{"id":9997,"date":"2016-10-21T07:49:30","date_gmt":"2016-10-21T12:49:30","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=9997"},"modified":"2016-10-21T07:49:30","modified_gmt":"2016-10-21T12:49:30","slug":"before-the-open-oct-21-6","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=9997","title":{"rendered":"Before the Open (Oct 21)"},"content":{"rendered":"

Good morning. Happy Friday. Happy Options Expiration Day. <\/span>
\n The Asian\/Pacific<\/strong> markets closed with a lean to the downside, but movement was minimal. Japan, Singapore and South Korea fell; China moved up. Europe<\/strong> is currently mixed and also little changed. The UK, Norway, the Czech Republic, Poland and Denmark are up; Belgium, Switzerland, Turkey and Portugal are down. Futures in the States<\/strong> point towards a down open for the cash market. <\/span>
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\n The dollar is up. Oil is up; copper is flat. Gold and silver are down small amounts. Bonds are mixed. <\/span>
\n We’re starting to get more intraday movement, but the net change isn’t much. <\/span>
\n The dollar broke out yesterday. I don’t think anything truly gets urgent until it gets above $100, but with less than a $1.50 to go (at today’s open), things are starting to get interesting. <\/span>
\n\"\"
\n Oil broke out Wednesday but pulled back into its pattern yesterday. Instead of running, it’s just grinding up – 2 steps forward, 1 step back. I keep coming back to the group because it’s big and liquid and offers a lot very good trades. <\/span>
\n When considering dividends, MSFT is at an all-time high.<\/span>
\n Overall the indexes remain in range. Nothing else to say right now. More after the open. <\/span>
\nStock headlines<\/strong> from barchart.com…<\/span>
\n Advanced Micro Devices (AMD +2.81%) is down over 7% in pre-market trading after it predicted Q4 revenue will fall 18%, plus or minus 3%, to $1.03 billion, below consensus of $1.1 billion.<\/span>
\n Microsoft (MSFT -0.49%) rose over 5% in pre-market trading after it reported Q1 adjusted EPS of 76 cents, above consensus of 68 cents.<\/span>
\n Proofpoint (PFPT +0.09%) rallied 10% in after-hours trading after it reported Q3 adjusted EPS of 19 cents, well above consensus of 5 cents, and then raised guidance on full-year EPS to 28 cents-33 cents from a July 21 view of 6 cents-10 cents.<\/span>
\n VeriSign (VRSN +0.87%) jumped over 6% in after-hours trading after it amended and extended its registry pact for its .com domain name through Nov 2024.<\/span>
\n PayPal Holdings (PYPL -0.37%) had dropped 4% in after-hours trading after it forecast Q4 adjusted EPS of 40 cents-42 cents, weaker than consensus of 42 cents, but then recovered its losses and moved up 4% after it said it sees 16%-17% revenue growth in 3 years, up from a prior forecast of 15% growth.<\/span>
\n Boston Beer Co. (SAM -2.74%) lost nearly 3% in after-hours trading after it reported Q3 EPS of $2,48, weaker than consensus of $2.57, and then lowered guidance on full-year EPS to $6.30-$6.70 from a prior view of $6.40-$7.00.<\/span>
\n Red Robin Gourmet Burgers (RRGB -0.23%) dropped over 6% in after-hours trading after it reported Q3 adjusted EPS of 38 cents, well below consensus of 48 cents.<\/span>
\n SEI Investments (SEIC +0.71%) gained almost 2% in after-hours trading after it reported Q3 EPS of 53 cents, better than consensus of 49 cents.<\/span>
\n Athenahealth (ATHN -1.76%) slipped almost 3% in after-hours trading after it reported Q3 revenue of $276,7 million, below consensus of $280.3 million.<\/span>
\n KLA-Tencor (KLAC +0.07%) rose nearly 3% in after-hours trading after it reported Q1 adjusted EPS of $1.16, higher than consensus of $1.04.<\/span>
\n Sonic (SONC -2.61%) gained over 1% in after-hours trading after it boosted its quarterly dividend to 14 cents from 11 cents and increased its stock buyback plan by $40 million.<\/span>
\n Brown & Brown (BRO -0.96%) rose +0.5% in after-hours trading after it reported Q3 adjusted EPS of 52 cents, better than consensus of 49 cents.<\/span>
\n Skechers (SKX +0.09%) tumbled 12% in after-hours trading after it reported Q3 EPS of 42 cents, weaker than consensus of 46 cents, and said it sees Q4 net sales of $710 million-$735, million, below consensus of $800 million.<\/span>
\n Apollo Education Group (APOL -0.12%) climbed 3% in after-hours trading after it reported Q4 net revenue of $492.5 million, higher than consensus of $466 million.<\/span>
\n Thursday’s Key Earnings<\/strong>
\n Verizon (NYSE:VZ) closes -2.5% after postpaid subscriber numbers disappoint
\n VeriSign (NASDAQ:VRSN) +7.1% AH following earnings beat
\n Advanced Micro Devices (NYSE:AMD) sinks 5.75% AH following weak guidance
\n PayPal (NASDAQ:PYPL) +4.5% AH as revenues rise 20% and top estimates
\n Walgreens Boots (NASDAQ:WBA) ends +5% as non-GAAP net income jumps 20%
\n American Airlines (NASDAQ:AAL) finishes -0.1% despite earnings beat
\n Dunkin’ Brands (NASDAQ:DNKN) closes -3.2% after missing on revenue
\n Schlumberger (NYSE:SLB) flat post-market after mixed Q3<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span>
\n Today’s Economic Calendar<\/strong>
\n 10:15 Daniel Tarullo speech
\n 1:00 PM Baker-Hughes Rig Count<\/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 Friday. Happy Options Expiration Day. The Asian\/Pacific markets closed with a lean to the downside, but movement was minimal. Japan, Singapore and South Korea fell; China moved up. Europe is currently mixed and also little changed. The UK, Norway, the Czech Republic, Poland and Denmark are up; Belgium, Switzerland, Turkey and Portugal […]<\/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\/9997"}],"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=9997"}],"version-history":[{"count":0,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/9997\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}