TSLA | Morning News

tesla-logoAUGUST 6. 2015

US futures struggling to hold the flatline at this 7AM hour as traders await weekly jobless claims and sift through more earnings repots. Yesterday, investors saw weak ADP numbers as a possible precursor to the non-farm payroll reading set to be announced at 8:30AM tomorrow. Overnight, oil lost more ground as the rude benchmark fell below $45/barrel.

NEWS:

  • FB: TWTR: Facebook launches “Live” streaming video feature, but only for celebrities, reports techcrunch
  • CF: CF Industries to merge with OCI’s European, US units in $8B deal
  • MDLZ: Ackman Takes $5.5 Billion Stake in Snacks Giant Mondelez, reports wsj
  • GWPH: GW Pharmaceuticals Receives FDA Fast Track and EMA Orphan Designations for Intravenous Cannabidiol in the Treatment of Neonatal Hypoxic-Ischemic Encephalopathy
  • AMZN: Jeff Bezos Sells More Than $500 Million in Amazon Shares, reports Bloomberg
  • ZUMZ: revises 2Q15 EPS lower

ON THE ECONOMIC CALENDAR:

  • Various times: Chain Store Sales
  • 7:30AM: Challenger Job Cut Report
  • 8:30AM: Weekly Jobless Claims
  • 8:30AM: Gallup US Payroll to Population
  • 9:45AM: Bloomberg Consumer Comfort Index
  • 10:30AM: EIA Natural Gas Inventory
  • 4:30PM: Money Supply and Fed Balance Sheet

EARNINGS REPORTED THIS MORNING:

  • SUNE: Q2 EPS of -$0.93 misses by $0.38: revenue of $455M beats by $61.29M
  • AGN: Q2 EPS of $4.41 beats by $0.03: revenue of $5.73B beats by $20M: revenue +117.0 Y/Y
  • KORS: FQ1 EPS of $0.87 beats by $0.12: revenue of $985.98M beats by $42.02M: strong guidance, guides FY16 EPS $4.40-4.50 vs. consensus $4.25
  • MBLY: Q2 EPS of $0.10 beats by $0.02: revenue of $52.8M beats by $4.91M: revenue +56.9% Y/Y: guides higher, raises FY15 EPS to 44c-45c vs. consensus 39c
  • BDX: FQ3 EPS of $2.05 beats by $0.04: revenue of $3.13B in-line
  • RDEN: FQ4 EPS of -$1.57 misses by $0.92: revenue of $188.7M in-line
  • SRPT: Q2 EPS of -$0.87 beats by $0.34: revenue of $0 misses by $0.1M
  • GOGO: Q2 EPS of -$0.32 misses by $0.01: revenue of $121.19M misses by $0.87M

RECAP OF SOME NOTABLE EARNINGS LAST NIGHT AFTER THE CLOSE:

  • TSLA: Q2 EPS of -$0.48 beats by $0.12: revenue of $1.19B  beats by $20M: guidance lowered
  • GMRC: FQ3 EPS of $0.80 beats by $0.01: revenue of $969.53M misses by $70.47M: $1B buyback announced: weak guidance
  • FIT:Q2 EPS of $0.21 beats by $0.13: revenue of $400.4M beats by $80.95M: revenue +252.5% Y/Y:  guides above estimates
  • HDP:Q2 EPS of -$0.80 beats by $0.04: revenue of $30.68M beats by $7.39M: revenue +154.0% Y/Y: strong guidance
  • CTL:Q2 EPS of $0.55 misses by $0.05: revenue of $4.42B misses by $10M: weak guidance
  • RIG: Q2 EPS of $1.11 beats by $0.61: revenue of $1.88B beats by $180M
  • HLF: Q2 EPS of $1.24 beats by $0.13: revenue of $1.16B beats by $20M: raises guidance 
  • AGU:Q2 EPS of $4.90 beats by $0.12: revenue of $6.99B misses by $300M: narrows guidance
  • ZU: Q2 EPS of $0.06 beats by $0.02: revenue of $297.56M beats by $3.57M: narrows guidance in-line with expectations
  • GDDY: Q2 EPS of -$0.46 misses by $0.29: revenue of $394.5M: light guidance
  • WTW: Q2 EPS of $0.42 beats by $0.01: revenue of $309.8M misses by $2.51M: raises guidance but remains in-line with expectations
  • MRO:Q2 EPS of -$0.23 in-line: revenue of $1.53B misses by $80M: revenue -48.0% Y/Y
  • CF:Q2 EPS of $1.49 in-line: revenue of $1.31B  in-line
  • FANG:Q2 EPS of $0.41 beats by $0.04: revenue of $119.06M misses by $10.03M: solid guidance
  • JAZZ: Q2 EPS of $2.41 in-line: revenue of $333.75M misses by $2.11M: reaffirms guidance
  • MELI:Q2 EPS of $0.44 misses by $0.24: revenue of $154.31M beats by $6.88M

