the most. Europe, Africa and the Middle East<\/strong> are currently mostly down. Denmark, Poland, France, Germany, Greece, Switzerland, the Netherlands, Austria and Sweden are leading to the downside. Futures in the States<\/strong> point towards a moderate gap down open for the cash market. <\/span>
\n—————
\n Podcast: <\/strong>with Chat With Traders<\/a>
\n—————<\/span>
\nThe dollar is down. Oil and copper are down. Gold and silver are down. Bonds flat. <\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n Walgreens Boots Alliance (WAG) is up more than 2% in pre-market trading after it reported Q3 adjusted EPS of $1.53, better than consensus of $1.48, and then boosted its quarterly dividend to 44 cents a share from 40 cents, higher than expectations of 43 cents. In addition, the company authorized a $10 billion share buyback program.<\/span>
\n T-Mobile (TMUS -0.60%) was upgraded to ‘Outperform’ from ‘Market Perform’ at Wells Fargo Securities with a price target of $77.<\/span>
\n Madison Square Garden (MSG -2.00%) rallied 5% in after-hours trading after it said it was exploring the spinoff of its sports franchises, including the New Yok Knicks and New York Rangers.<\/span>
\n International Business Machines (IBM -1.15%) was rated a new ‘Buy’ at Nomura Instinet with a price target of $160.<\/span>
\n Zillow Group (ZG -0.12%) fell 3% in after-hours trading after it announced a proposed public offering of $325 million of Class C capital stock and $325 million of convertible senior notes due 2023.<\/span>
\n Beacon Roofing Supply (BECN -1.15%) was rated a new ‘Buy’ at MKM Partners with a price target of $61.<\/span>
\n Progress Software (PRGS -2.74%) gained 2% in after-hours trading after it reported Q2 adjusted EPS of 60 cents, higher than consensus of 53 cents, and then forecast full-year adjusted EPS of $2.45 to $2.50, above consensus of $2.42.<\/span>
\n Gilead Sciences (GILD -2.29%) was rated a ‘Strong Buy’ at Raymond James with a price target of $93.<\/span>
\n CalAmp (CAMP -3.50%) rose 3% in after-hours trading after it reported Q1 revenue of $94.9 million, above consensus $93.1 million.<\/span>
\n Bed Bath & Beyond (BBBY +0.70%) dropped 6% in after-hours trading after it reported an unexpected -0.6% decline in Q1 comparable sales, weaker than expectations of a +0.1% increase.<\/span>
\n Kura Oncology (KURA -1.73%) fell more than 3% in after-hours trading after it announced that it had commenced an underwritten public offering of its common stock, although no size was given.<\/span>
\n Intrexon (XON -6.29%) slid almost 4% in after-hours trading after it announced that it intends to sell $200 million convertible senior notes due 2023.<\/span>
\n Zafgen (ZFGN -2.41%) dropped nearly 5% in after-hours trading after it announced that it had commenced an underwritten public offering of its common stock, although no size was given.<\/span>
\n Pier 1 Imports (PIR +1.01%) tumbled 12% in after-hours trading after it reported Q1 comparable sales fell -8.2%, weaker than expectations of -7.6%, and then forecast a Q2 adjusted loss per share of -54 cents to -58 cents, wider than consensus of -21 cents.<\/span>
\n Wednesday’s Key Earnings<\/strong>
\n Bed Bath & Beyond (NASDAQ:BBBY) -5.2% AH on a same-store sales drop.
\n General Mills (NYSE:GIS) -0.7% amid flat North America sales.
\n Rite Aid (NYSE:RAD) +1% following a revenue beat.<\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:30 Initial Jobless Claims
\n 8:30 GDP Q1
\n 8:30 Corporate profits
\n 9:45 Bloomberg Consumer Comfort Index
\n 10:30 EIA Natural Gas Inventory
\n 10:45 Fed’s Bullard speech
\n 11:00 Kansas City Fed Mfg Survey
\n 1:00 PM Results of $30B, 7-Year Note Auction
\n 3:00 PM Farm Prices
\n 4:30 PM Money Supply
\n 4:30 PM Fed Balance Sheet<\/span><\/span><\/span><\/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. China, South Korea, India, Indonesia, Thailand and the Philippines dropped the most. Europe, Africa and the Middle East are currently mostly down. Denmark, Poland, France, Germany, Greece, Switzerland, the Netherlands, Austria and Sweden are leading to the downside. Futures in the States point towards a […]<\/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\/11969"}],"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=11969"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11969\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}