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

New Year, New “Dogs of the Dow.”

New Year, New “Dogs of the Dow.” With the New Year comes a list of the new “Dogs of the Dow.” This year’s list of the 10 “Dogs of the Dow” looks a lot like the list from 2013. The list consists of the 10 highest yielding stocks in the Dow Jones Index. This year the top honor goes to AT&T (T) with a yield of 5.3%, followed by Verizon (VZ) with a dividend yield of 4.4%. Other companies making the Dog list this year include Merck (MRK), Intel (INTC), Pfizer (PFE), McDonald’s (MCD), Chevron (CVX), General Electric (GE), Cisco (CSCO) and Microsoft (MSFT). Collectively, this year’s “Dogs of the Dow” have a dividend yield of near 4%. Last year the “Dogs” outperform the market with a return of 33%.

Upgrades:

Cadence Design Systems (CDNS): Needham raised their rating from Hold to Buy and placed a target price of $16.00 on the company. Pre-market: 14.51 +0.50 (3.57%)

Infosys Ltd (INFY): HSBC raised their rating from Neutral to Overweight.

Metlife (MET): Janney Capital raised their rating from Neutral to Buy. Pre-market: 53.19 0.00 (0.00%)

Downgrades:

Chubb (CB): Janney Capital lowered their rating from Buy to Neutral.

General Electric (GE): Oppenheimer lowered their rating from Outperform to Perform.

Joy Global (JOY): Goldman Sachs lowered their rating from Neutral to Sell and placed a target price of $52.00 on the company. Pre-market: 55.00 -1.36 (-2.41%)

Micron Tech (MU): RBC Capital lowered their rating from Outperform to Sector Perform and maintained their target price of $19.00. Pre-market: 21.19 -0.47 (-2.17%)

Prudential Financial (PRU): Janney Capital lowered their rating from Buy to Neutral. Pre-market: 90.76 0.00 (0.00%)

Sprint (S): Stifel lowered their rating from Hold to Sell. Pre-market: 10.08 -0.32 (-3.08%)

Coverage Initiated:

Bank of Montreal (BMO): RBC Capital initiated coverage with an Outperform rating.

Bank of Nova Scotia (BNS): RBC Capital initiated coverage with an Outperform rating.

Canadian Imperial Bank (CM): RBC Capital initiated coverage with a Sector Perform rating.

Toronto Dominion Bank (TD): RBC Capital initiated coverage with an Outperform rating.

Markets: 

Futures at 8:38: Dow +0.20%. S&P +0.20%. Nasdaq +0.06%. Crude -0.31% to $95.13. Gold +0.24% to $1228.20. U.S. 10 Year -3/32 to 3.004%.

Europe: London +0.28%. Paris +0.66%. Frankfurt +0.41%. 

Asia: Japan +0.69% to 16291. Hong Kong -2.25% to 22817. China -0.31% to 2083. India -0.18% to 20851. 

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

Fiat acquires Full Control of Chrysler. Fiat (FIATY) will pay $4.35B to acquire the 41.5% stake in Chrysler owned by the United Auto Workers Retiree Medical Benefits Trust. The deal will help the company consolidate and end the UAW control of the company. The agreement also ends the need for Chrysler’s IPO. The new has sent Fiat shares rocketing in Milan and in the U.S. pre-market, up over 13%. Pre-market: 9.40 +1.10 (13.25%)

Upgrades:

Duke Energy (DUK): BMO Capital raised their rating from Market Perform to Outperform and placed a target price of $77.00 on the company. Pre-market: 69.30 +0.29 (0.42%)

Jacobs Engineering (JEC): RW Baird raised their rating from Neutral to Outperform and raised their target price from $67.00 to $74.00.

United States Steel (X): KeyBanc raised their rating from Hold to Buy and placed a target price of $37.00 on the company. Pre-market: 29.90 +0.40 (1.36%)

Xilinx (XLNX): Goldman Sachs raised their rating from Neutral to Buy and raised their target price from $45.00 to $52.00. Pre-market: 46.89 +0.97 (2.11%)

Downgrades:

Apple (AAPL): Wells Fargo lowered their rating from Outperform to Market Perform and maintained their $538.00 -$581.00 target range. Pre-market: 555.10 -5.92 (-1.06%)

Sprint (S): Macquarie lowered their rating from Outperform to Neutral and lowered their target price from $8.25 to $7.50. Pre-market: 10.50 -0.25 (-2.33%)

Sprint (S): Cowen lowered their rating from Outperform to Market Perform. Pre-market: 10.50 -0.25 (-2.33%)

T-Mobile (TMUS): Goldman Sachs lowered their rating from Conviction Buy to Buy and lowered their target price from $37.00 to $32.00. Pre-market: 33.44 -0.20 (-0.59%)

US Bancorp (USB): Macquarie lowered their rating from Outperform to Neutral.

