Stock Market Futures Point to Small Gain at Opening. Stock futures show the market opening with a small gain after the release of the latest ADP employment numbers. ADP reported that private employment for March came in at 191,000 up from 178,000 in February, but below economist estimates of 215,000 jobs. Economists are also expected the government jobs report to come in at 250,000 new jobs of Friday. Factory orders for February are also expected to be released today at 10:00 a.m. Economist expect to see a 1.1% increase.

Upgrades:

Comerica (CMA): Wells Fargo raised their rating from Underperform to Market Perform.

Intuitive Surgical (ISRG): JMP Securities raised their rating from Market Underperform to Market Outperform and placed a target price of $700.00 on the company. Pre-market: 508.00 +14.40 (2.92%)

W.P. Carey (WPC): First Call raised their rating from Buy to Strong Buy.

Downgrades:

Edison International (EIX): Argus lowered their rating from Buy to Hold.

Potash Corp. (POT): Alta Corp lowered their rating from Sector Perform to Underperform and placed a target price of $28.00 on the company. Pre-market: 34.93 -0.39 (-1.10%)

U.S. Bancorp (USB): Sandler O’Neil lowered their rating from Buy to Hold. Pre-market: 42.83 -0.16 (-0.37%)

Coverage Initiated:

Ford Motor Co. (F): Nomura initiated coverage with a Neutral rating and target price of $15.00. Pre-market: 16.35 +0.03 (0.18%)

General Motors (GM): Nomura initiated coverage with a Reduce rating and target price of $32.00. Pre-market: 34.61 +0.27 (0.79%)

Honda Motor (HMC): Credit Suisse initiated coverage with a Outperform rating. Pre-market: 35.48 +0.28 (0.80%)

NRG Energy (NRG): Barclays resumed coverage with an Overweight rating and target price of $36.00.

Textron (TXT): JPMorgan resumed coverage with an Overweight rating and target price of $44.00.

Earning Reports:

Jos. A. Bank (JOSB): Reported EPS of $1.07 in-line with estimates.

Monsanto (MON): Reported EPS of $3.15 beating estimates by $0.08. Pre-market: 114.97 +0.98 (0.86%)

Markets: 
Futures at 8:46: Dow +0.08%. S&P +0.03%. Nasdaq +0.14%. Crude -0.77% to $98.97. Gold +1.00% to $1292.50. U.S. 10 Year -6/32 to 2.778%.

Europe: London +0.09%. Paris +0.09%. Frankfurt +0.26%. 

Asia: Japan +1.04% to 14946. Hong Kong +0.34% to 22524. China +0.56% to 2056. India +0.47% to 2253. 

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Morning Cofee Pre-Market Wall Street News

Google Shares Jump On Earnings. Google's (GOOG) shares jumped 9.19% in the premarket after the company reported Q3 earnings that beat Wall Street estimates. The company reported strong paid-click growth that offset ad-price weakness, with nice gains in mobile. Net profit at the company rose 36% to $2.97B. Adjusted EPS was $2.18B or $10.74 per share. Revenue climbed 12% to $14.89B. Pre-market: 970.50 +81.71 (9.19%)

Upgrades:

Amazon.com (AMZN): UBS raised their rating from Neutral to Buy and raised their target price from $305.00 to $385.00.

21^st Century Fox (FOXA): BTIG raised their rating from Neutral to Buy.

T-Mobile (TMUS): Goldman Sachs raised their rating from Buy to Conviction Buy and placed a target price of $32.00 on the company. Pre-market: 28.10 +0.66 (2.41%)

Downgrades:

Advanced Micro (AMD): Bank of America Merrill Lynch lowered their rating from Buy to Neutral and lowered their target price from $6.00 to $4.50. Pre-market: 3.70 -0.39 (-9.54%)

IBM (IBM): Argus lowered their rating from Buy to Hold. Pre-market: 175.55 +0.72 (0.41%)

Las Vegas Sands (LVS):Craig-Hallum lowered their rating from Buy to Hold and lowered their target price from $71.00 to $62.00. Pre-market: 71.89 +0.92 (1.30%)

McDermott International (MDR): Macquarie lowered their rating from Outperform to Underperform and lowered their target price from $9.00 to $7.50.

Panera Bread (PNRA): Wedbush lowered their rating from Outperform to Neutral and lowered their target price from $190.00 to $165.00. Pre-market: 158.65 -1.90 (-1.18%)

Sanofi (SNY): Leerink lowered their rating from Outperform to Market Perform. Pre-market: 49.99 -0.14 (-0.28%)

UnitedHealth (UNH): Cantor Fitzgerald lowered their rating from Buy to Hold and lowered their target price from $75.00 to $70.00.

Coverage Initiated:

Finish Line (FINL): UBS initiated coverage with a Neutral rating and target price of $25.00.

Earning Reports:

Advanced Micro (AMD): Reported EPS of $0.04 beating estimates by +$0.02. Pre-market: 3.70 -0.39 (-9.54%)

Baker Hughes (BHI): Reported EPS of $0.81 beating estimates by +$0.03. Pre-market: 54.65 +2.87 (5.54%)

Capital One (COF): Reported EPS of $0.86 beating estimates by +$0.05. Pre-market: 73.00 +0.85 (1.18%)

Chipotle Mexican Grill (CMG): Reported EPS of $2.66 missing estimates by -$0.12. Pre-market: 473.55 +34.48 (7.85%)

General Electric (GE): Reported EPS of $0.36 beating estimates by +$0.01. Pre-market: 25.41 +0.73 (2.96%)

Google (GOOG): Reported EPS of $10.74 beating estimates by +0.37. Pre-market: 970.50 +81.71 (9.19%)

Honeywell (HON): Reported EPS of $1.25 beating estimates by +$0.01. Pre-market: 85.65 -1.09 (-1.26%)

Las Vegas Sands (LVS): Reported EPS of $0.82 beating estimates by +0.06. Pre-market: 71.89 +0.92 (1.30%)

Morgan Stanley (MS): Reported EPS of $0.50 beating estimates by +0.09. Pre-market: 29.88 +0.95 (3.28%)

Schlumberger (SLB): Reported EPS of $1.29 beating estimates by +0.05. Pre-market: 93.30 +1.87 (2.05%)

Stryker (SYK): Reported EPS of $0.98 missing estimates by -$0.02. Pre-market: 72.60 +0.05 (0.07%)

Textron (TXT): Reported EPS of $0.35 missing estimates by -$0.08. Pre-market: 26.20 -1.32 (-4.80%)

WD-40 (WDFC): Reported EPS of $0.53 beating estimates by +0.05.

Markets: 
Futures at 7:34: Dow +0.13%. S&P +0.30%. Nasdaq +0.58%. Crude +0.86% to $101.50. Gold -0.47% to $1316.70. U.S. 10 Year +6/32 2.571%.

Europe: London +0.48%. Paris +0.72%. Frankfurt +0.31%. 

Asia: Japan -0.17% to 14562. Hong Kong +1.06% to 23340. China +0.24% to 2194. India +2.29% to 20883. 

#RLPaler