Bank of America Faces More Lawsuits

Bank of America Faces More Lawsuits. Bank of America (BAC) is again being investigated by the U.S. Attorney’s Office with regards to the Federal Housing Administration's direct endorsement program. This is occurring while authorities in North America, Europe and Asia are probing BofA's conduct and practices in forex markets. The troubled banks potential litigation liabilities now stand at $6.1B versus just a year ago when it stood at $3.1B. Pre-market: 16.37 +0.03 (0.18%)

Upgrades:

Kroger (KR): JPMorgan raised their rating from Neutral to Overweight and raised their target price from $38.00 to $46.00.

LinkedIn (LNKD): RBC Capital raised their rating from Sector Perform to Outperform and raised their target price from $225.00 to $250.00. Pre-market: 216.60 +6.76 (3.22%)

Masco (MAS): KeyBanc raised their rating from Underweight to Hold. Pre-market: 22.99 +0.29 (1.28%)

Downgrades:

DreamWorks Animation (DWA): Piper Jaffray lowered their rating from Neutral to Underweight. Pre-market: 30.73 -4.47 (-12.70%)

Humana (HUM): Citigroup lowered their rating from Neutral to Sell.

Newmont Mining (NEM): Argus lowered their rating from Buy to Hold. Pre-market: 23.43 -0.32 (-1.35%)

Safeway (SWY): JPMorgan lowered their rating from Overweight to Neutral and lowered their target price from $41.00 to $40.00. Pre-market: 37.00 -0.13 (-0.35%)

Toll Brothers (TOLL): Keefe Bruyette lowered their rating from Outperform to Market Perform and lowered their target price from $42.00 to $40.00.

Coverage Initiated:

La Jolla Pharmaceutical (LJPC): Wedbush initiated coverage with an Outperform rating and target price of $27.00. Pre-market: 9.54 +1.94 (25.53%)

Earning Reports:

Abercrombie & Fitch (ANF): Reported EPS of $1.34 beating estimates by +$0.29. Pre-market: 37.90 +1.91 (5.31%)

Dollar Tree (DLTR): Reported EPS of $1.02 beating estimates by +$0.04. Pre-market: 50.55 -2.13 (-4.04%)

DreamWorks Animation (DWA): Reported EPS of $0.20 missing estimates by -$0.20. Pre-market: 30.73 -4.47 (-12.70%)

Dycom (DY): Reported EPS of -$0.09 in-line with estimates.

Lowe’s (LOW): Reported EPS of $0.31 in-line with estimates. Pre-market: 49.73 +1.62 (3.37%)

Royal Bank of Canada (RY): Reported EPS of $1.44 missing estimates by -$0.01.

SodaStream (SODA): Reported EPS of $0.16 beating estimates by +$0.02. Pre-market: 39.78 +0.70 (1.79%)

Target (TGT): Reported EPS of $0.81 in-line with estimates. Pre-market: 57.31 +0.80 (1.42%)

TASER (TASR): Reported EPS of $0.13 beating estimates by +$0.05. Pre-market: 20.50 +1.40 (7.33%)

Markets: 
Futures at 8:18: Dow +0.07%. S&P +0.09%. Nasdaq +0.10%. Crude +0.55% to $102.39. Gold -0.79% to $1332.20. U.S. 10 Year -3/32 to 2.713%.

Europe: London -0.46%. Paris -0.51%. Frankfurt -0.45%. 

Asia: Japan -0.54% to 14971. Hong Kong +0.54% to 22437. China +0.35% to 2041. India +0.65% to 20987. 

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

Intel Reports Mixed Results

Intel Reports Mixed Results. Intel (INTC) reported that their Q4 net profit rose +6.4% to $2.63B and that the company’s revenue increased +2.6% to $13.83B topping forecast. But the company also report EPS of only $0.51 missing Wall Street estimates by a penny. Intel also said that it "saw the (PC) market stabilize in the back half" of 2013. Sales at the PC CPU division were flat and operating profit rose 20%. PC sales have been in a decline for some time as consumers switch to mobile devices like smartphones and tablets. Pre-market: 25.29 -1.25 (-4.71%)

Upgrades:

American Express (AXP): Buckingham raised their rating from Neutral to Buy and raised their target price from $90.00 to $104.00. Pre-market: 89.15 +1.37 (1.56%)

American Express (AXP): Susquehanna raised their rating from Neutral to Positive and raised their target price from $90.00 to $107.00. Pre-market: 89.15 +1.37 (1.56%)

IBM (IBM): CLSA raised their rating from Outperform to Buy and raised their target price from $215.00 to $225.00. Pre-market: 189.00 +0.24 (0.13%)

Downgrades:

Best Buy (BBY): UBS lowered their rating from Buy to Neutral and lowered their target price from $48.00 to $29.00. Pre-market: 27.10 +0.27 (1.01%)

Best Buy (BBY): Goldman Sachs lowered their rating from Buy to Neutral and lowered their target price from $45.00 to $28.00. Pre-market: 27.10 +0.27 (1.01%)

Coverage Initiated:

Activision Blizzard (ATVI): CRT Capital initiated coverage with a Buy rating and target price of $23.00. Pre-market: 17.41 +0.08 (0.46%)

Electronic Arts (EA): CRT Capital initiated coverage with a Buy rating and target price of $26.00. Pre-market: 22.80 +1.26 (5.85%)

LinkedIn (LNKD): Topeka initiated coverage with a Hold rating. Pre-market: 229.50 -1.06 (-0.46%)

Nike (NKE): Macquarie initiated coverage with a Neutral rating and target price of $80.00. Pre-market: 74.82 +0.03 (0.04%)

Take-Two Interactive (TTWO): CRT Capital initiated coverage with a Fair Value rating and target price of $19.00. Pre-market: 16.68 0.00 (0.00%)

Earning Reports:

American Express (AXP): Reported EPS of 1.21 missing estimates by -$0.04. Pre-market: 89.15 +1.37 (1.56%)

BNY Mellon (BK): Reported EPS of $0.54 in-line with estimates. Pre-market: 33.46 -0.46 (-1.36%)

Comerica (CMA): Reported EPS of $0.77 beating estimates by +$0.03. Pre-market: 47.67 +0.24 (0.51%)

General Electric (GE): Reported EPS of $0.53 in-line with estimates. Pre-market: 26.55 -0.65 (-2.39%)

Intel (INTC): Reported EPS of 0.51 missing estimates by -$0.01. Pre-market: 25.29 -1.25 (-4.71%)

Morgan Stanley (MS): Reported EPS of $0.50 beating estimates by +$0.08. Pre-market: 32.45 +0.45 (1.41%)

Sallie Mae (SLM): Reported EPS of 0.61 missing estimates by -$0.12.

Schlumberger (SLB): Reported EPS of $1.35 beating estimates by +$0.02. Pre-market: 89.80 +1.19 (1.34%)

SunTrust Bank (STI): Reported EPS of $0.77 beating estimates by +$0.08. Pre-market: 38.55 +0.54 (1.42%)

Markets: 
Futures at 8:32: Dow +0.08%. S&P +0.05%. Nasdaq -0.05%. Crude +0.79% to $94.70. Gold +0.30% to $1243.90. U.S. 10 Year +3/32 to 2.837%.

Europe: London -0.01%. Paris -0.04%. Frankfurt +0.08%. 

Asia: Japan -0.08% to 15734. Hong Kong +0.64% to 23133. China -0.93% to 2005. India -0.95% to 21063. 

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

Consumer Electronics Show Opens Today in Vegas.

Consumer Electronics Show Opens Today in Vegas. This year’s CES officially opens today in Las Vegas. The highly anticipated event already has several companies making announcements. Samsung (SSNLF) announced that their smartphones will connect to refrigerators and that their tablets will be powerful enough for business users. The company also is showcasing their curved 4K HD TV’s.  Microsoft (MSFT) said that they have now sold over 3 million Xbox One devices. Sony (SNE) unveiled a waterproof smartphone and Auto manufacturers are looking to turn cars into driverless mobile devices.

Upgrades:

Johnson & Johnson (JNJ): RBC Capital raised their rating from Sector Perform to Outperform and raised their target price from $88.00 to $104.00. Pre-market: 93.35 +1.02 (1.10%)

St Jude Medical (STJ): RBC Capital raised their rating from Underperform to Sector Perform and raised their target price from $44.00 to $64.00.

Yum! Brands (YUM): RBC Capital raised their rating from Outperform to Top Pick and raised their target price from $85.00 to $87.00. Pre-market: 76.98 +1.48 (1.96%)

Downgrades:

AFLAC (AFL): Credit Suisse lowered their rating from Outperform to Neutral. Pre-market: 121.00 +4.98 (4.29%)

Archer Daniels Midland (ADM): Stephens lowered their rating from Overweight to Equal Weight.

