{"id":12245,"date":"2018-09-26T07:50:11","date_gmt":"2018-09-26T12:50:11","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=12245"},"modified":"2018-09-26T07:50:11","modified_gmt":"2018-09-26T12:50:11","slug":"before-the-open-sep-26-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=12245","title":{"rendered":"Before the Open (Sep 26)"},"content":{"rendered":"

Good morning. Happy Wednesday. Happy Fed Day. <\/span>
\n The Asian\/Pacific<\/strong> markets leaned to upside. China, Hong Kong and South Korea did well; the Philippines were weak. Europe, Africa and the Middle East<\/strong> currently lean to the downside. The UAE and Hungary are up; Denmark, Turkey, Russia, Finland, Norway and Israel are down. Futures in the States<\/strong> point towards a positive open for the cash market. <\/span>
\n—————
\n BLOG: <\/strong>MACD \u2013 Everything You Need to Know<\/a>
\n<\/span>
\n
\n BLOG: <\/strong>RSI \u2013 Everything You Need to Know<\/a>
\n—————<\/span>
\n The dollar is up. Oil is down; copper is up. Gold and silver are down. Bonds are up. <\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n International Business Machines (IBM -0.75%) was upgraded to ‘Buy’ from ‘Hold’ at UBS with a price target of $180.<\/span>
\n Burlington Stores (BURL +1.54%) was rated a new ‘Buy’ at D.A. Davidson with a price target of $187.<\/span>
\n PVH Corp (PVH -0.33%) was rated a new ‘Buy’ at D.A. Davidson with a price target of $167.<\/span>
\n TJX Cos (TJX +0.55%) was rated a new ‘Buy’ at D.A. Davidson with a price target of $130.<\/span>
\n Nike (NKE +0.62%) slid more than 3% in pre-market trading after it reported Q1 gross margin of +44.2%, below consensus of +44.3%.<\/span>
\n AAR Corp (AIR +2.31%) rose more than 4% in after-hours trading after it reported Q1 sales of $466.3 million, better than consensus of $453 million.<\/span>
\n Ross Stores (ROST +0.23%) was rated a new ‘Neutral’ at D.A. Davidson with a price target of $96.<\/span>
\n CyrusOne (CONE -0.90%) fell 4% in after-hours trading after it announced that it had commenced a public offering of 8 million shares of its common stock.<\/span>
\n Yelp (YELP +2.03%) was rated a new ‘Buy’ at William O’Neill & Co.<\/span>
\n KB Home (KBH -0.94%) climbed more than 3% in after-hours trading after it reported Q3 order growth of 3%, stronger than consensus of 1.2%. Lennar (@symbolPercentChange(LEN also moved up by 2% on the better-than-expected KB Home sales.<\/span>
\n Nielson Holdings PLC (NLSN +0.18%) gained 2% in after-hours trading on signs that Blackstone Group LP and Carlyle Group LP are both interested in purchasing Nielson.<\/span>
\n Verastem (VSTM -19.98%) jumped nearly 8% in after-hours trading after it received an upfront payment of $15 million and will receive additional payments of $30 million, plus potential sales milestone payments, after it signed a license pact with CSPC to develop and commercialize its COPIKTRA drug in China for treatment of patients with relapsed or refractory chronic lymphocytic leukemia.<\/span>
\n Tuesday’s Key Earnings<\/strong>
\n Nike (NKE) -2.8% PM despite Q1 earnings beat.
\n KB Home (NYSE:KBH) +8.1% PM on Q3 earnings beat.
\n Cintas (NASDAQ:CTAS) -2.8% AH despite Q1 earnings beat.
\n AAR Corporation (NYSE:AIR) +3.2% AH on Q1 earnings beat.<\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 7:00 MBA Mortgage Applications
\n 10:00 New Home Sales
\n 10:00 State Street Investor Confidence Index
\n 10:30 EIA Petroleum Inventories
\n 2:00 PM FOMC Announcement
\n 2:00 PM FOMC Forecast
\n 2:00 PM Chairman Press Conference<\/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. Happy Fed Day. The Asian\/Pacific markets leaned to upside. China, Hong Kong and South Korea did well; the Philippines were weak. Europe, Africa and the Middle East currently lean to the downside. The UAE and Hungary are up; Denmark, Turkey, Russia, Finland, Norway and Israel 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\/12245"}],"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=12245"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/12245\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}