{"id":12459,"date":"2018-12-04T08:50:44","date_gmt":"2018-12-04T13:50:44","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=12459"},"modified":"2018-12-04T08:50:44","modified_gmt":"2018-12-04T13:50:44","slug":"before-the-open-dec-4-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=12459","title":{"rendered":"Before the Open (Dec 4)"},"content":{"rendered":"

Good morning. Happy Tuesday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mixed. China, Hong Kong, Indonesia and the Philippines are up; Japan, South Korea, Australia and Singapore are down. Europe, Africa and the Middle East<\/strong> are currently mostly down. The UK, Germany, Finland, Spain, Italy, Belgium, Israel, Portugal, Austria and Sweden are down the most. Futures in the States<\/strong> point towards a down open for the cash market. <\/span>
\n—————
\n PODCAST: <\/strong>with @ChicagoSean<\/a>
\n—————<\/span>
\n The dollar is down. Oil is up; copper is up. Gold and silver are up. Bonds are up. <\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n Cirrus Logic (CRUS +3.29%) fell more than 6% in pre-markets trading after it cut its Q3 revenue estimate to $300 million to $340 million from a previous forecast of $360 million to $400 million, citing weakness in the smartphone market.<\/span>
\n Apple (AAPL +3.49%) was downgraded to ‘Hold’ from ‘Buy’ at HSBC.<\/span>
\n RH (RH +6.47%) soared 18% in after-hours trading after it forecast full-year adjusted EPS of $8.33 to $8.47, well above consensus of $7.64.<\/span>
\n Itron (ITRI +2.75%) was rated a ‘Buy’ at Guggenheim Securities with a price target of $70.<\/span>
\n BorgWarner (BWA +2.83%) was rated a new ‘Buy’ at Jeffries with a price target of $48.<\/span>
\n UDR Inc (UDR +0.52%) slid nearly 3% in after-hours trading after it announced that it will sell 7.15 million shares of its common stock in an underwritten public offering<\/span>
\n Owens-Illinois (OI +0.98%) was downgraded to ‘Underweight’ from ‘Sector Weight’ at KeyBanc Capital Markets with a price target of $16.<\/span>
\n NGL Energy Partners LP (NGL +3.45%) was rated a new ‘Buy’ at Guggenheim Securities with a price target of $16.<\/span>
\n Kinder Morgan (KMI +1.35%) may initially open higher this morning after it said it sees 2019 adjusted Ebitda of $7.80 billion, higher than consensus of $7.65 billion.<\/span>
\n Kratos Defense & Security Solutions (KTOS +0.90%) was rated a new ‘Outperform’ at Baird with a price target of $19.<\/span>
\n Smartsheet (SMAR +0.59%) climbed over 5% in after-hours trading after it forecast Q4 total revenue of $49 million to $50 million, above consensus of $45.7 million.<\/span>
\n Independence Contract Drilling (ICD +2.96%) was rated an ‘Outperform’ at Evercore ISI with a price target of $6.<\/span>
\n Keane Group (FRAC +0.36%) fell 3% in after-hours trading after it announced an underwritten secondary offering from one of its stockholders of 5.25 million shares of Keane\u2019s common stock. <\/span>
\n Today’s Economic Calendar<\/strong>
\n Auto Sales
\n 8:55 Redbook Chain Store Sales
\n 10:00 Fed’s Williams Speech<\/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 mixed. China, Hong Kong, Indonesia and the Philippines are up; Japan, South Korea, Australia and Singapore are down. Europe, Africa and the Middle East are currently mostly down. The UK, Germany, Finland, Spain, Italy, Belgium, Israel, Portugal, Austria and Sweden are down the most. 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\/12459"}],"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=12459"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/12459\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}