U.S. equity index futures are slightly lower this morning. S&P 500 futures recovered to down 3 points following release of the March Empire State Manufacturing Index. Consensus was a decline to 21.45 from 24.91 in February. Actual was a less than expected decline to 22.86.
Google slipped 2% on news that the company is close to exiting service in China.
Wal-Mart gained 1% after Citigroup raised its rating from Hold to Buy. Target was raised from $54 to $65. ‘Tis the season for Wal-Mart to move higher! Following is a 20 year seasonality study on Wal-Mart:
UBS raised its target price on Dupont from $39 to $41. ‘Tis the season for Dupont to move higher! Following is a 20 year seasonality chart on Dupont:
Coverage of Agrium was initiated by RBC Capital Markets with an Outperform rating. Target price is $90.