Before the Open (Jul 9)

Good morning. Happy Monday. Hope you had a good weekend
The Asian/Pacific markets started the week with big gains. Japan, China, Hong Kong, Taiwan, Indonesia and Singapore each rallied more than 1%. Europe, Africa and the Middles East are currently doing well. Turkey, Russia, South Africa, Norway, Portugal and Saudi Arabia are up 1% or more. Futures in the States point towards a moderate gap up open for the cash market.
The dollar is down. Oil is down; copper is up. Gold and silver are up. Bonds are down.
Overnight Stock Movers from barchart.com…
Capital One Financial (COF +0.26%) was upgraded to ‘Outperform’ from ‘Market Perform’ at Oppenheimer with a price target of $113.
Michael Kors (KORS +1.52%) was rated a new ‘Buy’ at HSBC with a price target of $88.
Altice (ATUS +4.66%) was upgraded to ‘Buy’ from ‘Neutral’ at Guggenheim Securities with a price target of $24.
Tractor Supply (TSCO -0.47%) was upgraded to ‘Overweight’ from ‘Equal-Weight’ at Stephens with a price target of $88.
Six Flags Entertainment (SIX +1.00%) was downgraded to ‘Market Perform’ from ‘Outperform’ at Wells Fargo Securities.
GameStop (GME +3.55%) was rated a new ‘Buy’ at Jeffries with a price target of $18.
Ollie’s Bargain Outlet Holdings (OLLI +1.92%) was upgraded to ‘Neutral’ from ‘Sell’ at Citigroup with a price target of $75.
Groupon (GRPN -0.46%) jumped 12% in pre-market trading after two people familiar with the matter said the company has approached several public companies in recent weeks to try to initiate interest in the sale of the company.
Twitter (TWTR +3.53%) fell -0.5% in after-hours trading after the Washington Post reported the company has suspended more than 1 million accounts a day in recent months as it seeks to reduce disinformation on the platform, which may result in a rare decline in the number of monthly users in Q2.
Autolus Therapeutics PLC (AUTL -0.08%) may initially move higher this morning after holder Arix reported a 7.9% stake in the company.
Intrexon (XON +2.90%) may move higher initially this morning on signs of insider trading after CEO Randal Kirk bought 7.48 million shares of his company’s stock at an average price of $13.37 on July 3, according to a filing.
Anavex Life Sciences (AVXL -0.58%) filed to sell $50 million of stock in a “controlled equity offering” via Cantor Fitzgerald.
Today’s Economic Calendar
9:10 Fed’s Kashkari speech
12:30 PM TD Ameritrade IMX
3:00 PM Consumer Credit
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY