Good morning. Happy Monday. Hope you had a good weekend.
The Asian/Pacific markets leaned to the downside. Japan and Malaysia did well; China, Hong Kong, South Korea, Indonesia and India were weak. Europe, Africa and the Middle East currently lean to the downside. Spain, Italy, Portugal, Israel and Saudi Arabia are up while Denmark, Poland, Turkey, the UAE, South Africa, Switzerland and Hungary are down. Futures in the States point towards a down open for the cash market.
—————
BLOG: RSI – Everything You Need to Know
—————
The dollar is down. Oil is up; copper is down. Gold and silver are up. Bonds are down.
Overnight Stock Movers from barchart.com…
Sensata Technologies Holding PLC (ST +1.31%) was downgraded to ‘Underweight’ from ‘Equal-Weight’ at Morgan Stanley with a price target of $47.
Hormel Foods (HRL -0.66%) was downgraded to ‘Market Perform’ from ‘Outperform’ at BMO Capital Markets.
Wells Fargo (WFC -0.49%) was upgraded to ‘Buy’ from ‘Hold’ at Edward Jones.
Broadcom (AVGO +0.39%) was upgraded to ‘Buy’ from ‘Neutral’ at Nomura with a price target of $300.
Lululemon Athletica (LULU -0.58%) was upgraded to ‘Outperform’ from ‘Market Perform’ at Wells Fargo Securities with a price target of $200.
Malibu Boats (MBUU +1.55%) was upgraded to ‘Buy’ from ‘Neutral’ at B Riley FBR with a price target of $60.
American Express (AXP +0.83%) was upgraded to ‘Overweight’ from ‘Equal-Weight’ at Stephens
Thermo Fisher Scientific (TMO -0.83%) was downgraded to ‘Neutral’ from ‘Buy’ at Goldman Sachs.
Aramark (ARMK +0.50%) was rated a new ‘Outperform’ at Bernstein with a price target of $52.
UnitedHealth (UNH -0.07%) was rated a new ‘Outperform’ at Cowen with a price target of $308.
Bovie Medical (BVX +11.73%) rose 3% in after-hours trading as it extended Friday’s 12% rally after it was rated a new ‘Buy’ at Dougherty & Company LLC.
Today’s Economic Calendar
8:30 Empire State Mfg Survey
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY
6 thoughts on “Before the Open (Sep 17)”
Leave a Reply
You must be logged in to post a comment.
Stock Market Confidence Level = 100%; but the trade hassle with China continues…so spy looks stable and the place to be. sniffing silver.
Looks like a long entry point this morning
the market is unstable and probably has mental problems
nas 100 looks like it has depression
a large object is approaching the market. it is invisible yet and its path unknown, but we can discern its presence from its gravitational force.
you are right
the dow suffers skitzofrenia
the plunge protection team has paranoid tendencies
all are waiting spiritual enlightenment
NM observatory is shut down. beware of solar flares and federal indictments coming…buy tangible assets…WWGO WGA