{"id":12346,"date":"2018-10-25T07:47:31","date_gmt":"2018-10-25T12:47:31","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=12346"},"modified":"2018-10-25T07:47:31","modified_gmt":"2018-10-25T12:47:31","slug":"before-the-open-oct-25-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=12346","title":{"rendered":"Before the Open (Oct 25)"},"content":{"rendered":"

Good morning. Happy Thursday. <\/span>
\n The Asian\/Pacific<\/strong> markets posted mostly big losses. Thailand moved up, but Japan, South Korea, India, Taiwan, Australia and the Philippines dropped more than 1%. Europe, Africa and the Middle East<\/strong> are currently mixed but with an upside bias. France, Greece, Spain, Italy, Portugal, Austria and Saudi Arabia are up at least 1%; Denmark and Israel are down. Futures in the States<\/strong> point to a relatively big gap up open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>What Do the Groups Tell Us<\/a>
\n—————<\/span>
\n The dollar is down. Oil and copper are up. Gold and silver are up. Bonds are down. <\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n Microsoft (MSFT -5.35%) rallied nearly 5% in pre-market trading after it reported Q1 EPS of $1.14, better than consensus of 96 cents.<\/span>
\n Tesla (TSLA -1.92%) jumped 11% in after-hours trading after it reported an unexpected Q3 adjusted EPS profit of $2.90, well above consensus for a -15 cents EPS loss.<\/span>
\n Align Technology (ALGN -6.69%) slumped more than 20% in after-hours trading after it forecast Q4 EPS of $1.10 to $1.15, well below consensus of $1.33.<\/span>
\n Xilinx (XLNX -7.70%) climbed 11% in after-hours trading after it forecast Q3 sales of $760 million to $780 million, well above consensus of $718.7 million.<\/span>
\n Vertex Pharmaceuticals (VRTX -6.36%) slid 3% in after-hours trading after it reported Q3 adjusted revenue of $783.9 million, below consensus of $786.9 million.<\/span>
\n Norfolk Southern (NSC +2.05%) was upgraded to ‘Buy’ from ‘Hold’ at Stifel with a price target of $189.<\/span>
\n Hilton Worldwide Holdings (HLT -7.33%) was upgraded to ‘Buy’ from ‘Neutral’ at B Riley FBR with a price target of $85.<\/span>
\n F5 Networks (FFIV -4.23%) rose more than 3% in after-hours trading after it reported Q4 adjusted EPS of $2.90, well above consensus of $2.63, and then forecast Q1 adjusted EPS of $2.51 to $2.54, higher than consensus of $2.47.<\/span>
\n Equifax (EFX -3.09%) tumbled almost 13% in after-hours trading after it reported Q3 adjusted EPS of $1.41, below consensus of $1.42, and then forecast Q4 adjusted EPS of $1.30 to $1.35, weaker than consensus of $1.43.<\/span>
\n O’Reilly Automotive (ORLY -5.14%) fell nearly 5% in after-hours trading after it forecast Q4 EPS of $3.60 to $3.70, below consensus of $3.74.<\/span>
\n Visa (V -3.49%) gained 2% in after-hours trading after it reported Q4 adjusted EPS of $1.21, better than consensus of $1.20.<\/span>
\n Whirlpool (WHR -4.97%) rallied 9% in after-hours trading after it reported Q3 ongoing EPS of $4.55, well above consensus of $3.76, and then forecast full-year ongoing EPS of $14.50 to $14.80, higher than consensus of $14.00.<\/span>
\n Kraton (KRA -5.31%) dropped more than 5% in after-hours trading after it reported Q3 adjusted EPS of $1.02, weaker than consensus of $1.29.<\/span>
\n Advanced Micro Devices (AMD -9.17%) sold-off nearly 17% in after-hours trading after it forecast Q4 revenue of about $1.45 billion, plus or minus $50 million, weaker than consensus of $1.6 billion.<\/span>
\n Ford Motor (F -4.77%) jumped 7% in after-hours trading after it reported Q3 automotive revenue of $34.70 billion, above consensus of $33.56 billion.<\/span>
\n Wednesday’s Key Earnings<\/strong>
\n AMD (NASDAQ:AMD) -22.4% AH giving soft revenue guidance.
\n AT&T (NYSE:T) -8.1% on entertainment, wireline weakness.
\n Boeing (NYSE:BA) +1.3% raising guidance for 2018.
\n Ford (NYSE:F) +3.7% AH boosted by its N.America segment.
\n Freeport-McMoRan (NYSE:FCX) -7.8% amid production rises.
\n General Dynamics (NYSE:GD) -7.7% after lower core sales.
\n Las Vegas Sands (NYSE:LVS) +0.7% on a weaker quarter.
\n Microsoft (MSFT) +4% AH following cloud strength.
\n Northrop Grumman (NYSE:NOC) -6% despite raising guidance.
\n Sirius XM (NASDAQ:SIRI) -5% following record revenues.
\n Tesla (TSLA) +9.8% AH posting a quarterly profit.
\n UPS (NYSE:UPS) -5.5% lifting its free cash flow view.
\n Visa (NYSE:V) +1.7% AH on growing consumer spending.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:30 Durable Goods
\n 8:30 Initial Jobless Claims
\n 8:30 International trade in goods
\n 8:30 Retail Inventories
\n 8:30 Wholesale Inventories
\n 10:00 Pending Home Sales
\n 10:30 EIA Natural Gas Inventory
\n 11:00 Kansas City Fed Mfg Survey
\n 12:15 PM Richard Clarida: Economic Outlook and Monetary Policy
\n 1:00 PM Results of $31B, 7-Year Note Auction
\n 4:30 PM Money Supply
\n 4:30 PM Fed Balance Sheet
\n 7:00 PM Fed’s Mester Speech: Monetary Policy and Economic Outlook<\/span><\/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 Thursday. The Asian\/Pacific markets posted mostly big losses. Thailand moved up, but Japan, South Korea, India, Taiwan, Australia and the Philippines dropped more than 1%. Europe, Africa and the Middle East are currently mixed but with an upside bias. France, Greece, Spain, Italy, Portugal, Austria and Saudi Arabia are up at least […]<\/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\/12346"}],"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=12346"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/12346\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}