Before the Open (Aug 6)

Good morning. Happy Monday. Hope you had a good weekend.
The Asian/Pacific markets closed mixed. New Zealand, Australia, Indonesia and Singapore did well; Japan, China and Thailand were weak. Europe, Africa and the Middle East are currently mixed and little changed. Austria and Hungary are up; Denmark, Turkey, South Africa are down. Futures in the States point toward a flat open for the cash market.
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REPORT: LB Weekly – our weekly report, which covers the trends and the staying power of the trends. It is part of a LeavittBrothers.com subscription or can be subscribed to by itself at LeavittBrothers.net.
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The dollar is up. Oil is up; copper is down. Gold and silver are down. Bonds are flat.
Overnight Stock Movers from barchart.com…
Devon Energy (DVN -2.03%) was upgraded to ‘Buy’ from ‘Neutral’ at UBS with a price target of $53.
Qualcomm (QCOM +0.97%) was upgraded to ‘Outperform’ from ‘Market Perform’ at Cowen with a price target of $80.
Comcast (CMCSA +2.22%) was upgraded to ‘Overweight’ from ‘Neutral’ at Atlantic Equities LLP with a price target of $42.
Madrigal Pharmaceuticals (MDGL -0.16%) was downgraded to ‘Neutral’ from ‘Buy’ at Goldman Sachs.
Intercept Pharmaceuticals (ICPT -3.54%) was upgraded to ‘Buy’ from ‘Sell’ at Goldman Sachs with a price target of $157.
PG&E (PCG +1.54%) was upgraded to ‘Outperform’ from ‘Market Perform’ a Wells Fargo Securities with a price target of $60.
Applied Materials (AMAT +1.52%) was upgraded to ‘Outperform’ from ‘Market Perform’ at Cowen with a price target of $62.
Omega Healthcare (OHI +0.97%) climbed more than 5% in after-hours trading after it raised the lower end of its full-year FFO range to $3.03 to $3.06 from a May 7 view of $2.96 to $3.06.
China Biologic Products Holdings (CBPO -1.76%) fell 2% in after-hours trading after it forecast full-year non-GAAP adjusted net income to decrease by 19% to 21% in RMB terms over full year 2017 financial results.
WPX Energy (WPX -4.30%) was upgraded to ‘Strong Buy’ from ‘Outperform’ at Raymond James with a price target of $30.
Arlo Technologies (ARLO +19.46%) rose more than 2% in after-hours trading on positive carry-over from Friday’s 38% surge in the stock’s first day of trading.
Today’s Economic Calendar
12:30 PM TD Ameritrade IMX
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY