Economy Adds 175,000 Jobs in February

Economy Adds 175,000 Jobs in February. After two disappointing job reports in December and January the Labor Department reported that 175,000 jobs were added in February. Economists had expected only 157,000 new jobs would have been created for the month. The unemployment rate did rise to 6.7% from 6.6%. While the December report was revised upward from 75,000 to 82,000 and January was revised to 129,000 from 113,000.

Upgrades:

Charter Communications (CHTR): Northland Securities raised their rating from Market Perform to Outperform.

Clean Harbors (CLH): Raymond James raised their rating from Market Perform to Buy and placed a target price of $60.00 on the company.

Fresh Market (TFM): UBS raised their rating from Neutral to Buy and raised their target price from $45.00 to $48.00. Pre-market: 34.90 +0.90 (2.65%)

Safeway (SWY): UBS raised their rating from Sell to Neutral. Pre-market: 38.08 -1.39 (-3.52%)

Sirius XM (SIRI): Macquarie raised their rating from Neutral to Outperform.

Skullcandy (SKUL): DA Davidson raised their rating from Underperform to Neutral. Pre-market: 9.27 +1.84 (24.76%)

Downgrades:

Safeway (SWY): BB&T lowered their rating from Buy to Hold. Pre-market: 38.08 -1.39 (-3.52%)

Staples (SPLS): Argus lowered their rating from Buy to Hold. Pre-market: 28.66 +0.27 (0.95%)

Coverage Initiated:

MGM Resorts (MGM): Ascendiant initiated coverage with a Buy rating and target price of $33.00. Pre-market: 28.66 +0.27 (0.95%)

Magna International (MGA): TD Securities initiated coverage with a Buy rating.

Salesforce.com (CRM): B. Riley initiated coverage with a Neutral rating and target price of $65.00. Pre-market: 63.14 0.00 (0.00%)

Earning Reports:

Big Lots (BIG): Reported EPS of $0.98 missing estimates by -$0.22. Pre-market: 34.02 +4.77 (16.31%)

Foot Locker (FL): Reported EPS of $0.82 beating estimates by +$0.06. Pre-market: 45.10 +2.37 (5.55%)

Skullcandy (SKUL): Reported EPS of $0.13 beating estimates by +$0.04. Pre-market: 9.27 +1.84 (24.76%)

Markets: 
Futures at 8:33: Dow +0.44%. S&P +0.40%. Nasdaq +0.30%. Crude +0.25% to $101.81. Gold -0.08% to $1350.70. U.S. 10 Year -17/32 to 2.799%.

Europe: London +0.05%. Paris +0.22%. Frankfurt -0.29%. 

Asia: Japan +0.92% to 15274. Hong Kong -0.19% to 22660. China -0.08% to 2058. India +1.89% to 21920. 

#TopWealthManager #RLPaler #FinancialPlanning #WallStreet #AnalystsRatings #EarningReports #LaborDepartment #JobNumbers #Unemployment

Twitter to Price IPO Shares.

Twitter to Price IPO Shares. The microblogging Web site Twitter (TWTR) is expected to price its IPO today with shares to begin trading tomorrow on the NYSE. The company raised the price range of the IPO shares to $23-$25 a share. The company is expected to sell 70M shares, which would generate $1.61-1.75B for the company and have a market cap of $12.5-13.6B.

Upgrades:

Cardinal Health (CAH): Sterne Agee raised their rating from Neutral to Buy and placed a target price of $73.00 on the company.

Louisiana-Pacific (LPX): TD Securities raised their rating from Reduce to Hold.

T-Mobile (TMUS): Canaccord raised their rating from Hold to Buy and raised their target price from $25.00 to $33.00.

Downgrades:

Advisory Board (ABCO): Raymond James lowered their rating from Outperform to Market Perform.

Buffalo Wild Wings (BWLD): Miller Tabak lowered their rating from Buy to Hold.

Tenet Healthcare (THC): Wells Fargo lowered their rating from Outperform to Market Perform and lowered their target range from $50-$55 to $41-$47.

Unilever (UN/UL): Normura lowered their rating from Buy to Neutral.

Coverage Initiated:

Morningstar (MORN): Keefe Bruyette initiated coverage with a Market Perform rating and target price of $91.00.

Earning Reports:

Carlyle (CG): Reported EPS of $0.51 missing estimates by -$0.08. Pre-market: 29.12 -1.01 (-3.35%)

Humana (HUM): Reported EPS of $2.31 beating estimates by +$0.14. Pre-market: 91.50 -2.45 (-2.61%)

Magna (MGA): Reported EPS of $1.39 beating estimates by +$0.04.

Polo Ralph Lauren (RL): Reported EPS of $2.23 beating estimates by +$0.03. Pre-market: 179.50 +8.31 (4.85%)

Sturm Ruger (RSG): Reported EPS of $1.44 missing estimates by -$0.02.

Tesla Motors (TSLA): Reported EPS of $0.12 beating estimates by +$0.02. Pre-market: 154.74 -22.07 (-12.48%)

Time Warner (TWX): Reported EPS of $1.01 beating estimates by +$0.12. Pre-market: 68.60 +0.37 (0.54%)

Zillow (Z): Reported EPS of -$0.05 beating estimates by +$0.02. Pre-market: 87.00 +4.69 (5.70%)

Markets: 
Futures at 6:20: Dow +0.5%. S&P +0.6%. Nasdaq +0.4%. Crude +0.8% to $94.11. Gold +0.7% to $1317.30. 

Europe: London +0.1%. Paris +0.9%. Frankfurt +0.5%. 

Asia: Japan +0.8% to 14337. Hong Kong 0.0% at 23037. China -0.8% to 2140. India -0.4% to 20895. 

#RLPaler #WallStreet #TwitterIPO #WealthManagement #EarningReports #AnalystsRatings

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.