Markets: 
Futures at 8:05: Dow -0.18%. S&P -0.17%. Nasdaq -0.36%. Crude -0.79% to $97.64. Gold +1.26% to $1217.60.  U.S. 10 Year +1/32 to 3.031%.

Europe: London -0.16%. Paris -0.82%. Frankfurt -0.46%. 

Asia: Japan closed. Hong Kong +0.14% to 23340. China -0.31% to 2109. India -1.19% to 20888. 

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

Xbox One Enjoys Strong Sales.

Xbox One Enjoys Strong Sales. The release of Microsoft’s highly anticipated Xbox One on Friday enjoyed strong sales. Microsoft sold over 1 million Xbox One gaming systems within the first 24 hours. A week ago Sony (SNE) released their new PS4 gaming system to similar fanfare. Analysts estimate that each company will sell over 3 million units by the end of the year. MSFT Pre-market: 37.75 +0.18 (0.48%) SNE Pre-market: 18.46 +0.16 (0.87%)

Upgrades:

Alcoa (AA): Goldman Sachs raised their rating from Neutral to Buy and raised their target price from$8.00 to $11.00. Pre-market: 9.57 +0.33 (3.57%)

Finish Line (FINL): Sterne Agee raised their rating from Underperform to Neutral.

Finish Line (FINL): Susquehanna raised their rating from Neutral to Positive and raised their target price from $22.00 to $31.00.

Stryker Corp (SYK): Bernstein raised their rating from Market Perform to Outperform and raised their target price from $75.00 to $84.00. Pre-market: 75.49 +1.21 (1.63%)

Downgrades:

AOL (AOL): RBC Capital lowered their rating from Outperform to Sector Perform and maintained a target price of $46.00.

Campbell Soup (CPB): Goldman Sachs lowered their rating from Buy to Neutral and placed a target price of $42.00 on the company.

Clorox (CLX): Goldman Sachs lowered their rating from Neutral to Sell and placed a target price of $87.00 on the company.

Deere & Co. (DE): BMO Capital lowered their rating from Outperform to Market Perform and lowered their target price from $95.00 to $84.00.

Sprint (S): Pacific Crest lowered their rating from Outperform to Sector Perform. Pre-market: 7.74 -0.09 (-1.15%)

Time Warner Cable (TWC): Argus lowered their rating from Buy to Hold. Pre-market: 133.88 +0.96 (0.72%)

Coverage Initiated:

Burger King Worldwide (BKW): Goldman Sachs initiated coverage with a Buy rating and target price of $25.00. Pre-market: 20.95 +0.57 (2.80%)

Church & Dwight (CHD): Goldman Sachs initiated coverage with a Buy rating and target price of $73.00.

Praxair (PX): UBS initiated coverage with a Neutral rating and target price of $125.00.

Twitter (TWTR): Wells Fargo initiated coverage with a Market Perform rating and target range of $36.00-$39.00. Pre-market: 41.00 0.00 (0.00%)

Markets: 
Futures at 8:32: Dow +0.41%. S&P +0.33%. Nasdaq +0.37%. Crude -1.29% to $93.61. Gold -1.21% to $1229.20. U.S. 10 Year -6/32 2.767%.

Europe: London +0.33%. Paris +0.59%. Frankfurt +0.94%. 

Asia, Japan +1.54% to 15619. Hong Kong -0.05% to 23684. China -0.47% to 2186. India +1.92% to 20605. 

#RLPaler #WallStreet #PreMarket #WealthManagement#EarningReports #XboxOne #PS4

Morning Coffee Pre-Market Wall Street News

Obama Is Spying On You! 

Shocking revelations have surfaced the Obama Administration using the NSA and other government agencies to spy on millions of Americans. Under a program with the NSA called PRISM the government has “direct access” to the servers of Apple (AAPL), AOL (AOL), Facebook (FB), Google (GOOG), Microsoft (MSFT), Paltalk, Skype, Yahoo (YHOO), and YouTube. Through this access the NSA is data mining key words, phrases, photos and more.

