Armed Russian Soldiers Take Over Ukrainian Airports

Armed Russian Soldiers Take Over Ukrainian Airports. In an escalation of events in Ukraine, Russian soldiers have taken over two airports in Crimea.  This comes after armed soldiers stormed government building yesterday and removed the Ukrainian flag while replacing it with the Russian flag. Ukraine's acting interior minister said that the actions by Russia are an "armed invasion and occupation." The heavily armed soldiers equipped with AK47’s, machineguns, and RPG’s are wearing Russian uniformed with all markings removed. The Russian government is not commenting on any troop movements in Ukraine. Ukraine’s interim government has called for emergency U.N. meetings to address the situation. Additionally, Ukraine's central bank has limited foreign-currency bank withdrawals to 15,000 hryvnia ($1,500) a day.

Upgrades:

Deckers Outdoor (DECK): Susquehanna raised their rating from Neutral to Positive and raised their target price from $78.00 to $87.00. Pre-market: 74.47 -10.20 (-12.05%)

Dynergy (DYN): ISI Group raised their rating from Cautious to Neutral and placed a target price of $24.00 on the company.

Gap (GPS): Atlantic Equities raised their rating from Underweight to Neutral. Pre-market: 43.62 -0.06 (-0.14%)

Total S.A. (TOT): UBS raised their rating from Neutral to Buy. Pre-market: 64.48 +0.94 (1.48%)

Downgrades:

Diego PLC (DEO): RBC Capital lowered their rating from Sector Perform to Underperform. Pre-market: 126.22 +0.92 (0.73%)

Fresh Market (TFM): Raymond James Lowered their rating from Strong Buy to Outperform.

Mylan (MYL): Needham lowered their rating from Buy to Hold. Pre-market: 55.80 -0.47 (-0.84%)

NII Holdings (NIHD): Raymond James lowered their rating from Outperform to Market Perform. Pre-market: 1.33 -1.25 (-48.35%)

Earning Reports:

Gap (GPS): Reported EPS of $0.68 beating estimates by +$0.02. Pre-market: 43.62 -0.06 (-0.14%)

Iron Mountain (IRM): Reported EPS of $0.22 in-line with estimates. Pre-market: 28.89 +0.48 (1.69%)

NII Holdings (NIHD): Reported EPS of -4.33 missing estimates by -$2.48. Pre-market: 1.33 -1.25 (-48.35%)

Ross Stores (ROST): Reported EPS of $1.02 in-line with estimates.

Salesforce.com (CRM): Reported EPS of $0.07 beating estimates by +$0.01. Pre-market: 66.00 -0.22 (-0.33%)

Markets: 
Futures at 8:26: Dow -0.04%. S&P -0.07%. Nasdaq -0.07%. Crude -0.21% to $102.19. Gold +0.07% to $1332.70. U.S. 10 Year -7/32 to 2.666%.

Europe: London -0.14%. Paris -0.22%. Frankfurt +0.13%. 

Asia: Japan -0.55% to 14841. Hong Kong +0.04% at 22837. China +0.44% to 2056. India +0.63% to 21120. 

#TopWealthManager #RLPaler #WallStreet #Ukraine #FinancialPlanning #AnalystsRatings #EarningReports

Morning Coffee Pre-Market Wall Street News

Japan’s Debt Tops ¥1 quadrillion. Think the U.S. has a debt problem? Japan's national debt has passed ¥1 quadrillion mark first time. The country’s debt increased +1.7% in Q2 to ¥1,008.6T ($10.46T). Japans debt is now more than combined economies of Germany, France and the U.K. and more than twice the country’s GDP.   

Upgrades:

Baidu (BIDU): Citigroup raised their rating from Neutral to Buy and raised their target price from $113.00 to $167.00. Pre-market: 139.00 +3.26 (2.40%)

Cisco Systems (CSCO): JPMorgan raised their rating from Underweight to Neutral and raised their target price from $18.00 to $26.00. Pre-market: 26.40 +0.14 (0.53%)

J.C. Penney (JCP): Northcoast raised their rating from Sell to Neutral. Pre-market: 13.30 -0.36 (-2.64%)

Mosaic (MOS): BGC Financial raised their rating from Hold to Buy and placed a target price of $50.00 on the company. Pre-market: 43.95 +0.47 (1.08%)

St Jude Medical (STJ): Wells Fargo raised their rating from Market Perform to Outperform and raised their target range from $52.00 - $53.00 to $$61.00 - $62.00.

Tim Hortons (THI): BMO Capital raised their rating from Underperform to Market Perform and raised their target price from $57.00 to $60.00. Pre-market: 58.04 0.00 (0.00%)

Downgrades:

Gap Inc (GPS): Susquehanna lowered their rating from Positive to Neutral and raised their target price from $46.00 to $49.00. Pre-market: 44.53 -0.99 (-2.17%)

Foot Locker (FL): Goldman Sachs lowered their rating from Buy to Neutral and lowered their target price from $41.00 to $37.00. Pre-market: 34.58 -1.09 (-3.06%)

Coverage Initiated:

EOG Resources (EOG): Iberia initiated coverage with an Outperform rating and target price of $200.00.

Earning Reports:

DeVry (DV): Reported EPS of $0.54 beating estimates by +$0.13.

Lions Gate Entertainment (LGF): Reported EPS of $0.18 beating estimates by +$0.10. Pre-market: 35.54 +1.31 (3.83%)

Magna (MGA): Reported EPS of $1.78 beating estimates by +$0.14. Pre-market: 78.96 +2.00 (2.60%)

NRG Energy (NRG): Reported EPS of $0.39 beating estimates by +$0.33. Pre-market: 26.73 -0.17 (-0.63%)

Priceline.com (PCLN): Reported EPS of $9.70 beating estimates by +$0.28. Pre-market: 992.50 +58.75 (6.29%)

Markets: 
Futures at 8:30: Dow -0.26%. S&P -0.24%. Nasdaq -0.06%. Crude +0.54% to $103.97. Gold -0.11% to $1308.10. US 10 Year 0/32 2.591%.

Europe: London +0.49%. Paris +0.05%. Frankfurt +0.11%. 

 Asia: Japan +0.07% to 13615. Hong Kong +0.70% to 21808. China +0.36% to 2052. India +0.67% to 18,789. 

Morning Coffee Pre-Market Wall Street News

Durable Goods Beats Forecast. Orders for U.S. durable goods increase more than economists had estimated in April. Bookings for equipment, meant to last more than three years rose 3.3%, while economists had expected an increase of only 1.6%.  This come on the heels of March’s revised -5.9% decline. Bookings for commercial aircraft climbed 18.1% last month after slumping 43% in March. Excluding transportation equipment, durable orders climbed 1.3%, which is the first gain in three months. Bookings for non-defense capital goods excluding aircraft increased 1.2% after a 0.9% in March.

Upgrades

Pandora Media (P): RBC Capital raised their rating from Sector Perform to Outperform and raised their target price from $16.00 to $24.00. Pre-market: 19.07 +1.91 (11.13%)

Procter & Gamble (PG): UBS raised their rating from Neutral to Buy and raised their target price from $75.00 to $95.00. Pre-market: 81.65 +2.95 (3.75%)

Sherwin-Williams (SHW): Robert W. Baird raised their rating from Neutral to Outperform and raised their target price from $180.00 to $205.00.

Wendy’s (WEN): Janney Capital raised their rating from Neutral to Buy. Pre-arket: 6.20 +0.20 (3.33%)

Downgrades

Cirrus Logic (CRUS): Canaccord lowered their rating from Buy to Hold and lowered their target price from $25.00 to $18.00. Pre-market: 17.86 +0.10 (0.56%)

rue21 (RUE): Janney Capital lowered their rating from Buy to Neutral and placed a target price of $42.00 on the company.

Saks (SKS): Argus lowered their rating from Buy to Hold.

Salesforce.com (CRM): Wedbush lowered their rating from Outperform to Neutral and lowered their target price from $51.00 to $42.00. Pre-market: 43.02 -2.67 (-5.84%)

Earning Reports

Abercrombie & Fitch (ANF): Reported EPS of -$0.09 missing estimates by -$0.04. Pre-market: 49.85 -4.52 (-8.31%)

Aeropostale (ARO): Reported EPS of -$0.16 beating estimates by +$0.01. Pre-market: 15.50 -0.98 (-5.95%)

Foot Locker (FL): Reported EPS of $0.91 beating estimates by +$0.03. Pre-market: 34.85 -0.83 (-2.33%)

Gap (GPS): Reported EPS of $0.71 beating estimates by +$0.02. Pre-market: 40.50 -0.86 (-2.08%)

Pandora Media (P): Reported EPS of -$0.10 in-line with estimates. Pre-market: 19.07 +1.91 (11.13%)

Ross Stores (ROST): Reported EPS of $1.07 in-line with estimates.

Salesforce.com (CRM): Reported EPS of $0.10 in-line with estimates. Pre-market: 43.02 -2.67 (-5.84%)

Sears Holdings (SHLD): Reported EPS of -$1.29 missing estimates by -$0.69. Pre-market: 48.95 -9.22 (-15.85%)

Williams-Sonoma (WSM): Reported EPS of $0.41 beating estimates by +$0.05.

Zumiez (ZUMZ): Reported EPS of $0.13 beating estimates by +$0.01.

Markets: 
Futures at 8:25: Dow -0.28%. S&P -0.40%. Nasdaq -0.46%. Crude -0.67% to $93.60. Gold +0.01% to $1392.10.

Europe: London -0.40%. Paris +0.34%. Frankfurt -0.23%. 

Asia: Japan +0.89% to 14612. Hong Kong -0.23% to 22619. China +0.57% to 2289. India +0.15% to 19704.