Stock Market Futures Point to Small Gain at Opening. Stock futures show the market opening with a small gain after the release of the latest ADP employment numbers. ADP reported that private employment for March came in at 191,000 up from 178,000 in February, but below economist estimates of 215,000 jobs. Economists are also expected the government jobs report to come in at 250,000 new jobs of Friday. Factory orders for February are also expected to be released today at 10:00 a.m. Economist expect to see a 1.1% increase.

Upgrades:

Comerica (CMA): Wells Fargo raised their rating from Underperform to Market Perform.

Intuitive Surgical (ISRG): JMP Securities raised their rating from Market Underperform to Market Outperform and placed a target price of $700.00 on the company. Pre-market: 508.00 +14.40 (2.92%)

W.P. Carey (WPC): First Call raised their rating from Buy to Strong Buy.

Downgrades:

Edison International (EIX): Argus lowered their rating from Buy to Hold.

Potash Corp. (POT): Alta Corp lowered their rating from Sector Perform to Underperform and placed a target price of $28.00 on the company. Pre-market: 34.93 -0.39 (-1.10%)

U.S. Bancorp (USB): Sandler O’Neil lowered their rating from Buy to Hold. Pre-market: 42.83 -0.16 (-0.37%)

Coverage Initiated:

Ford Motor Co. (F): Nomura initiated coverage with a Neutral rating and target price of $15.00. Pre-market: 16.35 +0.03 (0.18%)

General Motors (GM): Nomura initiated coverage with a Reduce rating and target price of $32.00. Pre-market: 34.61 +0.27 (0.79%)

Honda Motor (HMC): Credit Suisse initiated coverage with a Outperform rating. Pre-market: 35.48 +0.28 (0.80%)

NRG Energy (NRG): Barclays resumed coverage with an Overweight rating and target price of $36.00.

Textron (TXT): JPMorgan resumed coverage with an Overweight rating and target price of $44.00.

Earning Reports:

Jos. A. Bank (JOSB): Reported EPS of $1.07 in-line with estimates.

Monsanto (MON): Reported EPS of $3.15 beating estimates by $0.08. Pre-market: 114.97 +0.98 (0.86%)

Markets: 
Futures at 8:46: Dow +0.08%. S&P +0.03%. Nasdaq +0.14%. Crude -0.77% to $98.97. Gold +1.00% to $1292.50. U.S. 10 Year -6/32 to 2.778%.

Europe: London +0.09%. Paris +0.09%. Frankfurt +0.26%. 

Asia: Japan +1.04% to 14946. Hong Kong +0.34% to 22524. China +0.56% to 2056. India +0.47% to 2253. 

#RLPaler #TopWealthManager #WallStreet #Stocks #ADPEmployment

Disney Reports Good Quarterly Results. Walt Disney's (DIS) reported quarterly results that beat Wall Street’s expectations. Disney announced that their FQ1 net profit rose +33% to $1.84B and earnings of $1.04. Revenue at the entertainment giant climbed +8.6% to $12.31B. Sales grew across all of Disney's different divisions with close to half of the company's profit coming from Media Networks, led by ESPN. The films "Frozen" and "Thor: The Dark World" helped studio revenue leap +23% to $1.89B. Pre-market: 74.65 +2.89 (4.03%)

Upgrades:

American Express (AXP): Janney Capital raised their rating from Neutral to Buy and placed a target price of $90.00 on the company. Pre-market: 84.25 +0.53 (0.63%)

Green Mountain Coffee (GMCR): Stifel raised their rating from Sell to Hold. Pre-market: 112.20 +31.32 (38.72%)

Mosaic (MOS): HSBC raised their rating from Underweight to Neutral. Pre-market: 45.25 +0.39 (0.87%)

Downgrades:

Diamond Offshore (DO): Iberia lowered their rating from Sector Perform to Underperform and placed a target price of $30.00 on the company. Pre-market: 47.25 +0.74 (1.59%)

Ford Motor Co. (F): Argus lowered their rating from Buy to Hold. Pre-market: 14.64 -0.09 (-0.61%)

Twitter (TWTR): Sterne Agee lowered their rating from Neutral to Underperform and placed a target price of $43.00 on the company. Pre-market: 50.71 -15.26 (-23.13%)

Twitter (TWTR): Atlantic Equities lowered their rating from Neutral to Underweight. Pre-market: 50.71 -15.26 (-23.13%)

Coverage Initiated:

Dow Chemical (DOW): BGC Financial initiated coverage with a Buy rating and target price of $55.00. Pre-market: 45.40 +0.55 (1.23%)

Earning Reports:

Advance Auto (AAP): Reported EPS of $0.94 beating estimates by +$0.13. Pre-market: 123.00 +12.25 (11.06%)

