Twitter Share Lock-Up Expiring

Twitter Share Lock-Up Expiring. The first lock-up period after Twitter's (TWTR) successful IPO is due to expire tomorrow. This will allow non-executive employees, which hold 9.87M shares to sell their stock. The expiration of the lock-up period will increase the number of outstanding tradable shares by 12% to 90M. A second lock-up period will expire in May allowing another 474.7M shares to be eligible for sale. Pre-market: 57.03 +0.56 (0.99%)

Upgrades:

Exxon Mobil (XOM): ISI Group raised their rating from Neutral to Buy. Pre-market: 92.00 +0.57 (0.62%)

Starwood Hotels & Resorts (HOT): UBS raised their rating from Neutral to Buy and raised their target price from $75.00 to $85.00.

TreeHouse Foods (THS): Credit Suisse raised their rating from Underperform to Neutral and raised their target price from $67.00 to $70.00.

Downgrades:

Foster Wheeler (FWLT): Macquarie lowered their rating from Outperform to Neutral.

Foster Wheeler (FWLT): BB&T lowered their rating from Buy to Hold.

Mattel (MAT): Argus lowered their rating from Buy to Hold.

Snap-On Inc. (SNA): S&P lowered their rating from 4 Stars to 3 Stars.

Coverage Initiated:

Allscripts Healthcare (MDRX): RBC Capital initiated coverage with an Outperform rating and target price of $20.00.

WebMD Health (WBMD): RBC Capital initiated coverage with a Top Pick rating and target price of $70.00.

Earning Reports:

Campbell Soup (CPB): Reported EPS of $0.76 beating estimates by +$0.05. Pre-market: 42.50 +1.53 (3.73%)

DTE Energy (DTE): Reported EPS of $0.70 missing estimates by -$0.15.

Equifax (EFX): Reported EPS of $0.91 in-line with estimates.

Hyatt Hotels (H): Reported EPS of $0.32 beating estimates by +$0.12.

J.M. Smucker (SJM): Reported EPS of $1.66 missing estimates by -$0.02. Pre-market: 90.75 -4.39 (-4.61%)

Kraft Foods (KRFT): Reported EPS of $1.54 beating estimates by +$0.92. Pre-market: 54.00 +0.40 (0.74%)

TWR Automotive (TRW): Reported EPS of $1.84 beating estimates by +$0.18.

V.F. Corp (VFC): Reported EPS of $0.82 missing estimates by -$0.02. Pre-market: 55.70 -4.19 (-7.00%)

Markets: 
Futures at 8:09: Dow +0.03%. S&P 0.00%. Nasdaq +0.10%. Crude -0.24% to $100.11. Gold +1.28% to $1316.90. U.S. 10 Year 0/32 to 2.736%.

Europe: London +0.11%. Paris +0.46%. Frankfurt +0.58%. 

Asia: Japan -1.53% to 14313. Hong Kong +0.60% to 22298. China +0.83% to 2116. India +0.86% to 20367. 

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

King Obama Uses His Pen

King Obama Uses His Pen. During the State of the Union speech President Obama said that “We’re not just going to be waiting for legislation, or plans, or any logical idea of what will actually result in order to make sure that we’re providing Americans the kind of help I’ve decided they need,” He went on to say “I’ve got a pen, I’ve got paper, scotch tape, a fax machine, a copier, a phone, and a whole box of those binder clips.”  Working around Congress the President used his pen and changed his Obamacare law once again. The latest law change will delay the part of Obamacare, saying that businesses with 50-99 full-time workers won't have to provide health insurance to their workers until 2016. Which analysts say is a political move designed to put off the requirement until after the election. Larger companies will have to cover at least 70% of employees by 2015 and 95% buy 2016. The original law states that companies had to offer health coverage this year.

Upgrades:

Allscripts (MDRX): Maxim raised their rating from Hold to Buy and placed a target price of $20.00 on the company.

Eastman Chemical (EMN): ResearchTeam lowered their rating from Reduce to Hold.

Ralph Lauren (RL): Atlantic Equities raised their rating from Neutral to Overweight and placed a target price of $187.00 on the company.

Tata Motors (TTM): Nomura raised their rating from Neutral to Buy. Pre-market: 30.14 -0.48 (-1.57%)

Downgrades:

CVS Caremark (CVS): ResearchTeam lowered their rating from Hold to Reduce. Pre-market: 68.29 +1.35 (2.02%)

KB Homes (KBH): Raymond James lowered their rating from Market Perform to Underperform. Pre-market: 18.57 -0.31 (-1.64%)

Lennar (LEN): Raymond James lowered their rating from Outperform to Strong Buy and placed a target price of $46.00 on the company. Pre-market: 40.64 -0.25 (-0.61%)

United States Steel (X): Citigroup lowered their rating from Neutral to Sell and lowered their target price from $28.00 to $23.00.

Coverage Initiated:

AT&T (T): Drexel Hamilton initiated coverage with a Buy rating and target price of $40.00. Pre-market: 32.60 +0.16 (0.49%)

Thermo Fisher (TMO): JPMorgan initiated coverage with an Overweight rating and target price of $135.00.

Earning Reports:

CVS Caremark (CVS): Reported EPS of $1.12 beating estimates by +$0.01. Pre-market: 68.29 +1.35 (2.02%)

Dean Foods (DF): Reported EPS of $0.18 missing estimates by -$0.01. Pre-market: 13.40 -1.80 (-11.84%)

Health Net (HNT): Reported EPS of $0.24 missing estimates by -$0.04. Pre-market: 33.50 +0.75 (2.29%)

Marsh McLennan (MMC): Reported EPS of $0.54 missing estimates by -$0.02.

Mosaic (MOS): Reported EPS of $0.36 missing estimates by -$0.06. Pre-market: 47.35 +0.53 (1.13%)

Reynolds American (RAI): Reported EPS of $0.77 missing estimates by -$0.04. Pre-market: 48.50 -0.31 (-0.64%)

Sprint (S): Reported EPS of -$0.26 beating estimates by +$0.07. Pre-market: 8.25 +0.56 (7.28%)

Markets: 
Futures at 8:17: Dow +0.40%. S&P +0.36%. Nasdaq +0.43%. Crude +0.14% to $100.20. Gold +0.93% to $1286.50. U.S. 10 Year -8/32 to 2.70%.

Europe: London +0.83%. Paris +0.63%. Frankfurt +1.48%. 

Asia: Japan closed. Hong Kong +1.78% to 21963. China +0.84% to 2104. India +0.14% to 20363. 

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

Blain and Gate Capital Look to Buy Compuware.

Blain and Gate Capital Look to Buy Compuware. Private equity firms Bain Capital and Golden Gate Capital are reportedly in talks to acquire software provider Compuware (CPWR). The firms have already agreed to acquire BMC Software (BMC) in May.  

Upgrades:

Kraft Foods (KRFT): Morgan Stanley raised their rating from Equal Weight to Overweight placed a target price of $60.00 on the company. Pre-market: 54.59 +1.04 (1.94%)

Mohawk Industries (MHK): Credit Suisse raised their rating from Neutral to Outperform and raised their target price from $142.00 to $166.00. Pre-market: 140.00 +1.05 (0.76%)

Valero Energy (VLO): JPMorgan raised their rating from Underweight to Neutral and raised their target price from $34.00 to $44.00. Pre-market: 47.50 +0.92 (1.98%)

Downgrades:

Ingersoll-Rand (IR): MKM Partners lowered their rating from Buy to Neutral and placed a target price of $58.00 on the company. Pre-market: 56.30 -0.39 (-0.69%)

Noble Energy (NBL): Deutsche Bank lowered their rating from Buy to Hold and lowered their target price from $82.00 to $75.00. Pre-market: 68.80 -0.70 (-1.01%)

Coverage Initiated:

Allscripts Healthcare (MDRX): JPMorgan initiated coverage with an Overweight rating and target price of $18.00.

American Airlines (AAL):CRT Capital initiated coverage with a Buy rating and target price of $31.00.

Archer Daniels Midland (ADM): Credit Suisse initiated coverage with a Neutral rating and target price of $44.00.

