Weekly Unemployment Calims

Client Josh Gatt ready to fill any role for the USA

Client Josh Gatt ready to fill any role for the USA

The winger came off the bench against Canada and says he feels ready to take on whatever is asked of him.

http://www.goal.com/en-us/news/66/united-states/2013/01/30/3711626/gatt-ready-to-fill-any-role-for-the-usa?source=breakingnews&ICID=HP_HL_2 

Morning Coffee Pre-Market Wall Street News

Jobless Claims Jump. The Labor Department reported that the number of Americans seeking unemployment benefits jumped 38,000 to a seasonally adjusted 368,000. The number was well above Wall Street estimates of only 345,000. The rising unemployment number comes just after the government reported that the Q4 GDP unexpectedly declined -0.1%.

Upgrades

JDS Uniphase (JDSU): Needham raised their rating from Hold to Buy and placed a target price of $18.00 on the company.

Downgrades

Facebook (FB): Stifel Nicolaus lowered their rating from Buy to Hold.

Facebook (FB): Citigroup lowered their rating from Buy to Neutral.

Facebook (FB): Jefferies       lowered their rating from Buy to Hold and lowered their target price from $32.00 to $30.00.

Research In Motion (RIMM): Evercore lowered their rating from Equal Weight to Underweight and placed a target price of $8.00 on the company.

Research In Motion (RIMM): Credit Suisse lowered their rating from Neutral to Underweight and lowered their target price from $11.00 to $10.00.

Coverage Reiterated/Price Target Changed

Kimberly-Clark (KMB): Argus reiterated their Buy rating and raised their target price from $92.00 to $98.00.

Qualcomm (QCOM): Sterne Agee reiterated their Buy rating and raised their target price from $71.00 to $74.00.

Qualcomm (QCOM): FBR Capital reiterated their Outperform rating and raised their target price from $77.00 to $79.00.

Earning Reports

Qualcomm (QCOM): Reported EPS of $1.26 beating estimates by +$0.14.

Altria (MO): Reported EPS of $0.55 beating estimates by +$0.01.

Ball Corp (BLL): Reported EPS of $0.64 missing estimates by -$0.01.

Colgate-Palmolive (CL): Reported EPS of $1.41 beating estimates by +$0.01.

Dow Chemical (DOW): Reported EPS of $0.33 missing estimates by -$0.03.

Hershey Foods (HSY): Reported EPS of $0.74 missing estimates by -$0.02.

MasterCard (MA): Reported EPS of $4.86 beating estimates by +$0.05.

Potash (POT): Reported EPS of $0.52 missing estimates by -$0.06.

Sherwin-Williams (SHW): Reported EPS of $1.12 missing estimates by -$0.03.

Tenneco (TEN): Reported EPS of $0.66 in-line with estimates.

UPS (UPS): Reported EPS of $1.32 missing estimates by -$0.06.

Markets: 
Futures at 9:10: Dow -0.01%. S&P -0.01%. Nasdaq -0.23%. Crude -0.35% to $97.60. Gold -0.50% to $1671.50.

Europe: London -0.38%. Paris -0.66%. Frankfurt -0.37%. 

Asia: Japan +0.22% to 11139. Hong Kong -0.39% to 23730. China +0.12% to 2385. India -0.55% to 19895. 

Morning Coffee Pre-Market Wall Street News

U.S. Economic Growth Stalls. GDP data for Q4 was released this morning showing that the U.S. economy has come to a standstill.  Q3 GDP came in at 3.1% and economists had estimated that Q4 GDP would slow to 1.1%. The actual Q4 GDP growth came in at -0.1% far off economist estimates and well below Q3 number. The poor data will come ahead of a FOMC policy to be announced later today. Economists expect the Fed to maintain its asset buying at $85B a month and keep its commitment to hold interest rates close to zero until unemployment drops to 6.5%.

Upgrades

EMC (EMC): Monness Crespi & Hardt raised their rating from Neutral to Buy and placed a target price of $30.00 on the company. Pre-market: 24.37 +0.19 (0.79%)

Viacom (VIAB): Cowen raised their rating from Neutral to Outperform.

