Tesla Gives Mixed Quarterly Results

Tesla Gives Mixed Quarterly Results. Tesla Motors' (TSLA) reported that the electric car company’s losses narrowed to $16.3M in Q4 from $89.9M a year earlier. Revenue at the company rose 101% to $615.29M, but missed Wall Street estimates. Adjusted EPS came in at $0.33 beating estimates by $0.12. Tesla also gave an optimistic outlook for production and deliveries, especially overseas and China. Pre-market: 216.20 +22.56 (11.65%)

Upgrades:

Barrick Gold (ABX): RBC Capital raised their rating from Sector Perform to Outperform and raised their target price from $24.00 to $28.00.

Thermo Fisher (TMO): Goldman Sachs raised their rating from Neutral to Buy and raised their target price from $114.00 to $153.00.

Downgrades:

Adidas (ADDYY): HSBC lowered their rating from Overweight to Neutral.

Facebook (FB): Pivotal Research lowered their rating from Buy to Hold.

Facebook (FB): Evercore lowered their rating from Overweight to Equal Weight.

Fresh Market (TFM): Deutsche Bank lowered their rating from Buy to Hold and lowered their target price from $48.00 to $34.00.

magicJack (CALL): Oppenheimer lowered their rating from Outperform to Perform.

Tesla (TSLA): Deutsche Bank lowered their rating from Buy to Hold and lowered their target price from $220.00 to $200.00. Pre-market: 216.20 +22.56 (11.65%)

Zale Corp (ZLC): Northcoast lowered their rating from Buy to Neutral.

Coverage Initiated:

Boeing (BA): Drexel Hamilton initiated coverage with a Hold rating.

Caterpillar (CAT): Deutsche Bank initiated coverage with a Buy rating and target price of $122.00.

Deere (DE): Deutsche Bank initiated coverage with a Buy rating and target price of $110.00.

Joy Global (JOY): Deutsche Bank initiated coverage with a Hold rating and target price of $55.00.

Earning Reports:

Dana Holding (DAN): Reported EPS of $0.49 beating estimates by +$0.04.

DIRECTV (DTV): Reported EPS of $1.53 beating estimates by +$0.23. Pre-market: 74.25 +1.31 (1.80%)

Ensco (ESV): Reported EPS of $1.56 missing estimates by -$0.03. Pre-market: 51.00 -0.68 (-1.32%)

Federal-Mogul (FDML): Reported EPS of -$0.13 missing estimates by -$0.34.

Hormel Foods (HRL): Reported EPS of $0.57 missing estimates by -$0.01. Pre-market: 45.20 -0.11 (-0.24%)

Patterson Companies (PDCO): Reported EPS of $0.57 in-line with estimates.

Tesla Motors (TSLA): Reported EPS of $0.33 beating estimates by +$0.12. Pre-market: 216.20 +22.56 (11.65%)

Wal-Mart (WMT): Reported EPS of $1.60 beating estimates by +$0.01. Pre-market: 72.90 -1.95 (-2.61%)

Markets: 
Futures at 8:45: Dow -0.16%. S&P -0.18%. Nasdaq -0.27%. Crude -0.25% to $103.05. Gold -0.39% to $1315.60. U.S. 10 Year 0/32 to 2.739%.

Europe: London -0.36%. Paris -0.35%. Frankfurt -1.23%.

Asia: Japan -2.15% to 14449. Hong Kong -1.19% to 22394. China -0.18% to 2139. 

#TopWealthManager #RLPaler #AnalystsRatings #EarningReports #WallStreet #FinancialPlaner 

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

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

LA to SF in 30 Minutes. Elon Musk has published a 57 page paper detailing what he calls a Hyperloop. The paper details technical information, and route proposals of the solar-powered, aluminum pod-based, transportation system.   Musk says the pods will be able to travel at 800 M.P.H. and could take people from L.A. to San Francisco in 30 minutes. According to BloombergBusinessWeek "about a dozen people at Tesla and SpaceX have helped Musk with the design and checked the physics." The best part of the Hyperloop is the projected cost at $6B and one that supports cars would cost an estimated $10B. California’s boondoggle high-speed train is projected to cost over $70B. Musk doesn't plan to patented or build the Hyperloop himself, but will open-source its design for third parties to make use of. The full report can be found at http://www.scribd.com/doc/159811253/Hyperloop

Upgrades:

ConocoPhillips (COP): ISI Group raised their rating from Buy to Strong Buy and raised their target price from $72.00 to $78.00. Pre-market: 66.45 +0.35 (0.53%)

Xerox (XRX): Citigroup raised their rating from Neutral to Buy and raised their target price from $9.75 to $13.00. Pre-market: 10.48 +0.33 (3.25%)

Downgrades:

Microsoft (MSFT): Stifel lowered their rating from Buy to Hold. Pre-market: 32.49 -0.38 (-1.16%)

Nordstrom (JWN): Maxim lowered their rating from Buy to Hold and lowered their target price from $70.00 to $63.00. Pre-market: 60.41 -0.38 (-0.63%)

Yum! Brands (YUM): Buckingham lowered their rating from Buy to Neutral and lowered their target price from $80.00 to $78.00. Pre-market: 71.85 -2.62 (-3.52%)

Coverage Initiated:

RetailMeNot (SALE): Jefferies initiated coverage with a Buy rating and target price of $40.00. Pre-market: 32.59 +0.31 (0.96%)

RetailMeNot (SALE): Credit Suisse initiated coverage with a Neutral rating and target price of $31.00. Pre-market: 32.59 +0.31 (0.96%)

RetailMeNot (SALE): Goldman Sachs initiated coverage with a Neutral rating and target price of $31.00. Pre-market: 32.59 +0.31 (0.96%)

RetailMeNot (SALE): RBC Capital initiated coverage with a Sector Perform rating and target price of $33.00. Pre-market: 32.59 +0.31 (0.96%)

Markets: 
Futures at 8:16: Dow +0.29%. S&P +0.25%. Nasdaq +0.22%. Crude +0.21% to $106.33. Gold -0.52% to $1327.40. U.S. 10 Year -19/32 2.690%.

Europe: London +0.47%. Paris +0.32%. Frankfurt +0.73%. 

Asia: Japan +2.57% to 13867. Hong Kong +1.21% to 22541. China +0.23% to 2106. India +1.49% to 19230. 

Morning Coffee Pre-Market Wall Street News

BlackBerry Could Go Private. The once dominate cell phone maker BlackBerry (BBRY) which is struggling to stay alive could be taken private. It’s been reported that a senior executive at a Canadian pension fund believes they and other funds in Canada would consider a deal to take BlackBerry private. Last Friday, the Canada Pension Plan Investment Board said it would be open participating in a BlackBerry buyout. (BBRY) After Hours: 10.44 -0.21 (-1.97%)

Upgrades:

Cemex S.A.B. de C.V. (CX): Citigroup raised their rating from Neutral to Buy and placed a target price of $14.50 on the company.

LinkedIn (LNKD): Needham raised their rating from Hold to Buy and placed a target price of $280.00 on the company. Pre-market: 235.80 +2.99 (1.28%)

Lowe’s (LOW): Canaccord raised their rating from Sell to Hold and raised their target price from $28.00 to $48.00.

Downgrades:

Broadcom (BRCM): Goldman Sachs lowered their rating from Buy to Neutral and lowered their target price from $36.00 to $30.00. Pre-market: 25.84 -0.22 (-0.84%)

Juniper Networks (JNPR): RBC Capital lowered their rating from Outperform to Sector Perform.

Tesla Motors (TSLA): Lazard Capital lowered their rating from Buy to Neutral. Pre-market: 148.50 -4.50 (-2.94%)

Coverage Initiated:

AbbVie (ABBV): Argus initiated coverage with a Buy rating and target price of $52.00.

