Posts
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%.
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.
