{"id":12354,"date":"2018-10-29T07:50:31","date_gmt":"2018-10-29T12:50:31","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=12354"},"modified":"2018-10-29T07:50:31","modified_gmt":"2018-10-29T12:50:31","slug":"before-the-open-oct-29-5","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=12354","title":{"rendered":"Before the Open (Oct 29)"},"content":{"rendered":"

Good morning. Happy Monday. Hope you had a good weekend. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mixed. India and Australia did well; China and South Korea were weak. Europe, Africa and the Middle East<\/strong> are currently posting some big gains. The UK, Denmark, Poland, France, Germany, Greece, South Africa, Switzerland, Norway, Spain, Italy, the Netherlands, Belgium, Austria, Sweden and the Czech Republic are each up at least 1%. Only Turkey is down a noticeable amount. Futures in the States<\/strong> point towards a big gap up open for the cash market. <\/span>
\n—————
\n BLOG: <\/strong>LB Weekly<\/a>
\n—————<\/span>
\n The dollar is up. Oil is down; copper is up. Gold and silver are mixed and little changed. Bonds are down. <\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n Red Hat (RHT -3.19%) surged 50% in pre-market trading after IBM agreed to purchase it for about $33 billion. IBM is down nearly 6% on the news.<\/span>
\n Apple (AAPL -1.59%) was rated a new ‘Buy’ at Jeffries with a price target of $265.<\/span>
\n Martin Marietta (MLM -3.25%) was rated a new ‘Buy’ at Nomura Instinet with a price target of $220.<\/span>
\n Proofpoint (PFPT -15.59%) was upgraded to ‘Buy’ from ‘Neutral’ at Goldman Sachs with a price target of $114.<\/span>
\n Ford Motor (F -0.11%) was upgraded to ‘Buy’ from ‘Neutral’ at Goldman Sachs with a price target of $12.<\/span>
\n Core Laboratories (CLB -1.46%) was upgraded to ‘Buy’ from ‘Hold’ at Stifel with a price target of $110.<\/span>
\n Ralph Lauren (RL +0.14%)was rated a new ‘Buy’ at Deutsche Bank with a price target of $149.<\/span>
\n National Oilwell Varco (NOV -3.03%) was upgraded to ‘Outperform’ from ‘In-Line’ at Evercore ISI with a price target of $44.<\/span>
\n Colgate-Palmolive (CL -6.64%) was downgraded to ‘Underweight’ from ‘Neutral’ at JPMorgan Chase with a price target of $54.<\/span>
\n Lennar (LEN +3.98%) was upgraded to ‘Outperform’ from ‘Neutral’ at Wedbush with a price target of $50.<\/span>
\n CSX Corp (CSX -0.71%) may move higher initially this morning after Mantle Ridge LP reported a 5.1% stake in the company.<\/span>
\n The board of Pacific Premier Bancorp (PPBI -2.15%) approved a $100 million stock buyback program.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:30 Personal Income and Outlays
\n 9:45 Fed’s Evans Speech
\n 10:30 Dallas Fed Manufacturing Survey<\/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 Monday. Hope you had a good weekend. The Asian\/Pacific markets closed mixed. India and Australia did well; China and South Korea were weak. Europe, Africa and the Middle East are currently posting some big gains. The UK, Denmark, Poland, France, Germany, Greece, South Africa, Switzerland, Norway, Spain, Italy, the Netherlands, Belgium, Austria, […]<\/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\/12354"}],"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=12354"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/12354\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}