{"id":12266,"date":"2018-09-28T07:44:55","date_gmt":"2018-09-28T12:44:55","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=12266"},"modified":"2018-09-28T07:44:55","modified_gmt":"2018-09-28T12:44:55","slug":"before-the-open-sep-28-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=12266","title":{"rendered":"Before the Open (Sep 28)"},"content":{"rendered":"

Good morning. Happy Friday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed with a lean to the downside. Japan, China, New Zealand, Indonesia and Singapore closed up; South Korea, India and Poland closed down. Europe, Africa and the Middle East<\/strong> are currently mostly down. Spain and Italy are getting crushed; the UK, Poland, France, Germany, Greece, South Africa, Finland, Belgium, Portugal and Austria are also weak. The UAE is up. Futures in the States<\/strong> point towards a relatively big gap down 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
\n BLOG: <\/strong>Stochastic \u2013 Everything You Need to Know<\/a>
\n—————<\/span>
\n The dollar is up. Oil and copper are flat. Gold is flat; silver is up. Bonds are up. <\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n Tesla (TSLA -0.67%) dropped 11% in pre-market trading after the SEC accused CEO Elon Musk of misleading investors when he tweeted that he had funding lined up to take Tesla private. Tesla was then downgraded to ‘Sell’ from ‘Neutral’ at Citibank with a price target of $225.<\/span>
\n Phillips 66 Partners Lp (PSXP +1.35%) was downgraded to ‘Underweight’ from ‘Equal Weight’ at Morgan Stanley with a price target of $50.<\/span>
\n Lowe’s (LOW -0.25%) was upgraded to ‘Buy’ from ‘Hold’ at SunTrust Robinson Humphrey with a price target of $138.<\/span>
\n Raytheon (RTN +0.34%) was awarded a $482.3 million contract from the U.S. Navy that runs through Aril 2024 for MK 15 Close-In Weapon System upgrades and conversions, system overhauls and associated hardware.<\/span>
\n General Dynamics (GD +0.11%) was awarded a $4.03 billion contract from the U.S. Navy that runs through Mar 2018 for construction of additional DDG 51 class ships.<\/span>
\n Progress Software (PRGS +1.92%) tumbled 15% in after-hours trading after it forecast full-year adjusted EPS of $2.45 to $2.48, weaker than consensus of $2.50.<\/span>
\n HCP Inc (HCP +0.35%) was upgraded to ‘Overweight’ from ‘Neutral’ at Cantor Fitzgerald with a price target of $29.<\/span>
\n CalAmp (CAMP -1.20%) rose 7% in after-hours trading after it reported Q2 adjusted EPS of 31 cents, higher than consensus of 28 cents.<\/span>
\n Natera (NTRA -10.65%) was reiterated an ‘Overweight’ at Morgan Stanley who raised their price target on the stock to $41.<\/span>
\n Great Lakes Dredge & Dock (GLDD unch) rose more than 2% in after-hours trading after it announced that it had won a $113 million contract for deepening of Jacksonville, Florida’s harbor.<\/span>
\n TherapeuticsMD (TXMD -1.34%) climbed more than 3% in after-hours trading after it said it had entered into discussions with the FDA on the proposed label for its bio-identical hormone therapy TX-001HR.<\/span>
\n Zynga (ZNGA +0.25%) gained 2% in after-hours trading after it was rated a new ‘Buy’ at Stifel with a price target of $5.<\/span>
\n Thursday’s Key Earnings<\/strong>
\n CalAmp (NASDAQ:CAMP) +7.6% AH on Q2 earnings beat.
\n Progress Software (NASDAQ:PRGS) -13.6% AH on mixed Q3 and downward Q4 guidance.
\n iKang Healthcare (NASDAQ:KANG) +0.3% AH on Q1 revenue growth.<\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:30 Personal Income and Outlays
\n 9:45 Chicago PMI
\n 10:00 Consumer Sentiment
\n 1:00 PM Baker-Hughes Rig Count
\n 4:45 PM Fed’s Williams: Economic Outlook<\/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 Friday. The Asian\/Pacific markets closed with a lean to the downside. Japan, China, New Zealand, Indonesia and Singapore closed up; South Korea, India and Poland closed down. Europe, Africa and the Middle East are currently mostly down. Spain and Italy are getting crushed; the UK, Poland, France, Germany, Greece, South Africa, Finland, […]<\/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\/12266"}],"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=12266"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/12266\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}