{"id":12015,"date":"2018-07-19T07:40:25","date_gmt":"2018-07-19T12:40:25","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=12015"},"modified":"2018-07-19T07:40:25","modified_gmt":"2018-07-19T12:40:25","slug":"before-the-open-jul-19-8","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=12015","title":{"rendered":"Before the Open (Jul 19)"},"content":{"rendered":"

Good morning. Happy Thursday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed with a lean to the downside. Malaysia, Singapore and Thailand did well, but China, Hong Kong, South Korea, New Zealand, Indonesia and the Philippines were weak. Europe, Africa and the Middle East<\/strong> currently lean to the downside. Denmark, Turkey and Sweden are up; Poland, France, Germany, Russia, Greece and Hungary are down. Futures in the States<\/strong> point towards a down open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>My Favorite Intermediate Term Trading Setup<\/a>
\n—————<\/span>
\n The dollar is up. Oil and copper are down. Gold and silver are down. Bonds are down. <\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n eBay (EBAY +0.37%) is down more than 6% in pre-market trading after it cut its full-year net revenue estimate to $10.75 billion to $10.85 billion from a prior view of $10.9 billion to $11.1 billion, weaker than consensus of $10.95 billion.<\/span>
\n Clorox (CLX -4.07%) was rated a new ‘Sell’ at UBS with a price target of $110.<\/span>
\n Goldman Sachs (GS +0.10%) was upgraded to ‘Strong Buy’ from ‘Market Outperform’ at Vining Sparks with a price target of $285.<\/span>
\n International Business Machines (IBM +0.72%) is up 3% in pre-market trading after it reported Q2 adjusted EPS of $3.08, higher than consensus of $3.04.<\/span>
\n American Express (AXP +1.81%) fell 3% in after-hours trading after it reported Q2 revenue of $10.00 billion, below consensus of $10.07 billion and said Q2 consolidated expenses rose 7% y\/y to $7.1 billion.<\/span>
\n PTC (PTC -0.39%) dropped 4% in after-hours trading after it forecast Q4 revenue of $318 million to $323 million, well below consensus of $327.3 million.<\/span>
\n Alcoa (AA -0.12%) fell 2% in after-hours trading after it cut its full-year adjusted Ebitda estimate to $3.0 billion-$3.2 billion from a prior view of $3.5 billion-$3.7 billion, citing tariffs that are causing “significant” headwind to earnings.<\/span>
\n Century Aluminum (CENX +0.88%) slid nearly 3% in after-hours trading on negative carry-over from the action by Alcoa to cut its full-year earnings estimate.<\/span>
\n Lions Gate Entertainment (@symbolPercentChange(LGF\/B)) rose 2% in after-hours trading after it was upgraded to a ‘Buy’ from ‘Hold’ at SunTrust Robinson Humphrey with a price target of $27.<\/span>
\n Resources Connection (RECN +0.29%) fell nearly 4% in after-hours trading after it reported Q4 EPS of 12 cents, well below consensus of 28 cents.<\/span>
\n Noodles & Co (NDLS -2.07%) rallied more than 5% in after-hours trading after it reported Q2 revenue of $117.4 million, better than consensus of $114.3 million, and the raised its full-year revenue forecast to $450 million to $455 million, the midpoint above consensus of $451 million.<\/span>
\n Datawatch (DWCH -3.00%) jumped 15% in after-hours trading after it reported Q3 revenue of $12.9 million, better than consensus of $11.8 million.<\/span>
\n Sportsman’s Warehouse Holdings (SPWH -2.97%) lost 2% in after-hours trading after holders offered 2.8 million shares of the company’s stock via D.A. Davidson.<\/span>
\n Wednesday’s Key Earnings<\/strong>
\n Abbott Laboratories (NYSE:ABT) +3.1% beating estimates.
\n Alcoa (NYSE:AA) -4% AH cutting its adjusted EBITDA forecast.
\n American Express (NYSE:AXP) -2.8% AH as revenue fell short.
\n eBay (NASDAQ:EBAY) -5.6% AH after lowering guidance.
\n Ericsson (NASDAQ:ERIC) +8.2% turning an operating profit.
\n IBM (NYSE:IBM) +3.1% AH as margins climbed higher.
\n Kinder Morgan (NYSE:KMI) +0.5% AH following mixed results.
\n Morgan Stanley (NYSE:MS) +2.8% on strong investment banking.
\n Novartis (NYSE:NVS) +2.9% topping expectations.
\n U.S. Bancorp (NYSE:USB) -1.1% falling short on revenues.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:30 Initial Jobless Claims
\n 8:30 Philly Fed Business Outlook
\n 9:00 Randal Quarles: \u201cAlternative Reference Rates Committee Roundtable\u201d
\n 9:45 Bloomberg Consumer Comfort Index
\n 10:00 Leading Indicators
\n 10:30 EIA Natural Gas Inventory
\n 4:30 PM Money Supply
\n 4:30 PM Fed Balance Sheet<\/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 with a lean to the downside. Malaysia, Singapore and Thailand did well, but China, Hong Kong, South Korea, New Zealand, Indonesia and the Philippines were weak. Europe, Africa and the Middle East currently lean to the downside. Denmark, Turkey and Sweden are up; Poland, France, Germany, Russia, […]<\/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\/12015"}],"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=12015"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/12015\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}