Before the Open (Nov 24)

Good morning. Happy Friday.
The Asian/Pacific markets closed mostly up. Hong Kong, New Zealand and Singapore did the best; Thailand was weak. Europe, Africa and the Middle East are currently mostly up. France, Germany, the UAE, Greece, Russia, Israel, Austria, Saudi Arabia and the Czech Republic are leading; Poland is weak. Futures in the States point towards a moderate gap up open for the cash market.
—————
VIDEO: LeavittBrothers.net Overview
—————

The dollar is down. Oil and copper are up. Gold and silver are down. Bonds are down.
Stock headlines from barchart.com…
Johnson & Johnson (JNJ -0.76%) may move higher this morning after China announced that it will remove the tariff on diapers and some baby formula imports as of Dec 1.
Bank of America (BAC -0.26%) was raised to A- from BBB+ by S&P with a stable outlook.
Marriott International (MAR -0.96%) was reinstated with a ‘Buy’ at Canaccord Genuity.
Kosmos Energy (KOS +1.52%) was initiated with an ‘Outperform’ at Exane BNP Paribas.
Frontline Ltd (FRO -2.39%) was downgraded to ‘Sell’ from ‘Hold’ at ABG Sundal Collier.
Vipshop Holdings ADRs ({=VIPS =}) was downgraded to ‘Hold’ from ‘buy’ at ICBC Research.
SandRidge (SD +5.29%) climbed over 5% in after-hours trading after DJ reported that Carl Icahn bought a 13% stake in the company.
DaVita (DVA +0.40%) gained over 2% in after-hours trading after Reuters reported the company is exploring the sale of its physician network business for as much as $4 billion.
Variety reported that 21st Century Fox (FOXA -0.87%) is continuing to engage in preliminary discussions with Comcast, Disney and other potential suitors for the sale of some of its assets.
Today’s Economic Calendar
9:45 PMI Composite Flash
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

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

One thought on “Before the Open (Nov 24)

  1. Germany, currently the fourth largest economy in the world,is absolutely dependent on its customers’ ability to buy. In a country where almost half of the gross domestic product (OTC:GDP) comes from exports, a 5% decline in exports leads to an almost 2.5% decrease in German GDP quickly. Things can go downhill faster in the EU then most believe possible. Have a care things are threatening…… maybe more so I understand.

Leave a Reply