Disney Reports Good Quarterly Results. Walt Disney's (DIS) reported quarterly results that beat Wall Street’s expectations. Disney announced that their FQ1 net profit rose +33% to $1.84B and earnings of $1.04. Revenue at the entertainment giant climbed +8.6% to $12.31B. Sales grew across all of Disney's different divisions with close to half of the company's profit coming from Media Networks, led by ESPN. The films "Frozen" and "Thor: The Dark World" helped studio revenue leap +23% to $1.89B. Pre-market: 74.65 +2.89 (4.03%)

Upgrades:

American Express (AXP): Janney Capital raised their rating from Neutral to Buy and placed a target price of $90.00 on the company. Pre-market: 84.25 +0.53 (0.63%)

Green Mountain Coffee (GMCR): Stifel raised their rating from Sell to Hold. Pre-market: 112.20 +31.32 (38.72%)

Mosaic (MOS): HSBC raised their rating from Underweight to Neutral. Pre-market: 45.25 +0.39 (0.87%)

Downgrades:

Diamond Offshore (DO): Iberia lowered their rating from Sector Perform to Underperform and placed a target price of $30.00 on the company. Pre-market: 47.25 +0.74 (1.59%)

Ford Motor Co. (F): Argus lowered their rating from Buy to Hold. Pre-market: 14.64 -0.09 (-0.61%)

Twitter (TWTR): Sterne Agee lowered their rating from Neutral to Underperform and placed a target price of $43.00 on the company. Pre-market: 50.71 -15.26 (-23.13%)

Twitter (TWTR): Atlantic Equities lowered their rating from Neutral to Underweight. Pre-market: 50.71 -15.26 (-23.13%)

Coverage Initiated:

Dow Chemical (DOW): BGC Financial initiated coverage with a Buy rating and target price of $55.00. Pre-market: 45.40 +0.55 (1.23%)

Earning Reports:

Advance Auto (AAP): Reported EPS of $0.94 beating estimates by +$0.13. Pre-market: 123.00 +12.25 (11.06%)

AOL (AOL): Reported EPS of $0.43 missing estimates by -$0.05. Pre-market: 49.49 +1.92 (4.04%)

Dunkin Brands (DNKN): Reported EPS of $0.43 beating estimates by +$0.03. Pre-market: 48.31 +1.01 (2.14%)

General Motors (GM): Reported EPS of $0.67 missing estimates by -$0.22. Pre-market: 34.57 -0.67 (-1.90%)

Kellogg (K): Reported EPS of $0.83 beating estimates by +$0.01. Pre-market: 57.00 -0.37 (-0.64%)

Snap-On (SNA): Reported EPS of $1.60 beating estimates by +$0.04.  

Sony (SNE): Reported EPS of $26.00 beating estimates by +$11.40.  Pre-market: 15.18 -0.72 (-4.53%)

Twitter (TWTR): Reported EPS of $0.02 beating estimates by +$0.03. Pre-market: 50.71 -15.26 (-23.13%)

Walt Disney (DIS): Reported EPS of $1.04 beating estimates by +$0.15. Pre-market: 74.65 +2.89 (4.03%)

Markets: 
Futures at 8:39: Dow +0.42%. S&P +0.42%. Nasdaq +0.52%. Crude +0.77% to $98.13. Gold +0.01% to $1257.20. U.S. 10 year -3/32 to 2.683%.

Europe: London +0.74%. Paris +0.48%. Frankfurt +0.42%.

Asia: Japan -0.18% to 14155. Hong Kong +0.72% to 21423. China closed. India +0.25% at 20311. 

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

Microsoft Paying Companies to Make Windows Phones

Microsoft Paying Companies to Make Windows Phones. Unconfirmed reports say that Microsoft (MSFT) will reportedly make $2.6B in "support" payments to Smartphone manufactures persuade them to make one Windows Phone each. Some may call it a bribe and others say it’s a sign that Microsoft has lost the mobile device wars. Samsung (SSNLF) will receive $1.2B, Sony (SNE) $500M, Huawei $600M and others will receive $300M. Pre-market: 36.69 -0.07 (-0.19%)

Upgrades:

AOL (AOL): CRT Capital raised their rating from Fair Value to Buy and placed a target price of $57.00 on the company. Pre-market: 48.25 +1.00 (2.11%)

Big Lots (BIG): Raymond James raised their rating from Underperform to Market Perform.

