Before the Open (Jul 6)

Good morning. Happy Friday. Happy Employment Numbers Day.
The Asian/Pacific markets closed mixed and with some big movers in each direction. Japan, China, South Korea, Australia and Thailand did well; Malaysia, Indonesia, Singapore and the Philippines did poorly. Europe, Africa and the Middle East lean to the downside. Denmark and Kenya are doing well while Turkey, Russia, South Africa, Norway and Saudi Arabia are down. Futures in the States [prior to the jobs report] are down.
The dollar is down. Oil and copper are down. Gold and silver are down. Bonds are up.
Here are the employment figures.
unemployment rate: 4.0% (was 3.8% last month)
nonfarm payrolls: +213K
private payrolls:
average workweek: flat at 34.5 hours
hourly wages: up 5 cents to $26.98
labor participation rate:
April and May job gains revised up by a combined 37K.
S&P futures jumped about 12 points after the news…but are now backing off some.
Overnight Stock Movers from barchart.com…
LSC Communications (LKSD +1.18%) was downgraded to ‘Underweight’ from ‘Neutral’ at JP Morgan Chase with a price target of $14.
U.S. Silica (SLCA +0.04%) was downgraded to ‘Neutral’ from ‘Buy’ at Guggenheim.
Gannett (GCI +0.56%) was downgraded to ‘Underweight’ from ‘Neutral’ at JPMorgan Chase with a price target of $10.
Biogen (BIIB +1.81%) jumped 13% in pre-market-trading after its BAN2401 drug for treating Alzheimer’s disease showed a significant slowing of disease progression in the brain during a Phase 2 trial.
Dollar General (DG +0.02%) was rated a ‘Buy’ at Citigroup.
ManTech International (MANT -0.02%) was upgraded to ‘Buy’ from ‘Hold’ at SunTrust Robinson Humphrey with a price target of $66.
PriceSmart (PSMT +2.24%) dropped 6% in after-hours trading after it reported Q3 net income of $18.7 million versus $18.8 million y/y.
Starbucks (SBUX -0.33%) was upgraded to ‘Hold’ from ‘Sell’ at DZ Bank AG.
Arbutus Biopharma (ABUS +9.64%) was downgraded to ‘Neutral’ from ‘Buy’ at B Riley FBR.
Tetra Technologies (TTI +1.80%) was rated a new ‘Buy’ at B Riley FBR with a price target of $8.
Civeo (CVEO +0.75%) rallied 8% in after-hours trading after the company won contracts worth C$100 million to provide facilities for the Coastal GasLink pipeline project in British Columbia.
Today’s Economic Calendar
8:30 Non-farm payrolls
8:30 International Trade
10:30 EIA Natural Gas Inventory
1:00 PM Baker-Hughes Rig Count
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY