Retail Sales | Morning News

stock market newsJUNE 11, 2015

US futures holding the flat line at this 7AM hour even as European markets surged overnight with the Greek Index pushing up 6.3% overnight on hopes of a solution to their monetary crisis. Investors looking to weekly jobless claims numbers and important retail sales data, due to be released before the market opens this morning.

NEWS:

  • BA:DAL: Delta to purchase $4B 737-900ER jets from Boeing, reports Bloomberg
  • NKE: Nike signs deal with NBA, logo to appear on uniforms, reports ESPN
  • LULU: files to sell 20.1M shares for shareholders
  • EBAY: NY raises consumer protection laws questions on new Ebay user agreement
  • AMZN:¬†Amazon targeted with European antitrust investigation over ebooks, reports theverge
  • FB: Facebook Messenger top 1B Android downloads, and launches first messenger game
  • AGIO: AG-120 for AML designated an Orphan Drug by the FDA
  • PFPT: annonces plans to sell $150M in convertible senior notes
  • SNE: launches iPad app for PlayStation Vue TV

ON THE ECONOMIC CALENDAR:

  • 8:30AM: Weekly Jobless Claims
  • 8:30AM: Retail Sales
  • 8:30AM: Import/Export Prices
  • 9:45AM: Bloomberg Consumer Comfort Index
  • 10AM: Business Inventories
  • 10:30AM: EIA Natural Gas Inventory
  • 1PM: $13B, 30 Year Note Auction
  • 4:30PM: Money Supply and Fed Balance Sheet

RECAP OF SOME NOTABLE EARNINGS LAST NIGHT:

  • BOX:FQ1 EPS of -$0.28 beats by $0.03.Revenue of $65.62M beats by $1.92M: strong guidance
  • KKD: FQ1 EPS of $0.24 beats by $0.02.Revenue of $132.47M misses by $3.52M: upbeat guidance

SOME NOTABLE EARNINGS AFTER THE CLOSE:

  • KFY, LF, RH, RLD, XONE

ANALYSTS’ RATINGS CHANGES:

UPGRADES:

  • NEM: upgrade: sector perform to outperform: RBC Capital: pt raised from $27 to $30
  • TOL: upgrade: market perform to outperform: Credit Suisse: pt raised from $40 to $42
  • FIS: upgrade: neutral to outperform: Baird: pt raised from $68 to $70

DOWNGRADES:

  • CHK: downgrade: outperform to perform: Oppenheimer
  • HOG: downgrade: outperform to neutral: Wedbush: pt cut from $74 to $57
  • ADSK: downgrade: outperform to neutral: Wedbush: pt cut from $64 to $57
  • HCC: downgrade: outperform to market perform: Keefe, Bruyette & Woods: $78

INITIATIONS:

  • HOS: initiated: overweight: Barclays: $26
  • NE: initiated: underweight: Barclays: $13
  • DO: initiated: underweight: Barclays: $24
  • RIG: initiated: underweight: Barclays: $14
  • AWAY: initiated: overweight: Stephens: $40

PRICE TARGET CHANGES:

  • NFLX: pt raised from $723 to $746: Topeka Capital
  • JBL: pt raised from $23 to $24: RBC Capital
  • FDX: pt raised from $180 to $195: RBC Capital
  • SWKS: pt raised from $105 to $115: Northland
  • MBLY: pt range raised from $51-54 to $56-60: Wells Fargo
  • FRAN: pt cut from $16 to $15: FBR Capital
  • BABA: to cut from $136 to $124: HSBC

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Leave a Reply 2 comments

Passion4Trading Reply

“…new 2015 highs on Wednesday.”

?

    Pete Renzulli Reply

    yup
    ur right, was updated.
    thanks

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