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

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

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

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

Govt. Set to Shut Down. The U.S. federal government is set to shut down tonight after midnight if a funding agreement is not worked out. Republican-led House passed a measure to fund the government that included a one-year delay to the individual mandate to Obamacare.  It also repealed the tax on medical devices. Businesses have already received the one-year delay. The Democrat-led Senate is due to meet today at 2 pm and they are expected to reject the House funding measures.

Upgrades:

Accenture (ACN): Societe Generale raised their rating from Sell to Hold and raised their target price from $70.00 to $75.00.

BlackBerry (BBRY): Bernstein raised their rating from Underperform to Market Perform and placed a target price of $7.00 on the company. Pre-market: 7.93 -0.10 (-1.25%)

CIT Group (CIT): Janney Capital raised their rating from Neutral to Buy and raised their target price from $52.00 to $58.00.

Colgate-Palmolive (CL): Morgan Stanley raised their rating from Equal Weight to Overweight and placed a target price of $68.00 on the company.

JM Smucker (SJM): Citigroup raised their rating from Neutral to Buy and raised their target price from $115.00 to $119.00.

Marathon Oil (MRO): Argus raised their rating from Hold to Buy and placed a target price of $42.00 on the company. Pre-market: 34.70 -0.20 (-0.57%)

Xilinx (XLNX): Pacific Crest raised their rating from Sector Perform to Outperform and placed a target price of $55.00 on the company. Pre-market: 46.24 -0.30 (-0.64%)

Downgrades:

J. C. Penney (JCP): Maxim Group lowered their rating from Buy to Hold. Pre-market: 8.79 -0.26 (-2.87%)

Earning Reports:

Cal-Maine Foods (CALM): Reported EPS of $0.36 missing estimates by -$0.13.

Omnova Solutions (OMN): Reported EPS of $0.19 missing estimates by -$0.03.

Markets: 
Futures at 6:20: Dow -0.84%. S&P -0.90%. Nasdaq -0.65%. Crude -1.22% to $101.59. Gold -0.46% to $1332.70. U.S. 10 Year +4/32 2.613%. 

Europe: London -0.81%. Paris -1.1%. Frankfurt -0.91%. 

Asia: Japan -2.06% to 14455.8. Hong Kong -1.50% to 22860. China +0.68% to 2175. India -1.76% to 19,380.