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. 

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

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

Morning Coffee Pre-Market Wall Street News

UPS and the University of Virginia Blame Obamacare for Cuts. Both UPS (UPS) and the University of Virginia announced they would end offering medical benefits to family members of employees, blaming Obamacares increased cost as the direct cause. UPS in an announcement said it will cut healthcare benefits for around 15,000 working spouses of employees starting in 2014. The company said that it expects coast to the company due to Obamacare to increase +11.25%. In a memo the company also said that it expects that 35% of companies will also drop coverage of employee spouses.  The University of Virginia announced that they also will be dropping coverage of employee spouses due to direct cost increases due to Obamacare. The University said that it expects to pay $7.3 million more in 2014 due to Obamacare. Additionally, Xerox (XRX) is having employees pay $1,000 if they wish to keep their spouse on their current company medical plan, otherwise the company will be dropping them.

Upgrades:

Microsoft (MSFT): Nomura raised their rating from Neutral to Buy and placed a target price of $38.00 on the company. Pre-market: 32.12 +0.51 (1.61%)

Precision Castparts (PCP): Wells Fargo raised their rating from Market Perform to Outperform and raised their target range from $228.00-$234.00 to $240.00-$248.00.

Downgrades:

Abercrombie & Fitch (ANF): Janney Capital lowered their rating from Buy to Neutral. Pre-market: 37.74 -9.06 (-19.36%)

Target Corp (TGT): ISI Group lowered their rating from Strong Buy to Buy and placed a target price of $70.00 on the company. Pre-market: 65.25 -0.25 (-0.38%)

Target Corp (TGT): William Blair lowered their rating from Market Perform to Undrperform. Pre-market: 65.25 -0.25 (-0.38%)

Coverage Initiated:

Tesla Motors (TSLA): Stifel initiated coverage with a Hold rating. Pre-market: 149.12 +1.26 (0.85%)

Zynga (ZNGA): The Benchmark Co initiated coverage with a Hold rating and a target price of $2.98. Pre-market: 2.77 +0.02 (0.73%)

Earning Reports:

Abercrombie & Fitch (ANF): Reported EPS of $0.16 missing estimates by -$0.12. Pre-market: 37.74 -9.06 (-19.36%)

Children’s Place (PLCE): Reported EPS of -$0.42 beating estimates by +$0.11. Pre-market: 55.87 +4.47 (8.70%)

Dollar Tree (DLTR): Reported EPS of $0.56 missing estimates by -$0.01. Pre-market: 51.45 -0.39 (-0.75%)

Gamestop (GME): Reported EPS of $0.09 beating estimates by +$0.06. Pre-market: 52.40 +4.78 (10.04%)

Hewlett-Packard (HPQ): Reported EPS of $0.86 in-line with estimates. Pre-market: 23.49 -1.89 (-7.45%)

Hormel Foods (HRL): Reported EPS of $0.42 missing estimates by -$0.03. Pre-market: 41.60 -0.51 (-1.21%)

Patterson Companies (PDCO): Reported EPS of $0.46 missing estimates by -$0.03.

Sears Holdings (SHLD): Reported EPS of -$1.46 missing estimates by -$0.34. Pre-market: 40.13 -3.14 (-7.26%)

Markets: 
Futures at 8:09: Dow +0.24%. S&P +0.32%. Nasdaq +0.47%. Crude +0.22% to $104.07. Gold +0.07% to $1371.00. U.S. 10 Year -1/32 2.902%.

Europe: London +0.87%. Paris +0.96%. Frankfurt +1.08%. 

Asia: Japan -0.44% to 13365. Hong Kong +0.36% to 21895. China -0.28% to 2067. India +2.27% to 18313. 

Morning Coffee Pre-Market Wall Street News

Durable Goods Beats Forecast. Orders for U.S. durable goods increase more than economists had estimated in April. Bookings for equipment, meant to last more than three years rose 3.3%, while economists had expected an increase of only 1.6%.  This come on the heels of March’s revised -5.9% decline. Bookings for commercial aircraft climbed 18.1% last month after slumping 43% in March. Excluding transportation equipment, durable orders climbed 1.3%, which is the first gain in three months. Bookings for non-defense capital goods excluding aircraft increased 1.2% after a 0.9% in March.

Upgrades

Pandora Media (P): RBC Capital raised their rating from Sector Perform to Outperform and raised their target price from $16.00 to $24.00. Pre-market: 19.07 +1.91 (11.13%)

Procter & Gamble (PG): UBS raised their rating from Neutral to Buy and raised their target price from $75.00 to $95.00. Pre-market: 81.65 +2.95 (3.75%)

Sherwin-Williams (SHW): Robert W. Baird raised their rating from Neutral to Outperform and raised their target price from $180.00 to $205.00.

Wendy’s (WEN): Janney Capital raised their rating from Neutral to Buy. Pre-arket: 6.20 +0.20 (3.33%)

Downgrades

Cirrus Logic (CRUS): Canaccord lowered their rating from Buy to Hold and lowered their target price from $25.00 to $18.00. Pre-market: 17.86 +0.10 (0.56%)

rue21 (RUE): Janney Capital lowered their rating from Buy to Neutral and placed a target price of $42.00 on the company.

Saks (SKS): Argus lowered their rating from Buy to Hold.

Salesforce.com (CRM): Wedbush lowered their rating from Outperform to Neutral and lowered their target price from $51.00 to $42.00. Pre-market: 43.02 -2.67 (-5.84%)

Earning Reports

Abercrombie & Fitch (ANF): Reported EPS of -$0.09 missing estimates by -$0.04. Pre-market: 49.85 -4.52 (-8.31%)

Aeropostale (ARO): Reported EPS of -$0.16 beating estimates by +$0.01. Pre-market: 15.50 -0.98 (-5.95%)

Foot Locker (FL): Reported EPS of $0.91 beating estimates by +$0.03. Pre-market: 34.85 -0.83 (-2.33%)

Gap (GPS): Reported EPS of $0.71 beating estimates by +$0.02. Pre-market: 40.50 -0.86 (-2.08%)

Pandora Media (P): Reported EPS of -$0.10 in-line with estimates. Pre-market: 19.07 +1.91 (11.13%)

Ross Stores (ROST): Reported EPS of $1.07 in-line with estimates.

Salesforce.com (CRM): Reported EPS of $0.10 in-line with estimates. Pre-market: 43.02 -2.67 (-5.84%)

Sears Holdings (SHLD): Reported EPS of -$1.29 missing estimates by -$0.69. Pre-market: 48.95 -9.22 (-15.85%)

Williams-Sonoma (WSM): Reported EPS of $0.41 beating estimates by +$0.05.

Zumiez (ZUMZ): Reported EPS of $0.13 beating estimates by +$0.01.

Markets: 
Futures at 8:25: Dow -0.28%. S&P -0.40%. Nasdaq -0.46%. Crude -0.67% to $93.60. Gold +0.01% to $1392.10.

Europe: London -0.40%. Paris +0.34%. Frankfurt -0.23%. 

Asia: Japan +0.89% to 14612. Hong Kong -0.23% to 22619. China +0.57% to 2289. India +0.15% to 19704.