Gunman Storm Buildings in Ukraine

Gunman Storm Buildings in Ukraine. In Ukraine’s Crimea region gunmen stormed government buildings replacing the Ukrainian flag with the Russian flag. Ukraine’s provisional government said they are taking measures “to counter extremist actions.” Russia has a naval base in the area and Ukrainian authorities have also warned Russian troops to stay on their base. This comes after Russian troops staged military drills along Ukraine’s boarder in a show of force yesterday. Reports also indicate that the Russian government has given protection to deposed Ukraine President Viktor Yanukovych.

Upgrades:

JCPenney (JCP): Wells Fargo raised their rating from Underperform to Market Perform and raised their target range from $4.00-$5.00 to $6.00-$7.00. Pre-market: 7.35 +1.39 (23.32%)

Molson Coors Brewing (TAP): First Call raised their rating from Hold to Buy.

Sony Corp. (SNE): Citigroup raised their rating from Neutral to Buy.

Downgrades:

Baidu (BIDU): Morgan Stanley lowered their rating from Overweight to Equal Weight and lowered their target price from $185.40 to $179.50. Pre-market: 175.38 +2.48 (1.43%)

Clean Harbors (CLH): Wedbush lowered their rating from Outperform to Neutral and lowered their target price from $74.00 to $50.00. Pre-market: 45.91 -0.17 (-0.37%)

Western Union (WU): SunTrust lowered their rating from Neutral to Reduce and lowered their target price from $15.00 to $13.00.

Coverage Initiated:

Microsoft (MSFT): B. Riley initiated coverage with a Neutral rating and target price of $39.00.

Oracle (ORCL): B. Riley initiated coverage with a Buy rating and target price of $48.00.

Ross Stores (ROST): Wedbush initiated coverage with an Outperform rating and target price of $83.00.

SAP AG (SAP): B. Riley initiated coverage with a Neutral.

Textron (TXT): Jeffries initiated coverage with a Buy rating and target price of $46.00.

TJX Cos. (TJX): Wedbush initiated coverage with a Neutral rating and target price of $63.00.

Earning Reports:

Best Buy (BBY): Reported EPS of $1.24 beating estimates by +$0.23. Pre-market: 27.69 +1.87 (7.24%)

Dynegy (DYN): Reported EPS of -$3.56 missing estimates by -$4.31.

Foster Wheeler (FWLT): Reported EPS of $0.47 beating estimates by +$0.07. Pre-market: 32.60 +0.68 (2.13%)

Kohl's (KSS): Reported EPS of $1.56 beating estimates by +$0.01. Pre-market: 55.10 +0.66 (1.21%)

Sears Holdings (SHLD):  Reported EPS of -$3.37 missing estimates by -$1.77. Pre-market: 42.60 +2.20 (5.45%)

Wendy’s (WEN): Reported EPS of $0.11 beating estimates by +$0.01. Pre-market: 10.09 -0.10 (-0.98%)

Markets: 
Futures at 8:47: Dow 0.0%. S&P -0.03%. Nasdaq +0.14%. Crude -0.11% to $102.48. Gold +0.26% to $1331.40. U.S. 10 Year +2/32 to 2.658%.

Europe: London -0.24%. Paris -0.36%. Frankfurt -1.01%. 

Asia: Japan -0.32% to 14923. Hong Kong +1.74% to 22830. China +0.30% to 2047. India closed. 

#TopWealthManager #RLPaler #WallStreet #AnalystsRatings #EarningReports  #FinancialPlanning #RIA 

Bitcoin Value Sinks. China’s largest Bitcoin exchange BTC China was forced to stop accepting deposits in the Chinese currency on Wednesday, sending the price of the virtual money crashing. By Wednesday evening, BTC was quoting Bitcoins at about 2,300 renminbi, or about $380, apiece a decline in price of nearly -40%.  According to reports, the People’s Bank of China and the Chinese central bank, met Monday with the country’s largest third-party payment processing companies and ordered them to stop all transactions involving digital currencies.

