Tesla Gives Mixed Quarterly Results

Tesla Gives Mixed Quarterly Results. Tesla Motors' (TSLA) reported that the electric car company’s losses narrowed to $16.3M in Q4 from $89.9M a year earlier. Revenue at the company rose 101% to $615.29M, but missed Wall Street estimates. Adjusted EPS came in at $0.33 beating estimates by $0.12. Tesla also gave an optimistic outlook for production and deliveries, especially overseas and China. Pre-market: 216.20 +22.56 (11.65%)

Upgrades:

Barrick Gold (ABX): RBC Capital raised their rating from Sector Perform to Outperform and raised their target price from $24.00 to $28.00.

Thermo Fisher (TMO): Goldman Sachs raised their rating from Neutral to Buy and raised their target price from $114.00 to $153.00.

Downgrades:

Adidas (ADDYY): HSBC lowered their rating from Overweight to Neutral.

Facebook (FB): Pivotal Research lowered their rating from Buy to Hold.

Facebook (FB): Evercore lowered their rating from Overweight to Equal Weight.

Fresh Market (TFM): Deutsche Bank lowered their rating from Buy to Hold and lowered their target price from $48.00 to $34.00.

magicJack (CALL): Oppenheimer lowered their rating from Outperform to Perform.

Tesla (TSLA): Deutsche Bank lowered their rating from Buy to Hold and lowered their target price from $220.00 to $200.00. Pre-market: 216.20 +22.56 (11.65%)

Zale Corp (ZLC): Northcoast lowered their rating from Buy to Neutral.

Coverage Initiated:

Boeing (BA): Drexel Hamilton initiated coverage with a Hold rating.

Caterpillar (CAT): Deutsche Bank initiated coverage with a Buy rating and target price of $122.00.

Deere (DE): Deutsche Bank initiated coverage with a Buy rating and target price of $110.00.

Joy Global (JOY): Deutsche Bank initiated coverage with a Hold rating and target price of $55.00.

Earning Reports:

Dana Holding (DAN): Reported EPS of $0.49 beating estimates by +$0.04.

DIRECTV (DTV): Reported EPS of $1.53 beating estimates by +$0.23. Pre-market: 74.25 +1.31 (1.80%)

Ensco (ESV): Reported EPS of $1.56 missing estimates by -$0.03. Pre-market: 51.00 -0.68 (-1.32%)

Federal-Mogul (FDML): Reported EPS of -$0.13 missing estimates by -$0.34.

Hormel Foods (HRL): Reported EPS of $0.57 missing estimates by -$0.01. Pre-market: 45.20 -0.11 (-0.24%)

Patterson Companies (PDCO): Reported EPS of $0.57 in-line with estimates.

Tesla Motors (TSLA): Reported EPS of $0.33 beating estimates by +$0.12. Pre-market: 216.20 +22.56 (11.65%)

Wal-Mart (WMT): Reported EPS of $1.60 beating estimates by +$0.01. Pre-market: 72.90 -1.95 (-2.61%)

Markets: 
Futures at 8:45: Dow -0.16%. S&P -0.18%. Nasdaq -0.27%. Crude -0.25% to $103.05. Gold -0.39% to $1315.60. U.S. 10 Year 0/32 to 2.739%.

Europe: London -0.36%. Paris -0.35%. Frankfurt -1.23%.

Asia: Japan -2.15% to 14449. Hong Kong -1.19% to 22394. China -0.18% to 2139. 

#TopWealthManager #RLPaler #AnalystsRatings #EarningReports #WallStreet #FinancialPlaner 

President Obama Will Act Alone

President Obama Will Act Alone. During last night’s State of the Union speech President Obama said that he would use his executive power to implement his economic and other policies, while highlighting the gap between the rich and poor that has widened during his administration. President Obama announced a dozen proposals including raising the minimum wage to $10.10 an hour for future federal contract workers that would affect about 560,000 people.  Additionally, some analysts believe he will also attempt to use his executive power to act on immigration reform and gun control, two hot buttons with American’s that many constitutional scholars say would be unconstitutional and illegal. During his speech the President also said he plans to create a government-coordinated retirement savings program that would provide a guaranteed return, but not additional specific are available at this time.

Upgrades:

CIT Group (CIT): Buckingham raised their rating from Neutral to Buy and placed a target price of $54.00 on the company.

VMware (VMW): Raymond James raised their rating from Outperform to Strong Buy and placed a target price of $109.00 on the company. Pre-market: 94.00 -0.94 (-0.99%)

Wal-Mart (WMT): Credit Suisse raised their rating from Neutral to Outperform and raised their target price from $80.00 to $87.00. Pre-market: 74.81 +0.14 (0.19%)

Downgrades:

WellPoint (WLP): Monness Crespi lowered their rating from Neutral to Sell. Pre-market: 81.60 -2.70 (-3.20%)

Yahoo! (YHOO): Gabelli lowered their rating from Buy to Hold. Pre-market: 35.90 -2.32 (-6.07%)

Earning Reports:

Amgen (AMGN): Reported EPS of $1.82 beating estimates by +0.14. Pre-market: 117.09 -3.61 (-2.99%)

AT&T (T): Reported EPS of $0.53 beating estimates by +0.03. Pre-market: 32.77 -0.93 (-2.76%)

Boeing (BA): Reported EPS of $1.88 beating estimates by +0.31. Pre-market: 131.75 -5.34 (-3.90%)

Cirrus Logic (CRUS): Reported EPS of $0.89 beating estimates by +0.12. Pre-market: 17.50 -1.24 (-6.62%)

Dow Chemical (DOW): Reported EPS of $0.65 beating estimates by +0.22.

