Good morning. Happy Monday. Hope you had a good weekend.
The Asian/Pacific markets leaned to the downside. Japan, South Korea, India and Thailand closed down the most. Europe, Africa and the Middle East currently lean down too. Turkey and Hungary are down more than 1%; the UK, Poland, Germany, Israel and Sweden are also weak. Futures in the States point towards a moderate gap down open for the cash market.
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VIDEO: State of the Market
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The dollar is down. Bitcoin is up. Oil and copper are down. Gold and silver are flat. Bonds are down.
Stock headlines from barchart.com…
Tesla (TSLA -1.31%) slid nearly 2% in pre-market trading after Goldman Sachs said the company’s Model 3 deliveries will fall “well short” of consensus expectations
GrubHub (GRUB -0.32%) was downgraded to ‘Hold’ from ‘Buy’ at Stifel.
Zoetis (ZTS -0.11%) was downgraded to ‘Equal-Weight’ from ‘Overweight’ at Morgan Stanley.
Jazz Pharmaceuticals PLC (JAZZ +3.62%) was upgraded to ‘Overweight’ from ‘Equal-Weight’ at Morgan Stanley with a price target of $183.
Amdocs Ltd (DOX +0.50%) was upgraded to ‘Buy’ from ‘Hold’ at Jeffries.
Newell Brands (NWL -0.80%) gained over 2% in after-hours trading after activist investor Carl Icahn reported a 6.86% stake in the company.
A10 Networks (ATEN +0.46%) was downgraded to ‘Neutral’ from ‘Buy’ at D.A. Davidson & Co.
Nobility Homes (NOBH -17.35%) may move higher this morning after Gamco Investors reported a 12.68% stake in the company.
Liberty Media (FWONA -0.39%) may move higher this morning after Gamco Investors reported a 10.96% stake in the company.
Moneygram International (MGI -5.08%) may move higher this morning after it reported Q4 revenue of $408.2 million, better than consensus of $303.8 million.
Geron (GERN -3.16%) slid 3% in after-hours trading after it reported Q4 revenue of $0.19 million, weaker than consensus of $0.41 million.
Thursday’s Key Earnings
Adobe (NASDAQ:ADBE) +3.8% AH on strong subscriber growth.
Broadcom (AVGO) -1.8% AH despite FQ1 beat, Brocade buy.
Dollar General (NYSE:DG) +4.8% posting a solid holiday quarter.
Today’s Economic Calendar
none
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY
4 thoughts on “Before the Open (Mar 19)”
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Traders are awaiting the looming FOMC meeting scheduled this week. Holding for a resumption of buying this week.
the fed follows LIBOR ,which is the market
the fed is useless,should be bankrupted and done away with after liquidation
–the liquidator
if the USD is consolidating for another leg lower, watch out below. falling US dollar has been positive for stocks last year, as stocks are flat in terms of euros. if the dollar continues to collapse, things may become disorderly across the globe, as that will increasingly begin to mean something else.
usd up–the euro to be liquidated after the instos are liquidated