{"id":12397,"date":"2018-11-12T08:46:45","date_gmt":"2018-11-12T13:46:45","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=12397"},"modified":"2018-11-12T08:46:45","modified_gmt":"2018-11-12T13:46:45","slug":"before-the-open-nov-12-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=12397","title":{"rendered":"Before the Open (Nov 12)"},"content":{"rendered":"

Good morning. Happy Monday. Hope you had a good weekend. <\/span>
\n The Asian\/Pacific<\/strong> markets closed with a lean to the downside. China did well, but India, Malaysia, Indonesia and Thailand were weak. Europe, Africa and the Middle East<\/strong> are currently mostly down. Saudi Arabia is doing well, but the UK, France, Turkey, Poland, Germany, Greece, South Africa, Switzerland and Italy are weak. Futures in the States<\/strong>, which were up moderately overnight are now down moderately.<\/span>
\n—————
\n VIDEO: <\/strong>State of the Market<\/a>
\n—————<\/span>
\n The dollar is up. Oil and copper are up. Gold and silver are down. Bonds are up. <\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n Synovus Financial (SNV -0.87%) was upgraded to ‘Overweight’ from ‘Equal-Weight’ at Morgan Stanley with a price target of $50.<\/span>
\n Allegiant Travel (ALGT +1.53%) was rated a new ‘Buy’ at Goldman Sachs with a price target of $167.<\/span>
\n Oil States International (OIS -0.17%) was upgraded to ‘Buy’ from ‘Hold’ at SunTrust Robinson Humphrey with a price target of $35.<\/span>
\n PhaseBio Pharmaceuticals (PHAS unch) was rated a new ‘Buy’ at Citigroup with a price target of $18.<\/span>
\n Armstrong World Industries (AWI -4.85%) was upgraded to ‘Neutral\u2019 from ‘Underperform’ at Bank of America Merrill Lynch with a price target of $75.<\/span>
\n Finisar (FNSR +15.41%) may open higher initially this morning when it was upgraded to ‘Neutral’ from ‘Sell’ by Goldman Sachs after the close on Friday.<\/span>
\n International Speedway (ISCA -1.11%) may open higher initially this morning after Nascar made a non-binding offer to buy the company for $42 a share, 7.5% above last Friday’s closing price.<\/span>
\n Jack in the Box (JACK -0.67%) may open higher initially this morning when activist investor Blue Harbor Group disclosed a 6.8% stake in Jack in the Box.<\/span>
\n GNC Holdings (GNC -1.63%) tumbled 17% in after-hours trading after it reported Q3 adjusted EPS of 2 cents, well below consensus of 9 cents.<\/span>
\n Maiden Holdings (MHLD -3.03%) may open lower initially this morning when it reported after the close Friday an unexpected Q3 adjusted operating loss per share of -$2.83, much weaker than expectations of +18 cents EPS.<\/span>
\n OPKO Health (OPK -11.46%) climbed more than 6% in after-hours trading after it reported a Q3 loss of -5 cents per share, narrower than expectations of -8 cents.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 2:30 PM Fed’s Daly Speech<\/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 with a lean to the downside. China did well, but India, Malaysia, Indonesia and Thailand were weak. Europe, Africa and the Middle East are currently mostly down. Saudi Arabia is doing well, but the UK, France, Turkey, Poland, Germany, Greece, South […]<\/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\/12397"}],"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=12397"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/12397\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}