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Petrobras Soars, General Electric Gains as China's Easing Sinks Dow

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Michael Haddad

China Syndrome. The Dow Jones Industrial Average was sliding on Monday, but don't blame the bond market- it is closed Monday. Look overseas instead, where China's decision to cut its banks' reserve-requirement ratios sent its market sharply lower on concerns about its economy. General Electric was rising after receiving an analyst upgrade. In today's Morning Movers, we…

The Chinese loosened credit again.Chinese markets droppedS&P 500Dow Jones Industrial AverageNasdaq CompositeThe Culp effect.General Electricnew GE CEO Larry Culp'sthe expected kitchen-sink cut to earnings guidanceCumminsCMIJ.M. Smucker will tell us about the state of jam on Tuesday at an investor eventJ.M. SmuckerSJMCampbell SoupCPBproxy battle with hedge fund Third PointHoneywell hosts its own investor event Wednesday.Honeywell InternationalHONspinning out its thermostat businessEmerson ElectricEMRJohnson ControlsHoneywell has spun two assets this yearGarrett Motionthinking about why it is underperforming

Arconic (ARNC) has gained 3.8% to $22.68 on reports a number of private-equity companies would like to take it private.

Bausch Health (BHC) is up 2.1% to $26.88 after the Food and Drug Administration provided tentative approval for its plaque psoriasis treatment.

Brazilian stocks, including Petróleo Brasileiro (PBR), up 14% to $15.85, and Vale (VALE), up 2.5% to $15.39, are rising after the first round of that nation's presidential election. Petrobras was upgraded by JPMorgan and BofA Merrill Lynch, among others.

Conagra Brands (CAG) is up 0.8% to $33.86 after UBS upgraded it to Buy.

iRobot (IRBT) is down 3.1% to $102.81 after Piper Jaffray downgraded it to Neutral.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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