{"id":9570,"date":"2016-03-30T08:00:30","date_gmt":"2016-03-30T13:00:30","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=9570"},"modified":"2016-03-30T08:00:30","modified_gmt":"2016-03-30T13:00:30","slug":"before-the-open-mar-30-5","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=9570","title":{"rendered":"Before the Open (Mar 30)"},"content":{"rendered":"

Good morning. Happy Tuesday.<\/span>
\n The Asian\/Pacific markets closed mostly up. Hong Kong and China rallied more than 2%; Singapore, India and Taiwan did better than 1%. Japan dropped 1.3%. Europe is currently up across-the-board. Norway and Greece are up more than 2%; London, Germany, France, Austria, the Netherlands, Sweden, Poland, Turkey, Finland, Hungary, Spain, Italy, Belgium and Portugal are up more than 1%. Futures here in the States point towards a moderate gap up open for the cash market. <\/span>
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\n———————
\nDigital Stock Summit<\/a> -> I was a panelist…you can register here<\/a> and get a free day pass and listen to the podcast.<\/span>
\n———————
\n<\/strong>
\nThe dollar is down. Oil is up, copper is down. Gold is down, silver is up. Bonds are mixed.<\/span>
\n Janet Yellen played nice yesterday. After a few Fed officials talked tough the previous week, prompting discussion of the next rate hike being sooner instead of later, she cited global and financial uncertainties are reasons to be cautious. Wall St. of course cheered this because it desperately wants rates to remain low. The US market posted solid gains, and the Asian\/Pacific and Europe markets have followed suit today. The bulls will now want to see follow through today. They’ll want to know yesterday wasn’t a 1-day knee-jerk reaction to Yellen’s comments. <\/span>
\n One of my favorite groups right now is steel. Here are a few charts from the group. <\/span>
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\nBig day today and tomorrow. Follow through or fizzle.
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Valeant (VRX +0.42%) is seeking to extend its 10Q filing date to July 31 but the company said it is “comfortable” with its current liquidity position and that it is well positioned to meet its obligations.<\/span>
\n AllScripts (MDRX +5.43%) was raised to overweight by Morgan Stanley with a target of $16<\/span>
\n State Street (STT +0.14%) agreed to buy GE Asset Management for up to $485 million<\/span>
\n Foxxcon finalized a deal to buy Japan’s Sharp for $3.5 billion<\/span>
\n Sonic (SONC -0.18%) rallied 4% in after-hours trading after beating earnings (18 cents vs 16-cent consensus) and boosting guidance.<\/span>
\n Dave & Busters (PLAY +2.19%) reported Q4 EPS of 53 cents, better than the consensus of 43 cents.<\/span>
\n Verint Systems (VRNT +0.95%) fell sharply by 12% in after-hours trading after reporting Q4 EPS of 90 cents, below the consensus of $1.17.<\/span>
\n Landec Corp (LNDC +0.94%) fell -12% in after-hours trading after reporting EPS of 1 cents, below the consensus of 3 cents.<\/span>
\n Dole Foods’ (DOLE +0.74%) outlook was revised to stable from positive by S&P.<\/span>
\n Novartis (NVS -1.05%) is investigating allegations of bribery in Turkey, according to Reuters report.<\/span>
\n Spotify is raising $1 billion in debt financing from TPG, Dragoneer and Goldman Sachs, according to Dow Jones.<\/span>
\n Agios Pharm (AGIO +2.24%) rallied 2% in after-hours trading after being rated as a New Buy at SunTrust.<\/span>
\nEarnings and Economic Numbers<\/strong> from seekingalpha.com…<\/span>
\n Today’s Economic Calendar
\n 7:00 MBA Mortgage Applications
\n 8:15 ADP Jobs Report
\n 10:30 EIA Petroleum Inventories
\n 1:00 PM Results of $28B, 7-Year Note Auction
\n 3:00 Farm Prices<\/span><\/span><\/span><\/span><\/span><\/span>
\nToday’s Earnings here<\/a><\/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><\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning. Happy Tuesday. The Asian\/Pacific markets closed mostly up. Hong Kong and China rallied more than 2%; Singapore, India and Taiwan did better than 1%. Japan dropped 1.3%. Europe is currently up across-the-board. Norway and Greece are up more than 2%; London, Germany, France, Austria, the Netherlands, Sweden, Poland, Turkey, Finland, Hungary, Spain, Italy, […]<\/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\/9570"}],"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=9570"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/9570\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}