{"id":6294,"date":"2013-01-08T08:41:25","date_gmt":"2013-01-08T13:41:25","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=6294"},"modified":"2013-01-08T08:41:25","modified_gmt":"2013-01-08T13:41:25","slug":"before-the-open-jan-8-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=6294","title":{"rendered":"Before the Open (Jan 8)"},"content":{"rendered":"

Good morning. Happy Tuesday.<\/span>
\nThe Asian\/Pacific markets closed mostly down. Hong Kong, Japan, South Korea and Australia suffered the biggest losses. Europe is currently mostly up. Greece is up 2%; France and Switzerland are also doing well. Futures here in the States point towards a slight down open for the cash market.
\n<\/span>
\nThe dollar is up a small amount. Oil and copper are up. Gold and silver are up.<\/span>
\nThe market mostly rested yesterday is a relatively small range. It was the third straight day the it consolidated its huge 2-day rally. The Russell currently sits at an all-time high. The Dow, S&P and Nasdaq still have resistance overhead in the form of their Sept and Oct highs. The price action looks good overall, so I still favor the upside, but in the very near term I would not be surprised to see a mini correction that allows some of our indicators to cycle down. <\/span>
\nMonsanto (MON) did well with earnings…the stock is up better than 4% in premarket trading.<\/span>
\nPerion Network (PERI) is up 15% before the open…the company says it expect revenue to grow 80% in 2013.<\/span>
\nYum Brands (YUM) is down 5% premarket…its China division Q4 same-store sales fell more than previously expected.<\/span>
\nIHS’s (IHS) earnings look good at first glance…the stock has not trade premarket yet.<\/span>
\nWellPoint (WLP) expects earnings to be at the high end of its previously established range.<\/span>
\nLindsay (LNN) is up 7.5% premarket…it easily beat Wall St. expectations (the drought in the midwest helped).<\/span>
\nDestination Maternity’s (DEST) overall revenue dropped slightly because some of their under-performing stores have been closed down.<\/span>
\nEarnings season will ramp up from here, so there’ll be a lot more stock-specific going forward.<\/span>
\nAgain, I like the market overall, but in the near term, I’m looking for a little give-back. 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>
\n