MORNING COFFEE

France & Greece Say No To Austerity. U.S. stock futures are lower after both French and Greek voters resoundingly rejected austerity. In France, Socialist Francois Hollande won the presidency from Nicolas Sarkozy. In Greece, the two pro-bailout parties gained just 32% of the vote.

The Avengers Break Box Office Record. Walt Disney’s (DIS) multi-superhero "The Avengers," smashed the U.S. record for an opening weekend by taking in $200.3 million in sales.  The precious record was only $169.2 million held by the final Harry Potter film. Globally, the Avengers has earned $641.8 million in just 12 days. Pre-market: 43.46 +0.53 (1.23%)

Upgrades

Newell Rubbermaid (NWL): Oppenheimer raised their rating from Perform to Outperform and placed a target price of $23.00 on the company.

Dresser-Rand (DRC): Global Hunter raised their rating from Buy to Accumulate and raised their target price from $62.00 to $67.00. Pre-market: 47.95 +0.12 (0.25%)

Texas Instruments (TXN): Normura raised their rating from Reduce to Neutral and raised their target price from $30.00 to $34.00. Pre-market: 30.63 +0.04 (0.13%)

NVIDIA (NVDA): Normura raised their rating from Neutral to Buy and placed a target price of $16.00 on the company. Pre-market: 12.29 +0.03 (0.24%)

Honda Motor Co. (HMC): Credit Suisse raised their rating from Neutral to Outperform. Pre-market: 33.97 -0.32 (-0.93%)

Downgrades

First Solar (FSLR): Argus lowered their rating from Buy to Hold. Pre-market: 16.65 -0.29 (-1.71%)

Procter & Gamble (PG): Wells Fargo lowered their rating from Outperform to Market Perform and lowered their target range from $67.00-$71.00 to $67.00-$61.00. Pre-market: 63.79 -0.49 (-0.76%)

Earning Reports

DISH Network (DISH): Reported EPS of $0.80 beating estimates by +$0.09.

Echostar Holdings (SATS): Reported EPS of $1.45 beating estimates by +$1.36.

Tyson Foods (TSN): Reported EPS of $0.44 beating estimates by +$0.04. Pre-market: 18.47 +0.43 (2.38%)

Markets: 
Futures at 7:42: Dow -0.43%. S&P -0.49%. Nasdaq -0.40%. Crude -0.62% to $97.88 Gold -0.35% to $1639.40. 

Europe: London closed. Paris +0.43%. Frankfurt -0.45%. 

Asia: Japan -2.78%. Hong Kong -2.61%. China 0.00%. India +0.48%.