Tuesday, November 12, 2013

Walmart Announces Black Friday Deals.

Walmart Announces Black Friday Deals. Today Walmart, the nation's largest retailer announced their highly anticipated Black Friday deals.  The retailer plans to begin its sales deals on Thanksgiving evening at 6:00 p.m. Electronics will play an even more prominent role this year at the retailer, with an expanded list of TV’s, tablets, and video games going on sale. The company is offering a 32” HD TV for only $98.00. Walmart is also expanding its "one-hour guarantee" policy. The policy is that if you're in line between 6 p.m. and 7 p.m. or 8 p.m. and 9 p.m. on Thursday, Nov. 28, the company guarantees you'll either be able to purchase the item that night, or receive it by Christmas. This year, 21 items will be covered by the guarantee. According to the National Retail Federation holiday shoppers are expected to spend about 3.9% more this year than they did last year. Walmart’s sales deals can be found at: http://www.walmart.com/cp/1076614

Upgrades:

Western Union (WU): First Analysis raised their rating from Equal Weight to Overweight and placed a target price of $22.00 on the company.

Downgrades:

Costco (COST): UBS lowered their rating from Buy to Neutral and placed a target price of $24.00 on the company.

Intel (INTC): MKM Partners lowered their rating from Buy to Neutral and placed a target price of $25.00 on the company.

FedEx (FDX): Cowen lowered their rating from Outperform to Market Perform.

Symantec (SYNA): Macquarie lowered their rating from Outperform to Neutral.

Coverage Initiated:

Tenet Healthcare (THC): JPMorgan initiated coverage with an Overweight rating and target price of $50.00.

Twitter (TWTR): RW Baird initiated coverage with a Neutral rating and target price of $48.00.

Earning Reports:

Dean Foods (DF): Reported EPS of $0.12 missing estimates by -$0.01.

DISH Network (DISH): Reported EPS of $0.68 beating estimates by +$0.25.

DR Horton (DHI): Reported EPS of $0.40 in-line with estimates.

NRG Energy (NRG): Reported EPS of $0.37 missing estimates by -$0.52.

Yingli Green Energy (YGE): Reported EPS of $0.24 missing estimates by -$0.03.

Markets: 
Futures at 6:20: Dow -0.1%. S&P -0.2%. Nasdaq -0.2%. Crude -0.3% to $94.90. Gold -0.1% to $1280.

Europe: London -0.3%. Paris -0.3%. Frankfurt -0.3%. 


 Asia: Japan +2.2% to 14589. Hong Kong -0.7% to 22901. China +0.8% to 2127. India -1% to 20282. 

#RLPaler #WallStreet #WealthManagement #EarningReports #AnalystsRatings #Walmart #BlackFriday #ThanksgivingSale

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