Morning Coffee Pre-Market Wall Street News

Big Tech Names to Report Earnings. After the market close today the three biggest names in tech will report their earnings. Wall Street analysts estimate that Google's (GOOG) Q1 EPS will rise to $10.69 from $10.08 while revenue is expected to surge 72.5% to $14.04B. IBM's (IBM) Q1 EPS is estimated to have increased to $3.06 from $2.78 with revenue increasing 0.1% to $24.69B. Microsoft's (MSFT) FQ3 EPS is estimates to come in at $0.75 from $0.60 and revenue to increase 18.1% to $20.56B. GOOG Pre-market: 789.12 +6.56 (0.84%) IBM Pre-market: 210.26 +0.59 (0.28%) MSFT Pre-market: 28.90 +0.07 (0.26%)

Upgrades

Core Labs (CLB): Tudor Pickering raised their rating from Trim to Hold. Pre-market: 134.01 +7.77 (6.15%)

United Parcel Service (UPS): RBC Capital raised their rating from Sector Perform to Outperform and raised their target price from $80.00 to $100.00.

Downgrades

Allscripts Healthcare (MDRX): Maxim lowered their rating from Buy to Hold.

eBay (EBAY): Macquarie lowered their rating from Outperform to Neutral. Pre-market: 54.00 -2.10 (-3.74%)

Expeditors International (EXPD): RBC Capital lowered their rating from Sector Perform to Underperform and raised their target price from $39.00 to $33.00.

FedEx (FDX): RBC Capital lowered their rating from Sector Perform to Underperform and raised their target price from $100.00 to $87.00.

Huntington Banc (HBAN): Compass Point lowered their rating from Buy to Neutral and placed a target price of $8.00 on the company. Pre-market: 6.99 -0.02 (-0.21%)

Coverage Initiated

Agrium (AGU): HSBC Securities initiated coverage with an Overweight rating and target price of $117.00.

American International Group (AIG): BMO Capital initiated coverage with an Outperform rating and target price of $50.00. Pre-market: 38.81 +0.25 (0.65%)

Marsh & McLennan (MMC): BMO Capital initiated coverage with a Market Perform rating and target price of $38.00.

Mosaic (MOS): HSBC Securities initiated coverage with a Neutral rating and target price of $66.00. Pre-market: 58.05 +0.07 (0.12%)

PartnerRe (PRE): BMO Capital initiated coverage with a Market Perform rating and target price of $96.00.

Potash (POT): HSBC Securities initiated coverage with an Overweight rating and target price of $38.02.

Travelers Co (TRV): BMO Capital initiated coverage with an Outperform rating and target price of $95.00.

Earning Reports

American Express (AXP): Reported EPS of $1.15 beating estimates by +$0.02. After Hours: 64.00 -0.13 (-0.20%)

Baxter (BAX): Reported EPS of $1.05 in-line with estimates.

BB&T Corp (BBT): Reported EPS of $0.69 beating estimates by +$0.01.

eBay (EBAY): Reported EPS of $0.63 beating estimates by +$0.01. Pre-market: 54.05 -2.05 (-3.65%)

Fifth Third (FITB): Reported EPS of $0.46 beating estimates by +$0.07.

KeyCorp (KEY): Reported EPS of $0.21 beating estimates by +$0.01. Pre-market: 9.35 -0.18 (-1.89%)

Morgan Stanley (MS): Reported EPS of $0.61 beating estimates by +$0.05. Pre-market: 21.30 -0.17 (-0.79%)

Nokia (NOK): Reported EPS of -0.02 beating estimates by +$0.02. Pre-market: 3.23 -0.35 (-9.78%)

PepsiCo (PEP): Reported EPS of $0.77 beating estimates by +$0.07. Pre-market: 79.44 +0.59 (0.75%)

Snap-On (SNA): Reported EPS of $1.40 beating estimates by +$0.06.

UnitedHealth (UNH): Reported EPS of $1.16 beating estimates by +$0.02. Pre-market: 61.50 -0.53 (-0.85%)

Verizon (VZ): Reported EPS of $0.68 beating estimates by +$0.02. Pre-market: 50.27 +0.73 (1.47%)

Markets: 
Futures at 7:27: Dow +0.37%. S&P +0.45%. Nasdaq +0.46%. Crude +1.35% to $87.84. Gold +1.01% to $1396.70.

Europe: London +0.41%. Paris +0.90%. Frankfurt +0.52%. 

Asia: Japan -1.22% to 13220. Hong Kong -0.26% to 21513. China +0.17% to 2198. India +1.52% to 19016.