CSX Corp (CSX): Argus raised their rating from Hold to Buy and placed a target price of $35.00 on the company. Pre-market: 27.69 -1.54 (-5.27%)

Micron Tech (MU): JMP Securities raised their rating from Market Perform to Outperform and placed a target price of $31.00 on the company. Pre-market: 23.45 +0.12 (0.51%)

Downgrades:

CSX Corp (CSX): Stifel lowered their rating from Buy to Hold. Pre-market: 27.69 -1.54 (-5.27%)

Diageo PLC (DEO): JPMorgan lowered their rating from Overweight to Neutral. Pre-market: 129.23 -1.45 (-1.11%)

Dollar General (DG): ResearchTeam lowered their rating from Hold to Reduce.

EMC Corp (EMC): Monness Crespi lowered their rating from Buy to Neutral. Pre-market: 26.18 -0.11 (-0.42%)

Family Dollar (FDO): Raymond James lowered their rating from Market Perform to Underperform.

Kroger (KR): Credit Suisse lowered their rating from Outperform to Neutral and lowered their target price from $48.00 to $39.00.

Norfolk Southern (NSC): Stifel lowered their rating from Buy to Hold. Pre-market: 89.35 -1.81 (-1.99%)

Coverage Initiated:

Buffalo Wild Wings (BWLD): CLSA initiated coverage with an Outperform rating.

Twitter (TWTR): Telsey Advisory initiated coverage with a Not Rated rating and a target price of $70.00. Pre-market: 61.20 -0.37 (-0.60%)

Earning Reports:

BB&T Corp (BBT): Reported EPS of $0.75 beating estimates by +$0.03.

BlackRock (BLK): Reported EPS of $4.92 beating estimates by +$0.59. Pre-market: 324.26 +11.51 (3.68%)

Citigroup (C): Reported EPS of $0.82 missing estimates by -$0.16. Pre-market: 53.25 -1.74 (-3.16%)

Goldman Sachs (GS): Reported EPS of $4.60 beating estimates by +$0.42. Pre-market: 179.00 +0.25 (0.14%)

Huntington Banc (HBAN): Reported EPS of $0.18 beating estimates by +$0.01. Pre-market: 9.74 -0.16 (-1.62%)

PNC (PNC): Reported EPS of $1.85 beating estimates by +$0.22. Pre-market: 80.69 +1.85 (2.35%)

PPG Industries (PPG): Reported EPS of $1.81 beating estimates by +$0.08. Pre-market: 192.00 +1.30 (0.68%)

UnitedHealth (UNH): Reported EPS of $1.41 beating estimates by +$0.01. Pre-market: 73.00 -1.84 (-2.46%)

Markets: 
Futures at 8:00: Dow -0.10%. S&P -0.18%. Nasdaq -0.03%. Crude +0.28% to $94.42. Gold -0.09% to $1234.40. U.S. 10 Year +7/32 to 2.871%.

Europe: London +0.06%. Paris -0.19%. Frankfurt -0.22%. 

Asia: Japan -0.39% to 15747.2. Hong Kong +0.37% to 22986. China +0.02% at 2024. India -0.11% to 21265. 

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

Xbox One Enjoys Strong Sales.

Xbox One Enjoys Strong Sales. The release of Microsoft’s highly anticipated Xbox One on Friday enjoyed strong sales. Microsoft sold over 1 million Xbox One gaming systems within the first 24 hours. A week ago Sony (SNE) released their new PS4 gaming system to similar fanfare. Analysts estimate that each company will sell over 3 million units by the end of the year. MSFT Pre-market: 37.75 +0.18 (0.48%) SNE Pre-market: 18.46 +0.16 (0.87%)

Upgrades:

Alcoa (AA): Goldman Sachs raised their rating from Neutral to Buy and raised their target price from$8.00 to $11.00. Pre-market: 9.57 +0.33 (3.57%)

Finish Line (FINL): Sterne Agee raised their rating from Underperform to Neutral.

Finish Line (FINL): Susquehanna raised their rating from Neutral to Positive and raised their target price from $22.00 to $31.00.

Stryker Corp (SYK): Bernstein raised their rating from Market Perform to Outperform and raised their target price from $75.00 to $84.00. Pre-market: 75.49 +1.21 (1.63%)

Downgrades:

AOL (AOL): RBC Capital lowered their rating from Outperform to Sector Perform and maintained a target price of $46.00.

