Good morning stock market addicts. Happy Monday. Yes, you’re addicted if you’re reading this today.
The Asian/Pacific markets closed mixed. India and Indonesia moved up; Australia was weak. Europe is currently mostly up. France, Germany, Finland, Switzerland, Spain, the Netherlands, Italy, Belgium and Sweden are doing well; Hungary is weak. Futures in the States point towards a moderage gap up open for the cash market.
The dollar is up. Oil is up a small amount; copper is down. Gold and silver are down. Bonds are down.
Stock headlines from barchart.com…
Bankrate (RATE +1.98%) may move higher today after it was acquired by Red Ventures for $1.4 billion or about $14 a share, a 9% premium to last Friday’s close.
Comcast (CMCSA +0.13%) may move higher today after “Despicable Me 3,” the movie from its Universal Pictures Illumination Entertainment, led the North American movie market over the weekend with $75.4 million in ticket sales.
Alphabet (GOOGL -0.87%) said the EU antitrust fine could cut Q2 profit by about $2.74 billion.
In its July 3 issue, Barron’s said that Bristol-Myers Squibb (BMY -0.18%) shares could climb 25% to 40% in the next two to three years as use of its cancer drug grows and its pipeline yields marketable products.
Rice Energy (RICE -0.60%) was downgraded to ‘Hold’ from ‘Buy’ at Williams Capital.
Aerovironment (AVAV +4.66%) was downgraded to ‘Neutral’ from ‘Overweight’ at Piper Jaffray.
Shanda Asset Management cut its stake in Legg Mason ({=LM =}) to 5.8% from 10%.
Turning Point Brands (TPB -1.22%) filed a $200 million mixed securities shelf and registered up to 12.1 million shares to be sold by holders.
Fred’s (FRED -2.94%) fell over 1% in after-hours trading after it registered up to 9.28 million shares for holder Alden Global Capital to sell.
MannKind (MNKD -2.76%) filed to offer up to 7.3 million shares via Series A warrants and filed to offer 2.4 million shares via Series B warrants.
Today’s Economic Calendar
Auto Sales
8:30 Gallup US Consumer Spending Measure
9:45 PMI Manufacturing Index
10:00 ISM Manufacturing Index
10:00 Construction Spending
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY