{"id":12424,"date":"2018-11-16T08:46:31","date_gmt":"2018-11-16T13:46:31","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=12424"},"modified":"2018-11-16T08:46:31","modified_gmt":"2018-11-16T13:46:31","slug":"before-the-open-nov-16-8","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=12424","title":{"rendered":"Before the Open (Nov 16)"},"content":{"rendered":"

Good morning. Happy Friday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly up. China, Hong Kong, India, Malaysia, Indonesia, Singapore and the Philippines did well; Japan was weak. Europe, Africa and the Middle East<\/strong> are currently mostly down. The UK, Poland, France, Germany, Greece, Italy and Spain are leading to the downside. Futures in the States<\/strong> point towards a relatively big gap down for the cash market. <\/span>
\n—————
\n BLOG: <\/strong>Business, Poker & Trading<\/a>
\n—————<\/span>
\n The dollar is down. Oil is up; copper is down. Gold and silver are mixed and little changed. Bonds are up. <\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n Nvidia (NVDA +2.64%) tumbled 18% in pre-market trading after it reported Q3 revenue of $3.18 billion, weaker than consensus of $3.24 billion.<\/span>
\n Applied Materials (AMAT +4.29%) fell more than 8% in after-hours trading after it forecast Q1 net sales of $3.56 billion to $3.86 billion, well below consensus of $3.96 billion.<\/span>
\n Home Depot (HD -1.41%) was downgraded to ‘Neutral’ from ‘Buy’ at Bank of America\/Merrill Lynch with a price target of $195.<\/span>
\n Target (TGT -2.85%) was rated a new ‘Buy’ at Buckingham Research Group with a price target of $102.<\/span>
\n Nordstrom (JWN -3.45%) sank nearly 10% in after-hours trading after it forecast full-year adjusted EPS of $3.55 to $3.65, the midpoint below consensus of $3.63.<\/span>
\n Intel (INTC +2.17%) announced a $15 billion increase in its stock repurchase authorization.<\/span>
\n Viad (VVI +0.61%) was rated a new ‘Buy’ at Janney Montgomery Scott LLC with a price target of $70.<\/span>
\n Williams-Sonoma (WSM -1.97%) dropped more than 14% in after-hours trading after it forecast full-year adjusted EPS of $4.26 to $4.36, the midpoint below consensus of $4.35.<\/span>
\n Cambrex (CBM -0.77%) was rated a new ‘Outperform’ at Baird with a price target of $57.<\/span>
\n Shoe Carnival (SCVL -4.87%) climbed more than 13% in after-hours trading after it forecast full-year EPS of $2.36 to $2.38, higher than consensus of $.216.<\/span>
\n Sprouts Farmers Market (SFM -3.71%) was rated a new ‘Underperform’ a Bernstein with a price target of $23.<\/span>
\n Gogo (GOGO +2.02%) tumbled more than 8% in after-hours trading after it announced that it intends to offer $200 million of convertible senior notes due 2022.<\/span>
\n Sonos (SONO +1.65%) rallied more than 17% in after-hours trading after it reported Q4 revenue of $273 million, higher than consensus of $248.6 million, and then forecast Q1 revenue of $485 million to $495 million, above consensus of $469.4 million.<\/span>
\n Thursday’s Key Earnings<\/strong>
\n Applied Materials (NASDAQ:AMAT) -7.3% AH citing near-term headwinds.
\n J.C. Penney (NYSE:JCP) +11.5% rebounding late in the session.
\n Nordstrom (NYSE:JWN) -9.3% AH on a credit card refund writedown.
\n Nvidia (NVDA) -16.8% AH amid crypto hangover, downside guidance.
\n Walmart (NYSE:WMT) -2% following a retail stock selloff.<\/span><\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 9:15 Industrial Production
\n 10:00 Quarterly Services Report (Advance)
\n 11:00 Kansas City Fed Mfg Survey
\n 11:30 PM Fed’s Evans: Monetary Policy
\n 1:00 PM Baker-Hughes Rig Count
\n 4:00 PM Treasury International Capital<\/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 Friday. The Asian\/Pacific markets closed mostly up. China, Hong Kong, India, Malaysia, Indonesia, Singapore and the Philippines did well; Japan was weak. Europe, Africa and the Middle East are currently mostly down. The UK, Poland, France, Germany, Greece, Italy and Spain are leading to the downside. Futures in the States point towards […]<\/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\/12424"}],"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=12424"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/12424\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}