Friday, November 21, 2014

US futures surge to record highs following green arrows around the world after Mario Draghi signaled that the ECB is ready to expand its asset purchasing with aggressive easing measures if inflation shows signs of staying too low. Positive news out of China with reports that the PBOC, China's central bank his ready to inject funds and signaled that it will provide liquidity support through multiple monetary policies when necessary. China cutting its lending rates for the first time in more than 2 years.

on the economic calendar for today:
11AM: Kansas City Fed Manufacturing Survey

RYCEY:DAL: Rolls-Royle wins $5B contract to supply engines for Delta

AMZN: Amazon looking to dip its toes into the travel industry, reports Skift
CELG: receives positive CHMP opinion for OTEZLA, reports business wire

SIRO earnings: Sirona Dental Systems: FQ4 EPS of $0.93 beats by $0.03.Revenue of $290M beats by $3.68M : guides FY15 adjusted EPS $3.95-$4.05 vs consensus $4.08

FL earnings: Foot Locker : Q3 EPS of $0.83 beats by $0.04.Revenue of $1.73B beats by $10M

ANN earnings:  Q3 EPS of $0.72 beats by $0.04.Revenue of $646.81M  misses by $1.46M

BBY: upgrade: market perform to outperform: Telsey Advisory Group: pt raised from $37 to $45
BBY: pt raised from $36 to $43: Citigroup
MBLY: pt raised from $52 to $55: RBC Capital
ADSK: pt raised from $65 to $70: Canaccord
GME: downgrade: outperform to market perform: Telsey Advisory Group: pt cut from $51 to $45
ROST: pt raised from $78 to $95: FBR Capital
ROST: pt raised from $80 to $95: BofA/Merrill
INTC: pt raised from $36 to $40: FBR Capital
INTU: pt raised from $89 to $97: JPM
INTC: pt raised from $34 to $36: Cowen
JBLU: pt cut from $20 to $16: Imperial Capital
CAT: initiated: Buy: Stifel: $122
AMZN: initiated: Buy: Nomura: $410
VMW: initiated: Buy: Jefferies: $130
CRM: initiated: underperform: Jefferies: $48
SPLK: pt raised from $68 to $80: Pacific Crest
SPLK: pt raised from $78 to $83: FBR Capital
SPLK: pt raised from $65 to $75: Stifel
DISH; pt raised from $79 to $94: Citigroup
DLTR: pt raised from $64 to $72: Stifel
REGN: pt raised from $418 to $462: BofA/Merrill