MORNING COFFEE

U.S Files Complaint With WTO. The United States filed a complaint with the WTO over subsidies China provides its wind-energy manufacturers.  The complaint states that the Chinese government fund which gives grants to wind power manufacturers requires the companies to use Chinese-made parts, which is a violation of WTO rules.

Terror Attacks In Rome.  There have been two package bombs that have exploded at the Swiss and Chilean Embassies in Rome.  This comes just two days after a similar bomb was discovered on a train in Rome.

Coverage Reiterated/Price Target Changed

Bed Bath & Beyond (BBBY): Argus reiterated their Buy rating and raised their target price from $52.00 to $55.00.

Finish Line (FINL): Wedbush reiterated their Outperform rating and raised their target price from $21.00 to $23.00.

Finish Line (FINL): FBR Capital reiterated their Outperform rating and lowered their target price from $21.00 to $20.00.

Earning Reports

Piedmont (PNY): Reported EPS of -$0.13 missing estimates by -$0.04.

Bed Bath & Beyond (BBBY): Reported Q3 EPS of $0.74 beating estimates by +$0.08 on revenue of $2.2 billion, up +11.1%. 

Micron Technology (MU): Reported FQ1 EPS of $0.15 missing estimates by -$0.13 on revenue of $2.3 billion, up +32%.

·         Futures at 7:00: Dow 0.0%. S&P -0.1%. Nasdaq -0.2%. Crude +0.1% to $90.61. Gold -0.3% to $1383.60.

·         Asia: Japan -0.2% to 10346. Hong Kong -0.6% to 22903. China -0.8% to 2855. India -0.2% to 19983.

·         Europe: London +0.1%. Paris -0.4%. Frankfurt +0.1%.