MORNING COFFEE

Google+ Is A Hit. Google’s new social networking attempt to take on Facebook seems to be a hit.  Google+ has in just three weeks attracked over 20 million users.  Although it’s only a fraction of the 750 million users that Facebook has anayalist are saying that it could continue to gain traction with users the same way it’s smartphone operating system Android has taken on Apple’s iPhone.  Android has now become the world most popular phone operating system surpassing the iPhone and Microsoft’s Mobile 7. Pre-market: 606.25 -0.74 (-0.12%)

Apple Looking to Buy Hulu. Reports this morning are suggesting that Apple (AAPL) is considering purchasing Hulu and InterDigital (IDCC). Hulu this allows users to view T.V. programs over the internet is expected to fetch over $2 billion while InterDigital is worth $3.4 billion. Additionally, other companies reportedly looking to purchase Hulu include AT&T (T), Google (GOOG), and Yahoo (YHOO). AAPL Pre-market: 387.73 +0.44 (0.11%), T Pre-market: 30.11 -0.17 (-0.56%), GOOG Pre-market: 606.25 -0.74 (-0.12%), YHOO Pre-market: 13.60 +0.01 (0.07%)

Upgrades

Adidas AG (ADDYY): Deutsche Bank raised their target price form Hold to Buy.

Advanced Micro (AMD): Canaccord raised their rating from Hold to Buy and maintained their target price of $8.00. Pre-market: 7.10 +0.60 (9.23%)

Kroger (KR): BMO Capital raised their rating from Market Perform to Outperform and raised their target price from $25.00 to $29.00. Pre-market: 25.30 +0.15 (0.60%)

Microsoft (MSFT): Davenport raised their rating from Neutral to Buy and placed a target price of $35.00 on the company. Pre-market: 26.87 -0.22 (-0.83%)

Downgrades

Medco Health Solutions (MHS): Argus lowered their rating from Buy to Hold. Pre-market: 63.50 -0.33 (-0.52%)

Medco Health Solutions (MHS): Davenport lowered their rating from Buy to Neutral. Pre-market: 63.50 -0.33 (-0.52%)

Texas Instruments (TXN): Exane BNP Paribas lowered their rating from Neutral to Underperform. Pre-market: 31.30 -0.31 (-0.98%)

Western Digital (WDC): ThinkEquity lowered their rating from Buy to Hold and lowered their target price from $45.00 to $38.00. Pre-market: 35.92 +0.79 (2.25%)

SunPower (SPWRA): Lazard Capital lowered their rating from Buy to Neutral.

Earning Reports

Honeywell (HON): Reported EPS of $1.02 beating estimates by +$0.04. Pre-market: 57.66 -0.55 (-0.94%)

McDonald's (MCD): Reported EPS of $1.35 beating estimates by +$0.07. Pre-market: 88.70 +2.16 (2.50%)

Advanced Micro (AMD): Reported EPS of $0.09 beating estimates by +$0.01. Pre-market: 7.10 +0.60 (9.23%)

Compuware (CPWR): Reported EPS of $0.08 beating estimates by +$0.01.

Microsoft (MSFT): Reported EPS of $0.69 beating estimates by +$0.11. Pre-market: 26.87 -0.22 (-0.83%)

Western Digital (WDC): Reported EPS of $0.81 beating estimates by +$0.15. Pre-market: 35.92 +0.79 (2.25%)

·         Futures at 9:00: Dow -0.32%. S&P -0.25%. Nasdaq -0.44%. Crude -0.19% to $98.94. Gold +0.95% to $1602.00.

·         Europe: London +0.48%. Paris +0.35%. Frankfurt +0.20%. 

·         Asia: Japan +1.22% to 10132. Hong Kong +2.08% to 22445. China +0.18% to 2771. India +1.55% to 18722.