{"id":11973,"date":"2018-06-29T07:32:59","date_gmt":"2018-06-29T12:32:59","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11973"},"modified":"2018-06-29T07:32:59","modified_gmt":"2018-06-29T12:32:59","slug":"before-the-open-jun-29-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11973","title":{"rendered":"Before the Open (Jun 29)"},"content":{"rendered":"

Good morning. Happy Friday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly up with big gains. China, Hong Kong, Taiwan and Indonesia gained more than 2%; India, Malaysia and the Philippines did better than 1%. Europe, Africa and the Middle East<\/strong> are currently doing very well. France, Poland, Turkey, Germany, Russia, South Africa, Switzerland, Hungary, the Netherlands, Italy, Sweden and the Czech Republic are up 1% or more. Futures in the States<\/strong> point towards a moderate gap up open for the cash market. <\/span>
\nThe dollar is down. Oil and copper are flat. Gold and silver are up slightly. Bonds are mixed. <\/span>
\n For the current short term downtrend to reverse, the SPX has to get back above its 50 on the hourly. <\/span>
\n\"\"
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n KB Home (KBH +1.68%) was upgraded to ‘Buy’ from ‘Underperform’ at Bank of America\/Merrill Lynch with a price target of $37.<\/span>
\n JPMorgan Chase (JPM +1.64%) gained more than 1% in after-hours trading after it said it will increase its quarterly dividend to 80 cents a share from 56 cents a share, well above consensus of 68 cents a share, and then said it will buy back up to $20.7 billion of its stock between July 1, 2018 and June 30,2019.<\/span>
\n SYNNEX (SNX -0.75%) fell 4% in after-hours trading after it forecast Q3 adjusted EPS of $2.42 to $2.52, the midpoint well below consensus of $2.57.<\/span>
\n Nike (NKE +0.49%) rose almost 6% in after-hours trading after it reported Q4 EPS of 69 cents, higher than consensus of 64 cents.<\/span>
\n Ryder System (R -0.33%) was rated a new ‘Buy’ at Mizuho Securities with a price target of $85.<\/span>
\n Citigroup (C +2.17%) gained 2% in after-hours trading after it said it will boost its quarterly dividend to 45 cents a share from 32 cents, better than estimates of 41 cents, and then said it plans to buy back up to $17.6 billion of its stock.<\/span>
\n Wells Fargo (WFC +0.66%) climbed almost 3% in after-hours trading after it boosted its quarterly dividend to 43 cents a share from the current 39 cents a share, and then said it will buy back up to $24.5 billion of its stock.<\/span>
\n Allison Transmission Holdings (ALSN unch) was rated a new ‘Buy’ at Mizuho Securities with a price target of $50.<\/span>
\n KB Home (KBH +1.68%) rose more than 3% in after-hours trading after it reported Q2 revenue of $1.10 billion, higher than consensus of $1.04 billion.<\/span>
\n Huntington Bancshares (HBAN +0.07%) gained more than 2% in after=hours trading after it said it plans to boost its quarterly dividend by 27% and buyback up to $1 billion of its stock.<\/span>
\n Gemphire Therapeutics (GEMP -5.07%) surged nearly 60% in after-hours trading after it said its Gemcabene drug achieved the primary endpoint of reducing triglycerides in its Phase 2b trial in patients with severe hypertriglyceridemia.<\/span>
\n Ziopharm Oncology (ZIOP +1.66%) climbed almost 4% in after-hours trading after it enrolled the first patient in its Phase I study of its Ad-RTS-hIL-12 plus veledimex in combination with Bristol-Myer-Squib’s OPDIVO drug for adult patients with recurrent glioblastoma.<\/span>
\n Thursday’s Key Earnings<\/strong>
\n Nike (NYSE:NKE) +9.2% AH on a rebound in N.America.
\n Walgreens (WBA) -9.9% pressured by Amazon’s pharmacy move.<\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:30 Personal Income and Outlays
\n 9:45 Chicago PMI
\n 10:00 Consumer Sentiment
\n 1:00 PM Baker-Hughes Rig Count<\/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 Friday. The Asian\/Pacific markets closed mostly up with big gains. China, Hong Kong, Taiwan and Indonesia gained more than 2%; India, Malaysia and the Philippines did better than 1%. Europe, Africa and the Middle East are currently doing very well. France, Poland, Turkey, Germany, Russia, South Africa, Switzerland, Hungary, the Netherlands, Italy, […]<\/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\/11973"}],"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=11973"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11973\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}