Upgrades:

Western Union (WU): Macquarie raised their rating from Neutral to Outperform. Pre-market: 16.90 +0.43 (2.61%)

Downgrades:

Jabil Circuits (JBL): Longbow lowered their rating from Buy to Neutral. Pre-market: 16.20 -3.52 (-17.85%)

Coverage Initiated:

Fresh Markets (TFM): Stephens initiated coverage with an Overweight and target price of $50.00.

Groupon (GRPN): Northland Securities initiated coverage with an Outperform rating. Pre-market: 10.81 +0.14 (1.31%)

Sprouts Farmers Market (SFM): Stephens initiated coverage with an Equal Weight and target price of $40.00.

Whole Foods Market (WFM): Stephens initiated coverage with an Equal Weight and target price of $61.00. Pre-market: 57.60 +0.29 (0.51%)

Earning Reports:

FedEx (FDX): Reported EPS of $1.57 missing estimates by -$0.08. Pre-market: 138.27 -0.82 (-0.59%)

General Mills (GIS): Reported EPS of $0.83 missing estimates by -$0.05. Pre-market: 48.25 -1.33 (-2.68%)

Jabil Circuits (JBL): Reported EPS of $0.51 missing estimates by -$0.03. Pre-market: 16.20 -3.52 (-17.85%)

VeriFone (PAY): Reported EPS of $0.27 beating estimates by +$0.01. Pre-market: 23.80 -1.20 (-4.80%)

Markets: 
Futures at 7:39: Dow +0.25%. S&P +0.14%. Nasdaq +0.11%. Crude +0.16% to $97.38. Gold +0.15% to $1232.00. U.S. 10 Year -8/32 to 2.873%

.

Europe: London +0.27%. Paris +0.88%. Frankfurt +1.12%. 

Asia: Japan +2.02% to 15587.8. Hong Kong +0.32% to 23144. China -0.13% to 2148. India +1.20% 20860. 

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

Walmart Announces Black Friday Deals.

Walmart Announces Black Friday Deals. Today Walmart, the nation's largest retailer announced their highly anticipated Black Friday deals.  The retailer plans to begin its sales deals on Thanksgiving evening at 6:00 p.m. Electronics will play an even more prominent role this year at the retailer, with an expanded list of TV’s, tablets, and video games going on sale. The company is offering a 32” HD TV for only $98.00. Walmart is also expanding its "one-hour guarantee" policy. The policy is that if you're in line between 6 p.m. and 7 p.m. or 8 p.m. and 9 p.m. on Thursday, Nov. 28, the company guarantees you'll either be able to purchase the item that night, or receive it by Christmas. This year, 21 items will be covered by the guarantee. According to the National Retail Federation holiday shoppers are expected to spend about 3.9% more this year than they did last year. Walmart’s sales deals can be found at: http://www.walmart.com/cp/1076614

Upgrades:

Western Union (WU): First Analysis raised their rating from Equal Weight to Overweight and placed a target price of $22.00 on the company.

Downgrades:

Costco (COST): UBS lowered their rating from Buy to Neutral and placed a target price of $24.00 on the company.

Intel (INTC): MKM Partners lowered their rating from Buy to Neutral and placed a target price of $25.00 on the company.

FedEx (FDX): Cowen lowered their rating from Outperform to Market Perform.

Symantec (SYNA): Macquarie lowered their rating from Outperform to Neutral.

Coverage Initiated:

Tenet Healthcare (THC): JPMorgan initiated coverage with an Overweight rating and target price of $50.00.

Twitter (TWTR): RW Baird initiated coverage with a Neutral rating and target price of $48.00.

Earning Reports:

Dean Foods (DF): Reported EPS of $0.12 missing estimates by -$0.01.

DISH Network (DISH): Reported EPS of $0.68 beating estimates by +$0.25.

DR Horton (DHI): Reported EPS of $0.40 in-line with estimates.

NRG Energy (NRG): Reported EPS of $0.37 missing estimates by -$0.52.

Yingli Green Energy (YGE): Reported EPS of $0.24 missing estimates by -$0.03.

Markets: 
Futures at 6:20: Dow -0.1%. S&P -0.2%. Nasdaq -0.2%. Crude -0.3% to $94.90. Gold -0.1% to $1280.

