Bears Make an Appearance

MARKET SUMMARY

U.S. markets closed in the red across the board for the first time in six sessions after showing weakness throughout Wednesday’s session. The losses were minimal with the Dow, Nasdaq and S&P 500 falling 0.1% while holding near-term support. The Russell 2000 slipped 0.02%, or less than a third-point, after recovering much of the morning losses into the closing bell.

TRADE OF THE DAY

THE SCIENCE OF WINNING - PART 3
ANALYST UPGRADES / DOWNGRADES 

Wells Fargo (WFC) upgraded to Neutral from Underweight at Atlantic Equities
Target (TGT) upgraded to Positive from Neutral at Susquehanna
State Street (STT) and BNY Mellon (BK) upgraded to Buy from Neutral at Citi

Hershey (HSY) downgraded to Underweight from Equal Weight by Morgan Stanley
Imax (IMAX) downgraded to Neutral from Overweight at Piper Jaffray
Alaska Air (ALK) downgraded to Equal Weight from Overweight at Barclays

EARNINGS

Thursday'scheduled earnings include: 

Delta Air Lines (DAL), Emmis Communications (EMMS), FuelCell Energy (FCEL), Shaw Communications (SJR)

UPCOMING ECONOMIC NEWS

Thursday's economic reports (EST): 

Jobless Claims - 8:30am
Bloomberg Consumer Comfort Index - 9:45am

METALS / OIL

Gold closed at $1,319.30 an ounce, up $5.60

Silver settled at $17.03 an ounce, up $0.02

Copper finished at $3.24 a pound, up $0.03

Crude Oil closed at $63.44 a barrel, up $0.48

Bitcoin Investment Trust (GBTC) settled at $1,961.00, down $199.00

ARTICLE OF THE DAY
What is a System Health Monitor?

How do you know if your system is in a draw down or is broken? [read more]


Make it a great day!

Todd Mitchell

QUOTE OF THE DAY

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