US futures follow the rest of the world markets into negative territory at this 6AM hour as traders return from a 4 day holiday to a rash of negative headlines, from oil prices collapsing anew, to downbeat data from China, and to weaker Black Friday sales
ON THE ECONOMIC CALENDAR FOR TODAY:
8;30AM: Gallup US Consumer Spending
9:45AM: PMI Manufacturing Index
10AM: ISM Manufacturing Index
11AM: Global Manufacturing PMI
NEWS:
China PMI drops to 50.3, an 8 month low
Moody's downgrades Japan's sovereign debt rating from Aa3 to A1 (one notch)
INTC: Intel will power the next version of Google Glass expected out next year, reports the WSJ
FEYE: Sony has hired FEYE's Mandiant forensics division to help restore the studio's computer network nearly a week after a massive cyber attack paralyzed the company's systems
AAPL: 2015 to see drop in iPad shipments, says DigiTimes
AMZN: Amanzon reports strong Kindle and Fire sales on Black Friday
EBAY: AMZN: Channel Advisor checks find online sales +22% over last year : Amazon was the winner while eBay loses ground
C: BAC: JPM: WFC: GS: USB: US Banks get an upgrade to overweight at UBS
MYL : GILD: enter into licensing agreement
REGN: FDA accepts diabetes drug, EYLEA, for priority review
Macau Gaming Inspection and Coordination Bureau reports November gross gaming rev -19.6% YoY
GPS: Wedbush out positive on Gap stores Black Friday sales
TTEK: awarded $216M USAID gender equity contract
POZN: SNY: Pozen and Sanofi terminate US partnership for PA8140/PA32540
RTN: announces a foreign military sales contract from the U.S. Air Force to design and implement an Air and Missile Defense Operation Center for Qatar
ISR: reports positive brain cancer results of it Cesium-131
UPGRADES & DOWNGRADES:
AMED: upgrade: underperform to sector perform: RBC Capital: pt raised from $10 to $23
DE: upgrade; underweight to neutral: JP Morgan: pt raised from $83 to $90
SDRL: upgrade: underperform to market perform: Wells Fargo: NOTE pt cut from $20-26 range to $13-16 range
JBLU: upgrade: underperform to buy: BofA/Merrill: pt raised from $10.50 to $17
AAL: upgrade; neutral to buy: BofA/Merrill: $55
GRPN: upgrade: neutral to buy: BofA/Merrill: $9.50
BIG: downgrade: overweight to neutral; JP Morgan: $51
MNST: downgrade; Top Pick to Outperform: RBC Capital: NOTE: pt raised from $118 to $121
DPS: downgrade: sector perform to underperform: RBC Capital: $55
DWA: downgrade: market perform to underperform: FBR Capital: $14
THOR: pt raised from $30 to $36: Canaccord
VRTX: pt raised from $122 to $148: Maxim
AET: pt raised from $87 to $100: Leerink
ULTA: pt raised from $125 to $135: Baird
AAPL: pt raised from $120 to $140: Barclays
MU: pt raised from $36 to $41: JP Morgan
DB: pt cut from $33 to $30: RBC Capital
CDW: pt raised from $37 to $38: RBC Capital
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