Masco (MAS): Credit Suisse initiated coverage with an Outperform rating and target price of $25.00. Pre-market: 21.55 -0.09 (-0.42%)

Masco (MAS): Goldman Sachs initiated coverage with a Sell rating and target price of $29.50. Pre-market: 21.55 -0.09 (-0.42%)

Stanley Black & Decker (SWK): Credit Suisse initiated coverage with a Neutral rating and target price of $71.00.

TJX Cos. (TJX): Atlantic Equities initiated coverage with an Overweight rating and target price of $75.00. Pre-market: 62.73 +0.39 (0.63%)

Markets: 
Futures at 6:20: Dow +0.04%. S&P +0.11%. Nasdaq +0.10%. Crude +0.05% to $97.70. Gold +0.08% to $1230.20. U.S. 10 Year +4/32 2.842%.

Europe: London -0.07%. Paris -0.16%. Frankfurt +0.38%. 

Asia: Japan +2.69% to 15650. Hong Kong +0.29% to 23811. China +0.05% to 2,238. India +1.57% to 21286.

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

Berkshire Hathaway Buys Exxon Mobil

Berkshire Hathaway Buys Exxon Mobil. Berkshire Hathaway (BRK.A / BRK.B) has bought 40.1 million shares of Exxon Mobil (XOM). The purchase makes Warren Buffett’s company the 6^th largest shareholder of Exxon. During the third quarter he also added to his position in the Bank of New York Mellon (BK), DaVita HealthCare Partners (DVA), Suncor Energy (SU), U.S. Bancorp (USB) and VeriSign (VRSN). During the quarter he also lowered his holdings in ConocoPhillips (COP), DirecTV (DTV), GlaxoSmithKline (GSK) and Sanofi (SNY). Pre-market: 115.60 -0.09 (-0.08%)

Upgrades:

Allscripts Healthcare Solutions (MDRX): Leerink raised their rating from Market Perform to Outperform and raised their target price from $16.00 to $18.00.

Ball Corp (BLL): BofA Merrill Lynch raised their rating from Neutral to Buy and raised their target price from $49.00 to $56.00.

Downgrades:

BlackBerry (BBRY): Macquarie lowered their rating from Neutral to Underperform and lowered their target price from $7.00 to $5.50.

Kellogg Co. (K): Barclays lowered their rating from Equal Weight to Underweight.

Kolh’s (KSS): BMO Capital lowered their rating from Outperform to Market Perform and lowered their target price from $66.00 to $55.00.

W.W. Grainger (GWW): Raymond James lowered their rating from Outperform to Market Perform.

Coverage Initiated:

Guess? (GES): Mizuho initiated coverage with a Neutral rating and target price of $30.00.

Twitter (TWTR): UBS initiated coverage with a Neutral rating and target price of $45.00.

Yelp (YELP): Janney Capital initiated coverage with a Neutral rating and target price of $70.00.

Earning Reports:

Agilent (A): Reported EPS of $0.81 beating estimates by +$0.05. Pre-market: 54.00 +3.46 (6.85%)

Applied Materials (AMAT): Reported EPS of $0.19 beating estimates by +$0.01. Pre-market: 17.65 +0.09 (0.51%)

Nordstrom (JWN): Reported EPS of $0.69 beating estimates by +$0.03. Pre-market: 62.70 -0.73 (-1.15%)

Maximus (MMS): Reported EPS of $0.51 beating estimates by +$0.01.

Markets: 
Futures at 8:01: Dow +0.20%. S&P +0.20%. Nasdaq +0.13%. Crude +0.37% to $94.10. Gold -0.01% to $1286.20. U.S. 10 Year -3/32 2.701%.

Europe: London +0.32%. Paris +0.25%. Frankfurt +0.25%. 

Asia: Japan +1.95% to 15166. Hong Kong +1.69% to 23032. China +1.68% to 2136. India closed. 

#RLPaler #WallStreet #PreMarket #WealthManagement #EarningReports #AnalystsRatings #WarrenBuffett #BerkshireHathaway #ExxonMobil