Pride International downgraded at Wachovia from market perform to underperform. Pride will most likely underperform the mean return of covered offshore drillers in either direction, and could depreciate even if the universe trades up.
Here are defense companies to watch as the U.S. responds to offensive threats posed by China and Russia.
U.S. stock futures rise as earnings season ramps up in a week heavy with reports from U.S. tech giants; Earnings reports are expected Monday from Whirlpool and Halliburton; Equifax agrees to pay up to $700 million to settle privacy claims stemming from a 2017 data breach; Walt Disney's 'The Lion King' grosses $185 million over its opening weekend in North America.
We have some minor strength to start the day but earnings reports this week will be critical.