Downgrades

Amazon.com (AMZN): CLSA lowered their rating from Outperform to Buy and lowered their target price from $290.00 to $265.00. Pre-market: 282.61 +22.26 (8.55%)

Exxon Mobil (XOM): Macquarie lowered their rating from Outperform to Neutral and lowered their target price from $101.00 to $99.00. Pre-market: 91.37 -0.39 (-0.43%)

Ford Motor Co (F): Craig-Hallum lowered their rating from Buy to Hold and maintained a target price of $14.00 on the company. Pre-market: 13.04 -0.10 (-0.76%)

Ford Motor Co (F): CLSA lowered their rating from Outperform to Underperform and lowered their target price from $15.00 to $14.00. Pre-market: 13.04 -0.10 (-0.76%)

Harley Davidson (HOG): Goldman Sachs lowered their rating from Buy to Neutral and lowered their target price from $58.00 to $54.00. Pre-market: 53.73 -0.79 (-1.45%)

Yum! Brands (YUM): Bernstein lowered their rating from Outperform to Market Perform and placed a target price of $72.00 on the company. Pre-market: 63.69 -0.55 (-0.86%)

Coverage Initiated

Priceline.com (PCLN): Ascendiant Capital Markets initiated coverage with a Buy rating and target price of $870.00. Pre-market: 702.79 +2.50 (0.36%)

Coverage Reiterated/Price Target Changed

Pfizer (PFE): Argus reiterated their Buy rating and raised their target price from $28.00 to $32.00. Pre-market: 27.57 -0.13 (-0.47%)

Earning Reports

Boeing (BA): Reported EPS of $1.28 beating estimates by +$0.08. Pre-market: 74.60 +0.95 (1.29%)

L-3 Comms (LLL): Reported EPS of $2.25 beating estimates by +$0.13. Pre-market: 78.30 +0.41 (0.53%)

Northrop Grumman (NOC): Reported EPS of $2.14 beating estimates by +$0.39. Pre-market: 66.00 -0.77 (-1.15%)

Phillips 66 (PSX): Reported EPS of $2.06 beating estimates by +$0.37. Pre-market: 61.50 +1.62 (2.71%)

Piper Jaffray (PJC): Reported EPS of $0.88 beating estimates by +$0.21.

Silicon Labs (SLAB): Reported EPS of $0.61 beating estimates by +$0.03.

Markets: 
Futures at 8:23: Dow -0.05%. S&P -0.25%. Nasdaq -0.23%. Crude +0.34% to $97.90. Gold +0.18% to $1664.00.

Europe: London -0.11%. Paris -0.29%. Frankfurt -0.34%. 

Asia: Japan +2.28% to 11114. Hong Kong +0.71% to 23822. China +1.00% to 2382. India +0.07% at 20005. 

Weyerhaeuser Co (WY) - Upgrade

ResearchTeam raised their rating from Hold to Accumulate.

Last Price $30.40 Today's Change +0.336 (1.12%) Open $30.09 Prev Close $30.06 Day Range $30.09 - $30.44 P/E Ratio 42.9x Volume 2,962,575 Rating Accuracy(TTM) 83.33%
	Quote data as of 3:06pm ET 1/29/2013

PepsiCo (PEP) - Upgrade

PepsiCo Inc (PEP) - Upgrade

ResearchTeam raised their rating from Hold to Accumulate.

Last Price $72.84 Today's Change +0.23 (0.32%) Open $72.46 Prev Close $72.61 Day Range $72.46 - $72.92 P/E Ratio 19.41x Volume 4,395,175 Rating Accuracy(TTM) 55.56%
	Quote data as of 3:06pm ET 1/29/2013

McDonald's Corp (MCD) - Upgrade

ResearchTeam raised their rating from HOLD to ACCUMULATE. Last Price $94.90 Today's Change +0.5399 (0.57%) Open $94.15 Prev Close $94.36 Day Range $94.05 - $94.94 P/E Ratio 17.71x Volume 3,360,209 Rating Accuracy(TTM) 42.86% Quote data as of 3:06pm ET 1/29/2013

Morning Coffee Pre-Market Wall Street News

Warren Buffet Bid For Stock Exchange. Warren Buffet CEO of Berkshire Hathaway had made an attempt to purchase the NYSE.  The bid was rejected in favor of ICE’s offer. NYSE Euronoext's (NYX) share of U.S. equity trading has fallen over the last decade from 82% to around 20% of U.S. trades.

