{"id":7352,"date":"2014-01-30T08:30:26","date_gmt":"2014-01-30T13:30:26","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=7352"},"modified":"2014-01-30T08:30:26","modified_gmt":"2014-01-30T13:30:26","slug":"before-the-open-jan-30-3","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=7352","title":{"rendered":"Before the Open (Jan 30)"},"content":{"rendered":"

Good morning. Happy Thursday.<\/span>
\n Several Asian\/Pacific markets were closed today. The ones that opened closed down or flat. Japan dropped 2.5%; Australia, China and India also fell. Europe is currently mixed. Austria and Stockholm are down; Norway and Greece are up. Futures here in the States point towards an up open for the cash market.
\n<\/span>
\n The dollar is up big (0.5%). Oil is up, copper down. Gold and silver are down. <\/span>
\n Facebook (FB) kicked butt with earnings. The stock is up almost 18% in premarket trading and will open at a new all-time high. <\/span>
\n Google (GOOG) is selling Motorola to Lenovo only two years after acquiring the company for a much higher price. But it’s not a total loss. GOOG is keeping much of Motorola’s intellectual property. <\/span>
\n Here’s an update of the 60-min S&P chart I’ve been posting. The index closed right at a trendline which has only been penetrated once. It also happens to be the December low. <\/span>
\n\"\"
\n Backing up with the daily, you see the market has spent most of the last three months range bound. A one-week mid December rally and one-week end-of-January sell-off are the only noticeable directional moves. Otherwise the market has traded quietly in a range. You gotta be a good stock picker to make money in such an environment. The starting point is always identifying the strongest groups. More after the open. <\/span>
\n\"\"
\nStock headlines<\/strong> from barchart.com…<\/span>
\n ConocoPhillips (COP -0.59%) reported Q4 EPS of $1.40, stronger than consensus of $1.32.<\/span>
\n Harley-Davidson (HOG -1.34%) reported Q4 EPS of 34 cents, higher than consensus of 33 cents.<\/span>
\n Time Warner Cable (TWC -1.20%) reported Q4 EPS of $1.82, higher than consensus of $1.73.<\/span>
\n Whirlpool (WHR -1.58%) reported Q4 EPS of $2.97, weaker than consensus of $3.03.<\/span>
\n AutoNation (AN -0.80%) reported Q4 EPS of 83 cents, better than consensus of 76 cents.<\/span>
\n Viacom (VIAB -1.57%) reported Q1 EPS of $1.20, higher than consensus of $1.16.<\/span>
\n Raytheon (RTN -0.65%) was awarded a $107.92 million modification to a government contract for work on the Patriot missile system.<\/span>
\n Gates Capital reported a 5% passive stake in International Game Technology (IGT -1.35%) .<\/span>
\n Google (GOOG -1.43%) rose 2% in after-hours trading after it announced that Lenovo Group (LNVGY +3.57%) bought its Motorola handset unit for $2.91 billion.<\/span>
\n Las Vegas Sands (LVS -1.77%) reported Q4 EPS of 87 cents, stronger than consensus of 85 cents.<\/span>
\n Flextronics (FLEX +0.52%) reported Q3 adjusted EPS of 26 cents, higher than consensus of 23 cents.<\/span>
\n Lam Research (LRCX +0.06%) reported Q2 adjusted EPS of $1.10, stronger than consensus of $1.03.<\/span>
\n Tractor Supply (TSCO -2.38%) reported Q4 EPS of 68 cents, better than consensus of 65 cents.<\/span>
\n Facebook (FB -2.92%) jumped 13% in after-hours trading after it reported Q4 EPS of 31 cents, higher than consensus of 27 cents.<\/span>
\n Hanesbrands (HBI +1.40%) reported Q4 adjusted EPS of 98 cents, better than consensus of 90 cents, and then raised guidance on fiscal 2014 adjusted EPS to $4.60-$4.80, much better than consensus of $4.48.<\/span>
\n Spectrum Brands (SPB -1.61%) reported Q1 adjusted EPS of $1.09, well ahead of consensus of 99 cents.<\/span>
\n Qualcomm (QCOM -1.21%) reported Q1 adjusted EPS of $1.26, stronger than consensus of $1.18, but then lowered guidance on Q2 adjusted EPS to $1.15-$1.25, below consensus of $1.26.<\/span>
\nEarnings and Economic Numbers<\/strong> from seekingalpha.com…<\/span>
\n Today’s economic calendar:
\n 8:30 Initial Jobless Claims
\n 8:30 GDP Q4
\n 9:45 Bloomberg Consumer Comfort Index
\n 10:00 Pending Home Sales
\n 10:30 EIA Natural Gas Inventory
\n 1:00 PM Results of $35B, 5-Year Note Auction
\n 1:00 PM Results of $29B, 7-Year Note Auction
\n 4:30 PM Money Supply
\n 4:30 PM Fed Balance Sheet<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>
\n Notable earnings before today’s open: ABFS, ABMD, ADT, AIT, ALXN, AN, ARG, ATK, BC, BEAV, BEN, BLL, BMS, BTU, BX, BZH, CAH, CAM, CARB, CELG, CEVA, CL, CMS, COP, CRR,CRS, DFT, DGX, DOV, DST, EPD, ERIC, ESI, HAR, HGG, HOG, HP, HSH, HSY, IVZ, KELYA, KEM, KMT, LLL, LLY, MAN, MD, MMM, MO, NOC,NVO, OSTK, OXY, PBI, PHM, PLD, POT, RGLD, RTN, RYL, SHW, TE, TEN, TKR, TMO, TWC, UA, UPS, UTEK, V, VIAB, VLY, WCC, WHR, XEL, XOM, ZMH<\/span>
\n Notable earnings after today’s close: ABAX, AFG, ALGN, AMZN, ARAY, AVNW, AZPN, BCOV, BCR, BRCM, CB, CLS, CMG, CNI, CPHD, CPSI, CPT, CSC, CTCT, CYT, DLLR, ELX, EMN, ESS, GDOT,GOOG, JDSU, LSTR, MCHP, MCK, MCRS, MTW, N, NATI, NEU, NGVC, PFPT, PKI, PMCS, RGA, RHI, RVBD, SIMG, SYA, TSYS, TUES, UIS, VR, WYNN<\/span>
\nOther<\/strong>…<\/span>
\ntoday’s upgrades\/downgrades<\/a> from briefing.com<\/span>
\nthis week’s Earnings<\/a><\/span>
\nthis week’s Economic Numbers<\/a><\/span>
\n