| The KUIK Morning Market Report for Monday, August 31: | |||||||
| Markets have started the week on the downside. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (141) | points | 16,502 | 7:03 AM | ||
| S&P500 | Down | -1.1% | percent | 1,968 | (20.98) | ||
| Nasdaq Composite | Down | -0.9% | percent | 4,783 | (45.05) | ||
| 30 Year Treasury | Down | (4) | Basis Points | 2.87 | Annual Yield | ||
| Intel was upgraded to outperform from market perform at Northland Capital Markets, which cited an improving outlook for the PC market and improved valuation after the recent selloff. Analyst Gus Richard kept his stock price target at $32, which is 13% over the current price of $28.31. He believes he worst of the downturn in Intel’s PC business is over, now that the excess inventory from the post-Windows XP corporate refresh is cleared out. Richard said the completion of the Altera acquisition is a positive catalyst, virtual reality is expected to boost its PC business in 2017, and the new 3DXpoint memory could be a game changer. | |||||||
| China’s government has decided it will no longer make big stock purchases to support its stock market, and instead plans to go after those it believes are responsible for causing recent volatility, according to the Financial Times. The collapse in stocks last week was partially blamed on a lack of support by authorities who have been intervening since early July. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/intel-upgraded-on-belief-that-the-worst-of-the-pc-downturn-is-over-2015-08-31 | |||||||
| http://www.marketwatch.com/story/china-wont-be-propping-up-its-stock-market-with-big-stock-buys-report-2015-08-31 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||