{"id":12125,"date":"2018-08-21T07:46:27","date_gmt":"2018-08-21T12:46:27","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=12125"},"modified":"2018-08-21T07:46:27","modified_gmt":"2018-08-21T12:46:27","slug":"before-the-open-aug-21-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=12125","title":{"rendered":"Before the Open (Aug 21)"},"content":{"rendered":"

Good morning. Happy Tuesday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed with a lean to the upside. China, Hong Kong, South Korea, Taiwan and Malaysia did well; Japan, Australia and the Philippines were weak. Europe, Africa and the Middle East<\/strong> are currently doing very well. Denmark, Poland, France, Turkey, Germany, Finland, Hungary, Spain, Italy and Austria are doing well; Greece is weak. Futures in the States<\/strong> point towards a positive open for the cash market. <\/span>
\n—————
\n ChartBook: <\/strong>List of ETFs<\/a>
\n—————<\/span>
\nThe dollar is down. Oil and copper are up. Gold and silver are up. Bonds are down. <\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n Apple (AAPL -0.97%) gained nearly 1% in pre-market trading after Bank of America\/Merrill Lynch reiterated its ‘Buy’ rating on the stock and raised their price target on Apple to $250 from $230.<\/span>
\n Discovery (DISCA +3.60%) was upgraded to ‘Buy’ from ‘Hold’ at Jeffries with a price target of $34.<\/span>
\n Ingersoll-Rand Plc (IR +0.02%) was rated a new ‘Overweight’ at Morgan Stanley with a price target of $111.<\/span>
\n MercadoLibre (MELI -1.37%) lost 1% in after-hours trading after it reported an $800 million convertible senior note offering.<\/span>
\n fLennox International (LII +1.19%) was rated a new ‘Underweight’ at Morgan Stanley with a price target of $201.<\/span>
\n Honeywell International (HON +0.19%) was rated a new ‘Overweight’ at Morgan Stanley with a price target of $175.<\/span>
\n Nordson (NDSN -0.22%) dropped nearly 9% in after-hours trading after it forecast Q4 EPS of $1.38 to $1.64, the midpoint below consensus of $1.53.<\/span>
\n Conagra Brands (CAG +0.08%) was rated a new ‘Overweight’ at Stephens with a price target of $45.<\/span>
\n Paylocity Holding (PCTY +1.07%) was rated a new ‘Buy’ at Guggenheim Securities with a price target of $80.<\/span>
\n Fabrinet (FN +0.78%) climbed more than 6% in after-hours trading after it reported Q4 revenue of $345.3 million, above consensus of $338.0 million, and then forecast Q1 revenue of $347 million to $355 million, the midpoint above consensus of $348.3 million.<\/span>
\n Workday (WDAY +0.45%) was upgraded to ‘Buy’ from suspended coverage at Guggenheim Securities with a price target of $175.<\/span>
\n Jeffries Financial Group (JEF) was rated a new ‘Outperform’ at Keefe, Bruyette & Woods with a price target of $29.<\/span>
\n Appian (APPN +0.11%) slid more than 2% in after-hours trading after it announced the launch of a proposed underwritten public offering of 2.0 million shares of its Class A common stock, of which 1.675 million are being offered by Appian and 325,000 shares are being offered by existing stockholders of Appian.<\/span>
\n Vital Therapies (VTL unch) gained more than 2% in after-hours trading after it was rated a new ‘Overweight’ at Cantor Fitzgerald with a price target of $18.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:55 Redbook Chain Store Sales<\/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 with a lean to the upside. China, Hong Kong, South Korea, Taiwan and Malaysia did well; Japan, Australia and the Philippines were weak. Europe, Africa and the Middle East are currently doing very well. Denmark, Poland, France, Turkey, Germany, Finland, Hungary, Spain, Italy and Austria are doing […]<\/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\/12125"}],"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=12125"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/12125\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}