Good morning. Happy Monday. Hope you had a good weekend.
The Asian/Pacific markets closed mostly up. China, Hong Kong, India and New Zealand led the way; Malaysia and the Philippines were weak. Europe, Africa and the Middle East are currently mostly up. Poland, Denmark, Switzerland, Italy and Romania are doing the best; Greece is weak. Futures in the States point towards a positive open for the cash market.
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The dollar is down. Oil is down; copper is up. Gold and silver are mixed and little changed. Bonds are down.
Stock headlines from barchart.com…
Oppenheimer raised its 2017 year-end target for the S&P 500 to 2,650 from a prior forecast of 2,450.
Wells Fargo (WFC -2.58%) was upgraded to ‘Market Perform’ from ‘Underperform’ at BMO Capital Markets.
American Airlines Group (AAL +0.98%) was upgraded to ‘Outperform’ from ‘Market Perform’ at Cowen with a price target of $57.
Citigroup (C -0.25%) was downgraded to ‘Market Perform’ from ‘Outperform’ at BMO Capital Markets.
Hilton Worldwide Holdings (HLT -0.16%) was upgraded to ‘Hold’ from ‘Sell’ at Berenberg.
Virtus Investment Partners (VRTS -2.41%) was upgraded to ‘Outperform’ from ‘Neutral’ at Credit Suisse with a price target of $147.
Facebook (FB +1.18%) was downgraded to ‘Sell’ from ‘Hold’ at Pivotal.
Celgene (CELG -0.04%) was upgraded to ‘Buy’ from ‘Hold’ at Argus Research with a price target of $160.
Hertz Global Holdings (HTZ -0.17%) was downgraded to ‘Underweight’ from ‘Equalweight’ at Barclays.
ANI Pharma (ANIP +0.89%) was initiated a new ‘Buy’ at Canaccord Genuity with a price target of $60.
Tesla (TSLA +0.18%) on Friday night delivered its first mass-market Model 3 electric vehicles with a price tag of $44,000 and a higher-than-expected 310-mile range.
Kearny Financial (KRNY -0.34%) reported in-line EPS of 5 cents.
Ironwood Pharma (IRWD +5.71%) rallied 6% on a positive research note by Wells Fargo.
Today’s Economic Calendar
9:45 Chicago PMI
10:00 Pending Home Sales
10:30 Dallas Fed Manufacturing Survey
3:00 Farm Prices
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY