Good morning. Happy Friday.
The Asian/Pacific markets closed with a lean to the downside. Japan, Thailand and the Philippines did well; China, South Korea and India were weak. Europe, Africa and the Middle East currently lean down. Greece and Saudi Arabia are up; Poland, Russia, South Africa, Norway, Israel and Austria are down. Futures in the States point towards a moderate gap down open for the cash market.
—————
BLOG: Business, Poker & Trading
—————
The dollar is up. Oil is getting crushed. Copper is down. Gold and silver are down. Bonds are mixed.
Overnight Stock Movers from barchart.com…
Tocagen (TOCA +2.83%) may open lower initially this morning after it filed to sell $30 million of its common stock via Citigroup.
Rexnord (RXN +0.80%) was rated a new ‘Neutral’ at Credit Suisse with a price target of $31.
Fox Factory Holding (FOXF +0.66%) was downgraded to ‘Neutral’ from ‘Buy’ at Bank of America/Merrill Lynch.
Autodesk (ADSK +9.74%) was upgraded to ‘Buy’ from ‘Hold’ at Argus Research with a price target of $160.
Unifi Inc (UFI +1.35%) may open higher initially this morning after holder ValueAct Holdings LP increased its stake in the company to 6.10% from 5.81%.
LexinFintech Holdings Ltd (LX +1.15%) rose 2% in after-hours trading after it was upgraded to ‘Buy’ from ‘Neutral’ at Goldman Sachs with a price target of $14.10.
Today’s Economic Calendar
9:45 PMI Composite Flash
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY