The following are the pivot levels for the SPDR S&P 500 ETF Trust (SPY). Pivot High: $301.63, Pivot Low: $300.14. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.
Exxon Mobil (XOM) and Chevron (CVX), both up 3% after a jump in oil prices following drone strikes on an oil facility in Saudi Arabia that has many stocks in the energy sector up as well. SemGroup (SEMG), up 60% after agreeing to be acquired by Energy Transfer LP (ET) in a unit and cash transaction valued at $17 per share, or a total consideration including the assumption of debt of approximately $5B… Centennial Resource Development (CDEV), up 16% amid general strength in energy stocks after SunTrust analyst Neal Dingmann upgraded the stock to Buy and raised his price target to $8 from $5.
JPMorgan analyst Seth Seifman upgraded Raytheon (RTN) to Overweight from Neutral and raised his price target for the shares to $230 from $225. The stock’s outperformance thus far in September is a sign of increasing investor confidence in the outlook for Raytheon and for the United Technologies (UTX) combination, along with some mean reversion, Seifman tells investors in a research note. With potential upside on both valuation and estimates, further increases in confidence point to a positive risk/reward dynamic for Raytheon shares, says the analyst.
DARK POOL PRINTS OF INTEREST – SPY $301.35 7 mil / BA 181k $379.76 / ATUS 2.67 MIL $29.40 / DAL 3.28 MIL $60.01 / FOXA 1.14 MIL $33.83 / GM 1.32 MIL $38.86 / KMI 9.30 MIL $20.47 / LEN 1.39 MIL $53.50 / MSFT 3.64 MIL $137.32 / PM 1.43 MIL $73.05 / T 3 MIL $37.91 / VZ 1.69 MIL $59.96 / CIEN 922K $39.58