{"id":6129,"date":"2012-11-09T08:48:14","date_gmt":"2012-11-09T13:48:14","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=6129"},"modified":"2012-11-09T08:48:14","modified_gmt":"2012-11-09T13:48:14","slug":"before-the-open-nov-9-4","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=6129","title":{"rendered":"Before the Open (Nov 9)"},"content":{"rendered":"

Good morning. Happy Friday.<\/span>
\nThe Asian\/Pacific markets closed mixed. Hong Kong, India and Japan dropped 0.9%, Taiwan rallied 0.7%. Europe is currently mostly down. France, Germany, Stockholm and the Czech Republic are down more than 1%. Futures here in the States point towards a moderate gap down open for the cash market.
\n<\/span>
\nThe dollar is up. Oil and copper are down. Gold and silver are down.<\/span>
\nThe Bank of Australia trimmed the growth forecast for the country.<\/span>
\nHere are earnings related items…<\/span>
\nGroupon (GRPN) is down almost 20%…Disney (DIS) is down 4.2%…J.C. Penney (JCP) is down almost 5%…all earnings related<\/span>
\nApollo Global Management (APO) moved from a big loss to a profit.<\/span>
\nWarner Chilcott (WCRX) reported higher net profits but lower revenue. They revised its full-year guidance up. The stock is up almost 7%.<\/span>
\nZipcar’s (ZIP) profit surged…stock is up 27%.<\/span>
\nKayak (KYAK) is up 26%.<\/span>
\nHallwood Group is up 27%.<\/span>
\nFoster Wheeler (FWLT) reported Q3 profit jumped 58%.<\/span>
\nStryer Education (STRA) posted a 71% drop in earnings…stock is down 8.3%.<\/span>
\nFlowers Foods (FLO) and Alliant Energy (LNT) are also out with earnings.<\/span>
\nNVIDIA (NVDA) did well with earning…they announced a dividend.<\/span>
\nSpreadtrum (SPRD) is down 12.5% after reporting a 41% drop in Q3 net income.<\/span>
\nDolby (DLB) reported lower net income amid higher costs and lower revenue. <\/span>
\nThe market is practically in a free fall right now. It sliced through support on Wednesday, followed through on Thursday and is now set to gap down today. Here are the daily charts.<\/span>
\n\"\"
\nDon’t try to catch a falling knife. I’m waiting for indicators such as the NYSE new 52-week lows to spike.<\/span>
\n\"\"
\nMore 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>
\n