MORNING COFFEE

Microsoft Windows 8 Everywhere. Today in Berlin the IFA international conference for consumer electronics and home appliances kicks off with many new products being unveiled for the first time. Microsoft does not have an exhibit, yet it is everywhere you look. Windows 8/RT tablets are numerous, including tablets from both Dell (DELL) and H-P (HPQ).  Samsung (SSNFL) is also showing off its Windows 8 smartphone. MSFT Pre-market: 30.58 +0.26 (0.86%)

Upgrades

CIBC (CM): BMO Capital Markets raised their rating from Market Perform to Outperform.

Corning (GLW): Oppenheimer raised their rating from Perform to Outperform and placed a target price of $16.00 on the company. Pre-market: 12.02 +0.40 (3.44%)

Credit Suisse (CS): ING Group raised their rating from Sell to Hold. Pre-market: 19.21 +0.64 (3.45%)

Downgrades

Toronto Dominion Bank (TD): Credit Suisse lowered their rating from Outperform to Hold. Pre-market: 81.99 +0.70 (0.86%)

Coverage Initiated

Garmin (GRMN): Wells Fargo initiated coverage with an Outperform rating. Pre-market: 40.14 +0.17 (0.43%)

Earning Reports

Zumiez (ZUMZ): Reported EPS of $0.17 beating estimates by +$0.04. Pre-market: 29.14 -3.08 (-9.56%)

Markets: 
Futures at 8:33: Dow +0.89%. S&P +0.85%. Nasdaq +0.94%. Crude +1.28% to $95.83. Gold +0.49% to $1665.30.

Europe: London +0.54%. Paris +1.17%. Frankfurt +1.39%. 

Asia: Japan -1.60%. Hong Kong -0.36%. China -0.25%. India 0.00%.