U.S. Banks Must Raise Capital

U.S. Banks Must Raise Capital. The eight largest banks in the U.S. have to hold an additional $68B in capital to absorb future losses. U.S. regulators voted to raise the "leverage ratio" to 5-6% of their total assets which is above Basel III standard of 3%. The banks affected include Bank of America (BAC), Bank of New York Mellon (BK), Citigroup (C),  Goldman Sachs (GS), JPMorgan Chase (JPM), Morgan Stanley (MS), State Street (ST), Wells Fargo (WFC). The banks will have until January 1, 2018 to comply.

Upgrades:

Alcoa (AA): Deutsche Bank raised their rating from Sell to Hold and placed a target price of $10.00 on the company. Pre-market: 13.01 +0.48 (3.83%)

Berkshire Hathaway (BRK.B): The ReasearchTeam raised their rating from Hold to Accumulate. Pre-market: 123.69 +0.56 (0.45%)

Nike (NKE): Stifel raised their rating from Hold to Buy and placed a target price of $87.00 on the company.

Downgrades:

Apache Corp. (APA): Deutsche Bank lowered their rating from Buy to Hold and placed a target price of $91.00 on the company. Pre-market: 84.70 -0.48 (-0.56%)

Arris Group (ARRS): The Street.com lowered their rating from Buy to Hold.

Credit Suisse (CS): JPMorgan lowered their rating from Neutral to Underweight. Pre-market: 32.27 -0.01 (-0.03%)

Cisco Systems (CSCO): Wunderlich lowered their rating from Buy to Hold and lowered their target price from $25.00 to $24.00.

The Hershey Comp. (HSY): Goldman Sachs lowered their rating from Neutral to Sell and placed a target price of $70.00 on the company. Pre-market: 99.37 -2.35 (-2.31%)

Royal Caribbean (RCL): Pareto lowered their rating from Buy to Hold.

Coverage Initiated:

Ball Corp. (BLL): Credit Suisse initiated coverage with a Neutral rating and target price of $59.00.

Cabela’s (CAB): Credit Suisse initiated coverage with a Neutral rating and target price of $71.00.

CBS Corp. (CBS): JPMorgan initiated coverage with an Overweight rating.

General Motors (GM): JPMorgan initiated coverage with an Underweight rating and target price of $33.00. Pre-market: 33.94 -0.59 (-1.71%)

International Paper (IP): Credit Suisse initiated coverage with an Outperform rating and target price of $67.00.

Intuitive Surgical (ISRG): Sterne Agee initiated coverage with an Underperform rating and target price of $440.00. Pre-market: 438.76 -51.08 (-10.43%)

Kellogg Comp. (K): Nomura initiated coverage with a Buy rating and target price of $70.00.

Earning Reports:

Alcoa (AA): Reported EPS of $0.09 beating estimates by +$0.04. Pre-market: 13.01 +0.48 (3.83%)

Constellation Brands (STZ): Reported EPS of $0.81 beating estimates by +$0.05. Pre-market: 84.75 +3.27 (4.01%)

Progressive (PGR): Reported EPS of $0.54 beating estimates by +$0.15. Pre-market: 24.86 +0.70 (2.90%)

WD-40 (WDFC): Reported EPS of $0.67 missing estimates by -$0.01.

Markets: 
Futures at 8:41: Dow +0.35%. S&P +0.27%. Nasdaq +0.43%. Crude +0.13% to $102.69. Gold -0.37% to $1304.00. U.S. 10 Year -6/32 to 2.705%.

Europe: London +0.8%. Paris +0.4%. Frankfurt +0.4%. 

Asia: Japan -2.1% to 14300. Hong Kong +1.1% to 22843. China +0.3% to 2105. India +1.6% to 22702. 

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Microsoft Paying Companies to Make Windows Phones

Microsoft Paying Companies to Make Windows Phones. Unconfirmed reports say that Microsoft (MSFT) will reportedly make $2.6B in "support" payments to Smartphone manufactures persuade them to make one Windows Phone each. Some may call it a bribe and others say it’s a sign that Microsoft has lost the mobile device wars. Samsung (SSNLF) will receive $1.2B, Sony (SNE) $500M, Huawei $600M and others will receive $300M. Pre-market: 36.69 -0.07 (-0.19%)

Upgrades:

AOL (AOL): CRT Capital raised their rating from Fair Value to Buy and placed a target price of $57.00 on the company. Pre-market: 48.25 +1.00 (2.11%)

Big Lots (BIG): Raymond James raised their rating from Underperform to Market Perform.

