Jobs Week Ahead | Morning News

MAY 4, 2015

US futures off to a positive start for May with jobs data later in the week most likely to take center stage this week.  European stocks push higher after the eurozone’s manufacturing data showed expansion in April and the Greek negotiations appear to have made headway. Chinese shares bounced back from their overnight lows as weak PMI data reinforces views that Beijing will most likely roll out more stimulus measures to support its slowing economy

NEWS:

  • TSN: Barrons out positive on Tyson, sees 20% upside, barrons
  • TMUS: S:T-Mobile Set to Leapfrog Sprint as Third-Largest U.S. Carrier, reports Bloomberg
  • TSLA:Tesla faces competition for customers, subsidies, reports reuters
  • AAPL: Iphone shipments to China were up 17% to take 12% of  market share, reports digitimes
  • FB: Instagram’s increasing role in commercial real estate, reports wsj
  • TWTR: LNKD: YELP: GOOG: FB: Barrons weighs in on social media over the weekend: sees further downside for TWTR, LNKD and YELP: calls out positive on GOOG and FB as “top dogs”
  • FB: Facebook to start hosting other sites’ content, calling them “Instant Articles”, this mont, reports the Wall Street Journal
  • TSLA: EIX: Edison International Teams Up with Tesla for Battery Storage Projects, reports business wire
  • GM: looks to enter India, reports reuters
  • MCD: McDonalds will hold a conference call today at 11AM to discuss their turnaround plans
  • MYL:GILD: Mylan Pharmaceuticals Private Limited launches Gilead Sciences’ Sovaldi in India.
  • DIS: “Avengers, Age of Ultron” walks away as movie of the weekend, even with sales hurt by the Mayweather/Pacquiano fight: second biggest movie debut of all times

ON THE ECONOMIC CALENDAR:

  • 8:30AM: Gallup US Consumer Spending Measure
  • 10AM EST: Factory Orders for March: expectation +2.4%
  • 12:25PM: The Fed’s Evans speaks: US Economy and Monetary Policy
  • 12:30PM: TD Ameritrade IMX
  • 3:10PM: The Fed’s Williams speaks in San Francisco

EARNINGS: 

  • ON: Q1 EPS of $0.20 beats by $0.02.Revenue of $870.8M (+23.3% Y/Y) beats by $9.98M: conference call 9AM EST
  • CTSH: Q1 EPS of $0.71 beats by $0.01.Revenue of $2.91B (+20.2% Y/Y) beats by $20M: conference call 8AM EST
  • CMCSA:Q1 EPS of $0.79 beats by $0.05.Revenue of $17.85B (+2.5% Y/Y) beats by $440M: conference call 7:30AM EST
  • TSN:FQ2 EPS of $0.75 beats by $0.03.Revenue of $9.98B (+10.5% Y/Y) misses by $130M: guidance light FY15 EPS view of 3.30-$3.40 v.  consensus $3.44: conference call 9AM EST
  • KERX: Q1 EPS of -$0.28 beats by $0.02.Revenue of $1.18M (-88.2% Y/Y) misses by $1.27M: weak Auryxia sales: conference call 8AM EST
  • DO: Q1 EPS of $0.50 beats by $0.07.Revenue of $620M (-12.6% Y/Y) beats by $1.7M: conference call 8:30AM EST
  • MGM: conference call 11AM EST
  • RLGY: Q1 EPS of -$0.22 in-line.Revenue of $1.06B (+5 % Y/Y) in-line: conference call 8:30AM EST

SOME NOTABLE EARNINGS AFTER THE CLOSE TODAY:

AEGR, AEIS, APC, APU, BKH, CAR, CDE, CGNX, CXO, DENN, DNB, DVA, EOG, EOX, FBP, FN, FNF, HIL, INN, INVN, IRG, ITRI, KS, LMNX, LSCC, MATX, MCEP, MDU, MIC, NLS, NUVA, PPS, PQ, PTCT, QLYS, RAIL, RGR, ROSE, RWT, SGY, SHO, SNHY, STAG, THC, UGI, VNO, XEC, XPO

ANALYSTS’ RATINGS CHANGES:

UPGRADES:

  • KMT: upgrade: hold to buy: Jefferies: $45
  • LNKD: upgrade: hold to buy: Argus: $280
  • WLL: upgrade: equal weight to overweight: Morgan Stanley: $48
  • TWTR: upgrade: sell to hold: Stifel

DOWNGRADES:

  • BUD: downgrade: outperform to underperform: CLSA
  • SCTY: downgrade: buy to neutral: Baird: $65

INITIATIONS:

  • LULU: initiated: outperform: RBC Capital: $77
  • URBN: initiated: outperform: RBC Capital: $48
  • AEO: initiated: outperform: RBC Capital: $20
  • CHS: initiated: outperform: RBC Capital: $20

PRICE TARGET CHANGES:

  • NWL: pt raised from $45 to $48: Citigroup NOTE: added to US Focus List
  • DIS: pt raised from $116 to $125: UBS
  • AMZN: pt raised from  $415 to $525: Oppenheimer
  • WFM: pt raised from $57 to $65: Oppenheimer
  • JD: pt raised from $35 to $44: Oppenheimer

About the Author

Leave a Reply 0 comments

Leave a Reply: