Before the Open (Dec 26)

Good morning. Happy Wednesday.
A few Asian/Pacific markets were closed today. Japan and India moved up; South Korea, Malaysia, Indonesia and Singapore did poorly. Most of Europe, Africa and the Middle East were closed today. South Africa and Israel posted gains. Futures in the States point towards a moderate gap up open for the cash market.
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VIDEO: How the AD Line Progresses at Market Bottoms
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The dollar is up. Oil and copper are up. Gold and silver are up. Bonds are down.
Overnight Stock Movers from barchart.com…
U.S. retailers may initially move higher this morning after Mastercard said U.S. retail sales grew 5.1% this holiday season.
Mastercard (MA -0.31%) was upgraded to ‘Buy’ from ‘Hold’ at Edward Jones.
Norwegian Cruise Line Holdings Ltd (NCLH -3.04%) may initially open lower this morning after it was removed from Wedbush’s “Best Ideas” list.
Marine Products (MPX -4.17%) was upgraded to ‘Neutral’ from ‘Sell’ at B Riley FBR with a price target of $16.
NeuroMetrix (NURO -2.86%) was rated a new ‘Buy’ at HC Wainwright & Co LLC with a price target of $5.
Today’s Economic Calendar
7:00 MBA Mortgage Applications
8:55 Redbook Chain Store Sales
9:00 S&P Corelogic Case-Shiller Home Price Index
10:00 Richmond Fed Mfg.
10:00 State Street Investor Confidence Index
11:30 Results of $18B, 2-Year FRN Auction
1:00 PM Results of $41B, 5-Year Note Auction
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY