Xbox One Enjoys Strong Sales.

Xbox One Enjoys Strong Sales. The release of Microsoft’s highly anticipated Xbox One on Friday enjoyed strong sales. Microsoft sold over 1 million Xbox One gaming systems within the first 24 hours. A week ago Sony (SNE) released their new PS4 gaming system to similar fanfare. Analysts estimate that each company will sell over 3 million units by the end of the year. MSFT Pre-market: 37.75 +0.18 (0.48%) SNE Pre-market: 18.46 +0.16 (0.87%)

Upgrades:

Alcoa (AA): Goldman Sachs raised their rating from Neutral to Buy and raised their target price from$8.00 to $11.00. Pre-market: 9.57 +0.33 (3.57%)

Finish Line (FINL): Sterne Agee raised their rating from Underperform to Neutral.

Finish Line (FINL): Susquehanna raised their rating from Neutral to Positive and raised their target price from $22.00 to $31.00.

Stryker Corp (SYK): Bernstein raised their rating from Market Perform to Outperform and raised their target price from $75.00 to $84.00. Pre-market: 75.49 +1.21 (1.63%)

Downgrades:

AOL (AOL): RBC Capital lowered their rating from Outperform to Sector Perform and maintained a target price of $46.00.

Campbell Soup (CPB): Goldman Sachs lowered their rating from Buy to Neutral and placed a target price of $42.00 on the company.

Clorox (CLX): Goldman Sachs lowered their rating from Neutral to Sell and placed a target price of $87.00 on the company.

Deere & Co. (DE): BMO Capital lowered their rating from Outperform to Market Perform and lowered their target price from $95.00 to $84.00.

Sprint (S): Pacific Crest lowered their rating from Outperform to Sector Perform. Pre-market: 7.74 -0.09 (-1.15%)

Time Warner Cable (TWC): Argus lowered their rating from Buy to Hold. Pre-market: 133.88 +0.96 (0.72%)

Coverage Initiated:

Burger King Worldwide (BKW): Goldman Sachs initiated coverage with a Buy rating and target price of $25.00. Pre-market: 20.95 +0.57 (2.80%)

Church & Dwight (CHD): Goldman Sachs initiated coverage with a Buy rating and target price of $73.00.

Praxair (PX): UBS initiated coverage with a Neutral rating and target price of $125.00.

Twitter (TWTR): Wells Fargo initiated coverage with a Market Perform rating and target range of $36.00-$39.00. Pre-market: 41.00 0.00 (0.00%)

Markets: 
Futures at 8:32: Dow +0.41%. S&P +0.33%. Nasdaq +0.37%. Crude -1.29% to $93.61. Gold -1.21% to $1229.20. U.S. 10 Year -6/32 2.767%.

Europe: London +0.33%. Paris +0.59%. Frankfurt +0.94%. 

Asia, Japan +1.54% to 15619. Hong Kong -0.05% to 23684. China -0.47% to 2186. India +1.92% to 20605. 

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Morning Coffee Pre-Market Wall Street News

Facebook Users Upset Over Privacy. Once again Facebook (FB) users are upset once they learned about the company newly proposed privacy language. The new language would allow for the indiscriminate use of members' information, likeness, and user-generated content for advertising purposes. Privacy groups are warning that the company is attempting to "routinely use the images and names of users for commercial advertising without consent. The Electronic Privacy Information Center, Center for Digital Democracy, Consumer Watchdog, Patient Privacy Rights, U.S. PIRG, and the Privacy Rights Clearinghouse have all voiced their concerns to the FTC in a letter.

Upgrades:

Diego PLC (DEO): Citigroup raised their rating from Neutral to Buy. Pre-market: 124.21 +1.13 (0.92%)

Ericsson (ERIC): Credit Suisse raised their rating from Neutral to Outperform. Pre-market: 13.00 +0.46 (3.67%)

Korn/Ferry (KFY): RW Baird raised their rating from Neutral to Outperform and raised their target price from $20.00 to $24.00. Pre-market: 19.72 +1.00 (5.34%)

Moody’s Corp (MCO): Lazard Capital raised their rating from Neutral to Buy and placed a target price of $74.00 on the company.

Stryker (SYK): Credit Suisse raised their rating from Neutral to Outperform and maintained their target price of $77.00. Pre-market: 68.50 +0.71 (1.05%)

Coverage Initiated:

Arch Coal (ACI): Macquarie initiated coverage with a Neutral rating and target price of $4.50. Pre-market: 4.78 +0.05 (1.06%)

Brinker International (EAT): Wunderlich initiated coverage with a Hold rating and target price of $44.00.

