Good morning. Happy Monday. Hope you had a good weekend.
The Asian/Pacific markets closed mixed. China and Japan moved up; India, Indonesia and the Philippines moved down. Europe, Africa and the Middle East currently lean to the upside. Turkey, Greece, Denmark, Russia and Switzerland are up the most; Kenya is weak. Futures in the States point to a mixed and flat open for the cash market.
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Podcast: with Chat With Traders
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The dollar is down slightly. Oil is flat; copper is up. Gold and silver are up. Bonds are up.
Stock headlines from barchart.com…
Foot Locker (FL -27.92%) fell 1% in pre-market trading after it was downgraded to ‘Neutral’ from ‘Buy’ at UBS.
Finish Line (FINL -8.17%) was downgraded to ‘Sell’ from ‘Neutral’ at UBS with a price target of $9.
Nike (NKE -4.37%) was downgraded to ‘Hold’ from ‘Buy’ at Jeffries.
Advanced Auto Parts (AAP +0.44%) was upgraded to ‘Equal-Weight’ from ‘Underweight’ at Barclays.
Lululemon (LULU -1.41%) was upgraded to ‘Buy’ from ‘Underperform’ at Bank of America/Merrill Lynch with a price target of $70.
Snap-On (SNA -0.58%) was downgraded to ‘Neutral’ from ‘Buy’ at Longbow Research.
Sturm Ruger (RGR +1.13%) was initiated a new ‘Buy’ at Aegis with a price target of $67.
Calpine (CPN +10.52%) was downgraded to ‘Neutral’ from ‘Buy’ at Guggenheim Securities.
Flex Ltd (FLEX -1.83%) gained over 1% in after-hours trading after the company received shareholder approval to purchase up to 20% of its outstanding shares.
LendingClub (LC +2.23%) rose almost 2% in after-hours trading after Director Ciporin disclosed a 10,000-share purchase of LendingClub’s stock.
Today’s Economic Calendar
8:30 Chicago Fed National Activity Index
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY