Morning Coffee Pre-Market Wall Street News168 views 2012-11-16 07:56 Tags: background building Network network
Google To Build 4G Network. Reports say that Google (GOOG) has been in talks with Dish Network (DISH) about building a 4G network using Dish’s spectrum. If such a 4G network were to be built it would be very costly, but would fit into Google’s push into mobile devices. The question is would such a network provide free access with Google relying on the additional ad revenues it would receive to fund such a project. GOOG Pre-market: 650.00 +2.74 (0.42%) DISH Pre-market: 34.93 +0.30 (0.87%)
President Obama To Meet With Congressional Leaders Today. President Barack Obama is scheduled to meet with all four Congressional leaders this morning to discuss ways of avoiding the looming fiscal cliff. States that would be hit hardest by the fiscal cliff include California, Illinois, Georgia, South Dakota and Virginia.
Gamestop (GME): Caris & Company raised their rating from Average to Buy and raised their target price from $20.00 to $31.00. After Hours: 24.23 -0.27 (-1.11%)
Gap (GPS): Canaccord Genuity raised their rating from Sell to Hold and raised their target price from $31.00 to $35.00. Pre-market: 34.74 +1.48 (4.45%)
Mylan Inc (MYL): Leerink raised their rating from Market Perform to Outperform and raised their target price from $26.00 to $30.00. Pre-market: 25.70 +0.20 (0.79%)
Bayer AG ADS (BAYRY): JPMorgan raised their rating from Neutral to Overweight.
Halliburton (HAL): MLV & Co initiated coverage with a Hold rating and target price of $36.00. After Hours: 30.36 0.00 (0.00%)
Charles Schwab (SCHW): Compass Point initiated coverage with a Neutral rating and target price of $13.50.
TD Ameritrade (AMTD): Compass Point initiated coverage with a Neutral rating and target price of $17.00.
E*Trade (ETFC): Compass Point initiated coverage with a Neutral rating and target price of $8.50.
Valero Energy (VLO): Imperial Capital initiated coverage with an In-line rating and target price of $41.00. After Hours: 29.65 +0.07 (0.24%)
American Eagle Outfitters (AEO): BMO Capital lowered their rating from Outperform to Market Perform and lowered their target price from $27.00 to $20.00.
Autodesk (ADSK): Reported EPS of $0.47 beating estimates by +$0.04.
Dell (DELL): Reported EPS of $0.39 missing estimates by -$0.01. Pre-market: 9.29 -0.27 (-2.82%)
Gap (GPS): Reported EPS of $0.63 beating estimates by +$0.01. Pre-market: 34.98 +1.72 (5.17%)
Intuit (INTU): Reported EPS of -$0.03 beating estimates by +$0.03.
Foot Locker (FL): Reported EPS of $0.63 beating estimates by +$0.09. Pre-market: 33.75 +1.90 (5.97%)
J.M. Smucker (SJM): Reported EPS of $1.45 in-line with estimates. Pre-market: 85.50 +0.12 (0.14%)
Futures at 7:19: Dow . S&P . Nasdaq . Crude -0.14% at $85.33. Gold to $1709.00.
Europe: London . Paris -0.36%. Frankfurt .
Asia: Japan to
9024. Hong Kong to
21159. China to 2015. India to 18309.