Gunman Storm Buildings in Ukraine

Gunman Storm Buildings in Ukraine. In Ukraine’s Crimea region gunmen stormed government buildings replacing the Ukrainian flag with the Russian flag. Ukraine’s provisional government said they are taking measures “to counter extremist actions.” Russia has a naval base in the area and Ukrainian authorities have also warned Russian troops to stay on their base. This comes after Russian troops staged military drills along Ukraine’s boarder in a show of force yesterday. Reports also indicate that the Russian government has given protection to deposed Ukraine President Viktor Yanukovych.

Upgrades:

JCPenney (JCP): Wells Fargo raised their rating from Underperform to Market Perform and raised their target range from $4.00-$5.00 to $6.00-$7.00. Pre-market: 7.35 +1.39 (23.32%)

Molson Coors Brewing (TAP): First Call raised their rating from Hold to Buy.

Sony Corp. (SNE): Citigroup raised their rating from Neutral to Buy.

Downgrades:

Baidu (BIDU): Morgan Stanley lowered their rating from Overweight to Equal Weight and lowered their target price from $185.40 to $179.50. Pre-market: 175.38 +2.48 (1.43%)

Clean Harbors (CLH): Wedbush lowered their rating from Outperform to Neutral and lowered their target price from $74.00 to $50.00. Pre-market: 45.91 -0.17 (-0.37%)

Western Union (WU): SunTrust lowered their rating from Neutral to Reduce and lowered their target price from $15.00 to $13.00.

Coverage Initiated:

Microsoft (MSFT): B. Riley initiated coverage with a Neutral rating and target price of $39.00.

Oracle (ORCL): B. Riley initiated coverage with a Buy rating and target price of $48.00.

Ross Stores (ROST): Wedbush initiated coverage with an Outperform rating and target price of $83.00.

SAP AG (SAP): B. Riley initiated coverage with a Neutral.

Textron (TXT): Jeffries initiated coverage with a Buy rating and target price of $46.00.

TJX Cos. (TJX): Wedbush initiated coverage with a Neutral rating and target price of $63.00.

Earning Reports:

Best Buy (BBY): Reported EPS of $1.24 beating estimates by +$0.23. Pre-market: 27.69 +1.87 (7.24%)

Dynegy (DYN): Reported EPS of -$3.56 missing estimates by -$4.31.

Foster Wheeler (FWLT): Reported EPS of $0.47 beating estimates by +$0.07. Pre-market: 32.60 +0.68 (2.13%)

Kohl's (KSS): Reported EPS of $1.56 beating estimates by +$0.01. Pre-market: 55.10 +0.66 (1.21%)

Sears Holdings (SHLD):  Reported EPS of -$3.37 missing estimates by -$1.77. Pre-market: 42.60 +2.20 (5.45%)

Wendy’s (WEN): Reported EPS of $0.11 beating estimates by +$0.01. Pre-market: 10.09 -0.10 (-0.98%)

Markets: 
Futures at 8:47: Dow 0.0%. S&P -0.03%. Nasdaq +0.14%. Crude -0.11% to $102.48. Gold +0.26% to $1331.40. U.S. 10 Year +2/32 to 2.658%.

Europe: London -0.24%. Paris -0.36%. Frankfurt -1.01%. 

Asia: Japan -0.32% to 14923. Hong Kong +1.74% to 22830. China +0.30% to 2047. India closed. 

#TopWealthManager #RLPaler #WallStreet #AnalystsRatings #EarningReports  #FinancialPlanning #RIA 

Employment Data Stuns Wall Street.

Employment Data Stuns Wall Street. The U.S. employment data for December was released this morning and the results stunned Wall Street. Wall Street economists had estimated that the economy would generate 196,000 new jobs down from Novembers 203,000 jobs. The actual results can in far less, at a terrible 74,000. The unemployment rate fell to 6.7% down from 7%, but analysts say that the decline was due to people giving up on looking for work. The latest data is giving more ammo to those who believe that President Obama’s economic policies are deeply flawed.

Upgrades:

Abercrombie & Fitch (ANF): Janney Capital raised their rating from Neutral to Buy and placed a target price of $49.00 on the company.

Baidu (BIDU): Maxium raised their rating from Hold to Buy and placed a target price of $200.00 on the company.

