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 Worry about Fed. World markets are lower as traders wait for the Fed to announce the outcome of their latest FOMC meeting. Traders don’t expect the Fed to raise interest rates or to begin tapering, but they will be watching for any indication as to when this could begin.

Upgrades:

Adobe Systems (ADBE): Argus raised their rating from Hold to Buy and placed a target price of $71.00 on the company.

Facebook (FB): Susquehanna raised their rating from Neutral to Positive and raised their target price from $52.00 to $68.00.

Hewlett-Packard (HPQ): JPMorgan raised their rating from Neutral to Overweight and placed a target price of $35.00 on the company.

iRobot (IRBT): Raymond James JPMorgan raised their rating from Market Perform to Strong Buy and placed a target price of $39.00 on the company.

Medtronics (MDT): Goldman Sachs raised their rating from Neutral to Buy and placed a target price of $66.00 on the company.

Downgrades:

GlaxoSmithKline (GSK): Deutsche Bank lowered their rating from Buy to Hold.

KB Home (KBH): Compass Point lowered their rating from Neutral to Sell.

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

Twitter (TWTR): Atlantic Equities lowered their rating from Overweight to Neutral and placed a target price of $50.00 on the company.

Coverage Initiated:

Archer Daniels Midland (ADM): Macquarie initiated coverage with an Outperform rating and target price of $49.00.

Dynergy (DYN): Imperial Capital initiated coverage with an Outperform rating and target price of $24.00.

Mosaic (MOS): Macquarie initiated coverage with an Outperform rating and target price of $54.00.

Zillow (Z): SunTrust initiated coverage with a Buy rating and target price of $95.00.

Earning Reports:

FactSet (FDS): Reported EPS of $1.19 missing estimates by -$0.03.

Markets: 
Futures at 8:35: Dow +0.22%. S&P +0.03%. Nasdaq +0.12%. Crude +0.31% to $97.79. Gold -0.83% to $1233.90. U.S. 10 Year 0/32 to 2.880%.

Europe: London -0.30%. Paris -0.79%. Frankfurt -0.18%. 

Asia: Japan +0.83% to 15279. Hong Kong -0.20% to 23069. China -0.45% to 2151. India -0.23% to 20612. 

#RLPaler #WallStreet #PreMarket #WealthManagement #EarningReports #AnalystsRatings

Facebook Added to S&P 500. Standard & Poor’s will be adding Facebook (FB) to the S&P 500 Index at the close of trading on December 20.  It will also be added to the S&P 100. Facebook will replace test-equipment vendor Teradyne (TER) in the S&P 500 index and will replace Williams Companies (WMB) in the S&P 100 Index. Alliance Data Systems (ADS) and Mohawk Industries (MHK) will also be added to the S&P 500 replacing Abercrombie & Fitch (ANF) and JDS Uniphase (JDSU).

Upgrades:

Exxon Mobil (XOM): ISI Group their rating from Neutral to Buy and placed a target price of $105.00 on the company. Pre-market: 94.61 +0.35 (0.37%)

Intel (INTC): Nomura raised their rating from Reduce to Neutral and raised their target price of $20.00 to $24.00. Pre-market: 24.59 +0.17 (0.70%)

iRobot (IRBT): JPMorgan raised their rating from Underweight to Neutral and placed a target price of $32.00 on the company.

Micron Technology (MU): Nomura raised their rating from Neutral to Buy and raised their target price of $16.00 to $30.00. Pre-market: 22.71 +0.21 (0.93%)

Southwest Airlines (LUV): BofA Merrill Lynch raised their rating from Neutral to Buy and raised their target price of $18.00 to $23.00. Pre-market: 18.24 +0.27 (1.50%)

Downgrades:

Brown & Brown (BRO): William Blair lowered their rating from Market Perform to Underperform.

Oracle (ORCL): RBC Capital lowered their rating from Outperform to Sector Perform and placed a target price of $35.00 on the company. Pre-market: 33.75 -0.81 (-2.34%)

Texas Instruments (TXN): Nomura lowered their rating from Neutral to Reduce and placed a target price of $30.00 on the company. Pre-market: 42.35 -0.46 (-1.07%)

Coverage Initiated:

Freeport McMoRan (FCX): Bernstein initiated coverage with an Outperform rating and target price of $42.00. Pre-market: 34.60 +0.15 (0.44%)

Nucor (NUE): Bernstein initiated coverage with a Market Perform rating and target price of $56.00.

United States Steel (X): Bernstein initiated coverage with a Market Perform rating and target price of $27.00. Pre-market: 26.37 +0.10 (0.38%)

Weyerhaeuser (WY): JPMorgan initiated coverage with an Overweight rating and placed a target price of $37.00 on the company.

Earning Reports:

Ciena (CIEN): Reported EPS of $0.16 missing estimates by -$0.08. Pre-market: 20.49 -2.41 (-10.52%)

Markets: 
Futures at 7:53 Dow -0.13%. S&P -0.06%. Nasdaq -0.09%. Crude +0.22% to $97.65. Gold -1.81% to $1234.40. U.S. 10 Year -1/32 to 2.866%.

