AMZN | Morning News

BullVsBearJULY 20, 2015

US futures positive at this hour with European stocks firmly in the green as traders get ready for another earnings heavy week and the Greek drama seems to be but at distant memory. Meanwhile, gold sinks to new 5 year lows as investors are cautious on the commodity into the increasingl possibility of US interest rates rising.

NEWS:

  • NKE: U.S. SEC launches civil probe into FIFA bribery case, reports reuters
  • TASR: Taser enters the UK with purchase of Tactical Safety Responses Limited
  • CF: CF Industries Says It Is in Talks to Merge With Some of OCI’s Businesses, reports wsj
  • DIS: Ant-Man leads weekend box office in the US
  • BABA: UL: Alibaba and Unilever to partner to reach more Chinese
  • LMT:Lockheed to buy United Tech’s Sikorsky for over $8 billion, reports reuters
  • HII: Newport News Shipbuilding division announces award of a $106M contract to provide engineering and industrial support for US Navy submarines and related programs
  • HZNP :raises FY15 revenue guidance to $660M-$680M from $590M-$610M
    vs. consensus $611.6M: raises FY15 adjusted EBITDA guidance to $265M-$280M from $235M-$250M
  • MSI: Motorola Solutions Could See Business Recover, and return of 45%+, reports barrons

ON THE ECONOMIC CALENDAR:

  • nothing scheduled

EARNINGS:

  • CALM: FQ4 EPS of $0.95 misses by $0.09.Revenue of $403.01M misses by $14.94M
  • LMT: Q2 EPS of $2.94 beats by $0.27.Revenue of $11.64B  beats by $650M: raises FY15 EPS view to $11.0-$11.30 from $10.85-$11.15
  • CBU:Q2 EPS of $0.58 beats by $0.03.Revenue of $90.95M misses by $0.67M
  • EXAS:Q2 EPS of -$0.44 beats by $0.01.Revenue of $8.1M beats by $0.14M
  • HAL :Q2 EPS of $0.44 beats by $0.15.Revenue of $5.91B beats by $130M
  • HAS:mQ2 EPS of $0.33 beats by $0.04.Revenue of $797.66M beats by $24.59M
  • MS: Q2 EPS (excl. DVA) of $0.79 beats by $0.05.Revenue (excl. DVA) of $9.56B beats by $460M

NOTABLE EARNINGS AFTER THE CLOSE:

  • BMI, BRO, BXS, CCK, CNI, HLX, HXL, IBM, RLI, RMBS, STLD, WERN, WWD, ZION

ANALYSTS’ RATINGS CHANGES:

UPGRADES:

  • AMZN: upgrade: perform to outperform: Cowen: pt raised from $435 to $565
  • AMZN: upgrade: market perform to outperform: Wedbush: $575
  • SLB: upgrade: market perform to outperform: Wells Fargo:
  • CLVS: upgrade: buy to conviction buy: Goldman
  • SNDK: upgrade: reduce to neutral: Nomura: $50

DOWNGRADES:

  • DNKN: downgrade: market perform to underperform: CLSA:
  • SLH: downgrade: overweight to neutral: Piper Jaffray: $43
  • Z: downgrade: equal weight to underweight: Barclays: pt cut from $90 to $70
  • YELP: downgrade: overweight to equal weight: Barclays
  • CBS: downgrade: buy to hold: Pivotal Research: pt cut from $70 to $58

INITIATIONS:

  • PYPLV: initiated: outperform: Baird: $45
  • PYPLV: initiated: buy: SunTrust: $45
  • PYPLV: initiated: overweight: JP Morgan: $48
  • PYPLV: initiated: sell: Evercore: $36

PRICE TARGET CHANGES:

  • BAC: pt raised from $19 to $20: RBC Capital
  • TRIP: pt raised from $92 to $100: Ascendiant
  • HON: pt raised from $116 to $122: RBC Capital
  • MTB: pt raised from $125 to $135: RBC Capital
  • REGN: pt raised from $550 to $560: RBC Capital
  • VRX: pt raised from $275 to $285: Canaccord
  • SYF: pt raised from $33.50 to $40: JP Morgan
  • SLB: pt raised from $98 to $100: Cowen
  • WLL: pt cut from $47 to $41: Oppenheimer

 

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