Good morning. Happy Thursday.
The Asian/Pacific markets closed mostly up. Japan, China, Hong Kong, South Korea, India, New Zealand, Malaysia, Indonesia and the Philippines did well; Thailand was weak. Europe, Africa and the Middle East currently lean to the upside. Poland, Turkey, the UAE, South Africa, Spain and Italy are up; Finland and Norway are down. Futures in the States point towards a positive open for the cash market.
—————
VIDEO: How the AD Line Progresses at Market Bottoms
—————
The dollar is down. Oil is down; copper is up. Gold and silver are down. Bonds are down.
Overnight Stock Movers from barchart.com…
Five Below (FIVE +1.94%) was upgraded to ‘Buy’ from ‘Neutral’ at Goldman Sachs with a price target of $122.
Ultimate Software Group (ULTI +0.06%) was upgraded to ‘Outperform’ from ‘In-line’ at Evercore ISI with a price target of $310.
XPO Logistics (XPO -9.63%) was rated a new ‘Buy’ at SunTrust Robinson Humphrey with a price target of $83.
Procter & Gamble (PG +0.13%) was upgraded to ‘Buy’ from ‘Neutral’ at Bank of America/Merrill Lynch with a price target of $108.
Oxford Industries (OXM +1.20%) dropped nearly 10% in after-hours trading after it reported Q3 net sales of $233.7 million, weaker consensus of $243 million, and then forecast full-year adjusted EPS of $4.20 to $4.35, well below consensus of $4.60.
Ryder System (R +0.10%) was rated a new ‘Buy’ at SunTrust Robinson Humphrey with a price target of $63.
Tailored Brands (TLRD +1.51%) sank 24% in after-hours trading after it reported Q3 net sales of $812.7 million, weaker than consensus of $819.5 million, and then forecast full-year adjusted EPS of $2.30 to $2.35, the midpoint below consensus of $2.35.
Hannon Armstrong Sustainable Infrastructure Capital (HASI -0.65%) fell 4% in after-hours trading after it announced it will sell 5 million shares of its common stock in an underwritten public offering.
Echo Global Logistics (ECHO -2.07%) was rated a new ‘Buy’ at SunTrust Robinson Humphrey with a price target of $28.
Applied Genetic Technologies (AGTC +7.36%) plunged more than 32% in after-hours trading after it said it saw no clinical activity in its XLRS clinical study in the treatment of Retinoschisis.
Limelight Networks (LLNW +1.26%) tumbled 17% in after-hours trading after it forecast 2018 adjusted EPS of 15-cents to 20 cents, below consensus of 21 cents, and forecast 2018 revenue of $195 million to $196 million, weaker than consensus of $202.5 million.
Today’s Economic Calendar
8:30 Initial Jobless Claims
8:30 Import/Export Prices
10:30 EIA Natural Gas Inventory
1:00 PM Results of $16B, 30-Year Note Auction
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