JUNE 01, 2015
As Greek debt worries pressure markets, US futures pushing modestly higher at this 7AM hour with mixed markets around the world and traders looking to a week packed with economic data starting today with key numbers on consumer spending and core inflation. Oil slipping ahead of the OPEC meeting scheduled for Friday.
NEWS:
- V: MA: Visa and Mastercard to enter China, reports the FT
- JUNO: phase 1 study of JCAR015 shows 87% of evaluable adult patients with ALL had complete remission
- WYNN: LVS: MGM:MPEL: Macau gaming down 37.1% in May
- PRE: AXS: Shareholders to vote June 24 on PRE, AXS$13B merger, reuters reports
- JD: JD.com has lunched “Japanese Mall” , new imported goods platform, reports the wall Street Journal
ON THE ECONOMIC CALENDAR:
- 8:30AM: Personal Income: consensus expectation +0.3%
- 8:30AM: Consumer Spending: consensus expectation +0.2%
- 8:30AM: Core Inflation: consensus expectation +0.2%
- 10AM: ISM for MAY: consensus expectation 51.8%
- 10AM: Construction Spending: consensus expectation +0.7%
NOTABLE EARNINGS AFTER TODAY’S CLOSE:
PVH, QUNR
ANALYSTS’ RATINGS CHANGES:
UPGRADES:
- C: upgrade: neutral to buy: Goldman: pt raised from $57 to $61
- KO: upgrade: market perform to outperform: BMO Capital: $48
- PKAR: upgrade: underperform to market perform: BMO Capital: $60
- DUK: upgrade: market perform to outperform: Bernstein: $86
- HCN: upgrade: hold to buy: Evercore:
- BYD: upgrade: neutral to outperform: Credit Suisse: $18
DOWNGRADES:
- JNPR: downgrade: neutral to sell: MKM Partners:
- ESRX: downgrade: outperform to market perform: Raymond James:
- ACAT: downgrade: outperform to market perform: BMO Capital: $25
INITIATIONS:
- COLL: initiated: overweight: Piper: $26
- COLL: initiated: buy: Jefferies: $20
- CLCD: initiated: overweight: Piper: $21
- CDCD: initiated: buy: Stifel: $15
PRICE TARGET CHANGES:
- CLVS: pt raised from $100 to $103: Mizuho
- TSRO: pt raised from $65 to $67: Mizuho
- DGX: pt raised from $71 to $76: Mizuho
- ONTY: pt raised from $2.50 to $5: Jefferies