CSX Corp (CSX): Argus raised their rating from Hold to Buy and placed a target price of $35.00 on the company. Pre-market: 27.69 -1.54 (-5.27%)

Micron Tech (MU): JMP Securities raised their rating from Market Perform to Outperform and placed a target price of $31.00 on the company. Pre-market: 23.45 +0.12 (0.51%)

Downgrades:

CSX Corp (CSX): Stifel lowered their rating from Buy to Hold. Pre-market: 27.69 -1.54 (-5.27%)

Diageo PLC (DEO): JPMorgan lowered their rating from Overweight to Neutral. Pre-market: 129.23 -1.45 (-1.11%)

Dollar General (DG): ResearchTeam lowered their rating from Hold to Reduce.

EMC Corp (EMC): Monness Crespi lowered their rating from Buy to Neutral. Pre-market: 26.18 -0.11 (-0.42%)

Family Dollar (FDO): Raymond James lowered their rating from Market Perform to Underperform.

Kroger (KR): Credit Suisse lowered their rating from Outperform to Neutral and lowered their target price from $48.00 to $39.00.

Norfolk Southern (NSC): Stifel lowered their rating from Buy to Hold. Pre-market: 89.35 -1.81 (-1.99%)

Coverage Initiated:

Buffalo Wild Wings (BWLD): CLSA initiated coverage with an Outperform rating.

Twitter (TWTR): Telsey Advisory initiated coverage with a Not Rated rating and a target price of $70.00. Pre-market: 61.20 -0.37 (-0.60%)

Earning Reports:

BB&T Corp (BBT): Reported EPS of $0.75 beating estimates by +$0.03.

BlackRock (BLK): Reported EPS of $4.92 beating estimates by +$0.59. Pre-market: 324.26 +11.51 (3.68%)

Citigroup (C): Reported EPS of $0.82 missing estimates by -$0.16. Pre-market: 53.25 -1.74 (-3.16%)

Goldman Sachs (GS): Reported EPS of $4.60 beating estimates by +$0.42. Pre-market: 179.00 +0.25 (0.14%)

Huntington Banc (HBAN): Reported EPS of $0.18 beating estimates by +$0.01. Pre-market: 9.74 -0.16 (-1.62%)

PNC (PNC): Reported EPS of $1.85 beating estimates by +$0.22. Pre-market: 80.69 +1.85 (2.35%)

PPG Industries (PPG): Reported EPS of $1.81 beating estimates by +$0.08. Pre-market: 192.00 +1.30 (0.68%)

UnitedHealth (UNH): Reported EPS of $1.41 beating estimates by +$0.01. Pre-market: 73.00 -1.84 (-2.46%)

Markets: 
Futures at 8:00: Dow -0.10%. S&P -0.18%. Nasdaq -0.03%. Crude +0.28% to $94.42. Gold -0.09% to $1234.40. U.S. 10 Year +7/32 to 2.871%.

Europe: London +0.06%. Paris -0.19%. Frankfurt -0.22%. 

Asia: Japan -0.39% to 15747.2. Hong Kong +0.37% to 22986. China +0.02% at 2024. India -0.11% to 21265. 

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

Google Buys Boston Dynamics. Google (GOOG) has purchased Boston Dynamics, a manufacture of robots and software for the U.S. military and DARPA. Boston Dynamics is best known for their four legged robots on You Tube where Big Dog and Cheetah resemble something straight from a space sci-fi movie. Cheetah can run at speeds over 29 mph. Atlas is a humanoid robot able to traverse difficult terrain and designed to go where humans cannot. Pre-market: 1,063.80 +3.01 (0.28%)

Upgrades:

Blackberry (BBRY): Bernstein raised their rating from Underperform to Market Perform and placed a target price of $5.50 on the company. Pre-market: 6.18 +0.10 (1.64%)

Charles Schwab (SCHW): Evercore raised their rating from Underweight to Equal Weight.

Citigroup (C): Evercore raised their rating from Equal Weight to Overweight. Pre-market: 51.48 +0.51 (1.00%)

Exxon Mobil (XOM): Goldman Sachs raised their rating from Neutral to Buy and raised their target price from $96.00 to $109.00. Pre-market: 96.35 +1.04 (1.09%)

Fifth Third Bank (FITB): Evercore raised their rating from Equal Weight to Overweight.

Monster Beverage (MNST): RBC Capital raised their rating from Outperform to Top Pick and placed a target price of $77.00 on the company. Pre-market: 62.67 +1.21 (1.97%)

St Jude Medical (STJ): BMO Capital raised their rating from Market Perform to Outperform and raised their target price from $59.00 to $66.00.

Taser International (TASR): JPMorgan raised their rating from Neutral to Overweight and raised their target price from $17.00 to $18.50. Pre-market: 16.05 +0.53 (3.41%)

Tiffany & Co. (TIF): Canaccord raised their rating from Sell to Hold and raised their target price from $65.00 to $85.00. Pre-market: 90.20 +0.89 (1.00%)

Verizon Communications (VZ): Maquarie raised their rating from Neutral to Outperform. Pre-market: 48.25 +0.41 (0.86%)

Downgrades:

PNC Financial (PNC): Evercore lowered their rating from Overweight to Equal Weight. Pre-market: 75.22 -0.16 (-0.21%)

Starbucks (SBUX): Stephens lowered their rating from Overweight to Equal Weight and lowered their target price from $95.00 to $85.00. Pre-market: 76.18 -0.17 (-0.22%)

Twitter (TWTR): SunTrust lowered their rating from Buy to Neutral and maintained their target price of $50.00. Pre-market: 57.95 -1.05 (-1.78%)

Twitter (TWTR): Wells Fargo lowered their rating from Market Perform to Underperform and maintained their target range of $36.00-$39.00. Pre-market: 57.95 -1.05 (-1.78%)

Coverage Initiated:

Cintas (CTAS): Credit Suisse initiated coverage with a Neutral rating and target price of $56.00.

Markets: 
Futures at 6:20: Dow +0.4%. S&P +0.4%. Nasdaq +0.5%. Crude +0.5% to $97.11. Gold -0.5% to $1228.50. U.S. 10 Year -3/32 2.856%.

Europe: London +0.5%. Paris +0.8%. Frankfurt +1.4%. 

Asia: Japan -1.6% to 15153. Hong Kong -0.6% to 23115. China -1.6% to 2161. India -0.3% to 20660. 

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

AstraZeneca Eyes Bid on Forest Labs

AstraZeneca  Eyes Bid on Forest Labs. 

Reports say that AstraZeneca (AZN) has met with Forest Labs (FRX) top executives concerning a takeover bid for the company. Forest Labs has a market cap of $15.2B and on Monday announced a restructuring on Monday.

Upgrades:

Electronic Arts (EA): Hilliard Lyons raised their rating from Underperform to Neutral. Pre-market: 21.57 +0.03 (0.14%)

US Bancorp (USB): Goldman Sachs raised their rating from Neutral to Conviction Buy and raised their target price from $40.00 to $44.00.

Downgrades:

AT&T (T): JPMorgan lowered their rating from Overweight to Neutral and placed a target price of $38.00 on the company.

Citigroup (C): Goldman Sachs lowered their rating from Conviction Buy to Neutral and raised their target price from $58.00 to $60.00.

eBay (EBAY): Evercore lowered their rating from Overweight to Equal Weight and placed a target price of $58.00 on the company.

Coverage Initiated:

Cablevision Systems (CVC): Northland Securities initiated coverage with a Market Perform rating and target price of $19.00.

Charter Communications (CHTR): Northland Securities initiated coverage with a Market Perform rating and target price of $146.00.

Comcast (CMCSA): Northland Securities initiated coverage with an Outperform rating and target price of $61.00.

Dish Network (DISH): Northland Securities initiated coverage with a Market Perform rating and target price of $61.00.

DIRECTV (DTV): Northland Securities initiated coverage with an Outperform rating and target price of $84.00.

McDonalds (MCD): Buckingham initiated coverage with a Neutral rating and target price of $99.00.

Mosaic (MOS): RBC Capital initiated coverage with an Outperform rating and target price of $57.00.

Time Warner Cable (TWC): Northland Securities initiated coverage with an Outperform rating and target price of $165.00.

Whirlpool (WHR): MKM Partners initiated coverage with a Buy rating and Target price of $183.00.

Earning Reports:

Bob Evans (BOBE): Reported EPS of $0.35 missing estimates by -$0.20. Pre-market: 51.99 -3.11 (-5.64%)

Brown-Forman (BF.B): Reported EPS of $0.96 beating estimates by +$0.05.

Express (EXPR): Reported EPS of $0.23 missing estimates by -$0.02. Pre-market: 20.06 -4.61 (-18.69%)

OmniVision (OVTI): Reported EPS of $0.60 beating estimates by +$0.17. Pre-market: 14.22 -1.77 (-11.07%)

Markets: 
Futures at 8:47: Dow -0.17%. S&P -0.19%. Nasdaq -0.09%. Crude +1.04% to $97.03. Gold +0.20% to $1223.50. U.S. 10 Year -15/32 2.841%.

Europe: London -0.59%. Paris -0.99%. Frankfurt -1.19%. 

Asia: Japan -2.17% to 15408. Hong Kong -0.76% to 23729. China +1.31% to 2252. India -0.70% to 20709. 

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