Monday, November 24, 2014

Monday, November 24, 3014

US futures +0.2% at this 6AM EST hour, following mostly green arrows around the world as European and Asian markets continue to rise in the afterglow of fast week’s hints at further stimulus from Mario Draghi, and China’s central-bank's surprise cut in interest rates. Markets could remain quiet  and volume weak on this shortened US Thanksgiving holiday week.

on the economic calendar for today:
8:30AM: Chicago Fed National Activity Index
9:45AM: PMI Service Index Flash
10:30AM: Dallad Fed Manufacturing Outlook
1PM: $28B, 2 Year Note Auction 

TSLA:Tesla is in talks with BMW over possible partnership in battery technology, reports Der Spiegel

GPS: Gap as struck a deal with Zalando, Europe's largest online fashion retailer, to sell tis core brand starting next May

US oil imports of crude oil from OPEC nations are at their lowest level in almost 30 years. reports the Financial Times

INTC: Intel shares are likely to rise 30% over the next two years, says Barrons

DDD: CIMT: 3D Systems announces agreement to purchase CIMT at $8;97/share

YGE: announces plans to provide 120MW of solar panels to a solar park in France

JKS: announces agreement to supply 7MW solar PV modules to plant in Mexico

AAPL: Cantor positive on Apple into the holiday season

YHOO: Yahoo acquires Cooliris, terms not disclosed 

RSX: "We're losing around $40B a year because of geopolitical sanctions, and about $90B-$100B from oil prices falling by 30%," announced Russia's Finance Minister

D: CSIQ: Canadian Solar sells solar facility in California to Dominion

NLNK: MRK: Merck and NewLink enter into licensing agreement for ebola vaccine

BMRN: RNA: BioMarin to buy Prosensa for $17.75/share

EARNINGS: 
TSL earnings: Trina Solar : Q3 EPS of $0.34 beats by $0.19.Revenue of $616.8M misses by $28.88M:
narrows its full-year shipment guidance to between 3.61 and 3.66 gigawatts from its previous guidance of 3.6 to 3.8 gigawatts


BOOT: initiated: buy: Jefferies: $24
BOOT: initiated: outperform: Baird: $23
BOOT: initiated: buy; Piper Jaffray: $24
BOOT: initiated: buy: Stifel: $23
LCI: pt cut from $66 to $60: Roth Capital
LL: upgrade: equal weight to overweight: Morgan Stanley: $85
JEC: downgrade; neutral to sell: Goldman: pt cut from $46 to $40
CBI: downgrade: neutral to sell: Goldman: $46
COST: removed from Goldman's Conviction Buy list NOTE: pt raised from $145 to $148
SCTY: upgrade: neutral to outperform: Baird: $83
XOM: downgrade: outperform to market perform: Raymond James: $106
WB: initiated: overweight: HSBC:: $25
HES: upgrade; market perform to outperform: Raymond James: $100
KATE: upgrade; neutral to buy: BofA/Merrill: $34
CVX: downgrade; strong buy to outperform: Raymond James: $140
DISH: pt raised from $69 to $81: RBC Capital
CSCO; pt raised from $28 to $29: RBC Capital
TYC: downgrade: outperform to market preform: FBR Capital: pt cut from $44 to $42
OXY: upgrade: outperform to strong buy: Raymond James: $105
DENN: upgrade; neutral to buy: Janney: pt raised from $7 to $11
CUDA: Pacific Crest out positive on CUDA on expectation of growth accelerating
AAPL: pt raised from $120 to $135: Susquehanna
HPQ: pt raised from $40 to $45: Deutsche Bank


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