Before the Open (Sep 5)

Posted on by Jason Leavitt

Good morning. Happy Monday. Hope you had a good, long weekend.
The Asian/Pacific markets traded quietly today. India, Taiwan and Singapore posted gains while Japan and New Zealand posted losses. Europe, Africa and the Middle East are currently little changed. Poland, Germany and Bulgaria are up; Turkey and the Czech Republic are down. Futures in the States point towards a gaps down open for the cash market.
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VIDEO: There’s a Bull Market Somewhere
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The dollar is down a small amount. Oil and copper are up. Gold and silver are up. Bonds are up.
Stock headlines from barchart.com…
Charter Communications (CHTR -1.52%) was downgraded to ‘Market Perform’ from ‘Outperform’ at Telsey Advisory Group.
Viacom (VIAB -0.28%) was downgraded to ‘Market Perform’ from ‘Outperform’ at Wells Fargo Securities.
Carters (CRI +2.44%) was initiated a new ‘Buy’ at Goldman Sachs with a price target of $105.
Lowe’s (LOW +1.03%) was reinstated a ‘Buy’ at Bank of America/Merrill Lynch with a price target of $95.
Allison Transmission Holdings (ALSN +0.89%) was downgraded to ‘Sell’ from ‘Hold’ at Deutsche Bank.
Home Depot (HD +0.61%) was reinstated a ‘Buy’ at Bank of America/Merrill Lynch with a price target of $170.
Disney (DIS +0.30%) was upgraded to ‘Outperform’ from ‘Market Perform’ at Wells Fargo Securities.
U.S. Steel (X +1.43%) was upgraded to ‘Buy’ from ‘Neutral’ at Bank of America/Merrill Lynch with a price target of $31.
Huntington Ingalls Industries (HII +0.50%) won a $2.8 billion contract from the U.S. Navy for overhauling the USS George Washington refueling complex in Newport News, Virginia that is expected to be completed by Aug, 2021.
DowDuPont (DWDP +0.80%) was initiated with a ‘Buy’ at UBS with a 12-month target price of $75.
Today’s Economic Calendar
7:30 Fed’s Reserve Gov. Lael Brainard speech
10:00 Factory Orders
12:30 PM TD Ameritrade IMX
2:00 PM Gallup US ECI
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY

3 thoughts on “Before the Open (Sep 5)”

  1. Things are not dull this AM. I am still looking for fall pressure,Congressional budget deal?, new weather attack in the atlantic. Nothing to buy,there. O yes N Korea seems fraught with problems. Best.

  2. chop chop,toil and trouble as we end final wave 4 down,or has it ended and MINUTE WAVE FIVE up to end the bull ship from 2009 on funny money
    the world cant pay for its funny money and when the bond holder and sovering debt holders get done with fed money withdraw
    well their is no more room to kick the can down the road AND NO PROSPERITY-stag inflation,and possible war
    but who will pay according to the chats the bond holder and markets
    buy panda bears gold eagles and kangaroos
    the end is near–learn to short sell as a daytrader

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