{"id":12167,"date":"2018-08-29T07:38:07","date_gmt":"2018-08-29T12:38:07","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=12167"},"modified":"2018-08-29T07:38:07","modified_gmt":"2018-08-29T12:38:07","slug":"before-the-open-aug-29-8","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=12167","title":{"rendered":"Before the Open (Aug 29)"},"content":{"rendered":"

Good morning. Happy Wednesday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed with a lean to the upside. Japan, Hong Kong, South Korea, New Zealand, Taiwan and Australia posted gains; China and India were down. Europe, Africa and the Middle East<\/strong> are currently mixed and little changed. Russia and Israel are up; Poland, Turkey and Spain are down. Futures in the States<\/strong> point towards a slight positive open for the cash market. <\/span>
\n—————
\nBlog: <\/strong>Advice from Warren Buffett<\/a>
\n—————<\/span>
\n The dollar is up. Oil is up; copper is down. Gold and silver are down. Bonds are up. <\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n Royal Caribbean Cruises Ltd (RCL +0.14%) was upgraded to ‘Buy’ from ‘Hold’ at Deutsche Bank with a price target of $146.<\/span>
\n HP Enterprise (HPE +1.76%) rose nearly 3% in after-hours trading after it reported Q3 adjusted EPS of 44 cents, above consensus of 37 cents, and then raised guidance on full-year adjusted EPS to $1.50 to $1.55 from a prior view of $1.40 to $1.50.<\/span>
\n Instructure (INST +1.27%) was rated a new ‘Buy’ at D.A. Davidson & Co with a price target of $47.<\/span>
\n Roku (ROKU -1.73%) lost more than 1% in after-hours trading after The Information reported that Amazon is planning to start a free video service for the 48 million users of Fire TV streaming video service.<\/span>
\n Weight Watchers International (WTW +0.37%) was rated a new ‘Outperform’ at Oppenheimer with a price target of $98.<\/span>
\n Tilray (TLRY -3.63%) jumped 11% in after-hours trading after it reported Q2 revenue of $9.7 million, higher than consensus of $9.0 million.<\/span>
\n Shoe Carnival (SCVL +5.91%) rallied 7% in after-hours trading after it reported Q2 EPS of 76 cents, higher than consensus of 56 cents, and then forecast full-year EPS of $2.07 to $2.15 better than consensus of $2.05.<\/span>
\n Tailored Brands (TLRD +3.84%) dropped 6% in after-hours trading after President and COO Bruce Thorn resigned and CEO Doug Ewert said he will retire at the end of September.<\/span>
\n H&R Block (HRB -1.84%) rose more than 3% in after-hours trading after it reported Q1 revenue of $145.2 million, stronger than consensus of $137.7 million.<\/span>
\n Box Inc (BOX +2.35%) fell more than 3% in after-hours trading after it forecast Q3 revenue of $154 million to $155 million, the midpoint below consensus of $155 million.<\/span>
\n NCI Building Systems (NCS +0.32%) rallied 5% in after-hours trading after it reported Q3 adjusted Ebitda of $63.3 million, higher than consensus of $60.5 million, and then forecast Q4 adjusted Ebitda of $60 million to $70 million, the midpoint above consensus of $64.4 million.<\/span>
\n Centennial Resource Development (CDEV -0.63%) was rated a new ‘Overweight’ at Barclays with a price target of $24.<\/span>
\n Aviat Networks (AVNW +1.95%) rose 5% in after-hours trading after it reported Q4 revenue of $62.5 million versus $56.4 million y\/y, and then forecast 2019 revenue of $255 million to $265 million.<\/span>
\n Prospect Capital (PSEC -0.56%) gained 2% in after-hours trading after it reported Q4 net investment of 22 cents, above consensus of 20 cents.<\/span>
\n Affimed NV (AFMD +246.88%) climbed more than 5% in after-hours trading after surging more than 240% in Tuesday’s session after the company secured an initial $96 million payment in a pact to develop cancer therapies with Roche.<\/span>
\n Tuesday’s Key Earnings<\/strong>
\n Bank of Montreal (NYSE:BMO) +0.2% beating estimates.
\n Bank of Nova Scotia (NYSE:BNS) -1.7% posting a Q3 revenue miss.
\n Best Buy (NYSE:BBY) -5% expecting a comp growth slowdown.
\n Box (NYSE:BOX) -7.1% AH amid weak earnings guidance.
\n Hewlett Packard Enterprise (NYSE:HPE) +1.7% AH on revenue growth.<\/span><\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 7:00 MBA Mortgage Applications
\n 8:30 GDP Q2
\n 8:30 Corporate profits
\n 10:00 Pending Home Sales
\n 10:00 State Street Investor Confidence Index
\n 10:30 EIA Petroleum Inventories
\n 11:30 Results of $17B, 2-Year FRN Auction
\n 11:30 Results of $31B, 7-Year Note Auction
\n 3:00 PM Farm Prices<\/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 upside. Japan, Hong Kong, South Korea, New Zealand, Taiwan and Australia posted gains; China and India were down. Europe, Africa and the Middle East are currently mixed and little changed. Russia and Israel are up; Poland, Turkey and Spain are down. Futures […]<\/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\/12167"}],"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=12167"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/12167\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}