GE | AAPL | Morning News

APRIL 10. 2015

US futures in the green but struggling for direction, hampered by the strong dollar but fueled by the GE news.  European markets surge and Asian markets found added strength overnight with the Nikkei topping 20000 for the first time in 15 years. After a volatile week of trading, oil slipped further overnight but holds $50 as investors continue to monitor the tensions in the Middle East and today’s data on US drilling activity.

 

NEWS:

  • GE: General Electric to sell off most of its $26.5B in real estate holdings, reports the wsj
  • GE: added to US Focus List : Citigroup
  • GE: board authorizes $50B share buyback
  • UAL: FAA to step up oversight of UAL, reports the WSJ
  • AAPL: Apple iWatch April 24 delivery sold out: delivery now pushed to  June
  • BABA: Alibaba forms automotive, ‘smart living’ business units,ramping  up cloud computing, hardware and big data operations, reports Reuters
  • HXNP: FDA announces fast track designation for Actimmune
  • EXL: Blackstone announces acquisition of Excel Trust for $15.85/share
  • REGN: RCB Capital out positive: outperform: $490
  • GMCR: Goldman out positive on the stock: reiterates buy: $160
  • QURE: secondary offering priced at $29.50
  • HABT: secondary offering priced at $30.96

ON THE ECONOMIC CALENDAR:

  • 8AM: Fed’s Lacker speaks: US Economic Outlook
  • 8:30AM: Import and Export Prices
  • no time given: Baker Hughes US oil rig count
  • 2PM: Treasury Budget

ANALYSTS RATINGS CHANGES:

UPGRADES:

  • NLFX: upgrade; neutral to buy: Citigroup: pt raised from $409 to $525 (long term upside of $750)
  • UNP: upgrade: hold to buy: Stifel: $120
  • M: upgrade: neutral to buy: Buckingham
  • WFT: upgrade; sector perform to outperform: RBC Capital: pt raised from $14 to $16

DOWNGRADES:

  • CAB: downgrade: neutral to sell: Goldman
  • WLL: downgrade; buy to hold: Canaccord: $34
  • AAPL: downgrade: outperform to market perform: Raymond James: $124

INITIATIONS:

  • VRTX: initiated: buy: Canaccord: $150

PRICE TARGET CHANGES:

  • LB: pt raised from $90 to $93: FBR Capital
  • SBUX: pt raised from $53 to $55: Piper
  • CHKP: pt raised from $85 to $94: BofA/Merrill
  • AAPL: pt raised from $145 to $150: Canaccord
  • MYL: pt raised from $66 to $80: Argus
  • INFN: pt raised from $20 to $24: Barrington
  • NXPI: pt raised from $95 to $120: Stifel
  • HBI: pt raised from $32.50 to $38: Credit Suisse

 

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