Actavis to Buy Forest Labs

Actavis to Buy Forest Labs. Generic drug maker Actavis PLC (ACT) will buy Forest Labs (FRX) for approximately $25 billion in cash and stock. Actavis will pay $89.48 per share, representing a premium of 25% to Forest's closing price on Friday. The offer comprises $26.04 in cash and 0.3306 Actavis share for every Forest share. Actavis said the deal should increase its profits by double-digit percentages in 2015 and 2016, including about $1 billion in tax and operating savings.

Upgrades:

Abbott (ABT): ResearchTeam raised their rating from Reduce to Hold.

Allstate (ALL): ResearchTeam raised their rating from Reduce to Hold.

Berkshire Hathaway (BRK.B): First Call raised their rating from Buy to Strong Buy.

Blackberry (BBRY): FBR Capital raised their rating from Underperform to Market Perform and raised their target price from $6.75 to $10.00. Pre-market: 9.38 +0.40 (4.45%)

Express Scripts (ESRX): Monness Crespi raised their rating from Neutral to Buy. Pre-market: 76.99 +0.24 (0.31%)

GlaxoSmithKline (GSK): ResearchTeam raised their rating from Reduce to Hold.

Intuitive Surgical (ISRG): First Call raised their rating from Hold to Buy.

J.M. Smucker Co. (SJM): Stephens raised their rating from Equal Weight to Overweight and raised their target price from $110.00 to $115.00. Pre-market: 92.07 +0.26 (0.28%)

Kraft (KRFT): ResearchTeam raised their rating from Reduce to Hold.

Mosaic (MOS): ResearchTeam raised their rating from Reduce to Hold.

Praxair (PX): ResearchTeam raised their rating from Reduce to Hold.

Total SA (TOT): ResearchTeam raised their rating from Reduce to Hold.

Waste Management (WM): ResearchTeam raised their rating from Reduce to Hold. Pre-market: 42.40 -1.27 (-2.91%)

Downgrades:

Hormel (HRL): ResearchTeam lowered their rating from Hold to Reduce.

Intel (INTC): ResearchTeam lowered their rating from Hold to Reduce.

Microsoft (MSFT): ResearchTeam lowered their rating from Hold to Reduce. Pre-market: 37.58 -0.04 (-0.11%)

Coverage Initiated:

Allscripts Healthcare (MDRX): Citigroup initiated coverage with a Neutral rating and target price of $18.00.

Credit Suisse (CS): Jefferies initiated coverage with a Buy rating. Pre-market: 32.07 +0.62 (1.97%)

Deutsche Bank (DB): Jefferies initiated coverage with a Buy rating. Pre-market: 49.27 +0.35 (0.72%)

UBS (UBS): Jefferies initiated coverage with a Hold rating. Pre-market: 20.97 +0.13 (0.62%)

Earning Reports:

Coca-Cola (KO): Reported EPS of $0.46 in-line with estimates. Pre-market: 38.10 -0.83 (-2.13%)

Diana Shipping (DSX): Reported EPS of -$0.12 missing estimates by -$0.06. Pre-market: 11.90 -0.79 (-6.23%)

Duke Energy (DUK): Reported EPS of $1.00 beating estimates by +$0.05. Pre-market: 71.45 0.00 (0.00%)

Genuine Parts (GPC): Reported EPS of $0.97 beating estimates by +$0.04.

Medtronic (MDT): Reported EPS of $0.91 in-line with estimates. Pre-market: 57.00 +0.12 (0.21%)

Waste Management (WM): Reported EPS of $0.56 missing estimates by -$0.04. Pre-market: 42.40 -1.27 (-2.91%)

Markets: 
Futures at 8:34: Dow +0.09%. S&P +0.03%. Nasdaq +0.09%. Crude +0.90% to $101.20. Gold -0.02% to $1318.50. U.S. 10 Year +5/32 to 2.732%.

Europe: London +0.33%. Paris -0.25%. Frankfurt -0.06%. 

Asia: Japan +3.13% to 14843. Hong Kong +0.23% to 22588. China -0.77% to 2119. India +0.83% to 20634. 

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

King Obama Uses His Pen

King Obama Uses His Pen. During the State of the Union speech President Obama said that “We’re not just going to be waiting for legislation, or plans, or any logical idea of what will actually result in order to make sure that we’re providing Americans the kind of help I’ve decided they need,” He went on to say “I’ve got a pen, I’ve got paper, scotch tape, a fax machine, a copier, a phone, and a whole box of those binder clips.”  Working around Congress the President used his pen and changed his Obamacare law once again. The latest law change will delay the part of Obamacare, saying that businesses with 50-99 full-time workers won't have to provide health insurance to their workers until 2016. Which analysts say is a political move designed to put off the requirement until after the election. Larger companies will have to cover at least 70% of employees by 2015 and 95% buy 2016. The original law states that companies had to offer health coverage this year.

Upgrades:

Allscripts (MDRX): Maxim raised their rating from Hold to Buy and placed a target price of $20.00 on the company.

Eastman Chemical (EMN): ResearchTeam lowered their rating from Reduce to Hold.

Ralph Lauren (RL): Atlantic Equities raised their rating from Neutral to Overweight and placed a target price of $187.00 on the company.

Tata Motors (TTM): Nomura raised their rating from Neutral to Buy. Pre-market: 30.14 -0.48 (-1.57%)

Downgrades:

CVS Caremark (CVS): ResearchTeam lowered their rating from Hold to Reduce. Pre-market: 68.29 +1.35 (2.02%)

KB Homes (KBH): Raymond James lowered their rating from Market Perform to Underperform. Pre-market: 18.57 -0.31 (-1.64%)

Lennar (LEN): Raymond James lowered their rating from Outperform to Strong Buy and placed a target price of $46.00 on the company. Pre-market: 40.64 -0.25 (-0.61%)

United States Steel (X): Citigroup lowered their rating from Neutral to Sell and lowered their target price from $28.00 to $23.00.

Coverage Initiated:

AT&T (T): Drexel Hamilton initiated coverage with a Buy rating and target price of $40.00. Pre-market: 32.60 +0.16 (0.49%)

Thermo Fisher (TMO): JPMorgan initiated coverage with an Overweight rating and target price of $135.00.

Earning Reports:

CVS Caremark (CVS): Reported EPS of $1.12 beating estimates by +$0.01. Pre-market: 68.29 +1.35 (2.02%)

Dean Foods (DF): Reported EPS of $0.18 missing estimates by -$0.01. Pre-market: 13.40 -1.80 (-11.84%)

Health Net (HNT): Reported EPS of $0.24 missing estimates by -$0.04. Pre-market: 33.50 +0.75 (2.29%)

Marsh McLennan (MMC): Reported EPS of $0.54 missing estimates by -$0.02.

Mosaic (MOS): Reported EPS of $0.36 missing estimates by -$0.06. Pre-market: 47.35 +0.53 (1.13%)

Reynolds American (RAI): Reported EPS of $0.77 missing estimates by -$0.04. Pre-market: 48.50 -0.31 (-0.64%)

Sprint (S): Reported EPS of -$0.26 beating estimates by +$0.07. Pre-market: 8.25 +0.56 (7.28%)

Markets: 
Futures at 8:17: Dow +0.40%. S&P +0.36%. Nasdaq +0.43%. Crude +0.14% to $100.20. Gold +0.93% to $1286.50. U.S. 10 Year -8/32 to 2.70%.

Europe: London +0.83%. Paris +0.63%. Frankfurt +1.48%. 

Asia: Japan closed. Hong Kong +1.78% to 21963. China +0.84% to 2104. India +0.14% to 20363. 

#TopWealthManager #RLPaler #PreMarket #WallStreet #EarningReports #AnalystsRatings

Disney Reports Good Quarterly Results. Walt Disney's (DIS) reported quarterly results that beat Wall Street’s expectations. Disney announced that their FQ1 net profit rose +33% to $1.84B and earnings of $1.04. Revenue at the entertainment giant climbed +8.6% to $12.31B. Sales grew across all of Disney's different divisions with close to half of the company's profit coming from Media Networks, led by ESPN. The films "Frozen" and "Thor: The Dark World" helped studio revenue leap +23% to $1.89B. Pre-market: 74.65 +2.89 (4.03%)

Upgrades:

American Express (AXP): Janney Capital raised their rating from Neutral to Buy and placed a target price of $90.00 on the company. Pre-market: 84.25 +0.53 (0.63%)

Green Mountain Coffee (GMCR): Stifel raised their rating from Sell to Hold. Pre-market: 112.20 +31.32 (38.72%)

Mosaic (MOS): HSBC raised their rating from Underweight to Neutral. Pre-market: 45.25 +0.39 (0.87%)

Downgrades:

Diamond Offshore (DO): Iberia lowered their rating from Sector Perform to Underperform and placed a target price of $30.00 on the company. Pre-market: 47.25 +0.74 (1.59%)

Ford Motor Co. (F): Argus lowered their rating from Buy to Hold. Pre-market: 14.64 -0.09 (-0.61%)

Twitter (TWTR): Sterne Agee lowered their rating from Neutral to Underperform and placed a target price of $43.00 on the company. Pre-market: 50.71 -15.26 (-23.13%)