Cracker Barrel Old Country Store (CBRL): Wunderlich initiated coverage with a Hold rating and target price of $106.00. Pre-market: 98.71 0.00 (0.00%)

Darden Restaurants (DRI): Wunderlich initiated coverage with a Hold rating and target price of $50.00. Pre-market: 47.43 +0.57 (1.22%)

Jack in the Box (JACK): Wunderlich initiated coverage with a Buy rating and target price of $46.00.

Peabody Energy (BTU): Macquarie initiated coverage with a Neutral rating and target price of $18.00. Pre-market: 18.20 +0.20 (1.11%)

Under Armour (UA): Jefferies initiated coverage with a Hold rating and target price of $71.00. Pre-market: 77.35 +0.46 (0.60%)

Zillow (Z): Deutsche Bank initiated coverage with a Hold rating and target price of $83.00

Earning Reports:

Korn/Ferry (KFY): Reported EPS of $0.33 beating estimates by +$0.03. Pre-market: 19.72 +1.00 (5.34%)

Smithfield Foods (SFD): Reported EPS of $0.27 missing estimates by -$0.16. Pre-market: 33.88 -0.08 (-0.24%)

Smith &Wesson (SWHC): Reported EPS of $0.45 beating estimates by +$0.09. Pre-market: 10.85 -0.63 (-5.49%)

Zumiez (ZUMZ): Reported EPS of $0.20 beating estimates by +$0.02. Pre-market: 24.05 -1.24 (-4.90%)

Markets: 
Futures at 8:31: Dow +0.34%. S&P +0.39%. Nasdaq +0.30%. Crude +0.17% to $109.17. Gold +0.88% to $1386.00. U.S. 10 Year +31/32 2.881%.

Europe: London -0.16%. Paris -0.12%. Frankfurt +0.53%. 

Asia: Japan -1.45% to 13860. Hong Kong +0.10% to 22621. China +0.83% to 2139. India +1.53% to 19263. 

Morning Coffee Pre-Market Wall Street News

Tesla’s Earnings Beat Estimates. Tesla's (TSLA) reported EPS of shares $0.05 vs consensus for a loss of $0.17, while revenues surged to $405.1M from $26.6M last year and the gross margin hit 22%. Helping the numbers is the very popular all electric Model S. Shares of the company rose 12.5% in the pre-market.

Upgrades:

Groupon (GRPN): Raymond James raised their rating from Underperform to Market Perform.

Microsoft (MSFT): Evercore raised their rating from Equal Weight to Overweight.

Lowe’s Cos (LOW): Cleveland Research raised their rating from Neutral to Buy.

Lowe’s Cos (LOW): JPMorgan raised their rating from Neutral to Overweight.

Tata Motors (TTM): Nomura raised their rating from Neutral to Buy.

Downgrades:

Ralph Lauren (RL): ISI Group lowered their rating from Strong Buy to Buy.

Target Corp (TGT): JPMorgan lowered their rating from Overweight to Neutral.

Whole Food Markets (WFM): Northcoast lowered their rating from Buy to Neutral.

Coverage Initiated:

Netflix (NFLX): RW Baird initiated coverage with a Neutral rating and target price of $263.00.

Nike (NKE): Wells Fargo initiated coverage with an Outperform rating and target range of $73.00 - $76.00.

Stryker (SYK): Needham initiated coverage with a Hold rating.

Under Armour (UA): Wells Fargo initiated coverage with a Market Perform rating and target range of $73.00 - $75.00.

Zimmer Holdings (ZMH): Needham initiated coverage with a Buy rating and target price of $98.00.

Earning Reports:

Advance Auto (AAP): Reported EPS of $1.59 beating estimates by +$0.10.

Chiquita Brands (CQB): Reported EPS of $0.66 beating estimates by +$0.20.

Cooper Tire (CTB): Reported EPS of $0.55 missing estimates by -$0.38.

Foster Wheeler (FWTL): Reported EPS of $0.54 beating estimates by +$0.21.

MAXIMUS (MMS): Reported EPS of $0.41 in-line with estimates.

Orbitz (OWW): Reported EPS of $0.00 missing estimates by -$0.10.

Tesla Motors (TSLA): Reported EPS of $0.05 beating estimates by +$0.22.

TreeHouse Foods (THS): Reported EPS of $0.65 beating estimates by +$0.02.

Transocean (RIG): Reported EPS of $1.08 in-line with estimates.

Markets: 

Futures at 9:10: Dow +0.42%. S&P +0.41%. Nasdaq +0.44%. Crude -0.89% to $103.50. Gold +0.59% to $1292.90. U.S. 10 Year 5/32 2.594

Europe: London +0.59%. Paris +0.70%. Frankfurt +0.90%. 

Asia: Japan -1.59% to 13606. Hong Kong +0.31% to 21656. China -0.09% to 2045. India +0.67% to 18,789.