JPMorgan Hired Relatives To Get Deals.

JPMorgan Hired Relatives To Get Deals. Reports indicate that JPMorgan (JPM) began hiring relatives of government and other officials to secure banking deals. According to the NYTreports one email says "We lost a deal to DB (Deutsche Bank) today because they got (the) chairman's daughter (to) work for them this summer." JPMorgan and several other U.S. banks are being investigated for their recruitment policies in China and other overseas countries.

Upgrades:

Crocs (CROX): Sterne Agee raised their rating from Underperform to Neutral and placed a target price of $10.00 on the company.

Ensco PLC (ESV): ReserchTeam raised their rating from Reduce to Hold.

Expeditors International (EXPD): ReserchTeam raised their rating from Reduce to Hold.

Foot Locker (FL): ReserchTeam raised their rating from Hold to Accumulate.

Mattel (MAT): ReserchTeam raised their rating from Hold to Accumulate.

Mosaic (MOS): ReserchTeam raised their rating from Reduce to Hold.

Total SA (TOT): ReserchTeam raised their rating from Reduce to Hold.

Walt Disney (DIS): Guggenhein raised their rating from Neutral to Buy and raised their target price from $77.00 to $87.00.

Downgrades:

Cardinal Health (CAH): ReserchTeam lowered their rating from Accumulate to Hold.

Earning Reports:

Cal-Marine Foods (CALM): Reported EPS of $1.08 missing estimates by -$0.03.

Markets: 
Futures at 9:03: Dow +0.02%. S&P -0.03%. Nasdaq -0.13%. Crude -0.28% at $100.04. Gold -0.63% to $1206.60. U.S 10 Year +3/32 to 2.990%

Europe: London -0.32%. Paris +0.06%. Frankfurt -0.39%. 

Asia: Japan +0.69% to 16291. Hong Kong +0.01% at 23245. China -0.18% to 2098. India -0.24% to 21143. 

Nike Post Nice Earnings

Nike Post Nice Earnings. Nike's (NKE) reported that their FQ2 profit jumped +40% to $537M. Earnings at the company came in at $0.59 topping Wall Street estimates, while revenue climbed +8% to $6.43B, but missed consensus. Nike saw strong sales growth in North America, Western Europe and China. The company also gave upbeat future guidance. Pre-market: 77.50 -0.76 (-0.97%)

Upgrades:

3M Co. (MMM): JPMorgan raised their rating from Underweight to Neutral and raised their target price from $120.00 to $128.00. Pre-market: 136.69 +0.28 (0.21%)

Carnival (CCL): Credit Suisse raised their rating from Neutral to Outperform and raised their target price from $30.00 to $43.00. Pre-market: 39.35 +1.30 (3.42%)

RedHat (RHT): Raymond James raised their rating from Market Perform to Outperform. Pre-market: 55.90 +6.90 (14.08%)

RedHat (RHT): UBS raised their rating from Neutral to Buy and raised their target price from $53.00 to $58.00. Pre-market: 55.90 +6.90 (14.08%)

Coverage Initiated:

Silicon Labs (SLAB): Stephens initiated coverage with an Equal Weight rating and target price of $40.00. Pre-market: 41.10 0.00 (0.00%)

Tesco Corp (TESO): Iberia initiated coverage with an Outperform rating and target price of $26.00. Pre-market: 18.89 0.00 (0.00%)

Twitter (TWTR): BMO Capital initiated coverage with a Market Perform rating and target price of $55.00. Pre-market: 58.26 +0.77 (1.34%)

Wynn Resorts (WYNN): Argus initiated coverage with a Buy rating and target price of $210.00. Pre-market: 185.50 +0.39 (0.21%)

Earning Reports:

BlackBerry (BBRY): Reported EPS of -$0.67 missing estimates by -$0.24. Pre-market: 6.36 +0.11 (1.76%)

CarMax (KMX): Reported EPS of $0.47 missing estimates by -$0.01. Pre-market: 50.50 -2.55 (-4.81%)

Cintas (CTAS): Reported EPS of $0.70 beating estimates by +$0.02. Pre-market: 56.48 0.00 (0.00%)

Finish Line (FINL): Reported EPS of $0.70 beating estimates by +$0.02. Pre-market: 28.20 +2.06 (7.88%)

Navistar (NAV): Reported EPS of -$1.90 missing estimates by -$0.33. Pre-market: 37.50 -1.96 (-4.97%)

Nike (NKE): Reported EPS of $0.59 beating estimates by +$0.01. Pre-market: 77.50 -0.76 (-0.97%)

RedHat (RHT): Reported EPS of $0.42 beating estimates by +$0.07. Pre-market: 55.90 +6.90 (14.08%)

Walgreens (WAG): Reported EPS of $0.72 in-line with estimates. Pre-market: 55.68 -1.26 (-2.21%)

Markets: 
Futures at 8:03: Dow +0.11%. S&P +0.12%. Nasdaq +0.16%. Crude -0.27% to $98.79. Gold -0.14% to $1191.70. U.S. 10 Year -5/32 to 2.949%.

Europe: London +0.22%. Paris +0.06%. Frankfurt +0.44%. 

Asia: Japan +0.07% to 15870. Hong Kong -0.33% to 22812. China -2.02% to 2085. India +1.79% to 21079. 

#RLPaler #WallStreet #PreMarket #WealthManagement #EarningReports #AnalystsRatings #Nike

Gold Prices Fall.

Gold Prices Fall. Gold has dropped to $1200 an ounce for the first time since June after the Fed's decided to taper its QE program by $10B a month. , Gold prices have fallen over -28% this year and is currently trading at $1.201.50 down -2.74%. Silver was -3.7% at $19.32.

Upgrades:

Sirius XM (SIRI): Wunderlich raised their rating from Hold to Buy and raised their target price from $4.20 to $4.50.

Downgrades:

Ford Motor Co. (F): Craig-Hullum lowered their rating from Buy to Hold and lowered their target price from $21.00 to $16.00.

Comerica (CMA): Macquarie lowered their rating from Neutral to Underperform and placed a target price of $41.00 on the company.

JPMorgan Chase (JPM): SunTrust lowered their rating from Buy to Neutral and lowered their target price from $62.00 to $59.00.

Coverage Initiated:

Edison International (EIX): Tudor Pickering initiated coverage with an Accumulate rating.

Ralph Lauren (RL): Stephens initiated coverage with an Equal Weight rating and target price of $184.00.

Southwest Airlines (LUV): UBS initiated coverage with a Buy rating and target price of $25.00.

Standard Pacific (SPF): Sterne Agee initiated coverage with a Neutral rating and target price of $8.00.

Tiffany & Co (TIF): Stephens initiated coverage with an Equal Weight rating and target price of $95.00.

Xylem (XYL): Sterne Agee initiated coverage with a Neutral rating and target price of $32.00.

Earning Reports:

Accenture (ACN): Reported EPS of $1.15 beating estimates by +$0.05. Pre-market: 78.08 +2.46 (3.25%)

ConAgra (CAG): Reported EPS of $0.62 beating estimates by +$0.06. Pre-market: 33.09 +1.30 (4.09%)

KB Home (KBH): Reported EPS of $0.31 missing estimates by -$0.16. Pre-market: 16.95 -0.60 (-3.42%)

Oracle (ORCL): Reported EPS of $0.69 beating estimates by +$0.02. Pre-market: 35.34 +0.74 (2.14%)

Paychex (PAYX): Reported EPS of $0.43 beating estimates by +$0.01. Pre-market: 44.00 +0.68 (1.57%)

Rite Aid (RAD): Reported EPS of $0.04 in-line with estimates. Pre-market: 5.42 -0.34 (-5.90%)

Winnebago Inds (WGO): Reported EPS of $0.40 beating estimates by +$0.02. Pre-market: 31.65 +0.01 (0.03%)

Markets: 
Futures at 8:59: Dow -0.42%. S&P -0.51%. Nasdaq -0.53%. Crude -0.09% to $97.71. Gold -2.74% to $1201.50. U.S. 10 Year -13/32 to 2.944%.

Europe: London +0.87%. Paris +0.93%. Frankfurt +0.94%. 

Asia: Japan +1.74% to 15859. Hong Kong -1.10% to 22889. China -0.95% to 2128. India -0.73% to 20709. 

#RLPaler #WallStreet #PreMarket #WealthManagement#EarningReports #AnalystsRatings #Gold

Bitcoin Value Sinks. China’s largest Bitcoin exchange BTC China was forced to stop accepting deposits in the Chinese currency on Wednesday, sending the price of the virtual money crashing. By Wednesday evening, BTC was quoting Bitcoins at about 2,300 renminbi, or about $380, apiece a decline in price of nearly -40%.  According to reports, the People’s Bank of China and the Chinese central bank, met Monday with the country’s largest third-party payment processing companies and ordered them to stop all transactions involving digital currencies.

Upgrades:

Western Union (WU): Macquarie raised their rating from Neutral to Outperform. Pre-market: 16.90 +0.43 (2.61%)

Downgrades:

Jabil Circuits (JBL): Longbow lowered their rating from Buy to Neutral. Pre-market: 16.20 -3.52 (-17.85%)

Coverage Initiated:

Fresh Markets (TFM): Stephens initiated coverage with an Overweight and target price of $50.00.

Groupon (GRPN): Northland Securities initiated coverage with an Outperform rating. Pre-market: 10.81 +0.14 (1.31%)

Sprouts Farmers Market (SFM): Stephens initiated coverage with an Equal Weight and target price of $40.00.

Whole Foods Market (WFM): Stephens initiated coverage with an Equal Weight and target price of $61.00. Pre-market: 57.60 +0.29 (0.51%)

Earning Reports:

FedEx (FDX): Reported EPS of $1.57 missing estimates by -$0.08. Pre-market: 138.27 -0.82 (-0.59%)

General Mills (GIS): Reported EPS of $0.83 missing estimates by -$0.05. Pre-market: 48.25 -1.33 (-2.68%)

Jabil Circuits (JBL): Reported EPS of $0.51 missing estimates by -$0.03. Pre-market: 16.20 -3.52 (-17.85%)

VeriFone (PAY): Reported EPS of $0.27 beating estimates by +$0.01. Pre-market: 23.80 -1.20 (-4.80%)

Markets: 
Futures at 7:39: Dow +0.25%. S&P +0.14%. Nasdaq +0.11%. Crude +0.16% to $97.38. Gold +0.15% to $1232.00. U.S. 10 Year -8/32 to 2.873%

.

Europe: London +0.27%. Paris +0.88%. Frankfurt +1.12%. 

Asia: Japan +2.02% to 15587.8. Hong Kong +0.32% to 23144. China -0.13% to 2148. India +1.20% 20860. 

#RLPaler #WallStreet #PreMarket #WealthManagement #EarningReports #AnalystsRatings #Bitcoin 

World Markets Worry about Fed. World markets are lower as traders wait for the Fed to announce the outcome of their latest FOMC meeting. Traders don’t expect the Fed to raise interest rates or to begin tapering, but they will be watching for any indication as to when this could begin.

Upgrades:

Adobe Systems (ADBE): Argus raised their rating from Hold to Buy and placed a target price of $71.00 on the company.

Facebook (FB): Susquehanna raised their rating from Neutral to Positive and raised their target price from $52.00 to $68.00.

Hewlett-Packard (HPQ): JPMorgan raised their rating from Neutral to Overweight and placed a target price of $35.00 on the company.

iRobot (IRBT): Raymond James JPMorgan raised their rating from Market Perform to Strong Buy and placed a target price of $39.00 on the company.

Medtronics (MDT): Goldman Sachs raised their rating from Neutral to Buy and placed a target price of $66.00 on the company.

Downgrades:

GlaxoSmithKline (GSK): Deutsche Bank lowered their rating from Buy to Hold.

KB Home (KBH): Compass Point lowered their rating from Neutral to Sell.

D.R. Horton (DHI): Compass Point lowered their rating from Buy to Neutral.

Twitter (TWTR): Atlantic Equities lowered their rating from Overweight to Neutral and placed a target price of $50.00 on the company.

Coverage Initiated:

Archer Daniels Midland (ADM): Macquarie initiated coverage with an Outperform rating and target price of $49.00.

Dynergy (DYN): Imperial Capital initiated coverage with an Outperform rating and target price of $24.00.

Mosaic (MOS): Macquarie initiated coverage with an Outperform rating and target price of $54.00.