Europe: London -0.82%. Paris -0.37%. Frankfurt -0.66%. 

Asia: Japan -1.12% to 15342. Hong Kong -0.51% to 23218. China -0.06% at 2203. India -1.16% at 20926. 

#RLPaler #WallStreet #PreMarket #WealthManagement #EarningReports #AnalystsRatings

Chrysler IPO to Début in December

Chrysler IPO to Début in December. Reports say that Chrysler could reportedly carry out its IPO this December. The lead underwriters Bank of America (BAC) and JPMorgan (JPM) will be joined by Barclays (BCS), Goldman Sachs (GS), Morgan Stanley (MS) and UBS (UBS).

Upgrades:

Green Mountain Coffee Roasters (GMCR): Janney Capital raised their rating from Neutral to Buy and raised their target price from $75.00 to $80.00.

Hillshire Bands (HSH): BMO Capital raised their rating from Market Perform to Outperform and raised their target price from $31.00 to $41.00.

Downgrades:

American Railcar Industries (ARII): Raymond James lowered their rating from Outperform to Underperform.

J.M. Smucker (SJM): JPMorgan lowered their rating from Overweight to Neutral and placed a target price of $110.00 on the company.

Qualcomm (QCOM): Raymond James lowered their rating from Strong Buy to Outperform and placed a target price of $79.00 on the company.

Republic Services (RSG): Goldman Sachs lowered their rating from Buy to Neutral and placed a target price of $36.00 on the company.

Coverage Initiated:

Baltic Trading (BALT): Longbow initiated coverage with a Buy rating and target price of $7.00.

Diana Shipping (DSX): Maxim initiated coverage with a Buy rating and target price of $14.00.

Facebook (FB): FBR Capital initiated coverage with an Outperform rating and target price of $60.00.

Genco Shipping & Trading (GNK): Maxim initiated coverage with a Hold rating.

LinkedIn (LNKD): FBR Capital initiated coverage with an Market Perform rating and target price of $214.00.

Navastar Intl (NAV): Longbow initiated coverage with a Neutral rating.

Star Bulk Containers (SBLK): Maxim initiated coverage with a Buy rating and target price of $12.00.

Earning Reports:

Abercrombie & Fitch (ANF): Reported EPS of $0.52 beating estimates by +$0.08. Pre-market: 34.00 -0.99 (-2.83%)

Dollar Tree (DLTR): Reported EPS of $0.58 missing estimates by -$0.02. Pre-market: 55.55 -3.37 (-5.72%)

Gamestop (GME): Reported EPS of $0.58 beating estimates by +$0.01.

Sears Hldg (SHLD): Reported EPS of -$5.03 missing estimates by -$1.64.

Target (TGT): Reported EPS of $0.54 missing estimates by -$0.10.

Markets: 
Futures at 6:20: Dow +0.25%. S&P +0.2%. Nasdaq +0.3%. Crude 0.0% at $93.35. Gold -0.9% to $1246.60. U.S. 10 Year -5/32 2.823%.

Europe: London +0.1%. Paris -0.3%. Frankfurt -0.3%. 

Asia, Japan +1.9% to 15365.6. Hong Kong -0.5% to 23580. China 0.0% at 2206. India -2% to 20229.

#RLPaler #WallStreet #PreMarket #WealthManagement #EarningReports #AnalystsRatings #IPO

Morning Coffee Pre-Market Wall Street News

AT&T Exploring Vodafone Acquisition. Reports say that AT&T (T) is exploring a possible takeover of cell phone competitor Vodafone (VOD). If AT&T decides to proceed it would create a company with a market cap in excess of $250B and over 500M wireless subscribers. The deal would have to wait until Vodafone closes the sale of its Verizon Wireless stake. (T) Pre-market: 36.45 +0.25 (0.69%) (VOD): Pre-market: 36.99 +0.14 (0.37%)

Upgrades:

Facebook (FB): Argus raised their rating from Hold to Buy and placed a target price of $64.00 on the company. Pre-market: 50.86 +0.65 (1.30%)

ITT Corp (ITT): RW Baird raised their rating from Neutral to Outperform and raised their target price from $37.00 to $52.00. Pre-market: 39.73 0.00 (0.00%)

Netflix (NFLX): RW Baird raised their rating from Neutral to Outperform and raised their target price from $383.00 to $420.00. Pre-market: 330.73 +8.25 (2.56%)

Downgrades:

American International Group (AIG): Drexel Hamilton lowered their rating from Buy to Hold. Pre-market: 49.08 -2.57 (-4.98%)

PETsMart (PETM): Bank of America Merrill Lynch lowered their rating from Buy to Neutral and lowered their target price to $80.00.

Sony Corp. (SNE): Jeffries lowered their rating from Buy to Hold. Pre-market: 17.01 -0.24 (-1.39%)

Strayer Education (STRA): Morgan Stanley lowered their rating from Equal Weight to Underweight and placed a target price of $30.00 on the company. Pre-market: 37.52 -1.90 (-4.82%)

Earning Reports:

Fluor (FLR): Reported EPS of $1.02 beating estimates by +$0.02.

Markets: 
Futures at 7:19: Dow +0.25%. S&P +0.26%. Nasdaq +0.22%. Crude -0.75% at $95.63. Gold -0.80% to $1313.00. U.S. 10 Year -8/32 2.587%.

 Europe: London +0.04%. Paris -0.32%. Frankfurt -0.16%. 

Asia: Japan -0.88% to 14202. Hong Kong +0.19% to 23250. China +0.37% to 2150. India +0.15% to 21197. 

#RLPaler  #EarningReports #Stocks #StockMarket  #AnalystsRatings #WealthManager

Morning Coffee-Pre Market Wall Street News

Markets Lower On Fed Comments. World markets are lower this morning after the Fed left its bond-buying program unchanged. Wall Street economist had expected the Fed not to make any changes to its bond-buying program at this time. The Fed left out a reference to tightening financial conditions, which was included in the September statement. Wall Street seems to have interpreted that as meaning the Fed hasn't ruled out tapering in December.

Upgrades:

Archer Daniels Midland (ADM): Argus raised their rating from Hold to Buy. Pre-market: 41.10 +0.10 (0.24%)

Volkswagen (VLKAY): Citigroup raised their rating from Neutral to Buy.

Downgrades:

Eaton Corp. (ETN): Buckingham lowered their rating from Buy to Neutral and placed a target price of $75.00 on the company.

Facebook (FB): BMO Capital lowered their rating from Outperform to Market Perform and placed a target price of $50.00 on the company. Pre-market: 48.61 -0.40 (-0.82%)

Flour (FLR): Canaccord lowered their rating from Buy to Hold and maintained their target price of $80.00.

Garmin (GRMN): Raymond James lowered their rating from Outperform to Market Perform. Pre-market: 47.70 -0.57 (-1.18%)

Kraft Foods (KRFT): Canaccord lowered their rating from Buy to Hold and maintained their target price of $59.00. Pre-market: 55.33 -0.11 (-0.20%)

Mattel (MAT): Piper Jaffray lowered their rating from Overweight to Neutral and lowered their target price from $52.00 to $46.00. Pre-market: 43.90 -0.76 (-1.70%)

Earning Reports:

Advance Auto (AAP): Reported EPS of $1.42 in-line with estimates. Pre-market: 101.50 +1.50 (1.50%)

Anheuser-Bush InBev (BUD): Reported EPS of $1.36 beating estimates by +$0.10. Pre-market: 103.82 +0.58 (0.56%)

AstraZeneca (AZN): Reported EPS of $1.21 missing estimates by -$0.03. Pre-market: 52.81 -0.76 (-1.42%)

Cardinal Health (CAH): Reported EPS of $0.92 beating estimates by +$0.07. Pre-market: 56.61 +0.93 (1.67%)

Clorox (CLX): Reported EPS of $1.04 beating estimates by +$0.03. Pre-market: 89.00 -1.14 (-1.26%)

ConocoPhillips (COP): Reported EPS of $1.47 beating estimates by +$0.02. Pre-market: 73.88 +0.63 (0.86%)

Expedia (EXPE): Reported EPS of $1.43 beating estimates by +$0.07. Pre-market: 58.19 +8.23 (16.47%)

Exxon Mobil (XOM): Reported EPS of $1.79 beating estimates by +$0.01. Pre-market: 89.07 +0.26 (0.29%)

Facebook (FB): Reported EPS of $0.25 beating estimates by +$0.06. Pre-market: 48.61 -0.40 (-0.82%)

Kraft Foods (KRFT): Reported EPS of $0.70 beating estimates by +$0.01. Pre-market: 55.33 -0.11 (-0.20%)

MasterCard (MA): Reported EPS of $7.27 beating estimates by +$0.33. Pre-market: 734.99 +9.31 (1.28%)

Sony (SNE): Reported EPS of -$18.91 missing estimates by -$29.91. Pre-market: 18.08 -1.34 (-6.90%)

Starbucks (SBUX): Reported EPS of $0.60 in-line with estimates. Pre-market: 79.00 -1.83 (-2.26%)

Teva Pharma (TEVA): Reported EPS of $1.27 beating estimates by +$0.01. Pre-market: 38.00 +0.30 (0.80%)

Visa (V): Reported EPS of $1.86 missing estimates by -$0.01. Pre-market: 198.69 -5.13 (-2.52%)

Markets: 
Futures at 6:20: Dow -0.2%. S&P -0.1%. Nasdaq -0.5%. Crude 0.0% at $96.81. Gold -1% to $1335.80. 

Europe: London -0.4%. Paris +0.2%. Frankfurt -0.2%. 

Asia: Japan -1.2% to 14328. Hong Kong -0.4% to 23206. China -0.8% to 2143. India +0.2% to 21072.