Before the Open (Aug 14)

Good morning. Happy Tuesday.
The Asian/Pacific markets closed mixed. Japan, South Korea, India, Taiwan and Australia moved up; Hong Kong, Indonesia, Thailand and the Philippines moved down. Europe, Africa and the Middle East lean a little to the upside but are mostly unchanged. Turkey, Russia, Greece and Hungary are up; South Africa is down. Futures in the States point towards a moderate gap up open for the cash market.
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ChartBook: List of ETFs
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The dollar is down. Oil is up; copper is down. Gold and silver are up. Bonds are down.
Overnight Stock Movers from barchart.com…
Alliance Data Systems (ADS -0.35%) was upgraded to ‘Overweight’ from ‘Neutral’ at JPMorgan Chase with a price target of $281.
HCA Healthcare (HCA +0.37%) was rated a new ‘Overweight’ at Barclays with a price target of $150.
Kaiser Aluminum (KALU -1.07%) was downgraded to ‘Sell’ from ‘Neutral’ at Goldman Sachs with a price target of $101.
Paychex (PAYX +0.20%) was downgraded to ‘Underweight’ from ‘Neutral’ at JPMorgan Chase with a price target of $76.
Chubb Ltd (CB -0.67%) was downgraded to ‘Sell’ from ‘Hold’ at Deutsche Bank with a price target of $126.
DCP Midstream LP (DCP -1.41%) was upgraded to ‘Buy’ from ‘Hold’ at Stifel with a price target of $51.
Yext (YEXT -0.79%) rose 3% in after-hours trading after it was rated a new ‘Buy’ at SunTrust Robinson Humphrey with a price target of $27.
Veritone (VERI +7.63%) slumped almost 15% in after-hours trading after it reported Q2 gross margin of 80.3%, weaker than consensus of 88.2%.
Switch (SWCH -0.64%) plunged more than 20% in after-hours trading after it reported Q2 revenue of $102.2 million, below consensus of $102.8 million, and then lowered its full-year revenue estimate to $405 million to $408 million from a prior view of $423 million to $440 million, weaker than consensus of $428.3 million.
Vipshop Holdings Ltd (VIPS -1.42%) dropped nearly 9% in after-hours trading after it forecast Q3 revenue of 17.3 billion yuan to 18.1 billion yuan, below consensus of 18.76 billion yuan.
Akebia Therapeutics (AKBA -2.49%) was rated a new ‘Outperform’ at Raymond James with a price target of $18.
Gran Tierra Energy (GTE -4.20%) jumped almost 6% in after-hours trading after board member David Smith, bought 77,500 shares of the company’s stock on Friday at an average price of $3.39.
Monday’s Key Earnings
YY Inc. (NASDAQ:YY) -7% AH on weak Q3 guidance.
Vipshop (NYSE:VIPS) -9% AH on earnings miss.
Huya Broadcasting (NYSE:HUYA) -3% AH on light revenue guidance.
Tidewater (NYSE:TDW) +3.9% AH on Q2 earnings.
Switch (NYSE:SWCH) -17.7% AH on Q2 miss, trimmed guidance.
Veritone (NASDAQ:VERI) -25% AH on earnings miss.
Today’s Economic Calendar
6:00 NFIB Small Business Optimism Index
8:30 Import/Export Prices
8:55 Redbook Chain Store Sales
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY