Expeditors International of Washington Inc - Upgrade

Credit Suisse raised their rating from Neutral to Outperform.

Last Price $37.06 Today's Change 0.00 (0.00%) Open $0.00 Prev Close $37.06 Day Range -- - -- Volume 0 P/E Ratio 23.1x EPS (TTM) $1.60

Morning Coffee Pre-Market Wall Street News

JCPenney Shares Drive on Earnings. J.C. Penney's (JCP) shares are lower in the premarket after the retailer announced Q4 results. JCP's net losses grew almost six-fold to $552 million, losses per share were $0.24 and revenue fell 28.4% to $3.8 billion.  Additionally, the company gave no future guidance. CEO Ron Johnson said he made "big mistakes" in his attempts to turn JCP around. Pre-market: 17.42 -3.74 (-17.67%)

Groupon Shares Under Heavy Pressure. Groupon's (GRPN) reported Q4 earnings yesterday after the market close and the shares are under heavy pressure in the pre-market. The company reported losses per share of $0.12 missing estimates by $0.15. Revenues at the company rose 30% to $638.3 million coming in with estimates.  The company's net loss widened 24% to $81.1 million and the company gave Q1 future guidance below estimates. Pre-market: 4.34 -1.64 (-27.46%)

Upgrades

AB InBev (BUD): Credit Suisse raised their rating from Neutral to Outperform.

Deutsche Bank (DB): Keefe Bruyette raised their rating from Market Perform to Outperform. Pre-market: 45.83 -0.15 (-0.33%)

Edison International (EIX): BMO Capital raised their rating from Market Perform to Outperform and raised their target price from $47.00 to $56.00.

Joy Global (JOY): CLSA raised their rating from Underperform to Perform.

Downgrades

Boston Beer Co (SAM): Williams Capital Group lowered their rating from Outperform to Perform.

Groupon (GRPN): Raymond James lowered their rating from Market Perform to Underperform. Pre-market: 4.34 -1.64 (-27.46%)

Groupon (GRPN): Wells Fargo lowered their rating from Outperform to Market Perform and lowered their target range from $6.00-$7.00 to $5.00-$6.00. Pre-market: 4.34 -1.64 (-27.46%)

Saks (SKS): Morgan Stanley lowered their rating from Equal Weight to Underweight and placed a target price of $10.00 on the company.

UBS (UBS): Keefe Bruyette lowered their rating from Outperform to Market Perform.

Coverage Initiated

eBay (EBAY): BMO Capital initiated coverage with an Outperform rating and target price of $64.00. Pre-market: 54.48 +0.33 (0.61%)

VMware (VMW): Stifel Nicolaus initiated coverage with a Hold rating. Pre-market: 73.00 +0.18 (0.25%)

Earning Reports

Chico's FAS (CHS): Reported EPS of $0.20 in-line with estimates. Pre-market: 15.99 -0.42 (-2.56%)

JC Penny (JCP): Reported EPS of $1.95 missing estimates by -$1.78. Pre-market: 17.42 -3.74 (-17.67%)

Kohl's (KSS): Reported EPS of $1.66 beating estimates by +$0.03. Pre-market: 45.00 -1.61 (-3.45%)

Sears Holdings (SHLD): Reported EPS of $1.12 in-line with estimates. Pre-market: 48.50 +1.03 (2.17%)

Sturm Ruger (RGR): Reported EPS of $1.00 beating estimates by +$0.18. re-market: 54.25 +0.74 (1.38%)

Toronto-Dominion Bank (TD): Reported EPS of $2.00 beating estimates by +$0.07.

Visteon (VC): Reported EPS of $0.74 missing estimates by -$0.14.

Markets: 
Futures at 7:38: Dow +0.07%. S&P +0.11%. Nasdaq +0.17%. Crude -0.08% to $92.69. Gold -0.374% to $1589.80.

Europe: London +0.30%. Paris +0.13%. Frankfurt +0.62%. 

Asia: Japan +2.71% to 11559. Hong Kong +1.96% to 23020. China +2.26% to 2366. India -1.52% to 18862. 

Morning Coffee Pre-Market Wall Street News

Markets are closed in observance of President's Day.

Abbott Labs (ABT) - Coverage Initiated

Abbott Labs (ABT): Stifel Nicolaus initiated coverage with a Buy rating and target price of $40.00.

Morning Coffee Pre-Market Wall Street News

SEC Investigating Heinz Trades. Reports say that the SEC is investigating unusual option trading activity in Heinz (HNZ). On Tuesday, one day before the announcement that the company is being bought by Berkshire Hathaway (BRK.A / BRK.B) and 3G Capital for $28 billion, or $72.50 a share there was a large spike in call option trades. A Heinz $65 call option expiring on June 22 apparently had a volume of 2,593 contracts vs an average over the prior 20 days of 13 contracts. HNZ Pre-market: 72.42 -0.08 (-0.11%) BRK.B Pre-market: 99.35 +0.14 (0.14%)

Upgrades

NETGEAR (NTGR): Sterne Agee raised their rating from Neutral to Buy and placed a target price of $41.00 on the company.

