{"id":12279,"date":"2018-10-03T07:47:21","date_gmt":"2018-10-03T12:47:21","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=12279"},"modified":"2018-10-03T07:47:21","modified_gmt":"2018-10-03T12:47:21","slug":"before-the-open-oct-3-8","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=12279","title":{"rendered":"Before the Open (Oct 3)"},"content":{"rendered":"

Good morning. Happy Wednesday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mixed. Japan, South Korea, India and Singapore did well while China, Hong Kong and the Philippines were weak. Europe, Africa and the Middle East<\/strong> are currently mostly up. Germany and Greece are weak, but the UK, Poland, France, Russia, Finland, Switzerland, Hungary, Spain, Italy, Belgium, Sweden and the Czech Republic are doing well. Futures in the States<\/strong> point towards a moderate gap up 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 a small amount. Oil and copper are up. Gold is flat; silver is up. Bonds are down.<\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n Axos Financial (AX unch) was upgraded to ‘Strong Buy’ from ‘Outperform’ at Ramond James with a price target of $46.<\/span>
\n Valvoline (VVV +0.63%) was rated a new ‘Buy’ at Jeffroes with a price target of $27.<\/span>
\n Diamondback Energy (FANG +0.18%) was rated a new ‘Outperform’ at Oppenheimer with a price target of $166.<\/span>
\n Temper Sealy International (TPX -1.87%) rallied 9% in after-hours trading after Reuters reported that competitor Mattress Firm is preparing a bankruptcy filing as early as this week. Sleep Number (SNBR -1.64%) gained 0.5% on the news as well.<\/span>
\n Healthcare Services Group (HCSG -0.47%) was rated a new ‘Overweight’ at Stephens with a price target of $54.<\/span>
\n General Motors (GM -2.63%) was upgraded to ‘Outperform’ from ‘Peer Perform’ at Wolfe Research with a price target of $50.<\/span>
\n Twilio (TWLO -4.99%) was rated a new ‘Buy’ at D.A. Davidson.<\/span>
\n AutoNation (AN -2.22%) was downgraded to ‘Underperform’ from ‘Peer Perform’ at Wolfe Research with a price target of $37.<\/span>
\n Ultralife (ULBI +2.94%) jumped 11% in after-hours trading after it won a contract valued at about $10.9 million to supply vehicle amplifier-adaptors and mounted power amplifiers to Thales Defense & Security.<\/span>
\n Veritex Holdings (VBTX -0.68%) was rated a new ‘Outperform’ at Raymond James with a price target of $33.<\/span>
\n Epizyme (EPZM -6.99%) lost almost 4% in after-hours trading after it announced that it intends to offer and sell shares of its common stock in an underwritten public offering, although no size or terms were given.<\/span>
\n Government Properties Income Trust (GOV -1.56%) slid more than 3% in after-hours trading after it announced that it had begun a registered public offering of 24.9 million shares of Select Income REIT.<\/span>
\n Kala Pharmaceuticals (KALA -3.63%) tumbled 8% in after-hours trading after it announced that it had commenced an underwritten public offering of 7.5 million shares of its common stock.<\/span>
\n DavidsTea (DTEA +63.14%) plunged 20% in after-hours trading when the company released a statement that said it is not aware of any corporate development or other reason for recent market activity, such as Tuesday’s 63% surge.<\/span>
\n J.C. Penney (JCP -8.24%) rallied 9% in after-hours trading after it named Jill Soltau, recent president and CEO of Joann Stores, to be CEO of JCP effective from October 15.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 6:30 Fed’s Evans: Economic Outlook
\n 7:00 MBA Mortgage Applications
\n 8:05 Fed’s Barkin: \u201cThe Outlook for Tomorrow: Five Numbers to Watch\u201d
\n 8:15 ADP Jobs Report
\n 9:45 PMI Services Index
\n 10:00 ISM Non-Manufacturing Index
\n 10:30 EIA Petroleum Inventories
\n 12:00 PM Fed’s Harker Speech
\n 1:00 PM Fed’s Reserve Gov. Lael Brainard:\u201dPayment System\u201d
\n 2:15 PM Fed’s Mester speech
\n 4:00 PM Jerome Powell Speech
\n 8:00 PM Fed’s Kaplan speech<\/span><\/span><\/span><\/span><\/span><\/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 mixed. Japan, South Korea, India and Singapore did well while China, Hong Kong and the Philippines were weak. Europe, Africa and the Middle East are currently mostly up. Germany and Greece are weak, but the UK, Poland, France, Russia, Finland, Switzerland, Hungary, Spain, Italy, Belgium, Sweden and […]<\/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\/12279"}],"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=12279"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/12279\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}