{"id":12031,"date":"2018-07-26T07:36:10","date_gmt":"2018-07-26T12:36:10","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=12031"},"modified":"2018-07-26T07:36:10","modified_gmt":"2018-07-26T12:36:10","slug":"before-the-open-jul-26-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=12031","title":{"rendered":"Before the Open (Jul 26)"},"content":{"rendered":"

Good morning. Happy Thursday. <\/span>
\n The Asian\/Pacfic<\/strong> markets closed mixed. Japan, South Korea, Thailand and the Philippines moved up; Chian and Hong Kong were weak. Europe, Africa and the Middle East<\/strong> are currently mostly up. Denmark, Poland, Turkey, Germany, South Africa, Switzerland, Hungary, Spain, Italy and Sweden are up; Portugal is down. Futures in the States<\/strong> point towards a down open for the cash market. <\/span>
\n—————
\n Podcast: <\/strong>with Chat With Traders<\/a>
\n—————<\/span>
\n The dollar is up a small amount. Oil is down; copper is up. Gold and silver are down. Bonds are down. <\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n Facebook (FB +1.32%) plunged 23% in pre-market trading after it reported 1.47 billion active daily users in June, below forecasts of 1.48 billion users, and reported Q2 revenue of $13.23 billion, weaker than consensus of $13.33 billion. Also, CFO Wehner said sales growth will continue to slow through the rest of the year.<\/span>
\n Biogen (BIIB +2.95%) slumped 10% in after-hours trading after it said its experimental Alzheimer drug slowed the progression of the earliest stages of the disease by 30% in a study, although expectations had been for an even higher percentage.<\/span>
\n Mohawk Industries (MHK -0.99%) tumbled 13% in after-hours trading after it reported Q2 adjusted EPS of $3.51, well below consensus of $3.90.<\/span>
\n Citrix Systems (CTXS +1.52%) rose more than 2% in after-hours trading after it reported Q2 adjusted EPS of $1.28, better than consensus of $1.20, and then forecast Q3 adjusted EPS of $11.23 to $1.26, above consensus of $1.22.<\/span>
\n PayPal Holdings (PYPL -0.04%) slid nearly 3% in after-hours trading after it forecast Q3 net revenue of $3.62 billion to $3.67 billion, weaker than consensus of $3.71 billion.<\/span>
\n Xilinx (XLNX +0.34%) jumped almost 10% in after-hours trading after it reported Q1 net revenue of $684.4 million, above consensus of $675.3 million, and then forecast full-year adjusted sales of $2.8 to $2.9 billion, better than consensus of $2.76 billion.<\/span>
\n Qualcomm (QCOM +0.97%) rallied 5% in after-hours trading after it said it will abandon its $44 billion bid to acquire NXP Semiconductors NV after Chinese regulators failed to approve the acquisition.<\/span>
\n Mondelez International (MDLZ -0.05%) climbed 3% in after-hours trading after it reported Q2 adjusted EPS of 56 cents, higher than consensus of 54 cents.<\/span>
\n Knight-Swift Transportation Holdings (KNX +2.78%) dropped more than 13% in after-hours trading after it reported Q2 adjusted EPS of 56 cents, weaker than consensus of 57 cents.<\/span>
\n PCM Inc (PCMI -4.55%) jumped 14% in after-hours trading after it raised its full-year adjusted EPS view to $2.20 to $2.30 from an April estimate of $2.00 to $2.10 and sees gross margins of 15.6%-15.85% from a prior view of 15%-15.5%.<\/span>
\n Advanced Micro Devices (AMD -0.86%) rose nearly 6% in after-hours trading after it reported Q2 revenue of $1.76 billion. better than consensus of $1.72 billion.<\/span>
\n Ford Motor (F -0.47%) slid more than 4% in after-hours trading after it cut its full-year adjusted EPS outlook to $1.30 to $1.50 from a May 16 view of $1.45 to $1.70.<\/span>
\n U.S. Steel (X +1.03%) and AK Steel Holding (AKS +0.19%) both fell more than 2% in after-hours trading after President Trump said he will “resolve” the steel tariffs with the European Union.<\/span>
\n Tuesday’s Key Earnings<\/strong>
\n AMD (NASDAQ:AMD) +5.9% AH on Computing and Graphics growth.
\n Boeing (NYSE:BA) -0.7% following a tanker writedown.
\n Coca-Cola (NYSE:KO) +1.8% boosted by organic sales.
\n Facebook (FB) -20.2% AH giving a grim forecast.
\n Fiat Chrysler (NYSE:FCAU) -11.8% reporting soft earnings.
\n Ford (NYSE:F) -3.6% AH cutting its profit guidance.
\n Freeport-McMoRan (NYSE:FCX) -1.3% lowering its cash flow outlook.
\n General Motors (NYSE:GM) -4.6% amid tariff pain.
\n Gilead Sciences (NASDAQ:GILD) -1.5% AH as its CEO stepped down.
\n Mondelez (NASDAQ:MDLZ) +4.8% AH on strong consumer appetite.
\n PayPal (NASDAQ:PYPL) -5.3% AH narrowly beating estimates.
\n Qualcomm (QCOM) +6.6% AH pursuing a major stock repurchase.
\n UPS (NYSE:UPS) +6.9% with rising online demand.
\n Visa (NYSE:V) -0.8% AH taking a litigation provision.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:30 Durable Goods
\n 8:30 International trade in goods
\n 8:30 Retail Inventories (Advance)
\n 8:30 Wholesale Inventories (Advance)
\n 8:30 Initial Jobless Claims
\n 10:30 EIA Natural Gas Inventory
\n 11:00 Kansas City Fed Mfg Survey
\n 1:00 PM Results of $30B, 7-Year Note Auction
\n 4:30 PM Money Supply
\n 4:30 PM Fed Balance Sheet<\/span><\/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\/Pacfic markets closed mixed. Japan, South Korea, Thailand and the Philippines moved up; Chian and Hong Kong were weak. Europe, Africa and the Middle East are currently mostly up. Denmark, Poland, Turkey, Germany, South Africa, Switzerland, Hungary, Spain, Italy and Sweden are up; Portugal is down. Futures in the States […]<\/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\/12031"}],"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=12031"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/12031\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}