Before the Open (Oct 16)

Good morning. Happy Monday. Hope you had a good weekend.
The Asian/Pacific markets closed mostly up. Japan, Hong Kong, India, Taiwan, Australia and Thailand did well; China closed down. Europe, Africa and the Middle East are currently doing well. Poland, Greece, Denmark, South Africa and Saudia Arabia are leading; Spain and Portugal are down. Futures in the States point towards a positive open for the cash market.
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VIDEO: There’s a Bull Market Somewhere
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The dollar is up. Oil and copper are up. Gold and silver are up. Bonds are down.
Stock headlines from barchart.com…
Apple (AAPL +0.63%) was upgraded to ‘Overweight’ from ‘Sector Weight’ at KeyBanc Capital Markets with a price target of $187.
Sally Beauty Holdings (SBH -0.85%) was upgraded to ‘Buy’ from ‘Neutral’ at D.A. Davidson with a 12-month target price of $21.
Norfolk Southern (NSC -1.53%) and CSX Corp. (CSX -1.40%) were both downgraded to ‘Market Perform’ from ‘Outperform’ at Wells Fargo Securities.
Valero Energy (VLO +0.22%) was downgraded to ‘Hold’ from ‘Buy’ at Jeffries.
Bristol-Myers Squibb (BMY) was downgraded to ‘Hold’ from ‘Buy’ at Jeffries.
Citigroup (C -0.36%) was downgraded to ‘Sell’ from ‘Hold’ at Societe Generale with a price target of $65.
Alteryx (AYX +0.14%) was initiated a new ‘Buy’ at Bank of America/Merrill Lynch with a price target of $26.
Phillips 66 (PSX +0.10%) was downgraded to ‘Underperform’ from ‘Hold’ at Jeffries.
Adobe Systems (ADBE +0.21%) was downgraded to ‘Hold’ from ‘Buy’ at Deutsche Bank.
Intuitive Surgical (ISRG -0.07%) fell 4% in after-hours trading after TransEnterix, a competitor of Intuitive’s for robotic surgery, said its Senhance System was approved by the FDA. TransEnterix TRXC soared 66% in after-hours trading on the news.
Aratana Therapeutics (PETX unch) surged 15% in after-hours trading after the company said it was making its Entyce drug commercially available to veterinarians in the U.S. for appetite stimulation in dogs.
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Today’s Economic Calendar
8:30 Empire State Mfg Survey
2:00 PM Treasury Budget
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY