Walt Disney to Acquire Maker Studios

Walt Disney to Acquire Maker Studios. Disney (DIS) will acquire YouTube content provider Maker Studios for $500M, with as much as $450M in performance earn-outs. Maker Studios receives receives 5.5B monthly video views and has 380M YouTube channel subscribers. Pre-market: 80.40 +0.91 (1.14%)

Upgrades:

Paccar (PCAR): Goldman Sachs raised their rating from Neutral to Buy and raised their target price from $74.00 to $80.00.

SABMiller PLC (SBMRY): Bernstein raised their rating from Market Perform to Outperform.

Downgrades:

Arch Coal (ACI): Jeffries lowered their rating from Buy to Hold and placed a target price of $4.75 on the company.

AT&T (T): HSBC lowered their rating from Overweight to Neutral and lowered their target price from $39.00 to $35.00. Pre-market: 34.34 -0.12 (-0.35%)

KBR (KBR): Goldman Sachs lowered their rating from Buy to Neutral and lowered their target price from $34.00 to $32.00.

Navistar International (NAV): UBS lowered their rating from Buy to Neutral and lowered their target price from $44.00 to $36.00.

Timken (TKR): KeyBanc lowered their rating from Buy to Hold.

Earning Reports:

Carnival (CCL): Reported EPS of $0.00 beating estimates by +$0.08. Pre-market: 38.90 -1.10 (-2.75%)

McCormick (MKC): Reported EPS of $0.62 beating estimates by +$0.02.

Walgreens (WAG): Reported EPS of $0.91 missing estimates -$0.01. Pre-market: 65.25 +0.94 (1.46%)

Markets:
Futures at 6:20: Dow +0.1%. S&P +0.1%. Nasdaq +0.1%. Crude +0.3% to $99.89. Gold -1.6% to $1314.40.  U.S. 10 Year -6/32 to 2.752%.

Europe: London +1.1%. Paris +1.1%. Frankfurt +1.1%.

Asia: Japan -0.4% to 14423. Hong Kong -0.5% to 21732. China +0.05% to 2067. India -0.1% to 22055.

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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. 

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JPMorgan Hired Relatives To Get Deals.

JPMorgan Hired Relatives To Get Deals. Reports indicate that JPMorgan (JPM) began hiring relatives of government and other officials to secure banking deals. According to the NYTreports one email says "We lost a deal to DB (Deutsche Bank) today because they got (the) chairman's daughter (to) work for them this summer." JPMorgan and several other U.S. banks are being investigated for their recruitment policies in China and other overseas countries.

Upgrades:

Crocs (CROX): Sterne Agee raised their rating from Underperform to Neutral and placed a target price of $10.00 on the company.

Ensco PLC (ESV): ReserchTeam raised their rating from Reduce to Hold.

Expeditors International (EXPD): ReserchTeam raised their rating from Reduce to Hold.

Foot Locker (FL): ReserchTeam raised their rating from Hold to Accumulate.

Mattel (MAT): ReserchTeam raised their rating from Hold to Accumulate.

Mosaic (MOS): ReserchTeam raised their rating from Reduce to Hold.

Total SA (TOT): ReserchTeam raised their rating from Reduce to Hold.

Walt Disney (DIS): Guggenhein raised their rating from Neutral to Buy and raised their target price from $77.00 to $87.00.

Downgrades:

Cardinal Health (CAH): ReserchTeam lowered their rating from Accumulate to Hold.

Earning Reports:

Cal-Marine Foods (CALM): Reported EPS of $1.08 missing estimates by -$0.03.

Markets: 
Futures at 9:03: Dow +0.02%. S&P -0.03%. Nasdaq -0.13%. Crude -0.28% at $100.04. Gold -0.63% to $1206.60. U.S 10 Year +3/32 to 2.990%

Europe: London -0.32%. Paris +0.06%. Frankfurt -0.39%. 

Asia: Japan +0.69% to 16291. Hong Kong +0.01% at 23245. China -0.18% to 2098. India -0.24% to 21143. 

