{"id":12128,"date":"2018-08-22T07:35:00","date_gmt":"2018-08-22T12:35:00","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=12128"},"modified":"2018-08-22T07:35:00","modified_gmt":"2018-08-22T12:35:00","slug":"12128","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=12128","title":{"rendered":"Before the Open (Aug 22)"},"content":{"rendered":"

Good morning. Happy Wednesday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly up. Japan, Hong Kong, New Zealand, Malaysia, Indonesia and the Philippines did well; China was weak. Europe, Africa and the Middle East<\/strong> are split and little changed. Poland, Turkey and South Africa are up; Russia and Hungary are down. Futures in the States<\/strong> point towards a down open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>To Confirm a Rally Attempt…<\/a>
\n—————<\/span>
\nThe dollar is down. Oil is up; copper is flat. Gold and silver are up. Bonds are up. <\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n Public Storage (PSA -0.73%) was downgraded to ‘Sell’ from ‘Neutral’ at Goldman Sachs with a price target of $198.<\/span>
\n Target (TGT -0.06%) jumped more than 5% in pre-market trading after it reported Q2 adjusted EPS of $1.47, better than consensus of $1.40, and then forecast full-year adjusted EPS of $5.30 to $5.50, above consensus of $5.29.<\/span>
\n Keysight Technologies (KEYS +0.42%) jumped more than 12% in after-hours trading after it reported Q3 adjusted revenue of $1.01 billion, above consensus of $963.2 million, and then forecast Q4 adjusted revenue of $1.00 billion to $1.02 billion, stronger than consensus of $984.2 million.<\/span>
\n Urban Outfitters (URBN +0.48%) rose more than 3% in after-hours trading after it reported Q2 net sales of $992.5 million, higher than consensus of $980 million.<\/span>
\n Jack Henry (JKHY -0.27%) may move higher initially this morning after it reported Q4 EPS of $11.0, better than consensus of 94 cents.<\/span>
\n ScanSource (SCSC +2.59%) rallied 5% in after-hours trading after it acquired Canpango.<\/span>
\n Myriad Genetics (MYGN +2.19%) climbed nearly 4% in after-hours trading after it reported Q4 adjusted EPS of 38 cents, higher than consensus of 33 cents.<\/span>
\n Red Robin Gourmet Burgers (RRGB +1.26%) slid more than 3% in after-hours trading after it reported Q2 adjusted EPS of 46 cents, below consensus of 49 cents.<\/span>
\n Cardiovascular Systems (CSII +1.14%) was rated a new ‘Buy’ at Stifel with a price target of $45.<\/span>
\n La-Z-Boy (LZB +2.16%) rallied more than 17% in after-hours trading after it reported Q1 sales of $384.7 million, higher than expectations of $370.5 million.<\/span>
\n Pure Storage (PSTG +1.01%) jumped 8% in after-hours trading after it reported Q2 revenue of $308.9 million, higher than consensus of $301.2 million, and then forecast Q3 revenue of $361 million to $369 million, the midpoint higher than consensus of $363.1 million.<\/span>
\n Super Micro Computer (SMCI -3.17%) plunged more than 18% in after-hours trading after it said it will be unable to meet the Aug 24 deadline date to regain compliance with the Nasdaq Stock Market on several accounting judgements and that it expects its stock will soon be suspended from trading.<\/span>
\n Ferroglobe PLC (GSM +1.00%) dropped more than 4% in after-hours trading after it reported Q2 adjusted Ebitda of $86.3 million, weaker than consensus of $93.1 million.<\/span>
\n Ocular Therapeutics (OCUL +1.16%) rose almost 4% in after-hours trading after a SEC filing showed CEO Mattessich bought $119,000 in shares of the company’s stock Monday at an average price of $5.95.<\/span>
\n Tuesday’s Key Earnings<\/strong>
\n J. M. Smucker (NYSE:SJM) -6.6% following light revenues.
\n Kohl’s (NYSE:KSS) +1.7% after Q2 beat, lifting guidance.
\n Medtronic (NYSE:MDT) +5.7% on cardiac, diabetes business.
\n TJX Companies (NYSE:TJX) +4.7% dazzling with comparable sales.<\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 7:00 MBA Mortgage Applications
\n 10:00 Existing Home Sales
\n 10:30 EIA Petroleum Inventories
\n 2:00 PM FOMC minutes<\/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 mostly up. Japan, Hong Kong, New Zealand, Malaysia, Indonesia and the Philippines did well; China was weak. Europe, Africa and the Middle East are split and little changed. Poland, Turkey and South Africa are up; Russia and Hungary are down. Futures in the States point towards a […]<\/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\/12128"}],"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=12128"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/12128\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}