{"id":12044,"date":"2018-07-31T16:50:41","date_gmt":"2018-07-31T21:50:41","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=12044"},"modified":"2018-07-31T16:50:41","modified_gmt":"2018-07-31T21:50:41","slug":"before-the-open-jul-31-6","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=12044","title":{"rendered":"Before the Open (Jul 31)"},"content":{"rendered":"

Good morning. Happy Tuesday.<\/span>
\n Abbreviated Before the Open today because power went out where I am in Costa Rica. No power = no internet. <\/span>
\nOvernight Stock Movers<\/strong> from barchart.com…<\/span>
\n Illumina (ILMN -3.95%) rose nearly 7% in after-hours trading after it reported Q2 adjusted EPS of $1.43, well above consensus of $1.11 and then forecast full-year adjusted EPS of $5.35 to $5.45, higher than consensus of $4.87.<\/span>
\n Chipotle Mexican Grill (CMG -1.45%) fell almost 4% in after-hours trading after Business Insider reported that CMG closed a restaurant location in Powell, Ohio on Monday following reports of customers getting sick after eating there.<\/span>
\n Intel (INTC +0.02%) was upgraded to ‘Buy’ from ‘Hold’ at DZ Bank AG with a price target of $55.<\/span>
\n Texas Roadhouse (TXRH -2.61%) slumped 12% in after-hours trading after it reported Q2 EPS of 62 cents, below consensus of 67 cents.<\/span>
\n Varonis Systems (VRNS -5.21%) tumbled 13% in after-hours trading after it reported a Q2 adjusted loss per share of -8 cents, wider than consensus of -5 cents, and then forecast Q3 adjusted loss per share of -2 cents to up +1 cent, the midpoint below consensus of +0.9 cents.<\/span>
\n Allison Transmission Holdings (ALSN -0.45%) climbed almost 6% in after-hours trading after it reported Q2 net sales of $711 million, better than consensus of $655.3 million, and then raised its full-year sales increase estimate to up 15% to 18%, higher than an April estimate of up 10% to 14%.<\/span>
\n Medpace Holdings (MEDP -1.36%) rallied 8% in after-hours trading after it reported Q2 adjusted EPS of 67 cents, well above consensus of 42 cents, and then forecast full-year adjusted EPS of $2.51 to $2.62, higher than consensus of $1.93.<\/span>
\n Tribune Media (TRCO +1.57%) was rated a new ‘Outperform’ at Evercore ISI with a price target of $40.<\/span>
\n Electronics for Imaging (EFII +1.28%) fell 7% in after-hours trading after it reported Q2 adjusted EPS of 50 cents, weaker than consensus of 53 cents.<\/span>
\n Acadia Healthcare (ACHC -2.42%) slid 7% in after-hours trading after it forecast full-year adjusted EPS of $2.52 to $2.56, below consensus of $2.59.<\/span>
\n Rambus (RMBS -2.02%) fell more than 4% in after-hours trading after it forecast Q3 revenue of $45 million to $51 million, well below consensus of $99.6 million.<\/span>
\n MagnaChip Semiconductor (MX +0.45%) jumped +15% in after-hours trading after it reported Q2 revenue of $199.7 million, better than consensus of $185 million, and then forecast Q3 revenue of $200 million to $210 million, above consensus of $197.5 million.<\/span>
\n SunPower (SPWR -1.60%) rose 4% in after-hours trading after it reported a Q2 adjusted loss per share of -1 cent, narrower than consensus of -29 cents.<\/span>
\n AK Steel Holding (AKS +2.10%) dropped 6% in after-hours trading after it reported Q2 adjusted Ebitda of $148.4 million, below consensus of $161.1 million.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 10:00 Pending Home Sales
\n 10:30 Dallas Fed Manufacturing Survey
\n 3:00 PM Farm Prices<\/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. Abbreviated Before the Open today because power went out where I am in Costa Rica. No power = no internet.<\/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\/12044"}],"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=12044"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/12044\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}