{"id":12402,"date":"2018-11-13T08:50:53","date_gmt":"2018-11-13T13:50:53","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=12402"},"modified":"2018-11-13T08:50:53","modified_gmt":"2018-11-13T13:50:53","slug":"before-the-open-nov-13-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=12402","title":{"rendered":"Before the Open (Nov 13)"},"content":{"rendered":"

Good morning. Happy Tuesday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed with a lean to the downside. China, Hong Kong, India and Indonesia did well while Japan, South Korea, New Zealand, Taiwan, Australia, Malaysia and the Philippines were weak. Europe, Africa and the Middle East<\/strong> currently lean down. Turkey, Greece and Germany are up; Denmark, Poland, Norway, Portugal and Austria are down. Futures in the States<\/strong> point towards a moderate gap up open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>There’s a Bull Market Somewhere<\/a>
\n—————<\/span>
\n The dollar is down. 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 Nvidia (NVDA -7.84%) was upgraded to ‘Positive’ from ‘Neutral’ at Susquehanna Financial with a price target of $230.<\/span>
\n L Brands (LB +1.42%) was upgraded to ‘Outperfrom’ from ‘Market Perform’ at Wells Fargo Securities with a price target of $55.<\/span>
\n Starbucks (SBUX -1.01%) was upgraded to ‘Buy’ from ‘Hold’ at Argus Research with a price target of $79.<\/span>
\n Microchip Technology (MCHP -3.42%) was rated a new ‘Market Perform’ at BMO Capital Markets with a price target of $92.<\/span>
\n Sage Therapeutics (SAGE -7.26%) fell 2% in after-hours trading after it was rated a new ‘Underperform’ at Leerink Partners LLC with a price target of $80.<\/span>
\n UGI (UGI +0.87%) may initially open lower this morning when it forecast after the close of trading Monday full-year adjusted EPS of $2.75 to $2.95, the midpoint below consensus of $2.88.<\/span>
\n Zogenix (ZGNX +0.34%) was imitated a new ‘Outperform’ at Leerink Partners LLC with a price target of $60.<\/span>
\n Cree (CREE -4.49%) was rated a new ‘Market Perform’ at BMO Capital Markets with a price target of $55.<\/span>
\n Aerie Pharmaceuticals (AERI -6.51%) was rated a new ‘Outperform’ at Oppenheimer with a price target of $64.<\/span>
\n Eventbrite (EB -4.74%) tumbled more than 6% in after-hours trading after it reported a Q3 loss per share of -$1.24.<\/span>
\n AmeriGas Partners LP (APU -0.62%) may initially open lower this morning when it forecast after the close of trading Monday that it sees full-year adjusted Ebitda of $610 million to $650 million, below consensus of $662.3 million.<\/span>
\n ON Semiconductor (ON -5.87%) was rated a new ‘Market Perform’ at BMO Capital Markets with a price target of $20.<\/span>
\n Medallion Financial (MFIN -3.98%) jumped 5% in after-hours trading after it reported total taxi-medallion loan exposure at the lowest level in 15 years.<\/span>
\n EverQuote (EVER -5.70%) plunged almost 16% in after-hours trading after it forecast Q4 revenue of $37.4 million to $39 million, weaker than consensus of $39.2 million.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 6:00 NFIB Small Business Optimism Index
\n 8:55 Redbook Chain Store Sales
\n 10:00 Fed’s Reserve Gov. Lael Bralnard: \u201cArtificial Intelligence and the New Financial Landscape\u201d
\n 10:00 Fed’s Kashkari Speech
\n 2:00 PM Treasury Budget
\n 2:20 PM Fed’s Harker Speech
\n 5:00 PM Fed’s Mary Speech<\/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 closed with a lean to the downside. China, Hong Kong, India and Indonesia did well while Japan, South Korea, New Zealand, Taiwan, Australia, Malaysia and the Philippines were weak. Europe, Africa and the Middle East currently lean down. Turkey, Greece and Germany are up; Denmark, Poland, Norway, Portugal […]<\/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\/12402"}],"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=12402"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/12402\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}