Before the Open (Sep 18)

Good morning. Happy Tuesday.
The Asian/Pacific markets closed split. Japan, China, Hong Kong and Thailand did well; India, Taiwan, Malaysia and the Philippines were weak. Europe, Africa and the Middle East lean to the upside but are little changed. Poland, Russia, Norway and Portugal are leading; Sweden is weak. Futures in the States point towards a positive open for the cash market.
—————
BLOG: RSI – Everything You Need to Know
—————
The dollar is flat. Oil and copper are up. Gold and silver are flat. Bonds are down.
Overnight Stock Movers from barchart.com…
Universal Health Services (UHS +0.14%) was upgraded to ‘Buy’ from ‘Neutral’ at Bank of America/Merrill Lynch with a price target of $155.
FedEx (FDX +0.11%) lost more than 2% in after-hours trading after it reported Q1 adjusted EPS of $3.46, weaker than consensus of $3.80.
Walmart (WMT +0.24%) was rated a new ‘Outperform’ at BMO Capital Markets with a price target of $110.
Argenx SE (ARGX -0.01%) slid more than 3% in after-hours trading after it announced that it had commenced an underwritten public offering of $300 million of American Depositary Shares (ADS).
Oracle (ORCL -0.14%) fell almost 4% in after-hours trading after it reported Q1 adjusted revenue of $9.20 billion, weaker than consensus of $9.26 billion.
Nexeo Solutions (NXEO -0.30%) rallied 16% in after-hours trading after Univar announced that it had acquired Nexeo for about $2 billion or $11.65 per share.
Occidental Petroleum (OXY +0.03%) was upgraded to ‘Buy’ from ‘Hold’ at Edward Jones.
Array BioPharma (ARRY -0.87%) was rated a new ‘Buy’ at Guggenheim Securities with a price target of $32.
Radcom (RDCM -28.99%) dropped 3% on top of Monday’s 29% plunge as its second-biggest customer, Globe Telecom, which represented 34% of Radcom’s revenue in Q2, has sufficient exposure in the Philippines which suffered extensive damage from Typhoon Mangkhut.
NIO Inc (NIO -14.14%) fell 3% in after-hours trading on top of Monday’s 14% decline following last week’s surge in the stock price after its initial public offering last Wednesday.
Avon Products (AVP +2.97%) surged nearly 20% in after-hours trading after the WSJ reported that Brazil’s Natura Cosmeticos approached Avon about a takeover.
Monday’s Key Earnings
FedEx (NYSE:FDX) -2.8% AH following a sharp earnings miss.
Oracle (NYSE:ORCL) -4.6% AH on soft Q2 revenue guidance.
Today’s Economic Calendar
8:55 Redbook Chain Store Sales
10:00 NAHB Housing Market Index
4:00 PM Treasury International Capital
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY