Morning Coffee Pre-Market Wall Street News

Intel Shares Drop Premarket. Shares of chip maker Intel (INTC) are lower in the premarket shares after the company gave future guidance that disappointed Wall Street. The company forecast a third consecutive quarter of falling sales in Q1. Additionally Intel said that it would spend a greater-than-expected $13 billion on capex. In Q4, the company reported that net profits slumped 27% to $2.5 billion with EPS of $0.48 beating consensus.  Revenues fell 3% to $13.48 billion missing forecasts. Pre-market: 21.33 -1.35 (-5.95%)

Upgrades

Waste Management (WM): Wedbush raised their rating from Underperform to Neutral and raised their target price from $30.00 to $34.00. Pre-market: 35.45 +0.18 (0.51%)

Caterpillar (CAT): Piper Jaffray raised their rating from Neutral to Overweight and raised their target price from $85.00 to $113.00. Pre-market: 96.55 +0.85 (0.89%)

Amazon.com (AMZN): Pacific Crest raised their rating from Sector Perform to Outperform and placed a target price of $346.00 on the company. Pre-market: 272.46 +1.98 (0.73%)

Expeditors International (EXPD): Credit Suisse raised their rating from Neutral to Outperform and raised their target price from $42.00 to $50.00.

Tyson Foods (TSN): BMO Capital raised their rating from Market Perform to Outperform and raised their target price from $20.00 to $27.00. Pre-market: 21.54 +0.31 (1.46%)

Research In Motion (RIMM): Jefferies raised their rating from Hold to Buy and raised their target price from $13.00 to $19.50. Pre-market: 16.02 +1.11 (7.44%)

Downgrades

Visa (V): Robert W. Baird lowered their rating from Outperform to Neutral and placed a target price of $165.00. Pre-market: 158.55 -1.33 (-0.83%)

Old Dominion Freight (ODLF): Stifel Nicolaus lowered their rating from Buy to Hold.

CSX (CSX): Credit Suisse lowered their rating from Outperform to Neutral and lowered their target price from $26.00 to $22.00. Pre-market: 20.73 -0.16 (-0.77%)

Ball (BLL): Jefferies lowered their rating from Buy to Hold and maintained their target price of $49.00. Pre-market: 46.31 0.00 (0.00%)

Coverage Reiterated/Price Target Changed

UnitedHealth (UNH): Mizuho reiterated their Buy rating and raised their target price from $48.00 to $60.00.

Earning Reports

American Express (AXP): Reported EPS of $1.09 in-line with estimates. Pre-market: 60.10 -0.64 (-1.05%)

Capital One (COF): Reported EPS of $1.41 missing estimates by -$0.16. Pre-market: 57.39 -4.20 (-6.82%)

Intel (INTC): Reported EPS of $0.48 beating estimates by +$0.03. Pre-market: 21.33 -1.35 (-5.95%)

General Electric (GE): Reported EPS of $0.44 beating estimates by +$0.01. Pre-market: 22.06 +0.76 (3.57%)

Morgan Stanley (MS): Reported EPS of $0.45 beating estimates by +$0.22. Pre-market: 22.03 +1.28 (6.17%)

Progressive (PGR): Reported EPS of $0.41 beating estimates by +0.07.

Schlumberger (SLB): Reported EPS of $1.08 in-line with estimates. Pre-market: 73.50 +0.13 (0.18%)

State Street (STT): Reported EPS of $1.11 beating estimates by +$0.10. Pre-market: 50.60 +0.22 (0.44%)

SunTrust Banks (STI): Reported EPS of $0.65 beating estimates by +$0.04. Pre-market: 29.60 +0.03 (0.10%)

Markets: 
Futures at 7:00: Dow -0.02%. S&P +0.01%. Nasdaq -0.29%. Crude -0.10% to $95.39. Gold -0.01% to $1690.70.

Europe: London +0.42%. Paris -0.03%. Frankfurt -0.23%. 

Asia: Japan +2.89% to 10913.3. Hong Kong +1.12% to 23602. China +1.41% to 2317. India +0.38% to 20039.