NFLX | Morning News

stock market newsJUNE 10, 2015 | US futures edging higher at this 7AM hour with the dollar down against most major currencies and traders focused on tomorrow’s key retail store sales data as well as Friday’s consumer sentiment number. NFLX will be on the radar after hitting a new high yesterday before news broke after the close that investors approved share increase, paving the way for a possible stock split. Overnight, crude rose as the commodity found support in the falling dollar. EIA Petroleum inventories out at 10:30AM EST.

NEWS:

  • REGN: SNY: FDA Ad Comm rules in favor of alirocumab, their cholesterol lowering drug
  • AAPL:Apple Music faces antitrust scrutiny, reports reuters
  • GPOR: announces plan to acquire 35K+ acres in the Utica Shale play in Ohio, ¬†and will fund the deal with a public offering of 10M common shares
  • NFLX:Netflix investors approve share increase, company to pursue stock split, reports reuters
  • ILMN:Annoroad and Illumina to Co-Develop NGS Diagnostic System for Reproductive Health, reports businesswire

ON THE ECONOMIC CALENDAR:

  • 7AM: MBA Mortgage Applications
  • 10AM: Quarterly Services Report
  • 10:30AM: EIA Petroleum Inventories
  • 1PM: $21B 10 Year Bond Auction
  • 2PM: Treasury Budget

EARNINGS:

  • FRAN:Q1 EPS of $0.17 misses by $0.01.Revenue of $95.01M misses by $0.29M: conference call 8:30AM EST

NOTABLE EARNINGS AFTER THE CLOSE TODAY:

  • BV, BOX, DDC, KKD, MW

ANALYSTS’ RATINGS CHANGES:

UPGRADES:

  • CL: upgrade: sell to hold: Societe Generale: $68
  • LULU: upgrade: underperform to buy: CLSA: pt raised from $68 to $80
  • LC: upgrade: hold to buy: Stifel: $25
  • HIMX: upgrade: underperform to buy: BofA/Merrill: $8.50
  • HOV: upgrade: underperform to market perform: JMP Securities
  • DG: upgrade: sector perform to outperform: RBC Capital: pt raised from $82 to $86
  • NTAP: upgrade: sector perform to outperform: RBC Capital: pt raised from $35 to $38

DOWNGRADES:

  • AOL: downgrade: buy to hold: Jefferies: $50
  • GT: downgrade: buy to underperform: CLSA: pt cut from $34 to $33
  • HTH: initiated: buy: Compass Point: 427
  • HRB: downgrade: buy to neutral: Credit Suisse: $35

INITIATIONS:

  • DWA: initiated: sell: CLSA: $17
  • HSIC: initiated: outperform: RBC Capital: $165

PRICE TARGET CHANGES:

  • LULU: pt raised from $73 to $78: Telsey Advisory Group
  • BABA: pt cut from $100 to $105: RBC Capital

 

 

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