{"id":12170,"date":"2018-08-30T07:41:04","date_gmt":"2018-08-30T12:41:04","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=12170"},"modified":"2018-08-30T07:41:04","modified_gmt":"2018-08-30T12:41:04","slug":"before-the-open-aug-30-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=12170","title":{"rendered":"Before the Open (Aug 30)"},"content":{"rendered":"

Good morning. Happy Thursday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed with a lean to the downside. China, Hong Kong and Indonesia each dropped more than 1%. Europe, Africa and the Middles East<\/strong> are currently mostly weak. The UK, Poland, France, Germany, Turkey, South Africa, Spain and Saudi Arabia are posting the biggest losses. Futures in the States<\/strong> point towards a down open for the cash market. <\/span>
\n—————
\nBlog: <\/strong>Advice from Warren Buffett<\/a>
\n—————<\/span>
\n The dollar is flat. Oil is up; copper is down. Gold and silver are flat. Bonds are up. <\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n Campbell Soup (CPB +0.40%) fell 5% in pre-market trading after it reported Q4 net sales of $2.22 billion, weaker than consensus of $2.24 billion, and after it forecast full-year adjusted EPS of $2.45 to $2.53, well below consensus of $2.67.<\/span>
\n Genesco (GCO +1.53%) was upgraded to ‘Buy’ from ‘Hold’ at Pivotal Research Group LLC with a price target of $54.<\/span>
\n PayPal (PYPL +2.22%) was rated a new ‘Buy’ at Berenberg with a price target of $104.<\/span>
\n Salesforce.com (CRM +1.18%) slid almost 2% in after-hours trading after it reported Q2 billings growth of +24.4%, weaker than consensus of +25.3%.<\/span>
\n Textron (TXT +0.27%) was rated a new ‘Overweight’ at Alembic Global with a price target of $82.<\/span>
\n PVH Corp (PVH +0.47%) lost more than 1% in after-hours trading after it forecast Q3 adjusted EPS of $3.10 to $3.13, the midpoint below consensus of $3.13.<\/span>
\n Grief (GEF +1.25%) may move higher initially this morning after it reported Q3 adjusted EPS of $1.20, higher than consensus of $1.08, and then forecast full-year adjusted EPS of $3.53 to $3.69, the midpoint above consensus of $3.57.<\/span>
\n Semtech (SMTC unch) rose 6% in after-hours trading after it reported Q2 adjusted EPS of 55 cents, better than consensus of 54 cents, and then forecast Q3 adjusted EPS of 58 cents to 64 cents, the midpoint above consensus of 60 cents.<\/span>
\n Guess? (GES -0.99%) climbed more than 6% in after-hours trading after it reported Q2 adjusted EPS of 36 cents, higher than consensus of 32 cents, and then forecast full-year EPS of 94 cents to $1.03, the midpoint above consensus of 98 cents.<\/span>
\n At Home Group (HOME +0.70%) lost 1% in after-hours trading after it reported Q2 comparable sales were up +2.8%, weaker than consensus of +3.1%.<\/span>
\n Tilly’s (TLYS +1.18%) jumped almost 10% in after-hours trading after it reported Q2 adjusted EPS of 29 cents, better than consensus of 26 cents.<\/span>
\n Net 1 UEPS Technologies (UEPS -1.46%) tumbled nearly 13% in after-hours trading after it reported Q4 preliminary fundamental EPS of 22 cents, weaker than consensus of 27 cents, and then forecast fiscal 2019 fundamental EPS of at least $1.05, below consensus of $1.35.<\/span>
\n Wednesday’s Key Earnings<\/strong>
\n American Eagle (NYSE:AEO) -6.5% despite strong comparable sales.
\n Brown-Forman (NYSE:BF.A) +0.1% amid retaliatory EU tariffs.
\n Dick’s Sporting Goods (NYSE:DKS) -2.2% on gun policy, Under Armour weakness.
\n Salesforce.com (NYSE:CRM) -4.1% AH giving a soft outlook.<\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:30 Initial Jobless Claims
\n 8:30 Personal Income and Outlays
\n 10:30 EIA Natural Gas Inventory
\n 4:30 PM Money Supply
\n 4:30 PM Fed Balance Sheet<\/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 Thursday. The Asian\/Pacific markets closed with a lean to the downside. China, Hong Kong and Indonesia each dropped more than 1%. Europe, Africa and the Middles East are currently mostly weak. The UK, Poland, France, Germany, Turkey, South Africa, Spain and Saudi Arabia are posting the biggest losses. 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\/12170"}],"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=12170"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/12170\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}