MORNING COFFEE

Chrysler Post Nice Quarter. Chrysler reported Q1 net income of $473 million, up from $116 million a year ago. Quarterly sales increased +33% to 523,000 vehicles. The company also confirmed its 2012 profit guidance of $1.5 billion.  Additionally, the company said that it told auto lender troubled bank Ally Financial, it won't renew their partnership past the April 30, 2013 expiration date.

Upgrades

NETGEAR (NTGR): BWS Financial raised their rating from Buy to Strong Buy.

Dr Pepper Snapple (DPS): Davenport raised their rating from Neutral to Buy and placed a target price of $50.00 on the company.

Downgrades

Penske Auto (PAG): KeyBanc Capital Markets lowered their rating from Buy to Hold.

Coverage Reiterated/Price Target Changed 

Xilinx (XLNX): Mizuho reiterated their Neutral rating and raised their target price from $36.00 to $38.00.

Apple (APPL): Hillard Lyons reiterated their Buy rating and raised their target price from $660.00 to $740.00.

Earning Reports

Kirby Corp (KEX): Reported EPS of $0.91 in-line with estimates.

Las Vegas Sands (LVS): Reported EPS of $0.70 beating estimates by +0.12. Pre-market: 57.01 -1.77 (-3.01%)

Raymond James (RJF): Reported EPS of $0.64 beating estimates by +$0.07.

Tractor Supply (TSCO): Reported EPS of $0.55 beating estimates by +$0.01. Pre-market: 99.44 +1.95 (2.00%)

Oceaneering Intl (OII): Reported EPS of $0.47 beating estimates by +$0.01.

Aetna (AET): Reported EPS of $1.34 missing estimates by -$0.05. Pre-market: 44.87 -4.49 (-9.10%)

Altria (MO): Reported EPS of $0.49 in-line with estimates. Pre-market: 31.72 +0.03 (0.09%)

AstraZeneca (AZN): Reported EPS of $1.81 beating estimates by +0.08. Pre-market: 43.22 -2.69 (-5.86%)

Ball (BLL): Reported EPS of $0.63 beating estimates by +0.04.

Bristol-Myers (BMY): Reported EPS of $0.64 in-line with estimates. Pre-market: 33.75 -0.54 (-1.57%)

Celgene (CELG): Reported EPS of $1.08 missing estimates by -$0.05. Pre-market: 74.57 -3.34 (-4.29%)

Dow Chemical (DOW): Reported EPS of $0.61 beating estimates by +0.01. Pre-market: 34.61 -1.47 (-4.07%)

Exxon Mobil (XOM): Reported EPS of $2.00 missing estimates by -$0.09. Pre-market: 85.33 -1.52 (-1.75%)

Kellogg (K): Reported EPS of $1.00 beating estimates by +0.02. Pre-market: 50.50 +0.01 (0.02%)

Lockheed Martin (LMT): Reported EPS of $2.02 beating estimates by +0.32. Pre-market: 92.00 +1.02 (1.12%)

Old Dominion (OLDF): Reported EPS of $0.54 beating estimates by +0.01.

PepsiCo (PEP): Reported EPS of $0.69 beating estimates by +0.02

UPS (UPS): reported EPS of $1.00 missing estimates by -$0.02.

           

Markets: 
Futures at 8:51: Dow -0.18%. S&P -0.32%. Nasdaq -0.22%. Crude +0.10% to $104.22. Gold +0.72% to $1654.20. 

Europe: London -0.36%. Paris -0.99%. Frankfurt -0.64%. 

Asia: Japan -0.01%. Hong Kong +0.79%. China -0.09%. India -0.12%.