{"id":12282,"date":"2018-10-04T07:51:03","date_gmt":"2018-10-04T12:51:03","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=12282"},"modified":"2018-10-04T07:51:03","modified_gmt":"2018-10-04T12:51:03","slug":"before-the-open-oct-4-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=12282","title":{"rendered":"Before the Open (Oct 4)"},"content":{"rendered":"

Good morning. Happy Thursday. <\/span>
\n Most of the Asian\/Pacific<\/strong> markets are suffering big losses. China is up, but Hong Kong, South Korea, India, Taiwan, Indonesia, Singapore and the Philippines dropped at least 1%. Europe, Africa and the Middle East<\/strong> are currently mostly down. Greece is up, but the UK, Denmark, France, Turkey, Israel and Sweden are down 1% or more. Futures in the States<\/strong> point towards a moderate gap down open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>State of the Market<\/a>
\n—————<\/span>
\n The dollar is up. Oil is down; copper is up. Gold and silver are up. Bonds are down. <\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n International Business Machines (IBM -0.34%) was rated a new ‘Sell’ at MoffetNathanson with a price target of $150.<\/span>
\n AMC Networks (AMCX +1.36%) was downgraded to ‘Sell’ from ‘Neutral’ at Goldman Sachs with a price target of $61.<\/span>
\n Chipotle Mexican Grill (CMG +0.02%) was rated a new ‘Overweight’ at KeyBanc Capital Markets with a price target of $500.<\/span>
\n McDonald’s (MCD -0.31%) was rated a new ‘Overweight’ at KeyBanc Capital Markets with a price target of $185.<\/span>
\n SYNNEX (SNX +1.32%) fell more than 4% in after-hours trading after it forecast Q4 adjusted EPS of $2.90 to $3.10, the midpoint below consensus of $3.07.<\/span>
\n Innovative Industrial Properties (IIPR -6.68%) dropped almost 7% in after-hours trading after it announced that it had commenced a public offering of 2 million shares of its common stock.<\/span>
\n Starbucks (SBUX -0.22%) was rated a new ‘Overweight’ at KeyBanc Capital Markets with a price target of $65.<\/span>
\n Rudolph Technologies (RTEC -0.58%) tumbled nearly 12% in after-hours trading after it lowered its Q3 adjusted EPS outlook to 22 cents to 25 cents from a view on August 2 of 30 cents to 40 cents.<\/span>
\n AtriCure (ATRC +0.09%) slid more than 3% in after-hours trading after it announced that it had commenced a public offering of 2.5 million shares of its common stock.<\/span>
\n Monmouth Real Estate Investment (MNR -0.86%) fell over 6% in after-hours trading after it announced that it had commenced a public offering of 8 million shares of its common stock.<\/span>
\n Resources Connection (RECN -0.73%) jumped nearly 20% in after-hours trading after it reported Q1 revenue of $178.6 million, well above consensus of $173.5 million.<\/span>
\n Cloudera (CLDR +1.07%) rallied 13% and Hortonworks(HDP +1.77%) gained 12% in after-hours trading after the companies said they plan to merge with Cloudera holders to own about 60% of equity and Hortonworks holders to own about 40%.<\/span>
\n Barnes & Noble (BKS -1.62%) surged over 24% in after-hours trading after it said it received expressions of interest from multiple parties in making as offer to acquire the company.<\/span>
\n Pier 1 Imports (PIR +2.67%) lost more than 4% in after-hours trading after it reported a Q2 adjusted loss per share of -63 cents, wider than consensus of -59 cents.<\/span>
\n Wednesday’s Key Earnings<\/strong>
\n Lennar (NYSE:LEN) -1.1% cutting forecasts, citing Florence.<\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 7:30 Challenger Job-Cut Report
\n 8:15 Randal Quarles: \u201cTrends in Urban and Rural Community Banks\u201d
\n 8:30 Initial Jobless Claims
\n 10:00 Factory Orders
\n 10:30 EIA Natural Gas Inventory
\n 4:30 PM Money Supply
\n 4:30 PM Fed Balance Sheet<\/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 Thursday. Most of the Asian\/Pacific markets are suffering big losses. China is up, but Hong Kong, South Korea, India, Taiwan, Indonesia, Singapore and the Philippines dropped at least 1%. Europe, Africa and the Middle East are currently mostly down. Greece is up, but the UK, Denmark, France, Turkey, Israel and Sweden are […]<\/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\/12282"}],"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=12282"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/12282\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}