US futures struggling in modestly negative territory at this hour as European markets fall from their highs after crude futures turned down with the API report late yesterday that US crude stockpiles expanded by 9.9M barrels last week vs the 2.6M consensus figure trumping the output freeze plan. EIA reports petroleum inventories this morning at 10:30AM EST. Meanwhile, traders will look to some key economic data today with ADP jobs report due out before the opening and the Beige Book data announced at 2PM EST.
NEWS:
- AVGR: FDA approves enhance version of Avinger's Pantheris system
- ZNGA: Mark Pincus leaving as CEO
- JNJ: launches a $7.5B aggregate pinciple amount debt offering
- WFT: announces 80M share public offering of common shares
- T: announces plans to offer DirecTV streaming services in Q4
- RH: Eminence Capital reports a 3.1% passive stake in the company
- FB: Facebook wants celebrities for its Live Streaming Service and its willing to pay cash, reports re/code
- CP: CSX: Canadian Pacific approaches CSX about a takeover
- FB: German anti-trust regulator investigates Facebook over user data
- COST: falling gas prices should benefit Costco, reports the WSJ
- APC: garnishes a "Top Pick" designation from Macquarie, reaffirms outperform and $60pt
- IBM: announces 10 year contract with Telefonica
- HON: reaffirms FY16 EPS of $6.45-$6.70 vs consensus $6.59
- CLNE: awarded $10M NJ Transit contract
- 7AM: MBA Mortgage Applications
- 8:15AM: ADP Jobs Report
- 8:30AM: Gallup US Job Creation Index
- 10AM: Fed's Williams to speak on "Economic Outlook"
- 10:30AM: EIA Petroleum Inventories
- 2PM: Beige Book
- ROST: Q4 EPS of $0.66 beats by $0.02: revenue of $3.25B beats by $40M: revenue +7.3% y/y: guides FY16 EPS $2.59-$2.71 vs consensus $2.75
- ASNA: Q2 EPS of $0.01 beats by $0.02: revenue of $1.84B misses by $40M: revenue +42.6% y/y: reaffirms guidance
- EPIQ: Q3 EPS of $0.29 beats by $0.04: revenue of $144.63 beats by $3.65M: revenue +25.6% y/y: guides below consensus
- TIVO: Q4 net income of $7.58M: revenue of $101.75M misses by $0.98M: revenue +11.0% y/y guides revenue below consensus
- BOBE: FQ3 EPS of $0.62 beats by $0.08: revenue of $346.5M misses by $1.02M; revenue -3.0% y/y: narrows guidance
- NPTN: Q4 EPS of $0.16 beats by $0.06: revenue of $89.12M beats by $4.67M: revenue +12.8% y/y: strong guidance: guides Q1 adjusted EPS $0.10-$0.18 vs consensus $0.08
- VEEV: FQ4 EPS of $0.15 beats by $0.04: revenue of $114.3M beats by $3.79M: revenue +31.4% y/y: mixed guidance
- GWRE: FQ2 EPS of $0.24 beats by $0.09: revenue of $102.13M beats by $5.35M; revenue +14.2% y/y: revenue +14.2% y/y: strong FY16 guidance
- CHUY:Q4 EPS of $0.18 beats by $0.05: revenue of $71.0M beats by $0.61M; revenue +15.0% y/y: guides in-line: guides FY16 CapEx $33M-$38M
- DAR: Q4 EPS of $0.54 beats by $0.29: revenue of $809.7M misses by $33.91M: revenue -19.0% y/y
- ANF: Q4 adjusted EPS of $1.08 beats by $0.09: revenue of $1.11B beats by $10M: revenue -0.9% y/y
- FVE: Q4 EPS of -$0.13: revenue of $344.6M bets by $1.92M: revenue +3.6% y/y
- MCRN: Q4 EPS of $0.48 beats by $0.09: revenue of $306.3M beats by $4.96M: revenue -4.4% y/y
- FRP: Q4 EPS of $1.56 beats by $0.28: revenue of $209.82M misses by $3.03M: revenue -3.4% y/y: guides FY16 free cash flow $105M-$120M: guides FY16 CapEx $115M-$120M
SOME NOTABLE EARNINGS TO BE REPORTED TODAY AFTER THE CLOSE:
UPGRADES:
- AEO, BIOS, BREW, CABO, COST, HABT, NOG, PQ, PSTG, SINA, SKUL, SQNM, SUPN, TSE, WB
UPGRADES:
- ROST: upgrade: neutral to buy: MKM Partners: pt raised from $52 to $65
- MEOH: upgrade: market perform to outperform: Raymond James: $40
- HABT: upgrade: market perform to outperform: Cowen: $30
- UHS: upgrade: underperform to neutral: Sterne Agee: $144
- STAG: upgrade: equal weight to overweight: Capital One: $20
- PGRE: upgrade: equal weight to overweight: Capital One:
- MELI: upgrade: sell to hold: HSBC
- DLTR: downgrade: strong buy to market perform: Raymond James:
- VRX: downgrade: buy to hold: Canaccord: $75
- JOY: downgrade: hold to sell: Axiom: $10
- EQT: downgrade: overweight to equal weight: Morgan Stanley: $65
- CLNY: downgrade: outperform to market perform: FBR Capital: pt cut from $24 to $18
- BCEI: downgrade: outperform to n-line: Imperial Capital: pt cut from $8.50 to $1
- SNDK: downgrade: buy to neutral: Mizuho: $78.50
- CPK: downgrade: buy to neutral: Baird
- PSO: downgrade: hold to sell: Goldman Sachs:
- XEL: downgrade: outperform to neutral: Baird
- INFI: initiated: outperform: FBR Capital: $15
- ADRO: initiated: outperform: FBR Capital: $30
- AMZN: initiated: outperform: BMO Capital: $700
- EBAY: initiated: market perform: BMO Capital: $26
- QTWO: initiated: overweight: First Analysis: $26
- RCKY: initiated: buy: B Riley: $15
- ROST: pt raised from $55 to $60: Telsey Advisory
- ROST: pt raised from $55 to $60: Wedbush
- ROST: pt raised from $61 to $63: Needham
- AEGN: pt raised from $20 to $22: Needham
- AZO; pt raised from $800 to $870: Wedbush
- GWRE: pt raised from $55 to $65: Stephens
- TLP: pt raised from $33 to $38: Stifel
- FDC: pt raised from $12 to $16: Stifel
- BPL: pt raised from $60 to $68: Stifel
- CHUY: pt raised from $36 to $38: Telsey Advisory
- NPTN: pt raised from $12 to $16: Needham
- AYR: pt raised from $20 to $22: FBR Capital
- HL: pt raised from $1.50 to $2: FBR Capital
- RSO: pt cut from $14 to $13: FBR Capital
- ACRE: pt cut from $13.50 to $13: FBR Capital
- TIVO: pt cut from $10 to $9.50: FBR Capital
- TIVO: pt cut from $16 to $13: Piper Jaffray
- OA: pt cut from $100 to $95: Stifel
- JASN: pt cut from $9 to $8: Stifel
- ENDP: pt cut from $55 to $42: Mizuho
- CMA: pt cut from $43 to $40: Compass Point
- LMCA: pt cut from $52 to $40: Pivotal Research
- LBRDA: pt cut from $80 to $74: Pivotal Research
- MDT: pt cut from $91 to $88: Needham
- GBT: pt cut from $94 to $66: Needham
- KATE: pt cut from $32 to $30: Wedbush
- KONA: pt cut from $25 to $21: Wedbush
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