{"id":6120,"date":"2012-11-05T08:50:10","date_gmt":"2012-11-05T13:50:10","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=6120"},"modified":"2012-11-05T08:50:10","modified_gmt":"2012-11-05T13:50:10","slug":"before-the-open-nov-5-3","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=6120","title":{"rendered":"Before the Open (Nov 5)"},"content":{"rendered":"

Good morning. Happy Monday. Hope you had a nice weekend.<\/span>
\nThe Asian\/Pacific markets closed mostly down. Indonesia dropped 0.8%, South Korea 0.6% and Hong Kong 0.5%. Europe is currently trading mostly down. France and Amsterdam are down 1%, Norway, Stockholm, London and Germany 0.6%. Futures here in the States point toward a flat open for the cash market.
\n<\/span>
\nThe dollar is up. Oil is flat, copper down. Gold is up, silver down.<\/span>
\nPer the report posted over the weekend in the members’ section of the site and the video<\/a> posted on the blog, my bias heading into this week remains down. The indexes have been weakish the last month, and it’s never a good thing for the Nas and small caps to under-perform. Many indicators are offering bearish signals and would be better off completely collapsing than bouncing in the near term. Many key groups are also lagging. Most signs point towards more weakness.<\/span>
\nBut we have an election tomorrow, and you can be sure the two major parties already have lawyers lined up in all the swing states ready to contest everything and anything. So who knows. If things go smoothly tomorrow, it’s very possible we get a relief bounce. If things don’t go smoothly, if somehow we go to sleep tomorrow night without knowing who the next president is, all bets are off in the near term.<\/span>
\nHere are the major earnings headlines.<\/span>
\nBerkshire Hathaway (BRK.A, BRK.B) reported a 70% jump in earnings.<\/span>
\nToyota (TM) raised its 2012 profit forecast by 2.6%.<\/span>
\nHSBC (HBC) is setting aside an additional $800M for fines related to the bank’s involvement in money laundering. The bank has already cut 30,000 jobs the last two years, and they expect more over the next 15 months.<\/span>
\nTrue Religion’s (TRLG) Q3 profit rose, and they raised full-year estimates.<\/span>
\nStifel (SF) is buying KBW (KBW) for $17.50 per share.<\/span>
\nIntercontinentialExchange (ICE) reported a 1.2% drop in Q3 earnings.<\/span>
\nRogers (ROG) reported a big jump in earnings, partly due to a tax benefit.<\/span>
\nEntergy (ETR) reported a big drop in profit relative to the same quarter last year.<\/span>
\nQiagen’s (QGEN) earnings fell 17%.<\/span>
\nEndo Health (ENDP) posted a 32% profit rise, but revenue dropped.<\/span>
\nTransocean’s (RIG) Q3 loss widened even though revenue rose.<\/span>
\nRockwell Automation’s (ROK) Q4 net dropped 3.3%.<\/span>
\nTE Connectivity (TE) posted a 21% pop in earnings.<\/span>
\nChurch & Dwight (CHD) posted an 18% earnings pop.<\/span>
\nLiberty Global (LBTYA, LBTYB) narrowed its Q3 loss.<\/span>
\nSohu.com (SOHU) is up almost 9% after releasing their latest earnings.<\/span>
\nManitowoc (MTW) said earnings fell 6.3% because of higher overhead costs. <\/span>
\nTesla’s (TSLA) quarterly loss widened to $1.05M per share.<\/span>
\nTime Warner’s (TWC) Q3 earnings more than doubled.<\/span>
\nHumana (HUM) said earnings fell 4.3% and they plan to acquire Metropolitan Health Networks (MDF) for about $500M cash.<\/span>
\nGenesee & Wyoming’s (GWR) revenue rose, but the company reported a Q3 loss.<\/span>
\nThings are winding down…the election, earnings season. Soon external catalysts will drop significantly. More after the open.<\/span>
\nheadlines at Yahoo Finance<\/a><\/span>
\nheadlines at MarketWatch<\/a><\/span>
\ntoday’s upgrades\/downgrades<\/a><\/span>
\nthis week’s Earnings<\/a><\/span>
\nthis week’s Economic Numbers<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning. Happy Monday. Hope you had a nice weekend. The Asian\/Pacific markets closed mostly down. Indonesia dropped 0.8%, South Korea 0.6% and Hong Kong 0.5%. Europe is currently trading mostly down. France and Amsterdam are down 1%, Norway, Stockholm, London and Germany 0.6%. Futures here in the States point toward a flat open for […]<\/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\/6120"}],"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=6120"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/6120\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}