MORNING COFFEE

TD Ameritrade Looking To Buy E-Trade. Reports say that TD Ameritrade (AMTD) will discuss purchasing E-Trade Financial (ETFC) at tomorrow’s board meeting.  E-Trade has been hampered by troubled mortgage securities and a major shareholder prompted the company to look for possible buyers. AMTD Pre-market: 19.76 +0.15 (0.76%) ETFC Pre-market: 16.24 +0.60 (3.84%) 

Upgrades

CBOE Holdings (CBOE): Stifel Nicolaus raised their rating from Sell to Hold.

Volvo (VOLVY): Robert W. Baird raised their rating from Neutral to Outperform.

Owens Corning (OC): RBC Capital Markets raised their rating from Outperform to Top Pick and raised their target price from $42.00 to $45.00.

Coverage Initiated

Agilent (A): Cowen initiated coverage with an Outperform rating. Pre-market: 46.50 -0.39 (-0.83%)

Pandora Media (P): Wells Fargo initiated coverage with an Outperform rating and a target price range of $21.00 to $23.00. Pre-market: 18.68 +0.65 (3.61%)

Pandora Media (P): William Balir initiated coverage with an Outperform rating. Pre-market: 18.68 +0.65 (3.61%)

Pandora Media (P): JP Morgan initiated coverage with an Overweight rating and a target price of $22.00. Pre-market: 18.68 +0.65 (3.61%)

Pandora Media (P): Citigroup initiated coverage with a Buy rating and a target price of $25.00. Pre-market: 18.68 +0.65 (3.61%)

Coverage Reiterated/Price Target Changed

McDonald's (MCD): RBC Capital Markets reiterated their Outperform rating and raised their target price from $85.00 to $100.00. Pre-market: 87.85 -0.71 (-0.80%)

Honeywell (HON): FBR Capital reiterated their Market Perform rating and raised their target price from $64.00 to $66.00. Pre-market: 55.90 -0.50 (-0.89%)

Earning Reports

Baker Hughes (BHI): Reported EPS of $0.93 beating estimates by +$0.02. Pre-market: 77.85 -2.05 (-2.57%)

Eaton (ETN): Reported EPS of $0.97 beating estimates by +$0.02. Pre-market: 51.48 +0.32 (0.63%)

Kimberly-Clark (KMB): Reported EPS of $1.18 beating estimates by +$0.02. Pre-market: 67.54 -0.36 (-0.53%)

Silicon Labs (SLAB): Reported EPS of $0.48 beating estimates by +$0.03. Pre-market: 37.90 -3.83 (-9.18%)

·         Futures at 9:04: Dow -0.74%. S&P -0.86%. Nasdaq -0.67%. Crude -0.94% to $98.93. Gold +1.08% to $1618.70.

·         Europe: London -0.41%. Paris -0.19%. Frankfurt -0.06%. 

Asia: Japan -0.81% to 10050. Hong Kong -0.68% to 22293. China -2.96% to 2689. India +0.80% to 18871.