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196 views  2012-10-03 07:45   Tagsmini  background  reported  Journal  white 

Apple Starts Ipad Mini Production. The Wall Street Journal has reported that Apple (AAPL) has begun production of the iPad mini. The new device will have a 7.85" screen.  The current iPad has a 9.7" screen and Goggle’s (GOOG) Nexus has a 7” screen. Reports say that AU Optronics (AUO) and LG Display started production for the new screen last month. (AAPL) Pre-market: 663.75 +2.44 (0.37%), (GOOG) Pre-market: 758.45 +1.46 (0.19%), (AUO) Pre-market: 3.61 +0.01 (0.28%)

Earning Reports

Family Dollar (FDO): Reported EPS of $0.75 in-line with estimates. Pre-market: 68.00 +2.00 (3.03%)

Monsanto (MON): Reported EPS of $0.44 missing estimates by -$0.01. Pre-market: 88.16 -2.78 (-3.06%)


Norfolk Southern (NSC): Bernstein raised their rating from Underperform to Market Perform. Pre-market: 65.50 +0.48 (0.74%)

American Axle & Manufacturing (AXE): RBC Capital raised their rating from Sector Perform to Outperform and raised their target price from $13.00 to $16.00.


Waddell & Reed (WDR): Stifel Nicolaus lowered their rating from Buy to Hold.

Discover Financial Services (DFS): Argus lowered their rating from Buy to Hold. Pre-market: 39.20 -0.29 (-0.73%)

Mosaic (MOS): Lazard Capital lowered their rating from Buy to Neutral. Pre-market: 55.45 -0.31 (-0.56%)

Potash (POT): Lazard Capital lowered their rating from Buy to Neutral. Pre-market: 42.01 -0.62 (-1.45%)

Texas Instruments (TXN): Pacific Crest lowered their rating from Outperform to Sector Perform and placed a target price of $23.00 on the company. Pre-market: 27.36 -0.25 (-0.91%)

Coverage Initiated

Kraft Food Group (KRFT): CLSA initiated coverage with a Buy rating and target price of $50.00.

Titanium Metals (TIE): Longbow initiated coverage with a Neutral rating. Pre-market: 12.80 0.00 (0.00%)

Futures at 7:28: Dow -0.01%. S&P -0.02%. Nasdaq +0.08%. Crude -0.67% to $91.26. Gold +0.35% to $1781.90.

Europe: London +0.14%. Paris -0.22%. Frankfurt +0.09%. 

Asia: Japan -0.45%. Hong Kong +0.23%. China closed. India +0.24%. 

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