Twitter Share Lock-Up Expiring

Twitter Share Lock-Up Expiring. The first lock-up period after Twitter's (TWTR) successful IPO is due to expire tomorrow. This will allow non-executive employees, which hold 9.87M shares to sell their stock. The expiration of the lock-up period will increase the number of outstanding tradable shares by 12% to 90M. A second lock-up period will expire in May allowing another 474.7M shares to be eligible for sale. Pre-market: 57.03 +0.56 (0.99%)

Upgrades:

Exxon Mobil (XOM): ISI Group raised their rating from Neutral to Buy. Pre-market: 92.00 +0.57 (0.62%)

Starwood Hotels & Resorts (HOT): UBS raised their rating from Neutral to Buy and raised their target price from $75.00 to $85.00.

TreeHouse Foods (THS): Credit Suisse raised their rating from Underperform to Neutral and raised their target price from $67.00 to $70.00.

Downgrades:

Foster Wheeler (FWLT): Macquarie lowered their rating from Outperform to Neutral.

Foster Wheeler (FWLT): BB&T lowered their rating from Buy to Hold.

Mattel (MAT): Argus lowered their rating from Buy to Hold.

Snap-On Inc. (SNA): S&P lowered their rating from 4 Stars to 3 Stars.

Coverage Initiated:

Allscripts Healthcare (MDRX): RBC Capital initiated coverage with an Outperform rating and target price of $20.00.

WebMD Health (WBMD): RBC Capital initiated coverage with a Top Pick rating and target price of $70.00.

Earning Reports:

Campbell Soup (CPB): Reported EPS of $0.76 beating estimates by +$0.05. Pre-market: 42.50 +1.53 (3.73%)

DTE Energy (DTE): Reported EPS of $0.70 missing estimates by -$0.15.

Equifax (EFX): Reported EPS of $0.91 in-line with estimates.

Hyatt Hotels (H): Reported EPS of $0.32 beating estimates by +$0.12.

J.M. Smucker (SJM): Reported EPS of $1.66 missing estimates by -$0.02. Pre-market: 90.75 -4.39 (-4.61%)

Kraft Foods (KRFT): Reported EPS of $1.54 beating estimates by +$0.92. Pre-market: 54.00 +0.40 (0.74%)

TWR Automotive (TRW): Reported EPS of $1.84 beating estimates by +$0.18.

V.F. Corp (VFC): Reported EPS of $0.82 missing estimates by -$0.02. Pre-market: 55.70 -4.19 (-7.00%)

Markets: 
Futures at 8:09: Dow +0.03%. S&P 0.00%. Nasdaq +0.10%. Crude -0.24% to $100.11. Gold +1.28% to $1316.90. U.S. 10 Year 0/32 to 2.736%.

Europe: London +0.11%. Paris +0.46%. Frankfurt +0.58%. 

Asia: Japan -1.53% to 14313. Hong Kong +0.60% to 22298. China +0.83% to 2116. India +0.86% to 20367. 

#TopWealthManager #RLPaler #WallStreet #PreMarket #WealthManagement #FinancialPlanning #AnalystsRatings #EarningReports

Disney Reports Good Quarterly Results. Walt Disney's (DIS) reported quarterly results that beat Wall Street’s expectations. Disney announced that their FQ1 net profit rose +33% to $1.84B and earnings of $1.04. Revenue at the entertainment giant climbed +8.6% to $12.31B. Sales grew across all of Disney's different divisions with close to half of the company's profit coming from Media Networks, led by ESPN. The films "Frozen" and "Thor: The Dark World" helped studio revenue leap +23% to $1.89B. Pre-market: 74.65 +2.89 (4.03%)

Upgrades:

American Express (AXP): Janney Capital raised their rating from Neutral to Buy and placed a target price of $90.00 on the company. Pre-market: 84.25 +0.53 (0.63%)

Green Mountain Coffee (GMCR): Stifel raised their rating from Sell to Hold. Pre-market: 112.20 +31.32 (38.72%)

Mosaic (MOS): HSBC raised their rating from Underweight to Neutral. Pre-market: 45.25 +0.39 (0.87%)

Downgrades:

Diamond Offshore (DO): Iberia lowered their rating from Sector Perform to Underperform and placed a target price of $30.00 on the company. Pre-market: 47.25 +0.74 (1.59%)

Ford Motor Co. (F): Argus lowered their rating from Buy to Hold. Pre-market: 14.64 -0.09 (-0.61%)

