Morning Coffee Pre-Market Wall Street News256 views 2012-12-07 08:42 Tags: only background released created
November Nonfarm Payrolls Expected to Decline. Employment data for November will be released this morning and economists expect payrolls to decline. Economists expect that only 85,000 nonfarm payrolls where created in November versus the 171,000 in October. The unemployment rate is expected to remain the same at 7.9%.
Prudential Financial (PRU): Sandler O’Neill lowered their rating from Buy to Hold. Pre-market: 52.85 +0.22 (0.42%)
Toronto Dominion Bank (TD): Scotia Capital lowered their rating from Outperform to Sector Perform. Pre-market: 82.19 +0.32 (0.39%)
Bed Bath & Beyond (BBBY): Standpoint Research initiated coverage with a Buy rating and target price of $70.00. Pre-market: 58.21 +0.34 (0.59%)
Microchip (MCHP): Needham initiated coverage with a Buy rating and target price of $37.00.
PulteGroup (PHM): Topeka initiated coverage with a Buy rating. Pre-market: 16.27 -0.01 (-0.06%)
Toll Brothers (TOL): Topeka initiated coverage with a Hold rating.
KB Homes (KBH): Topeka initiated coverage with a Hold rating. Pre-market: 14.22 +0.05 (0.35%)
Lennar (LEN): Topeka initiated coverage with a Hold rating and target price of $33.00. Pre-market: 36.75 +0.46 (1.27%)
D.R. Horton (DHI): Topeka initiated coverage with a Hold rating. Pre-market: 18.91 +0.22 (1.18%)
Smith & Wesson (SWHC): Reported EPS of $0.24 in-line with estimates. Pre-market: 11.27 +0.42 (3.87%)
Esterline Techs (ESL): Reported EPS of $1.97 beating estimates by +$0.41. Pre-market: 61.15 +0.50 (0.82%)
Futures at 8:32: Dow +0.51. S&P +0.58. Nasdaq +0.54. Crude to $1699.40.
Europe: London +0.28. Paris +0.45. Frankfurt +0.14.
Asia: Japan to
9527. Hong Kong to
22191. China to 19424.