Macy’s (M): Goldman Sachs raised their rating from Neutral to Buy and raised their target price from $54.00 to $65.00.

Downgrades:

Baker Hughes (BHI): Iberia lowered their rating from Outperform to Sector Perform.

Fossil Group (FOSL): KeyBanc lowered their rating from Hold to Underweight and placed a target price of $100.00 on the company.

Pacific Sunwear (PSUN): Janney Capital lowered their rating from Buy to Neutral.

Pfizer (PFE): Cowen lowered their rating from Outperform to Market Perform.

Schlumberger (SLB): Iberia lowered their rating from Outperform to Sector Perform.

Total SA (TOT): BNP Paribas lowered their rating from Outperform to Neutral.

Whole Foods Market (WWFM): Cleveland Research lowered their rating from Buy to Neutral.

Coverage Initiated:

Micron Tech (MU): Argus initiated coverage with a Buy rating and target price of $31.00.

Precision Cast Parts (PCP): Cleveland Research initiated coverage with a Buy rating and target price of $320.00.

TRW Automotive (TRW): FBR Capital initiated coverage with a Market Perform rating and target price of $75.00.

Visteon (VC): FBR Capital initiated coverage with an Outperform rating and target price of $100.00.

Earning Reports:

Alcoa (AA): Reported EPS of $0.04 missing estimates by -$0.02.

Barracuda Networks (CUDA): Reported EPS of $0.01 beating estimates by +$0.01.

Helen of Troy (HELE): Reported EPS of $1.16 beating estimates by +$0.07.

Infosys (INFY): Reported EPS of $50.32 beating estimates by +3.58.

PriceSmart (PSMT): Reported EPS of $0.71 missing estimates by -$0.03.

Markets: 
Futures at 8:57: Dow +0.20%. S&P +0.07%. Nasdaq +0.24%. Crude +1.64% to $93.18. Gold +0.78% to $1239.20. U.S. 10 Year +17/32 to 2.905%.

Europe: London +0.90%. Paris +0.69%. Frankfurt +0.70%. 

Asia: Japan +0.20% to 15912. Hong Kong +0.26% to 22846. China -0.71% to 2013. India +0.22% to 20758. 

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

Morning Coffee Pre-Market Wall Street News

Celgene’s Arthritis Drug Gets Positive Results. After a year log study Celgene's (CELG) new drug Apremilast saw lasting reductions in the signs and symptoms of psoriatic arthritis. The FDA should make a decision in March on the sale of the drug.  Wall Street estimates for the sales of Apremilast range from $475M-1.5B over the next few years. Pre-market: 156.32 +0.58 (0.37%)

Upgrades:

Bristol Myers Squibb (BMY): Morgan Stanley raised their rating from Equal Weight to Overweight and raised their target price from $45.00 to $60.00. Pre-market: 50.15 +1.38 (2.83%)

T. Rowe Price (TROW): UBS raised their rating from Neutral to Buy and raised their target price from $77.00 to $90.00. Pre-market: 76.43 +0.68 (0.90%)

Downgrades:

Baidu (BIDU): BNP Paribas lowered their rating from Buy to Hold and lowered their target price from $168.00 to $145.00. Pre-market: 157.31 -2.05 (-1.29%)

Boeing (BA): Buckingham lowered their rating from Buy to Neutral and lowered their target price from $142.00 to $136.00. Pre-market: 129.75 -1.44 (-1.10%)

Owens Corning (OC): KeyBanc lowered their rating from Buy to Hold. Pre-market: 36.51 -1.29 (-3.41%)

Transocean (RIG): Goldman Sachs lowered their rating from Neutral to Sell and lowered their target price from $53.00 to $50.00. Pre-market: 49.08 -0.42 (-0.85%)

Coverage Initiated:

Bally Technologies (BYI): Citigroup initiated coverage with a Neutral rating and target price of $77.50.

International Game Technology (IGT): Citigroup initiated coverage with a Buy rating and target price of $23.50. Pre-market: 18.68 0.00 (0.00%)

Earning Reports:

Biogen Idec (BIIB): Reported EPS of $2.35 beating estimates by +$0.25. Pre-market: 259.47 +7.21 (2.86%)

Burger King (BKW): Reported EPS of $0.23 beating estimates by +$0.02. Pre-market: 20.30 +0.54 (2.73%)

Kirby (KEX): Reported EPS of $1.21 beating estimates by +$0.09.

