AAPL WWDC today | Morning News

JUNE 08.2015

US futures pressured at this 7AM hour as most markets around the world slip into the red with disappointing data out overnight in China, ongoing violence in the Ukraine and the unresolved Greek debit crisis looms. Investors looking ahead to Retail Sales data on Thursday as the week starts out with a light economic calendar.  Oil slips as China import data shows a drop in oil imports.

 

NEWS:

  • AAPL: launches new $10 music streaming service, reports the wsj
  • AAPL: to hold its annual developers conference in San Francisco at 10AM PST
  • AAPL: SSNLF: Samsung to launch Samsung Pay later this year
  • AAPL:Xiaomi, China’s New Phone Giant, Takes Aim at World, reports wsj
  • TSLA: Panasonic to send 100s to Tesla Gigafactory to prepart for ion battery production, reports reuters
  • NLFX: continues its European expansion, announces plans to enter Italy and Portugal in October
  • LLY: announces that diabetes drug peglispro demonstrates consistently superior HbA1c levels
  • EEM: MSCI will announce whether China’s A-shares will be added to its Emerging Markets Index tomorrow at approx 5:30PM EST
  • BABA: Aliyun, Alibaba’s cloud computing division, Announces Global Partnership Program to Boost Public Cloud Services Worldwide, reports businesswire
  • OSTK: Overstock is preparting to offer a $25M private bond powered by Bitcoin tech

ON THE ECONOMIC CALENDAR:

  • 10AM: Labor Market Condition Index
  • 12:30PM: TD Ameritrade IMX

EARNINGS:

  • SHLD: Q1 EPS of -$2.00 beats by $0.59.Revenue of $5.88B misses by $200M:

SOME NOTABLE EARNINGS AFTER THE CLOSE TODAY:

  • CASY, CBK, FCEL, HRB, HQY, KANG, LAYN, PBY, PLAY, SB, TPLM, UNFI

ANALYSTS’ RATINGS CHANGES:

UPGRADES:

  • FINL: upgrade: hold to buy: Canaccord
  • INVN: upgrade: market perform to outperform: Northland Capital: $18
  • WMT: upgrade: outperform to strong buy: Raymond James:

DOWNGRADES:

  • DAL: downgrade: strong buy to outperform: Raymond James:
  • UAL: downgrade: strong buy to outperform: Raymond James:$68
  • AAL: downgrade: outperform to market perform: Raymond James:

INITIATIONS:

  • HD: initiated: overweight: Atlantic Equities
  • BEN: initiated: sell: Goldman
  • APAM: initiated: conviction buy: Goldman: $53
  • JNS: initiated: buy: Goldman: $22
  • BLK: initiated: buy: Goldman: $421
  • APA: initiated: buy: Goldman: $53
  • CP: initiated: outperform: Bernstein: $200

PRICE TARGET CHANGES:

  • PFPT: pt raised from $58 to $70: Summit Research
  • RHT: pt raised from $80 to $85: RBC Capital
  • TMUS: pt raised from $37 to $47: UBS
  • KLAC: pt cut from $70 to $64: UBS
  • TSLA: pt raised from $275 to $335: Baird

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