Cemex S.A.B. de C.V. (CX): Exane BNP Paribas initiated coverage with an Outperform rating and target price of $14.00.

Ralph Lauren (RL): Goldman Sachs initiated coverage with a Neutral rating and target price of $205.00.

Tiffany & Co. (TIF): Goldman Sachs initiated coverage with a Neutral rating and target price of $84.00.

Earning Reports:

Sysco (SYY): Reported EPS of $0.50 missing estimates by -0.05. Pre-market: 34.15 -0.86 (-2.46%)

Markets: 
Futures at 7:18: Dow -0.36%. S&P -0.47%. Nasdaq -0.31%. Crude -0.53% to $105.40. Gold +1.12% to $1326.70. U.S 10 Year +3/32 2.570%.

Europe: London -0.31%. Paris -0.28%. Frankfurt -0.37%. 

Asia: Japan -0.70% to 13519. Hong Kong +2.13% to 22271. China +2.39% to 2101. India +0.84% to 18947. 

Morning Coffee Pre-Market Wall Street News

Tesla’s Earnings Beat Estimates. Tesla's (TSLA) reported EPS of shares $0.05 vs consensus for a loss of $0.17, while revenues surged to $405.1M from $26.6M last year and the gross margin hit 22%. Helping the numbers is the very popular all electric Model S. Shares of the company rose 12.5% in the pre-market.

Upgrades:

Groupon (GRPN): Raymond James raised their rating from Underperform to Market Perform.

Microsoft (MSFT): Evercore raised their rating from Equal Weight to Overweight.

Lowe’s Cos (LOW): Cleveland Research raised their rating from Neutral to Buy.

Lowe’s Cos (LOW): JPMorgan raised their rating from Neutral to Overweight.

Tata Motors (TTM): Nomura raised their rating from Neutral to Buy.

Downgrades:

Ralph Lauren (RL): ISI Group lowered their rating from Strong Buy to Buy.

Target Corp (TGT): JPMorgan lowered their rating from Overweight to Neutral.

Whole Food Markets (WFM): Northcoast lowered their rating from Buy to Neutral.

Coverage Initiated:

Netflix (NFLX): RW Baird initiated coverage with a Neutral rating and target price of $263.00.

Nike (NKE): Wells Fargo initiated coverage with an Outperform rating and target range of $73.00 - $76.00.

Stryker (SYK): Needham initiated coverage with a Hold rating.

Under Armour (UA): Wells Fargo initiated coverage with a Market Perform rating and target range of $73.00 - $75.00.

Zimmer Holdings (ZMH): Needham initiated coverage with a Buy rating and target price of $98.00.

Earning Reports:

Advance Auto (AAP): Reported EPS of $1.59 beating estimates by +$0.10.

Chiquita Brands (CQB): Reported EPS of $0.66 beating estimates by +$0.20.

Cooper Tire (CTB): Reported EPS of $0.55 missing estimates by -$0.38.

Foster Wheeler (FWTL): Reported EPS of $0.54 beating estimates by +$0.21.

MAXIMUS (MMS): Reported EPS of $0.41 in-line with estimates.

Orbitz (OWW): Reported EPS of $0.00 missing estimates by -$0.10.

Tesla Motors (TSLA): Reported EPS of $0.05 beating estimates by +$0.22.

TreeHouse Foods (THS): Reported EPS of $0.65 beating estimates by +$0.02.

Transocean (RIG): Reported EPS of $1.08 in-line with estimates.

Markets: 

Futures at 9:10: Dow +0.42%. S&P +0.41%. Nasdaq +0.44%. Crude -0.89% to $103.50. Gold +0.59% to $1292.90. U.S. 10 Year 5/32 2.594

Europe: London +0.59%. Paris +0.70%. Frankfurt +0.90%. 

Asia: Japan -1.59% to 13606. Hong Kong +0.31% to 21656. China -0.09% to 2045. India +0.67% to 18,789.