This comes on the news that the NSA has also been monitoring every call made through AT&T (T), Sprint (S), and Verizon (VZ).  The call monitoring includes who you called, when you called, the location of your call, how often you called and who those people called. Together, the service providers have 314.6M wirelesss and landline accounts. Yesterday in testimony Attorney General Eric Holder refused to answer when questioned by a member of congress as to whether they are or have been monitoring any member of Congress’s phone calls.

Additionally, reports are breaking that the NSA's operations also encompass your purchase information from unnamed credit-card providers.

Many are now saying that these actions are a direct violation of both the first and second amendments and that this government and administration is out of control.

This shocking news comes on the heels of several scandals. The IRS scandal where the IRS targeted conservative, religious and Jewish groups with audits, the AP and Fox News wire tapping scandal, the Benghazi attack scandal in which a U.S Ambassador and 4 other were killed, and the Fast & Furious gun running scandal, in which hundreds of Mexican citizen have been killed.

Upgrades

Abercrombie & Fitch (ANF): BofA Merrill Lynch raised their rating from Neutral to Buy and placed a target price of $60.00 on the company.

Bayer AG (BAYRY): BNP Paribas raised their rating from Neutral to Outperform.

Broadcom (BRCM): Macquarie raised their rating from Neutral to Outperform and raised their target price from $35.70 to $40.80. Pre-market: 35.34 +0.38 (1.09%)

Brocade Communications (BRCD): ISI Group raised their rating from Neutral to Buy and placed a target price of $7.50 on the company. Pre-market: 5.55 +0.15 (2.78%)

Tyson Foods (TSN): Stephens raised their rating from Equal Weight to Overweight and raised their target price from $26.00 to $30.00.

Yum! Brands (YUM): UBS raised their rating from Neutral to Buy and raised their target price from $73.00 to $80.00. Pre-market: 72.15 +1.03 (1.45%)

Downgrades

Arch Coal (ACI): Raymond James lowered their rating from Market Perform to Underperform. Pre-market: 5.10 -0.01 (-0.20%)

Intel (INTC): Piper Jaffrey lowered their rating from Neutral to Underweight and lowered their target price from $21.00 to $20.00. Pre-market: 24.55 -0.10 (-0.41%)

Iron Mountain (IRM): Stifel lowered their rating from Buy to Hold. Pre-market: 29.06 -5.34 (-15.52%)

James River Coal (JRCC): Raymond James lowered their rating from Market Perform to Underperform. Pre-market: 2.43 -0.43 (-15.03%)

Sprint Nextel (S): Nomura lowered their rating from Buy to Neutral. Pre-market: 7.34 0.00 (0.00%)

VMware (VMW): Drexel Hamilton lowered their rating from Buy to Hold. Pre-market: 71.00 -0.83 (-1.16%)

Coverage Initiated

Bank of America (BAC): Macquarie initiated coverage with an Underperform rating and target price of $12.00. Pre-market: 13.28 +0.08 (0.61%)

Citigroup (C): Macquarie initiated coverage with an Outperform rating and target price of $62.00. Pre-market: 51.30 +0.47 (0.92%)

Goldman Sachs (GS): Macquarie resumed coverage with a Neutral rating. Pre-market: 160.70 +1.02 (0.64%)

Morgan Stanley (MS): Macquarie initiated coverage with an Outperform rating and target price of $30.00. Pre-market: 25.66 +0.25 (0.98%)

Qualcomm (QCOM): Topeka initiated coverage with a Hold rating and target price of $65.00. Pre-market: 63.23 +0.26 (0.41%)

Rambus (RMBS): Topeka initiated coverage with a Buy rating and target price of $10.00.

Take-Two (TTWO): Stifel initiated coverage with a Buy rating and target price of $21.00. After Hours: 16.29 +0.21 (1.31%)

Earning Reports:

Quiksilver (ZQK): Reported EPS of -$0.12 missing estimates by -$0.16. Pre-market: 6.90 -0.77 (-10.04%)

Thor Industries (THO): Reported EPS of $0.82 missing estimates by -$0.06. After Hours: 42.50 +1.26 (3.06%)

Vail Resorts (MTN): Reported EPS of $2.66 missing estimates by -$0.09. After Hours: 59.50 -2.66 (-4.28%)

Markets: 
Futures at 7:53: Dow -0.06%. S&P -0.06%. Nasdaq -0.06%. Crude +0.46% to $95.20. Gold -0.45% to $1409.40.

Europe: London -0.16%. Paris -0.10%. Frankfurt -0.27%. 

Asia: Japan -0.21% to 12878. Hong Kong -1.21% to 21575. China -1.39% to 2211. India -0.46% to 19429.