Before the Open (Dec 4)

Posted on by Jason Leavitt

Good morning. Happy Monday. Hope you had a good weekend.
The Asian/Pacific markets closed mostly up. Hong Kong, South Korea, Taiwan and Indonesia did well; Japan and the Philippines posted losses. Europe, Africa and the Middle East are currently mostly up. France, Turkey, Germany, Switzerland, Italy, Sweden, the Netherlands, Spain and Austria are up more than 1%; Greece and Hungary are down. Futures in the States point towards a relatively big gap up open for the cash market.
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The dollar is up. Oil is down; copper is up. Gold and silver are down. Bonds are down.
Stock headlines from barchart.com…
Netflix (NFLX -0.41%) was initiated with a recommendation of ‘Buy’ at Moness, Crespi, Hardt & Co with a 12-month target price of $250.
United Parcel Service (UPS -0.94%) was upgraded to ‘Buy’ from ‘Hold’ at Deutsche Bank.
Host Hotels (HST -1.41%) was upgraded to ‘Buy’ from ‘Neutral’ at BTIG LLC with a 12-month target price of $22.
Marvell Technology Group Ltd (MRVL -0.72%) was downgraded to ‘Hold’ from ‘Buy’ at Benchmark Company LLC.
eBay (EBAY +1.53%) was upgraded to ‘Outperform’ from ‘Market Perform’ at BMO Capital Markets with a price target of $45.
American Homes (AMH +0.37%) was upgraded to ‘Outperform’ from ‘In-line’ t Evercore ISI with a target price of $25.
Palo Alto Networks (PANW -1.36%) was upgraded to ‘Outperform’ from ‘Market Perform’ at William Blair & Co.
Globus Medical (GMED -1.03%) was upgraded to ‘Outperform’ from ‘Market Perform’ at Wells Fargo Securities with a price target of $46.
Old Dominion Freight Line (ODFL -1.42%) was downgraded to ‘Sell’ from ‘Hold’ at Deutsche Bank with a price target of $101.
Nabors Industries Ltd (NBR +5.30%) rose 2% in after-hours trading after it announced the commencement of a joint venture with Saudi Aramco.
Amgen (AMGN +0.88%) gained +0.2% in after-hours trading after its Repatha drug was approved by the FDA to prevent heart attack and stroke.
Signet Jewelers (SIG -0.57%) lost 1% in after-hours trading after the Consumer Financial Protection Bureau cited alleged violations by Signet under the Truth in Lending Acts related to in-store credit practices, promotions, and payment protection products.
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One thought on “Before the Open (Dec 4)”

  1. The U.S.’s currency crisis is probably still 5-10 years down the line. But it is not too early to begin setting up survival plans.The assets associated with the underlying phenomenon of run away debt such as Congress has allowed may begin to move well in advance of effects on the dollar.
    Possible assets to own are commodities such as oil, gold, silver and other metals, as they are priced in dollars and represent great hedges in case of a possible default or gross inflation of the dollar. I will not play bitcoin investments because they are not fungible in exchange as yet and may never be. Am I a little hyped? Yes, but I have run businesses in Iran and China AND inflation/debt COMES QUICK and hard. We should be very careful and make a few plans.

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