{"id":11981,"date":"2018-07-06T07:51:54","date_gmt":"2018-07-06T12:51:54","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11981"},"modified":"2018-07-06T07:51:54","modified_gmt":"2018-07-06T12:51:54","slug":"before-the-open-jul-6-6","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11981","title":{"rendered":"Before the Open (Jul 6)"},"content":{"rendered":"

Good morning. Happy Friday. Happy Employment Numbers Day. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mixed and with some big movers in each direction. Japan, China, South Korea, Australia and Thailand did well; Malaysia, Indonesia, Singapore and the Philippines did poorly. Europe, Africa and the Middle East<\/strong> lean to the downside. Denmark and Kenya are doing well while Turkey, Russia, South Africa, Norway and Saudi Arabia are down. Futures in the States<\/strong> [prior to the jobs report] are down. <\/span>
\nThe dollar is down. Oil and copper are down. Gold and silver are down. Bonds are up. <\/span>
\n Here are the employment figures<\/strong>.<\/span>
\n unemployment rate: 4.0% (was 3.8% last month)
\n nonfarm payrolls: +213K
\n private payrolls:
\n average workweek: flat at 34.5 hours
\n hourly wages: up 5 cents to $26.98
\n labor participation rate:<\/span><\/span><\/span><\/span><\/span><\/span>
\n April and May job gains revised up by a combined 37K.<\/span>
\n S&P futures jumped about 12 points after the news…but are now backing off some. <\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n LSC Communications (LKSD +1.18%) was downgraded to ‘Underweight’ from ‘Neutral’ at JP Morgan Chase with a price target of $14.<\/span>
\n U.S. Silica (SLCA +0.04%) was downgraded to ‘Neutral’ from ‘Buy’ at Guggenheim.<\/span>
\n Gannett (GCI +0.56%) was downgraded to ‘Underweight’ from ‘Neutral’ at JPMorgan Chase with a price target of $10.<\/span>
\n Biogen (BIIB +1.81%) jumped 13% in pre-market-trading after its BAN2401 drug for treating Alzheimer’s disease showed a significant slowing of disease progression in the brain during a Phase 2 trial.<\/span>
\n Dollar General (DG +0.02%) was rated a ‘Buy’ at Citigroup.<\/span>
\n ManTech International (MANT -0.02%) was upgraded to ‘Buy’ from ‘Hold’ at SunTrust Robinson Humphrey with a price target of $66.<\/span>
\n PriceSmart (PSMT +2.24%) dropped 6% in after-hours trading after it reported Q3 net income of $18.7 million versus $18.8 million y\/y.<\/span>
\n Starbucks (SBUX -0.33%) was upgraded to ‘Hold’ from ‘Sell’ at DZ Bank AG.<\/span>
\n Arbutus Biopharma (ABUS +9.64%) was downgraded to ‘Neutral’ from ‘Buy’ at B Riley FBR.<\/span>
\n Tetra Technologies (TTI +1.80%) was rated a new ‘Buy’ at B Riley FBR with a price target of $8.<\/span>
\n Civeo (CVEO +0.75%) rallied 8% in after-hours trading after the company won contracts worth C$100 million to provide facilities for the Coastal GasLink pipeline project in British Columbia.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:30 Non-farm payrolls
\n 8:30 International Trade
\n 10:30 EIA Natural Gas Inventory
\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. Happy Employment Numbers Day. The Asian\/Pacific markets closed mixed and with some big movers in each direction. Japan, China, South Korea, Australia and Thailand did well; Malaysia, Indonesia, Singapore and the Philippines did poorly. Europe, Africa and the Middle East lean to the downside. Denmark and Kenya are doing well while […]<\/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\/11981"}],"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=11981"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11981\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}