{"id":12320,"date":"2018-10-16T07:46:40","date_gmt":"2018-10-16T12:46:40","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=12320"},"modified":"2018-10-16T07:46:40","modified_gmt":"2018-10-16T12:46:40","slug":"before-the-open-oct-16-6","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=12320","title":{"rendered":"Before the Open (Oct 16)"},"content":{"rendered":"

Good morning. Happy Tuesday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly up. Japan, India, Taiwan, Indonesia and the Philippines led the way; China was weak. Europe, Africa and the Middle East<\/strong> are currently posting solid gains. Denmark, Poland, France, Germany, Greece, Finland, Switzerland, Hungary, Spain, Italy, Israel, Austria, Sweden and Saudi Arabia are up 1% or more. Futures in the States<\/strong> point towards a relatively big gap up open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>Signs of a Local Bottom<\/a>
\n—————<\/span>
\n The dollar is down. Oil and copper are down. Gold and silver are up. Bonds are up. <\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n Morgan Stanley (MS +0.09%) is up more than 2% in pre-market trading after it reported Q3 adjusted EPS of $1.17, higher than consensus of $1.01.<\/span>
\n Johnson & Johnson (JNJ +0.06%) rose +0.5% in pre-market trading after it reported Q3 adjusted EPS of $2.95, better than consensus of $$2.03<\/span>
\n Cracker Barrel (CBRL +1.80%) was upgraded to ‘Outperform’ from ‘Market Perform’ at Telsey Advisory Group with a price target of $175.<\/span>
\n Adobe (ADBE -4.36%) climbed more than 5% in after-hours trading after it said it sees about 20% total revenue growth for fiscal 2019.<\/span>
\n Facebook (FB -0.14%) was rated a new ‘Buy’ at Loop Capital Markets with a price target of $210.<\/span>
\n Expedia Group (EXPE -0.01%) was rated a new ‘Outperform’ at Evercore ISI with a price target of $140.<\/span>
\n JB Hunt Transport Services (JBHT +2.05%) reported Q3 operating revenue of $2.21 billion, below consensus of $2.22 billion<\/span>
\n Philip Morris International (PM +1.43%) was rated ‘Outperform’ at Bernstein with a price target of $97.<\/span>
\n Perspecta (PRSP -0.20%) was rated a new ‘Buy’ at Stifel with a price target of $35.<\/span>
\n SendGrid (SEND -0.23%) surged 17% in after-hours trading after it was acquired by Twilio for $2 billion, or about $36.92 a share. Twilio TWLO fell 4% on the news.<\/span>
\n JELD-WEN Holding (JELD -0.19%) tumbled nearly 11% in after-hours trading after it lowered guidance on 2018 adjusted Ebitda to $455 million to $470 million from a prior estimate of $500 million to $520 million.<\/span>
\n Ultralife (ULBI +5.64%) rose 4% in after-hours trading after it reported it won a $8.3 million contract.<\/span>
\n T2 Biosystems (TTOO +2.72%) may initially open lower this morning after it filed a $100 million mixed securities shelf after the close of trading Monday.<\/span>
\n Monday’s Key Earnings<\/strong>
\n Bank of America (NYSE:BAC) -1.9% despite earnings beat, better margins.<\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:55 Redbook Chain Store Sales
\n 9:15 Industrial Production
\n 10:00 NAHB Housing Market Index
\n 10:00 Job Openings and Labor Turnover Survey
\n 4:00 PM Treasury International Capital<\/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 Tuesday. The Asian\/Pacific markets closed mostly up. Japan, India, Taiwan, Indonesia and the Philippines led the way; China was weak. Europe, Africa and the Middle East are currently posting solid gains. Denmark, Poland, France, Germany, Greece, Finland, Switzerland, Hungary, Spain, Italy, Israel, Austria, Sweden and Saudi Arabia are up 1% or more. […]<\/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\/12320"}],"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=12320"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/12320\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}