Magna International Inc (MGA) - Reaches new 52 week high

Magna International Inc (MGA)

Last Price: $49.93 at 9:40am ET.

Open: $49.37 Previous Close: $49.44 Volume: 12,214

Today's Change  0.49 (0.99%) Bid (at 9:40am ET) -- Ask (at 9:40am ET) -- B/A Size -- EPS (TTM) $5.92 Shares Outstanding 232.9M Market Cap 11.6B Beta 1.4084		Day Range $49.14 - $49.93 52 Week Range $33.32 - $49.93 P/E Ratio 8.44x P/Sales Ratio (TTM) 0.38x Declared Dividend $1.10 Dividend Yield 2.22% Ex-Dividend Date 11/28/12 Dividend Payable Date 12/14/12
		Market Summary NASDAQ: 2,969.55   9.24 (0.31%) S&P 500: 1,404.18   1.75 (0.12%) DJIA: 12,935.58   2.53 (0.02%)

Morning Coffee Pre-Market Wall Street News

President to Meet with Top Leaders to Discuss Fiscal Cliff. In a last ditch effort  President Obama has called for congressional leaders to come to the White House today to discuss a deal that would prevent the fiscal cliff from occurring.  It’s his first meeting with top leaders since November 16^th. Both sides are dug in with the Democrats wanting tax increases and the Republicans wanting spending cuts. If a short term deal is reached, analysts say that it would likely put off spending cuts and income tax increases while including an extension of expiring unemployment benefits, a delay on cuts in Medicare payments to doctors and a short-term measure to prevent dairy prices from spiking to $5.00 - $7.00 a gallon. With regards to the meeting Senate Majority Leader Reid (D) said "I don't know timewise how it can happen now." While Minority Leader McConnell (R) said "Republicans aren't about to write a blank check for anything the Democrats put forward just because we find ourselves at the edge of a cliff."

Downgrades

BCD Semiconductor (BCDS): Stifel Nicolaus lowered their rating from Buy to Hold.

Coverage Initiated

Marvell (MRVL): Wunderlich initiated coverage with a Hold rating and target price of $9.00. Pre-market: 7.16 +0.02 (0.28%)

LSI Logic (LSI): Wunderlich initiated coverage with a Buy rating and target price of $9.00.

Markets: 
Futures at 8:15: Dow -0.59%. S&P -0.67%. Nasdaq -0.65%. Crude 0.0% to $90.80. Gold -0.17% to $1660.90.

Europe: London -0.62%. Paris -0.93%. Frankfurt -0.57%. 

Asia: Japan +0.70% to 10395. Hong Kong +0.21% to 22667. China +1.24% to 2233. India +0.63% at 19445. 

Sanofi SA (SNY) - Reaches new 52 week High

Sanofi SA SNY:NYSE

Last Price: $47.94 at 9:31am ET. 

Open: $47.74 Previous Close: $47.32 Volume: 56,042

Today's Change  0.62 (1.31%) Bid (at 9:31am ET) -- Ask (at 9:31am ET) -- B/A Size -- EPS (TTM) $2.99 Shares Outstanding 2.6B Market Cap 126.3B Beta 0.9354		Day Range $47.74 - $47.94 52 Week Range $33.03 - $47.94 P/E Ratio 16.03x P/Sales Ratio (TTM) 2.63x Declared Dividend $1.69 Dividend Yield 3.57% Ex-Dividend Date 5/7/12 Dividend Payable Date 5/30/12
		Market Summary NASDAQ: 2,986.35   3.81 (0.13%) S&P 500: 1,419.06   0.77 (0.05%) DJIA: 13,111.73   2.86 (0.02%)

Morning Coffee Pre-Market Wall Street News

Ford to Invest in Michigan. Ford Motor Co. (F) said it will invest more than $773 million in Michigan to update and expand its six manufacturing plants. The upgrades and expansions are part of the company’s plan to invest $6.2 billion in U.S. facilities through the end of 2015. Ford said the investment will create 2,350 new jobs.  Pre-market: 12.75 -0.04 (-0.31%)

Home Prices Post Gain.  The Case-Shiller data through the end of October showed home prices up 6.9% since January of last year. If the gains hold through the end of the year it will be the best results since 2005. 