Campbell Soup (CPB): Goldman Sachs lowered their rating from Buy to Neutral and placed a target price of $42.00 on the company.

Clorox (CLX): Goldman Sachs lowered their rating from Neutral to Sell and placed a target price of $87.00 on the company.

Deere & Co. (DE): BMO Capital lowered their rating from Outperform to Market Perform and lowered their target price from $95.00 to $84.00.

Sprint (S): Pacific Crest lowered their rating from Outperform to Sector Perform. Pre-market: 7.74 -0.09 (-1.15%)

Time Warner Cable (TWC): Argus lowered their rating from Buy to Hold. Pre-market: 133.88 +0.96 (0.72%)

Coverage Initiated:

Burger King Worldwide (BKW): Goldman Sachs initiated coverage with a Buy rating and target price of $25.00. Pre-market: 20.95 +0.57 (2.80%)

Church & Dwight (CHD): Goldman Sachs initiated coverage with a Buy rating and target price of $73.00.

Praxair (PX): UBS initiated coverage with a Neutral rating and target price of $125.00.

Twitter (TWTR): Wells Fargo initiated coverage with a Market Perform rating and target range of $36.00-$39.00. Pre-market: 41.00 0.00 (0.00%)

Markets: 
Futures at 8:32: Dow +0.41%. S&P +0.33%. Nasdaq +0.37%. Crude -1.29% to $93.61. Gold -1.21% to $1229.20. U.S. 10 Year -6/32 2.767%.

Europe: London +0.33%. Paris +0.59%. Frankfurt +0.94%. 

Asia, Japan +1.54% to 15619. Hong Kong -0.05% to 23684. China -0.47% to 2186. India +1.92% to 20605. 

#RLPaler #WallStreet #PreMarket #WealthManagement#EarningReports #XboxOne #PS4

Morning Coffee Pre-Market Wall Street News

European Commission Lowers EU GDP Forecast. The European Commission has lowered its 2014 GDP forecast for the eurozone forecast to 1.1% from 1.2%. Germany, Belgium, Estonia and Ireland’s economy should grow in 2014. While they warned that Spain, Greece, Italy and Portugal will experience much weaker growth. Unemployment for the eurozone is expected to remain high at 12.2%. Inflation should remain low at 1.5%. The European Commission also expects that the eurozone's economy will shrink -0.4% this year.

Downgrades:

Blackberry (BBRY): CIBC lowered their rating from Sector Perform to Underperform and lowered their target price from $12.00 to $5.00. Pre-market: 6.61 +0.12 (1.77%)

Humana (HUM): Monness Crespi lowered their rating from Buy to Neutral. Pre-market: 94.00 -0.13 (-0.14%)

Kellogg (K): Deutsche Bank lowered their rating from Buy to Hold and lowered their target price from $68.00 to $65.00.

St Jude Medical (STJ): Bernstein lowered their rating from Outperform to Market Perform and placed a target price of $62.00 on the company. Pre-market: 57.01 -1.88 (-3.19%)

UnitedHealth (UNH): Monness Crespi lowered their rating from Buy to Neutral. Pre-market: 68.38 -0.57 (-0.83%)

Wellpoint (WLP): Monness Crespi lowered their rating from Buy to Neutral.

Coverage Initiated:

Twitter (TWTR): CRT Capital initiated coverage with a Buy rating and target price of $40.00.

Earning Reports:

AOL (AOL): Reported EPS of $0.55 beating estimates by +0.04. Pre-market: 40.38 +1.66 (4.29%)

Cognizant Tech (CTSH): Reported EPS of $1.13 beating estimates by +0.03. Pre-market: 90.30 +3.45 (3.97%)

CVS Caremark (CVS): Reported EPS of $1.09 beating estimates by +0.07. Pre-market: 63.15 +1.17 (1.89%)

Emerson (EMR): Reported EPS of $1.18 beating estimates by +0.07. Pre-market: 65.29 -2.08 (-3.09%)

Mosaic (MOS): Reported EPS of $0.51 missing estimates by -$0.04. Pre-market: 45.83 -0.90 (-1.93%)

Markets: 
Futures at 6:20: Dow -0.34%. S&P -0.28%. Nasdaq -0.35%. Crude -0.19% to $94.44. Gold +0.11% to $1316.00 U.S. 10 Year -6/32 2.631%. 

Europe: London -0.60%. Paris -1.13%. Frankfurt -0.61%. 

