Before the Open (Nov 6)

Good morning. Happy Monday. Hope you had a good weekend.
The Asian/Pacific markets traded quietly and closed with a slight lean to the upside. China, Thailand and the Philippines posted gains; South Korea fell. Europe, Africa and the Middle East are trading mixed. Poland, Turkey, Denmark, South Africa, Kenya and Hungary are up; the UAE, Greece, Spain, Portugal and Austria are down. Futures in the States point towards a flat open for the cash market.
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The dollar is flat. Oil and copper are up. Gold and silver are up. Bonds are up.
Stock headlines from barchart.com…
Cavium (CAVM +3.42%) jumped 14% in pre-market trading after the WSJ reported that Marvell Technology is in advanced talks to combine with Cavium. Marvell Technology (MRVL +1.26%) dropped 9% in pre-market trading on the news.
Dish Network (DISH -0.41%) was upgraded to ‘Buy’ from ‘Hold’ at Pivotal Research Group LLC with a price target of $65.
Berkshire Hathaway ({=BRK/A=}) lost almost 1% in after-hours trading after it reported Q3 operating EPS of $2,094, below consensus of $2,347.
Qualcomm (QCOM +12.71%) gained over 1% in after-hours trading after Nomura said that Broadcom paying $70 a share for Qualcomm feels a “little low.”
Host Hotels (HST +0.87%) was upgraded to ‘Outperform’ from ‘Market Perform’ at Wells Fargo Securities with a price target of $21.
Hyatt Hotels (H +0.97%) were downgraded to ‘Neutral’ from ‘Outperform’ at B Riley FBR.
Twitter (TWTR +0.96%) was upgraded to ‘Neutral’ from ‘Sell’ at Citigroup.
Electronics for Imaging (EFII +0.64%) was downgraded to ‘Equal-Weight’ from ‘Overweight’ at Barclays.
Hilton (HLT +0.99%) was downgraded to ‘Market Perform’ from ‘Outperform’ at Wells Fargo Securities.
TherapeuticsMD (TXMD -5.42%) rose over 3% in after-hours trading after it said it will provide a “TX-004HR regulatory update” with its Q3 earnings conference call Monday morning.
Sprint (S +3.73%) was downgraded to ‘Underweight’ from ‘Sector Weight’ at Keybanc Capital Markets with a 12-month target price of $5.50.
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Today’s Economic Calendar
12:30 PM TD Ameritrade IMX

Other
today’s upgrades/downgrades from briefing.com
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this week’s Economic Numbers/Reports powered by ECONODAY

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