U.S. Stocks Set to Open Lower

U.S. Stocks Set to Open Lower. U.S. stock futures are currently lower as traders increase their concern that the Federal Reserve may end their stimulus program earlier than expected.  If the market closes lower today it would be the third straight day the market has posted losses. Wall Street concerns amplified on Monday as stronger-than-expected data on manufacturing and construction spending were reported. Wall Street is now looking for an announcement in March that the Fed may lean towards scaling back its stimulus of $85 billion in monthly bond purchases.

Upgrades:

Apple (AAPL): UBS raised their rating from Neutral to Buy and raised their target price from $540.00 to $650.00.

Devon Energy (DVN): Argus raised their rating from Hold to Buy. Pre-market: 60.93 +0.39 (0.64%)

Flir Systems (FLIR): CRT Capital raised their rating from Fair Value to Buy and placed a target price of $37.00 on the company.

Forest Labs (FRX): SunTrust raised their rating from Neutral to Buy and raised their target price from $50.00 to $72.00.

Downgrades:

Spectra Energy (SE): Tudor Pickering lowered their rating from Accumulate to Hold.

Walt Disney (DIS): B. Riley lowered their rating from Buy to Neutral and maintained a target price of $73.00. Pre-market: 70.46 -0.45 (-0.63%)

Coverage Initiated:

Micron Tech (MU): Needham initiated coverage with a Buy rating and target price of $30.00. Pre-market: 21.38 +0.11 (0.52%)

Earning Reports:

Bank of Montreal (BMO): Reported EPS of $1.64 beating estimates by $0.06.

Krispy Kreme (KKD): Reported EPS of $0.16 beating estimates by $0.01. Pre-market: 20.86 -3.69 (-15.03%)

Thor Industries (THO): Reported EPS of $0.68 missing estimates by -$0.02.

Markets: 
Futures at 8:19: Dow -0.39%. S&P -0.28%. Nasdaq -0.11%. Crude +0.16% to $93.97. Gold -0.05% to $1221.40. U.S. 10 Year +7/32 2.772%.

Europe: London -0.71%. Paris -1.83%. Frankfurt -1.33%. 

Asia: Japan +0.60% to 15750. Hong Kong -0.53% to 23910. China +0.69% to 2223. India -0.21% to 20855. 

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

Morning Coffee Pre-Market Wall Street News

Microsoft Share Jump On Earnings. Microsoft (MSFT) reported that their FQ1 net profit climbed +16% to $5.2B.  EPS were reported at $0.62 beating Wall Street estimates by $0.08. Revenues at the company also rose +16% to $18.53B. Microsoft's performance was boosted by strong corporate sales of its Office and server software.  Earlier this week Apple (APPL) announced that they would begin offering their latest operating system Maverick for free along with iWork which is their version of Office. Pre-market: 35.74 +2.02 (5.99%)

Upgrades:

Brinker Intl (EAT): Wunderlich raised their rating from Hold to Buy and raised their target price from $44.00 to $50.00.

Colgate-Palmolive (CL): Canaccord raised their rating from Sell to Hold and raised their target price from $52.00 to $58.00.

DuPont (DD): Citigroup raised their rating from Neutral to Buy and raised their target price from $61.00 to $70.00.

Ford Motor (F): CLSA raised their rating from Underperform to Outperform and raised their target price from $18.00 to $20.00.

Hasbro (HAS): BMO Capital raised their rating from Underperform to Market Perform and raised their target price from $38.00 to $50.00.

Sony (SNE): Credit Suisse raised their rating from Neutral to Outperform. Pre-market: 19.14 0.00 (0.00%)

Western Digital (WDC): Craig-Hallum raised their rating from Sell to Hold and placed a target price of $70.00 on the company. Pre-market: 70.50 -0.04 (-0.06%)

Downgrades:

Caterpillar (CAT): Atlantic Equities lowered their rating from Overweight to Neutral.

Transocean (RIG): Guggenheim lowered their rating from Buy to Neutral and lowered their target price from $58.00 to $53.00. Pre-market: 48.75 -0.27 (-0.55%)

Wynn Resorts (WYNN): Craig-Hallum lowered their rating from Buy to Hold and lowered their target price from $170.00 to $160.00. Pre-market: 170.02 -2.83 (-1.64%)

Coverage Initiated:

Walt Disney (DIS): FBR Capital initiated coverage with an Outperform rating and target price of $84.00.

