Value investing message boards image Log on |  Join ($$) Stock market forums image VF "How To" Guide        Welcome, guest! Learn about guest access               Home

Morning Call 10/9

 << previous next >>
 > New post - to everyone
 > New post - to private group
View 7/15 Daily Digest
View Private Post Inbox
Review Tracked Comments

Tip: use ALLCAPS for symbol search
-- Advanced Search Page --
-- Comment Search Page --
 > Log on
 > What Is ValueForum?
 > Try ValueForum Today

symbol lookup » my portfolios »
Topic: Stock Price Movements — Technical Analysis
Oct. 9 2017, 10:09 AM ET - by VF member vanmeerten (903 gold star (click for information on feedback))

Morning Call 10/9 --

*TRADE Financial (ETFC -2.36%) was upgraded to 'Buy' from 'Neutral' at Bank of America/Merrill Lynch with a price target of $49.Yelp (YELP +0.73%) was downgraded to 'Neutral' from 'Overweight' at Cantor Fitzgerald.Morgan Stanley (MS +0.26%) was upgraded to 'Outperform' from 'Neutral' at Credit Suisse with a price target of $54.Activision Blizzard (ATVI +0.25%) was downgraded to 'Market Perform' from 'Outperform' at Cowen.Humana (HUM +0.63%) was downgraded to 'Neutral' from 'Overweight' at JP Morgan Chase.Goldman Sachs (GS -0.02%) was downgraded to 'Neutral' from 'Outperform' at Credit Suisse.Express Scripts Holdings (ESRX -2.58%) may open lower this morning after it was downgraded to 'Underperform' from 'Market Perform' at Raymond James.Viacom (VIA -0.98%) slid over 3% in pre-market trading after it was downgraded to 'Sell' from 'Neutral' at Citigroup who said that Viacom faces the "acute" risk that Charter Communications will stop carrying its content.Tesla (TSLA +0.44%) fell -0.5% in after-hours trading after CEO Musk tweeted that that the unveiling of its semi-truck would be pushed back to Nov 16 from Oct 26 as the company diverts resources to fix Model 3 bottlenecks and increase battery production for Puerto Rico.Medtronic Plc (MDT +0.38%) fell 2% in after-hours trading when it said that its Q2 quarterly revenue and earnings would be hurt by $250 million from the impact of Hurricane Maria.Pershing Square said it cut its stake in Mondelez (MDLZ +0.07%) to 4.97% from a 5.60% stake reported on Sep 27.Morgan Stanley cut its passive stake in Blue Apron (APRN -1.32%) to 1.4% from a 5.31% stake reported in Aug 2.MARKET COMMENTSDec S&P 500 E-mini stock futures (ESZ17 +0.19%) this morning are up +4.00 points (+0.16%). Friday's closes: S&P 500 -0.11%, Dow Jones -0.01%, Nasdaq +0.12%. The S&P 500 on Friday closed lower on the unexpected decline in U.S. Sep non-farm payrolls by -33,000, which was weaker than expectations of +80,000 and the biggest decline in 7 years. Stocks were also undercut by ramped up expectations for a Fed rate hike in December after U.S. Sep average hourly earnings rose +2.9% y/y, stronger than expectations of +2.6% y/y and the largest year-on-year increase in 8-1/4 years. There were also increased geopolitical tensions that fueled long liquidation in stocks after Russia's news agency reported that North Korea might test a long-range ballistic missile over the weekend.Dec 10-year T-note prices (ZNZ17 +0.02%) this morning are up +2.5 ticks. Friday's closes: TYZ7 -4.00, FVZ7 -3.25. Dec 10-year T-notes on Friday tumbled to a 5-3/4 month nearest futures low and closed lower on the stronger-than-expected +2.9% y/y increase in U.S. Sep average hours earnings, the most in 8-1/4 years, which bolsters the case for a Fed rate hike in December. There was also an increase in inflation expectations after the 10-year T-note breakeven inflation rate rose to a 1-week high. T-notes recovered most of their losses on increased safe-haven demand after the Russian news agency reported that North Korea plans to test a long-range ballistic missile this weekend.The dollar index (DXY00 -0.14%) this morning is down -0.11 (-0.12%). EUR/USD (^EURUSD) is up +0.0017 (+0.14%) and USD/JPY (^USDJPY) is down -0.02 (-0.02%). Friday's closes: Dollar Index -0.161 (-0.17%), EUR/USD +0.0019 (+0.16%), USD/JPY -0.17 (-0.15%). The dollar index on Friday fell back from a 2-1/4 month high and closed lower on increased safe-haven demand for the yen after Russia's news agency reported that North Korea would test a long-range missile over the weekend. The dollar was also undercut by dovish comments from Dallas Fed President Kaplan who said, "he's not there yet" on a Fed rate hike in Dec. The dollar rallied to a 2-1/4 month high early after U.S. Sep average hourly earnings rose +2.9% y/y, the largest year-on-year increase in 8-1/4 years, which was hawkish for Fed policy.Nov crude oil (CLX17 +0.18%) this morning is down -1 cents (-0.02%) and Nov gasoline (RBX17 -0.91%) is -0.0179 (-1.15%). Friday's closes: Nov WTI crude -1.50 (-2.95%), Nov gasoline -0.0526 (-3.26%). Nov crude oil and gasoline on Friday closed lower with Nov crude at a 3-week low. Crude oil prices were undercut by updated weather forecasts that call for Tropical Storm Nate to move away from the bulk of the U.S. oil production rigs in the Gulf of Mexico before it makes landfall on the Gulf Coast Sunday. Crude oil prices were also undercut by the sharp decline in the crack spread, which reduces the incentive for refineries to purchase crude oil to refine into gasoline.Metals prices this morning are mixed with Dec gold (GCZ17 +0.75%) +10.4 (+0.82%) at a 1-week high, Dec silver (SIZ17+0.83%) +0.16 (+0.95%) at a 1-1/2 week high and Dec copper (HGZ17 -0.12%) -0.005 (-0.17%). Friday's closes: Dec gold +1.7 (+0.13%), Dec silver +0.152 (+0.91%), Dec copper -0.0175 (-0.57%). Metals on Friday settled mixed. Precious metals prices were boosted by increased safe-haven demand after Russia's news agency reported that North Korea would test a ballistic missile over the weekend. Copper was boosted by the -2,675 MT decline in LME copper inventories to a 3-week low. Metals prices were undercut by the stronger-than-expected U.S. Sep hourly earnings report of +2.9% y/y that bolstered the case for a Fed interest rate increase at the Dec FOMC meeting.GLOBAL EVENT CALENDAR10/09/2017Monday, Oct 9USn/aU.S. government offices and cash Treasury trading closed for Columbus Day. Exchanges open.Tuesday, Oct 10US1000 ETMinneapolis Fed President Neel Kashkari (voter) speaks at a regional economic conference hosted by his bank.1100 ETUSDA weekly grain export inspections.1600 ETUSDA crop conditions and progress report.2000 ETDallas Fed President Robert Kaplan (voter) speaks in a moderated Q&A at a Stanford Institute for Economic Policy Research Associates Meeting.U.S. STOCK CALENDAR10/09/2017NameTickerTimeDescriptionPeriodEstimateWal-Mart Stores IncWMT USInvestment Community Meeting Day - 1

Click To Add Your POPositive RecommendationITIVE Recommendation!   |  Currently: 
 39 positive

 << previous next >>

Looking for insight and analysis shared by fellow self directed investors? You've come to the right place! ValueForum is the web's best community forum for unvarnished, trusted, up-to-the-minute thinking on investments. What you just read is a "public post" but most posts including comments and replies, are available only to members.

Imagine walking into a secluded room where some of the smartest, most successful investors in America are gathered — self-directed investors and hedge fund managers alike — to share investing ideas.

In this private setting, members of this exclusive group are able to share honest opinions and unfiltered insights on stocks, bonds, ETFs, options, Forex and more. There's also a healthy amount of respectful debate as they bandy ideas about. And in the end, everyone is the richer for it.