Europe: London -0.3%. Paris -0.3%. Frankfurt -0.3%. 

 Asia: Japan +2.2% to 14589. Hong Kong -0.7% to 22901. China +0.8% to 2127. India -1% to 20282. 

#RLPaler #WallStreet #WealthManagement #EarningReports #AnalystsRatings #Walmart #BlackFriday #ThanksgivingSale

Morning Coffee Pre-Market Wall Street News

Eurozone Exits Recession. Things just got better for Europe and the world economy. The Eurozone GDP expanded by +0.3% in Q2, topping economist estimates and ending the Eurozone’s recession. Germany’s GDP expanded by +0.7% exceeding estimates and Q1’s flat GDP. Frances GDP came in at +0.5% vs. -0.2% in Q1, which beat estimates. Surprising the market was Portugal Q2 GDP which came in at +1.1% vs -0.4% in Q1 and economists consensus of -0.15%.

Upgrades:

GlaxoSmithKline (GSK): JPMorgan raised their rating from Underweight to Neutral. Pre-market: 52.36 +0.35 (0.67%)

Marvell Tech (MRVL): B Riley raised the rating from Neutral to Buy.

Downgrades:

Aeropostale (ARO): KeyBanc lowered their rating from Hold to Underweight and placed a target price of $10.00 on the company.

AMR Corp. (AAMRQ): JPMorgan lowered their rating from Overweight to Neutral.

Cree (CREE): Northland Securities lowered their rating from Outperform to Market Perform and lowered their target price from $63.00 to $61.00. Pre-market: 63.70 -12.06 (-15.92%)

Cree (CREE): Susquehanna lowered their rating from Positive to Neutral. Pre-market: 63.70 -12.06 (-15.92%)

Cree (CREE): DA Davidson lowered their rating from Buy to Neutral and lowered their target price from $79.00 to $65.00. Pre-market: 63.70 -12.06 (-15.92%)

Delta Airlines (DAL): JPMorgan lowered their rating from Overweight to Neutral. Pre-market: 19.46 -0.09 (-0.46%)

ENSCO PLC (ESV): ISI Group lowered their rating from Buy to Neutral.

Noble Corp (NE): ISI Group lowered their rating from Strong Buy to Neutral.

Transocean (RIG): ISI Group lowered their rating from Strong Buy to Neutral. Pre-market: 47.39 -0.13 (-0.27%)

US Airways (LCC): Deutsche Bank lowered their rating from Buy to Hold. Pre-market: 16.31 -0.05 (-0.31%)

US Airways (LCC): JPMorgan lowered their rating from Overweight to Neutral. Pre-market: 16.31 -0.05 (-0.31%)

Western Union (WU): JPMorgan lowered their rating from Neutral to Underweight and lowered their target price from $18.00 to $17.00.

Coverage Initiated:

WisdonTree Investments (WETF): Susquehanna initiated coverage with a Neutral rating and target price of $13.00.

Earning Reports:

Brocade (BRCD): Reported EPS of $0.19 beating estimates by +$0.07. Pre-market: 7.72 +0.82 (11.88%)

Cree (CREE): Reported EPS of $0.38 beating estimates by +$0.01. Pre-market: 63.70 -12.06 (-15.92%)

Deere (DE): Reported EPS of $2.56 beating estimates by +$0.40. Pre-market: 84.60 +0.69 (0.82%)

Jack Henry (JKHY): Reported EPS of $0.55 beating estimates by +$0.03. After Hours: 50.80 +0.03 (0.06%)

Macy's (M): Reported EPS of $0.82 beating estimates by +$0.04. Pre-market: 46.89 -1.61 (-3.32%)

Towers Watson (TW): Reported EPS of $1.36 beating estimates by +$0.09.

Markets: 
Futures at 6:20: Dow -0.13%. S&P -0.15%. Nasdaq -0.12%. Crude -0.70% to $106.10. Gold +0.35% to $1325.10. U.S. 10 Year +1/32 2.722%.

Europe: London -0.11%. Paris +0.36%. Frankfurt +0.12%. 

Asia: Japan +1.32% to 14050. Hong Kong closed. China -0.29% to 2100. India +0.72% to 19368.