EMC (EMC): Reported EPS of $0.60 beating estimates by +0.01. Pre-market: 25.50 +0.12 (0.47%)

Jetblue Airways (JBLU): Reported EPS of $0.14 beating estimates by +0.01. Pre-market: 8.74 0.00 (0.00%)

Novartis AG (NVS): Reported EPS of $1.20 beating estimates by +0.01. Pre-market: 78.94 -0.62 (-0.78%)

Phillips 66 (PSX): Reported EPS of $1.34 beating estimates by +0.24. Pre-market: 73.00 -2.08 (-2.77%)

VMware (VMW): Reported EPS of $1.01 beating estimates by +$0.01. Pre-market: 94.00 -0.94 (-0.99%)

WellPoint (WLP): Reported EPS of $0.87 in-line with estimates. Pre-market: 81.60 -2.70 (-3.20%)

Yahoo! (YHOO): Reported EPS of $0.46 beating estimates by +0.08. Pre-market: 35.90 -2.32 (-6.07%)

Markets:
Futures at 8:33: Dow -0.49%. S&P -0.45%. Nasdaq -0.46%. Crude -0.15% to $97.27. Gold +1.02% to $1263.70. U.S. 10 Year +10/32 to 2.724%.

Europe: London -0.51%. Paris -0.86%. Frankfurt -0.48%.

Asia: Japan +2.70% to 15384. Hong Kong +0.82% to 22142. China +0.56% to 2050. India -0.18% to 20647.

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

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

Apple Beat EPS Estimates. Apple (AAPL) reported FQ3 earnings that beat Wall Street expectations. EPS was report at $7.47, but net profit dropped to $6.9B from $8.8B, while revenue increased 1% to $35.3B. The company said that iPhone sales came in at 31.2M, up 20% from a year earlier. Gross margins fell along with sales in Europe and China.  iPad sales came in at 14.6M disappointing analysts. Some on Wall Street are pointing to the falling margins being a direct result of competition from Google’s (GOOG) Android based devices. Pre-market: 439.24 +20.25 (4.83%)

Upgrades:

Apple (AAPL): BMO Capital raised their rating from Market Perform to Outperform and maintained their target price of $480.00.

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

Forest Labs (FRX): Susquehanna raised their rating from Negative to Neutral and raised their target price from $30.00 to $40.00.

VMware (VMW): Nomura raised their rating from Neutral to Buy.

VMware (VMW): Raymond James raised their rating from Market Perform to Outperform.

Wendy’s (WEN): Goldman Sachs raised their rating from Sell to Neutral and raised their target price from $5.00 to $7.50.

Downgrades:

Arch Coal (ACI): Tudor Pickering lowered their rating from Buy to Accumulate.

Broadcom (BRCM): B. Riley lowered their rating from Buy to Neutral.

Broadcom (BRCM): BMO Capital lowered their rating from Outperform to Market Perform.

Broadcom (BRCM): Credit Suisse lowered their rating from Outperform to Neutral and lowered their target price from $45.00 to $32.00.

Broadcom (BRCM): RBC Capital lowered their rating from Outperform to Sector Perform.

Broadcom (BRCM): Mizuho lowered their rating from Buy to Neutral.

Broadcom (BRCM): William Blair lowered their rating from Outperform to Market Perform.

Broadcom (BRCM): Citigroup lowered their rating from Buy to Neutral.

DISH Network (DISH): Wunderlich lowered their rating from Buy to Hold and lowered their target price from $50.00 to $42.00.

Norfolk Southern (NSC): Bank of America Merrill Lynch lowered their rating from Neutral to Underperform and lowered their target price from $81.00 to $74.00.

Starwood Hotels (HOT): UBS lowered their rating from Buy to Neutral and maintained their target price of $71.00.

Coverage Initiated:

Costco (COST): Williams Capital initiated coverage with a Buy rating.

Earning Reports:

Apple (AAPL): Reported EPS of $7.47 beating estimates by +$0.19. Pre-market: 439.24 +20.25 (4.83%)

AT&T (T): Reported EPS of $0.67 missing estimates by -0.01. Pre-market: 35.35 -0.46 (-1.28%)

Boeing (BA): Reported EPS of $1.67 beating estimates by +$0.11. Pre-market: 109.15 +1.36 (1.26%)

Broadcom (BRCM): Reported EPS of $0.70 beating estimates by +$0.01.

Caterpillar (CAT): Reported EPS of $1.45 missing estimates by -0.25. Pre-market: 84.42 -1.10 (-1.29%)

Ford Motor (F): Reported EPS of $0.45 beating estimates by +$0.08.

General Dynamics (GD): Reported EPS of $1.81 beating estimates by +$0.19.

GlaxoSmithKline (GSK): Reported EPS of $0.26 in-line with estimates.

Intl Gaming Tech (IGT): Reported EPS of $0.33 beating estimates by +$0.02. Pre-market: 17.97 -0.33 (-1.80%)

Northrop Grumman (NOC): Reported EPS of $2.05 beating estimates by +$0.34.

Omnicare (OCR): Reported EPS of $0.90 beating estimates by +$0.03.

PepsiCo (PEP): Reported EPS of $1.31 beating estimates by +$0.12.

VMware (VMW): Reported EPS of $0.79 beating estimates by +$0.02. Pre-market: 80.69 +9.41 (13.20%)

Markets: 
Futures at 8:38: Dow +0.23%. S&P +0.28%. Nasdaq +1.01%. Crude -0.39% to $106.81. Gold +0.05% to $1334.90. 10 Year -21/32 2.590%

Europe: London -0.39%. Paris -0.43%. Frankfurt -0.20%. 

Asia: Japan -0.76% to 14731. Hong Kong +0.28% to 21969. China -1.27% to 2018. India -0.48% to 20,205.