Asia, Japan +0.17% to 14225. Hong Kong -0.65% to 23039. China +0.35% to 2157. India -1.25% to 20975. 

#RLPaler #WallStreet #StockMarket #WealthManagement #EarningReports

Morning Coffee Pre-Market Wall Street News

Fed News Sends World Markets Higher. Yesterday the Federal Reserve unexpectedly announced that it would keep its monetary stimulus policy unchanged.  The news sent world stock markets and commodity prices higher. The Fed will maintain its asset purchase program of $85 billion a month instead of tapering off the program.  Economists have expected a $10 billion monthly reduction in the program.

Rick Paler President of RL Paler Investment Advisors, LLC said “The Fed news should help the stock market and lower mortgage rates going forward, but also indicates the Fed is still worried about the economy.”

Upgrades:

AOL (AOL): Topeka raised their rating from Hold to Buy and placed a target price of $43.00 on the company. Pre-market: 35.45 +1.08 (3.14%)

Diageo PLC (DEO): Bernstein raised their rating from Market Perform to Outperform. Pre-market: 134.07 +2.80 (2.13%)

Groupon (GRPN): Stifel raised their rating from Hold to Buy and placed a target price of $16.00 on the company. Pre-market: 12.02 +0.47 (4.07%)

Travelers Cos. (TRV): FBR Capital raised their rating from Market Perform to Outperform and raised their target price from $84.00 to $94.00.

Time Warner (TWX): Morgan Stanley raised their rating from Equal Weight to Overweight and raised their target price to $72.00. Pre-market: 64.35 +1.01 (1.59%)

Downgrades:

FedEx (FDX): Goldman Sachs lowered their rating from Buy to Neutral and lowered their target price from $116.00 to $112.00. Pre-market: 115.06 -1.19 (-1.02%)

Walt Disney (DIS): Morgan Stanley lowered their rating from Overweight to Equal Weight and lowered their target price to $70.00. Pre-market: 66.45 -0.66 (-0.98%)

Coverage Initiated:

Amazon.com (AMZN): CRT Capital initiated coverage with a Buy rating and target price of $350.00. Pre-market: 312.40 +0.37 (0.12%)

Cardinal Health (CAH): Sterne Agee initiated coverage with a Neutral rating and target price of $48.00.

Cisco Systems (CSCO): Credit Suisse initiated coverage with an Underperform rating and target price of $21.00. Pre-market: 24.56 -0.24 (-0.95%)

Google (GOOG): CRT Capital initiated coverage with a Buy rating and target price of $1090.00. Pre-market: 905.70 +2.38 (0.26%)

LinkedIn (LNKD): CRT Capital initiated coverage with a Buy rating and target price of $302.00. Pre-market: 252.00 +2.42 (0.97%)

Netflix (NFLX): CRT Capital initiated coverage with a Fair Value rating. Pre-market: 307.25 +0.33 (0.11%)

Oracle (ORCL): William Blair initiated coverage with a Market Perform rating. Pre-market: 33.66 -0.21 (-0.62%)

Quest Diagnostics (DGX): Craig-Hallum initiated coverage with a Buy rating and target price of $74.00.

Yahoo! (YHOO): CRT Capital initiated coverage with a Fair Value rating. Pre-market: 30.52 +0.09 (0.28%)

Zillow (Z): CRT Capital initiated coverage with a Fair Value rating.

Earning Reports:

ConAgra (CAG): Reported EPS of $0.37 in-line with estimates. Pre-market: 31.69 -0.38 (-1.18%)

Oracle (ORCL): Reported EPS of $0.59 beating estimates by +$0.03. Pre-market: 33.66 -0.21 (-0.62%)

Rite Aid (RAD): Reported EPS of $0.03 beating estimates by +$0.07. Pre-market: 4.17 +0.46 (12.40%)

Scholastic Corp (SCHL): Reported EPS of -0.90 missing estimates by -$0.28.

Steelcase (SCS): Reported EPS of $0.24 missing estimates by -$0.02.

Markets: 
Futures at 8:09: Dow +0.14%. S&P +0.21%. Nasdaq +0.23%. Crude +0.7% to $108.40. Gold +4.76% to $1369.70. U.S. 10 Year -3.32 2.704%.

Europe: London +1.40%. Paris +0.86%. Frankfurt +0.99%. 

Asia: Japan +1.80% to 14766. Hong Kong +1.67% to 23502. China, Closed. India +3.43% to 20607.