Zillow (Z): SunTrust initiated coverage with a Buy rating and target price of $95.00.

Earning Reports:

FactSet (FDS): Reported EPS of $1.19 missing estimates by -$0.03.

Markets: 
Futures at 8:35: Dow +0.22%. S&P +0.03%. Nasdaq +0.12%. Crude +0.31% to $97.79. Gold -0.83% to $1233.90. U.S. 10 Year 0/32 to 2.880%.

Europe: London -0.30%. Paris -0.79%. Frankfurt -0.18%. 

Asia: Japan +0.83% to 15279. Hong Kong -0.20% to 23069. China -0.45% to 2151. India -0.23% to 20612. 

#RLPaler #WallStreet #PreMarket #WealthManagement #EarningReports #AnalystsRatings

Google Buys Boston Dynamics. Google (GOOG) has purchased Boston Dynamics, a manufacture of robots and software for the U.S. military and DARPA. Boston Dynamics is best known for their four legged robots on You Tube where Big Dog and Cheetah resemble something straight from a space sci-fi movie. Cheetah can run at speeds over 29 mph. Atlas is a humanoid robot able to traverse difficult terrain and designed to go where humans cannot. Pre-market: 1,063.80 +3.01 (0.28%)

Upgrades:

Blackberry (BBRY): Bernstein raised their rating from Underperform to Market Perform and placed a target price of $5.50 on the company. Pre-market: 6.18 +0.10 (1.64%)

Charles Schwab (SCHW): Evercore raised their rating from Underweight to Equal Weight.

Citigroup (C): Evercore raised their rating from Equal Weight to Overweight. Pre-market: 51.48 +0.51 (1.00%)

Exxon Mobil (XOM): Goldman Sachs raised their rating from Neutral to Buy and raised their target price from $96.00 to $109.00. Pre-market: 96.35 +1.04 (1.09%)

Fifth Third Bank (FITB): Evercore raised their rating from Equal Weight to Overweight.

Monster Beverage (MNST): RBC Capital raised their rating from Outperform to Top Pick and placed a target price of $77.00 on the company. Pre-market: 62.67 +1.21 (1.97%)

St Jude Medical (STJ): BMO Capital raised their rating from Market Perform to Outperform and raised their target price from $59.00 to $66.00.

Taser International (TASR): JPMorgan raised their rating from Neutral to Overweight and raised their target price from $17.00 to $18.50. Pre-market: 16.05 +0.53 (3.41%)

Tiffany & Co. (TIF): Canaccord raised their rating from Sell to Hold and raised their target price from $65.00 to $85.00. Pre-market: 90.20 +0.89 (1.00%)

Verizon Communications (VZ): Maquarie raised their rating from Neutral to Outperform. Pre-market: 48.25 +0.41 (0.86%)

Downgrades:

PNC Financial (PNC): Evercore lowered their rating from Overweight to Equal Weight. Pre-market: 75.22 -0.16 (-0.21%)

Starbucks (SBUX): Stephens lowered their rating from Overweight to Equal Weight and lowered their target price from $95.00 to $85.00. Pre-market: 76.18 -0.17 (-0.22%)

Twitter (TWTR): SunTrust lowered their rating from Buy to Neutral and maintained their target price of $50.00. Pre-market: 57.95 -1.05 (-1.78%)

Twitter (TWTR): Wells Fargo lowered their rating from Market Perform to Underperform and maintained their target range of $36.00-$39.00. Pre-market: 57.95 -1.05 (-1.78%)

Coverage Initiated:

Cintas (CTAS): Credit Suisse initiated coverage with a Neutral rating and target price of $56.00.

Markets: 
Futures at 6:20: Dow +0.4%. S&P +0.4%. Nasdaq +0.5%. Crude +0.5% to $97.11. Gold -0.5% to $1228.50. U.S. 10 Year -3/32 2.856%.

Europe: London +0.5%. Paris +0.8%. Frankfurt +1.4%. 

Asia: Japan -1.6% to 15153. Hong Kong -0.6% to 23115. China -1.6% to 2161. India -0.3% to 20660. 

#RLPaler #WallStreet #PreMarket #WealthManagement #EarningReports #AnalystsRatings