{"id":12453,"date":"2018-11-30T08:47:11","date_gmt":"2018-11-30T13:47:11","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=12453"},"modified":"2018-11-30T08:47:11","modified_gmt":"2018-11-30T13:47:11","slug":"before-the-open-nov-30-8","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=12453","title":{"rendered":"Before the Open (Nov 30)"},"content":{"rendered":"

Good morning. Happy Friday. <\/span>
\n The Asian\/Pacific<\/strong> markets leaned to the downside. Japan and China did well; South Korea, Austria, Malaysia and Indonesia were weak. Europe, Africa and the Middle East<\/strong> currently lean to the downside too. Saudi Arabia is up, but the UK, Poland, Germany, the UAE, Russia and South Africa are down. Futures in the States<\/strong> point towards a down 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. Oil and copper are down. Gold and silver are down. Bonds are up. <\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n Waters (WAT +0.63%) was downgraded to ‘Sell’ from ‘Neutral’ at Goldman Sachs with a price target of $180.<\/span>
\n Cree (CREE -0.28%) was downgraded to ‘Underweight’ from ‘Neutral’ at JPMorgan Chase with a price target of $35.<\/span>
\n Palo Alto Networks (PANW -0.28%) climbed nearly 3% in after-hours trading after it reported Q1 revenue of $656 million, better than consensus of $632 million, and then forecast Q2 revenue of $675 million to $685 million, above consensus of $668.9 million.<\/span>
\n Workday (WDAY -0.36%) jumped 8% in after-hours trading after it reported Q3 adjusted EPS of 31 cents, well above consensus of 15 cents.<\/span>
\n PVH Corp (PVH -1.03%) dropped 7% in after-hours trading after it reported Q3 revenue of $2.52 billion, below consensus of $2.53 billion, and then cut its 2018 revenue growth estimate for Calvin Klein to 7% from an August estimate of 8%.<\/span>
\n Anadarko Petroleum (APC +2.23%) was rated a new ‘Outperform’ at Cowen with a price target of $75.<\/span>
\n Splunk (SPLK +2.51%) rose more than 5% in after-hours trading after it reported Q3 revenue of $481 million, stronger than consensus of $432.9 million, and then forecast full-year revenue of $1.74 billion, higher than consensus of $1.69 billion.<\/span>
\n Diamondback Energy (FANG +2.00%) was rated a new ‘Outperform’ at Cowen with a price target of $147.<\/span>
\n AT&T (T -0.55%) gained 1% in after-hours trading after it said it sees 2019 free cash flow in the $26 billion range and sees 2019 gross capital investment in the $23 billion range.<\/span>
\n Sprouts Farmers Market (SFM +1.50%) fell nearly 4% in after-hours trading after CEO Amin Maredia said he will leave the company on Dec 30 to pursue other interests.<\/span>
\n Ambarella (AMBA -2.60%) rallied 14% in after-hours trading after it reported Q3 adjusted EPS of 21 cents, stronger than consensus of 9 cents.<\/span>
\n GameStop (GME -2.53%) tumbled more than 12% in after-hours trading after it reported Q3 comparable sales rose +2.1%, weaker than consensus of +3.4%, and then forecast full-year adjusted EPS of $2.55 to $2.75, below consensus of $2.94.<\/span>
\n Yext (YEXT +2.13%) dropped 10% in after-hours trading after it forecast Q4 adjusted loss per share of -9 cents to -10 cents, the midpoint wider than consensus of -9.1 cents.<\/span>
\n Arbor Realty Trust (ABR -0.33%) fell 4% in after-hours trading after it announced a public offering of 8.7 million share of its common stock.<\/span>
\n Amtech Systems (ASYS -1.24%) plunged 17% in after-hours trading after it forecast Q1 revenue of $27 million to $29 million, below consensus of $32.1 million.<\/span>
\n Thursday’s Key Earnings<\/strong>
\n Dell Technologies (NYSE:DVMT) +1.9% AH on broad growth.
\n Dollar Tree (NASDAQ:DLTR) +6.2% seeing minimal tariff impacts.
\n GameStop (NYSE:GME) -12.2% AH slashing its profit outlook.
\n HP (NYSE:HPQ) +1.3% AH driven by its personal systems unit.
\n TD Bank (NYSE:TD) -0.4% with gains in real-estate lending.
\n VMware (NYSE:VMW) +9.1% AH as cloud sales jumped.
\n Workday (NYSE:WDAY) +9.5% AH raising guidance.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 9:00 Fed’s Williams: “The Global Economy: Addressing a Future Downturn”
\n 9:45 Chicago PMI
\n 1:00 PM Baker-Hughes Rig Count<\/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 leaned to the downside. Japan and China did well; South Korea, Austria, Malaysia and Indonesia were weak. Europe, Africa and the Middle East currently lean to the downside too. Saudi Arabia is up, but the UK, Poland, Germany, the UAE, Russia and South Africa are down. Futures in […]<\/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\/12453"}],"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=12453"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/12453\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}