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Morning Coffee Pre-Market Wall Street News

188 views  2013-05-07 07:18   Tagsbackground  yesterday  white  style 

Electronic Arts and Disney Announce Deal. In an announcement made yesterday Electronic Arts (EA) said they have a multi-year deal with Disney (DIS) to make new Star Wars games. Disney will maintain the rights to develop mobile, online, and social games for the franchise. Disney recently decided to close LucasArts' game development studio.

Upgrades

Arch Coal (ACI): Goldman Sachs raised their rating from Sell to Neutral and raised their target price from $5.00 to $5.50. Pre-market: 5.33 +0.12 (2.30%)

EOG Resources (EOG): Stifel raised their rating from Hold to Buy and placed a target price of $150.00 on the company. Pre-market: 131.99 +5.95 (4.72%)

Tyson Foods (TSN): Miller Tabak raised their rating from Hold to Buy and placed a target price of $29.00 on the company.

Downgrades

Aeropostale (ARO): Brean Capital lowered their rating from Hold to Sell and placed a target price of $11.00 on the company. Pre-market: 14.40 -0.29 (-1.97%)

Tiffany & Co (TIF): Wells Fargo lowered their rating from Outperform to Market Perform and placed a target range of $62.00 - $66.00.

Coverage Initiated

Cisco Systems (CSCO): Cowen initiated coverage with an Outperform rating. Pre-market: 20.75 -0.06 (-0.29%)

EOG Resources (EOG): ISI Group initiated coverage with a Neutral rating. Pre-market: 131.99 +5.95 (4.72%)

Juniper Networks (JNPR): Cowen initiated coverage with a Neutral rating. After Hours: 16.89 -0.04 (-0.24%)

Macy’s (M): Wells Fargo initiated coverage with a Market Perform rating and target range of $43.00 - $47.00.

Marathon Oil (MRO): ISI Group initiated coverage with a Buy rating. Pre-market: 34.00 +0.42 (1.25%)

Noble Energy (NBL): ISI Group initiated coverage with a Strong Buy rating.

Earning Reports

Almost Family (AFAM): Reported EPS of $0.35 missing estimates by -$0.08.

DIRECTV (DTV): Reported EPS of $1.43 beating estimates by +$0.33. Pre-market: 60.00 +2.04 (3.52%)

Emerson Electric (EMR): Reported EPS of $0.77 missing estimates by -$0.01. Pre-market: 55.81 -1.49 (-2.60%)

EOG Resources (EOG): Reported EPS of $1.17 missing estimates by -$0.01. Pre-market: 131.99 +5.95 (4.72%)

First Solar (FSLR): Reported EPS of $0.69 missing estimates by -$0.06. Pre-market: 46.75 -0.94 (-1.97%)

Fossil (FOSL): Reported EPS of $1.21 beating estimates by +$0.24. Pre-market: 101.00 +2.04 (2.06%)

Henry Schein (HSIC): Reported EPS of $1.06 missing estimates by -$0.01.

Intl Flavors (IFF): Reported EPS of $1.19 beating estimates by +$0.07.

Louisiana-Pacific (LPX): Reported EPS of $0.41 missing estimates by -$0.02. Pre-market: 18.35 -0.42 (-2.24%)

Molson Coors Brewing (TAP): Reported EPS of $0.30 missing estimates by -$0.05.

OfficeMax (OMX): Reported EPS of $0.11 missing estimates by -$0.12. Pre-market: 11.75 +0.01 (0.09%)

Scotts Miracle-Gro (SMG): Reported EPS of $1.60 missing estimates by -$0.41. After Hours: 45.50 -1.06 (-2.28%)

Markets: 
Futures at 7:26: Dow +0.20%. S&P +0.14%. Nasdaq +0.20%. Crude -0.57% to $95.61. Gold -0.38% to $1462.40.

Europe: London +0.43%. Paris +0.64%. Frankfurt +0.93%. 

Asia: Japan +3.55% to 14180. Hong Kong +0.58% to 23047. China +0.20% to 2235. India +1.09% to 19888. 

 

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