Morning Cofee Pre-Market Wall Street News

Google Shares Jump On Earnings. Google's (GOOG) shares jumped 9.19% in the premarket after the company reported Q3 earnings that beat Wall Street estimates. The company reported strong paid-click growth that offset ad-price weakness, with nice gains in mobile. Net profit at the company rose 36% to $2.97B. Adjusted EPS was $2.18B or $10.74 per share. Revenue climbed 12% to $14.89B. Pre-market: 970.50 +81.71 (9.19%)

Upgrades:

Amazon.com (AMZN): UBS raised their rating from Neutral to Buy and raised their target price from $305.00 to $385.00.

21^st Century Fox (FOXA): BTIG raised their rating from Neutral to Buy.

T-Mobile (TMUS): Goldman Sachs raised their rating from Buy to Conviction Buy and placed a target price of $32.00 on the company. Pre-market: 28.10 +0.66 (2.41%)

Downgrades:

Advanced Micro (AMD): Bank of America Merrill Lynch lowered their rating from Buy to Neutral and lowered their target price from $6.00 to $4.50. Pre-market: 3.70 -0.39 (-9.54%)

IBM (IBM): Argus lowered their rating from Buy to Hold. Pre-market: 175.55 +0.72 (0.41%)

Las Vegas Sands (LVS):Craig-Hallum lowered their rating from Buy to Hold and lowered their target price from $71.00 to $62.00. Pre-market: 71.89 +0.92 (1.30%)

McDermott International (MDR): Macquarie lowered their rating from Outperform to Underperform and lowered their target price from $9.00 to $7.50.

Panera Bread (PNRA): Wedbush lowered their rating from Outperform to Neutral and lowered their target price from $190.00 to $165.00. Pre-market: 158.65 -1.90 (-1.18%)

Sanofi (SNY): Leerink lowered their rating from Outperform to Market Perform. Pre-market: 49.99 -0.14 (-0.28%)

UnitedHealth (UNH): Cantor Fitzgerald lowered their rating from Buy to Hold and lowered their target price from $75.00 to $70.00.

Coverage Initiated:

Finish Line (FINL): UBS initiated coverage with a Neutral rating and target price of $25.00.

Earning Reports:

Advanced Micro (AMD): Reported EPS of $0.04 beating estimates by +$0.02. Pre-market: 3.70 -0.39 (-9.54%)

Baker Hughes (BHI): Reported EPS of $0.81 beating estimates by +$0.03. Pre-market: 54.65 +2.87 (5.54%)

Capital One (COF): Reported EPS of $0.86 beating estimates by +$0.05. Pre-market: 73.00 +0.85 (1.18%)

Chipotle Mexican Grill (CMG): Reported EPS of $2.66 missing estimates by -$0.12. Pre-market: 473.55 +34.48 (7.85%)

General Electric (GE): Reported EPS of $0.36 beating estimates by +$0.01. Pre-market: 25.41 +0.73 (2.96%)

Google (GOOG): Reported EPS of $10.74 beating estimates by +0.37. Pre-market: 970.50 +81.71 (9.19%)

Honeywell (HON): Reported EPS of $1.25 beating estimates by +$0.01. Pre-market: 85.65 -1.09 (-1.26%)

Las Vegas Sands (LVS): Reported EPS of $0.82 beating estimates by +0.06. Pre-market: 71.89 +0.92 (1.30%)

Morgan Stanley (MS): Reported EPS of $0.50 beating estimates by +0.09. Pre-market: 29.88 +0.95 (3.28%)

Schlumberger (SLB): Reported EPS of $1.29 beating estimates by +0.05. Pre-market: 93.30 +1.87 (2.05%)

Stryker (SYK): Reported EPS of $0.98 missing estimates by -$0.02. Pre-market: 72.60 +0.05 (0.07%)

Textron (TXT): Reported EPS of $0.35 missing estimates by -$0.08. Pre-market: 26.20 -1.32 (-4.80%)

WD-40 (WDFC): Reported EPS of $0.53 beating estimates by +0.05.

Markets: 
Futures at 7:34: Dow +0.13%. S&P +0.30%. Nasdaq +0.58%. Crude +0.86% to $101.50. Gold -0.47% to $1316.70. U.S. 10 Year +6/32 2.571%.

Europe: London +0.48%. Paris +0.72%. Frankfurt +0.31%. 

Asia: Japan -0.17% to 14562. Hong Kong +1.06% to 23340. China +0.24% to 2194. India +2.29% to 20883. 

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