Before the Open (Aug 21)

Good morning. Happy Tuesday.
The Asian/Pacific markets closed with a lean to the upside. China, Hong Kong, South Korea, Taiwan and Malaysia did well; Japan, Australia and the Philippines were weak. Europe, Africa and the Middle East are currently doing very well. Denmark, Poland, France, Turkey, Germany, Finland, Hungary, Spain, Italy and Austria are doing well; Greece is weak. Futures in the States point towards a positive open for the cash market.
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ChartBook: List of ETFs
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The dollar is down. Oil and copper are up. Gold and silver are up. Bonds are down.
Overnight Stock Movers from barchart.com…
Apple (AAPL -0.97%) gained nearly 1% in pre-market trading after Bank of America/Merrill Lynch reiterated its ‘Buy’ rating on the stock and raised their price target on Apple to $250 from $230.
Discovery (DISCA +3.60%) was upgraded to ‘Buy’ from ‘Hold’ at Jeffries with a price target of $34.
Ingersoll-Rand Plc (IR +0.02%) was rated a new ‘Overweight’ at Morgan Stanley with a price target of $111.
MercadoLibre (MELI -1.37%) lost 1% in after-hours trading after it reported an $800 million convertible senior note offering.
fLennox International (LII +1.19%) was rated a new ‘Underweight’ at Morgan Stanley with a price target of $201.
Honeywell International (HON +0.19%) was rated a new ‘Overweight’ at Morgan Stanley with a price target of $175.
Nordson (NDSN -0.22%) dropped nearly 9% in after-hours trading after it forecast Q4 EPS of $1.38 to $1.64, the midpoint below consensus of $1.53.
Conagra Brands (CAG +0.08%) was rated a new ‘Overweight’ at Stephens with a price target of $45.
Paylocity Holding (PCTY +1.07%) was rated a new ‘Buy’ at Guggenheim Securities with a price target of $80.
Fabrinet (FN +0.78%) climbed more than 6% in after-hours trading after it reported Q4 revenue of $345.3 million, above consensus of $338.0 million, and then forecast Q1 revenue of $347 million to $355 million, the midpoint above consensus of $348.3 million.
Workday (WDAY +0.45%) was upgraded to ‘Buy’ from suspended coverage at Guggenheim Securities with a price target of $175.
Jeffries Financial Group (JEF) was rated a new ‘Outperform’ at Keefe, Bruyette & Woods with a price target of $29.
Appian (APPN +0.11%) slid more than 2% in after-hours trading after it announced the launch of a proposed underwritten public offering of 2.0 million shares of its Class A common stock, of which 1.675 million are being offered by Appian and 325,000 shares are being offered by existing stockholders of Appian.
Vital Therapies (VTL unch) gained more than 2% in after-hours trading after it was rated a new ‘Overweight’ at Cantor Fitzgerald with a price target of $18.
Today’s Economic Calendar
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