Pacific Sunwear (PSUN): DA Davidson raised their rating from Neutral to Buy and raised their target price from $2.20 to $3.50.

Downgrades

Aqua America (WTR): HSBC lowered their rating from Overweight to Neutral. Pre-market: 28.36 -0.27 (-0.94%)

Coinstar (CSTR): Compass Point lowered their rating from Buy to Neutral and placed a target price of $55.00 on the company.

DIRECTV (DTV): ISI Group lowered their rating from Buy to Neutral. Pre-market: 50.00 -0.21 (-0.42%)

LogMeIn (LOGM): Wunderlich lowered their rating from Buy to Hold and lowered their target price from $47.00 to $22.00. Pre-market: 17.60 -6.06 (-25.61%)

LogMeIn (LOGM): Oppenheimer lowered their rating from Outperform to Perform and lowered their target price to $29.00. Pre-market: 17.60 -6.06 (-25.61%)

T. Row Price (TROW): Susquehanna lowered their rating from Positive to Neutral and lowered their target price from $55.00 to $49.00.

Coverage Initiated

Abbott Labs (ABT): Stifel Nicolaus initiated coverage with a Buy rating and target price of $40.00.

Emerson Electric (EMR): RBC Capital initiated coverage with an Outperform rating and target price of $70.00.

Earning Reports

American Electric (AEP): Reported EPS of $0.50 beating estimates by $+$0.05.

Burger King (BKW): Reported EPS of $0.23 beating estimates by +$0.08. Pre-market: 17.60 +1.02 (6.15%)

Campbell Soup (CPB): Reported EPS of $0.70 beating estimates by +$0.04. Pre-market: 38.30 -0.42 (-1.08%)

CBS (CBS): Reported EPS of $0.64 missing estimates by -$0.06. Pre-market: 42.34 -0.60 (-1.40%)

J.M. Smucker (SJM): Reported EPS of $1.47 beating estimates by +$0.08. Pre-market: 92.18 +0.02 (0.02%)

Kraft Foods (KRFT): Reported EPS of $0.57 beating estimates by +$0.04. Pre-market: 47.14 -0.02 (-0.04%)

LogMeIn (LOGM): Reported EPS of $0.24 beating estimates by +$0.06. Pre-market: 17.60 -6.06 (-25.61%)

Masimo (MASI): Reported EPS of $0.26 missing estimates by -$0.02.

Markets: 
Futures at 7:42: Dow -0.08%. S&P -0.12%. Nasdaq -0.09%. Crude -0.47% to $96.85. Gold -0.47% to $1627.90.

Europe: London +0.10%. Paris +0.07%. Frankfurt -0.15%. 

Asia: Japan -1.18% to 11174. Hong Kong +0.13% to 23445. China closed. India -0.15% to 19468. 

Equinix Inc (EQIX) - Upgrade

TheStreet.com raised their rating from Hold to Buy and placed a target price of $279.59 on the company.

Last Price $226.00 Today's Change +12.98 (6.09%) Open $223.31 Prev Close $213.02 Day Range $217.14 - $231.26 Volume 2,639,364 P/E Ratio 96.58x EPS (TTM) $2.34
	Quote data as of 4:00pm ET 2/14/2013

Warren Buffett's Berkshire Hathaway (BRK.A / BRK.B) to Buy Heinz (HNZ)

Berkshire Hathaway, 3G to Acquire Heinz for $28 Billion

Morning Coffee Pre-Market Wall Street News

AB InBev amends Terms of Modelo Deal. AB InBev (BUD) has amended the terms to acquire the remaining 50% stake in Mexican brewer Modelo. The $20.1 billion deal had some U.S. antitrust concerns. To alleviate these concerns AB InBev said it will  sell the Mexican company's Piedras Negras brewery to Constellation Brands (STZ) and give it the rights to sell Corona and other Modelo brands in the U.S. in a deal worth $2.9 billion. BUD Pre-market: 92.17 +3.91 (4.43%) STZ Pre-market: 39.90 +8.02 (25.16%)

U.S. Stock Futures Fall on Eurozone News. U.S. Stock futures are lower on news the eurozone recession deepened in Q4. Eurozone GDP fell more than economists had expected coming in at -0.6% vs -0.4% in Q3. Germany’s economy the largest in the eurozone contracted of 0.6% with France’s also shrinking.

Upgrades

AB InBev (BUD): Societe Generale raised their rating from Hold to Buy. Pre-market: 92.17 +3.91 (4.43%)

Ingram Micro (IM): Needham raised their rating from Hold to Buy and placed a target price of $22.00 on the company. After Hours: 19.00 +0.53 (2.87%)

Verizon (VZ): Raymond James raised their rating from Market Perform to Outperform. Pre-market: 44.75 +0.23 (0.52%)

Downgrades

Dell (DELL): Brean Capital lowered their rating from Buy to Hold. Pre-market: 13.80 +0.03 (0.22%)

Dell (DELL): Raymond James lowered their rating from Strong Buy to Market Perform. Pre-market: 13.80 +0.03 (0.22%)

Hyatt Hotels (H): FBR Capital lowered their rating from Outperform to Market Perform.

Lockheed Martin (LMT): Cowen lowered their rating from Outperform to Neutral.

NVIDIA (NVDA): Needham lowered their rating from Buy to Hold. Pre-market: 12.20 -0.17 (-1.37%)

Oceaneering Intl (OII): Goldman Sachs lowered their rating from Conviction Buy to Neutral.

Earning Reports

Cisco Systems (CSCO): Reported EPS of $0.51 beating estimates by +$0.03. Pre-market: 20.80 -0.34 (-1.61%)

DIRECTV (DTV): Reported EPS of $1.55 beating estimates by +$0.42. Pre-market: 52.00 +0.33 (0.64%)

Molson Coors Brewing (TAP): Reported EPS of $0.69 beating estimates by +$0.03. After Hours: 44.44 -0.18 (-0.40%)

PepsiCo (PEP): Reported EPS of $1.09 beating estimates by +$0.04. Pre-market: 72.86 +1.36 (1.90%)

Waste Management (WM): Reported EPS of $0.57 missing estimates by +$0.03. After Hours: 36.89 +0.25 (0.68%)

Markets: 
Futures at 7:05: Dow -0.44%. S&P -0.38%. Nasdaq -0.41%. Crude -0.16% to $96.85. Gold +0.16% to $1647.70.

Europe: London -0.66%. Paris -0.73%. Frankfurt -1.01%. 

Asia: Japan +0.50% to 11307. Hong Kong +0.85% to 23413. China closed. India -0.57% to 19497. 

Morning Coffee Pre-Market Wall Street News

Android Phones Dominate iPhone. Google’s (GOOG) Android based phones are widening their dominance over Apple’s (AAPL) iPhone. Technology research company Gartner reports that in Q4 Android smartphones market share rose to 69.7% from 51.3% in 2011, while Apple's iOS declined to 20.9% from 23.6%. AAPL Pre-market: 468.90 +1.00 (0.21%) GOOG Pre-market: 781.58 +0.88 (0.11%)

Upgrades

Avon Products (AVP): B. Riley Caris raised their rating from Neutral to Buy. Pre-market: 20.85 +0.06 (0.29%)

Comcast (CMCSA): Credit Suisse raised their rating from Neutral to Outperform and raised their target price from $40.00 to $48.00. Pre-market: 42.10 +3.13 (8.03%)

Western Union (WU): Compass Point raised their rating from Sell to Neutral. Pre-market: 14.00 -0.34 (-2.37%)

Western Union (WU): CLSA raised their rating from Sell to Underperform. Pre-market: 14.00 -0.34 (-2.37%)

Zimmer Holdings (ZMH): Argus raised their rating from Hold to Buy and placed a target price of $90.00 on the company.

Downgrades

Dell (DELL): Maxim lowered their rating from Buy to Hold and placed a target price of $13.65 on the company. Pre-market: 13.78 -0.01 (-0.07%)

Dell (DELL): Bernstein lowered their rating from Outperform to Market Perform and placed a target price of $13.65 on the company. Pre-market: 13.78 -0.01 (-0.07%)

Fossil (FOSL): FBR Capital lowered their rating from Market Perform to Underperform and placed a target price of $95.00 on the company. Pre-market: 107.99 -2.66 (-2.40%)

HJ Heinz (HNZ): UBS lowered their rating from Buy to Neutral and maintained their target price of $62.00. Pre-market: 60.15 -0.73 (-1.20%)

WellPoint (WLP): Monness Crespi lowered their rating from Buy to Neutral. Pre-market: 64.50 -1.51 (-2.29%)

Earning Reports

Calpine (CPN): Reported EPS of $0.22 beating estimates by +$0.26.

Dean Foods (DF): Reported EPS of $0.20 missing estimates by -$0.10. Pre-market: 17.49 -0.90 (-4.89%)

Deere (DE): Reported EPS of $1.65 beating estimates by +$0.25. Pre-market: 93.70 -0.27 (-0.29%)

Dr Pepper Snapple (DPS): Reported EPS of $0.82 missing estimates by -$0.03.

Henry Schein (HSIC): Reported EPS of $1.26 beating estimates by +$0.06.

Thomson Reuters (TRI): Reported EPS of $0.60 beating estimates by +$0.04.

Vonage (VG): Reported EPS of $0.10 beating estimates by +$0.04. Pre-market: 2.60 +0.18 (7.44%)

Markets: 
Futures at 8:00: Dow +0.14%. S&P +0.20%. Nasdaq +0.28%. Crude +0.42% to $97.91. Gold -0.16% to $1647.10.

Europe: London +0.18%. Paris +0.25%. Frankfurt +0.25%. 

Asia: Japan -1.04% to 11251. Hong Kong, China closed. India +0.24% to 19608.