{"id":12078,"date":"2018-08-15T07:48:19","date_gmt":"2018-08-15T12:48:19","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=12078"},"modified":"2018-08-15T07:48:19","modified_gmt":"2018-08-15T12:48:19","slug":"before-the-open-aug-15-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=12078","title":{"rendered":"Before the Open (Aug 15)"},"content":{"rendered":"

Good morning. Happy Wednesday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed with a lean to the downside. South Korea, India and Indonesia did well, but China, Japan, Hong Kong, Taiwan and Thailand were very weak. Europe, Africa and the Middle East<\/strong> are currently mostly down. The UK, Denmark, France, Germany, Turkey, Russia, South Africa, Finland, Norway, Spain, the Netherlands and Portugal are all down 1% or more. Futures in the States<\/strong> point towards a relatively big gap down open for the cash market. <\/span>
\n—————
\nBookmark this blog<\/a> for quick future reference.
\n—————<\/span>
\n The dollar is up a small amount. Oil and copper are down. Gold and silver are down. Bonds are up. <\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n Schnitzer Steel Industries (SCHN -2.25%) was downgraded to ‘Underweight’ from ‘Equal-Weight’ at Morgan Stanley with a price target of $26.<\/span>
\n Union Pacific (UNP +1.05%) was downgraded to ‘Hold’ from ‘Buy’ at Deutsche Bank.<\/span>
\n Nvidia (NVDA +2.07%) gained 1% in after-hours trading after it was upgraded by two levels to ‘Outperform’ from ‘Underperform’ at Wells Fargo Securities with a price target of $315.<\/span>
\n Energen (EGN +2.49%) rose more than 6% in after-hours trading after it was acquired by Diamondback Energy in a deal valued at $9.2 million. Diamondback Energy (FANG +1.43%) dropped 6% on the news.<\/span>
\n Norfolk Southern (NSC +0.63%) was upgraded to ‘Buy’ from ‘Hold’ at Deutsche Bank with a price target of $205.<\/span>
\n IntriCon (IIN +7.27%) fell 4% in after-hours trading after it announced that it intends to offer 1.5 million shares of its common stock in an underwritten public offering.<\/span>
\n PetIQ (PETQ +3.82%) jumped more than 12% in after-hours trading after it reported Q2 net sales of $171.1 million, higher than consensus of $148.4 million, and then boosted its 2018 net sales outlook to $500 million from a prior view of $450 million to $500 million.<\/span>
\n Carrizo Oil & Gas (CRZO +2.70%) slid 4% in after-hours trading after it announced that it had commenced an underwritten public offering of 9.5 million of shares of its common stock.<\/span>
\n Perspecta (PRSP -1.41%) climbed more than 5% in after-hours trading after it reported Q1 pro forma revenue rose +2% y\/y.<\/span>
\n Casa Systems (CASA -1.14%) plunged more than 20% in after-hours trading after it reported Q2 revenue of $68.7 million, well below consensus of $90.6 million, and then cut guidance on 2018 revenue to $330 million to $350 million from a May 10 view of $380 million to $395 million, weaker than consensus of $390.7 million.<\/span>
\n Tellurian (TELL +1.28%) was rated ‘Outperform’ at Baird with a price target of $15.<\/span>
\n ViewRay (VRAY -0.20%) lost nearly 3% in after-hours trading after it announced that it had commenced an underwritten public offering of $125 million of shares of its common stock.<\/span>
\n Strongbridge Biopharma PLC (SBBP +4.17%) dropped 7% in after-hours trading after it announced that it intends to offer 9 million shares of its common stock in an underwritten public offering.<\/span>
\n Tuesday’s Key Earnings<\/strong>
\n Agilent Technologies (NYSE:A) -2.3% AH on Q3 earnings.
\n Cree (NASDAQ:CREE) -2.2% AH on margin concerns.
\n Cytori Therapeutics (NASDAQ:CYTX) -7% AH on Q2 earnings miss.
\n Ecopetrol (NYSE:EC) +4.8% AH on Q2 earnings.
\n Neptune Technologies & Bioresources (NASDAQ:NEPT) -6.8% AH on revenue decline.<\/span><\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 7:00 MBA Mortgage Applications
\n 8:30 Retail Sales
\n 8:30 Empire State Mfg Survey
\n 8:30 Productivity and Costs
\n 9:15 Industrial Production
\n 10:00 Atlanta Fed’s Business Inflation Expectations
\n 10:00 Business Inventories
\n 10:00 NAHB Housing Market Index
\n 10:30 EIA Petroleum Inventories
\n 4:00 PM Treasury International Capital<\/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 Wednesday. The Asian\/Pacific markets closed with a lean to the downside. South Korea, India and Indonesia did well, but China, Japan, Hong Kong, Taiwan and Thailand were very weak. Europe, Africa and the Middle East are currently mostly down. The UK, Denmark, France, Germany, Turkey, Russia, South Africa, Finland, Norway, Spain, the […]<\/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\/12078"}],"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=12078"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/12078\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}