Gold Prices Fall.

Gold Prices Fall. Gold has dropped to $1200 an ounce for the first time since June after the Fed's decided to taper its QE program by $10B a month. , Gold prices have fallen over -28% this year and is currently trading at $1.201.50 down -2.74%. Silver was -3.7% at $19.32.

Upgrades:

Sirius XM (SIRI): Wunderlich raised their rating from Hold to Buy and raised their target price from $4.20 to $4.50.

Downgrades:

Ford Motor Co. (F): Craig-Hullum lowered their rating from Buy to Hold and lowered their target price from $21.00 to $16.00.

Comerica (CMA): Macquarie lowered their rating from Neutral to Underperform and placed a target price of $41.00 on the company.

JPMorgan Chase (JPM): SunTrust lowered their rating from Buy to Neutral and lowered their target price from $62.00 to $59.00.

Coverage Initiated:

Edison International (EIX): Tudor Pickering initiated coverage with an Accumulate rating.

Ralph Lauren (RL): Stephens initiated coverage with an Equal Weight rating and target price of $184.00.

Southwest Airlines (LUV): UBS initiated coverage with a Buy rating and target price of $25.00.

Standard Pacific (SPF): Sterne Agee initiated coverage with a Neutral rating and target price of $8.00.

Tiffany & Co (TIF): Stephens initiated coverage with an Equal Weight rating and target price of $95.00.

Xylem (XYL): Sterne Agee initiated coverage with a Neutral rating and target price of $32.00.

Earning Reports:

Accenture (ACN): Reported EPS of $1.15 beating estimates by +$0.05. Pre-market: 78.08 +2.46 (3.25%)

ConAgra (CAG): Reported EPS of $0.62 beating estimates by +$0.06. Pre-market: 33.09 +1.30 (4.09%)

KB Home (KBH): Reported EPS of $0.31 missing estimates by -$0.16. Pre-market: 16.95 -0.60 (-3.42%)

Oracle (ORCL): Reported EPS of $0.69 beating estimates by +$0.02. Pre-market: 35.34 +0.74 (2.14%)

Paychex (PAYX): Reported EPS of $0.43 beating estimates by +$0.01. Pre-market: 44.00 +0.68 (1.57%)

Rite Aid (RAD): Reported EPS of $0.04 in-line with estimates. Pre-market: 5.42 -0.34 (-5.90%)

Winnebago Inds (WGO): Reported EPS of $0.40 beating estimates by +$0.02. Pre-market: 31.65 +0.01 (0.03%)

Markets: 
Futures at 8:59: Dow -0.42%. S&P -0.51%. Nasdaq -0.53%. Crude -0.09% to $97.71. Gold -2.74% to $1201.50. U.S. 10 Year -13/32 to 2.944%.

Europe: London +0.87%. Paris +0.93%. Frankfurt +0.94%. 

Asia: Japan +1.74% to 15859. Hong Kong -1.10% to 22889. China -0.95% to 2128. India -0.73% to 20709. 

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

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

U.S. Stocks Set to Open Lower

U.S. Stocks Set to Open Lower. U.S. stock futures are currently lower as traders increase their concern that the Federal Reserve may end their stimulus program earlier than expected.  If the market closes lower today it would be the third straight day the market has posted losses. Wall Street concerns amplified on Monday as stronger-than-expected data on manufacturing and construction spending were reported. Wall Street is now looking for an announcement in March that the Fed may lean towards scaling back its stimulus of $85 billion in monthly bond purchases.

Upgrades:

Apple (AAPL): UBS raised their rating from Neutral to Buy and raised their target price from $540.00 to $650.00.

Devon Energy (DVN): Argus raised their rating from Hold to Buy. Pre-market: 60.93 +0.39 (0.64%)

Flir Systems (FLIR): CRT Capital raised their rating from Fair Value to Buy and placed a target price of $37.00 on the company.

Forest Labs (FRX): SunTrust raised their rating from Neutral to Buy and raised their target price from $50.00 to $72.00.

Downgrades:

Spectra Energy (SE): Tudor Pickering lowered their rating from Accumulate to Hold.

Walt Disney (DIS): B. Riley lowered their rating from Buy to Neutral and maintained a target price of $73.00. Pre-market: 70.46 -0.45 (-0.63%)

Coverage Initiated:

Micron Tech (MU): Needham initiated coverage with a Buy rating and target price of $30.00. Pre-market: 21.38 +0.11 (0.52%)

Earning Reports:

Bank of Montreal (BMO): Reported EPS of $1.64 beating estimates by $0.06.

Krispy Kreme (KKD): Reported EPS of $0.16 beating estimates by $0.01. Pre-market: 20.86 -3.69 (-15.03%)

Thor Industries (THO): Reported EPS of $0.68 missing estimates by -$0.02.

Markets: 
Futures at 8:19: Dow -0.39%. S&P -0.28%. Nasdaq -0.11%. Crude +0.16% to $93.97. Gold -0.05% to $1221.40. U.S. 10 Year +7/32 2.772%.

Europe: London -0.71%. Paris -1.83%. Frankfurt -1.33%. 

Asia: Japan +0.60% to 15750. Hong Kong -0.53% to 23910. China +0.69% to 2223. India -0.21% to 20855. 

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

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.

Morning Coffee Pre-Market Wall Street News

Fed News Sends World Markets Higher. Yesterday the Federal Reserve unexpectedly announced that it would keep its monetary stimulus policy unchanged.  The news sent world stock markets and commodity prices higher. The Fed will maintain its asset purchase program of $85 billion a month instead of tapering off the program.  Economists have expected a $10 billion monthly reduction in the program.

Rick Paler President of RL Paler Investment Advisors, LLC said “The Fed news should help the stock market and lower mortgage rates going forward, but also indicates the Fed is still worried about the economy.”

Upgrades:

AOL (AOL): Topeka raised their rating from Hold to Buy and placed a target price of $43.00 on the company. Pre-market: 35.45 +1.08 (3.14%)

Diageo PLC (DEO): Bernstein raised their rating from Market Perform to Outperform. Pre-market: 134.07 +2.80 (2.13%)

Groupon (GRPN): Stifel raised their rating from Hold to Buy and placed a target price of $16.00 on the company. Pre-market: 12.02 +0.47 (4.07%)

Travelers Cos. (TRV): FBR Capital raised their rating from Market Perform to Outperform and raised their target price from $84.00 to $94.00.

Time Warner (TWX): Morgan Stanley raised their rating from Equal Weight to Overweight and raised their target price to $72.00. Pre-market: 64.35 +1.01 (1.59%)

Downgrades:

FedEx (FDX): Goldman Sachs lowered their rating from Buy to Neutral and lowered their target price from $116.00 to $112.00. Pre-market: 115.06 -1.19 (-1.02%)

Walt Disney (DIS): Morgan Stanley lowered their rating from Overweight to Equal Weight and lowered their target price to $70.00. Pre-market: 66.45 -0.66 (-0.98%)

Coverage Initiated:

Amazon.com (AMZN): CRT Capital initiated coverage with a Buy rating and target price of $350.00. Pre-market: 312.40 +0.37 (0.12%)

Cardinal Health (CAH): Sterne Agee initiated coverage with a Neutral rating and target price of $48.00.

Cisco Systems (CSCO): Credit Suisse initiated coverage with an Underperform rating and target price of $21.00. Pre-market: 24.56 -0.24 (-0.95%)

Google (GOOG): CRT Capital initiated coverage with a Buy rating and target price of $1090.00. Pre-market: 905.70 +2.38 (0.26%)

LinkedIn (LNKD): CRT Capital initiated coverage with a Buy rating and target price of $302.00. Pre-market: 252.00 +2.42 (0.97%)

Netflix (NFLX): CRT Capital initiated coverage with a Fair Value rating. Pre-market: 307.25 +0.33 (0.11%)

Oracle (ORCL): William Blair initiated coverage with a Market Perform rating. Pre-market: 33.66 -0.21 (-0.62%)

Quest Diagnostics (DGX): Craig-Hallum initiated coverage with a Buy rating and target price of $74.00.

Yahoo! (YHOO): CRT Capital initiated coverage with a Fair Value rating. Pre-market: 30.52 +0.09 (0.28%)

Zillow (Z): CRT Capital initiated coverage with a Fair Value rating.

Earning Reports:

ConAgra (CAG): Reported EPS of $0.37 in-line with estimates. Pre-market: 31.69 -0.38 (-1.18%)

Oracle (ORCL): Reported EPS of $0.59 beating estimates by +$0.03. Pre-market: 33.66 -0.21 (-0.62%)

Rite Aid (RAD): Reported EPS of $0.03 beating estimates by +$0.07. Pre-market: 4.17 +0.46 (12.40%)

Scholastic Corp (SCHL): Reported EPS of -0.90 missing estimates by -$0.28.

Steelcase (SCS): Reported EPS of $0.24 missing estimates by -$0.02.

Markets: 
Futures at 8:09: Dow +0.14%. S&P +0.21%. Nasdaq +0.23%. Crude +0.7% to $108.40. Gold +4.76% to $1369.70. U.S. 10 Year -3.32 2.704%.

Europe: London +1.40%. Paris +0.86%. Frankfurt +0.99%. 

Asia: Japan +1.80% to 14766. Hong Kong +1.67% to 23502. China, Closed. India +3.43% to 20607.