Twitter (TWTR): Atlantic Equities lowered their rating from Neutral to Underweight. Pre-market: 50.71 -15.26 (-23.13%)

Coverage Initiated:

Dow Chemical (DOW): BGC Financial initiated coverage with a Buy rating and target price of $55.00. Pre-market: 45.40 +0.55 (1.23%)

Earning Reports:

Advance Auto (AAP): Reported EPS of $0.94 beating estimates by +$0.13. Pre-market: 123.00 +12.25 (11.06%)

AOL (AOL): Reported EPS of $0.43 missing estimates by -$0.05. Pre-market: 49.49 +1.92 (4.04%)

Dunkin Brands (DNKN): Reported EPS of $0.43 beating estimates by +$0.03. Pre-market: 48.31 +1.01 (2.14%)

General Motors (GM): Reported EPS of $0.67 missing estimates by -$0.22. Pre-market: 34.57 -0.67 (-1.90%)

Kellogg (K): Reported EPS of $0.83 beating estimates by +$0.01. Pre-market: 57.00 -0.37 (-0.64%)

Snap-On (SNA): Reported EPS of $1.60 beating estimates by +$0.04.  

Sony (SNE): Reported EPS of $26.00 beating estimates by +$11.40.  Pre-market: 15.18 -0.72 (-4.53%)

Twitter (TWTR): Reported EPS of $0.02 beating estimates by +$0.03. Pre-market: 50.71 -15.26 (-23.13%)

Walt Disney (DIS): Reported EPS of $1.04 beating estimates by +$0.15. Pre-market: 74.65 +2.89 (4.03%)

Markets: 
Futures at 8:39: Dow +0.42%. S&P +0.42%. Nasdaq +0.52%. Crude +0.77% to $98.13. Gold +0.01% to $1257.20. U.S. 10 year -3/32 to 2.683%.

Europe: London +0.74%. Paris +0.48%. Frankfurt +0.42%.

Asia: Japan -0.18% to 14155. Hong Kong +0.72% to 21423. China closed. India +0.25% at 20311. 

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

JPMorgan Hired Relatives To Get Deals.

JPMorgan Hired Relatives To Get Deals. Reports indicate that JPMorgan (JPM) began hiring relatives of government and other officials to secure banking deals. According to the NYTreports one email says "We lost a deal to DB (Deutsche Bank) today because they got (the) chairman's daughter (to) work for them this summer." JPMorgan and several other U.S. banks are being investigated for their recruitment policies in China and other overseas countries.

Upgrades:

Crocs (CROX): Sterne Agee raised their rating from Underperform to Neutral and placed a target price of $10.00 on the company.

Ensco PLC (ESV): ReserchTeam raised their rating from Reduce to Hold.

Expeditors International (EXPD): ReserchTeam raised their rating from Reduce to Hold.

Foot Locker (FL): ReserchTeam raised their rating from Hold to Accumulate.

Mattel (MAT): ReserchTeam raised their rating from Hold to Accumulate.

Mosaic (MOS): ReserchTeam raised their rating from Reduce to Hold.

Total SA (TOT): ReserchTeam raised their rating from Reduce to Hold.

Walt Disney (DIS): Guggenhein raised their rating from Neutral to Buy and raised their target price from $77.00 to $87.00.

Downgrades:

Cardinal Health (CAH): ReserchTeam lowered their rating from Accumulate to Hold.

Earning Reports:

Cal-Marine Foods (CALM): Reported EPS of $1.08 missing estimates by -$0.03.

Markets: 
Futures at 9:03: Dow +0.02%. S&P -0.03%. Nasdaq -0.13%. Crude -0.28% at $100.04. Gold -0.63% to $1206.60. U.S 10 Year +3/32 to 2.990%

Europe: London -0.32%. Paris +0.06%. Frankfurt -0.39%. 

Asia: Japan +0.69% to 16291. Hong Kong +0.01% at 23245. China -0.18% to 2098. India -0.24% to 21143. 

World Markets Worry about Fed. World markets are lower as traders wait for the Fed to announce the outcome of their latest FOMC meeting. Traders don’t expect the Fed to raise interest rates or to begin tapering, but they will be watching for any indication as to when this could begin.

Upgrades:

Adobe Systems (ADBE): Argus raised their rating from Hold to Buy and placed a target price of $71.00 on the company.

Facebook (FB): Susquehanna raised their rating from Neutral to Positive and raised their target price from $52.00 to $68.00.

Hewlett-Packard (HPQ): JPMorgan raised their rating from Neutral to Overweight and placed a target price of $35.00 on the company.

iRobot (IRBT): Raymond James JPMorgan raised their rating from Market Perform to Strong Buy and placed a target price of $39.00 on the company.

