{"id":12075,"date":"2018-08-14T07:36:09","date_gmt":"2018-08-14T12:36:09","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=12075"},"modified":"2018-08-14T07:36:09","modified_gmt":"2018-08-14T12:36:09","slug":"before-the-open-aug-14-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=12075","title":{"rendered":"Before the Open (Aug 14)"},"content":{"rendered":"

Good morning. Happy Tuesday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mixed. Japan, South Korea, India, Taiwan and Australia moved up; Hong Kong, Indonesia, Thailand and the Philippines moved down. Europe, Africa and the Middle East<\/strong> lean a little to the upside but are mostly unchanged. Turkey, Russia, Greece and Hungary are up; South Africa is down. Futures in the States<\/strong> point towards a moderate gap up open for the cash market. <\/span>
\n—————
\n ChartBook: <\/strong>List of ETFs<\/a>
\n—————<\/span>
\nThe dollar is down. Oil is up; copper is down. Gold and silver are up. Bonds are down. <\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n Alliance Data Systems (ADS -0.35%) was upgraded to ‘Overweight’ from ‘Neutral’ at JPMorgan Chase with a price target of $281.<\/span>
\n HCA Healthcare (HCA +0.37%) was rated a new ‘Overweight’ at Barclays with a price target of $150.<\/span>
\n Kaiser Aluminum (KALU -1.07%) was downgraded to ‘Sell’ from ‘Neutral’ at Goldman Sachs with a price target of $101.<\/span>
\n Paychex (PAYX +0.20%) was downgraded to ‘Underweight’ from ‘Neutral’ at JPMorgan Chase with a price target of $76.<\/span>
\n Chubb Ltd (CB -0.67%) was downgraded to ‘Sell’ from ‘Hold’ at Deutsche Bank with a price target of $126.<\/span>
\n DCP Midstream LP (DCP -1.41%) was upgraded to ‘Buy’ from ‘Hold’ at Stifel with a price target of $51.<\/span>
\n Yext (YEXT -0.79%) rose 3% in after-hours trading after it was rated a new ‘Buy’ at SunTrust Robinson Humphrey with a price target of $27.<\/span>
\n Veritone (VERI +7.63%) slumped almost 15% in after-hours trading after it reported Q2 gross margin of 80.3%, weaker than consensus of 88.2%.<\/span>
\n Switch (SWCH -0.64%) plunged more than 20% in after-hours trading after it reported Q2 revenue of $102.2 million, below consensus of $102.8 million, and then lowered its full-year revenue estimate to $405 million to $408 million from a prior view of $423 million to $440 million, weaker than consensus of $428.3 million.<\/span>
\n Vipshop Holdings Ltd (VIPS -1.42%) dropped nearly 9% in after-hours trading after it forecast Q3 revenue of 17.3 billion yuan to 18.1 billion yuan, below consensus of 18.76 billion yuan.<\/span>
\n Akebia Therapeutics (AKBA -2.49%) was rated a new ‘Outperform’ at Raymond James with a price target of $18.<\/span>
\n Gran Tierra Energy (GTE -4.20%) jumped almost 6% in after-hours trading after board member David Smith, bought 77,500 shares of the company’s stock on Friday at an average price of $3.39.<\/span>
\n Monday’s Key Earnings<\/strong>
\n YY Inc. (NASDAQ:YY) -7% AH on weak Q3 guidance.
\n Vipshop (NYSE:VIPS) -9% AH on earnings miss.
\n Huya Broadcasting (NYSE:HUYA) -3% AH on light revenue guidance.
\n Tidewater (NYSE:TDW) +3.9% AH on Q2 earnings.
\n Switch (NYSE:SWCH) -17.7% AH on Q2 miss, trimmed guidance.
\n Veritone (NASDAQ:VERI) -25% AH on earnings miss.<\/span><\/span><\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 6:00 NFIB Small Business Optimism Index
\n 8:30 Import\/Export Prices
\n 8:55 Redbook Chain Store Sales<\/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 mixed. Japan, South Korea, India, Taiwan and Australia moved up; Hong Kong, Indonesia, Thailand and the Philippines moved down. Europe, Africa and the Middle East lean a little to the upside but are mostly unchanged. Turkey, Russia, Greece and Hungary are up; South Africa is down. Futures […]<\/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\/12075"}],"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=12075"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/12075\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}