{"id":12196,"date":"2018-09-12T07:46:05","date_gmt":"2018-09-12T12:46:05","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=12196"},"modified":"2018-09-12T07:46:05","modified_gmt":"2018-09-12T12:46:05","slug":"before-the-open-sep-12-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=12196","title":{"rendered":"Before the Open (Sep 12)"},"content":{"rendered":"

Good morning. Happy Wednesday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed with a lean to the downside. India, Singapore and Thailand closed up; Japan, China, Hong Kong, Malaysia, Indonesia and the Philippines closed down. Europe, Africa and the Middle East<\/strong> are currently mixed. Denmark, France, Turkey, Russia, Norway, Austria and the Czech Republic are up; Poland, the UAE, Kenya, Hungary and Saudi Arabia are down. Futures in the States<\/strong> point towards a flat open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>Trading ZUO, ZS and DOCU with Multiple Time Frames and Technical Indicators<\/a>
\n—————<\/span>
\n The dollar is down slightly. Oil and copper are up. Gold and silver are down. Bonds are up. <\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n Chevron (CVX +0.47%) was upgraded to ‘Buy’ from ‘Hold’ at HSBC with a price target of $139.<\/span>
\n Tiffany (TIF -0.76%) was upgraded to ‘Outperform’ from ‘Market Perform’ at Oppenheimer with a price target of $152.<\/span>
\n Acuity Brands (AYI +2.10%) was downgraded to ‘Sell’ from ‘Neutral’ at Goldman Sachs with a price target of $126.<\/span>
\n NXP Semiconductors NV (NXPI -4.39%) was downgraded to ‘Sell’ rom ‘Hold’ at Stifel.<\/span>
\n Alcoa (AA -2.71%) was upgraded to ‘Buy’ from ‘Neutral’ at B Riley FBR with a price target of $50.<\/span>
\n Intuit (INTU +0.58%) was rated a new ‘Buy’ at William O’Neill & Co Incorporated.<\/span>
\n Gilead Sciences (GILD -0.39%) gained almost 3% in after-hours trading after it announced along with Galapagos NV that its Filgotinib drug met primary and all key secondary endpoints in a Phase 3 study of patients with Rheumatoid Arthritis.<\/span>
\n WellCare Health Plans (WCG +0.52%) may initially open higher this morning when it was announced in after-hours trading Tuesday that it will replace XL Group in the S&P 500 prior to the open of trading on Monday, September 17.<\/span>
\n First Republic Bank (FRC +0.63%) may initially open lower this morning after it announced in after-hours trading Tuesday that it will sell 2.0 million shares of its common stock in an underwritten public offering.<\/span>
\n Cadence Bancorp (CADE -0.65%) lost 1% in after-hours trading after it announced the commencement of a registered public secondary offering of 12.1 million shares of its Class A common stock.<\/span>
\n Farmer Brothers (FARM +1.25%) fell nearly 4% in after-hours trading after it reported Q4 net sales of $149.5 million, weaker than consensus of $152.7 million.<\/span>
\n PGT Innovations (PGTI -0.57%) dropped 5% in after-hours trading after it filed a shelf registration to sell its common stock at any time in one or more offerings.<\/span>
\n U.S. Silica Holdings (SLCA) rose more than 3% in after-hours trading after it announced a supply accord with Pioneer Natural Resources where Pioneer will purchase an interest in U.S. Silica’s sand reserves at its Lamesa, TX mine and U.S. Silica will process and supply sand to Pioneer for 15 years.<\/span>
\n Annaly Capital Management (NLY -0.29%) slid more than 2% in after-hours trading after it announced that it intends to make a public offering of 75 million shares of its common stock.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 7:00 MBA Mortgage Applications
\n 8:30 Producer Price Index
\n 10:00 Atlanta Fed’s Business Inflation Expectations
\n 10:30 EIA Petroleum Inventories
\n 12:45 PM Fed’s Reserve Gov. Lael Brainard: Economic and Monetary Policy Outlook
\n 1:00 PM Results of $23B, 10-Year Note Auction
\n 2:00 PM Fed’s Beige Book<\/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 downside. India, Singapore and Thailand closed up; Japan, China, Hong Kong, Malaysia, Indonesia and the Philippines closed down. Europe, Africa and the Middle East are currently mixed. Denmark, France, Turkey, Russia, Norway, Austria and the Czech Republic are up; Poland, the UAE, […]<\/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\/12196"}],"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=12196"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/12196\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}