U.S. Markets Continue Record-Setting Pace

MARKET SUMMARY

U.S. markets continued their record setting pace following Monday’s push to fresh all-time highs with the Dow closing higher for the 6th-straight session. The S&P 500 is working on a 5-session win streak and came within 7 points of topping the 2,600 level, while the Nasdaq missed clearing the 6,800 level by 10 points. Meanwhile, the Russell 2000 made an intraday move above 1,500 but closed below this level for the 4th-straight session.

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ANALYST UPGRADES / DOWNGRADES

Cree (CREE) upgraded to Buy from Hold at Deutsche Bank
Kroger (KR) upgraded to Buy from Neutral at Northcoast
Twitter (TWTR) upgraded to Neutral from Sell at Citi

Goldman Sachs (GS) downgraded to Sell from Hold at Vertical Group
Hilton (HLT) downgraded to Market Perform from Outperform at Wells Fargo
Sprint (S) downgraded to Underweight from Sector Weight at KeyBanc

EARNINGS

Tuesday's scheduled earnings include:

Blue Buffalo Pet Products (BUFF), Cars.com (CARS), Darling International (DAR), Energizer Holdings (ENR), Fossil (FOSL), Global Payments (GPN), Humana (HUM), Inogen (INO), Kelly Services (KELYA), Malibu Boats (MBUU), MGM Resorts (MGM), Plug Power (PLUG), Match Group (MTCH), Planet Fitness (PLNT), Rapid7 (RPD), Sunoco (SUN), Take-Two Interactive Software (TTWO), Web.com Group (WEB), Zynga (ZNGA)

UPCOMING ECONOMIC NEWS

Tuesday’s economic reports (EST):

NFIB Small Business Optimism Index - 6:00am
Gallop US ECI - 8:30am
Redbook - 8:55am
JOLTS - 10:00am
Consumer Credit - 3:00pm

UPCOMING ECONOMIC NEWS

Gold closed at $1,281.60 an ounce, up $12.40

Silver settled at $17.24 an ounce, up $0.41

Copper finished at $3.16 a pound, up $.04

Brent Crude Oil closed at $62.07 a barrel, up $1.37

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Make it a great day!

Todd Mitchell

QUOTE OF THE DAY

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