Nasdaq up 4-Straight
MARKET SUMMARY
U.S. markets traded mostly higher ahead of this week’s central bank decision from the Federal Reserve along with overseas outcomes also expected from the Bank of England and the European Central Bank. The Dow and S&P 500 failed at clearing all-time peaks but did set new closing highs after rising 0.3% and 0.2%, respectively.
The Nasdaq showed the most strength after gaining 0.5% to extend its winning streak to four-straight. Meanwhile, the Russell 2000 opened higher but struggled holding positive territory throughout the session before closing 2 points lower, or 0.1%.
TRADE OF THE DAY
THE SCIENCE OF WINNING - PART 5
ANALYST UPGRADES / DOWNGRADES
U.S. Steel (X) upgraded to Hold from Sell at Axiom
First Solar (FSLR) upgraded to Outperform from Neutral at Baird
Waste Management (WM) upgraded to Buy from Hold at Stifel
Brixmor (BRX) downgraded to Neutral from Buy at Mizuho
Kimberly-Clark (KMB) downgraded to Sell from Neutral at Citi
TSYS (TSS) downgraded to Neutral from Buy at Goldman Sachs
EARNINGS
Tuesday's scheduled earnings include:
Arrowhead Research Group (ARWR), Civitas Solutions (CIVI), MongoDB (MDB), RMR Group (RMR), Streamline Health Solutions (STRM), VeriFone Holdings (PAY)
UPCOMING ECONOMIC NEWS
Tuesday's economic reports (EST):
NFIB Small Business Optimism Index - 6:00am
PPI - 8:30am
Redbook - 8:55am
Treasury Budget - 2:00pm
METALS / OIL
Gold closed at $1,246.90 an ounce, down $1.50
Silver settled at $15.78 an ounce, down $0.04
Copper finished at $3.01 a pound, up $0.03
Crude Oil closed at $58.01 a barrel, up $0.65
ARTICLE OF THE DAY
The Anatomy of a Collar
An options strategy that only the wealthy and privleged know about - how Mark Cuban saved a billion dollars by utilizing this one strategy...[read more]
Make it a great day!
Todd Mitchell
QUOTE OF THE DAY
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