{"id":9905,"date":"2016-09-07T07:46:42","date_gmt":"2016-09-07T12:46:42","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=9905"},"modified":"2016-09-07T07:46:42","modified_gmt":"2016-09-07T12:46:42","slug":"before-the-open-sep-7-4","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=9905","title":{"rendered":"Before the Open (Sep 7)"},"content":{"rendered":"

Good morning. Happy Wednesday. <\/span>
\n The Asian\/Pacific<\/strong> markets closed mixed. New Zealand and Taiwan did well; Japan posted the biggest loss. No other market moved much from its unchanged level. Europe<\/strong> currently leans to the upside. Italy is up more than 1%; Austria, the Netherlands, Norway, Sweden, Russia, Poland, Finland and Spain are also doing well. Greece and Turkey are weak. Futures in the States<\/strong> are mixed (S&P up, Nas down). <\/span>
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\n The dollar is down a small amount. Oil is flat; copper is up. Gold and silver are down. Bonds are up. <\/span>
\n After a weak opening 30 minutes yesterday the market did well. Most of the indexes closed near their highs and in positive territory. The S&P is once again not far from its all-time high. It wouldn’t take much to push through. <\/span>
\n Big day for Apple today. It has an event in San Francisco where it’s expected to talk about the iPhone 7, among other things. Here’s AAPL. It’s flat and trendless over the last year. <\/span>
\n\"\"
\n Other big cap tech stocks did great yesterday. Facebook, Amazon, Netflix and Google all enjoyed solid days. FB and AMZN are at all-time highs; GOOGL isn’t far behind. The leaders are leading. It bodes well going forward. Can AAPL play catch up?<\/span>
\n\"\"
\n The market can “wake up” at any time. Have a plan and be ready. More after the open. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Royal Caribbean Cruises Ltd. (RCL -1.33%) was downgraded to ‘Hold’ from ‘Buy’ at Argus<\/span>
\n Casey’s General Stores (CASY +0.02%) dropped nearly 9% in after-hours trading after it reported Q1 EPS of $1.70, below consensus of $1.81.<\/span>
\n Valeant Pharmaceuticals (VRX +2.47%) climbed 2% and Progenics (PGNX +3.36%) jumped nearly 4% in after-hours trading after the companies said the drug Relistor for treatment of opioid-induced constipation is now available for prescribing in the U.S.<\/span>
\n Intersil (ISIL -2.23%) was downgraded to ‘Hold’ from ‘Buy’ at Stifel with a 12-month price target of $21.<\/span>
\n Catalent (CTLT +0.16%) lost over 7% in after-hours trading after it announced a 19-million share secondary offering.<\/span>
\n Advanced Micro Devices (AMD -2.26%) dropped 4% in after-hours trading after it filed to sell $600 million in stock and $450 million of convertible notes to repay debt.<\/span>
\n Sigma Designs (SIGM +8.07%) gained 3% in after-hours trading after it reported Q2 adjusted EPS of 7 cents, well above consensus of 2 cents.<\/span>
\n Ollie’s Bargain Outlet Holdings (OLLI -0.98%) fell nearly 3% in after-hours trading after it started a secondary offering of 13.7 million shares.<\/span>
\n HealthEquity (HQY +0.92%) rose nearly 3% in after-hours trading after it reported Q2 adjusted EPS of 16 cents, higher than consensus of 13 cents, and then raised its full-year revenue estimate to $174 million-$178 million from a prior view of $173 million-$177 million<\/span>
\n Dave & Buster’s Entertainment (PLAY -0.71%) slid 7% in after-hours trading after it cut its full-year comparable sales estimate to 2.25%-3.25% from a June 7 estimate of 3.25%-4.25%.<\/span>
\n Momenta Pharmaceuticals (MNTA -0.57%) ws downgraded to ‘Sell’ from ‘Hold’ at Maxim Group.<\/span>
\n Applied Optoelectronics (AAOI -0.57%) surged 23% in after-hours trading after it raised its Q3 revenue forecast to $63 million-$65 million from an Aug 5 estimate of $56 million-$59 million,<\/span>
\n Tuesday’s Key Earnings<\/strong>
\n Marvell Technology (NASDAQ:MRVL) -0.5% on disappointing guidance.<\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 7:00 MBA Mortgage Applications
\n 8:30 Gallup U.S. Job Creation Index
\n 8:55 Redbook Chain Store Sales
\n 9:45 PMI Services Index
\n 10:00 Fed\u2019s Esther and Lacker testify before the House Committee
\n 10:00 Job Openings and Labor Turnover Survey
\n 2:00 PM Fed’s Beige Book<\/span><\/span><\/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 Wednesday. The Asian\/Pacific markets closed mixed. New Zealand and Taiwan did well; Japan posted the biggest loss. No other market moved much from its unchanged level. Europe currently leans to the upside. Italy is up more than 1%; Austria, the Netherlands, Norway, Sweden, Russia, Poland, Finland and Spain are also doing well. […]<\/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\/9905"}],"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=9905"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/9905\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}