Before the Open (Dec 3)

Good morning. Happy Monday. Hope you had a good weekend.
The Asian/Pacific markets are posting big gains. Japan, China, Hong Kong, South Korea, Taiwan, Australia, Malaysia, Indonesia, Singapore, Thailand and the Philippines are up at least 1%; some are up 2% or 3%. Europe, Africa and the Middle East are currently mostly up. The UK, Poland, Germany, Greece, Russia, Germany, South Africa, Finland, Norway, Hungary, Spain, the Netherlands, Italy, Portugal, Austria and Sweden are up more than 1%. Futures in the States point towards a huge gap up open for the cash market.
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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…
Caterpillar (CAT +4.18%) was upgraded to ‘Buy’ from ‘Neutral’ at Bank of America/Merrill Lynch with a price target of $163.
Broadcom (AVGO +0.69%) was upgraded to ‘Buy’ from ‘Neutral’ at B Riley FBR with a price target of $300.
AT&T (T +2.19%) was upgraded to ‘Overweight’ from ‘Neutral’ at JPMorgan Chase with a price target of $38.
ShotSpotter (SSTI +1.55%) was rated a new ‘Buy’ at National Securities with a price target of $44.
Masco (MAS +1.31%) was upgraded to ‘Outperform’ from ‘Sector Perform’ at RBC Capital Markets with a price target of $38.
Cactus (WHD -0.45%) was rated a new ‘Buy’ at Bank of America/Merrill Lynch with a price target of $36.
NRC Group (NRCG +1.79%) was rated a new ‘Buy’ at Stifel with a price target of 10.
Citrix Systems (CTXS -1.35%) may move higher initially this morning after holder Elliot raised its stake in the company to 6.9% from 5.26%.
Noodles & Co. (NDLS -6.06%) was upgraded to ‘Outperform’ from ‘Sector Perform’ at RBC Capital Markets with a price target of $12.
International Seaways (INSW +0.31%) may move lower initially this morning after holder Paulson & Co announced that it had cut its stake in the company to 9.97% from 10.57%.
Thursday’s Key Earnings
Dell Technologies (NYSE:DVMT) +1.9% AH on broad growth.
Dollar Tree (NASDAQ:DLTR) +6.2% seeing minimal tariff impacts.
GameStop (NYSE:GME) -12.2% AH slashing its profit outlook.
HP (NYSE:HPQ) +1.3% AH driven by its personal systems unit.
TD Bank (NYSE:TD) -0.4% with gains in real-estate lending.
VMware (NYSE:VMW) +9.1% AH as cloud sales jumped.
Workday (NYSE:WDAY) +9.5% AH raising guidance.
Today’s Economic Calendar
9:15 Fed’s Williams: “Evolving Structure of the U.S. Treasury Market”
9:45 PMI Manufacturing Index
10:00 ISM Manufacturing Index
10:00 Construction Spending
10:30 Fed’s Reserve Gov. Lael Bralnard: “Evolving Structure of the U.S. Treasury Market”
1:00 PM Fed’s Kaplan Speech
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY