Dow/ S&P 500 Up 3-Straight Weeks
MARKET SUMMARY
U.S. markets ended the week with upside momentum with the S&P 500 and Dow gaining 0.6% and 0.5% while settling at record closing levels. Although fresh all-time highs weren’t reached, the moves turned the S&P 500 and Dow positive for the week, with both advancing 0.4%
The Nasdaq Composite was up 0.4% but ended with a weekly decline of 0.1%. The Russell 2000 added a point on Friday, or 0.1%, but also closed the week with a loss of just over 1%.
TRADE OF THE DAY
THE SCIENCE OF WINNING - PART 4
ANALYST UPGRADES / DOWNGRADES
Boston Scientific (BSX) upgraded to Strong Buy from Buy at Needham
Perrigo (PRGO) upgraded to Buy from Hold at Argus
Vantiv (VNTV) upgraded to Buy from Neutral at Buckingham
Ball Corp. (BLL) downgraded to Underweight from Sector Weight at KeyBanc
Ciena (CIEN) downgraded to Neutral from Overweight at Piper Jaffray
HollyFrontier (HFC) downgraded to Underperform from Neutral at BofA/Merrill
EARNINGS
Monday's scheduled earnings include:
Casey’s General Stores (CASY), Investors Real Estate Trust (IRET), Liberty Tax (TAX), KMG Chemicals (KMG), Peregrine Pharmaceuticals (PPHM), Quanex Building Products (NX)
UPCOMING ECONOMIC NEWS
Monday's economic reports (EST):
JOLTS - 10:00am
METALS / OIL
Gold closed at $1,248.40 an ounce, down $4.70
Silver settled at $15.82 an ounce, up $0.02
Copper finished at $2.98 a pound, up $0.01
Crude Oil closed at $57.34 a barrel, up $0.64
ARTICLE OF THE DAY
Put Options - What You Need to Know...
Put options give the buyer the right, but not the obligation, to sell an underlying asset at the strike price...[read more]
Make it a great day!
Todd Mitchell
QUOTE OF THE DAY
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