{"id":12113,"date":"2018-08-17T07:25:27","date_gmt":"2018-08-17T12:25:27","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=12113"},"modified":"2018-08-17T07:25:27","modified_gmt":"2018-08-17T12:25:27","slug":"before-the-open-aug-17-8","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=12113","title":{"rendered":"Before the Open (Aug 17)"},"content":{"rendered":"

Good morning. Happy Friday. Happy Options Expiration Day. <\/span>
\n The Asian\/Pacific<\/strong> markets closed with a lean to the upside. Japan, Hong Kong, India, New Zealand and the Philippines did well; China and Indonesia were weak. Europe, Africa and the Middle East<\/strong> currently lean to the downside. Greece and Israel are up; Poland, Germany, Russia, the Netherlands, Italy and Portugal are down. Futures in the States<\/strong> point towards a moderate gap down open for the cash market. <\/span>
\n—————
\nHow Seinfeld Can Help You Trade Better<\/a>
\n—————<\/span>
\n The dollar is down. Oil is up; copper is up. Gold and silver are down. Bonds are up. <\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n Nvidia (NVDA -0.63%) dropped nearly 4% in pre-market trading after it reported Q2 revenue for cryptocurrency-specific products was only $18 million, well below its guidance of about $100 million, and then the CFO said, “we are now projecting no contributions from cryptocurrency going forward.”<\/span>
\n Applied Materials (AMAT -0.17%) slid almost 6% in pre0market trading after it forecast Q4 net sales of $3.85 billion to $4.15 billion, weaker than consensus of $4.45 billion.<\/span>
\n Micron Technology (MU -0.82%) lost 1% in pre-market trading after it was named in a class-action suit in the U.S. over alleged antitrust violations from 2016-2018 in the DRAM chip market.<\/span>
\n Fluor (FLR +1.16%) was upgraded to ‘Buy’ from ‘Hold’ at Canaccord Genuity with a price target of $63.<\/span>
\n Nordstrom (JWN +0.81%) rallied over 10% in after-hours trading after it reported Q2 total comparable sales rose +4.0%, well above expectations of +1.1%, and then raised its full-year comparable sales view to up +1.5% to +2.0% from a prior view of +0.5% to +1.5%.<\/span>
\n Walmart (WMT +9.33%) was downgraded to ‘Outperform’ from ‘Strong Buy’ at Raymond James.<\/span>
\n Dean Foods (DF +0.93%) was downgraded to ‘Underweight’ from ‘Neutral’ at JPMorgan Chase with a price target of $6.<\/span>
\n Adtalem Global Education (ATGE -0.54%) dropped almost 7% in after-hours trading after it reported Q4 revenue of $319.8 million, well below consensus of $352.7 million,<\/span>
\n Adecoagro (AGRO +0.12%) may move higher initially this morning after it reported Q2 adjusted Ebitda of $137 million, well above consensus of $58.6 million.<\/span>
\n Zoes’s Kitchen (ZOES +0.74%) fell almost 4% in after-hours trading after it postponed the release of its Q2 earnings until Friday.<\/span>
\n Boxlight (BOXL -1.21%) gained 4% in after-hours trading after it reported Q2 revenue jumped +61% y\/y to $9.7 million, better than consensus of $6.5 million.<\/span>
\n Accuray (ARAY +1.44%) jumped nearly 8% in after-hours trading after it forecast full-year revenue of $415 million to $425 million, stronger than consensus of $411.2 million.<\/span>
\n Thursday’s Key Earnings<\/strong>
\n Nvidia (NVDA) -10% AH on crypto-related OEM revenue drop.
\n Applied Materials (AMAT) -4.7% AH on Q3 report with downside guide, near-term customer spend warning.
\n Nordstrom (JWN) +9% AH on raising FY guidance.
\n voxeljet (NYSE:VJET) -13% AH on Q2 earnings miss.
\n Accuray (NASDAQ:ARAY) +7.8% AH on Q4 earnings.
\n Adtalem Global Education (NYSE:ATGE) -8.5% AH on Q2 earnings miss.
\n 21Vianet (NASDAQ:VNET) -6.3% AH on Q2 revenue miss and loss.
\n America’s Car-Mart (NASDAQ:CRMT) +6.2% AH on big Q2 earnings beat.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 10:00 Consumer Sentiment
\n 10:00 E-Commerce Retail Sales
\n 10:00 Leading Indicators
\n 1:00 PM Baker-Hughes Rig Count<\/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 Friday. Happy Options Expiration Day. The Asian\/Pacific markets closed with a lean to the upside. Japan, Hong Kong, India, New Zealand and the Philippines did well; China and Indonesia were weak. Europe, Africa and the Middle East currently lean to the downside. Greece and Israel are up; Poland, Germany, Russia, the Netherlands, […]<\/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\/12113"}],"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=12113"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/12113\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}