World Markets Up on China, the Fed and U.S. Budget Deal

World Markets Up on China, the Fed and U.S. Budget Deal. World markets are higher this morning boosted by better than expected trade data from China.  China's exports rose +10.6% in January well beyond economists estimates of only a +2% increase. Fed Chairman Jenet Yellen in testimony yesterday said that the Fed would continue with its easy money policy easing fears that the Fed would start tightening amid recent poor economic reports. Additionally, the Republican led House has agreed to suspend the U.S. debt ceiling borrowing authority until March 16, 2015.  

Upgrades:

AB InBev (BUD): Goldman Sachs raised their rating from Sell to Buy.

Downgrades:

Amazon.com (AMZN): UBS lowered their rating from Buy to Neutral and lowered their target price from $450.00 to $375.00.

American Railcar (ARII): Longbow lowered their rating from Buy to Neutral.

Dean Foods (DF): Stifel lowered their rating from Buy to Hold.

Green Mountain Coffee (GMCR): Longbow lowered their rating from Buy to Neutral.

Intuit (INTU): Evercore lowered their rating from Equal Weight to Underweight and lowered their target price from $72.00 to $62.00.

Coverage Initiated:

Allstate (ALL): Citigroup initiated coverage with a Neutral rating and target price of $53.00.

Chubb (CB): Citigroup initiated coverage with a Sell rating and target price of $76.00.

Progressive (PGR): Citigroup initiated coverage with a Neutral rating and target price of $24.00.

Traveler’s (TRV): Citigroup initiated coverage with a Sell rating and target price of $71.00.

Earning Reports:

Deere (DE): Reported EPS of $1.81 beating estimates by +0.28.

Dr Pepper Snapple (DPS): Reported EPS of $0.97 beating estimates by +0.13.

Owens Corning (OC): Reported EPS of $0.44 beating estimates by +0.16.

Vonage (VG): Reported EPS of $0.05 beating estimates by +0.01.

Markets: 
Futures at 6:20: Dow +0.2%. S&P +0.2%. Nasdaq +0.3%. Crude +0.6% to $100.53. Gold -0.2% to $1287. U.S. 10 Year +2/32 to 2.75%

Europe: London +0.2%. Paris +0.5%. Frankfurt +0.9%. 

Asia: Japan +0.6% to 14800. Hong Kong +1.5% to 22286. China +0.3% to 2110. India +0.4% to 20448. 

#RLPaler #TopWealthManager #AnalystsRatings #EarningReports #WallStreet #WealthManagement #PreMarket #FinancialPlanner        

King Obama Uses His Pen

King Obama Uses His Pen. During the State of the Union speech President Obama said that “We’re not just going to be waiting for legislation, or plans, or any logical idea of what will actually result in order to make sure that we’re providing Americans the kind of help I’ve decided they need,” He went on to say “I’ve got a pen, I’ve got paper, scotch tape, a fax machine, a copier, a phone, and a whole box of those binder clips.”  Working around Congress the President used his pen and changed his Obamacare law once again. The latest law change will delay the part of Obamacare, saying that businesses with 50-99 full-time workers won't have to provide health insurance to their workers until 2016. Which analysts say is a political move designed to put off the requirement until after the election. Larger companies will have to cover at least 70% of employees by 2015 and 95% buy 2016. The original law states that companies had to offer health coverage this year.

Upgrades:

Allscripts (MDRX): Maxim raised their rating from Hold to Buy and placed a target price of $20.00 on the company.

Eastman Chemical (EMN): ResearchTeam lowered their rating from Reduce to Hold.

Ralph Lauren (RL): Atlantic Equities raised their rating from Neutral to Overweight and placed a target price of $187.00 on the company.

Tata Motors (TTM): Nomura raised their rating from Neutral to Buy. Pre-market: 30.14 -0.48 (-1.57%)

Downgrades:

CVS Caremark (CVS): ResearchTeam lowered their rating from Hold to Reduce. Pre-market: 68.29 +1.35 (2.02%)

KB Homes (KBH): Raymond James lowered their rating from Market Perform to Underperform. Pre-market: 18.57 -0.31 (-1.64%)

Lennar (LEN): Raymond James lowered their rating from Outperform to Strong Buy and placed a target price of $46.00 on the company. Pre-market: 40.64 -0.25 (-0.61%)

United States Steel (X): Citigroup lowered their rating from Neutral to Sell and lowered their target price from $28.00 to $23.00.

Coverage Initiated:

AT&T (T): Drexel Hamilton initiated coverage with a Buy rating and target price of $40.00. Pre-market: 32.60 +0.16 (0.49%)

Thermo Fisher (TMO): JPMorgan initiated coverage with an Overweight rating and target price of $135.00.

Earning Reports:

CVS Caremark (CVS): Reported EPS of $1.12 beating estimates by +$0.01. Pre-market: 68.29 +1.35 (2.02%)

Dean Foods (DF): Reported EPS of $0.18 missing estimates by -$0.01. Pre-market: 13.40 -1.80 (-11.84%)

Health Net (HNT): Reported EPS of $0.24 missing estimates by -$0.04. Pre-market: 33.50 +0.75 (2.29%)

Marsh McLennan (MMC): Reported EPS of $0.54 missing estimates by -$0.02.

Mosaic (MOS): Reported EPS of $0.36 missing estimates by -$0.06. Pre-market: 47.35 +0.53 (1.13%)

Reynolds American (RAI): Reported EPS of $0.77 missing estimates by -$0.04. Pre-market: 48.50 -0.31 (-0.64%)

Sprint (S): Reported EPS of -$0.26 beating estimates by +$0.07. Pre-market: 8.25 +0.56 (7.28%)

Markets: 
Futures at 8:17: Dow +0.40%. S&P +0.36%. Nasdaq +0.43%. Crude +0.14% to $100.20. Gold +0.93% to $1286.50. U.S. 10 Year -8/32 to 2.70%.

Europe: London +0.83%. Paris +0.63%. Frankfurt +1.48%. 

Asia: Japan closed. Hong Kong +1.78% to 21963. China +0.84% to 2104. India +0.14% to 20363. 

#TopWealthManager #RLPaler #PreMarket #WallStreet #EarningReports #AnalystsRatings

Macy’s Beats Wall Street’s Estimates.

Macy’s Beats Wall Street’s Estimates. Shares retailer Macy's (M) are higher in the pre-market after the company posted Q3 profits that beat Wall Street expectations and made positive comments about the upcoming holiday shopping season. The company reported EPS $0.47, up 31% from a year ago. Analysts' consensus estimate was only $0.39. Macy's has posted 15 straight quarters of improved earnings. Revenue came in at $6.28 billion, up 3.3% also beating estimates. Sales were up 3.5%.

Upgrades:

Qualcomm (QCOM): Goldman Sachs raised their rating from Buy to Conviction Buy and raised their target price of $80.00.

Transocean (RIG): Guggenheim raised their rating from Neutral to Buy and placed a target price of $70.00 on the company.

United States Steel (X): Morgan Stanley raised their rating from Equal Weight to Overweight and raised their target price from $32.00 to $35.00.

Union Pacific (UNP): ResearchTeam raised their rating from Reduce to Hold.

Downgrades:

Agrium (AGU): BGC Financial lowered their rating from Buy to Hold.

Cadence Design Systems (CDNS): ResearchTeam lowered their rating from Hold to Reduce.

ConocoPhillips (COP): ResearchTeam lowered their rating from Accumulate to Hold.

Dean Foods (DF): Credit Suisse lowered their rating from Outperform to Neutral and lowered their target price from $24.00 to $19.00.

Mosaic (MOS): ResearchTeam lowered their rating from Hold to Reduce.

Nucor (NUE): Morgan Stanley lowered their rating from Overweight to Equal Weight and lowered their target price from $58.00 to $56.00.

Coverage Initiated:

Humana (HUM): FBR Capital initiated coverage with a Market Perform rating and target price of $92.00.

J.M. Sucker (SJM): Credit Suisse initiated coverage with a Neutral rating and target price of $115.00.

MGM Resorts (MGM): FBR Capital initiated coverage with an Outperform rating and target price of $25.00.

Las Vegas Sands (LVS): FBR Capital initiated coverage with an Outperform rating and target price of $80.00.

UnitedHealth (UNH): FBR Capital initiated coverage with an Outperform rating and target price of $77.00.

Wellpoint (WLP): FBR Capital initiated coverage with a Market Perform rating and target price of $93.00.

Wynn Resorts (WYNN): FBR Capital initiated coverage with a Market Perform rating and target price of $175.00.

Earning Reports:

Macy's (M): Reported EPS of $0.47 beating estimates by +$0.08.

MBIA (MBI): Reported EPS of $0.67 beating estimates by +$0.41.

Pinnacle Foods (PF): Reported EPS of $0.36 beating estimates by +$0.01.

Potbelly (PBPB): Reported EPS of $0.15 beating estimates by +$0.09.

Woodward (WWD): Reported EPS of $0.76 beating estimates by +$0.06.

Markets:
Futures at 6:20: Dow -0.2%. S&P -0.2%. Nasdaq -0.3%. Crude +0.3% to $93.33. Gold +0.35% to $1275.00. U.S. 10 Year +11/32 2.736%.

Europe: London -1%. Paris -0.5%. Frankfurt -0.3%. 

Asia: Japan -0.15% to 14567. Hong Kong -1.9% to 22463. China -1.8% to 2087. India -0.4% to 20194. 

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

Morning Coffee Pre-Market Wall Street News

Microsoft to Buy Nokia. Reports say that Microsoft (MSFT) has agreed to purchase Nokia’s (NOK) handset unit for $5B and license its patents and mapping services for $2.2B. Nokia’s CEO Stephen Elop as well as other senior Nokia executives will be joining Microsoft, along with the company’s 32,000 workers. (MSFT) Pre-market: 31.84 -1.56 (-4.67%)  (NOK)  Pre-market: 5.54 +1.64 (42.05%)

Upgrades:

AT&T (T): Macquarie raised their rating from Underperform to Neutral. Pre-market: 34.05 +0.22 (0.65%)

Constellation Brands (STZ): Goldman Sachs raised their rating from Neutral to Buy and raised their target price for $59.00 to $65.00.

Finish Line (FINL): Janney Capital raised their rating from Neutral to Buy and raised their target price for $24.00 to $26.00.

NASDAX OMX (NDAQ): BMO Capital raised their rating from Market Perform to Outperform.

Nokia (NOK): Credit Suisse raised their rating from Underperform to Neutral. Pre-market: 5.54 +1.64 (42.05%)

Nokia (NOK): Oppenheimer raised their rating from Underperform to Perform. Pre-market: 5.54 +1.64 (42.05%)

Nokia (NOK): Bernstein raised their rating from Underperform to Market Perform. Pre-market: 5.54 +1.64 (42.05%)

Nokia (NOK): Deutsche Bank raised their rating from Sell to Hold.

Ryder Systems (R): Buckingham raised their rating from Neutral to Buy and maintained their target price of $68.00.

Verizon (VZ): RBC Capital raised their rating from Sector Perform to Outperform. Pre-market: 45.48 -1.90 (-4.33%)

Vodafone (VOD): Bernstein raised their rating from Underperform to Market Perform. Pre-market: 31.79 -0.56 (-1.73%)

Downgrades:

Apple (APPL): ABG Sundal lowered their rating from Hold to Sell and maintained their target price of $400.00. Pre-market: 492.00 +4.78 (0.98%)

Coca-Cola (KO): CLSA lowered their rating from Outperform to Underperform. Pre-market: 38.40 +0.22 (0.58%)

Dean Foods (DF): Goldman Sachs lowered their rating from Buy to Neutral and lowered their target price from $23.00 to $21.00.

Shaw Communications (SJR): BMO Capital lowered their rating from Outperform to Market Perform and lowered their target price from $27.00 to $26.00.

Coverage Initiated:

ING Groep NV (ING): UBS initiated coverage with a Buy rating and target price of $12.75. Pre-market: 11.01 +0.14 (1.29%)

Markets: 
Futures at 6:30: Dow +0.71%. S&P +0.82%. Nasdaq +0.66%. Crude -0.29% to $107.37. Gold -0.25% to $1392.80. U.S. 10 Year -15/32 2.846%.

Europe: London -0.14%. Paris -0.19%. Frankfurt -0.23%. 

Asia: Japan +2.99% to 13978. Hong Kong +0.99% to 22395. China +1.18% to 2123. India -3.45% to 18235.