Before the Open (Mar 5)

Posted on by Jason Leavitt

Good morning. Happy Monday. Hope you had a good weekend.
The Asian/Pacific markets closed mostly down. Hong Kong, South Korea, India and Singapore each dropped more than 1%. Europe, Africa and the Middle East lean to the upside. Germany, Finland, Russia, Switzerland, Norway, Hungary, the Netherlands, Sweden and the Czech Republic are doing well; Greece, Italy and Israel are weak. Futures in the States point a down open for the cash market.
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The dollar is up. Bitcoin is up. Oil is up; copper is down. Gold and silver lean up. Bonds are up.
Stock headlines from barchart.com…
VMware (VMW -5.92%) was downgraded to ‘Neutral’ from ‘Long-term Buy’ at Hilliard Lyons.
Monster Beverage (MNST -0.11%) was upgraded to ‘Buy’ from ‘Hold’ at Deutsche Bank with a price target of $63.
Park Hotels (PK -5.82%) was downgraded to ‘Underperform’ from ‘Neutral’ at Bank of America/Merrill Lynch with a price target of $22.
H&R Block (HRB -1.75%) was upgraded to ‘Buy’ from ‘Neutral’ at Northcoast Research.
Finisar (FNSR +1.91%) was downgraded to ‘Outperform’ from ‘Strong Buy’ at Raymond James.
Teradata (TDC +2.75%) may open higher this morning after it was upgraded to ‘Market-perform’ from ‘Underperform’ at Bernstein.
Vornado (VNO +0.14%) said after the market closed Friday that it sees a Q1 charge of 11 cents on New York City property transfer taxes.
IPG Photonics (IPGP +0.34%) will replace Scripps Networks in the S&P 500 prior to the open of trading on Wednesday, March 7.
New York Mortgage Trust (NYMT +1.99%) will replace ALLETE in the S&P SmallCap 600 prior to the open of trading on Wednesday, March 7.
ALLETE (ALE -0.03%) will replace IPG Photonics in the S&P MidCap 400 prior to the open of trading on Wednesday, March 7.
Clearside Biomedical (CLSD +11.24%) gained nearly 3% in after-hours trading after it said it will release results on Monday before the market opens from its Phase 3 clinical trial of its suprachhoroidal CLS-TA in patients with macular edema.
Today’s Economic Calendar
9:45 PMI Services Index
10:00 ISM Non-Manufacturing Index
12:30 PM TD Ameritrade IMX
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY

3 thoughts on “Before the Open (Mar 5)”

  1. Current market valuations are consistent with negative expected returns for the S&P 500 over the coming 10-12 years, with a likely market loss of more than -60% in the interim. Am holding a VT position with 10% of my funds just in case I am wrong. Happens to old men.

  3. Today is the calm before the storm.
    The stock market is on a collision course as planned.
    Speculation suggests the gold/asset-standard could be introduced prior to the stock market crash.
    However, the stock market crash plays an essential role in bankrupting the Cabal.

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