MORNING COFFEE

Disney’s Profits Surge. After the close yesterday, Walt Disney's (DIS) reported that its FQ3 net profit surged 24% to a record high $1.83 billion.  EPS came in at $1.01 beat forecasts by +$0.08 and revenue grew by 4.4% to $11.1B. Helping the bottom line were strong earnings from its parks & resorts, its cable TV channels, and the movie "The Avengers." Pre-market: 49.08 -0.73 (-1.47%)

Upgrades

CVS Caremark (CVS): BMO Capital raised their rating from Market Perform to Outperform and raised their target price from $47.00 to $53.00. Pre-market: 44.30 +0.18 (0.41%)

Church & Dwight (CHD): Sun Trust raised their rating from Neutral to Buy. After Hours: 52.55 +0.01 (0.02%)

Downgrades

Groupon (GRPN): Sterne Agee lowered their rating from Buy to Neutral. Pre-market: 7.28 0.00 (0.00%)

Priceline.com (PCLN): Stifel Nicolaus lowered their rating from Buy to Hold. Pre-market: 572.69 -107.11 (-15.76%)

Earning Reports

Walt Disney (DIS): Reported EPS of $1.01 beating estimates by +$0.08. Pre-market: 49.08 -0.73 (-1.47%)

Carlyle (CG): Reported EPS of -$0.19 missing estimates by -$0.04.

DISH Network (DISH): Reported EPS of $0.50 missing estimates by -$0.17.

International Flavors (IFF): Reported EPS of $1.08 beating estimates by +$0.05.

NRG Energy (NRG): Reported EPS of $1.08 beating estimates by +$0.80.

Markets: 
Futures at 6:34: Dow -0.11%. S&P -0.27%. Nasdaq -0.08%. Crude -0.58% to $93.13. Gold -0.16% to $1610.20.

Europe: London -0.54%. Paris -0.62%. Frankfurt -0.52%. 

Asia: Japan +0.88%. Hong Kong -0.04%. China +0.16%. India -0.01%.