{"id":6007,"date":"2012-09-25T07:36:58","date_gmt":"2012-09-25T12:36:58","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=6007"},"modified":"2012-09-25T07:36:58","modified_gmt":"2012-09-25T12:36:58","slug":"before-the-open-sep-25-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=6007","title":{"rendered":"Before the Open (Sep 25)"},"content":{"rendered":"<p><span style=\"font-size: medium;\">Good morning. Happy Tuesday.<\/span><br \/>\n<span style=\"font-size: medium;\">The Asian\/Pacific markets closed mixed; there were no big movers. Europe is currently mostly down; Belgium is down 1.1%, Austria and Greece down about 0.7%. Futures here in the States point towards a slight positive open for the cash market.<!--more--><br \/>\n<\/span><br \/>\n<span style=\"font-size: medium;\">The dollar is down slightly. Oil and copper are up. Gold and silver are up.<\/span><br \/>\n<span style=\"font-size: medium;\">There isn&#8217;t much news out&#8230;and nothing is important enough to move the market.<\/span><br \/>\n<span style=\"font-size: medium;\">TSLA cut 2012 estimates and is selling 4.34 million shares of common stock. The stock is down 15% in premarket trading.<\/span><br \/>\n<span style=\"font-size: medium;\">Sidewinder Drilling is buying Union Drilling (UDRL)<\/span><br \/>\n<span style=\"font-size: medium;\">CHRW is buying privately held Phoenix International, a freight handling company.<\/span><br \/>\n<span style=\"font-size: medium;\">CAT lowered its 2015 (that&#8217;s not a typo) earnings forecast from $15-$20 to $12-$18.<\/span><br \/>\n<span style=\"font-size: medium;\">KORS is selling 23 million shares of stock held by current stockholders. This is what happens when a company does well after going public. It groups its employees&#8217; stock together and sells it as a bundle&#8230;something Facebook can&#8217;t do.<\/span><br \/>\n<span style=\"font-size: medium;\">SPLS is closing 30 stores.<\/span><br \/>\n<span style=\"font-size: medium;\">Tomorrow is Yom Kippur&#8230;the market is likely to be slow.<\/span><br \/>\n<span style=\"font-size: medium;\">I maintain my defensive posture. A combination of some overbought indicators, some lagging groups (transports, semis) and a lack of good set ups has me in wait-and-see mode. I&#8217;m not exactly at the edge of my seat eager to aggressively enter new positions. More after the open.<\/span><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=6000\">Earnings<\/a><\/span><br \/>\n<span style=\"font-size: medium;\">this week&#8217;s <a href=\"http:\/\/leavittbrothers.com\/blog\/?p=6002\">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 Tuesday. The Asian\/Pacific markets closed mixed; there were no big movers. Europe is currently mostly down; Belgium is down 1.1%, Austria and Greece down about 0.7%. Futures here in the States point towards a slight 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\/6007"}],"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=6007"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/6007\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}