Before the Open (Apr 30)

Good morning. Happy Monday. Hope you had a good weekend.
The Asian/Pacific markets are mostly up. Hong Kong, Indonesia, Singapore and the Philippines are up more than 1%; South Korea, India, New Zealand, Taiwan and Austria are also doing well. Europe, Africa and the Middle East are currently quiet and mixed. Poland, Greece and South Africa are up; Turkey, Norway, Sweden and the Czech Republic are down. Futures in the States currently point towards a positive open for the cash market.
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VIDEO: There’s a Bull Market Somewhere
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The dollar is up. Oil is down; copper is unchanged. Gold and silver are down. Bonds are down.
Stock headlines from barchart.com…
Andeavor (ANDV -2.21%) may open to the upside this morning after Marathon Petroleum agreed to buy the company for $23.3 billion, or about $152.27 a share, a 24% premium over Friday’s close.
Wells Fargo (WFC -0.15%) was upgraded to ‘Outperform’ from ‘Underperform’ at Macquarie.
Spirit Airlines (SAVE +0.25%) was upgraded to ‘Overweight’ from ‘Underweight’ at JPMorgan Chase with a price target of $46.
Altria (MO +2.48%) was upgraded to ‘Outperform’ from ‘Sector Perform’ at RBC Capital Markets with a price target of $65.
FirstEnergy (FE +0.03%) was upgraded to ‘Outperform’ from ‘Market Perform’ at Wells Fargo Securities with a price target of $41.
Aaron’s (AAN -1.30%) was upgraded to ‘Buy’ from ‘Hold’ at Loop Capital Markets with a price target of $52.
Colgate-Palmolive (CL -0.02%) was downgraded to ‘Equal-Weight’ from ‘Overweight’ at Morgan Stanley.
Spotify (SPOT +2.16%) was rated a new ‘Buy’ at Goldman Sachs with a price target of $190.
Twin Disc (TWIN +0.51%) may move higher this morning after Gamco Investors reported an 18.23% stake in Twin Disc after the markets closed Friday.
Lockheed Martin (LMT -2.53%) was awarded a $828.7 million-dollar contract from the U.S. Army for Guided Multiple Launch Rocket Systems.
Kearny Financial (KRNY -0.37%) reported Q3 net interest margin of 2.41%, higher than consensus of 2.39%.
Sprint (S +8.33%) fell 6% in after-hours trading after CNBC reported T-Mobile was near a deal to acquire sprint for $24 billion, of $6.50 a share. T-Mobile (TMUS +0.66%) rose 1% on the news.
Today’s Economic Calendar
8:30 Personal Income and Outlays
9:45 Chicago PMI
10:00 Pending Home Sales
10:30 Dallas Fed Manufacturing Survey
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY