{"id":12447,"date":"2018-11-28T08:42:35","date_gmt":"2018-11-28T13:42:35","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=12447"},"modified":"2018-11-28T08:42:35","modified_gmt":"2018-11-28T13:42:35","slug":"before-the-open-nov-28-6","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=12447","title":{"rendered":"Before the Open (Nov 28)"},"content":{"rendered":"

Good morning. Happy Wednesday.<\/span>
\n The Asian\/Pacific<\/strong> markets did very well. Japan, China, Hong Kong, South Korea, India and Taiwan posted solid gains. Europe, Africa and the Middle East<\/strong> currently lean to the upside. Poland, Russia, Turkey, South Africa, Israel and Saudi Arabia are leading while Denmark, the UAE and Norway are weak. Futures in the States<\/strong> point towards a moderate gap up open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>Do The Indicators Suggest the Market Has Bottomed<\/a>
\n—————<\/span>
\n The dollar is up slightly. Oil is down; copper is up. Gold is flat; silver is up. Bond are mixed. <\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n Burlington Stores (BURL -0.75%) jumped more than 7% in pre-market trading after it boosted its full-year adjusted EPS view to $6.33 to $6.37 from a prior view of $6.13 to $6.20, above consensus of $6.23.<\/span>
\n Nasdaq (NDAQ +0.03%) was rated a new ‘Overweight’ at Atlantic Equities LLP with a price target of $105.<\/span>
\n Varian Medical Systems (VAR +0.17%) was rated a new ‘Buy’ at UBS with a price target of $140.<\/span>
\n Salesforce.com (CRM +0.89%) climbed almost 6% in after-hours trading after it reported Q3 adjusted EPS of 61 cents, higher than consensus of 50 cents, and then raised guidance on full-year adjusted EPS to $2.60 to $2.61 from a prior view of $2.50 to $2.52, well above consensus of $2.52.<\/span>
\n Chesapeake Utilities (CPK -2.12%) was rated a new ‘Buy’ at Maxim Group LLC with a price target of $100.<\/span>
\n Bluebird Bio (BLUE -4.36%) was rated a new ‘Outperform’ at Leerink Partners LLC with a price target of $145.<\/span>
\n DaVita (DVA +3.13%) was upgraded to ‘Outperform’ from ‘Market Perform’ at Raymond James with a price target of $70.<\/span>
\n Eaton Vance (EV -1.44%) was downgraded to ‘Underweight’ from ‘Neutral’ at JPMorgan Chase with a price target of $38.<\/span>
\n Zimmer Biomet Holdings (ZBH -0.11%) was rated a new ‘Buy’ at UBS with a price target of $140.<\/span>
\n Regenxbio (RGNX -0.72%) was rated a new ‘Underperform’ at Leerink Partners LLC with a price target of $42.<\/span>
\n Nutanix (NTNX -1.80%) jumped 8% in after-hours trading after it reported Q1 revenue of $313.3 million, better than consensus of $305.2 million, and then forecast Q2 revenue of $325 million to $335 million, the midpoint above consensus of $325.9 million.<\/span>
\n Global Net Lease (GNL +1.61%) fell 4% in after-hours trading after it announced the launch of an underwritten public offering of 4 million shares of common stock.<\/span>
\n BrightView Holdings (BV -2.16%) rallied 10% in after-hours trading after it forecast 2019 revenue of $2.40 billion to $2.47 billion, the midpoint above consensus of $2.43 billion.<\/span>
\n Rexahn Pharmaceuticals (RNN +1.80%) was rated a new ‘Buy’ at Brookline Capital with a price target of $10.<\/span>
\n Tuesday’s Key Earnings<\/strong>
\n Salesforce (NYSE:CRM) +8.8% AH on strong sales, raised guidance.<\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 7:00 MBA Mortgage Applications
\n 8:30 GDP Q3
\n 8:30 International trade in goods
\n 8:30 Corporate profits
\n 8:30 Retail Inventories (Advance)
\n 8:30 Wholesale Inventories (Advance)
\n 10:00 New Home Sales
\n 10:00 Richmond Fed Mfg.
\n 10:00 State Street Investor Confidence Index
\n 10:30 EIA Petroleum Inventories
\n 11:30 Results of $18B, 2-Year FRN Auction
\n 12:00 PM Jerome Powell: “The Federal Reserve’s Framework for Monitoring Financial Stability”
\n 1:00 PM Results of $32B, 7-Year Note Auction<\/span><\/span><\/span><\/span><\/span><\/span><\/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 Wednesday. The Asian\/Pacific markets did very well. Japan, China, Hong Kong, South Korea, India and Taiwan posted solid gains. Europe, Africa and the Middle East currently lean to the upside. Poland, Russia, Turkey, South Africa, Israel and Saudi Arabia are leading while Denmark, the UAE and Norway are weak. 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\/12447"}],"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=12447"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/12447\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}