{"id":12297,"date":"2018-10-10T07:46:48","date_gmt":"2018-10-10T12:46:48","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=12297"},"modified":"2018-10-10T07:46:48","modified_gmt":"2018-10-10T12:46:48","slug":"before-the-open-oct-10-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=12297","title":{"rendered":"Before the Open (Oct 10)"},"content":{"rendered":"

Good morning. Happy Wednesday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mixed. India and Thailand did well; South Korea, Malaysia, Singapore and the Philippines were weak. Europe, Africa and the Middle East<\/strong> are currently mostly down. Denmark, Poland, South Africa and Sweden are down more than 1%; France, Germany, Finland, the Netherlands and Saudi Arabia are also weak. Greece is up. Futures in the States<\/strong> point towards a moderate down open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>There’s a Bull Market Somewhere<\/a>
\n—————<\/span>
\n The dollar is flat. Oil and copper are down. Gold and silver are down. Bonds are down. <\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n Freeport-McMoRan (FCX -0.83%) was rated a new ‘Underweight’ at Barclays witha price target of $12.<\/span>
\n WellCare Health Plans (WCG +0.18%) was rated a new ‘Outperform’ at Evercore ISI with a price target of $365.<\/span>
\n McDonald’s (MCD +1.23%) was ugraded to ‘Buy’ from ‘Neutral’ at Guggenheim Securities with a price target of $200.<\/span>
\n Cripr Therapeutics AG (CRSP +0.79%) was rated a new ‘Outperform’ at Wells Fargo Securities with a price target of $65.<\/span>
\n PPG Industries (PPG -10.06%) climbed nearly 6% in after-hours trading after Trian Fund Management LP disclosed it now owns a 2.9% stake in the company.<\/span>
\n Spark Therapeutics (ONCE +1.50%) was rated a new ‘Buy’ at Guggenheim Securities with a price target of $70.<\/span>
\n Nu Skin (NUS -3.68%) was rated a ‘Buy’ at D.A. Davidson with a price target of $92.<\/span>
\n Avrobio (AVRO -5.44%) was rated a new ‘Buy’ at Guggenheim Securities with a price target of $35.<\/span>
\n Nio Inc (NIO +22.35%) jumped almost 8% in after-hours trading after Baillie Gifford & Co announced that it now owns a 7.7% stake in the company.<\/span>
\n IDT Corp (IDT +0.57%) soared 14% in after-hours trading after it reported Q4 income from operations was $10.5 million versus $3.7 million in the same period last year.<\/span>
\n Vipshop Holdings Ltd (VIPS -2.91%) lost 2% in after-hours trading after it was downgraded to ‘Neutral’ from ‘Overweight’ at JPMorgan Chase.<\/span>
\n Scorpio Tankers (STNG +0.96%) dropped more than 10% in after-hours trading after it announced that it intends to offer $250 million of common shares through an underwritten public offering.<\/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 10:00 Wholesale Trade
\n 11:30 Results of $36B, 3-Year Note Auction
\n 12:15 PM Fed’s Evans: Economic Outlook
\n 1:00 PM Results of $23B, 10-Year Note Auction
\n 6:00 PM Fed’s Bostic: Economic Outlook<\/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. India and Thailand did well; South Korea, Malaysia, Singapore and the Philippines were weak. Europe, Africa and the Middle East are currently mostly down. Denmark, Poland, South Africa and Sweden are down more than 1%; France, Germany, Finland, the Netherlands and Saudi Arabia are also weak. […]<\/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\/12297"}],"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=12297"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/12297\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}