EARNINGS TO BE REPORTED AFTER THE CLOSE TODAY:

  • ABTL, ACAD, AHT, AIRM, AL, ALEX, ALNY, AMBR, AMRN, AMRS, ANAC, ANAD, ANET, ASEI, ASYS, ATHX, BBG, BEAT, BIO, BITA, BOJA, BRKS, BRS, CECO, CENX, CERS, CLVS, CPST, CSOD, CUB, CUBE, CVT, CYTX, DIOD, DMD, DRYS, EAC, ED, EFC, EGN, EGOV, EGY, ELON, EOG, ERII, ESPR, EVC, FLDM, FLTX, FPRX, FXCM, FXEN, GALE, GEOS, GNMK, GSBD, GXP, HNSN, HTGC, HUBS, IMI, IMPV, INWK, IRG, JMBA, KTOS, LGF, MAIN, MDVN, MHK, MNST, NDLS, NEWR, NFG, NPTN, NUAN, NUS, NVDA, OLED, ONTY, ORIG, OSTK, OUT, PACD, PETX, PLNR, PODD, POST, PRO, RBA, RBCN, RIGP, RJET, RMAX, RPTP, RRMS, SAAS, SEM, SEMG, SFM, SHO, SKUL, SPPI, SRC, SREV, SSRI, STMP, SWIR, TCRD, TCX, TEAR, TNGO, TPC, TRMR, TRUE, TRXC, TSRO, TWOU, UBNT, VRNS, VSAT, WAIR, WIFI, WING, XOMA, XOXO, ZNGA

ANALYSTS’ RATINGS CHANGES:

UPGRADES:

  • SBRA: upgrade: neutral to buy: Mizuho: $29
  • ZTS: upgrade: market perform to outperform: William Blair
  • CBS: upgrade: hold to buy: Pivotal Research: $58

DOWNGRADES:

  • INVE: downgrade: outperform to in-line: Imperial Capital: pt cut from $11 to $4
  • PAA: downgrade: buy to hold: Wunderlich: $37
  • MNTA: downgrade: buy to neutral: Goldman: $27
  • USNA: downgrade: buy to neutral: DA Davidson:
  • GMCR: downgrade: postiive to neutral: Susquehanna:
  • GMCR: downgrade: buy to hold: Canaccord
  • GMCR: downgrade: overweight to equal weight: Morgan Stanley: $60

INITIATIONS:

  • SYY: initiated: sell: Pivotal Research Group: $29

PRICE TARGET CHANGES:

  • GDDY: pt raised from $33 to $37: JP Morgan
  • CA: pt raised from $37 to $38: Jefferies
  • PXD: pt raised from $201 to $213: Imperial Capital
  • ALDR: pt raised from $40 to $62
  • FIT: pt raised from $45 to $53: RBC Capital
  • FSLR: pt raised from $34 to $38: RBC Capital
  • JAZZ: pt raised from $186 to $205: Deutsche Bank
  • HCA: pt raised from $93 to $102: RBC Capital
  • OSIR: pt raised from $19 to $25: Brean Capital
  • WIX: pt raised from $26 to $30: RBC Capital

______

  • CLH: pt cut from $65 to $62.50:Imperial Capital
  • ZUMZ: pt cut from $29 to $25: Mizuho
  • GMCR: pt cut from $86 to $59: UBS

About the Author

Leave a Reply 0 comments

Leave a Reply: