IMF Worries About Emerging Markets Economic Growth

IMF Worries About Emerging Markets Economic Growth. The International Monetary Fund has lowered their world economic outlook mostly due to slower projected growth in Brazil and Russia. The IMF now projects that world economic activity will grow by 3.6% in 2014 and 3.7% in 2015. The U.S. economy is expected to grow at a modest 2.8% in 2014 and 3% in 2015.

Upgrades:

Eli Lilly (LLY): BMO Capital raised their rating from Underperform to Market Perform and placed a target price of $62.00 on the company. Pre-market: 57.99 -0.63 (-1.07%)

Google (GOOGL): S&P raised their rating from 3 Stars to 4 Stars. Pre-market: 545.04 +4.41 (0.82%)

Nike (NKE): Stifel Nicolaus raised their rating from Hold to Buy and placed a target price of $87.00 on the company. Pre-market: 72.24 +1.41 (1.99%)

Downgrades:

American Eagle Outfitters (AEO): Janney Capital lowered their rating from Buy to Neutral and placed a target price of $10.00 on the company. Pre-market: 11.60 -0.08 (-0.68%)

Canadian Imperial Bank (CM): First Call lowered their rating from Buy to Hold.

Cisco Systems (CSCO): Wunderlich lowered their rating from Buy to Hold and lowered their target price from $25.00 to $24.00. Pre-market: 22.75 -0.10 (-0.44%)

Dr Pepper Snapple (DPS): Wells Fargo lowered their rating from Market Perform to Underperform.

Royal Caribbean (RCL): Pareto lowered their rating from Buy to Hold. Pre-market: 52.73 -0.03 (-0.06%)

Coverage Initiated:

Pinnacle Foods (PF): Deutsche Bank initiated coverage with a Buy and placed a target price of $32.00 on the company.

Earning Reports:

Intl Speedway (ISCA): Reported EPS of $0.33 missing estimates by -$0.01.

Markets: 
Futures at 8:38: Dow +0.03%. S&P +0.05%. Nasdaq +0.23%. Crude +0.85% to $101.33. Gold +1.18% to $1313.80. US 10 Year -2/32 to 2.712%

Europe: London -0.85%. Paris -0.71%. Frankfurt -0.66%. 

Asia: Japan -1.36% to 14607. Hong Kong +0.98% to 22597. China +1.92% to 2098. India closed. 

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Google Shares Split

Google Shares Split. 

Google will split their shares today with investors will receive one class-C share for each class-A and class-B shares they own. The split will allow founders Larry Page and Sergey Brin to maintain control of the company through their class B shares they currently hold. The class-C shares will have no voting rights. Both class-A and class-C share will be included in the S&P 500 index. The class- A shares will trade under the ticker (GOOGL) and the class-C shares will trade under (GOOG) ticker. Both classes of shares are expected to trade with little spread to each other. As part of a settlement with investors the company agreed to reimburse holders of the class C shares should they fail to trade in line with the existing A shares.

Upgrades:

Eli Lilly (LLY): Cowen & Company raised their rating from Market Perform to Outperform and placed a target price of $68.00 on the company.

Monsanto (MON): JPMorgan raised their rating from Neutral to Overweight and placed a target price of $125.00 on the company. Pre-market: 116.00 +1.58 (1.38%)

Downgrades:

BB&T Corp (BBT): Raymond James lowered their rating from Strong Buy to Outperform and placed a target price of $44.00 on the company.

CSX (CSX): Barclays lowered their rating from Overweight to Equal Weight and placed a target price of $30.00 on the company. Pre-market: 28.92 -0.30 (-1.03%)

Deutsche Bank (DB): Morgan Stanley lowered their rating from Overweight to Neutral. Pre-market: 45.13 -0.90 (-1.96%)

Royal Caribbean (RCL): Swedbank lowered their rating from Buy to Neutral. Pre-market: 56.14 -0.43 (-0.76%)

Coverage Initiated:

Altera Corp (ALTR): Piper Jaffrey initiated coverage with an Overweight rating and target price of $41.00.

Altera Corp (ALTR): FBR Capital initiated coverage with an Outperform rating.

BP p.l.c (BP): BMO Capital initiated coverage with a Market Perform rating. Pre-market: 48.33 -0.11 (-0.23%)

ConAgra (CAG): Morgan Stanley initiated coverage with an Equal Weight rating and target price of $30.00.

ConocoPhillips (COP): BMO Capital initiated coverage with a Market Perform and target price of $70.00.

Chevron (CVX): BMO Capital initiated coverage with a Market Perform and target price of $125.00.

Total (TOT): BMO Capital initiated coverage with an Outperform. Pre-market: 65.86 +0.06 (0.09%)

W.P. Carey (WPC): Capital One initiated coverage with an Equal Weight and target price of $64.00.

Earning Reports:

Greenbrier Comp (GBX): Reported EPS of $0.51 missing estimates by -$0.10. Pre-market: 45.74 -1.97 

Perry Ellis (PERY): Reported EPS of $0.06 beating estimates by +$0.03. Pre-market: 14.55 +0.30 (2.11%)

Markets: 
Futures at 8:36: Dow +0.05%. S&P 0.00%. Nasdaq -0.01%. Crude -0.12% to $99.48. Gold -0.60% to $1283.10. U.S. 10 Year -1/32 to 2.800%

Europe: London +0.10%. Paris +0.23%. Frankfurt +0.17%. 

Asia: Japan +0.84% to 15072. Hong Kong +0.18% to 22565. China -0.74% to 2044. India -0.19% to 22509. 

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Google Reports Mixed Results. Internet giant Google (GOOG) reported that their Q4 net profit climbed +17% to $3.38B and revenue grew +17% to $16.86B. Both numbers topped Wall Street’s estimates. EPS at the company came in at only $12.01 missing expectations. Google's paid click growth continued to accelerate in Q4 and was boosted by mobile searches and product listing ads. The company also announced a stock split that is scheduled to take place on April 2.  The split will create a new none voting “C” class of shares which will trade under a new symbol GOOGL. Shareholders as of March 27 will receive one share of “C” class shares for each share of voting Class A stock owned. Pre-market: 1,183.00 +47.61 (4.19%)

Upgrades:

Baker Hughes (BHI): Argus raised their rating from Hold to Buy.

Cracker Barrel (CRBL): Miller Tabak raised their rating from Hold to Buy and placed a target price of $114.00 on the company. Pre-market: 98.25 +0.47 (0.48%)

Hillshire Brands (HSH): Wells Fargo raised their rating from Underperform to Market Perform and raised their target range from $28.00-$30.00 to $33.00-$34.00.

Raytheon (RTN): Sterne Agee raised their rating from Neutral to Buy and placed a target price of $114.00 on the company. Pre-market: 91.89 0.00 (0.00%)

Raytheon (RTN): Drexel Hamilton raised their rating from Hold to Buy. Pre-market: 91.89 0.00 (0.00%)

Wal-Mart (WMT): Credit Suisse raised their rating from Neutral to Outperform.

Downgrades:

Constellation Brands (STZ): HSBC lowered their rating from Neutral to Underweight. Pre-market: 76.50 -1.09 (-1.40%)

Earning Reports:

AbbVie (ABBV): Reported EPS of $0.82 in-line with estimates. Pre-market: 49.85 +1.54 (3.19%)

Amazon.com (AMNZ): Reported EPS of $0.51 missing estimates by -$0.18. Pre-market: 368.20 -34.81 (-8.64%)

Broadcom (BRCM): Reported EPS of $0.60 beating estimates by +$0.03. Pre-market: 29.25 +0.04 (0.14%)

Chevron (CVX): Reported EPS of $2.57 missing estimates by -$0.01. Pre-market: 114.83 -1.62 (-1.39%)

Eastman Chemical (EMN): Reported EPS of $1.35 beating estimates by +$0.10. Pre-market: 76.55 +0.58 (0.76%)

Google (GOOG): Reported EPS of $12.01 missing estimates by -$0.28. Pre-market: 1,183.00 +47.61 (4.19%)

MasterCard (MA): Reported EPS of $0.57 missing estimates by -$0.03. Pre-market: 76.52 -3.24 (-4.06%)

Mattel (MAT): Reported EPS of $1.07 missing estimates by -$0.13. Pre-market: 76.57 -3.19 (-4.00%)

National Oilwell Varco (NOV): Reported EPS of $1.56 beating estimates by +$0.17. Pre-market: 75.10 +1.45 (1.97%)

Weyerhaeuser (WY): Reported EPS of $0.27 missing estimates by +$0.01. Pre-market: 29.23 -1.54 (-5.00%)

Wynn Resorts (WYNN): Reported EPS of $2.27 beating estimates by +$0.54. Pre-market: 206.99 +5.48 (2.72%)

Markets: 
Futures at 8:19: Dow -1.07%. S&P -0.94%. Nasdaq -0.45%. Crude -1.06% to $97.18. Gold +0.52% to $1248.60. U.S. 10 Year +9/32 to 2.662%.

Europe: London -1.63%. Paris -1.67%. Frankfurt -1.84%. 

Asia: Japan -0.62% to 14915. Hong Kong -0.48% to 22035. China +0.56% to 2050. India +0.08% to 20514. 

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Google to Sell Motorola

Google to Sell Motorola. After buying cell phone manufacturer Motorola two years ago Google (GOOG) is selling it. Lenovo will purchase the smartphone maker for $2.91 billion. In the agreement Google will keep the "vast majority" of Motorola's IP. The sale will also remove a point of contention between other companies that build smatphones using Google’s Android operating system.  (GOOG): Pre-market: 1,135.00 +28.08 (2.54%)

Upgrades:

Baker Hughes (BHI): Argus raised their rating from Hold to Buy and placed a target price of $68.00 on the company. Pre-market: 56.18 +0.37 (0.66%)

Union Pacific (UNP): Atlantic Equities raised their rating from Neutral to Overweight. Pre-market: 173.50 +1.55 (0.90%)

United States Steel (X): Macquarie raised their rating from Neutral to Outperform. Pre-market: 26.00 +0.35 (1.36%)

Downgrades:

ADT (ADT): Oppenheimer lowered their rating from Outperform to Perform. Pre-market: 32.63 -5.18 (-13.70%)

Hess Corp (HES): ISI Group lowered their rating from Buy to Neutral.

Southern Co. (SO): Citigroup lowered their rating from Buy to Neutral and lowered their target price from $45.00 to $43.00. Pre-market: 40.25 -0.64 (-1.57%)

Coverage Initiated:

Clorox (CLX): BTIG initiated coverage with a Buy rating and target price of $100.00. Pre-market: 87.76 +0.68 (0.78%)

Colgate-Palmolive (CL): BTIG initiated coverage with a Buy rating and target price of $72.00. Pre-market: 63.97 +2.38 (3.86%)

DreamWorks Animation (DWA): B. Riley initiated coverage with a Neutral rating and target price of $33.50.

Kimberly-Clark (KMB): BTIG initiated coverage with a Neutral rating and target price of $107.00.

Molson Coors Brewing Co. (TAP): BTIG initiated coverage with a Buy rating and target price of $62.00.

Procter & Gamble (PG): BTIG initiated coverage with a Buy rating and target price of $89.00. Pre-market: 78.05 +0.41 (0.53%)

Earning Reports:

3M (MMM): Reported EPS of $1.62 in-line with estimates. Pre-market: 129.50 -0.75 (-0.58%)

Ball Corp (BLL): Reported EPS of $0.86 beating estimates by +$0.14. Pre-market: 49.85 +0.78 (1.59%)

Cardinal Health (CAH): Reported EPS of $0.90 beating estimates by +$0.06. Pre-market: 69.50 +3.05 (4.59%)

Celgene (CELG): Reported EPS of $1.51missing estimates by -$0.03. Pre-market: 158.59 +0.13 (0.08%)

ConocoPhillips (COP): Reported EPS of $1.40 beating estimates by +$0.07. Pre-market: 66.07 +0.25 (0.38%)

ExxonMobil (XOM): Reported EPS of $1.91missing estimates by -$0.01. Pre-market: 93.70 -1.41 (-1.48%)

Facebook (FB): Reported EPS of $0.31 beating estimates by +$0.04. Pre-market: 63.56 +10.03 (18.74%)

Harley-Davidson (HOG): Reported EPS of $0.34 in-line with estimates.

Hershey Foods (HSY): Reported EPS of $0.86 in-line with estimates.

Potash (POT): Reported EPS of $0.31missing estimates by -$0.02. Pre-market: 30.75 -1.08 (-3.39%)

Qualcomm (QCOM): Reported EPS of 1.26 beating estimates by +$0.08. Pre-market: 72.25 +1.13 (1.59%)

Tenneco (TEN): Reported EPS of $0.96 beating estimates by +$0.12.

Under Armour (UA): Reported EPS of $0.59 beating estimates by +$0.06. Pre-market: 94.88 +9.66 (11.34%)

Viacom (VIAB): Reported EPS of $1.20 beating estimates by +$0.04. Pre-market: 81.00 +0.03 (0.04%)

Visa (V): Reported EPS of $2.20 beating estimates by +$0.04. Pre-market: 223.92 +6.80 (3.13%)

Markets: 
Futures at 8:10: Dow +0.32%. S&P +0.30%. Nasdaq +0.48%. Crude +0.47% to $97.82. Gold -0.63% to $1254.50. U.S. 10 Year +7/32 to 2.709%.

Europe: London -0.36%. Paris -0.39%. Frankfurt -0.39%. 

Asia: Japan -2.45% to 15007. Hong Kong -0.48% to 22035. China +0.56% to 2050. India -0.72% to 20498. 

#RLPaler #WealthManagement #EarningReports #AnalystsRatings #TopWealthManager #PreMarket

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. 

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