– The home builder's stock was downgraded to "neutral" from "positive" at Susquehanna Financial in a valuation call, following outperformance since the beginning of the year. With that gain, Susquehanna said Toll Brothers shares are now at their historical average forward price-to-earnings ratio.
– Imperial Capital upgraded the fitness center operator to "outperform" from "in-line," calling Planet Fitness a "best in class" fitness operator and a premium consumer growth stock.
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European stocks seen slightly lower as weak China data caps trade gainsEuropean stocks were expected to open slightly lower Monday with weak data out of China looking set to slow Friday's surge on the back of a partial trade accord between Washington and Beijing.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks’ Path Toward Records Led by Defensive PlaysHopes for a trade deal between the world’s two largest economies have sparked renewed optimism among stock investors, but it is a cautious optimism. How many times now has he said there's a deal, or almost a deal, or the beginnings of a deal, just to find out THERE IS NO DEAL? Lucy & the football comes to mind 🙄 Doubt anything will come of it, 🇨🇳 is doing just fine and will get what they need from other more stable nations. Well, let's just wait and see what the future brings, I think it is safe to assume that eventually, there will be a deal for both countries as nobody is going to come out unscathed
Source: WSJ - 🏆 98. / 63 Read more »
Australian stocks rise as investor sentiment improve on partial US-China trade dealPresident Donald Trump said that both sides reached a 'very substantial phase one deal' that will address intellectual property and financial services concerns and include China buying more U.S. agricultural products. Partial trade deal causes markets to rise? Utter nonsense. When we were lied to the first time, the so called ‘Fantastic China Trade Deal’ was 90% complete. Now we are at phase 1 of 3 (or 30% complete) with a verbal? Give me a freaking break. LOL
Source: CNBC - 🏆 12. / 72 Read more »
European stocks slink back on warier view of U.S.-China, Brexit talksEuropean stocks took a step backward on Monday as traders took more sober assessments on the prospect of U.S.-China trade pact and a deal for Britain to leave the European Union.
Source: MarketWatch - 🏆 3. / 97 Read more »