Before the Open (Apr 10)

Good morning. Happy Tuesday.
The Asian/Pacific markets closed mostly up. China, Hong Kong, Australia, Malaysia and Indonesia led the way. Europe, Africa and the Middle East are currently mostly up. The UK, Germany, Greece, South Africa, Norway and Israel are posting the biggest gains; Turkey and Hungary are down. Futures in the States point towards a relatively big gap up open for the cash market.
—————
Join our email list – get technical research reports sent directly to you.
—————

The dollar is down. Bitcoin is down. Oil and copper are up. Gold and silver are up. Bonds lean down.
Stock headlines from barchart.com…
Becton Dickinson (BDX +0.88%) was upgraded to ‘Buy’ from ‘Neutral’ at Citigroup with a price target of $251.
NVIDIA (NVDA +0.54%) gained nearly 2% in after-hours trading after it was raised to ‘Overweight’ from ‘Equal-Weight’ at Morgan Stanley with a price target of $238.
Goldman Sachs (GS +0.89%) may open higher this morning after it was recommended with an ‘Outperform’ rating at Bernstein with a price target of $300.
CME Group (CME +0.58%) was rated a new ‘Outperform’ at Bernstein with a price target of $190.
Intercontinental Exchange (ICE +0.38%) was rated a new ‘Outperform’ at Bernstein with a price target of $85.
Live Nation (LYV -1.14%) was upgraded to ‘Buy’ from ‘Neutral’ at Citigroup.
Etsy (ETSY -0.11%) may open higher this morning after it was rated a new ‘Buy’ at Loop Capital Markets with a price target of $32.
Seagate Technology (STX -0.58%) may open higher this morning after it was upgraded to ‘Overweight’ from ‘Equal-Weight’ at Morgan Stanley with a price target of $72.
United Airlines (UAL -0.16%) reported March consolidated traffic rose +6.5% and said it sees Q1 capacity increasing +3.6% and prasm rising +2.7%
Tupperware Brands (TUP -0.38%) fell almost 5% in after-hours trading after it said it sees preliminary Q1 adjusted EPS of 87 cents to 92 cents, weaker than a prior estimate of $1.01 to $1.06.
Energous (WATT +5.25%) surged almost 20% in after-hours trading after it said it received FCC certification for its 900 MHz WattUp Near Field transmitter.
EMCORE Corp (EMKR unch) tumbled more than 10% in after-hours trading after it reported Q2 preliminary revenue of $18 million to $19 million, lower than previous guidance of $21 million to $23 million, citing significant demand shortfall from one major customer.
Pingtan Marine Enterprises Ltd (PME +9.61%) rallied over 16% in after-hours trading after it increased its current production capacity as it said 27 fishing vessels are now approved to operate in international waters of the Indian Ocean.
Today’s Economic Calendar
6:00 NFIB Small Business Optimism Index
8:30 Producer Price Index
8:55 Redbook Chain Store Sales
10:00 Wholesale Trade
1:00 PM Results of $30B, 3-Year Note Auction
6:30 PM Fed’s Bostic Speech

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

2 thoughts on “Before the Open (Apr 10)

Leave a Reply