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Morning Brief

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Morning Quant Ride Jan 09, 2018

Jan 09, 2018

Traders’ Corner

 

US futures are pointing to a slightly higher open this morning in NY. We are focused on some of our A-rated stocks that received upgraded Price Targets this morning. Mastercard’s PT was raised to $178 from $167 at Wells Fargo. We released a Mastercard Bull Put Options Spread trade yesterday.

Darden Restaurants, an A-Rated stock on both our Large-Cap and US Consumer Discretionary Quant Models received an PT upgrade as well. Maxim raised Darden’s price target to $112 from $103.

 

 

Our Top Picks in the News

 

Click headline for story

Fedex (FDX)

FedEx Readies for Surge in E-Commerce with New Hub in Shanghai (Bloomberg)
Conviction Buy in January, please see our Quantamize Global Top Picks US Industrials report

 

See more on our Fedex QuantShot company report from January 8th

Boeing (BA)

Boeing's Embraer Bid Is Anything but Highflying (Bloomberg)
Top Conviction Buy in January, please see our Quantamize Global Top Picks US Large Cap report

 

See more on our Boeing QuantShot company report from October 26th  

Applied Materials (AMAT), Waste Management (WM)

5 Top ROE Picks as Equity Markets Begin 2018 With a Bang (Zacks)
Top Conviction Buy in January, please see our Quantamize Global Top Picks US Large Cap report

 

See more on our Applied Materials QuantShot company report from December 21st   

Top Conviction Buy in January, please see our Quantamize Global Top Picks US Industrials report

See more on our Waste Management QuantShot company report from December 8th  

Applied Industrial Technologies (AIT)

Applied Industrial Technologies to acquire FCX Performance, Inc. (Seeking Alpha)
Top Conviction Buy in January, please see our Quantamize Global Top Picks US Industrials report

Darden Restaurants (DRI)

Darden price Target raised to $112 from $103 at Maxim (The Fly)
Top Conviction Buy in January, please see our Quantamize Global Top Picks US Consumer Discretionary report

 

See more on our Darden QuantShot company report from November 13th  

Apple (AAPL)

Apple responds, promises 'more robust' parental controls for iPhone (BGR)
Top Conviction Buy in January, please see our Quantamize Global Top Picks US Tech report

 

See more on our Apple QuantShot company report from January 5th  

Boston Scientific (BSX)

Boston Scientific reports preliminary Q4 and FY17 sales (Seeking Alpha)
Top Conviction Buy in January, please see our Quantamize Global Top Picks US Large Cap report

 

 

The Morning Recap

 

The elation in global stock markets continued overnight with Asian markets, helped by a slight thaw in relations between the Koreas.  Samsung’s miss this quarter was shrugged off as was the lack of growth in Japanese wages.  European optimism was supported by jobless data in the euro area showing its lowest level since 2009.  Data from around the zone continues positive.

US stocks remain strong with sentiment numbers continuing high.  Inflation data due this week should show little pressure on prices and remain supportive for stock prices.

 

Index

Price

1 Day Return

5 Day Return

MTD

YTD

S&P 500 $ 2,747.71 0.00% 1.36% 1.88% 1.88%
Russell 2000 $ 1,561.81 0.00% 0.44% 1.32% 1.32%
DJ Industrial Average $ 25,283.00 0.00% 0.96% 1.44% 1.44%
NASDAQ Composite Index $ 7,157.39 0.00% 1.84% 2.53% 2.53%
CBOE Market Volatility Index 9.40 - - - -
Germany DAX (TR) € 13,402.00 0.26% 1.45% 3.03% 1.94%
France CAC 40 € 5,517.70 0.55% 1.39% 2.66% 1.90%
Japan Nikkei 225 ¥ 23,849.99 0.57% 3.17% 4.17% 3.26%
Hang Seng Index ¥ 31,011.41 0.36% 2.92% 2.99% 2.73%
Hang Seng China Enterprises ¥ 12,255.68 0.17% 4.45% 4.29% 4.22%
S&P ASX 200 AUD 6,135.80 0.09% -0.18% 0.94% 0.20%
Source: FactSet          

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