Keep An Eye Out: Pre-Market Movers And Analyst Recommendations

Pre-Market U.S. Stock Movers

JD.com (NASDAQ:JD) gained over +4% in pre-market trading after the retailer reported better-than-expected Q3 results.

Solid Biosciences (NASDAQ:SLDB) surged about +27% in pre-market trading after announcing that the FDA cleared the company’s IND for Duchenne gene therapy candidate SGT-003.

Edgio (NASDAQ:EGIO) soared over +20% in pre-market trading following the announcement that existing investor Lynrock Lake Master Fund had provided the company with $66M of new financing.

Arcturus Therapeutics Holdings (NASDAQ:ARCT) climbed more than +19% in pre-market trading after the company reported upbeat Q3 results.

PolishedCom (AMEX:POL) slid over -9% in pre-market trading after postponing the reporting of its Q3 results.

Wix.Com (NASDAQ:WIX) rose more than +2% in pre-market trading after Barclays upgraded the stock to Overweight from Equal Weight.

Keep An Eye Out

Today, all eyes are focused on the U.S. Producer Price Index (PPI) in a couple of hours. Economists, on average, forecast that October U.S. PPI will stand at +0.1% m/m and +1.9% y/y, compared to the previous values of +0.5% m/m and +2.2% y/y.

Also, investors will likely focus on U.S. Core Retail Sales data, which came in at +0.6% m/m in September. Economists foresee the new figure to be -0.2% m/m.

U.S. Core PPI data will come in today. Economists expect October’s figures to be +0.3% m/m and +2.7% y/y, compared to the previous numbers of +0.3% m/m and +2.7% y/y.

U.S. NY Empire State Manufacturing Index will be reported today. Economists foresee this figure to stand at -2.80 in November, compared to the previous figure of -4.60.

U.S. Retail Sales data will also be closely watched today. Economists forecast October’s figure to be -0.3% m/m, compared to the previous value of +0.7% m/m.

U.S. Crude Oil Inventories data will be reported today as well. Economists estimate this figure to be +1.793M, compared to the previous number of +0.774M.

In the bond markets, United States 10-year rates are at 4.467%, up +0.56%.

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ANALYST RECOMMENDATIONS

Aflac Incorporated: Morgan Stanley maintains its market weight recommendation and raises the target price from USD 75 to USD 80.

Altria Group: Jefferies maintains its buy recommendation and reduces the target price from USD 56 to USD 50.

Ameriprise Financial: Morgan Stanley maintains its market weight recommendation and raises the target price from USD 360 to USD 365.

Biomarin Pharmaceutical: Wells Fargo initiates an overweight recommendation with a target price of USD 100.

Celanese Corporation: Jefferies maintains its hold recommendation and raises the target price from USD 125 to USD 135.

Datadog: CICC initiates an Outperform recommendation with a target price of USD 116.

Devon Energy Corporation: RBC Capital maintains its sector perform recommendation and reduces the target price from USD 60 to USD 55.

Eog Resources: Mizuho Securities maintains its buy recommendation and reduces the target price from USD 158 to USD 150.

Equifax: Jefferies maintains its hold recommendation with a price target raised from USD 180 to USD 200.

Fair Isaac Corporation: Jefferies maintains its buy recommendation and raises the target price from USD 1035 to USD 1210.

Kraft Heinz: Bernstein upgrades to outperform from market perform with a target price of USD 40.

The Home Depot: Guggenheim maintains its buy recommendation and reduces the target price from USD 360 to USD 340.

The Jm Smucker Company: Bernstein downgrades to market perform from underperform with a price target reduced from USD 123 to USD 119.

Vertex Pharmaceuticals Incorporated: Daiwa Securities maintains its buy recommendation and raises the target price from USD 410 to USD 430.

Warner Music Group: Wells Fargo initiates an Equalweight recommendation with a target price of USD 35.

Today’s U.S. Earnings Spotlight: Wednesday – November 15th

Cisco (CSCO), TJX (TJX), Palo Alto Networks (PANW), NetEase (NTES), Target (TGT), Alcon (ALC), Xpeng (XPEV), Huazhu (HTHT), Tetra Tech (TTEK), Catalent Inc (CTLT), GlobalE Online (GLBE), Maximus (MMS), Copa (CPA), Advance Auto Parts (AAP), Endava (DAVA), J & J Snack Foods (JJSF), Hillenbrand (HI), Grupo Aval (AVAL), Kulicke&Soffa (KLIC), Griffon (GFF), INTL FCStone (SNEX), Corporacion America Airports (CAAP), Sonos (SONO), Chase (CCF), ZIM Integrated Shipping Services (ZIM), RMR Group Inc (RMR), Riskified (RSKD).

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