Google to Sell Motorola

Google to Sell Motorola. After buying cell phone manufacturer Motorola two years ago Google (GOOG) is selling it. Lenovo will purchase the smartphone maker for $2.91 billion. In the agreement Google will keep the "vast majority" of Motorola's IP. The sale will also remove a point of contention between other companies that build smatphones using Google’s Android operating system.  (GOOG): Pre-market: 1,135.00 +28.08 (2.54%)

Upgrades:

Baker Hughes (BHI): Argus raised their rating from Hold to Buy and placed a target price of $68.00 on the company. Pre-market: 56.18 +0.37 (0.66%)

Union Pacific (UNP): Atlantic Equities raised their rating from Neutral to Overweight. Pre-market: 173.50 +1.55 (0.90%)

United States Steel (X): Macquarie raised their rating from Neutral to Outperform. Pre-market: 26.00 +0.35 (1.36%)

Downgrades:

ADT (ADT): Oppenheimer lowered their rating from Outperform to Perform. Pre-market: 32.63 -5.18 (-13.70%)

Hess Corp (HES): ISI Group lowered their rating from Buy to Neutral.

Southern Co. (SO): Citigroup lowered their rating from Buy to Neutral and lowered their target price from $45.00 to $43.00. Pre-market: 40.25 -0.64 (-1.57%)

Coverage Initiated:

Clorox (CLX): BTIG initiated coverage with a Buy rating and target price of $100.00. Pre-market: 87.76 +0.68 (0.78%)

Colgate-Palmolive (CL): BTIG initiated coverage with a Buy rating and target price of $72.00. Pre-market: 63.97 +2.38 (3.86%)

DreamWorks Animation (DWA): B. Riley initiated coverage with a Neutral rating and target price of $33.50.

Kimberly-Clark (KMB): BTIG initiated coverage with a Neutral rating and target price of $107.00.

Molson Coors Brewing Co. (TAP): BTIG initiated coverage with a Buy rating and target price of $62.00.

Procter & Gamble (PG): BTIG initiated coverage with a Buy rating and target price of $89.00. Pre-market: 78.05 +0.41 (0.53%)

Earning Reports:

3M (MMM): Reported EPS of $1.62 in-line with estimates. Pre-market: 129.50 -0.75 (-0.58%)

Ball Corp (BLL): Reported EPS of $0.86 beating estimates by +$0.14. Pre-market: 49.85 +0.78 (1.59%)

Cardinal Health (CAH): Reported EPS of $0.90 beating estimates by +$0.06. Pre-market: 69.50 +3.05 (4.59%)

Celgene (CELG): Reported EPS of $1.51missing estimates by -$0.03. Pre-market: 158.59 +0.13 (0.08%)

ConocoPhillips (COP): Reported EPS of $1.40 beating estimates by +$0.07. Pre-market: 66.07 +0.25 (0.38%)

ExxonMobil (XOM): Reported EPS of $1.91missing estimates by -$0.01. Pre-market: 93.70 -1.41 (-1.48%)

Facebook (FB): Reported EPS of $0.31 beating estimates by +$0.04. Pre-market: 63.56 +10.03 (18.74%)

Harley-Davidson (HOG): Reported EPS of $0.34 in-line with estimates.

Hershey Foods (HSY): Reported EPS of $0.86 in-line with estimates.

Potash (POT): Reported EPS of $0.31missing estimates by -$0.02. Pre-market: 30.75 -1.08 (-3.39%)

Qualcomm (QCOM): Reported EPS of 1.26 beating estimates by +$0.08. Pre-market: 72.25 +1.13 (1.59%)

Tenneco (TEN): Reported EPS of $0.96 beating estimates by +$0.12.

Under Armour (UA): Reported EPS of $0.59 beating estimates by +$0.06. Pre-market: 94.88 +9.66 (11.34%)

Viacom (VIAB): Reported EPS of $1.20 beating estimates by +$0.04. Pre-market: 81.00 +0.03 (0.04%)

Visa (V): Reported EPS of $2.20 beating estimates by +$0.04. Pre-market: 223.92 +6.80 (3.13%)

Markets: 
Futures at 8:10: Dow +0.32%. S&P +0.30%. Nasdaq +0.48%. Crude +0.47% to $97.82. Gold -0.63% to $1254.50. U.S. 10 Year +7/32 to 2.709%.

Europe: London -0.36%. Paris -0.39%. Frankfurt -0.39%. 

Asia: Japan -2.45% to 15007. Hong Kong -0.48% to 22035. China +0.56% to 2050. India -0.72% to 20498. 

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

Morning Coffee Pre-Market Wall Street News

Microsoft Share Jump On Earnings. Microsoft (MSFT) reported that their FQ1 net profit climbed +16% to $5.2B.  EPS were reported at $0.62 beating Wall Street estimates by $0.08. Revenues at the company also rose +16% to $18.53B. Microsoft's performance was boosted by strong corporate sales of its Office and server software.  Earlier this week Apple (APPL) announced that they would begin offering their latest operating system Maverick for free along with iWork which is their version of Office. Pre-market: 35.74 +2.02 (5.99%)

Upgrades:

Brinker Intl (EAT): Wunderlich raised their rating from Hold to Buy and raised their target price from $44.00 to $50.00.

Colgate-Palmolive (CL): Canaccord raised their rating from Sell to Hold and raised their target price from $52.00 to $58.00.

DuPont (DD): Citigroup raised their rating from Neutral to Buy and raised their target price from $61.00 to $70.00.

Ford Motor (F): CLSA raised their rating from Underperform to Outperform and raised their target price from $18.00 to $20.00.

Hasbro (HAS): BMO Capital raised their rating from Underperform to Market Perform and raised their target price from $38.00 to $50.00.

Sony (SNE): Credit Suisse raised their rating from Neutral to Outperform. Pre-market: 19.14 0.00 (0.00%)

Western Digital (WDC): Craig-Hallum raised their rating from Sell to Hold and placed a target price of $70.00 on the company. Pre-market: 70.50 -0.04 (-0.06%)

Downgrades:

Caterpillar (CAT): Atlantic Equities lowered their rating from Overweight to Neutral.

Transocean (RIG): Guggenheim lowered their rating from Buy to Neutral and lowered their target price from $58.00 to $53.00. Pre-market: 48.75 -0.27 (-0.55%)

Wynn Resorts (WYNN): Craig-Hallum lowered their rating from Buy to Hold and lowered their target price from $170.00 to $160.00. Pre-market: 170.02 -2.83 (-1.64%)

Coverage Initiated:

Walt Disney (DIS): FBR Capital initiated coverage with an Outperform rating and target price of $84.00.

Earning Reports:

AbbVie (ABBV): Reported EPS of $0.82 beating estimates by +$0.04. Pre-market: 48.90 +0.97 (2.02%)

DTE Energy (DTE): Reported EPS of $1.13 missing estimates by -$0.08.

Eaton (ETN): Reported EPS of $1.12 in-line with estimates. Pre-market: 67.50 -1.00 (-1.46%)

Express Scripts (ESRX): Reported EPS of $1.08 in-line with estimates. Pre-market: 62.49 -1.25 (-1.96%)

Microsoft (MSFT): Reported EPS of $0.62 beating estimates by +$0.08. Pre-market: 35.74 +2.02 (5.99%)

National Oilwell Varco (NOV): Reported EPS of $1.34 beating estimates by +$0.02. Pre-market: 82.00 +2.87 (3.63%)

Newell Rubbermaid (NWL): Reported EPS of $0.52 beating estimates by +$0.03. Pre-market: 30.10 +1.18 (4.08%)

NETGEAR (NTGR): Reported EPS of $0.58 in-line with estimates. Pre-market: 30.00 -2.14 (-6.66%)

Procter & Gamble (PG): Reported EPS of $1.05 in-line with estimates. Pre-market: 80.30 -0.31 (-0.38%)

Sherwin-Williams (SHW): Reported EPS of $2.68 beating estimates by +$0.04. Pre-market: 190.00 +3.00 (1.60%)

Synaptics (SYNA): Reported EPS of $1.31 beating estimates by +$0.08. Pre-market: 50.07 -2.97 (-5.60%)

UPS (UPS): Reported EPS of $1.16 beating estimates by +$0.01. Pre-market: 96.39 +1.90 (2.01%)

Weyerhaeuser (WY): Reported EPS of $0.27 beating estimates by +$0.05. Pre-market: 31.20 +0.90 (2.97%)

Wynn Resorts (WYNN): Reported EPS of $1.84 beating estimates by +$0.12. Pre-market: 170.02 -2.83 (-1.64%)

Markets: 
Futures at 6:17: Dow -0.03%. S&P +0.02%. Nasdaq +0.27%. Crude +0.13% to $97.24. Gold -0.88% to $1338.30. U.S. 10 Year +5/32 2.506%.

Europe: London +0.14%. Paris +0.01%. Frankfurt +0.17%. 

Asia: Japan -2.78% to 14088. Hong Kong -0.60% to 22698. China -1.45% to 2133. India -0.20% to 20684. 

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. 

Morning Coffee Pre-Market Wall Street News

U.S. Housing Numbers Miss Estimates. The Commerce Department reported that July’s housing starts rose 5.9% to a seasonally adjusted annual rate of 896,000 units. Wall Street Economists had estimated that housing starts would come in at 900,000 units. June's numbers were revised upward to 846,000-units from the previously reported. Permits to build new homes increased 2.7% in July to a 943,000-unit pace also missing estimates. Economists had expected permits to rise to 945,000. Wall Street analysts are pointing to higher interest rates as the cause of the misses.

Upgrades:

Applied Materials (AMAT): DA Davidson raised their rating from Neutral to Buy and raised their target price from $15.00 to $18.00.

JetBlue Airlines (JBLU): Raymond James raised their rating from Underperform to Market Perform.

Pandora Media (P): Goldman Sachs raised their rating from Neutral to Buy and placed a target price of $27.00 on the company.

Wal-Mart (WMT): S&P raised their rating from 3 Stars to 4 Stars.

Downgrades:

Alcoa (AA): Bank of America Merrill Lynch lowered their rating from Neutral to Underperform and placed a target price of $8.00 on the company.

Colgate-Palmolive (CL): Argus lowered their rating from Buy to Hold.

General Mills (GIS): Jefferies lowered their rating from Hold to Underperform and lowered their target price from $45.00 to $44.00.

Noble Energy (NE): ISI Group lowered their rating from Strong Buy to Buy and placed a target price of $67.00 on the company.

Nordstrom (JWN): Sterne Agee lowered their rating from Buy to Neutral and placed a target price of $62.00 on the company.

Transocean (RIG): Johnson Rice lowered their rating from Overweight to Underweight.

Coverage Initiated:

Xcel Energy (XEL): UBS initiated coverage with a Neutral rating and target price of $30.00.

Earning Reports:

Applied Materials (AMAT): Reported EPS of $0.18 missing estimates by -$0.01.

Dell (DELL): Reported EPS of $0.25 beating estimates by +$0.01.

Nordstrom (JWN): Reported EPS of $0.93 beating estimates by +$0.05.

Markets: 
Futures at 9:01: Dow 0.00%. S&P +0.10%. Nasdaq +0.27%. Crude +0.08% to $107.44. Gold +0.34% at $1365.40. U.S. 10 Year -1/32 2.778%

Europe: London 0.00%. Paris +0.06%. Frankfurt -0.36%. 

Asia: Japan -0.75% to 13650. Hong Kong -0.10% to 22518. China -0.65% to 2068. India -3.97% to 18618.