Earning Reports:

AbbVie (ABBV): Reported EPS of $0.82 beating estimates by +$0.04. Pre-market: 48.90 +0.97 (2.02%)

DTE Energy (DTE): Reported EPS of $1.13 missing estimates by -$0.08.

Eaton (ETN): Reported EPS of $1.12 in-line with estimates. Pre-market: 67.50 -1.00 (-1.46%)

Express Scripts (ESRX): Reported EPS of $1.08 in-line with estimates. Pre-market: 62.49 -1.25 (-1.96%)

Microsoft (MSFT): Reported EPS of $0.62 beating estimates by +$0.08. Pre-market: 35.74 +2.02 (5.99%)

National Oilwell Varco (NOV): Reported EPS of $1.34 beating estimates by +$0.02. Pre-market: 82.00 +2.87 (3.63%)

Newell Rubbermaid (NWL): Reported EPS of $0.52 beating estimates by +$0.03. Pre-market: 30.10 +1.18 (4.08%)

NETGEAR (NTGR): Reported EPS of $0.58 in-line with estimates. Pre-market: 30.00 -2.14 (-6.66%)

Procter & Gamble (PG): Reported EPS of $1.05 in-line with estimates. Pre-market: 80.30 -0.31 (-0.38%)

Sherwin-Williams (SHW): Reported EPS of $2.68 beating estimates by +$0.04. Pre-market: 190.00 +3.00 (1.60%)

Synaptics (SYNA): Reported EPS of $1.31 beating estimates by +$0.08. Pre-market: 50.07 -2.97 (-5.60%)

UPS (UPS): Reported EPS of $1.16 beating estimates by +$0.01. Pre-market: 96.39 +1.90 (2.01%)

Weyerhaeuser (WY): Reported EPS of $0.27 beating estimates by +$0.05. Pre-market: 31.20 +0.90 (2.97%)

Wynn Resorts (WYNN): Reported EPS of $1.84 beating estimates by +$0.12. Pre-market: 170.02 -2.83 (-1.64%)

Markets: 
Futures at 6:17: Dow -0.03%. S&P +0.02%. Nasdaq +0.27%. Crude +0.13% to $97.24. Gold -0.88% to $1338.30. U.S. 10 Year +5/32 2.506%.

Europe: London +0.14%. Paris +0.01%. Frankfurt +0.17%. 

Asia: Japan -2.78% to 14088. Hong Kong -0.60% to 22698. China -1.45% to 2133. India -0.20% to 20684. 

Morning Coffee Pre-Market Wall Street News

Ford Post Strong Q3 Profits. Ford Motor reports very strong Q3 profits, driven by strength in North America and smaller losses in Europe. The auto maker reported pre-tax earnings of $2.6 billion or EPS of $0.45, easily beating Wall Street estimates of only $0.37. Bob Shanks, Ford's chief financial officer said "North America continues to achieve strong profits and we saw significantly improved results outside North America."  He went on to say "We substantially reduced our losses in Europe, set a record third quarter profit in Asia Pacific Africa and saw a $150 million improvement in South America."

 The company also raised full-year guidance. It expects its full-year pre-tax profit to beat 2012 and expects its automotive operating margins to be higher than last year.

Ford also said it contributed $1.1 billion during Q3 to fund its pension plans worldwide. $700 million was contributed to its U.S. plans. Pre-market: 18.11 +0.59 (3.37%)

Upgrades:

Canadian Pacific Railway (CP): Desjardins raised their rating from Hold to Buy. Pre-market: 142.82 -0.17 (-0.12%)

Canadian Pacific Railway (CP): RBC Capital raised their rating from Underperform to Sector Perform. Pre-market: 142.82 -0.17 (-0.12%)

Eli Lilly (LLY): MKM Partners raised their rating from Neutral to Buy and placed a target price of $59.00 on the company.

Goldman Sachs (GS): Deutsche Bank raised their rating from Hold to Buy and raised their target price from $163.00 to $181.00.

