{"id":12340,"date":"2018-10-23T07:35:08","date_gmt":"2018-10-23T12:35:08","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=12340"},"modified":"2018-10-23T07:35:08","modified_gmt":"2018-10-23T12:35:08","slug":"before-the-open-oct-23-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=12340","title":{"rendered":"Before the Open (Oct 23)"},"content":{"rendered":"

Good morning. Happy Tuesday. <\/span>
\n The Asian\/Pacific<\/strong> markets got hit hard today. Japan, China, Hong Kong, South Korea and Taiwan dropped more than 2%; New Zealand, Australia, Malaysia and Singapore fell more than 1%. Europe, Africa and the Middle East<\/strong> are down a bunch. Poland, Denmark, South Africa, Finland, Norway, the Netherlands and Austria are down more than 2%; the UK, France, Germany, Turkey, Israel, Belgium and the Czech Republic are down more than 1%. Futures in the States<\/strong> point towards a huge gap down open for the cash market. <\/span>
\n—————
\n BLOG: <\/strong>Housing Stocks Warn a Top is Forming<\/a>
\n—————<\/span>
\n The dollar is down. Oil is down $1.36; copper is down. Gold and silver are up. Bonds are up. <\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n NetApp (NTAP +3.55%) and Micron Technology (MU -1.71%) were both downgraded to ‘Neutral’ from ‘Positive’ at Susquehanna Financial.<\/span>
\n Red Hat (RHT +1.48%) was rated a new ‘Buy’ at Needham & Co with a price target of $183.<\/span>
\n Hilton Worldwide Holdings (HLT -0.71%) was rated a new ‘Outperform’ at Cowen with a price target of $81.<\/span>
\n Chevron (@symbolPercentChange(CVX was assumed an ‘Overweight’ rating at Piper Jaffray with a price target of $139.<\/span>
\n Zions Bancorp NA (ZION -3.45%) gained 2% in after-hours trading after it reported Q3 EPS of $1.04, better than consensus of 96 cents.<\/span>
\n Moelis & Co (MC -0.37%) fell 3% in after-hours trading after it reported Q3 revenue of $207.7 million, weaker than consensus of $230.3 million.<\/span>
\n SS&C Technologies Holdings (SSNC -0.74%) climbed more than 6% in after-hours trading after it reported preliminary Q3 adjusted EPS of 78 cents-79 cents, above consensus of 66 cents.<\/span>
\n Cadence Design Systems (CDNS +1.25%) jumped 9% in after-hours trading after it reported Q3 adjusted EPS of 49 cents, higher than consensus of 1 cents, and then forecast full-year adjusted EPS of $1.80 to $1.82, above consensus of $1.68.<\/span>
\n Fabrinet (FN -0.60%) was reinstated at Stifel with a ‘Buy’ rating and a price target of $53.<\/span>
\n Superior Energy Services (SPN -3.86%) slid more than 2% in after-hours trading after it reported Q3 adjusted Ebitda of $99.8 million, weaker than consensus of $104.2 million.<\/span>
\n Aratna Therapeutics (PETX +13.06%) rose 2% in after-hours trading, on top on Monday’s 13% gain, after dealReporter said the company is working with Barclays to explore alternatives.<\/span>
\n Proteostasis Therapeutics (PTI -9.43%) fell 3% in after-hours trading after it announced that it intends to offer 9 million shares of its common stock in an underwritten public offering.<\/span>
\n Senseonics Holdings (SENS -4.16%) rallied nearly 6% in after-hours trading after Aetna said it would provide coverage for Senseonic’s Eversense glucose monitoring system.<\/span>
\n Affimed NV (AFMD -1.87%) tumbled 8% in after-hours trading after it filed to sell a $150 million shelf of mixed securities.<\/span>
\n Monday’s Key Earnings<\/strong>
\n Halliburton (HAL) -3% guiding below consensus.
\n Hasbro (NASDAQ:HAS) -3.1% amid falling sales.
\n Kimberly-Clark (NYSE:KMB) -3.5% appointing a new CEO.<\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:55 Redbook Chain Store Sales
\n 9:30 Fed’s Kashkari Speech
\n 10:00 Richmond Fed Mfg.
\n 1:00 PM Results of $38B, 2-Year Note Auction
\n 1:30 PM Fed’s Bostic: Economic Outlook and Monetary Policy
\n 2:15 PM Fed’s Kaplan Speech
\n 6:15 PM Fed’s Evans Speech
\n 8:00 PM Fed’s George \u201cDisruption in the Payments Landscape\u201d<\/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 Tuesday. The Asian\/Pacific markets got hit hard today. Japan, China, Hong Kong, South Korea and Taiwan dropped more than 2%; New Zealand, Australia, Malaysia and Singapore fell more than 1%. Europe, Africa and the Middle East are down a bunch. Poland, Denmark, South Africa, Finland, Norway, the Netherlands and Austria are down […]<\/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\/12340"}],"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=12340"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/12340\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}