Upgrades

Abercrombie & Fitch (ANF): BMO Capital raised their rating from Market Perform to Outperform and raised their target price from $44.00 to $61.00.

Genuine Parts (GPC): BB&T raised their rating from Hold to Buy.

Caterpillar (CAT): BMO Capital raised their rating from Market Perform to Outperform and raised their target price from $83.00 to $130.00.

Downgrades

Maximus (MMS): Sidoti lowered their rating from Buy to Neutral. Pre-market: 69.39 -0.78 (-1.11%)

VMware (VMW): Wunderlich lowered their rating from Buy to Hold and lowered their target price from $100.00 to $75.00. Several over companies also lowered their ratings. Pre-market: 79.41 -18.91 (-19.23%)

Stanley Black & Decker (SWK): Imperial Capital lowered their rating from Outperform to In-line and lowered their target price from $84.00 to $82.00. Pre-market: 76.09 -0.49 (-0.64%)

NCR Corp (NCR): Compass Point lowered their rating from Buy to Neutral and placed a target price of $30.00 on the company.

BMC Software (BMC): Cowen lowered their rating from Outperform to Neutral.    

      

Unilever (UN) (UL): Jefferies lowered their rating from Buy to Hold.

Coverage Initiated

Laboratory Corp (LH): Oppenheimer initiated coverage with a Perform rating.

Salesforce.com (CRM): Maxim initiated coverage with a Buy rating and target price of $200.00. Pre-market: 174.00 -4.07 (-2.29%)

Earning Reports

Boston Scientific (BSX): Reported EPS of $0.18 beating estimates by +$0.07. Pre-market: 6.95 +0.09 (1.31%)

Corning (GLW): Reported EPS of $0.34 beating estimates by +$0.01. Pre-market: 12.60 +0.45 (3.70%)

EMC (EMC): Reported EPS of $0.54 beating estimates by +$0.02. Pre-market: 24.00 -1.20 (-4.76%)

Ford (F): Reported EPS of $0.31 beating estimates by +$0.05. Pre-market: 13.57 -0.21 (-1.52%)

Harley-Davidson (HOG): Reported EPS of $0.31 in-line with estimates. Pre-market: 52.85 -0.35 (-0.66%)

Illinois Tool (ITW): Reported EPS of $0.89 missing estimates by -$0.01. Pre-market: 65.00 -0.44 (-0.67%)

Intl Paper (IP): Reported EPS of $0.69 beating estimates by +$0.04. Pre-market: 41.25 -0.87 (-2.07%)

Pfizer (PFE): Reported EPS of $0.47 beating estimates by +$0.03. Pre-market: 27.00 +0.16 (0.60%)

US Steel (X): Reported EPS of -$0.41 beating estimates by +$0.33. Pre-market: 24.11 +0.39 (1.64%)

Markets: 
Futures at 8:18: Dow -0.14%. S&P -0.24%. Nasdaq -0.21%. Crude +0.04% to $96.48. Gold +0.55% to $1662.00.

Europe: London +0.06%. Paris -0.30%. Frankfurt -0.22%. 

Asia: Japan +0.39% to 10867. Hong Kong -0.07% to 23655. China +0.53% to 2359. India -0.56% to 19991. 

National Oilwell Varco Inc (NOV) - Upgrade

S&P raised their rating from ****/Buy to *****/Strong Buy.

Current Price $74.00 Today's Change +0.24 (0.33%) 52 Week Range $59.07 - $89.95 Average Volume (10-day) 2.8M EPS (TTM) $5.62 P/E Ratio 13.16x Shares Outstanding 426.9M Market Cap ($) 31.6B Beta 1.6769