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 

Nike Post Nice Earnings

Nike Post Nice Earnings. Nike's (NKE) reported that their FQ2 profit jumped +40% to $537M. Earnings at the company came in at $0.59 topping Wall Street estimates, while revenue climbed +8% to $6.43B, but missed consensus. Nike saw strong sales growth in North America, Western Europe and China. The company also gave upbeat future guidance. Pre-market: 77.50 -0.76 (-0.97%)

Upgrades:

3M Co. (MMM): JPMorgan raised their rating from Underweight to Neutral and raised their target price from $120.00 to $128.00. Pre-market: 136.69 +0.28 (0.21%)

Carnival (CCL): Credit Suisse raised their rating from Neutral to Outperform and raised their target price from $30.00 to $43.00. Pre-market: 39.35 +1.30 (3.42%)

RedHat (RHT): Raymond James raised their rating from Market Perform to Outperform. Pre-market: 55.90 +6.90 (14.08%)

RedHat (RHT): UBS raised their rating from Neutral to Buy and raised their target price from $53.00 to $58.00. Pre-market: 55.90 +6.90 (14.08%)

Coverage Initiated:

Silicon Labs (SLAB): Stephens initiated coverage with an Equal Weight rating and target price of $40.00. Pre-market: 41.10 0.00 (0.00%)

Tesco Corp (TESO): Iberia initiated coverage with an Outperform rating and target price of $26.00. Pre-market: 18.89 0.00 (0.00%)

Twitter (TWTR): BMO Capital initiated coverage with a Market Perform rating and target price of $55.00. Pre-market: 58.26 +0.77 (1.34%)

Wynn Resorts (WYNN): Argus initiated coverage with a Buy rating and target price of $210.00. Pre-market: 185.50 +0.39 (0.21%)

Earning Reports:

BlackBerry (BBRY): Reported EPS of -$0.67 missing estimates by -$0.24. Pre-market: 6.36 +0.11 (1.76%)

CarMax (KMX): Reported EPS of $0.47 missing estimates by -$0.01. Pre-market: 50.50 -2.55 (-4.81%)

Cintas (CTAS): Reported EPS of $0.70 beating estimates by +$0.02. Pre-market: 56.48 0.00 (0.00%)

Finish Line (FINL): Reported EPS of $0.70 beating estimates by +$0.02. Pre-market: 28.20 +2.06 (7.88%)

Navistar (NAV): Reported EPS of -$1.90 missing estimates by -$0.33. Pre-market: 37.50 -1.96 (-4.97%)

Nike (NKE): Reported EPS of $0.59 beating estimates by +$0.01. Pre-market: 77.50 -0.76 (-0.97%)

RedHat (RHT): Reported EPS of $0.42 beating estimates by +$0.07. Pre-market: 55.90 +6.90 (14.08%)

Walgreens (WAG): Reported EPS of $0.72 in-line with estimates. Pre-market: 55.68 -1.26 (-2.21%)

Markets: 
Futures at 8:03: Dow +0.11%. S&P +0.12%. Nasdaq +0.16%. Crude -0.27% to $98.79. Gold -0.14% to $1191.70. U.S. 10 Year -5/32 to 2.949%.

Europe: London +0.22%. Paris +0.06%. Frankfurt +0.44%. 

Asia: Japan +0.07% to 15870. Hong Kong -0.33% to 22812. China -2.02% to 2085. India +1.79% to 21079. 

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

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

Morning Cofee Pre-Market Wall Street News

Google Shares Jump On Earnings. Google's (GOOG) shares jumped 9.19% in the premarket after the company reported Q3 earnings that beat Wall Street estimates. The company reported strong paid-click growth that offset ad-price weakness, with nice gains in mobile. Net profit at the company rose 36% to $2.97B. Adjusted EPS was $2.18B or $10.74 per share. Revenue climbed 12% to $14.89B. Pre-market: 970.50 +81.71 (9.19%)

Upgrades:

Amazon.com (AMZN): UBS raised their rating from Neutral to Buy and raised their target price from $305.00 to $385.00.

21^st Century Fox (FOXA): BTIG raised their rating from Neutral to Buy.

T-Mobile (TMUS): Goldman Sachs raised their rating from Buy to Conviction Buy and placed a target price of $32.00 on the company. Pre-market: 28.10 +0.66 (2.41%)

Downgrades:

Advanced Micro (AMD): Bank of America Merrill Lynch lowered their rating from Buy to Neutral and lowered their target price from $6.00 to $4.50. Pre-market: 3.70 -0.39 (-9.54%)

IBM (IBM): Argus lowered their rating from Buy to Hold. Pre-market: 175.55 +0.72 (0.41%)

Las Vegas Sands (LVS):Craig-Hallum lowered their rating from Buy to Hold and lowered their target price from $71.00 to $62.00. Pre-market: 71.89 +0.92 (1.30%)

McDermott International (MDR): Macquarie lowered their rating from Outperform to Underperform and lowered their target price from $9.00 to $7.50.

Panera Bread (PNRA): Wedbush lowered their rating from Outperform to Neutral and lowered their target price from $190.00 to $165.00. Pre-market: 158.65 -1.90 (-1.18%)

Sanofi (SNY): Leerink lowered their rating from Outperform to Market Perform. Pre-market: 49.99 -0.14 (-0.28%)

UnitedHealth (UNH): Cantor Fitzgerald lowered their rating from Buy to Hold and lowered their target price from $75.00 to $70.00.

Coverage Initiated:

Finish Line (FINL): UBS initiated coverage with a Neutral rating and target price of $25.00.

Earning Reports:

Advanced Micro (AMD): Reported EPS of $0.04 beating estimates by +$0.02. Pre-market: 3.70 -0.39 (-9.54%)

Baker Hughes (BHI): Reported EPS of $0.81 beating estimates by +$0.03. Pre-market: 54.65 +2.87 (5.54%)

Capital One (COF): Reported EPS of $0.86 beating estimates by +$0.05. Pre-market: 73.00 +0.85 (1.18%)

Chipotle Mexican Grill (CMG): Reported EPS of $2.66 missing estimates by -$0.12. Pre-market: 473.55 +34.48 (7.85%)

General Electric (GE): Reported EPS of $0.36 beating estimates by +$0.01. Pre-market: 25.41 +0.73 (2.96%)

Google (GOOG): Reported EPS of $10.74 beating estimates by +0.37. Pre-market: 970.50 +81.71 (9.19%)

Honeywell (HON): Reported EPS of $1.25 beating estimates by +$0.01. Pre-market: 85.65 -1.09 (-1.26%)

Las Vegas Sands (LVS): Reported EPS of $0.82 beating estimates by +0.06. Pre-market: 71.89 +0.92 (1.30%)

Morgan Stanley (MS): Reported EPS of $0.50 beating estimates by +0.09. Pre-market: 29.88 +0.95 (3.28%)

Schlumberger (SLB): Reported EPS of $1.29 beating estimates by +0.05. Pre-market: 93.30 +1.87 (2.05%)

Stryker (SYK): Reported EPS of $0.98 missing estimates by -$0.02. Pre-market: 72.60 +0.05 (0.07%)

Textron (TXT): Reported EPS of $0.35 missing estimates by -$0.08. Pre-market: 26.20 -1.32 (-4.80%)

WD-40 (WDFC): Reported EPS of $0.53 beating estimates by +0.05.

Markets: 
Futures at 7:34: Dow +0.13%. S&P +0.30%. Nasdaq +0.58%. Crude +0.86% to $101.50. Gold -0.47% to $1316.70. U.S. 10 Year +6/32 2.571%.

Europe: London +0.48%. Paris +0.72%. Frankfurt +0.31%. 

Asia: Japan -0.17% to 14562. Hong Kong +1.06% to 23340. China +0.24% to 2194. India +2.29% to 20883. 

#RLPaler

Morning Coffee Pre-Market Wall Street News

Nike Beats EPS Estimates. Nike (NKE) shares are 7% higher premarket after the company reported EPS that beat Wall Street estimates. The company reported FQ1 EPS of $0.86 beat estimates of $0.78. Profits at the company jumped 38% to $780M and revenue rose 8% to an expected $6.97B. Nike saw high demand in the U.S. and many international markets for its athletic products, except for China.  Global futures orders, a leading indicator for top line growth, rose 8%. Pre-market: 75.36 +5.02 (7.14%)

Upgrades:

Nike (NKE): Sterne Agee raised their rating from Neutral to Buy. Pre-market: 75.36 +5.02 (7.14%)

Occidental Petroleum (OXY): Susquehanna raised their rating from Neutral to Positive and placed a target price of $114.00 on the company. Pre-market: 93.57 -0.01 (-0.01%)

Downgrades:

Bank of America (BAC): Guggenheim lowered their rating from Buy to Neutral. Pre-market: 13.99 -0.09 (-0.64%)

Goldman Sachs (GS): Guggenheim lowered their rating from Buy to Neutral. Pre-market: 161.50 -0.79 (-0.49%)

International Game Technology (IGT): Deutsche Bank lowered their rating from Buy to Hold and placed a target price of $22.00 on the company. After Hours: 20.60 -0.07 (-0.34%)

International Paper (IP): Deutsche Bank lowered their rating from Buy to Hold and lowered their target price from $54.00 to $51.00. Pre-market: 46.50 -0.79 (-1.67%)

Marathon Oil (MRO): Stifel lowered their rating from Buy to Hold. Pre-market: 35.00 -0.28 (-0.79%)

Coverage Initiated:

Masco Corp (MAS): FBR Capital initiated coverage with a Market Perform rating and target price of $24.00.

Owens Corning (OC): FBR Capital initiated coverage with an Outperform rating and target price of $50.00.

Earning Reports:

Accenture (ACN): Reported EPS of $1.01 missing estimates by -$0.01. After Hours: 72.90 -2.97 (-3.91%)

BlackBerry (BBRY): Reported EPS of -$0.47 in-line with estimates. Pre-market: 8.00 +0.05 (0.63%)

Finish Line (FINL): Reported EPS of $0.54 beating estimates by +$0.08. Pre-market: 25.00 +2.61 (11.66%)

Nike (NKE): Reported EPS of $0.86 beating estimates by +$0.08. Pre-market: 75.36 +5.02 (7.14%)

Thor Industries (THO): Reported EPS of $1.04 beating estimates by +$0.09.

Markets:

Futures at 6:20: Dow -0.31%. S&P -0.43%. Nasdaq -0.34%. Crude -0.57% to $102.49. Gold +0.14% at $1325.90. U.S. 10 Year +6/32 2.630%.

Europe:  London -0.82%. Paris -0.18%. Frankfurt -0.27%. 

Asia: Japan -0.26% to 14760. Hong Kong +0.35% to 23207. China +0.20% to 2160. India -0.84% to 19727.