Thursday, December 24, 2015

Merry Christmas | Morning News

DECEMBER 24, 2015
US futures hovering around the flat line at this hour as markets trade mixed around the world on light trading. NOTE: NYSE closes at 1PM EST today: SIFMA closes at 2PM EST today
NEWS:
  • STO:Statoil wins legal fight against Diamond Offshore in Norway court
  • SCTY: Draper Associates cuts stake in SolarCity to 5.67%
  • CLDN:Boxer Capital reports 5.9% passive stake in Celladon
  • BA: LMT: United Launch Alliance to order 20 more Russian rocket engines
  • FDX:Some retailers warn of delivery delays, blame FedEx, reports the WSJ
  • EGRX:Eagle Pharmaceuticals announces FDA approval of Docetaxel injection
  • FXI: China ups disclosure requirements; extends yuan trading hours
  • FCX:Freeport McMoRan soon may auction off oil and gas assets, reports reuters
THE ECONOMIC CALENDAR:
  • 8:30AM: Weekly Jobless Claims
  • 9:45AM: Bloomberg Consumer Comfort Index
  • 10:30AM: EIA Natural Gas Inventory
  • 4:30PM: Money Supply and Fed Balance Sheet
ONE EARNING POSTED YESTERDAY AFTER THE CLOSE:
  • CALM: FQ2 EPS of $2.26 misses by $0.14: revenue of $546M misses by $6.31M: revenue +44.2% y/y
ANALYSTS' RATINGS CHANGES:
UPGRADES:
  • TLP: upgrade: hold to buy: Stifel: $27
DOWNGRADES:
  • SPKE: downgrade: buy to hold: Wunderlich:$20
  • ONCE: downgrade: buy to hold: Wunderlich
  • BBBY: downgrade: buy to neutral: SunTrust: $55
PRICE TARGET CHANGES:
  • GPN: pt raised from $58 to $66: Topeka Capital
  • CMG: pt cut from $575 to $555: Telsey Advisory

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