{"id":12444,"date":"2018-11-27T08:45:04","date_gmt":"2018-11-27T13:45:04","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=12444"},"modified":"2018-11-27T08:45:04","modified_gmt":"2018-11-27T13:45:04","slug":"before-the-open-nov-27-5","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=12444","title":{"rendered":"Before the Open (Nov 27)"},"content":{"rendered":"

Good morning. Happy Tuesday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mostly up. Japan, South Korea, India and Australia did well; Malaysia was weak. Europe, Africa and the Middle East<\/strong> currently lean to the downside. Russia, Greece and Saudi Arabia are down; Denmark, Turkey, the UAE, South Africa, Finland, Switzerland, Portugal and Austria are down. Futures in the States<\/strong> point towards a moderate gap down open for the cash market. <\/span>
\n—————
\n Cyber Week Special: <\/strong>buy an annual subscription, get 3 months free<\/a>
\n—————<\/span>
\n The dollar is flat. Oil and copper are down. Gold and silver are up. Bonds are up. <\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n Apple (AAPL +1.35%) fell nearly 2% in pre-market trading after President Trump suggested a 10% tariff may be placed on iPhones and laptops made in China.<\/span>
\n United Technologies (UTX -0.82%) gained more than 1% in pre-market trading after it said it will spin off its Otis Elevator and Carrier as independent companies and keep its aerospace business.<\/span>
\n Diamondback Energy (FANG +4.22%) may move higher initially this morning after it was announced that it will replace Stericycle in the S&P 500 prior to the open of trade on Monday, Dec 3.<\/span>
\n Maxim Integrated Products (MXIM +1.18%) may move higher initially this morning after it was announced that it will replace Aetna in the S&P 500 prior to the open of trade on Monday, Dec 3.<\/span>
\n Lamb Weston Holdings (LW -0.96%) may move higher initially this morning after it was announced that it will replace Rockwell Collins in the S&P 500 prior to the open of trade on Monday, Dec 3.<\/span>
\n CVS Health (CVS +3.54%) was rated a new ‘Overweight’ at Cantor Fitzgerald with a price target of $96.<\/span>
\n Macerich (MAC +0.49%) was downgraded to ‘Underweight’ from ‘Equal-Weight’ at Morgan Stanley with a price target of $45.<\/span>
\n Bristol-Myers Squibb (BMY -0.38%) fell nearly 3% in after-hours trading after its Odivo drug combination failed to meet its endpoint of overall survival in its Phase 3 CheckMate -451 study of patients with extensive-stage small cell lung cancer.<\/span>
\n Acadia Pharmaceuticals (ACAD +5.13%) dropped almost 6% in after-hours trading after it announced that it intends to sell $200 million of its common stock in an underwritten public offering.<\/span>
\n Buckle (BKE +2.50%) slid 6% in after-hours trading after it reported Q3 net sales of $215.1 million, below consensus of $218.5 million.<\/span>
\n Abeona Therapeutics (ABEO +3.96%) lost nearly 4% in after-hours trading after the company announced the immediate termination of CEO Carsten Thiel due to personal misconduct.<\/span>
\n Kosmos Energy Ltd (KOS +1.58%) fell 3% in after-hours trading after it announced a secondary public offering of 15 million shares if its common stock.<\/span>
\n Ferroglobe PLC (GSM +1.06%) plunged 22% in after-hours trading after it reported Q3 adjusted Ebitda of $45.0 million, weaker than consensus of $82.7 million.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 7:45 Richard Clarida Speech
\n 8:55 Redbook Chain Store Sales
\n 9:00 S&P Corelogic Case-Shiller Home Price Index
\n 9:00 FHFA House Price Index
\n 10:00 Consumer Confidence
\n 1:00 PM Results of $40B, 5-Year Note Auction
\n 2:30 PM Fed’s Bostic, George, Evans: “Economy, regulation, financial innovation, and the future of payments”<\/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 mostly up. Japan, South Korea, India and Australia did well; Malaysia was weak. Europe, Africa and the Middle East currently lean to the downside. Russia, Greece and Saudi Arabia are down; Denmark, Turkey, the UAE, South Africa, Finland, Switzerland, Portugal and Austria are down. Futures in the […]<\/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\/12444"}],"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=12444"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/12444\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}