{"id":12370,"date":"2018-11-02T07:45:46","date_gmt":"2018-11-02T12:45:46","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=12370"},"modified":"2018-11-02T07:45:46","modified_gmt":"2018-11-02T12:45:46","slug":"before-the-open-nov-2-8","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=12370","title":{"rendered":"Before the Open (Nov 2)"},"content":{"rendered":"

Good morning. Happy Friday. Happy Employment Numbers Day. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly up with big gains. Japan, China, Hong Kong, South Korea, India, Indonesia, Singapore and the Philippines did very well. Europe, Africa and the Middle East<\/strong> are currently mostly up. The UK, Denmark, Poland, France, Turkey, Germany, South Africa, Finland, Norway, Hungary, Spain, the Netherlands, Italy, Israel, Austria and Sweden are each up 1% or more. Futures in the States<\/strong> point towards a relatively big open for the S&P but just a positive open for the Nas. <\/span>
\n—————
\n BLOG: <\/strong>CCI \u2013 Everything You Need to Know<\/a>
\n—————<\/span>
\n The dollar is down. Oil is down; copper is up. Gold is down; silver is up. Bonds are down. <\/span>
\n Here are the employment figures.<\/span>
\n unemployment rate: 3.7% (same as last month)
\n nonfarm payrolls: +250K
\n private payrolls:
\n average workweek: up 0.1 hours to 34.5 hours
\n hourly wages: up 0.2% to $27.30
\n labor participation rate:<\/span><\/span><\/span><\/span><\/span><\/span>
\n August gains raised from 270K to 286K
\n September gains cut from 134K to 118K<\/span><\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n Apple (AAPL +1.54%) is down nearly 6% in pre-market trading after it forecast Q1 revenue of $89 billion to $93 billion, the midpoint below consensus of $92.7 billion, and then said it will stop unit sales data for iPhones, iPads and Mac computers.<\/span>
\n Michael Kors Holdings Ltd Facebook (KORS +3.56%) was upgraded to ‘Buy’ from ‘Neutral’ at UBS with a price target of $80.<\/span>
\n Weight Watchers International (WTW +3.62%) tumbled 13% in after-hours trading after it reported Q3 revenue of $365.8 million, weaker than consensus of $379.5 million.<\/span>
\n Starbucks (SBUX +0.62%) jumped over 8% in after-hours trading after it reported Q4 comparable sales rose +3.0%, better than consensus of +2.2%.<\/span>
\n MetLife (MET +1.82%) rose nearly 4% in after-hours trading after it reported Q3 adjusted EPS of $1.38, stronger than consensus of $1.26.<\/span>
\n Universal Display (OLED +5.40%) plunged more than 20% in after-hours trading after it reported Q3 revenue of $77.6 million, below consensus of $91.4 million, and then forecast full-year revenue of $240 million to $250 million, well below consensus of $298.8 million.<\/span>
\n Kraft Heinz (KHC +2.24%) dropped more than 8% in after-hours trading after it reported Q3 adjusted EPS of 78 cents, below consensus of 81 cents.<\/span>
\n Acacia Communications (ACIA +5.83%) jumped 11% in after-hours trading after it reported Q3 adjusted EPS of 42 cents, well above consensus of 17 cents, and then forecast Q4 adjusted EPS of 20 cents to 40 cents, the midpoint above consensus of 32 cents.<\/span>
\n Shake Shack (SHAK +3.61%) fell more than 5% in after-hours trading after it said Q3 comparable sales unexpectedly fell -0.7%, weaker than consensus of a +0.9% increase.<\/span>
\n Carbonite (CARB +3.80%) tumbled 12% in after-hours trading after it reported Q3 adjusted revenue of $79.1 million, less than consensus of $80.3 million, and then cut its forecast for year business bookings to $205 million-$210 million from a prior view of $223.8 million-$234.8 million.<\/span>
\n Tesaro (TSRO +10.39%) rallied 5% in after-hours trading after it forecast full-year net revenue of $258 million to $265 million, the midpoint higher than consensus of $258.5 million<\/span>
\n Symantec (SYMC +3.20%) climbed nearly 6% in after-hours trading after it reported Q2 adjusted EPS of 42 cents, higher than consensus of 33 cents, and then forecast full-year adjusted EPS of $1.47 to $1.57, the midpoint above consensus of $1.51.<\/span>
\n Cardtronics PLC (CATM +2.21%) jumped 7% in after-hours trading after it reported Q3 revenue of $340.2 million, better than consensus of $319.2 million, and then forecast full-year revenue of $1.31 billion to $1.34 billion, higher than consensus of $1.30 billion.<\/span>
\n GoPro (GPRO +9.28%) dropped more than 8% in after-hours trading after it reported Q3 adjusted gross margin of 33.2%, below consensus of 34.1%.<\/span>
\n Thursday’s Key Earnings<\/strong>
\n Apple (NASDAQ:AAPL) -6.7% AH following soft guidance.
\n CBS (NYSE:CBS) +0.9% on an upbeat quarter post-Moonves.
\n Caesars (NASDAQ:CZR) +11.3% posting an unexpected profit, CEO resignation.
\n DowDuPont (NYSE:DWDP) +8.1% with a new stock buyback.
\n EOG Resources (NYSE:EOG) -0.8% AH upping its spending forecast.
\n GoPro (NASDAQ:GPRO) -16.4% AH missing margins.
\n Kraft Heinz (NASDAQ:KHC) -7.3% AH following a profit miss.
\n Shake Shack (NYSE:SHAK) -5.5% AH missing same-store sales.
\n Starbucks (SBUX) +9.2% AH posting stronger revenues.
\n Teva (NYSE:TEVA) +15.1% raising its outlook for 2018.
\n U.S. Steel (NYSE:X) +0.5% AH despite a Q3 earnings beat.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n Auto Sales
\n 8:30 Non-farm payrolls
\n 8:30 International Trade
\n 10:00 Factory Orders
\n 1:00 PM Baker-Hughes Rig Count<\/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 Friday. Happy Employment Numbers Day. The Asian\/Pacific markets closed mostly up with big gains. Japan, China, Hong Kong, South Korea, India, Indonesia, Singapore and the Philippines did very well. Europe, Africa and the Middle East are currently mostly up. The UK, Denmark, Poland, France, Turkey, Germany, South Africa, Finland, Norway, Hungary, Spain, […]<\/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\/12370"}],"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=12370"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/12370\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}