{"id":11999,"date":"2018-07-12T07:42:00","date_gmt":"2018-07-12T12:42:00","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=11999"},"modified":"2018-07-12T07:42:00","modified_gmt":"2018-07-12T12:42:00","slug":"before-the-open-jul-12-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=11999","title":{"rendered":"Before the Open (Jul 12)"},"content":{"rendered":"

Good morning. Happy Thursday. <\/span>
\n The Asian\/Pacific<\/strong> markets are mostly up. China, Hong Kong and India are up more than 1%; Japan, India, Taiwan and Australia are also doing well. Europe, Africa and the Middle East<\/strong> lean to the upside. The UK, Denmark, Finland, Switzerland, Austria and Sweden are leading; Turkey, Russia and South Africa are down. Futures in the States<\/strong> point towards a relatively big gap up open for the cash market. <\/span>
\n The dollar is up. Oil and copper are up. Gold is flat; silver is up. Bonds are down. <\/span>
\n—————
\n Podcast: <\/strong>with Chat With Traders<\/a>
\n—————<\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n NetApp (NTAP +0.44%) was rated a new ‘Buy’ at Guggenheim Securities with a price target of $94.<\/span>
\n Pioneer Natural Resources (PXD -3.81%) was rated a new ‘Overweight’ at Morgan Stanley with a price target of $240.<\/span>
\n Netflix (NFLX +0.73%) lost 1% in after-hours trading after it was downgraded to ‘Neutral’ from ‘Buy’ at UBS.<\/span>
\n Broadcom (AVGO -2.84%) slid 5% in after-hours trading after it agreed to purchase CA Technologies for $19 billion. CA Technologies CA jumped nearly 16% on the news.<\/span>
\n Honeywell International (HON -2.38%) was rated a new ‘Buy’ at Deutsche Bank with a price target of $166.<\/span>
\n Bank of the Ozarks (OZRK unch) slid 3% in after-hours trading after it reported Q2 net interest margin of 4.66%, weaker than consensus of 4.69%.<\/span>
\n Emerson Electric (EMR -2.70%) was rated a new ‘Buy’ at Deutsche Bank with a price target of $81.<\/span>
\n Crestwood Equity Partners LP (CEQP -0.93%) was rated a new ‘Buy’ at SunTrust Robinson Humphrey with a price target of $36.<\/span>
\n Zumiez (ZUMZ -1.46%) fell almost 4% in after-hours trading after it reported June comparable sales rose +2.7%, below consensus of +3.9%.<\/span>
\n Eaton Corp Plc (ETN -3.26%) was rated a new ‘Buy’ at Deutsche Bank with a price target of $86.<\/span>
\n Galmed Pharmaceuticals (GLMD -4.09%) rallied 12% in after-hours trading after it was rated a new ‘Overweight’ at Cantor Fitzgerald with a price target of $59.<\/span>
\n Weatherford International PLC (WFT -0.85%) jumped 7% in after-hours trading after it sold its drilling rigs business in Kuwait, Saudi Arabia and Algeria to ADES International Holding for $287.5 million.<\/span>
\n Zion Oil & Gas (ZN +0.76%) slumped 19% in after-hours trading after it said it received a subpoena from the SEC to produce documents citing “non-public, fact-finding inquiry into the company.”<\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:30 Consumer Price Index
\n 8:30 Initial Jobless Claims
\n 9:45 Bloomberg Consumer Comfort Index
\n 10:30 EIA Natural Gas Inventory
\n 12:15 PM Fed’s Harker Speech
\n 1:00 PM Results of $14B, 30-Year Note Auction
\n 2:00 PM Treasury Budget
\n 4:30 PM Money Supply
\n 4:30 PM Fed Balance Sheet<\/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 are mostly up. China, Hong Kong and India are up more than 1%; Japan, India, Taiwan and Australia are also doing well. Europe, Africa and the Middle East lean to the upside. The UK, Denmark, Finland, Switzerland, Austria and Sweden are leading; Turkey, Russia and South Africa are […]<\/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\/11999"}],"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=11999"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/11999\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}