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Morning Coffee Pre-Market Wall Street News

179 views  2013-05-22 07:46   Tagsbackground  Microsoft  ultimate 

Microsoft Unveils Xbox One. Yesterday Microsoft (MSFT) unveiled the highly anticipated Xbox One calling it "the ultimate all-in-one entertainment system." The device allows usurers to instantly switch between games, live TV, movies, Skype and the internet using voice recognition and hand jesters. Xbox One also allows multi tasking such as watching TV and browsing the internet or taking a Skype call at the same time. The design is similar to set-top box and has an improved controller, improved Xbox Live UI, improved app and game loading. Switching times have been dramatically improved as you move to different application and the device has new voice and gesture controls.  Pre-market: 34.91 +0.06 (0.17%)

Upgrades

Bristol-Meyers Squibb (BMY): Citigroup raised their rating from Neutral to Buy and raised their target price from $33.00 to $55.00. Pre-market: 44.70 +0.64 (1.45%)

Cree (CREE): Sterne Agee raised their rating from Neutral to Buy and placed a target price of $72.00 on the company. Pre-market: 61.90 +2.05 (3.43%)

Volvo (VOLVY): HSBC Securities raised their rating from Underweight to Neutral.

Downgrades

Comerica (CMA): Oppenheimer lowered their rating from Perform to Underperform and placed a target price of $22.00 on the company. Pre-market: 39.00 -0.65 (-1.64%)

Dick’s Sporting Goods (DKS): BMO Capital lowered their rating from Outperform to Market Perform and placed a target price of $57.00 on the company. Pre-market: 52.34 -0.41 (-0.78%)

Research In Motion (BBRY): BNP Paribas lowered their rating from Neutral to Underperform. Pre-market: 14.59 -0.18 (-1.22%)

Soda Stream (SODA): JPMorgan lowered their rating from Overweight to Neutral. Pre-market: 63.30 -1.53 (-2.36%)

SunTrust Banks (STI): Oppenheimer lowered their rating from Outperform to Perform and placed a target price of $32.00 on the company. Pre-market: 32.15 0.00 (0.00%)

Coverage Initiated

Coca-Cola (KO): BMO Capital initiated coverage with a Market Perform rating and target price of $45.00. Pre-market: 42.54 +0.20 (0.47%)

Dr Pepper Snapple (DPS): BMO Capital initiated coverage with a Market Perform rating and target price of $48.00.

Monster Beverage (MNST): BMO Capital initiated coverage with an Outperform rating and target price of $65.00.

PepsiCo (PEP): BMO Capital initiated coverage with an Outperform rating and target price of $92.00. Pre-market: 82.64 +0.01 (0.01%)

Earning Reports

American Eagle (AEO): Reported EPS of $0.18 beating estimates by +$0.01. Pre-market: 19.96 -0.35 (-1.72%)

Analog Devices (ADI): Reported EPS of $0.52 in-line with estimates.

Compuware (CPWR): Reported EPS of -$0.30 missing estimates by -$0.35.

Dycom (DY): Reported EPS of $0.21 beating estimates by +$0.04. Pre-market: 23.89 +3.48 (17.05%)

Intuit (INTU): Reported EPS of $2.97 beating estimates by +$0.04. Pre-market: 58.64 +0.75 (1.30%)

Lowe's (LOW): Reported EPS of $0.49 missing estimates by -$0.01. Pre-market: 41.85 -0.60 (-1.41%)

NetApp (NTAP): Reported EPS of $0.69 beating estimates by +$0.01. Pre-market: 38.85 +2.22 (6.06%)

Staples (SPLS): Reported EPS of $0.26 missing estimates by -$0.01. Pre-market: 14.36 -0.39 (-2.64%)

Target (TGT): Reported EPS of $0.77 missing estimates by -$0.10. Pre-market: 69.69 -1.57 (-2.20%)

Markets: 
Futures at 7:00: Dow +0.12%. S&P +0.17%. Nasdaq +0.17%. Crude -0.93% to $95.81. Gold +0.62% to $1386.00.

Europe: London -0.16%. Paris -0.43%. Frankfurt -0.18%. 

Asia: Japan +1.60% to 15627. Hong Kong -0.45% to 23261. China -0.12% to 2302. India -0.25% to 20062. 

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