Todays 

Upgrades

• Taiwan Semiconductor (TSM)upgraded by Goldman Sachs from Buy to Conviction Buy
• America Movil (AMX) upgraded by HSBC from Hold to Buy
• Vodacom (VDMCY) upgraded by HSBC from Reduce to Hold
• Union Pacific (UNP) upgraded by Deutsche Bank from Hold to Buy
• Alvotech (ALVO) upgraded by Citi from Sell to Neutral
• Cognizant (CTSH) upgraded by…

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Stock markets have traded narrowly mixed, with the FTSE 100 outperforming in tandem with Gilts. U.K. wage growth slowed more than anticipated and BoE’s Dhingra stuck to her dovish credentials, which underpinned demand for U.K. assets. A surprisingly strong German ZEW confidence report meanwhile added to signs that the Eurozone economy… Read more

SPY Upside levels of interest: 4380, 4400, 4425, 4450

Downside levels of interest: 4300, 4277, 4250, 4230

Market News to watch for-

• Early October seasonal low

• Interest rates

• Israel war

Economic Data this week-

• All week: Heavy fed-speak 

• Wednesday: PPI and FOMC minutes

• Thursday: CPI

Earnings this week-

• Friday: JPMorgan, Citi, Wells Fargo

Todays Upgrades

• Heineken (HEINY) upgraded by Kepler Cheuvreux from Hold to Buy
• Carlsberg (CABGY) upgraded by Kepler Cheuvreux from Reduce to Hold
• Pernod Ricard (PDRDF) upgraded by Kepler Cheuvreux from Reduce to Hold
• CenterPoint Energy (CNP) upgraded by KeyBanc from Sector Weight to Overweight
• CMS Energy (CMS) upgraded by KeyBanc from Sector Weight…

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Upgrades

• LyondellBasell (LYB) upgraded by Citi from Neutral to Buy
• Compass Group (CMPGY) upgraded by RBC Capital from Underperform to Sector Perform
• Schindler (SHLAF) upgraded by RBC Capital from Sector Perform to Outperform
• Orange (ORAN) upgraded by BofA from Underperform to Buy
• Salmar (SALRF) upgraded by Berenberg from Sell to Hold

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