{"id":12502,"date":"2018-12-17T08:48:24","date_gmt":"2018-12-17T13:48:24","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=12502"},"modified":"2018-12-17T08:48:24","modified_gmt":"2018-12-17T13:48:24","slug":"before-the-open-dec-17-7","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=12502","title":{"rendered":"Before the Open (Dec 17)"},"content":{"rendered":"

Good morning. Happy Monday. Hope you had a good weekend. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mixed. India, Australia and Singapore did well; Hong Kong, Malaysia and Indonesia were weak. Europe, Africa and the Middle East<\/strong> are currently mostly down. Russia and Saudi Arabia are up; Denmark, Poland, France, Germany, Greece, Switzerland, Norway, the Netherlands, Belgium, Portugal, Austria and Sweden are weak. Futures in the States<\/strong> point towards a down open for the cash market. <\/span>
\n—————
\n List of Indexes and ETFs – <\/strong> here<\/a>
\n—————<\/span>
\n The dollar is down. Oil is up; copper is down. Gold and silver are down. Bonds are up. <\/span>
\n Overnight Stock Movers<\/strong> from barchart.com…<\/span>
\n Best Buy (BBY -1.00%) is down 4% in pre-market trading after it was downgraded to ‘Underperform’ from ‘Neutral’ at Bank of America\/Merrill Lynch.<\/span>
\n Illinois Tool Works (ITW -1.65%) was downgraded to ‘Sell’ from ‘Hold’ at Deutsche Bank with a price target of $125.<\/span>
\n Lululemon Athletica (LULU -0.90%) was upgraded to ‘Buy’ from ‘Hold’ at Stifel with a price target of $151.<\/span>
\n Sherwin-Williams (SHW +0.03%) was upgraded to ‘Overweight’ from ‘Neutral” at JPMorgan Chase with a price target of $415.<\/span>
\n Skechers (SKX -2.59%) was rated a new ‘Buy’ at Stifel with a price target of $32.<\/span>
\n LyondellBasell (LYB -1.60%) was upgraded to ‘Buy’ from ‘Hold’ at Deutsche Bank with a price target of $95.<\/span>
\n TE Connectivity Ltd (TEL -0.79%) may open higher initially this morning after its board added $1.5 billion to its share repurchase program and recommended the annual dividend rate be increased by about 4.5%.<\/span>
\n Raytheon (RTN -1.50%) may open higher initially this morning after it reported that it had won a $149.4 million contract from the U.S. Navy for the engineering, manufacturing and development of the Standard Missle-2 Block IIIC.<\/span>
\n Yangtze River Port & Logistics Ltd (YRIV -7.69%) jumped 13% in after-hours trading on signs of insider buying after CEO Liu reported to the SEC that he bought $1.7 million in shares of the company’s stock.<\/span>
\n Anworth Mortgage Asset (ANH +1.34%) may open lower initially this morning after it unexpectedly cut its quarterly dividend to 13 cents a share from 14 cents a share.<\/span>
\n Catalyst Pharmaceuticals (CPRX -4.88%) rose 3% in after-hours trading on signs of insider buying after company Director O’Keefe reported a purchase of 20,000 shares of the company’s stock.<\/span>
\n Today’s Economic Calendar<\/strong>
\n 8:30 Empire State Mfg Survey
\n 10:00 NAHB Housing Market Index
\n 4:00 PM Treasury International Capital<\/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 Monday. Hope you had a good weekend. The Asian\/Pacific markets closed mixed. India, Australia and Singapore did well; Hong Kong, Malaysia and Indonesia were weak. Europe, Africa and the Middle East are currently mostly down. Russia and Saudi Arabia are up; Denmark, Poland, France, Germany, Greece, Switzerland, Norway, the Netherlands, Belgium, Portugal, […]<\/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\/12502"}],"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=12502"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/12502\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}