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Before the Open (Nov 6)

http://leavittbrothers.com/blog/index.php/2017/11/06/before-the-open-nov-6-6/

by admin on November 6, 2017
in Before the Open

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Good morning. Happy Monday. Hope you had a good weekend.

The Asian/Pacific markets traded quietly and closed with a slight lean to the upside. China, Thailand and the Philippines posted gains; South Korea fell. Europe, Africa and the Middle East are trading mixed. Poland, Turkey, Denmark, South Africa, Kenya and Hungary are up; the UAE, Greece, Spain, Portugal and Austria are down. Futures in the States point towards a flat open for the cash market.

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The dollar is flat. Oil and copper are up. Gold and silver are up. Bonds are up.

Stock headlines from barchart.com…

Cavium (CAVM +3.42%) jumped 14% in pre-market trading after the WSJ reported that Marvell Technology is in advanced talks to combine with Cavium. Marvell Technology (MRVL +1.26%) dropped 9% in pre-market trading on the news.

Dish Network (DISH -0.41%) was upgraded to ‘Buy’ from ‘Hold’ at Pivotal Research Group LLC with a price target of $65.

Berkshire Hathaway ({=BRK/A=}) lost almost 1% in after-hours trading after it reported Q3 operating EPS of $2,094, below consensus of $2,347.

Qualcomm (QCOM +12.71%) gained over 1% in after-hours trading after Nomura said that Broadcom paying $70 a share for Qualcomm feels a “little low.”

Host Hotels (HST +0.87%) was upgraded to ‘Outperform’ from ‘Market Perform’ at Wells Fargo Securities with a price target of $21.

Hyatt Hotels (H +0.97%) were downgraded to ‘Neutral’ from ‘Outperform’ at B Riley FBR.

Twitter (TWTR +0.96%) was upgraded to ‘Neutral’ from ‘Sell’ at Citigroup.

Electronics for Imaging (EFII +0.64%) was downgraded to ‘Equal-Weight’ from ‘Overweight’ at Barclays.

Hilton (HLT +0.99%) was downgraded to ‘Market Perform’ from ‘Outperform’ at Wells Fargo Securities.

TherapeuticsMD (TXMD -5.42%) rose over 3% in after-hours trading after it said it will provide a “TX-004HR regulatory update” with its Q3 earnings conference call Monday morning.

Sprint (S +3.73%) was downgraded to ‘Underweight’ from ‘Sector Weight’ at Keybanc Capital Markets with a 12-month target price of $5.50.

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