Twitter (TWTR): Sterne Agee lowered their rating from Neutral to Underperform and placed a target price of $43.00 on the company. Pre-market: 50.71 -15.26 (-23.13%)

Twitter (TWTR): Atlantic Equities lowered their rating from Neutral to Underweight. Pre-market: 50.71 -15.26 (-23.13%)

Coverage Initiated:

Dow Chemical (DOW): BGC Financial initiated coverage with a Buy rating and target price of $55.00. Pre-market: 45.40 +0.55 (1.23%)

Earning Reports:

Advance Auto (AAP): Reported EPS of $0.94 beating estimates by +$0.13. Pre-market: 123.00 +12.25 (11.06%)

AOL (AOL): Reported EPS of $0.43 missing estimates by -$0.05. Pre-market: 49.49 +1.92 (4.04%)

Dunkin Brands (DNKN): Reported EPS of $0.43 beating estimates by +$0.03. Pre-market: 48.31 +1.01 (2.14%)

General Motors (GM): Reported EPS of $0.67 missing estimates by -$0.22. Pre-market: 34.57 -0.67 (-1.90%)

Kellogg (K): Reported EPS of $0.83 beating estimates by +$0.01. Pre-market: 57.00 -0.37 (-0.64%)

Snap-On (SNA): Reported EPS of $1.60 beating estimates by +$0.04.  

Sony (SNE): Reported EPS of $26.00 beating estimates by +$11.40.  Pre-market: 15.18 -0.72 (-4.53%)

Twitter (TWTR): Reported EPS of $0.02 beating estimates by +$0.03. Pre-market: 50.71 -15.26 (-23.13%)

Walt Disney (DIS): Reported EPS of $1.04 beating estimates by +$0.15. Pre-market: 74.65 +2.89 (4.03%)

Markets: 
Futures at 8:39: Dow +0.42%. S&P +0.42%. Nasdaq +0.52%. Crude +0.77% to $98.13. Gold +0.01% to $1257.20. U.S. 10 year -3/32 to 2.683%.

Europe: London +0.74%. Paris +0.48%. Frankfurt +0.42%.

Asia: Japan -0.18% to 14155. Hong Kong +0.72% to 21423. China closed. India +0.25% at 20311. 

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

Microsoft Paying Companies to Make Windows Phones

Microsoft Paying Companies to Make Windows Phones. Unconfirmed reports say that Microsoft (MSFT) will reportedly make $2.6B in "support" payments to Smartphone manufactures persuade them to make one Windows Phone each. Some may call it a bribe and others say it’s a sign that Microsoft has lost the mobile device wars. Samsung (SSNLF) will receive $1.2B, Sony (SNE) $500M, Huawei $600M and others will receive $300M. Pre-market: 36.69 -0.07 (-0.19%)

Upgrades:

AOL (AOL): CRT Capital raised their rating from Fair Value to Buy and placed a target price of $57.00 on the company. Pre-market: 48.25 +1.00 (2.11%)

Big Lots (BIG): Raymond James raised their rating from Underperform to Market Perform.

CSX Corp (CSX): Argus raised their rating from Hold to Buy and placed a target price of $35.00 on the company. Pre-market: 27.69 -1.54 (-5.27%)

Micron Tech (MU): JMP Securities raised their rating from Market Perform to Outperform and placed a target price of $31.00 on the company. Pre-market: 23.45 +0.12 (0.51%)

Downgrades:

CSX Corp (CSX): Stifel lowered their rating from Buy to Hold. Pre-market: 27.69 -1.54 (-5.27%)

Diageo PLC (DEO): JPMorgan lowered their rating from Overweight to Neutral. Pre-market: 129.23 -1.45 (-1.11%)

Dollar General (DG): ResearchTeam lowered their rating from Hold to Reduce.

EMC Corp (EMC): Monness Crespi lowered their rating from Buy to Neutral. Pre-market: 26.18 -0.11 (-0.42%)

Family Dollar (FDO): Raymond James lowered their rating from Market Perform to Underperform.

Kroger (KR): Credit Suisse lowered their rating from Outperform to Neutral and lowered their target price from $48.00 to $39.00.

Norfolk Southern (NSC): Stifel lowered their rating from Buy to Hold. Pre-market: 89.35 -1.81 (-1.99%)

Coverage Initiated:

Buffalo Wild Wings (BWLD): CLSA initiated coverage with an Outperform rating.

