Morning Coffee Pre-Market Wall Street News26 views 2013-09-25 08:04
Obamacare Sticker Shock. According to new government data the average cost of a mid-tier “Silver” health-insurance plan under Obamacare will be $328 a month. The Silver plan is the second to the lowest costing plan. The cost does not include the $2,000 deductible or the insurance co-pays. The three states with the highest uninsured population includes California where the average plan will cost $373, Florida where a plan will cost $328 and Texas where the silver plan will cost $305 a month. Recent data also shows that younger people who generally are healthy thereby using less medical services will be stuck with the bill, by subsidizing the elderly. People will be able to purchase insurance from the exchanges starting on October 1. , Insurers that intend to sell plans on exchanges include Aetna (AET), Humana (HUM), Molina Healthcare (MOH), UnitedHealth (UNH) and WellPoint (WLP).
Diamond Offshore (DO): Guggenheim raised their rating from Neutral to Buy and raised their target price from $73.00 to $80.00. Pre-market: 62.85 +0.72 (1.16%)
Duke Energy (DUK): Argus raised their rating from Hold to Buy and placed a target price of $79.00 on the company. Pre-market: 68.08 +0.39 (0.58%)
Infosys (INFY): RW Baird raised their rating from Neutral to Outperform and raised their target price from $46.00 to $58.00. Pre-market: 49.10 +0.49 (1.01%)
KB Home (KBH): ISI Group raised their rating from Cautious to Neutral. Pre-market: 17.97 +0.21 (1.18%)
Ross Stores (ROST): Goldman Sachs raised their rating from Buy to Conviction Buy and placed a target price of $83.00 on the company.
Dollar Tree (DLTR): Goldman Sachs lowered their rating from Conviction Buy to Buy and placed a target price of $61.00 on the company.
ENSCO PLC (ESV): Guggenheim lowered their rating from Buy to Neutral and lowered their target price from $63.00 to $58.00. Pre-market: 54.36 -0.36 (-0.66%)
Skyworks Solutions (SWKS): B. Riley lowered their rating from Buy to Neutral. Pre-market: 25.72 -0.11 (-0.43%)
Cirrus Logic (CRUS): Northland Securities initiated coverage with a Market Perform rating and target price of $26.00. Pre-market: 23.76 +0.16 (0.68%)
DTE Energy (DTE): Wells Fargo initiated coverage with a Market Perform rating and target range of $70.00 - $71.00.
Facebook (FB): Canaccord initiated coverage with a Buy rating and target price of $60.00. Pre-market: 49.23 +0.78 (1.61%)
AutoZone (AZO): Reported EPS of $10.42 beating estimates by +$0.09. Pre-market: 416.00 +1.69 (0.41%)
Futures at 8:46: Dow . S&P +0.01%. Nasdaq . Crude to $103.90. Gold to $1319.10. U.S 10 Year -0/32 2.660%
Europe: London -0.24%. Paris . Frankfurt -0.02%.
Asia: Japan to
14621. Hong Kong to 23210. China to 2199. India to