{"id":12024,"date":"2018-07-24T07:26:12","date_gmt":"2018-07-24T12:26:12","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=12024"},"modified":"2018-07-24T07:26:12","modified_gmt":"2018-07-24T12:26:12","slug":"before-the-open-jul-24-6","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=12024","title":{"rendered":"Before the Open (Jul 24)"},"content":{"rendered":"

Good morning. Happy Tuesday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly up. China, Hong Kong, Australia and the Philippines led. Europe, Africa and the Middle East<\/strong> are currently mostly up. The UK, Denmark, Poland, France, Germany, Finland, Austria and Sweden are leading; Turkey is weak. Futures in the States<\/strong> point towards a moderate gap up open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>Long Term is Rock Solid but Short Term There are Issues<\/a>
\n—————<\/span>
\nThe dollar is down. Oil and copper are up. Gold and silver are up. Bonds are up. <\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n Alphabet (GOOGL +1.10%) climbed more than 4% in pre-market trading after it reported Q2 revenue ex-TAC of $26.24 billion, higher than consensus of $25.55 billion.<\/span>
\n Mosaic (MOS +0.21%) was upgraded to ‘Buy’ from ‘Underperform’ at Bank of America\/Merrill Lynch with a price target of $35.<\/span>
\n Whirlpool (WHR -0.72%) tumbled nearly 9% in after-hours trading after it reported Q2 net sales of $5.14 billion, less than expectations of $5.29 billion, and then forecast full-year ongoing EPS of $14.20 to $14.80, weaker than consensus of $15.62.<\/span>
\n Bluebird Bio (BLUE -1.72%) fell more than 3% in after-hours trading after it announced that it had commenced an underwritten public offering of $400 million in shares of its common stock.<\/span>
\n Anadarko (APC +0.16%) was rated a new ‘Buy’ at Mizuho Securities USA with a price target of $102.<\/span>
\n Kaiser Aluminum (KALU +0.99%) reported Q2 adjusted EPS of $1.68, better than consensus of $1.63.<\/span>
\n Moelis & Co. (@symbolPercentChange(MC reported Q2 revenue of $220.4 million, higher than consensus of $183.7 million.<\/span>
\n Reata Pharmaceuticals (RETA +64.98%) slipped 2% in after-hours trading after it announced its intention to sell 3.0 million shares of its Class A common stock in an underwritten public offering.<\/span>
\n TD Ameritrade Holding (AMTD +2.84%) gained 1% in after-hours trading after it reported Q3 revenue of $1.38 billion, better than consensus of $1.35 billion.<\/span>
\n Noble Energy (NBL -0.29%) was rated a new ‘Buy’ at Mizuho Securities USA with a price target of $51.<\/span>
\n Zions Bancorporation (ZION +1.49%) fell more than 3% in after-hours trading after it reported Q2 EPS of 89 cents, weaker than consensus of 92 cents.<\/span>
\n Merit Medical Systems (MMSI +0.72%) gained more than 1% in after-hours trading after it reported Q2 revenue of $224.8 million, well above consensus of $214.7 million.<\/span>
\n Brown & Brown (BRO -0.24%) reported Q2 revenue of $473.1 million, above consensus of $471.1 million.<\/span>
\n Redwood Trust (RWT -0.81%) dropped 3% in after-hours trading after it announced its intends to sell 6.25million shares of its common stock in an underwritten public offering.<\/span>
\n Monday’s Key Earnings<\/strong>
\n Alphabet (NASDAQ:GOOG) +3.9% AH on revenue growth.
\n Whirlpool (NYSE:WHR) -9.8% AH on earnings miss, weak guidance.
\n Steel Dynamics (NASDAQ:STLD) +4.4% AH on earnings beat and revenue growth.
\n TD Ameritrade (NASDAQ:AMTD) +1% AH on asset-based revenue growth.
\n Cadence Design Systems (NASDAQ:CDNS) +2.3% AH on earnings beat, in-line guidance.
\n Owens-Illinois (NYSE:OI) -3.5% AH on earnings headwinds.<\/span><\/span><\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:55 Redbook Chain Store Sales
\n 9:00 FHFA House Price Index
\n 9:45 PMI Composite Flash
\n 10:00 Richmond Fed Mfg.
\n 1:00 PM Results of $35B, 2-Year Note Auction<\/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 Tuesday. The Asian\/Pacific markets closed mostly up. China, Hong Kong, Australia and the Philippines led. Europe, Africa and the Middle East are currently mostly up. The UK, Denmark, Poland, France, Germany, Finland, Austria and Sweden are leading; Turkey is weak. Futures in the States point towards a moderate gap up open for […]<\/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\/12024"}],"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=12024"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/12024\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}