Twitter (TWTR): Telsey Advisory initiated coverage with a Not Rated rating and a target price of $70.00. Pre-market: 61.20 -0.37 (-0.60%)

Earning Reports:

BB&T Corp (BBT): Reported EPS of $0.75 beating estimates by +$0.03.

BlackRock (BLK): Reported EPS of $4.92 beating estimates by +$0.59. Pre-market: 324.26 +11.51 (3.68%)

Citigroup (C): Reported EPS of $0.82 missing estimates by -$0.16. Pre-market: 53.25 -1.74 (-3.16%)

Goldman Sachs (GS): Reported EPS of $4.60 beating estimates by +$0.42. Pre-market: 179.00 +0.25 (0.14%)

Huntington Banc (HBAN): Reported EPS of $0.18 beating estimates by +$0.01. Pre-market: 9.74 -0.16 (-1.62%)

PNC (PNC): Reported EPS of $1.85 beating estimates by +$0.22. Pre-market: 80.69 +1.85 (2.35%)

PPG Industries (PPG): Reported EPS of $1.81 beating estimates by +$0.08. Pre-market: 192.00 +1.30 (0.68%)

UnitedHealth (UNH): Reported EPS of $1.41 beating estimates by +$0.01. Pre-market: 73.00 -1.84 (-2.46%)

Markets: 
Futures at 8:00: Dow -0.10%. S&P -0.18%. Nasdaq -0.03%. Crude +0.28% to $94.42. Gold -0.09% to $1234.40. U.S. 10 Year +7/32 to 2.871%.

Europe: London +0.06%. Paris -0.19%. Frankfurt -0.22%. 

Asia: Japan -0.39% to 15747.2. Hong Kong +0.37% to 22986. China +0.02% at 2024. India -0.11% to 21265. 

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

Men’s Wearhouse in Hostile Bid for Jos A. Bank.

Men’s Wearhouse in Hostile Bid for Jos A. Bank. Men's Wearhouse (MW) has increased its bid for Jos. A. Bank Clothiers (JOSB) to $57.50 a share. Its earlier offer of $55.00 was rejected by Jos. A. Bank back in November.  (MW) Pre-market: 52.96 +2.37 (4.68%) (JOSB) Pre-market: 57.00 +2.59 (4.76%)

Upgrades:

Boston Scientific (BSX): Oppenheimer raised their rating from Equal Weight to Overweight and placed a target price of $15.00 on the company. Pre-market: 12.15 +0.22 (1.84%)

Celgene (CELG): ResearchTeam raised their rating from Hold to Accumulate. Pre-market: 166.00 -3.81 (-2.24%)

ConocoPhillips (COP): Raymond James raised their rating from Underperform to Market Perform.

Urban Outfitters (URBN): Ascendiant raised their rating from Buy to Strong Buy and placed a target price of $55.00 on the company.

Wynn Resorts (WYNN): Citigroup raised their rating from Neutral to Buy and raised their target price from $167.92 to $222.00. Pre-market: 198.55 +2.55 (1.30%)

Zimmer Holdings (ZMH): Leerink raised their rating from Market Perform to Outperform and raised their target price from $93.00 to $110.00.

Downgrades:

AFLAC (AFL): Credit Suisse lowered their rating from Outperform to Neutral and lowered their target price from $67.00 to $66.00.

AFLAC (AFL): ResearchTeam lowered their rating from Hold to Reduce.

AGL Resources (GAS): ResearchTeam lowered their rating from Hold to Reduce.

Apple (AAPL): Standpoint Research lowered their rating from Hold to Sell. Pre-market: 537.99 -2.99 (-0.55%)

Celgene (CELG): Goldman Sachs lowered their rating from Neutral to Sell and maintained their target price of $140.00. Pre-market: 166.00 -3.81 (-2.24%)

Devon Energy (DVN): Guggenheim lowered their rating from Buy to Neutral. Pre-market: 60.60 -0.43 (-0.70%)

eBay (EBAY): Morgan Stanley lowered their rating from Overweight to Equal Weight. Pre-market: 52.10 -1.16 (-2.18%)

Ensco PLC (ESV): ResearchTeam lowered their rating from Hold to Reduce.

Foot Locker (FL): ResearchTeam lowered their rating from Accumulate to Hold.

Halliburton (HAL): Guggenheim lowered their rating from Buy to Neutral. Pre-market: 50.31 +0.18 (0.36%)

Patterson-UTI Energy (PTEN): Guggenheim lowered their rating from Buy to Neutral.

