Good morning. Happy Monday. Hope you had a good weekend.
The Asian/Pacific markets closed with a lean to the upside. Japan, China, Hong Kong, India and the Philippines did well; Australia and Singapore were weak. Europe, Africa and the Middle East currently lean to the upside. Denmark, Turkey, Russia, South Africa, Italy and Saudi Arabia are doing the best; Greece is weak. Futures in the States point towards a down open for the cash market.
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BLOG: Business, Poker & Trading
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The dollar is down. Oil and copper are down. Gold and silver are down. Bonds are mixed.
Overnight Stock Movers from barchart.com…
PNC Financial Services Group (PNC -0.22%) was downgraded to ‘Market Perform’ from ‘Outperform’ at BMO Capital Markets with a price target of $139.
Charles Schwab (SCHW -0.76%) was downgraded to ‘Neutral’ from ‘Buy’ at UBS with a price target of $51.
CarGurus (CARG +0.88%) was rated a new ‘Buy’ at SunTrust Robinson Humphrey with a price target of $49.
Delta Air Lines (DAL -0.36%) was rated a new ‘Outperform’ at Credit Suisse with a price target of $71.
Globant (GLOB +0.76%) was rated a new ‘Buy’ at Goldman Sachs with a price target of $65.
Re/Max Holdings (RMAX -0.72%) was upgraded to ‘Overweight’ from ‘Equal-Weight’ at Morgan Stanley with a price target of $36.
Big Lots (BIG -1.31%) was upgraded to ‘Overweight’ from ‘Neutral’ at Piper Jaffray with a price target of $53.
ICU Medical (ICUI -0.60%) may initially open lower this morning after Pfizer, ICU Medical’s largest shareholder, sold its entire stake in the company on Nov 13.
Novartis (NVS +0.58%) rallied more 2% in after-hours trading after it was upgraded to ‘Buy’ from ‘Neutral’ at Goldman Sachs.
Coty (COTY +4.36%) rose more than 3% in after-hours trading on signs of insider buying after CEO Pierre Laubies bought 2.31 million shares of the company stock on Wednesday.
Aquestive Therapeutics (AQST +0.30%) dropped almost 6% in after-hours trading after the FDA failed to approve the company’s Tadalafil Oral Film and requested more data from healthy volunteers.
Cidara Therapeutics (CDTX unch) may initially open lower this morning after it entered into an accord to sell up to $35 million of its common stock.
Today’s Economic Calendar
9:40 Fed’s Williams Speech
10:00 NAHB Housing Market Index
10:00 E-Commerce Retail Sales
10:45 Fed’s Williams Speech
3:15 PM Fed’s Williams Speech
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY
One thought on “Before the Open (Nov 19)”
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Be careful lots of dander, below 2700 SP we have a set for a major adjustment. Holding a few bonds and more cash. Thanksgiving ?? You can have it.