Good morning. Happy Tuesday. Hope you had a good, long weekend.
The Asian/Pacific markets leaned to the upside. China, Hong Kong, South Korea and the Philippines did well; India and Indonesia were weak. Europe, Africa and the Middle East are currently mostly down. Denmark, Poland, France, Germany, Greece, Finland, Switzerland and Kenya are down more than 1%. Futures in the States point towards a down open for the cash market.
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Blog: Advice from Warren Buffett
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The dollar is up. Oil is up $1.50; copper is down. Gold and silver are down. Bonds are down.
Overnight Stock Movers from barchart.com…
Cognizant Technology Solutions (CTSH +1.34%) was downgraded to ‘Underperform’ from ‘Buy’ as Bank of America/Merrill Lynch who lowered their price target on the stock to $81 from $91.
Signet Jewelers Ltd (SIG -5.14%) was downgraded to ‘Sell’ from ‘Neutral’ at Citigroup with a price target of $52.
Zumiez (ZUMZ +4.36%) was upgraded to ‘Buy’ from ‘Hold’ at Pivotal Research Group LLC with a price target of $36.
FifthThird Bancorp (FITB +0.51%) was upgraded to ‘Outperform’ from ‘Neutral’ at Wedbush with a price target of $34.
Albemarle (ALB +0.49%) was upgraded to ‘Buy’ from ‘Hold’ at SunTrust Robinson Humphrey with a price target of $115.
Crispr Therapeutics Files (CRSP +6.00%) fell -1% in after-hours trading on Friday after news that it will offer up to $125 million in new shares.
Burlington Stores (BURL +1.93%) was rated at Neutral at Goldman with a price target of $179.
Ross Stores (ROST +0.92%) was rated Neutral at Goldman with a price target of $104.
Macy’s (M +1.61%) was rated as a Sell at Goldman with a price target of $33
Kohl’s (KSS +1.06%) was trading as a Buy at Goldman with a price target of $91.
Nordstrom (JWN +0.96%) was rated as a Buy at Goldman with a price target of $73.
Dollar Tree (DLTR +0.92%) was downgraded to neutral at JPMorgan with price target of $90.
Catalyst Pharmaceuticals (CPRX +11.96%) rallied 4% in after-hours trading.
Today’s Economic Calendar
9:45 PMI Manufacturing Index
10:00 ISM Manufacturing Index
10:00 Construction Spending
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY