Gunman Storm Buildings in Ukraine

Gunman Storm Buildings in Ukraine. In Ukraine’s Crimea region gunmen stormed government buildings replacing the Ukrainian flag with the Russian flag. Ukraine’s provisional government said they are taking measures “to counter extremist actions.” Russia has a naval base in the area and Ukrainian authorities have also warned Russian troops to stay on their base. This comes after Russian troops staged military drills along Ukraine’s boarder in a show of force yesterday. Reports also indicate that the Russian government has given protection to deposed Ukraine President Viktor Yanukovych.

Upgrades:

JCPenney (JCP): Wells Fargo raised their rating from Underperform to Market Perform and raised their target range from $4.00-$5.00 to $6.00-$7.00. Pre-market: 7.35 +1.39 (23.32%)

Molson Coors Brewing (TAP): First Call raised their rating from Hold to Buy.

Sony Corp. (SNE): Citigroup raised their rating from Neutral to Buy.

Downgrades:

Baidu (BIDU): Morgan Stanley lowered their rating from Overweight to Equal Weight and lowered their target price from $185.40 to $179.50. Pre-market: 175.38 +2.48 (1.43%)

Clean Harbors (CLH): Wedbush lowered their rating from Outperform to Neutral and lowered their target price from $74.00 to $50.00. Pre-market: 45.91 -0.17 (-0.37%)

Western Union (WU): SunTrust lowered their rating from Neutral to Reduce and lowered their target price from $15.00 to $13.00.

Coverage Initiated:

Microsoft (MSFT): B. Riley initiated coverage with a Neutral rating and target price of $39.00.

Oracle (ORCL): B. Riley initiated coverage with a Buy rating and target price of $48.00.

Ross Stores (ROST): Wedbush initiated coverage with an Outperform rating and target price of $83.00.

SAP AG (SAP): B. Riley initiated coverage with a Neutral.

Textron (TXT): Jeffries initiated coverage with a Buy rating and target price of $46.00.

TJX Cos. (TJX): Wedbush initiated coverage with a Neutral rating and target price of $63.00.

Earning Reports:

Best Buy (BBY): Reported EPS of $1.24 beating estimates by +$0.23. Pre-market: 27.69 +1.87 (7.24%)

Dynegy (DYN): Reported EPS of -$3.56 missing estimates by -$4.31.

Foster Wheeler (FWLT): Reported EPS of $0.47 beating estimates by +$0.07. Pre-market: 32.60 +0.68 (2.13%)

Kohl's (KSS): Reported EPS of $1.56 beating estimates by +$0.01. Pre-market: 55.10 +0.66 (1.21%)

Sears Holdings (SHLD):  Reported EPS of -$3.37 missing estimates by -$1.77. Pre-market: 42.60 +2.20 (5.45%)

Wendy’s (WEN): Reported EPS of $0.11 beating estimates by +$0.01. Pre-market: 10.09 -0.10 (-0.98%)

Markets: 
Futures at 8:47: Dow 0.0%. S&P -0.03%. Nasdaq +0.14%. Crude -0.11% to $102.48. Gold +0.26% to $1331.40. U.S. 10 Year +2/32 to 2.658%.

Europe: London -0.24%. Paris -0.36%. Frankfurt -1.01%. 

Asia: Japan -0.32% to 14923. Hong Kong +1.74% to 22830. China +0.30% to 2047. India closed. 

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Cisco Shares Lower on Quarterly Results

Cisco Shares Lower on Quarterly Results. Cisco Systems (CSCO) reported their FQ2 earnings with mixed results.  The company reported EPS of $0.47 beating Wall Street estimates by +$0.01. But net profit at the company declined 55% to $1.4B after the company took a $655M charge due to memory-chip problems. Adjusted revenue fell 7.4% to $11.2B. The company also forecast that sales would decline another 6-8% in FQ3. Pre-market: 22.06 -0.79 (-3.46%)

Upgrades:

Children’s Place (PLCE): Piper Jaffray raised their rating from Neutral to Overweight and raised their target price from $54.00 to $62.00.

Forward Air (FWRD): Stephens raised their rating from Equal Weight to Overweight and raised their target price from $40.00 to $55.00.

NVIDIA (NVDA): B. Riley raised their rating from Neutral to Buy and raised their target price from $14.00 to $21.00. Pre-market: 17.45 +0.62 (3.68%)

Downgrades:

Angie’s List (ANGI): Stifel lowered their rating from Buy to Hold. Pre-market: 13.72 -3.38 (-19.77%)

Angie’s List (ANGI): Raymond James lowered their rating from Strong Buy to Market Perform. Pre-market: 13.72 -3.38 (-19.77%)

Coverage Initiated:

Constellation Brands (STZ): Citigroup initiated coverage with a Neutral rating and target price of $80.00.

Equifax (EFX): Wells Fargo initiated coverage with a Market Perform rating and target range of $69.00 - $76.00.

Moody’s (MCO): Wells Fargo initiated coverage with a Market Perform rating and target range of $78.00 - $87.00.

Sempra Energy (SRE): Wells Fargo initiated coverage with a Outperform rating and target range of $99.00 - $102.00.

Earning Reports:

Burger King (BKW): Reported EPS of $0.24 beating estimates by +$0.01. Pre-market: 25.51 +0.03 (0.12%)

Cabela’s (CAB): Reported EPS of $1.32 missing estimates by -$0.09. Pre-market: 63.57 -6.24 (-8.94%)

Cisco Systems (CSCO): Reported EPS of $0.47 beating estimates by +$0.01. Pre-market: 22.06 -0.79 (-3.46%)

Goodyear Tire (GT): Reported EPS of $0.74 beating estimates by +$0.11. Pre-market: 25.00 +0.83 (3.43%)

Molson Coors Brewing (TAP): Reported EPS of $0.68 missing estimates by -$0.04.

PepsiCo (PEP): Reported EPS of $1.05 beating estimates by +$0.04. Pre-market: 81.00 -0.49 (-0.60%)

Sonoco Products (SON): Reported EPS of $0.58 in-line with estimates.

TreeHouse Foods (THS): Reported EPS of $0.98 beating estimates by +$0.07.

Zilliow (Z): Reported EPS of $0.19 beating estimates by +$0.12. Pre-market: 90.45 +0.60 (0.67%)

Markets: 
Futures at 7:43: Dow -0.46%. S&P -0.52%. Nasdaq -0.54%. Crude -0.66% to $99.71. Gold -0.35% to $1290.70.  U.S. 10 Year +15/32 to 2.739%.

Europe: London -0.92%. Paris -0.59%. Frankfurt -0.54%. 

Asia: Japan -1.79% to 14535. Hong Kong -0.54% to 22166. China -0.55% at 2098. India -1.25% at 20193. 

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

Google to Sell Motorola

Google to Sell Motorola. After buying cell phone manufacturer Motorola two years ago Google (GOOG) is selling it. Lenovo will purchase the smartphone maker for $2.91 billion. In the agreement Google will keep the "vast majority" of Motorola's IP. The sale will also remove a point of contention between other companies that build smatphones using Google’s Android operating system.  (GOOG): Pre-market: 1,135.00 +28.08 (2.54%)

Upgrades:

Baker Hughes (BHI): Argus raised their rating from Hold to Buy and placed a target price of $68.00 on the company. Pre-market: 56.18 +0.37 (0.66%)

Union Pacific (UNP): Atlantic Equities raised their rating from Neutral to Overweight. Pre-market: 173.50 +1.55 (0.90%)

United States Steel (X): Macquarie raised their rating from Neutral to Outperform. Pre-market: 26.00 +0.35 (1.36%)

Downgrades:

ADT (ADT): Oppenheimer lowered their rating from Outperform to Perform. Pre-market: 32.63 -5.18 (-13.70%)

Hess Corp (HES): ISI Group lowered their rating from Buy to Neutral.

Southern Co. (SO): Citigroup lowered their rating from Buy to Neutral and lowered their target price from $45.00 to $43.00. Pre-market: 40.25 -0.64 (-1.57%)

Coverage Initiated:

Clorox (CLX): BTIG initiated coverage with a Buy rating and target price of $100.00. Pre-market: 87.76 +0.68 (0.78%)

Colgate-Palmolive (CL): BTIG initiated coverage with a Buy rating and target price of $72.00. Pre-market: 63.97 +2.38 (3.86%)

DreamWorks Animation (DWA): B. Riley initiated coverage with a Neutral rating and target price of $33.50.

Kimberly-Clark (KMB): BTIG initiated coverage with a Neutral rating and target price of $107.00.

Molson Coors Brewing Co. (TAP): BTIG initiated coverage with a Buy rating and target price of $62.00.

Procter & Gamble (PG): BTIG initiated coverage with a Buy rating and target price of $89.00. Pre-market: 78.05 +0.41 (0.53%)

Earning Reports:

3M (MMM): Reported EPS of $1.62 in-line with estimates. Pre-market: 129.50 -0.75 (-0.58%)

Ball Corp (BLL): Reported EPS of $0.86 beating estimates by +$0.14. Pre-market: 49.85 +0.78 (1.59%)

Cardinal Health (CAH): Reported EPS of $0.90 beating estimates by +$0.06. Pre-market: 69.50 +3.05 (4.59%)

Celgene (CELG): Reported EPS of $1.51missing estimates by -$0.03. Pre-market: 158.59 +0.13 (0.08%)

ConocoPhillips (COP): Reported EPS of $1.40 beating estimates by +$0.07. Pre-market: 66.07 +0.25 (0.38%)

ExxonMobil (XOM): Reported EPS of $1.91missing estimates by -$0.01. Pre-market: 93.70 -1.41 (-1.48%)

Facebook (FB): Reported EPS of $0.31 beating estimates by +$0.04. Pre-market: 63.56 +10.03 (18.74%)

Harley-Davidson (HOG): Reported EPS of $0.34 in-line with estimates.

Hershey Foods (HSY): Reported EPS of $0.86 in-line with estimates.

Potash (POT): Reported EPS of $0.31missing estimates by -$0.02. Pre-market: 30.75 -1.08 (-3.39%)

Qualcomm (QCOM): Reported EPS of 1.26 beating estimates by +$0.08. Pre-market: 72.25 +1.13 (1.59%)

Tenneco (TEN): Reported EPS of $0.96 beating estimates by +$0.12.

Under Armour (UA): Reported EPS of $0.59 beating estimates by +$0.06. Pre-market: 94.88 +9.66 (11.34%)

Viacom (VIAB): Reported EPS of $1.20 beating estimates by +$0.04. Pre-market: 81.00 +0.03 (0.04%)

Visa (V): Reported EPS of $2.20 beating estimates by +$0.04. Pre-market: 223.92 +6.80 (3.13%)

Markets: 
Futures at 8:10: Dow +0.32%. S&P +0.30%. Nasdaq +0.48%. Crude +0.47% to $97.82. Gold -0.63% to $1254.50. U.S. 10 Year +7/32 to 2.709%.

Europe: London -0.36%. Paris -0.39%. Frankfurt -0.39%. 

Asia: Japan -2.45% to 15007. Hong Kong -0.48% to 22035. China +0.56% to 2050. India -0.72% to 20498. 

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