Downgrades

Marvell Tech (MRVL): JMP Securities lowered their rating from Outperform to Market Perform. Pre-market: 7.19 -0.21 (-2.84%)

Markets: 
Futures at 7:00: Dow +0.22%. S&P +0.23%. Nasdaq +0.30%. Crude -0.10% to $90.89. Gold -0.25% to $1656.40.

Europe: London +0.42%. Paris +0.57%. Frankfurt +0.33%. 

Asia: Japan +0.91% to 10323. Hong Kong +0.35% to 22506. China -0.60% to 2206. India -0.48% at 19324. 

Morning Coffee Pre-Market Wall Street News

Retailers See Weak Holiday Sales. Early results of the very important holiday sales season suggest that sales have been weak. Analysts are saying that sales may have been the weakest since 2008. MasterCard’s SpendingPulse is reporting sales rose just 0.7% over last year. Last month retailers Macy’s (M) and Target both posted same-store sales that trailed analysts’ estimates. Target also is reported to have 50% discounts on its highly-touted Neiman Marcus line.

After Christmas Sales. If you’re like me I also like a great deal, so whether you are looking to take back those lime green jeans or you received gift cards today to get deals. Some retailers will be offer up to 70% off of merchandise.

Wal-Mart (WMT) stores will open at 5:00 am and will be offering 50% off Christmas candy, toys, and seasonal home décor items. Select tops and bottoms are priced from $3.00 - $9.00. Pre-market: 68.53 -0.04 (-0.06%)

Toys-R-Us will open at 8:00 am and is offering buy one - get one at 40% off on all video games.

Dick’s Sporting Goods (DKS) is offering $15.00 off any athletic shoes priced at $59.00 or more.

Kohl’s (KSS) will open at 5:00am and is offering deals of 60% - 70% off and early bird deals from 5:00 am to 1:00 pm.

Target (TGT) opens at 7:00 am today and will have many of the top video games on sales for $39.99, along with other store wide deals.

Kmart (SHLD) opens at 8:00 am and is offer 50% off holiday items and 60% off winter apparel.

Markets:

Futures at 8:08: Dow +0.21%. S&P +0.21%. Nasdaq +0.12%. Crude +0.58% to $89.12. Gold -0.05% at $1658.70.

Europe: London closed. Paris closed. Frankfurt closed. 

Asia: Japan +1.49% to 10230. Hong Kong +0.16% to 22541. China +0.25% to 2219. India +0.84% at 19417. 

Ball Corp (BLL) - Reaches new 52 week High

Ball Corp (BLL)
Reaches new 52 week High

Last Price: $45.00 at 9:36am ET. 

Open: $44.89 Previous Close: $45.46 Volume: 330,310

Today's Change  0.46 (1.01%) Bid (at 9:36am ET) -- Ask (at 9:36am ET) -- B/A Size -- EPS (TTM) $2.65 Shares Outstanding 153.9M Market Cap 6.9B Beta 0.6617		Day Range $44.76 - $45.47 52 Week Range $35.00 - $45.47 P/E Ratio 17.01x P/Sales Ratio (TTM) 0.81x Declared Dividend $0.40 Dividend Yield 0.88% Ex-Dividend Date 11/29/12 Dividend Payable Date 12/17/12
		Market Summary NASDAQ: 3,004.65   45.74 (1.50%) S&P 500: 1,428.59   15.10 (1.05%) DJIA: 13,189.85   121.87 (0.92%)

Nike (NKE) - Moves +5.00% since its previous close

Nike Inc (NKE)
Moves +5.00% since its previous close

Last Price: $103.96 at 9:42am ET. 

Open: $102.50 Previous Close: $99.00 Volume: 1,661,851

Today's Change  4.96 (5.01%) Bid (at 9:42am ET) -- Ask (at 9:42am ET) -- B/A Size -- EPS (TTM) $4.78 Shares Outstanding 450.6M Market Cap 46.8B Beta 0.8508		Day Range $101.16 - $103.96 52 Week Range $85.10 - $114.81 P/E Ratio 21.75x P/Sales Ratio (TTM) 1.8x Declared Dividend $1.68 Dividend Yield 1.70% Ex-Dividend Date 12/6/12 Dividend Payable Date 12/26/12
		Market Summary NASDAQ: 3,005.47   44.92 (1.47%) S&P 500: 1,428.49   15.20 (1.05%) DJIA: 13,184.68   127.04 (0.95%)