{"id":12179,"date":"2018-09-05T07:40:43","date_gmt":"2018-09-05T12:40:43","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=12179"},"modified":"2018-09-05T07:40:43","modified_gmt":"2018-09-05T12:40:43","slug":"before-the-open-sep-5-5","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=12179","title":{"rendered":"Before the Open (Sep 5)"},"content":{"rendered":"

Good morning. Happy Wednesday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly down with big losses. China, Hong Kong, South Korea, Indonesia, Singapore, Thailand and the Philippines all got hit hard. Europe, Africa and the Middle East<\/strong> are currently mostly down. Denmark, France, Germany, the UAE, South Africa, Saudi Arabia, Portugal, Israel and the Czech Republic are suffering stiff losses. Italy is up. Futures in the States<\/strong> point towards a moderate gap down open for the cash market. <\/span>
\n—————
\n List of Indexes and ETFs – <\/strong> here<\/a>
\n—————<\/span>
\n The dollar is up a small amount. Oil is down; copper is up. Gold and silver are up. Bonds are up. <\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n Golar LNG Partners LP (GMLP -0.81%) was downgraded to ‘Sell’ from ‘Hold’ at DNB Markets with a price target of $11.10.<\/span>
\n CSX Corp (CSX +0.92%) was downgraded to ‘Market Perform’ from ‘Outperform’ at BMO Capital Markets.<\/span>
\n Universal Display (OLED +1.72%) was rated a new ‘Buy’ at Citigroup with a price target of $153.<\/span>
\n Xylem (XYL -0.33%) was rated a new ‘Outperform’ at Raymond James with a price target of $90.<\/span>
\n Workday (WDAY +1.39%) slid nearly 3% in after-hours trading despite reporting Q2 revenue of $671.7 million, above consensus of $662.8 million.<\/span>
\n RH (RH -4.86%) jumped 6% in after-hours trading after it forecast full-year adjusted EPS of $7.35 to $7.75, well above consensus of $6.72.<\/span>
\n Coupa Software (COUP +0.40%) jumped 11% in after-hours trading after it reported Q2 revenue of $61.7 million, higher than consensus of $56.6 million, and then forecast Q3 revenue of $62 million to $63 million, stronger than consensus of $58.6 million.<\/span>
\n HealthEquity (HQY +0.28%) lost almost 4% in after-hours trading after it forecast full-year revenue of $279 million to $285 million, the midpoint below consensus of $282.6 million.<\/span>
\n Caleres (CAL -0.30%) dropped more than 10% in after-hours trading after it reported Q2 adjusted EPS of 59 cents, below consensus of 60 cents, and then forecast full-year adjusted EPS of $2.40 to $2.50, the midpoint below consensus of $2.48.<\/span>
\n PetIQ (PETQ +6.13%) fell 4% in after-hours trading after it filed to sell a $100 million mixed securities shelf.<\/span>
\n Agree Realty (ADC -0.82%) slid almost 3% in after-hours trading after it announced that it had commenced an underwritten public offering of 3.5 million shares of its common stock in connection with a forward sale agreement.<\/span>
\n Smartsheet (SMAR +6.63%) rose 4% in after-hours trading after it raised guidance on its full-year revenue estimate to $167 million to $169 million from a June 4 estimate of $159 million to $162 million, stronger than consensus of $161.3 million.<\/span>
\n Tilly’s (TLYS +6.89%) fell nearly 5% in after-hours trading after it announced that certain stockholders intend to offer 8.1 million shares of Class A common stock in a registered public offering.<\/span>
\n Sol-Gel Technologies Ltd (SLGL +2.23%) rallied almost 9% in after-hours trading after the FDA approved the company’s Phase 3 study for its TWIN drug in the treatment of acne vulgaris.<\/span>
\n Novus Therapeutics (NVUS -3.58%) fell more than 9% in after-hours trading after it announced that it had commenced an underwritten public offering of 6.0 million shares of its common stock.<\/span>
\n Tuesday’s Key Earnings<\/strong>
\n Workday (NYSE:WDAY) -2.4% AH despite Q3 beat, guidance raise.<\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 7:00 MBA Mortgage Applications
\n 8:30 International Trade
\n 8:55 Redbook Chain Store Sales
\n 9:20 Fed’s Bullard: U.S. Monetary and Economic Policy
\n 12:30 PM Fed’s Williams Speech
\n 4:00 PM Fed’s Kashkari speech
\n 6:30 PM Fed’s Bostic Speech<\/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 mostly down with big losses. China, Hong Kong, South Korea, Indonesia, Singapore, Thailand and the Philippines all got hit hard. Europe, Africa and the Middle East are currently mostly down. Denmark, France, Germany, the UAE, South Africa, Saudi Arabia, Portugal, Israel and the Czech Republic are suffering […]<\/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\/12179"}],"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=12179"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/12179\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}