{"id":5896,"date":"2012-08-16T07:41:11","date_gmt":"2012-08-16T12:41:11","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=5896"},"modified":"2012-08-16T07:41:11","modified_gmt":"2012-08-16T12:41:11","slug":"before-the-open-aug-16-3","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=5896","title":{"rendered":"Before the Open (Aug 16)"},"content":{"rendered":"<p><span style=\"font-size: medium;\">Good morning. Happy Thursday.<\/span><br \/>\n<span style=\"font-size: medium;\">The Asian\/Pacific markets closed mixed. Australia and New Zealand rallied better than 1%. Europe is currently mixed. There are no 1% movers. Futures here in the States point towards a positive open for the cash market.<!--more--><br \/>\n<\/span><br \/>\n<span style=\"font-size: medium;\">The dollar is up a small amount. Oil is up a little; copper is flat. Gold and silver are mostly flat.<\/span><br \/>\n<span style=\"font-size: medium;\">CSCO did well with earnings. They raised their dividend, and the stock is up 7.4% pre market &#8211; a huge move for the company.<\/span><br \/>\n<span style=\"font-size: medium;\">WMT beat estimates by a penny. The stock is down $1.73 before the open.<\/span><br \/>\n<span style=\"font-size: medium;\">One of Facebook&#8217;s lock ups ends today. 268 million shares, or about 10% of outstanding shares, are now available to be sold. This is big but not nearly as big as their mid November lock up expiration. According to Business Insider, these are the dates&#8230;<\/span><br \/>\n<img src=\"http:\/\/leavittbrothers.com\/blog\/i\/facebook081612.png\" alt=\"\" \/><br \/>\n<span style=\"font-size: medium;\">I&#8217;m thinking a time to buy FB may be right around that November lock up. Some selling pressure ahead of the date along with a little downside pressure after may provide a good buying opportunity. I&#8217;ve seen it happen many times. Everyone thinks a stock is going to tank, and instead it takes off.<\/span><br \/>\n<span style=\"font-size: medium;\">AAPL is supposedly in talks with cable companies about Apple TV (not an actual TV, the set-top boxes). TV is the last frontier. It&#8217;s one piece of technology that hasn&#8217;t changed in decades.<\/span><br \/>\n<span style=\"font-size: medium;\">The market has been very slow lately, but some discrepancies are starting to form between the indexes. Here&#8217;s the daily S&amp;P. Yesterday it hit a higher high, but a small rising wedge is forming. Be careful out there. You definitely don&#8217;t want to put all your chips on the table. More after the open.<\/span><br \/>\n<img src=\"http:\/\/leavittbrothers.com\/blog\/i\/spx081612.png\" alt=\"\" \/><br \/>\n<span style=\"font-size: medium;\">headlines at <a href=\"http:\/\/biz.yahoo.com\/apf\/archive.html\">Yahoo Finance<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">headlines at <a href=\"http:\/\/www.marketwatch.com\/story\/newsviewer\">MarketWatch<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">today&#8217;s <a href=\"http:\/\/www.briefing.com\/investor\/calendars\/upgrades-downgrades\/\">upgrades\/downgrades<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">this week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/blog\/?p=5878\">Earnings<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">this week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/blog\/?p=5880\">Economic Numbers<\/a><\/span><br \/>\n<script type=\"text\/javascript\">\/\/ <![CDATA[\n   var gaJsHost = ((\"https:\" == document.location.protocol) ? \"https:\/\/ssl.\" : \"http:\/\/www.\"); document.write(unescape(\"%3Cscript src='\" + gaJsHost + \"google-analytics.com\/ga.js' type='text\/javascript'%3E%3C\/script%3E\"));\n\/\/ ]]><\/script><br \/>\n<script type=\"text\/javascript\">\/\/ <![CDATA[\n   var pageTracker = _gat._getTracker(\"UA-6273151-1\"); pageTracker._initData(); pageTracker._trackPageview();\n\/\/ ]]><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning. Happy Thursday. The Asian\/Pacific markets closed mixed. Australia and New Zealand rallied better than 1%. Europe is currently mixed. There are no 1% movers. Futures here in the States point towards a positive open for the cash market.<\/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\/5896"}],"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=5896"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/5896\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}