Google Shares Split

Google Shares Split. 

Google will split their shares today with investors will receive one class-C share for each class-A and class-B shares they own. The split will allow founders Larry Page and Sergey Brin to maintain control of the company through their class B shares they currently hold. The class-C shares will have no voting rights. Both class-A and class-C share will be included in the S&P 500 index. The class- A shares will trade under the ticker (GOOGL) and the class-C shares will trade under (GOOG) ticker. Both classes of shares are expected to trade with little spread to each other. As part of a settlement with investors the company agreed to reimburse holders of the class C shares should they fail to trade in line with the existing A shares.

Upgrades:

Eli Lilly (LLY): Cowen & Company raised their rating from Market Perform to Outperform and placed a target price of $68.00 on the company.

Monsanto (MON): JPMorgan raised their rating from Neutral to Overweight and placed a target price of $125.00 on the company. Pre-market: 116.00 +1.58 (1.38%)

Downgrades:

BB&T Corp (BBT): Raymond James lowered their rating from Strong Buy to Outperform and placed a target price of $44.00 on the company.

CSX (CSX): Barclays lowered their rating from Overweight to Equal Weight and placed a target price of $30.00 on the company. Pre-market: 28.92 -0.30 (-1.03%)

Deutsche Bank (DB): Morgan Stanley lowered their rating from Overweight to Neutral. Pre-market: 45.13 -0.90 (-1.96%)

Royal Caribbean (RCL): Swedbank lowered their rating from Buy to Neutral. Pre-market: 56.14 -0.43 (-0.76%)

Coverage Initiated:

Altera Corp (ALTR): Piper Jaffrey initiated coverage with an Overweight rating and target price of $41.00.

Altera Corp (ALTR): FBR Capital initiated coverage with an Outperform rating.

BP p.l.c (BP): BMO Capital initiated coverage with a Market Perform rating. Pre-market: 48.33 -0.11 (-0.23%)

ConAgra (CAG): Morgan Stanley initiated coverage with an Equal Weight rating and target price of $30.00.

ConocoPhillips (COP): BMO Capital initiated coverage with a Market Perform and target price of $70.00.

Chevron (CVX): BMO Capital initiated coverage with a Market Perform and target price of $125.00.

Total (TOT): BMO Capital initiated coverage with an Outperform. Pre-market: 65.86 +0.06 (0.09%)

W.P. Carey (WPC): Capital One initiated coverage with an Equal Weight and target price of $64.00.

Earning Reports:

Greenbrier Comp (GBX): Reported EPS of $0.51 missing estimates by -$0.10. Pre-market: 45.74 -1.97 

Perry Ellis (PERY): Reported EPS of $0.06 beating estimates by +$0.03. Pre-market: 14.55 +0.30 (2.11%)

Markets: 
Futures at 8:36: Dow +0.05%. S&P 0.00%. Nasdaq -0.01%. Crude -0.12% to $99.48. Gold -0.60% to $1283.10. U.S. 10 Year -1/32 to 2.800%

Europe: London +0.10%. Paris +0.23%. Frankfurt +0.17%. 

Asia: Japan +0.84% to 15072. Hong Kong +0.18% to 22565. China -0.74% to 2044. India -0.19% to 22509. 

#RLPaler #TopWealthManager #WallStreet #Stocks #GoogleSplit 

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

Bank of America Being Investigated Again. Once again Bank of America seems to be in trouble with regulators.  This time reports say that the Department of Justice and the Commodity Futures Trading Commission are investigating Bank of America (BAC) for improper trading. The allegations are that the bank improperly carried out its own transactions before executing orders for clients. The probes appear to shed light on an The investigation could pertain to an FBI bulletin that said it suspected traders at two banks of conspiring to manipulate rates on major orders from Fannie Mae (FNMA) and Freddie Mac (FMCC), and of front running the GSE’s in the markets for interest-rate swaps.

Upgrades:

AGL Resources (GAS): ResearchTeam raised their rating from Reduce to Hold.

Potash (POT): Raymond James raised their rating from Market Perform to Outperform and raised their target price from $30.00 $37.00.

Downgrades:

Cisco Systems (CSCO): JPMorgan lowered their rating from Neutral to Underweight and lowered their target price from $21.00 to $17.00.

ConocoPhillips (COP): Guggenheim lowered their rating from Buy to Neutral and lowered their target price from $80.00 to $73.00.

Coverage Initiated:

AMC Entertainment (AMC): B. Riley initiated coverage with a Neutral rating and target price of $24.00.

AMC Entertainment (AMC): Stifel initiated coverage with a Buy rating and target price of $24.00.

AMC Entertainment (AMC): Credit Suisse initiated coverage with an Outperform rating and target price of $25.00.

Cabelvision (CVC): Buckingham initiated coverage with a Neutral rating and target price of $18.00.

DIRECTV (DTV): Buckingham initiated coverage with a Buy rating and target price of $85.00.

Dish Network (DISH): Buckingham initiated coverage with a Neutral rating and target price of $60.00.

Finish Line (FINL): initiated coverage with a Neutral rating and target price of $28.00.

Foot Locker (FL): JPMorgan initiated coverage with an Overweight rating and target price of $47.00.

Earning Reports:

Caterpillar (CAT): Reported EPS of $1.54 beating estimates by +$0.36.

Rayonier (RYN): Reported EPS of $0.64 beating estimates by +$0.13.

Regis (RGS): Reported EPS of -$0.04 missing estimates by -$0.06.

Royal Caribbean (RCL): Reported EPS of $0.23 beating estimates by +$0.05.

Markets: 
Futures at 6:20: Dow 0.0%. S&P +0.2%. Nasdaq +0.1%. Crude +0.2% to $96.79. Gold +0.4% to $1269.10. 

Europe:London -1.5%. Paris -0.3%. Frankfurt -0.5%. 

Asia: Japan -2.5% to 15006. Hong Kong -2.1% to 21976. China -1% to 2033. India -2% to 20707. 

#TopWealthManager # RLPaler #WallStreet # PreMarket #WealthManagement #AnalystsRatings 

Men’s Wearhouse in Hostile Bid for Jos A. Bank.

Men’s Wearhouse in Hostile Bid for Jos A. Bank. Men's Wearhouse (MW) has increased its bid for Jos. A. Bank Clothiers (JOSB) to $57.50 a share. Its earlier offer of $55.00 was rejected by Jos. A. Bank back in November.  (MW) Pre-market: 52.96 +2.37 (4.68%) (JOSB) Pre-market: 57.00 +2.59 (4.76%)

Upgrades:

Boston Scientific (BSX): Oppenheimer raised their rating from Equal Weight to Overweight and placed a target price of $15.00 on the company. Pre-market: 12.15 +0.22 (1.84%)

Celgene (CELG): ResearchTeam raised their rating from Hold to Accumulate. Pre-market: 166.00 -3.81 (-2.24%)

ConocoPhillips (COP): Raymond James raised their rating from Underperform to Market Perform.

Urban Outfitters (URBN): Ascendiant raised their rating from Buy to Strong Buy and placed a target price of $55.00 on the company.

Wynn Resorts (WYNN): Citigroup raised their rating from Neutral to Buy and raised their target price from $167.92 to $222.00. Pre-market: 198.55 +2.55 (1.30%)

Zimmer Holdings (ZMH): Leerink raised their rating from Market Perform to Outperform and raised their target price from $93.00 to $110.00.

Downgrades:

AFLAC (AFL): Credit Suisse lowered their rating from Outperform to Neutral and lowered their target price from $67.00 to $66.00.

AFLAC (AFL): ResearchTeam lowered their rating from Hold to Reduce.

AGL Resources (GAS): ResearchTeam lowered their rating from Hold to Reduce.

Apple (AAPL): Standpoint Research lowered their rating from Hold to Sell. Pre-market: 537.99 -2.99 (-0.55%)

Celgene (CELG): Goldman Sachs lowered their rating from Neutral to Sell and maintained their target price of $140.00. Pre-market: 166.00 -3.81 (-2.24%)

Devon Energy (DVN): Guggenheim lowered their rating from Buy to Neutral. Pre-market: 60.60 -0.43 (-0.70%)

eBay (EBAY): Morgan Stanley lowered their rating from Overweight to Equal Weight. Pre-market: 52.10 -1.16 (-2.18%)

Ensco PLC (ESV): ResearchTeam lowered their rating from Hold to Reduce.

Foot Locker (FL): ResearchTeam lowered their rating from Accumulate to Hold.

Halliburton (HAL): Guggenheim lowered their rating from Buy to Neutral. Pre-market: 50.31 +0.18 (0.36%)

Patterson-UTI Energy (PTEN): Guggenheim lowered their rating from Buy to Neutral.

Total SA (TOT): ResearchTeam lowered their rating from Hold to Reduce.

Twitter (TWTR): CRT Capital lowered their rating from Buy to Fair Value. Pre-market: 65.05 -3.95 (-5.72%)

Wendy’s (WEN): Janney Capital lowered their rating from Buy to Neutral and placed a target price of $9.00 on the company. Pre-market: 8.40 -0.28 (-3.23%)

Coverage Initiated:

Phillip Morris Intl (PM): Standpoint Research initiated coverage with a Sell rating. Pre-market: 86.51 +0.98 (1.14%)

Markets: 
Futures at 7:46: Dow +0.20%. S&P +0.18%. Nasdaq +0.11%. Crude +0.40% to $94.33. Gold -0.07% to $1237.70.  U.S. 10 Year +6/32 to 2.978%.

Europe: London +0.17%. Paris +0.01%. Frankfurt +0.26%. 

Asia: Japan -2.35% to 15909. Hong Kong -0.58% to 22684. China -1.80% to 2046. India -0.31% to 20787. 

#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