Total SA (TOT): ResearchTeam lowered their rating from Hold to Reduce.

Twitter (TWTR): CRT Capital lowered their rating from Buy to Fair Value. Pre-market: 65.05 -3.95 (-5.72%)

Wendy’s (WEN): Janney Capital lowered their rating from Buy to Neutral and placed a target price of $9.00 on the company. Pre-market: 8.40 -0.28 (-3.23%)

Coverage Initiated:

Phillip Morris Intl (PM): Standpoint Research initiated coverage with a Sell rating. Pre-market: 86.51 +0.98 (1.14%)

Markets: 
Futures at 7:46: Dow +0.20%. S&P +0.18%. Nasdaq +0.11%. Crude +0.40% to $94.33. Gold -0.07% to $1237.70.  U.S. 10 Year +6/32 to 2.978%.

Europe: London +0.17%. Paris +0.01%. Frankfurt +0.26%. 

Asia: Japan -2.35% to 15909. Hong Kong -0.58% to 22684. China -1.80% to 2046. India -0.31% to 20787. 

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

Nike Post Nice Earnings

Nike Post Nice Earnings. Nike's (NKE) reported that their FQ2 profit jumped +40% to $537M. Earnings at the company came in at $0.59 topping Wall Street estimates, while revenue climbed +8% to $6.43B, but missed consensus. Nike saw strong sales growth in North America, Western Europe and China. The company also gave upbeat future guidance. Pre-market: 77.50 -0.76 (-0.97%)

Upgrades:

3M Co. (MMM): JPMorgan raised their rating from Underweight to Neutral and raised their target price from $120.00 to $128.00. Pre-market: 136.69 +0.28 (0.21%)

Carnival (CCL): Credit Suisse raised their rating from Neutral to Outperform and raised their target price from $30.00 to $43.00. Pre-market: 39.35 +1.30 (3.42%)

RedHat (RHT): Raymond James raised their rating from Market Perform to Outperform. Pre-market: 55.90 +6.90 (14.08%)

RedHat (RHT): UBS raised their rating from Neutral to Buy and raised their target price from $53.00 to $58.00. Pre-market: 55.90 +6.90 (14.08%)

Coverage Initiated:

Silicon Labs (SLAB): Stephens initiated coverage with an Equal Weight rating and target price of $40.00. Pre-market: 41.10 0.00 (0.00%)

Tesco Corp (TESO): Iberia initiated coverage with an Outperform rating and target price of $26.00. Pre-market: 18.89 0.00 (0.00%)

Twitter (TWTR): BMO Capital initiated coverage with a Market Perform rating and target price of $55.00. Pre-market: 58.26 +0.77 (1.34%)

Wynn Resorts (WYNN): Argus initiated coverage with a Buy rating and target price of $210.00. Pre-market: 185.50 +0.39 (0.21%)

Earning Reports:

BlackBerry (BBRY): Reported EPS of -$0.67 missing estimates by -$0.24. Pre-market: 6.36 +0.11 (1.76%)

CarMax (KMX): Reported EPS of $0.47 missing estimates by -$0.01. Pre-market: 50.50 -2.55 (-4.81%)

Cintas (CTAS): Reported EPS of $0.70 beating estimates by +$0.02. Pre-market: 56.48 0.00 (0.00%)

Finish Line (FINL): Reported EPS of $0.70 beating estimates by +$0.02. Pre-market: 28.20 +2.06 (7.88%)

Navistar (NAV): Reported EPS of -$1.90 missing estimates by -$0.33. Pre-market: 37.50 -1.96 (-4.97%)

Nike (NKE): Reported EPS of $0.59 beating estimates by +$0.01. Pre-market: 77.50 -0.76 (-0.97%)

RedHat (RHT): Reported EPS of $0.42 beating estimates by +$0.07. Pre-market: 55.90 +6.90 (14.08%)

Walgreens (WAG): Reported EPS of $0.72 in-line with estimates. Pre-market: 55.68 -1.26 (-2.21%)

Markets: 
Futures at 8:03: Dow +0.11%. S&P +0.12%. Nasdaq +0.16%. Crude -0.27% to $98.79. Gold -0.14% to $1191.70. U.S. 10 Year -5/32 to 2.949%.

Europe: London +0.22%. Paris +0.06%. Frankfurt +0.44%. 

Asia: Japan +0.07% to 15870. Hong Kong -0.33% to 22812. China -2.02% to 2085. India +1.79% to 21079. 

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