MORNING COFFEE

Walt Disney Profits Soar. Despite a $200 million writedown for the movie flop “john Carter” Disney posted a record jump in net profit to $1.14 billion. Adjusted EPS of $0.58 beat Wall Street estimates, along with a revenue increase of 6% to $9.63 billion. Additionally, the blockbuster "The Avengers" has taken in $702 million globally in just two weeks. Pre-market: 44.71 +0.41 (0.93%)

Upgrades

Fossil (FOSL): The Benchmark Company raised their rating from Hold to Buy. Pre-market: 79.46 +0.94 (1.20%)

TreeHouse Foods (THS): Janney Capital raised their rating from Neutral to Buy and placed a target price of $65.00 on the company.

Under Armour (UA): UBS raised their rating from Neutral to Buy and raised their target price from $100.00 to $105.00. Pre-market: 92.69 +0.01 (0.01%)

American Intl Group (AIG): Goldman Sachs raised their rating from Neutral to Buy and raised their target price from $31.00 to $40.00. Pre-market: 31.80 +0.10 (0.32%)

Downgrades

Fossil (FOSL): JP Morgan lowered their rating from Overweight to Neutral and lowered their target price from $138.00 to $88.00. Pre-market: 79.46 +0.94 (1.20%)

Chiquita Brands Intl (CQB): Jefferies lowered their rating from Buy to Hold and lowered their target price from $12.00 to $7.50.

Coverage Initiated

Under Armour (UA): The Benchmark Company initiated coverage with a Buy rating and target price of $104.00 on the company. Pre-market: 92.69 +0.01 (0.01%)

ConocoPhillips (COP): Credit Suisse initiated coverage with a Neutral rating and placed a target price of $67.00 on the company. After Hours: 54.28 -0.03 (-0.06%)

Zanga (ZNGA): Citigroup initiated coverage with a Buy rating and target price of $12.00 on the company. Pre-market: 8.05 +0.12 (1.51%)

Earning Reports

Blue Nile (NILE): Reported EPS of $0.01 missing estimates by -$0.05. After Hours: 29.45 +2.17 (7.95%)

EOG Resources (EOG): Reported EPS of $1.17 beating estimates by +$0.04. After Hours: 102.38 -1.61 (-1.55%)

Walt Disney (DIS): Reported EPS of $0.58 beating estimates by +$0.03. Pre-market: 44.71 +0.41 (0.93%)

AOL (AOL): Reported EPS of $0.22 beating estimates by +$0.14. Pre-market: 25.55 -0.03 (-0.12%)

Dollar Thrifty (DTG): Reported EPS of $1.35 beating estimates by +$0.02.

Markets: 
Futures at 7:09: Dow -0.67%. S&P -0.94%. Nasdaq -0.91%. Crude -0.81% to $96.22. Gold -1.13% to $1586.50. 

Europe: London -1.06%. Paris -0.97%. Frankfurt -0.39%. 

Asia: Japan -1.49%. Hong Kong -0.75%. China -1.65%. India -0.40%.