MORNING COFFEE

Sears Gets Booted From S&P 500 Index. For over 55 years Sears (SHLD)has been included in the S&P 500 Index, now that is about to change.  The company was one of the original members of the index when it was created back in 1957 and includes some of the biggest household names. LyondellBasell (LYB) will replace Sears in the S&P 500 after the close of trading next Tuesday. LyondellBasell is a chemical company that consists of processing plants that convert liquid and gaseous hydrocarbon into plastic resins and other chemicals.

Upgrades

Pandora Media (P): Canaccord Genuity raised their rating from Hold to Buy and raised their target price from $13.00 to $16.00. Pre-market: 11.46 +1.38 (13.69%)

Downgrades

Angie's List (ANGI): Canaccord Genuity lowered their rating from Buy to Hold and lowered their target price from $20.00 to $12.50. Pre-market: 10.00 -0.22 (-2.15%)

Humana (HUM): Credit Suisse lowered their rating from Outperform to Neutral.

Coverage Initiated

Symantec (SYMC): Longbow initiated coverage with a Neutral rating. Pre-market: 17.72 -0.11 (-0.62%)

VMware (VMW): Longbow initiated coverage with a Buy rating and target price of $110.00. Pre-market: 90.18 -0.44 (-0.49%)

Earning Reports

Pandora Media (P): Reported EPS of $0.00 beating estimates by +$0.04. Pre-market: 11.46 +1.38 (13.69%)

TiVo (TIVO): Reported EPS of -$0.23 beating estimates by +$0.02. Pre-market: 9.55 +0.19 (2.03%)

Ciena (CIEN): Reported EPS of $0.04 missing estimates by -$0.02. Pre-market: 9.55 +0.19 (2.03%)

Toronto Dominion Bank (TD): Reported EPS of $1.91 beating estimates by +$0.07. Pre-market: 82.50 +0.13 (0.16%)

Markets: 
Futures at 8:52: Dow -0.33%. S&P -0.36%. Nasdaq -0.39%. Crude -0.12% to $95.38. Gold +0.12% to $1665.10.

Europe: London -0.23%. Paris -0.49%. Frankfurt -0.83%. 

Asia: Japan -0.95%. Hong Kong -1.19%. China -0.03%. India +0.29%.