Before the Open (Nov 13)

Posted on by Jason Leavitt

Good morning. Happy Monday. Hope you had a good weekend.
The Asian/Pacific markets closed with a lean to the downside. China posted a gain, but Japan, South Korea, India and the Philippines posted losses. Europe, Africa and the Middle East are currently mostly down. Greece, Denmark and Portugal are down more than 1%; France, Poland, Germany, Finland, Norway, Italy, Austria and Sweden are also weak. Hungary is up. Futures in the States point towards a moderate gap down open for the cash market.
Webinar Series…
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Webinar: The Real Keys to Surviving and Making Solid Profits in the Market, Part I
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Webinar: The Real Keys to Surviving and Making Solid Profits in the Market, Part II
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Webinar: The Real Keys to Surviving and Making Solid Profits in the Market, Part III
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The dollar is flat. Oil is up; copper is flat. Gold and silver are up slightly. Bonds are up.
Stock headlines from barchart.com…
General Electric (GE +2.50%) said it will cut its quarterly dividend by 50% to 12 cents a share from 24 cents a share.
Equifax (EFX -0.19%) was downgraded to ‘Hold’ from ‘Buy’ at Stifel.
Time Warner (TWX +4.08%) was upgraded to ‘Buy’ from ‘Neutral’ at Rosenblatt Securities with a price target of $103.
MercadoLibre (MELI +1.67%) was downgraded to ‘Sell’ from ‘Fairly Valued’ at Nau Securities with a price target of $240.
TD Ameritrade (AMTD +0.99%) was upgraded to ‘Buy’ from ‘Hold’ at Deutsche Bank.
Nvidia (NVDA +5.27%) was upgraded to ‘Market Perform’ from ‘Underperform’ at BMO Capital Markets.
Autodesk (ADSK +0.58%) was upgraded to ‘Buy’ from ‘Neutral’ at Guggenheim Securities with a price target of $150.
Exact Sciences (EXAS +2.01%) was downgraded to ‘Neutral’ from ‘Outperform’ with a price target of $56.
JM Smucker (SJM +1.48%) was upgraded to ‘Positive’ from ‘Neutral’ at Susquehanna Financial with a price target of $127.
Mattel (MAT +4.95%) surged over 20% in pre-market trading after the WSJ reported Hasbro has discussed an acquisition of Mattel. Hasbro (HAS +3.11%) moved up nearly 3% on the news.
Today’s Economic Calendar
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

5 thoughts on “Before the Open (Nov 13)”

  4. wave 1 down has finished
    wave 2 up is finishing now
    wave 3 down is to come
    alternatively their will be new highs
    unlikely– look at german dax ,ftse jap n225 ,aussie spi
    for fair trade u have to have fair currencies–unlikely

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