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 

Morning Coffee Pre-Market Wall Street News

Cisco Shares Get Hit. 

Shares of tech giant Cisco System (CSCO) are getting hit hard in the pre-market after the company provided FQ1 guidance that disappointed Wall Street analysts.  The company also said it was cutting 4,000 jobs to cope with a "challenging" global environment. Cisco expects FQ1 revenue growth of 3-5% and EPS of $0.50-0.51 vs consensus of 4.9% and $0.51 respectively. The company did report FQ4 earnings $0.52 and sales increasing +6% to $12.42B beating Wall Street estimates. Profits at the company increased to $2.27B from $1.92B last year. Pre-market: 24.40 -1.98 (-7.50%)

Upgrades:

Baker Hughes (BHI): RBC Capital raised their rating from Sector Perform to Outperform and raised their target price from $56.00 to $58.00.

Cisco (CSCO): ISI Group raised their rating from Cautious to Neutral. Pre-market: 24.40 -1.98 (-7.50%)

 ITC Holdings (ITC): ISI Group raised their rating from Neutral to Buy and placed a target price of $100.00 on the company.

National Oilwell (NOV): RBC Capital raised their rating from Sector Perform to Outperform and raised their target price from $78.00 to $86.00. Pre-market: 73.00 -0.40 (-0.54%)

Downgrades:

Deere & Co (DE): Argus lowered their rating from Buy to Hold. Pre-market: 81.37 -0.97 (-1.18%)

Intel (INTC): RW Baird lowered their rating from Outperform to Neutral and lowered their target price from $26.00 to $23.00. Pre-market: 22.28 -0.29 (-1.28%)

Micron Tech (MU): RW Baird lowered their rating from Outperform to Neutral and maintained the target price of $17.00. Pre-market: 14.46 -0.36 (-2.43%)

Smith & Wesson (SWHC): KeyBanc lowered their rating from Hold to Underweight and placed a target price of $10.00 on the company.

Coverage Initiated:

Agilent (A): Janney Capital initiated coverage with a Neutral rating and target price of $50.00. Pre-market: 48.10 +1.59 (3.42%)

Danaher Corp (DHR): Janney Capital initiated coverage with a Buy rating and target price of $83.00. Pre-market: 66.30 -0.37 (-0.55%)

NutriSystem (NTRI): Imperial Capital initiated coverage with an In-Line rating and target price of $14.00.

Pall Corp (PLL): Janney Capital initiated coverage with a Neutral rating and target price of $79.00.

Thermo Fisher (TMO): Janney Capital initiated coverage with a Buy rating and target price of $113.00.

Waters Corp (WAT): Janney Capital initiated coverage with a Neutral rating and target price of $118.00.

Earning Reports:

Agilent (A): Reported EPS of $0.68 beating estimates by +$0.06. Pre-market: 48.10 +1.59 (3.42%)

Briggs & Stratton (BGG): Reported EPS of $0.22 beating estimates by +$0.03. Pre-market: 20.51 +0.41 (2.04%)

Cisco Systems (CSCO): Reported EPS of $0.52 beating estimates by +$0.01. Pre-market: 24.40 -1.98 (-7.50%)

Estee Lauder (EL): Reported EPS of $0.24 beating estimates by +$0.03. Pre-market: 67.00 +1.87 (2.87%)

G&K (GK): Reported EPS of $0.66 beating estimates by +$0.01.

Kolh’s (KSS): Reported EPS of $1.04 in-line with estimates. Pre-market: 51.85 +1.01 (1.99%)

Wal-Mart (WMT): Reported EPS of $1.25 in-line with estimates. Pre-market: 74.55 -1.85 (-2.42%)

Markets: 
Futures at 6:20: Dow -0.31%. S&P -0.56%. Nasdaq -0.70%. Crude +0.38% to $107.26. Gold +0.10% to $1334.90. U.S. 10 Year -20/32 2.794%

Europe: London -1.33%. Paris -0.61%. Frankfurt -0.77%. 

Asia: Japan -2.12% to 13753. Hong Kong -0.01% at 22539. China -0.87% to 2082. India closed.