Downgrades:

Caterpillar (CAT): Raymond James lowered their rating from Outperform to Market Perform.

Caterpillar (CAT): JPMorgan lowered their rating from Overweight to Neutral and lowered its target price from $105.00 to $90.00.

Coach (COH): Atlantic Equities lowered their rating from Overweight to Neutral. Pre-market: 48.51 -0.04 (-0.08%)

Green Mountain Coffee Roasters (GMCR): Argus lowered their rating from Buy to Hold.

O”Reilly Automotive (ORLY): Raymond James lowered their rating from Strong Buy to Market Perform.

U.S. Bancorp (USB): Deutsche Bank raised their rating from Buy to Hold and raised their target price from $41.00 to $38.00.

Coverage Initiated:

21^st Century Fox (FOXA): Guggenheim initiated coverage with a Buy rating and target price of $41.00. Pre-market: 34.77 0.00 (0.00%)

CBS Corp (CBS): Guggenheim initiated coverage with a Buy rating and target price of $69.00.

CVS Caremark (CVS): FBR Capital initiated coverage with an Outperform rating and target price of $69.00.

Express Scripts (ESRX): FBR Capital initiated coverage with an Outperform rating and target price of $75.00.

News Corp (NWSA): Guggenheim initiated coverage with a Neutral rating and target price of $19.00.

Time Warner (TWX): Guggenheim initiated coverage with a Buy rating and target price of $80.00.

Viacom B (VIAB): Guggenheim initiated coverage with a Neutral rating and target price of $94.00.

Walgreen (WAG): FBR Capital initiated coverage with a Market Perform rating and target price of $62.00.

Walt Disney (DIS): Guggenheim initiated coverage with a Neutral rating and target price of $78.00.

Earning Reports:

3M (MMM): Reported EPS of $1.78 beating estimates by +$0.03. Pre-market: 123.50 +0.30 (0.24%)

Ball Corp (BLL): Reported EPS of $1.78 beating estimates by +$0.03.

Cabela’s (CAB): Reported EPS of $0.70 missing estimates by -$0.01. Pre-market: 59.82 -2.57 (-4.12%)

Celgene (CELG): Reported EPS of $1.56 beating estimates by +$0.03. Pre-market: 158.50 -1.50 (-0.94%)

Colgate-Palmolive (CL): Reported EPS of $0.73 in-line with estimates. Pre-market: 63.00 -0.47 (-0.74%)

Dow Chemical (DOW): Reported EPS of $0.50 missing estimates by -$0.04. Pre-market: 40.00 -1.04 (-2.53%)

Ford Motor (F): Reported EPS of $0.45 beating estimates by +$0.08. Pre-market: 18.11 +0.59 (3.37%)

Hershey Foods (HSY): Reported EPS of $1.04 beating estimates by +$0.03. Pre-market: 98.00 +1.15 (1.19%)

International Paper (IP): Reported EPS of $0.94 missing estimates by -$0.01. Pre-market: 44.63 +0.24 (0.54%)

Old Dominion Freight (ODFL): Reported EPS of $0.70 missing estimates by -$0.01. Pre-market: 47.00 -0.74 (-1.55%)

Potash (POT): Reported EPS of $0.41 in-line with estimates. Pre-market: 31.05 -0.65 (-2.05%)

Under Armour (UA): Reported EPS of $0.68 beating estimates by +$0.02. Pre-market: 78.97 -5.01 (-5.97%)

Xerox (XRX): Reported EPS of $0.26 beating estimates by +$0.01. Pre-market: 10.41 -0.32 (-2.98%)

Zimmer Hldgs (ZMH): Reported EPS of $1.25 beating estimates by +$0.01.

Markets: 
Futures at 6:20: Dow +0.4%. S&P +0.4%. Nasdaq +0.4%. Crude +0.4% to $97.27. Gold +0.1% to $1335.90. U.S. 10 Year +2/32 2.497%

Europe: London +0.4%. Paris +0.2%. Frankfurt +0.6%. 

Asia: Japan +0.4% to 14486. Hong Kong -0.7% to 22836. China -0.8% to 2165. India -0.2% to 20725.