Gunman Storm Buildings in Ukraine

Gunman Storm Buildings in Ukraine. In Ukraine’s Crimea region gunmen stormed government buildings replacing the Ukrainian flag with the Russian flag. Ukraine’s provisional government said they are taking measures “to counter extremist actions.” Russia has a naval base in the area and Ukrainian authorities have also warned Russian troops to stay on their base. This comes after Russian troops staged military drills along Ukraine’s boarder in a show of force yesterday. Reports also indicate that the Russian government has given protection to deposed Ukraine President Viktor Yanukovych.

Upgrades:

JCPenney (JCP): Wells Fargo raised their rating from Underperform to Market Perform and raised their target range from $4.00-$5.00 to $6.00-$7.00. Pre-market: 7.35 +1.39 (23.32%)

Molson Coors Brewing (TAP): First Call raised their rating from Hold to Buy.

Sony Corp. (SNE): Citigroup raised their rating from Neutral to Buy.

Downgrades:

Baidu (BIDU): Morgan Stanley lowered their rating from Overweight to Equal Weight and lowered their target price from $185.40 to $179.50. Pre-market: 175.38 +2.48 (1.43%)

Clean Harbors (CLH): Wedbush lowered their rating from Outperform to Neutral and lowered their target price from $74.00 to $50.00. Pre-market: 45.91 -0.17 (-0.37%)

Western Union (WU): SunTrust lowered their rating from Neutral to Reduce and lowered their target price from $15.00 to $13.00.

Coverage Initiated:

Microsoft (MSFT): B. Riley initiated coverage with a Neutral rating and target price of $39.00.

Oracle (ORCL): B. Riley initiated coverage with a Buy rating and target price of $48.00.

Ross Stores (ROST): Wedbush initiated coverage with an Outperform rating and target price of $83.00.

SAP AG (SAP): B. Riley initiated coverage with a Neutral.

Textron (TXT): Jeffries initiated coverage with a Buy rating and target price of $46.00.

TJX Cos. (TJX): Wedbush initiated coverage with a Neutral rating and target price of $63.00.

Earning Reports:

Best Buy (BBY): Reported EPS of $1.24 beating estimates by +$0.23. Pre-market: 27.69 +1.87 (7.24%)

Dynegy (DYN): Reported EPS of -$3.56 missing estimates by -$4.31.

Foster Wheeler (FWLT): Reported EPS of $0.47 beating estimates by +$0.07. Pre-market: 32.60 +0.68 (2.13%)

Kohl's (KSS): Reported EPS of $1.56 beating estimates by +$0.01. Pre-market: 55.10 +0.66 (1.21%)

Sears Holdings (SHLD):  Reported EPS of -$3.37 missing estimates by -$1.77. Pre-market: 42.60 +2.20 (5.45%)

Wendy’s (WEN): Reported EPS of $0.11 beating estimates by +$0.01. Pre-market: 10.09 -0.10 (-0.98%)

Markets: 
Futures at 8:47: Dow 0.0%. S&P -0.03%. Nasdaq +0.14%. Crude -0.11% to $102.48. Gold +0.26% to $1331.40. U.S. 10 Year +2/32 to 2.658%.

Europe: London -0.24%. Paris -0.36%. Frankfurt -1.01%. 

Asia: Japan -0.32% to 14923. Hong Kong +1.74% to 22830. China +0.30% to 2047. India closed. 

#TopWealthManager #RLPaler #WallStreet #AnalystsRatings #EarningReports  #FinancialPlanning #RIA 

Intel Reports Mixed Results

Intel Reports Mixed Results. Intel (INTC) reported that their Q4 net profit rose +6.4% to $2.63B and that the company’s revenue increased +2.6% to $13.83B topping forecast. But the company also report EPS of only $0.51 missing Wall Street estimates by a penny. Intel also said that it "saw the (PC) market stabilize in the back half" of 2013. Sales at the PC CPU division were flat and operating profit rose 20%. PC sales have been in a decline for some time as consumers switch to mobile devices like smartphones and tablets. Pre-market: 25.29 -1.25 (-4.71%)

Upgrades:

American Express (AXP): Buckingham raised their rating from Neutral to Buy and raised their target price from $90.00 to $104.00. Pre-market: 89.15 +1.37 (1.56%)

American Express (AXP): Susquehanna raised their rating from Neutral to Positive and raised their target price from $90.00 to $107.00. Pre-market: 89.15 +1.37 (1.56%)

IBM (IBM): CLSA raised their rating from Outperform to Buy and raised their target price from $215.00 to $225.00. Pre-market: 189.00 +0.24 (0.13%)

Downgrades:

Best Buy (BBY): UBS lowered their rating from Buy to Neutral and lowered their target price from $48.00 to $29.00. Pre-market: 27.10 +0.27 (1.01%)

Best Buy (BBY): Goldman Sachs lowered their rating from Buy to Neutral and lowered their target price from $45.00 to $28.00. Pre-market: 27.10 +0.27 (1.01%)

Coverage Initiated:

Activision Blizzard (ATVI): CRT Capital initiated coverage with a Buy rating and target price of $23.00. Pre-market: 17.41 +0.08 (0.46%)

Electronic Arts (EA): CRT Capital initiated coverage with a Buy rating and target price of $26.00. Pre-market: 22.80 +1.26 (5.85%)

LinkedIn (LNKD): Topeka initiated coverage with a Hold rating. Pre-market: 229.50 -1.06 (-0.46%)

Nike (NKE): Macquarie initiated coverage with a Neutral rating and target price of $80.00. Pre-market: 74.82 +0.03 (0.04%)

Take-Two Interactive (TTWO): CRT Capital initiated coverage with a Fair Value rating and target price of $19.00. Pre-market: 16.68 0.00 (0.00%)

Earning Reports:

American Express (AXP): Reported EPS of 1.21 missing estimates by -$0.04. Pre-market: 89.15 +1.37 (1.56%)

BNY Mellon (BK): Reported EPS of $0.54 in-line with estimates. Pre-market: 33.46 -0.46 (-1.36%)

Comerica (CMA): Reported EPS of $0.77 beating estimates by +$0.03. Pre-market: 47.67 +0.24 (0.51%)

General Electric (GE): Reported EPS of $0.53 in-line with estimates. Pre-market: 26.55 -0.65 (-2.39%)

Intel (INTC): Reported EPS of 0.51 missing estimates by -$0.01. Pre-market: 25.29 -1.25 (-4.71%)

Morgan Stanley (MS): Reported EPS of $0.50 beating estimates by +$0.08. Pre-market: 32.45 +0.45 (1.41%)

Sallie Mae (SLM): Reported EPS of 0.61 missing estimates by -$0.12.

Schlumberger (SLB): Reported EPS of $1.35 beating estimates by +$0.02. Pre-market: 89.80 +1.19 (1.34%)

SunTrust Bank (STI): Reported EPS of $0.77 beating estimates by +$0.08. Pre-market: 38.55 +0.54 (1.42%)

Markets: 
Futures at 8:32: Dow +0.08%. S&P +0.05%. Nasdaq -0.05%. Crude +0.79% to $94.70. Gold +0.30% to $1243.90. U.S. 10 Year +3/32 to 2.837%.

Europe: London -0.01%. Paris -0.04%. Frankfurt +0.08%. 

Asia: Japan -0.08% to 15734. Hong Kong +0.64% to 23133. China -0.93% to 2005. India -0.95% to 21063. 

#RLPaler #WallStreet #PreMarket #WealthManagement #EarningReports #AnalystsRatings #Nike

Government Wants BofA Fined Again.

Government Wants BofA Fined Again. The U.S. government is seeking to fine of Bank of America (BAC) again. This comes after a long list of resent fines, with the most recent for discrimination against black employees. The government is looking to fine the troubled bank the maximum $864 million that is allowed for their Countrywide loan program called. "Hustle." The program was designed to accelerate the creation and sale of loans to Fannie Mae (FNMA) and Freddie Mac (FMCC).

Upgrades:

Best Buy (BBY): UBS raised their rating from Neutral to Buy and raised their target price from $45.00 to $49.00. Pre-market: 43.15 +0.74 (1.74%)

ExxonMobil (XOM): Argus raised their rating from Hold to Buy and placed a target price of $104.00 on the company. Pre-market: 92.86 +0.13 (0.14%)

INVESCO Ltd. (IVZ): Wells Fargo raised their rating from Market Perform to Outperform and raised their target range from $33-$37 to $38-$42.