That kind of exchange is exactly what happens every day here on, the Internet's premier investing community.

Membership in this private online community is strictly limited — just 1500 investors will be admitted — but today you are in line to be one of them.

Before I tell you about all the member benefits waiting for you, I want to make one thing clear: is nothing like the big free public investment boards out there.

We started so that serious investors could get away from the noise, the shills and the shouting that plague public stock message boards.

That's why our community is founded on a few simple rules that keep the quality of our content and our members very high...

  • Privacy is paramount and confidentiality strictly enforced. Members are forbidden from sharing or reposting any members-only content; violators forfeit membership.

  • Multiple aliases are not permitted (behind every screen name is a member profile so you can get to know your fellow members — and many have become lifelong friends).

  • No unsolicited or unauthorized advertising or product selling is allowed.

  • Robust debates are encouraged, but respect and common courtesy are expected with fighting and name-calling disallowed.

  • Violators forfeit membership.

And it works. As one of our long-time members explains:

"ValueForum gives you the chance to learn from people who aren't trying to sell you anything, just willing to give away their sincere thoughts. I have made a lot of money from information on VF."

So whether you are looking for new stock ideas or new ways to boost your investment income with REITs, BDCs, high-yield bonds, closed-end funds, you'll be thrilled at the constant flow of reliable ideas and analysis.

As another of our members going by the handle of oldart will tell you...

"No friend, no book, no broker, no advisor, no expert has ever provided a tenth what I am able to find here. The best money I have EVER spent is for membership."


Your membership gives you unlimited access to:

  • A steady stream of top-notch investment ideas.

  • Invaluable insights and analysis on stocks, bonds, REITs, BDCs, and more.

  • Over 100 message board topics to help you focus on the areas that interest you most.

  • The chance to share your investment ideas and have them thoroughly vetted by your ValueForum peers before you make a move.

  • The stock rating system with more than 1,000 rated stocks.

And yet another member (known on ValueForum as "beetlebomb") tells all willing to listen:
"The cost of ValueForum is a pittance compared to the benefits you will receive. If you are a serious investor who is tired of being fleeced by the Wall Street crowd, I highly recommend you join VF on a trial basis and experience its benefits first hand."

The best way to see what can do for you is to let you take it for a test drive.

That's why we're offering a special one week "guest pass" that lets you experience the full force of for just $7.

$7 for access to a new investing tool that can be truly life changing. It was for this member, who goes by "stlbeerman"

" VF has really changed my life and made me more wealthy than I ever expected."

It's lively and engaging, but like Las Vegas, what goes on inside ValueForum stays inside ValueForum — the public post you just read is the exception, not the norm. See for yourself before our remaining memberships are claimed and it's too late!

You can get started now with your seven day guest pass (just $7) if you'd like, or, grab a 3, 6, or 12 month pass here.

Get Started Now image

"Value Forum is literally the best web site on the Internet for investors bar none. It's a real time collection of news, experiences, data sharing, opinions that you can never get from bigger sites like or Motley Fool. It allows you to gather multiple opinions you can never get from speaking to a stock broker or their analysts."

As seen in:

Ranked: Forbes best of the web

"Best investment I ever made."

"I have made a lot of money from ideas exchanged on this forum. I would recommend VF to any serious investor, and I will never be without it."

Try It Now image

"Unbelievably board and deep industry knowledge."

"Our retirement has been a financial success due entirely to Value Forum."

"The very best investing board in the country whether your profile is high risk/high reward all the way to conservative/adverse to risk & volatility. This is a monitored board where civility & helpfulness rule."

Start your test drive image

Email / About | Privacy | Terms of Use | How To / FAQ | Msg Ticker | VF Home | My.vf | BDCs.vf | Energy.vf | REITs.vf | TA.vf
Nothing in is intended to be investment advice, nor does it represent the opinion of, counsel
from, or recommendations by ©2003 - 2020, Powered in part by Ticker TechnologiesContact Us

Morning Call 10/9