Baker Hughes (BHI): Cowen lowered their rating from Outperform to Market Perform and lowered their target price from $70.00 to $56.00. Pre-market: 52.90 -0.50 (-0.94%)

Baxter Intl (BAX): RBC Capital lowered their rating from Outperform to Sector Perform and placed a target price of $73.00 on the company. Pre-market: 69.26 -0.16 (-0.23%)

International Game Tech (IGT): Argus lowered their rating from Buy to Hold. Pre-market: 17.50 -0.08 (-0.46%)

LinkedIn (LNKD): BofA Merrill Lynch lowered their rating from Buy to Neutral and lowered their target price from $270.00 to $240.00. Pre-market: 199.00 -4.92 (-2.41%)

Monsanto (MON): Topeka lowered their rating from Buy to Hold.

Coverage Initiate:

Genworth Financial (GNW): Compass Point initiated coverage with a Buy rating and target price of $22.00. Pre-market: 16.09 +0.31 (1.96%)

WD-40 (WDFC): B. Riley initiated coverage with a Buy rating and target price of $91.00.

Earning Reports:

IHS (IHS): Reported EPS of $1.46 beating estimates by +$0.16.

Sonic (SONC): Reported EPS of $0.13 in-line with estimates. Pre-market: 20.30 +1.05 (5.45%)

Markets: 
Futures at 4:21: Dow +0.25%. S&P +0.12%. Nasdaq +0.48%. Crude +0.57% to $93.96. Gold -0.01% to $1237.80. U.S. 10 Year -3/32 to 2.949%.

Europe: London +0.39%. Paris +0.40%. Frankfurt +0.58%. 

Asia: Japan -0.59% to 15814. Hong Kong +0.13% to 22713. China +0.08% to 2047. India -0.45% to 20693. 

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

Chrysler IPO to Début in December

Chrysler IPO to Début in December. Reports say that Chrysler could reportedly carry out its IPO this December. The lead underwriters Bank of America (BAC) and JPMorgan (JPM) will be joined by Barclays (BCS), Goldman Sachs (GS), Morgan Stanley (MS) and UBS (UBS).

Upgrades:

Green Mountain Coffee Roasters (GMCR): Janney Capital raised their rating from Neutral to Buy and raised their target price from $75.00 to $80.00.

Hillshire Bands (HSH): BMO Capital raised their rating from Market Perform to Outperform and raised their target price from $31.00 to $41.00.

Downgrades:

American Railcar Industries (ARII): Raymond James lowered their rating from Outperform to Underperform.

J.M. Smucker (SJM): JPMorgan lowered their rating from Overweight to Neutral and placed a target price of $110.00 on the company.

Qualcomm (QCOM): Raymond James lowered their rating from Strong Buy to Outperform and placed a target price of $79.00 on the company.

Republic Services (RSG): Goldman Sachs lowered their rating from Buy to Neutral and placed a target price of $36.00 on the company.

Coverage Initiated:

Baltic Trading (BALT): Longbow initiated coverage with a Buy rating and target price of $7.00.

Diana Shipping (DSX): Maxim initiated coverage with a Buy rating and target price of $14.00.

Facebook (FB): FBR Capital initiated coverage with an Outperform rating and target price of $60.00.

Genco Shipping & Trading (GNK): Maxim initiated coverage with a Hold rating.

LinkedIn (LNKD): FBR Capital initiated coverage with an Market Perform rating and target price of $214.00.

Navastar Intl (NAV): Longbow initiated coverage with a Neutral rating.

Star Bulk Containers (SBLK): Maxim initiated coverage with a Buy rating and target price of $12.00.

Earning Reports:

Abercrombie & Fitch (ANF): Reported EPS of $0.52 beating estimates by +$0.08. Pre-market: 34.00 -0.99 (-2.83%)

Dollar Tree (DLTR): Reported EPS of $0.58 missing estimates by -$0.02. Pre-market: 55.55 -3.37 (-5.72%)

Gamestop (GME): Reported EPS of $0.58 beating estimates by +$0.01.

Sears Hldg (SHLD): Reported EPS of -$5.03 missing estimates by -$1.64.

Target (TGT): Reported EPS of $0.54 missing estimates by -$0.10.

Markets: 
Futures at 6:20: Dow +0.25%. S&P +0.2%. Nasdaq +0.3%. Crude 0.0% at $93.35. Gold -0.9% to $1246.60. U.S. 10 Year -5/32 2.823%.

Europe: London +0.1%. Paris -0.3%. Frankfurt -0.3%. 

Asia, Japan +1.9% to 15365.6. Hong Kong -0.5% to 23580. China 0.0% at 2206. India -2% to 20229.

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