TD Ameritrade (AMTD): Raymond James raised their rating from Market Perform to Outperform and placed a target price of $33.00 on the company.

Downgrades:

Deutsche Telekom (DTEGY): Goldman Sachs lowered their rating from Neutral to Sell.

Tata Motors (TTM): Nomura lowered their rating from Buy to Neutral. Pre-market: 29.88 -0.89 (-2.89%)

Coverage Initiated:

Chico’s FAS (CHS): Goldman Sachs initiated coverage with a Neutral rating and target price of $17.00.

Express (EXPR): Goldman Sachs initiated coverage with a Buy rating and target price of $28.00.

Movado (MOV): KeyBanc initiated coverage with a Hold rating.

Twitter (TWTR): Sterne Agee initiated coverage with a Neutral rating. Pre-market: 40.84 -0.81 (-1.94%)

Markets: 
Futures at 8:20: Dow +0.10%. S&P +0.10%. Nasdaq +0.07%. Crude -0.22% to $94.37. Gold -0.12% to $1283.00. U.S. 10 Year +2/32 2.747%

Europe: London +0.29%. Paris +0.48%. Frankfurt +0.18%. 

Asia: Japan +1.30% to 14270. Hong Kong +1.43% to 23070. China +0.16% to 2109. India -0.85% to 20491. 

#RLPaler #WallStreet  #WealthManagement #EarningReports #AnalystsRatings #BankofAmerica #Discrimination #WorstBank

Morning Coffee Pre-Market Wall Street News

U.S. Stock Futures Lower Before Fed Announcement. U.S. stock futures are lower as Wall Street waits for the Fed to announce the results of the latest FOMC meeting. Economists are not expecting the Fed to raise interest rates, but Wall Street traders will be looking closely at the language contained in the announcement for signs that the Fed could end their stimulus program earlier than expected. This morning the U.S. 10 Year yield is higher at 2.827%.

Upgrades:

Garmin Ltd. (GRMN): Goldman Sachs raised their rating from Sell to Neutral and placed a target price of $39.00 on the company.

Herbalife (HLF): Argus raised their rating from Hold to Buy and placed a target price of $80.00 on the company. Pre-market: 66.00 +1.28 (1.98%)

NASDAQ OMX Group (NDAQ): Raymond James raised their rating from Outperform to Strong Buy and raised their target price from $36.00 to $38.00.

Royal Caribbean Cruises (RCL): Morgan Stanley raised their rating from Equal Weight to Overweight and raised their target price from $37.00 to $49.00. Pre-market: 38.38 +0.33 (0.87%)

Downgrades:

Agrium (AGU): HSBC lowered their rating from Overweight to Neutral.

Chesapeake Energy (CHK): Susquehanna lowered their rating from Positive to Neutral. Pre-market: 24.95 -0.31 (-1.23%)

Mosaic (MOS): HSBC lowered their rating from Neutral to Underweight. Pre-market: 41.46 -0.52 (-1.24%)

Potash Corp. of Saskatchewan (POT): HSBC lowered their rating from Overweight to Underweight. Pre-market: 29.60 -0.40 (-1.33%)

Tupperware Brands (TUP): BMO Capital lowered their rating from Outperform to Market Perform and placed a target price of $91.00 on the company.

Coverage Initiated:

Navistar Intl (NAV): Susquehanna initiated coverage with a Neutral rating and target price of $31.00.

PACCAR Inc (PCAR): Susquehanna initiated coverage with a Neutral rating and target price of $56.00.

SodaStream Intl (SODA): Longbow initiated coverage with a Buy rating and target price of $79.00. Pre-market: 65.00 +1.04 (1.63%)

Earning Reports:

American Eagle (AEO): Reported EPS of $0.09 missing estimates by -$0.01.

Barnes & Noble (BKS): Reported EPS of -$0.86 missing estimates by -$0.07. Pre-market: 14.65 +0.04 (0.27%)

Best Buy (BBY): Reported EPS of $0.32 beating estimates by +$0.21. Pre-market: 34.54 -0.26 (-0.75%)

Dick's Sporting Goods (DKS): Reported EPS of $0.71 missing estimates by -$0.03.

Home Depot (HD): Reported EPS of $1.24 beating estimates by +$0.03. Pre-market: 74.60 +0.31 (0.42%)

JC Penney (JCP): Reported EPS of $1.17 missing estimates by -$0.03.

J.M. Smucker (SJM): Reported EPS of $1.20 beating estimates by +$0.04.

Lowe’s (LOW): Reported EPS of $0.88 beating estimates by +$0.09.

Medtronic (MDT): Reported EPS of $0.88 in-line with estimates.

PetSmart (PETM): Reported EPS of $0.89 beating estimates by +$0.03.

Staples (SPLS): Reported EPS of $0.16 missing estimates by -$0.02.

Target (TGT): Reported EPS of $0.95 in-line with estimates.

TJX (TJX): Reported EPS of $0.66 beating estimates by +$0.03.

Toll Brothers (TOLL): Reported EPS of $0.26 beating estimates by +$0.01.

Trina Solar (TSL): Reported EPS of -$0.47 beating estimates by +$0.11.

Markets: 
Futures at 7:47: Dow -0.17%. S&P -0.18%. Nasdaq -0.19%. Crude -0.55% to $104.53. Gold -0.48% to $1366.10. U.S. 10 Year -3/32 2.827%.

Europe: London -0.50%. Paris 0.00%. Frankfurt -0.13%. 

Asia: Japan +0.21% to 13424. Hong Kong -0.69% to 21818. China +0.02% at 2073. India -1.86% to 17906. 

Morning Coffee Pre-Market Wall Street News

World Market Fall. U.S. stock futures along with Asian and European markets are all lower after a landslide of bad news. Wall Street traders are watching closely as Egypt falls into chaos, sending oil prices higher. China reported a tepid services PMI and both Greece and Portugal are back in the spotlight again bring back worries of the EU debt crisis.  

Upgrades:

AutoNation (AN): Credit Suisse raised their rating from Neutral to Outperform and raised their target price from $50.00 to $53.00.

Chipotle Mexican Grill (CMG): Argus raised their rating from Hold to Buy and placed a target price of $430.00 on the company. Pre-market: 375.60 +4.07 (1.10%)

Copart (CPRT): Barrington raised their rating from Market Perform to Outperform and raised their target price from $36.00 to $40.00.

Daimler AG (DDAIF): JPMorgan raised their rating from Neutral to Overweight.

Leap Wireless (LEAP): Macquarie raised their rating from Underperform to Neutral. Pre-market: 6.77 +0.08 (1.20%)

Downgrades:

Adidas (ADDYY): Deutsche Bank lowered their rating from Buy to Hold.

Alcoa (AA): JPMorgan lowered their rating from Overweight to Neutral and placed a target price of $9.00 on the company. Pre-market: 7.64 -0.16 (-2.05%)

Overstock.com (OSTK): BofA Merrill Lynch lowered their rating from Buy to Underperform and lowered their target price from $23.00 to $20.00. Pre-market: 28.60 -1.25 (-4.19%)

Coverage Initiated:

Best Buy (BBY): Goldman Sachs initiated coverage with a Buy rating and target price of $34.00. Pre-market: 28.76 +0.07 (0.24%)

Cintas (CTAS): RBC Capital initiated coverage with an Outperform rating and target price of $52.00.

Ecolab (ECL): RBC Capital initiated coverage with an Outperform rating and target price of $97.00.

Earning Reports:

Intl Speedway (ISCA): Reported EPS of $0.51 beating estimates by +$0.01. Pre-market: 32.66 +0.15 (0.46%)

Markets: 
Futures at 7:35: Dow -0.47%. S&P -0.37%. Nasdaq -0.35%. Crude +2.15% to $101.75. Gold +0.35% to $1247.70. U.S. 10 Year +3/32 2.467%

Europe: London -1.64%. Paris -1.65%. Frankfurt -1.70%. 

Asia, Japan -0.31% to 14056. Hong Kong -2.48% to 20147. China -0.61% to 1994. India -1.47% to 19195.