TSLA earnings | Morning News

average-jesse-livermore-trading-rulesNOVEMBER 03, 2015

US futures point to a pullback after yesterday’s rally as global markets struggle to find direction and traders await a new onslaught of earnings reports and factory order readings. Overnight, crude found some footing, trading up 1% as oil glut fears take a back seat.

NEWS:

  • S: Sprint Signs Deal to Offer Roaming Service in Cuba, reports the wsj
  • KING: ATVI: Activision acquires King Digital for $5.9B
  • MSFT: Microsoft reduces free OneDrive storage and removes unlimited option. reports the verge
  • AMZN: opens its first brick and mortar book store in Seattle
  • AEO: raises guidance: announces acquisition of Tailgate Clothing
  • GD: LMT: NOC: BA: RTN: UTX: U.S. House panel chairman sees ‘painful’ cuts to weapons programs, reports the wsj
  • RRC: SWN: Credit Suisse forecasts that natural gas prices will rise more than expected this winter
  • LB: guides Q3 EPS of $0.51-0.53, above prior guidance of $0.40-0.45 vs consensus $0.48
  • BKD: appoints new COO and CFO

ON THE ECONOMIC CALENDAR:

  • Various times: Auto Sales
  • 8:30AM: Gallup US ECI
  • 8:55AM: Redbook Chain Store Sales
  • 10AM: Factory Orders

SOME NOTABLE EARNINGS REPORTED YESTERDAY AFTER THE CLOSE:

  • LMNX: Q3 EPS of $0.22 beats by $0.11: revenue of $60.6M beats by $3.36M: revenue +6.9% y/y: raises revenue guidance
  • CAH:FQ1 EPS of $1.38 beats by $0.28: revenue of $28.1B beats by $920M: revenue +16.7% y/y: raises guidance
  • QLYS:Q3 EPS of $0.19 beats by $0.06: revenue of $42.5M beats by $0.17M: revenue +23.7% y/y: guides above consensus
  • FIT:Q3 EPS of $0.24 beats by $0.14: revenue of $409.3M beats by $58.3M: revenue +168.0% y/y: guides revenue above consensus: announces 21M share secondary offering: will be releasing 2.3M shares from lockup on Wednesday
  • THC:Q3 EPS of $0.29 beats by $0.02: revenue of $4.69B beats by $30M: revenue +12.2% y/y: narrows guidance
  • FN:FQ1 EPS of $0.45 beats by $0.03: revenue of $216.42M beats by $7.7M: revenue +14.3% y/y: strong guidance above estimates
  • PXD: Q3 EPS of -$0.01 beats by $0.02: revenue of $2.22B: revenue +47.0% y/y
  • TXRH:Q3 EPS of $0.29 misses by $0.01: revenue of $438.09M in-line: revenue +13.7% y/y

SOME NOTABLE EARNINGS REPORTED TODAY BEFORE THE OPENING:

  • TASR:Q3 EPS of $0.03 misses by $0.06: revenue of $50.7M beats by $3.49M: revenue +14.3% y/y
  • S: Q2 EPS of -$0.15 misses by $0.08: revenue of $7.52B misses by $710M: revenue -5.2% y/y
  • MBLY:Q3 EPS of $0.15 beats by $0.02: revenue of $70.65M beats by $3.29M: revenue +103.7% y/y
  • ADM:Q3 EPS of $0.60 misses by $0.10: revenue of $16.57B misses by $1.2B: revenue -8.6% y/y
  • BLMN:Q3 EPS of $0.15 beats by $0.01: revenue of $1.03B misses by $10M: revenue -3.7% y/y 
  • FIS:Q3 EPS of $0.90 misses by $0.01: revenue of $1.58B misses by $60M: revenue -1.9% y/y
  • KMT:FQ1 EPS of $0.14 misses by $0.08: revenue of $555.35M misses by $16.8M: revenue -20.1% y/y
  • ALE: Q3 EPS of $1.23 beats by $0.21: revenue of $462.5M beats by $108.5M: revenue +60.1% y/y
  • WNR: Q3 EPS of $1.69 beats by $0.09: revenue of $2.57B beats by $190M: revenue -36.5% y/y
  • CDK:FQ1 EPS of $0.38 beats by $0.04: revenue of $514.6M beats by $8.22M: revenue +2.3% y/y
  • HRS:FQ1 EPS of $1.31 in-line: revenue of $1.81B misses by $40M: revenue +56% y/y

SOME NOTABLE EARNINGS TO BE REPORTED TODAY AFTER THE CLOSE:

  • ASH, ATVI, AWR, BIO, BKH, CBPO, CBS, CERN, CHEF, CHUY, CIM, CKP, CSU, CSV, CVC, DAC, DHT, DK, DKL, DVA, DVN, ECYT, ENPH, ETSY, EVRI, FANG, FMI, FOGO, GHDX, GMED, GRPN, HCI, HL, HLF, HRZN, JCOM, KEG, MPO, MTZ, MXL, MYGN, NFX, NYMT, OAS, OCLR, OKE, OKS, ORA, PAA, PAGP, PAYC, PBPB, PKD, QUAD, REGI, RIGL, RLOC, RP, RXN, SLW, SSNI, SUPN, TDW, TMH, TSLA, TSRA, TX, UNTD, VNDA, WBMD, WR, WTR, X, XEC, XOXO, Y, ZAGG, ZEN, ZNGA

ANALYSTS’ RATINGS CHANGES:

UPGRADES:

  • JAH: upgrade: outperform to top pick: RBC Capital: $60
  • DO: upgrade: underperform to sector perform: Iberia Capital: $22

DOWNGRADES:

  • RAI: downgrade: top pick to outperform: RBC Capital: pt raised from $50 to $53
  • MDAS: downgrade: outperform to market perform: Wells Fargo
  • MO: downgrade: outperform to sector perform: RBC Capital: pt raised from $60 to $62
  • CHK: downgrade: outperform to market perform: Bernstein: pt cut from $19 to $9
  • MDLY: downgrade: outperform to market perform: FBR Capital: pt cut from $11 to $7
  • NVDA: downgrade: buy to hold: Needham

INITIATIONS:

  • HPE: initiated: neutral: Mizuho: $15
  • HPE: initiated: market perform: Bernstein: $16
  • RL: initiated: positive: Susquehanna: $142
  • MHK: initiated: outperform: Baird: $224
  • RRC: coverage resumed: in-line: Imperial Capital: $35

PRICE TARGET CHANGES:

  • SSNC: pt raised from $73 to $90: JP Morgan
  • V: pt raised from $82 to $91: RBC Capital
  • TXRH: pt raised from $40 to $41: RBC Capital
  • NEM: pt raised from $44 to $48: FBR Capital
  • PXD: pt raised from $175 to $185: Topeka Capital
  • GOOGL: pt raised from $850 to $900: Axiom Capital
  • CAH: pt raised from $97 to $100: FBR Capital
  • ESS: pt raised from $237 to $244: Canaccord
  • MDAS: pt raised from #20 to $31: FBR Capital
  • NBL: pt raised from $44 to $48: Stifel
  • FN: pt raised from $23 to $26: Stifel
  • FN: pt raised from $25 to $27.50: Northland Capital
  • CLX: pt raised from $115 to $121: RBC Capital
  • SNX: pt raised from $88 to $105: Citi
  • OHI: pt cut from $44 to $39: Stifel
  • CYH: pt cut from $34 to $30: Mizuho
  • CTCT: pt cut from $38 to $32: Roth Capital
  • DWRE: pt cut from $75 to $61: Mizuho
  • HPQ: pt cut from $30 to $14: Mizuho
  • ECOL: pt cut from $51 to $42: Imperial Capital
  • QYLS: pt cut from $50 to $45: Wunderlich
  • QYLS: pt cut from $40 to $36: RBC Capital
  • LPNT: pt cut from $107 to $96: RBC Capital
  • VRX: pt cut from $231 to $213: RBC Capital

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