Lowes Corp (L): Reported EPS of $0.73 missing estimates by -$0.05. Pre-market: 50.99 +2.18 (4.47%)

Merck (MRK): Reported EPS of $0.92 beating estimates by +$0.04. Pre-market: 45.47 -1.07 (-2.30%)

Markets: 

Futures at 6:20: Dow +0.2%. S&P +0.25%. Nasdaq +0.4%. Crude +0.05% to $97.90. Gold 0.0% at $1352.70. U.S. 10 Year -1/32 2.518%

Europe: London +0.1%. Paris -0.3%. Frankfurt +0.1%. 

Asia: Japan +2.2% to 14396. Hong Kong +0.5% to 22807. China +0.04% at 2134. India -0.4% at 20595. 

Morning Coffee Pre-Market Wall Street News

Consumer Spending Misses Estimates. The Commerce Department reported that personal spending for July rose 0.1% missing Wall Street economists’ estimates. Wall Street had expected personal spending to rise 0.3%. June’s numbers where revised higher to 0.6% from 0.5%. Personal income for July rose 0.1% in-line with estimates, but down from the prior months 0.3% reading. Consumer spending accounts for 70% of the economy. Job growth and wage gains are needed as interest rates on mortgages and home prices continue to rise.  If not, this could cause consumers to stop spending and detail to housing recovery.

Upgrades:

Apache Corp (APA): RBC Capital raised their rating from Sector Perform to Outperform and raised their target price from $93.00 to $99.00.

Deutsche Bank (DB): JPMorgan raised their rating from Neutral to Overweight.

Intel (INTC): Argus raised their rating from Hold to Buy and placed a target price of $28.00 on the company.

Downgrades:

Joy Global (JOY): BB&T lowered their rating from Buy to Hold.

OmniVision (OVTI): Northland Securities lowered their rating from Outperform to Market Perform.

OmniVision (OVTI): Craig-Hallum lowered their rating from Buy to Hold and lowered their target price from $24.00 to $18.00.

OmniVision (OVTI): Oppenheimer lowered their rating from Outperform to Perform.

Staples (SPLS): JPMorgan lowered their rating from Overweight to Neutral and lowered their target price from $17.00 to $15.00.

Vodafone (VOD): RW Baird lowered their rating from Outperform to Neutral. Pre-market: 32.03 +0.23 (0.72%)

Coverage Initiated:

Baidu (BIDU): JPMorgan initiated coverage with an Overweight rating and raised their target price from $115.00 to $165.00.

Earning Reports:

bebe Stores (BEBE): Reported EPS of -$0.14 missing estimates by -$0.01.

Big Lots (BIG): Reported EPS of $0.31 beating estimates by +$0.07. Pre-market: 35.35 +0.71 (2.05%)

Krispy Kreme (KKD): d EPS of -$0.14 missing estimates by -$0.02. Pre-market: 20.82 -2.41 (-10.37%)

OmniVision (OVTI): Reported EPS of $0.55 beating estimates by +$0.12. Pre-market: 16.17 -2.24 (-12.17%)

Pacific Sunwear (PSUN): Reported EPS of $0.02 beating estimates by +$0.02. Pre-market: 3.69 -0.23 (-5.87%)

Salesforce.com (CRM): Reported EPS of $0.09 beating estimates by +$0.02. Pre-market: 47.50 +3.85 (8.82%)

Yingli Green Energy (YGE): Reported EPS of -$0.33 in-line with estimates. Pre-market: 4.36 +0.16 (3.81%)

Markets: 
Futures at 8:07: Dow +0.11%. S&P +0.18%. Nasdaq +0.26%. Crude -0.87% to $107.83. Gold -1.12% to $1396.90. U.S. 10 Year -1/32 2.766%

Europe: London -0.45%. Paris -0.76%. Frankfurt -0.71%. 

Asia: Japan -0.53% to 13389. Hong Kong +0.12% to 21731. China +0.05% to 2098. India +1.19% to 18612.