Medtronics (MDT): Goldman Sachs raised their rating from Neutral to Buy and placed a target price of $66.00 on the company.

Downgrades:

GlaxoSmithKline (GSK): Deutsche Bank lowered their rating from Buy to Hold.

KB Home (KBH): Compass Point lowered their rating from Neutral to Sell.

D.R. Horton (DHI): Compass Point lowered their rating from Buy to Neutral.

Twitter (TWTR): Atlantic Equities lowered their rating from Overweight to Neutral and placed a target price of $50.00 on the company.

Coverage Initiated:

Archer Daniels Midland (ADM): Macquarie initiated coverage with an Outperform rating and target price of $49.00.

Dynergy (DYN): Imperial Capital initiated coverage with an Outperform rating and target price of $24.00.

Mosaic (MOS): Macquarie initiated coverage with an Outperform rating and target price of $54.00.

Zillow (Z): SunTrust initiated coverage with a Buy rating and target price of $95.00.

Earning Reports:

FactSet (FDS): Reported EPS of $1.19 missing estimates by -$0.03.

Markets: 
Futures at 8:35: Dow +0.22%. S&P +0.03%. Nasdaq +0.12%. Crude +0.31% to $97.79. Gold -0.83% to $1233.90. U.S. 10 Year 0/32 to 2.880%.

Europe: London -0.30%. Paris -0.79%. Frankfurt -0.18%. 

Asia: Japan +0.83% to 15279. Hong Kong -0.20% to 23069. China -0.45% to 2151. India -0.23% to 20612. 

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

AstraZeneca Eyes Bid on Forest Labs

AstraZeneca  Eyes Bid on Forest Labs. 

Reports say that AstraZeneca (AZN) has met with Forest Labs (FRX) top executives concerning a takeover bid for the company. Forest Labs has a market cap of $15.2B and on Monday announced a restructuring on Monday.

Upgrades:

Electronic Arts (EA): Hilliard Lyons raised their rating from Underperform to Neutral. Pre-market: 21.57 +0.03 (0.14%)

US Bancorp (USB): Goldman Sachs raised their rating from Neutral to Conviction Buy and raised their target price from $40.00 to $44.00.

Downgrades:

AT&T (T): JPMorgan lowered their rating from Overweight to Neutral and placed a target price of $38.00 on the company.

Citigroup (C): Goldman Sachs lowered their rating from Conviction Buy to Neutral and raised their target price from $58.00 to $60.00.

eBay (EBAY): Evercore lowered their rating from Overweight to Equal Weight and placed a target price of $58.00 on the company.

Coverage Initiated:

Cablevision Systems (CVC): Northland Securities initiated coverage with a Market Perform rating and target price of $19.00.

Charter Communications (CHTR): Northland Securities initiated coverage with a Market Perform rating and target price of $146.00.

Comcast (CMCSA): Northland Securities initiated coverage with an Outperform rating and target price of $61.00.

Dish Network (DISH): Northland Securities initiated coverage with a Market Perform rating and target price of $61.00.

DIRECTV (DTV): Northland Securities initiated coverage with an Outperform rating and target price of $84.00.

McDonalds (MCD): Buckingham initiated coverage with a Neutral rating and target price of $99.00.

Mosaic (MOS): RBC Capital initiated coverage with an Outperform rating and target price of $57.00.

Time Warner Cable (TWC): Northland Securities initiated coverage with an Outperform rating and target price of $165.00.

Whirlpool (WHR): MKM Partners initiated coverage with a Buy rating and Target price of $183.00.

Earning Reports:

Bob Evans (BOBE): Reported EPS of $0.35 missing estimates by -$0.20. Pre-market: 51.99 -3.11 (-5.64%)

Brown-Forman (BF.B): Reported EPS of $0.96 beating estimates by +$0.05.

Express (EXPR): Reported EPS of $0.23 missing estimates by -$0.02. Pre-market: 20.06 -4.61 (-18.69%)

OmniVision (OVTI): Reported EPS of $0.60 beating estimates by +$0.17. Pre-market: 14.22 -1.77 (-11.07%)

Markets: 
Futures at 8:47: Dow -0.17%. S&P -0.19%. Nasdaq -0.09%. Crude +1.04% to $97.03. Gold +0.20% to $1223.50. U.S. 10 Year -15/32 2.841%.

Europe: London -0.59%. Paris -0.99%. Frankfurt -1.19%. 

Asia: Japan -2.17% to 15408. Hong Kong -0.76% to 23729. China +1.31% to 2252. India -0.70% to 20709. 

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