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 

World Markets Up on China, the Fed and U.S. Budget Deal

World Markets Up on China, the Fed and U.S. Budget Deal. World markets are higher this morning boosted by better than expected trade data from China.  China's exports rose +10.6% in January well beyond economists estimates of only a +2% increase. Fed Chairman Jenet Yellen in testimony yesterday said that the Fed would continue with its easy money policy easing fears that the Fed would start tightening amid recent poor economic reports. Additionally, the Republican led House has agreed to suspend the U.S. debt ceiling borrowing authority until March 16, 2015.  

Upgrades:

AB InBev (BUD): Goldman Sachs raised their rating from Sell to Buy.

Downgrades:

Amazon.com (AMZN): UBS lowered their rating from Buy to Neutral and lowered their target price from $450.00 to $375.00.

American Railcar (ARII): Longbow lowered their rating from Buy to Neutral.

Dean Foods (DF): Stifel lowered their rating from Buy to Hold.

Green Mountain Coffee (GMCR): Longbow lowered their rating from Buy to Neutral.

Intuit (INTU): Evercore lowered their rating from Equal Weight to Underweight and lowered their target price from $72.00 to $62.00.

Coverage Initiated:

Allstate (ALL): Citigroup initiated coverage with a Neutral rating and target price of $53.00.

Chubb (CB): Citigroup initiated coverage with a Sell rating and target price of $76.00.

Progressive (PGR): Citigroup initiated coverage with a Neutral rating and target price of $24.00.

Traveler’s (TRV): Citigroup initiated coverage with a Sell rating and target price of $71.00.

Earning Reports:

Deere (DE): Reported EPS of $1.81 beating estimates by +0.28.

Dr Pepper Snapple (DPS): Reported EPS of $0.97 beating estimates by +0.13.

Owens Corning (OC): Reported EPS of $0.44 beating estimates by +0.16.

Vonage (VG): Reported EPS of $0.05 beating estimates by +0.01.

Markets: 
Futures at 6:20: Dow +0.2%. S&P +0.2%. Nasdaq +0.3%. Crude +0.6% to $100.53. Gold -0.2% to $1287. U.S. 10 Year +2/32 to 2.75%

Europe: London +0.2%. Paris +0.5%. Frankfurt +0.9%. 

Asia: Japan +0.6% to 14800. Hong Kong +1.5% to 22286. China +0.3% to 2110. India +0.4% to 20448. 

#RLPaler #TopWealthManager #AnalystsRatings #EarningReports #WallStreet #WealthManagement #PreMarket #FinancialPlanner        

Xbox One Enjoys Strong Sales.

Xbox One Enjoys Strong Sales. The release of Microsoft’s highly anticipated Xbox One on Friday enjoyed strong sales. Microsoft sold over 1 million Xbox One gaming systems within the first 24 hours. A week ago Sony (SNE) released their new PS4 gaming system to similar fanfare. Analysts estimate that each company will sell over 3 million units by the end of the year. MSFT Pre-market: 37.75 +0.18 (0.48%) SNE Pre-market: 18.46 +0.16 (0.87%)

Upgrades:

Alcoa (AA): Goldman Sachs raised their rating from Neutral to Buy and raised their target price from$8.00 to $11.00. Pre-market: 9.57 +0.33 (3.57%)

Finish Line (FINL): Sterne Agee raised their rating from Underperform to Neutral.

Finish Line (FINL): Susquehanna raised their rating from Neutral to Positive and raised their target price from $22.00 to $31.00.

Stryker Corp (SYK): Bernstein raised their rating from Market Perform to Outperform and raised their target price from $75.00 to $84.00. Pre-market: 75.49 +1.21 (1.63%)

Downgrades:

AOL (AOL): RBC Capital lowered their rating from Outperform to Sector Perform and maintained a target price of $46.00.

Campbell Soup (CPB): Goldman Sachs lowered their rating from Buy to Neutral and placed a target price of $42.00 on the company.

Clorox (CLX): Goldman Sachs lowered their rating from Neutral to Sell and placed a target price of $87.00 on the company.

Deere & Co. (DE): BMO Capital lowered their rating from Outperform to Market Perform and lowered their target price from $95.00 to $84.00.

Sprint (S): Pacific Crest lowered their rating from Outperform to Sector Perform. Pre-market: 7.74 -0.09 (-1.15%)

Time Warner Cable (TWC): Argus lowered their rating from Buy to Hold. Pre-market: 133.88 +0.96 (0.72%)

Coverage Initiated:

Burger King Worldwide (BKW): Goldman Sachs initiated coverage with a Buy rating and target price of $25.00. Pre-market: 20.95 +0.57 (2.80%)

Church & Dwight (CHD): Goldman Sachs initiated coverage with a Buy rating and target price of $73.00.

Praxair (PX): UBS initiated coverage with a Neutral rating and target price of $125.00.

Twitter (TWTR): Wells Fargo initiated coverage with a Market Perform rating and target range of $36.00-$39.00. Pre-market: 41.00 0.00 (0.00%)

Markets: 
Futures at 8:32: Dow +0.41%. S&P +0.33%. Nasdaq +0.37%. Crude -1.29% to $93.61. Gold -1.21% to $1229.20. U.S. 10 Year -6/32 2.767%.

Europe: London +0.33%. Paris +0.59%. Frankfurt +0.94%. 

Asia, Japan +1.54% to 15619. Hong Kong -0.05% to 23684. China -0.47% to 2186. India +1.92% to 20605. 

#RLPaler #WallStreet #PreMarket #WealthManagement#EarningReports #XboxOne #PS4

Twitter Begins Trading.

Twitter Begins Trading. Shares of Twitter (TWTR) will begin trading this morning on the NYSE after being priced last night at $26.00. The price was above the already increased $23-$25 range. Twitter raised $1.82B by selling 70M shares and it will have a market cap of $14.2B. CEO Dick Costolo said "There's nothing structural about Twitter that prevents us from having the kind of margin profiles of our peer group." Currently Twitter generates no profits.

Downgrades:

Caterpillar (CAT): ISI Group lowered their rating from Buy to Neutral. Pre-market: 83.91 -0.31 (-0.37%)

Deere & Co (DE): ISI Group lowered their rating from Neutral to Cautious. Pre-market: 81.85 +0.05 (0.06%)

Garmin (GRMN): Bank of America Merrill Lynch lowered their rating from Buy to Neutral and lowered their target price from $51.00 to $46.00.

Qualcomm (QCOM): Northland Securities lowered their rating from Outperform to Market Perform. Pre-market: 67.32 -2.42 (-3.47%)

United Rentals (UTI): ISI Group lowered their rating from Strong Buy to Buy.

Coverage Initiated:

Twitter (TWTR): Evercore initiated coverage with an Overweight rating and target price of $43.00.

Twitter (TWTR): Cantor initiated coverage with a Buy rating and target price of $32.00.

Earning Reports:

Activision Blizzard (ATVI): Reported EPS of $0.08 beating estimates by +$0.04. Pre-market: 16.10 -0.43 (-2.60%)

Beazer Homes (BZH): Reported EPS of $0.36 beating estimates by +$0.10. Pre-market: 19.00 +0.95 (5.26%)

Calpine (CPN): Reported EPS of $0.70 missing estimates by -$0.09. Pre-market: 20.55 +0.81 (4.10%)

CBS (CBS): Reported EPS of $0.76 in-line with estimates. Pre-market: 59.60 -0.02 (-0.03%)

Chiquita Brands (CQB): Reported EPS of -$0.38 missing estimates by -$0.15.

Huntington Ingalls (HII): Reported EPS of $1.17 beating estimates by +$0.33.

Tim Hortons (THI): Reported EPS of $0.77 in-line with estimates.

TreeHouse Foods (THS): Reported EPS of $0.82 beating estimates by +$0.05.

Qualcomm (QCOM): Reported EPS of $1.05 missing estimates by -$0.03. Pre-market: 67.40 -2.34 (-3.36%)

Transocean (RIG): Reported EPS of $1.37 beating estimates by +$0.30. Pre-market: 51.08 +2.05 (4.18%)

Wendy’s (WEN): Reported EPS of $0.08 beating estimates by +$0.02. Pre-market: 8.14 -0.95 (-10.45%)

Markets: 
Futures at 8:05: Dow +0.35%. S&P +0.40%. Nasdaq +0.25%. Crude +0.03% to $94.83. Gold -0.24% to $1314.60. U.S. 10 Year +4/32 2.628%.

Europe: London +0.40%. Paris +1.36%. Frankfurt +1.28%. 

