{"id":12491,"date":"2018-12-11T08:51:30","date_gmt":"2018-12-11T13:51:30","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=12491"},"modified":"2018-12-11T08:51:30","modified_gmt":"2018-12-11T13:51:30","slug":"before-the-open-dec-11-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=12491","title":{"rendered":"Before the Open (Dec 11)"},"content":{"rendered":"

Good morning. Happy Tuesday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mixed. China, India, Taiwan, Australia and the Philippines did well; Japan, Malaysia, Indonesia and Thailand were weak. Europe, Africa and the Middle East<\/strong> are currently mostly posting solid gains. The UK, Denmark, France, Germany, South Africa, Finland, Sweden, Norway, Hungary, Spain, the Netherlands, Italy, Belgium and Switzerland are up more than 1%; Kenya and the Czech Republic are down. Futures in the States<\/strong> point towards a relatively big gap up open for the cash market. <\/span>
\n—————
\n VIDEO: <\/strong>How the AD Line Progresses at Market Bottoms<\/a>
\n—————<\/span>
\n The dollar is down. Oil and copper are up. Gold and silver are p. Bonds are mixed. <\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n Palo Alto Networks (PANW +2.37%) was reinstated with a ‘Buy’ rating at Guggenheim Securities with a price target of $256.<\/span>
\n AT&T (T -0.76%) was upgraded to ‘Buy’ from ‘Neutral’ at Citigroup with a price target of $34.<\/span>
\n Eastman Chemical (EMN -0.66%) was rated a new ‘Buy’ at Stifel with a price target of $95.<\/span>
\n CyberArk Software Ltd. (CYBR +1.62%) was rated a new ‘Buy’ at Guggenheim Securities with a price target of $86.<\/span>
\n Autoliv (ALV -3.13%) was rated a new ‘Overweight’ at KeyBanc Capital Markets with a price target of $105.<\/span>
\n Casey’s General Stores (CASY -1.48%) lost almost 4% in after-hours trading after it reported Q2 same-store grocery sales rose +2.7%, less than consensus of +3.1%.<\/span>
\n NetApp (NTAP +1.93%) was rated a new ‘Underperform’ at Cowen with a price target of $53.<\/span>
\n Stitch Fix (SFIX -1.48%) dropped 7% in after-hours trading after it forecast Q2 adjusted Ebitda of $8 million to $12 million, weaker than consensus of $12.8 million.<\/span>
\n CalAmp (CAMP -1.28%) slid 5% in after-hours trading after it cut its Q3 adjusted EPS forecast to 23 cents to 25 cents from a Sep 27 estimate of 29 cents to 35 cents.<\/span>
\n Quanex Building Products (NX -0.64%) fell 5% in after-hours trading after it reported Q4 net sales of $244.1 million, weaker than consensus of $248 million, and then forecast full-year adjusted Ebitda of $97 million to $107 million, the midpoint below consensus of $106.7 million.<\/span>
\n Delphi Technologies Plc (DLPH -3.13%) was rated a new ‘Underweight’ at KeyBanc Capital Markets with a price target of $13.<\/span>
\n Ra Pharmaceuticals (RARX +7.05%) lost 3% in after-hours trading after it announced that it intends to offer $100 million of its common stock in an underwritten public offering.<\/span>
\n Adient Plc (ADNT -5.19%) was rated a new ‘Underweight’ at KeyBanc Capital Markets with a price target of $18.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 6:00 NFIB Small Business Optimism Index
\n 8:30 Producer Price Index
\n 8:55 Redbook Chain Store Sales
\n 1:00 PM Results of $38B, 3-Year Note Auction<\/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 mixed. China, India, Taiwan, Australia and the Philippines did well; Japan, Malaysia, Indonesia and Thailand were weak. Europe, Africa and the Middle East are currently mostly posting solid gains. The UK, Denmark, France, Germany, South Africa, Finland, Sweden, Norway, Hungary, Spain, the Netherlands, Italy, Belgium and Switzerland […]<\/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\/12491"}],"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=12491"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/12491\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}