AOL (AOL): Reported EPS of $0.43 missing estimates by -$0.05. Pre-market: 49.49 +1.92 (4.04%)

Dunkin Brands (DNKN): Reported EPS of $0.43 beating estimates by +$0.03. Pre-market: 48.31 +1.01 (2.14%)

General Motors (GM): Reported EPS of $0.67 missing estimates by -$0.22. Pre-market: 34.57 -0.67 (-1.90%)

Kellogg (K): Reported EPS of $0.83 beating estimates by +$0.01. Pre-market: 57.00 -0.37 (-0.64%)

Snap-On (SNA): Reported EPS of $1.60 beating estimates by +$0.04.  

Sony (SNE): Reported EPS of $26.00 beating estimates by +$11.40.  Pre-market: 15.18 -0.72 (-4.53%)

Twitter (TWTR): Reported EPS of $0.02 beating estimates by +$0.03. Pre-market: 50.71 -15.26 (-23.13%)

Walt Disney (DIS): Reported EPS of $1.04 beating estimates by +$0.15. Pre-market: 74.65 +2.89 (4.03%)

Markets: 
Futures at 8:39: Dow +0.42%. S&P +0.42%. Nasdaq +0.52%. Crude +0.77% to $98.13. Gold +0.01% to $1257.20. U.S. 10 year -3/32 to 2.683%.

Europe: London +0.74%. Paris +0.48%. Frankfurt +0.42%.

Asia: Japan -0.18% to 14155. Hong Kong +0.72% to 21423. China closed. India +0.25% at 20311. 

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

Foster Wheeler to Be Acquired. Foster Wheeler (FWLT) will be acquired by U.K. engineering company Amec (AMCBF) for £1.9B ($3.13B) in cash and stock. Foster shareholders will receive 23% in Amec which will seek a U.S. listing. The company said in a statement that the transaction will position Amec "to serve across the whole oil and gas value chain," and that, "adding mid and downstream capabilities to Amec's existing upstream focus and bringing new customer relationships."

Upgrades:

Broadcom (BRCM): B. Riley raised their rating from Neutral to Buy and raised their target price from $29.00 to $37.00. Pre-market: 29.05 +0.14 (0.48%)

Carnival (CCL): SunTrust raised their rating from Reduce to Neutral.

Jacobs Engineering (JEC): UBS raised their rating from Neutral to Buy and raised their target price from $60.00 to $75.00.

Macys’ (M): Macquarie raised their rating from Neutral to Outperform.

Visa (V): Citigroup raised their rating from Neutral to Buy and raised their target price from $212.00 to $265.00.

Downgrades:

Berkshire Hathaway (BRK.A/BRK.B): ResearchTeam lowered their rating from Hold to Reduce. Pre-market: 114.80 -0.17 (-0.15%)

Canadian Imperial Bank (CM): ResearchTeam lowered their rating from Hold to Reduce.

Charles Schwab (SCHW): CLSA lowered their rating from Outperform to Underperform.

Mattel (MAT): ResearchTeam lowered their rating from Accumulate to Hold.

Oceaneering Intl (OII): ISI Group lowered their rating from Strong Buy to Neutral.

Ryder Systems (R): ResearchTeam lowered their rating from Accumulate to Hold.

SAP AG (SAP): Pacific Crest lowered their rating from Outperform to Market Perform. Pre-market: 83.07 -0.47 (-0.56%)

Symantec (SYMC): Morgan Stanley lowered their rating from Equal Weight to Underweight and placed a target price of $21.00 on the company. Pre-market: 22.95 -0.52 (-2.22%)

Transocean (RIG): ISI Group lowered their rating from Neutral to Cautious. Pre-market: 48.48 -0.05 (-0.10%)

Coverage Initiated:

Ford Motor Co (F): ISI Group initiated coverage with a Strong Buy rating and target price of $22.00. Pre-market: 16.34 +0.27 (1.68%)

General Motors (GM): ISI Group initiated coverage with a Neutral rating and target price of $45.00. Pre-market: 40.30 +0.27 (0.67%)

Hewlett-Packard (HPQ): Atlantic Equities initiated coverage with an Overweight rating and target price of $36.00.

IBM (IBM): Atlantic Equities initiated coverage with a Neutral rating and target price of $195.00.

Markets: 
Futures at 6:20: Dow -0.1%. S&P -0.3%. Nasdaq -0.3%. Crude -0.7%to $92.11. Gold -0.1% to $1245.60. 

Europe: London 0.0%. Paris +0.1%. Frankfurt +0.2%. 

Asia: Japan +0.2% to 15912. Hong Kong +0.2% to 22889. China -0.2% to 2010. India +1.8% to 21134. 

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

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

Morning Coffee Pre-Market Wall Street News

Microsoft Share Jump On Earnings. Microsoft (MSFT) reported that their FQ1 net profit climbed +16% to $5.2B.  EPS were reported at $0.62 beating Wall Street estimates by $0.08. Revenues at the company also rose +16% to $18.53B. Microsoft's performance was boosted by strong corporate sales of its Office and server software.  Earlier this week Apple (APPL) announced that they would begin offering their latest operating system Maverick for free along with iWork which is their version of Office. Pre-market: 35.74 +2.02 (5.99%)

Upgrades:

Brinker Intl (EAT): Wunderlich raised their rating from Hold to Buy and raised their target price from $44.00 to $50.00.

Colgate-Palmolive (CL): Canaccord raised their rating from Sell to Hold and raised their target price from $52.00 to $58.00.

DuPont (DD): Citigroup raised their rating from Neutral to Buy and raised their target price from $61.00 to $70.00.

Ford Motor (F): CLSA raised their rating from Underperform to Outperform and raised their target price from $18.00 to $20.00.

Hasbro (HAS): BMO Capital raised their rating from Underperform to Market Perform and raised their target price from $38.00 to $50.00.

Sony (SNE): Credit Suisse raised their rating from Neutral to Outperform. Pre-market: 19.14 0.00 (0.00%)

Western Digital (WDC): Craig-Hallum raised their rating from Sell to Hold and placed a target price of $70.00 on the company. Pre-market: 70.50 -0.04 (-0.06%)

Downgrades:

Caterpillar (CAT): Atlantic Equities lowered their rating from Overweight to Neutral.

Transocean (RIG): Guggenheim lowered their rating from Buy to Neutral and lowered their target price from $58.00 to $53.00. Pre-market: 48.75 -0.27 (-0.55%)

Wynn Resorts (WYNN): Craig-Hallum lowered their rating from Buy to Hold and lowered their target price from $170.00 to $160.00. Pre-market: 170.02 -2.83 (-1.64%)

Coverage Initiated:

Walt Disney (DIS): FBR Capital initiated coverage with an Outperform rating and target price of $84.00.

Earning Reports:

AbbVie (ABBV): Reported EPS of $0.82 beating estimates by +$0.04. Pre-market: 48.90 +0.97 (2.02%)

DTE Energy (DTE): Reported EPS of $1.13 missing estimates by -$0.08.

Eaton (ETN): Reported EPS of $1.12 in-line with estimates. Pre-market: 67.50 -1.00 (-1.46%)

Express Scripts (ESRX): Reported EPS of $1.08 in-line with estimates. Pre-market: 62.49 -1.25 (-1.96%)

Microsoft (MSFT): Reported EPS of $0.62 beating estimates by +$0.08. Pre-market: 35.74 +2.02 (5.99%)

National Oilwell Varco (NOV): Reported EPS of $1.34 beating estimates by +$0.02. Pre-market: 82.00 +2.87 (3.63%)

Newell Rubbermaid (NWL): Reported EPS of $0.52 beating estimates by +$0.03. Pre-market: 30.10 +1.18 (4.08%)

NETGEAR (NTGR): Reported EPS of $0.58 in-line with estimates. Pre-market: 30.00 -2.14 (-6.66%)

Procter & Gamble (PG): Reported EPS of $1.05 in-line with estimates. Pre-market: 80.30 -0.31 (-0.38%)

Sherwin-Williams (SHW): Reported EPS of $2.68 beating estimates by +$0.04. Pre-market: 190.00 +3.00 (1.60%)

Synaptics (SYNA): Reported EPS of $1.31 beating estimates by +$0.08. Pre-market: 50.07 -2.97 (-5.60%)

UPS (UPS): Reported EPS of $1.16 beating estimates by +$0.01. Pre-market: 96.39 +1.90 (2.01%)

Weyerhaeuser (WY): Reported EPS of $0.27 beating estimates by +$0.05. Pre-market: 31.20 +0.90 (2.97%)

Wynn Resorts (WYNN): Reported EPS of $1.84 beating estimates by +$0.12. Pre-market: 170.02 -2.83 (-1.64%)

Markets: 
Futures at 6:17: Dow -0.03%. S&P +0.02%. Nasdaq +0.27%. Crude +0.13% to $97.24. Gold -0.88% to $1338.30. U.S. 10 Year +5/32 2.506%.

Europe: London +0.14%. Paris +0.01%. Frankfurt +0.17%. 

Asia: Japan -2.78% to 14088. Hong Kong -0.60% to 22698. China -1.45% to 2133. India -0.20% to 20684.