Asia: Japan -0.76% to 14228. Hong Kong -0.68% to 22881. China -0.48% to 2129. India -0.35% to 20823. 

#RLPaler #WallStreet #TwitterIPO #WealthManagement #EarningReports #AnalystsR

Morning Coffee Pre-Market Wall Street News

Cisco Shares Get Hit. 

Shares of tech giant Cisco System (CSCO) are getting hit hard in the pre-market after the company provided FQ1 guidance that disappointed Wall Street analysts.  The company also said it was cutting 4,000 jobs to cope with a "challenging" global environment. Cisco expects FQ1 revenue growth of 3-5% and EPS of $0.50-0.51 vs consensus of 4.9% and $0.51 respectively. The company did report FQ4 earnings $0.52 and sales increasing +6% to $12.42B beating Wall Street estimates. Profits at the company increased to $2.27B from $1.92B last year. Pre-market: 24.40 -1.98 (-7.50%)

Upgrades:

Baker Hughes (BHI): RBC Capital raised their rating from Sector Perform to Outperform and raised their target price from $56.00 to $58.00.

Cisco (CSCO): ISI Group raised their rating from Cautious to Neutral. Pre-market: 24.40 -1.98 (-7.50%)

 ITC Holdings (ITC): ISI Group raised their rating from Neutral to Buy and placed a target price of $100.00 on the company.

National Oilwell (NOV): RBC Capital raised their rating from Sector Perform to Outperform and raised their target price from $78.00 to $86.00. Pre-market: 73.00 -0.40 (-0.54%)

Downgrades:

Deere & Co (DE): Argus lowered their rating from Buy to Hold. Pre-market: 81.37 -0.97 (-1.18%)

Intel (INTC): RW Baird lowered their rating from Outperform to Neutral and lowered their target price from $26.00 to $23.00. Pre-market: 22.28 -0.29 (-1.28%)

Micron Tech (MU): RW Baird lowered their rating from Outperform to Neutral and maintained the target price of $17.00. Pre-market: 14.46 -0.36 (-2.43%)

Smith & Wesson (SWHC): KeyBanc lowered their rating from Hold to Underweight and placed a target price of $10.00 on the company.

Coverage Initiated:

Agilent (A): Janney Capital initiated coverage with a Neutral rating and target price of $50.00. Pre-market: 48.10 +1.59 (3.42%)

Danaher Corp (DHR): Janney Capital initiated coverage with a Buy rating and target price of $83.00. Pre-market: 66.30 -0.37 (-0.55%)

NutriSystem (NTRI): Imperial Capital initiated coverage with an In-Line rating and target price of $14.00.

Pall Corp (PLL): Janney Capital initiated coverage with a Neutral rating and target price of $79.00.

Thermo Fisher (TMO): Janney Capital initiated coverage with a Buy rating and target price of $113.00.

Waters Corp (WAT): Janney Capital initiated coverage with a Neutral rating and target price of $118.00.

Earning Reports:

Agilent (A): Reported EPS of $0.68 beating estimates by +$0.06. Pre-market: 48.10 +1.59 (3.42%)

Briggs & Stratton (BGG): Reported EPS of $0.22 beating estimates by +$0.03. Pre-market: 20.51 +0.41 (2.04%)

Cisco Systems (CSCO): Reported EPS of $0.52 beating estimates by +$0.01. Pre-market: 24.40 -1.98 (-7.50%)

Estee Lauder (EL): Reported EPS of $0.24 beating estimates by +$0.03. Pre-market: 67.00 +1.87 (2.87%)

G&K (GK): Reported EPS of $0.66 beating estimates by +$0.01.

Kolh’s (KSS): Reported EPS of $1.04 in-line with estimates. Pre-market: 51.85 +1.01 (1.99%)

Wal-Mart (WMT): Reported EPS of $1.25 in-line with estimates. Pre-market: 74.55 -1.85 (-2.42%)

Markets: 
Futures at 6:20: Dow -0.31%. S&P -0.56%. Nasdaq -0.70%. Crude +0.38% to $107.26. Gold +0.10% to $1334.90. U.S. 10 Year -20/32 2.794%

Europe: London -1.33%. Paris -0.61%. Frankfurt -0.77%. 

Asia: Japan -2.12% to 13753. Hong Kong -0.01% at 22539. China -0.87% to 2082. India closed.