{"id":12139,"date":"2018-08-24T07:45:00","date_gmt":"2018-08-24T12:45:00","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=12139"},"modified":"2018-08-24T07:45:00","modified_gmt":"2018-08-24T12:45:00","slug":"before-the-open-aug-24-8","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=12139","title":{"rendered":"Before the Open (Aug 24)"},"content":{"rendered":"

Good morning. Happy Friday. <\/span>
\n The Asian\/Pacific<\/strong> markets were quiet and mixed. Japan and South Korea moved up; Taiwan, Singapore and the Philippines moved down. Europe, Africa and the Middle East<\/strong> currently lean to the upside. Denmark, Turkey, Russia, South Africa, Italy, Belgium and Israel are up; Greece and Kenya are down. Futures in the States<\/strong> point towards a positive open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>To Confirm a Rally Attempt…<\/a>
\n—————<\/span>
\n The 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 Netflix (NFLX -1.53%) gained more thn 1% in pre-market trading after it was upgraded to ‘Buy’ from ‘Hold’ at Suntrust Robinson Humphrey.<\/span>
\n Hormel Foods (HRL -3.06%) was downgraded to ‘Equal-Weight’ from ‘Oveweight’ at Barclays.<\/span>
\n Arista Networks (ANET +1.89%) may move higher initially this morning after it was announced that it will replace GGP Inc in the S&P 500 effective prior to the opening of trading on Tuesday, August 28.<\/span>
\n Autodesk (ADSK -0.46%) climbed nearly 7& in after-hours trading after it reported Q2 adjusted EPS of 19 cents, above consensus of 16 cents, and then forecast full-year adjusted EPS of 87 cents to 95 cents, the midpoint higher than consensus of 90 cents.<\/span>
\n Intuit (INTU +1.32%) fell almost 3% in after-hours trading after it forecast Q1 adjusted EPS of 9 cents to 11 cents, weaker than consensus of 15.7 cents.<\/span>
\n Veeva (VEEV +0.60%) rose almost 3% in after-hours trading after it reported Q2 adjusted EPS of 39 cents, better than consensus of 34 cents, and then forecast full-year adjusted EPS of $1.47 to $1.48, stronger than consensus of $1.37.<\/span>
\n Splunk (SPLK +0.81%) jumped over 9% in after-hours trading after it reported Q2 revenue of $388.3 million, higher than consensus of $358.5 million, and then forecast Q3 revenue of $430 million to $432 million, above consensus of $427.6 million.<\/span>
\n Ross Stores (ROST +1.73%) fell nearly 5% in after-hours trading after it forecast Q3 EPA of 84 cents to 88 cents, the midpoint below consensus of 88 cents.<\/span>
\n HP Inc (HPQ +0.57%) reported Q3 adjusted EPS of 52 cents, above consensus of 51 cents, and then raised guidance on fiscal 2018 adjusted EPS to $2.00 to $2.03 from a May 29 view of $1.97 to $2.02, above consensus of $2.00.<\/span>
\n The Gap (GPS +0.71%) dropped 7% in after-hours trading after it said Q2 Gap global comparable store sales fell -5.0%, weaker than consensus of -2.3%.<\/span>
\n Immunomedics (IMMU -3.24%) slid nearly 3% in after-hours trading after it reported a Q4 loss of -68 cents per share, wider than consensus of -22 cents.<\/span>
\n Rosehill Resources (ROSEU -3.94%) was rated a new ‘Buy’ at Stifel with a price target of $14.<\/span>
\n New York & Co. (NWY +1.18%) gained 2% in after-hours trading after it reported Q2 comparable store sales rose +0.6% and gross margin improved 150 bps to 32.1%.<\/span>
\n Thursday’s Key Earnings<\/strong>
\n HP (NYSE:HPQ) -2.4% on narrow Q2 revenue beat, in-line guidance.
\n VMware (NYSE:VMW) -3.4% AH despite Q2 beat.
\n Splunk (NASDAQ:SPLK) +7.7% AH on Q2 beat and upside revenue guidance.
\n Ross Stores (NASDAQ:ROST) -5% AH on Q2 margins compression.
\n Autodesk (NASDAQ:ADSK) +7.8% AH on raising FY guidance.
\n Veeva Systems (NYSE:VEEV) -0.8% AH on Q2 beat and upside guidance.
\n The Gap (NYSE:GPS) -7% AH despite Q2 earnings beat.
\n Intuit (NASDAQ:INTU) -3% AH on downside guidance, CEO leaving role.
\n Immunomedics (NASDAQ:IMMU) -2.1% AH on Q4 earnings, CFO resignation.
\n Global Cord Blood (NYSE:CO) +2.2$ AH on Q1 growth.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n Jackson Hole Annual Economic Symposium
\n 8:30 Durable Goods
\n 10:00 Fed’s Powell: \u201cMonetary Policy in a Changing Economy\u201d
\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. The Asian\/Pacific markets were quiet and mixed. Japan and South Korea moved up; Taiwan, Singapore and the Philippines moved down. Europe, Africa and the Middle East currently lean to the upside. Denmark, Turkey, Russia, South Africa, Italy, Belgium and Israel are up; Greece and Kenya are down. Futures in the States […]<\/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\/12139"}],"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=12139"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/12139\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}