US futures point to a modestly lower opening, snapping a three day winning streak as global market sell off with oil clearly in the headlights. Overnight, crude remained volatile, trading lower after yesterday's comment from a Saudi official stating that his country was not prepared to cut oil production. Adding pressure to the already weak commodity was the EIA data that showed a jump in petroleum inventories to record levels. Investors will keep their attention on the OPEC countries comments, as well as the Baker-Hughes rig count set to be reported today at 1PM EST.
NEWS:
- ATHM: raises quarterly dividend 4% to $0.65/share
- SNI: raises quarterly dividend 8.7% to $0.25/share
- ATW: cancels quarterly dividend
- BEAV: raises quarterly dividend 10.5% to $0.21/share
- YHOO: forms independent committee to explore strategic alternatives
- AZN: Zurampic approved by European Commission for gout
- SPPI: announces FDA acceptance of NDA filing for EOquin
- C: announces plans to sell Brazil, Argentine and Columbia retail banking businesses
- INO: Piper Jaffray out positive on the company amid the Zika virus worry: Piper has a $31 pt on the stock and overweight rating
- AAPL: Apple has been given until Feb 26th to respond to iPhone hack order
- 8AM: Fed's Mester speaks on "Economic Outlook"
- 8:30AM: Consumer Price Index
- 1PM: Baker-Hughes Rig Count
- JWN: Q4 EPS of $1.17 misses by $0.05: revenue of $4.2B misses by $20M: revenue +4.0% y/y: guides FY16 EPS $3.10-$3.35 vx consensus $3.53
- AMAT: FQ1 EPS of $0.26 beats by $0.01: revenue of $2.26B beats by $20M: revenue -4.2% y/y: guides Q2 adjusted EPS $0.30-$0.34 vs consensus $0.26
- EQIX: Q4 FFO of $2.85 misses by $0.66: revenue of $730.46M beats by $14.57M: revenue +14.5% y/y: raises quarterly dividend 3.6% to $1.75: guides Q1 revenue $838-$832 vx consensus $755.19M
- AHS: Q4 EPS of $0.47 beats by $0.06: revenue of $402.55M beats by $14.94M; revenue +43.9% y/y: guides Q1 revenue $444M-$450M vs consensus $394.13M
- MDRX: Q4 EPS of $0.13 in-line: revenue of $345.6M misses by $112.31M; revenue +0.7% y/y: guides FY16 EPS $0.55-$0.62 vx consensus $0.58
- SAM: Q4 EPS of $1.21 beats by $0.08: revenue of $215.13M misses by $9.05M; revenue -1.2% y/y: guides FY16 EPS $1.21 vs consensus $1.13
- CAA: Q4 EPS of $1.04 beats by $0.28: revenue of $1.67B misses by $110M; revenue +121/6% y/y
- FLR: Q4 EPS of $0.68 misses by $0.25: revenue of $4.12B misses by $420M; revenue -24.5% y/y: reaffirms FY16 EPS guidance $3.50-$4.00 vx consensus $3.72
- FLS: Q4 EPS of $0.89 misses by $0.03: revenue of $1.29B beats by $70M: revenue -6.5% y/y: reaffirms FY16 adjusted EPS guidance $2.40-$2.75 vs consensus $2.65
- KEYS: FQ1 EPS of $0.55 beats by $0.06: revenue of $726M beats by $10.7M; revenue+3.6% y/y: announces new $200M share repurchase authorization
- COMM: Q4 EPS of $0.42 in-line: revenue of $1.14B misses by $20M: revenue +37.7% y/y: guides FY16 adjusted EPS $2.25-$2.35 vs consensus $2.25: guides FY16 revenue $4.9b-$5.05B vs consensus $4.97B
- DE: FQ1 EPS of $0.80 beats by $0.10: revenue of $4.77B miss by $170M: revenue -14.8% y/y: guides Q2 equipment sales down 8%: guides FY16 equipment sales down 10%
- THRM: Q4 EPS of $0.56 in-line: revenue $212.3M misses by $5.24M: revenue +3.5% y/y: guides FY16 revenue up 10% y/y
- CST: Q4 EPS of $0.55 beats by $0.10: revenue of $2.11B misses by $410M; revenue -21.9% y/y
- BRC: FQ2 EPS of $0.30 beats by $0.07: revenue of $268.63M beats by $10.53M: revenue -5.0% y/y: raises FY16 EPS guidance to $1.20-$1.35 from $1.20-$1.30 vs consensus $1.26: announces authorization of 2M share increase to buyback plan
- COG: Q4 EPS of -$0.02 beats by $0.02: revenue of $280.79M misses by $53.36M: revenue -54.6% y/y
- B:Q4 EPS of $0.60 misses by $0.06: revenue of $287.03M misses by $21.25M: revenue -7.5% y/y: guides FY16 adjusted EPS $2.43-$2.56 vs consensus $2.53
- AUY: Q4 EPS of -$0.01 beats by $0.01: revenue of $463M misses by $9.82M: revenue -14.7% y/y
- ENB: Q4 EPS of C$0.58 beats by C$0.06: revenue of C$8.91B misses by C$110M: revenue +1.3% y/y
- VFC: Q4 EPS of $0.95 misses by $0.06: revenue of $3.41B misses by $230M: revenue -4.7% y/y
UPGRADES:
- TCRD: upgrade: market perform to outperform: Keefe Bruyette
- AMAT: upgrade: hold to buy: Needham: $22
- CHH: upgrade: underweight to neutral: JP Morgan: $46
- VRTU: upgrade: neutral to buy: SunTrust: pt cut from $52 to $40
- BCC: upgrade: market perform to outperform: BMO Capital: $23
- MDCA: upgrade: market perform to outperform: BMO Capital: pt raised from $20 to $22
- MCY: upgrade: underperform to market perform: Raymond James
- CXP: downgrade: hold to sell: Goldman: pt cut from $24 to $18
- BBY: downgrade: buy to neutral: Goldman: $33
- DUK: downgrade: overweight to neutral: JP Morgan: $81
- SYNT: downgrade: outperform to market perform: Wells Fargo: pt range cut from $51-$53 to $44-$46
- FLR: downgrade: outperform to market perform: FBR Capital: pt cut from $57 to $46
- LADR: downgrade: outperform to market perform: Wells Fargo: pt cut from $23 to $21.50
- ETR: downgrade: overweight to equal weight; Barclays: $76
- PRGO: downgrade: buy to neutral: B Riley: pt cut from $239 to $146
- IM: downgrade: outperform to market perform: Raymond James
- BKCC: downgrade: outperform to market perform: Keefe Bruyette: pt cut from $10.50 to $9.50
- CLMT: downgrade: buy to neutral: Credit Suisse: $18
- EPE: downgrade; buy to neutral: UBS: pt cut from $4.50 to $2.75
- TRUE: downgrade: outperform to market perform: JMP Securities
- TRN: downgrade: buy to underweight: BB&T:
- RS: downgrade: buy to neutral: BofA/Merrill: $62
- LAYN: initiated: buy: Maxim Group: $8
- ACN: initiated: outperform: Cowen: $115
- CTSH: initiated: outperform: Cowen: $65
- EXLS: initiated: outperform: Cowen: $52
- INFY: initiated: market perform: Cowen: $18
- VFC: initiated: outperform: Macquarie: $90
- RARE: initiated: outperform: Leerink: $80
- BERY: initiated: outperform: RBC Capital: $38
- SEE: initiated: outperform: RBC Capital: $53
- MPLX: initiated: buy: Goldman: $30
- OSIS: initiated: buy: B Riley: $71.50
- WFT: initiated: buy: DA Davidson: $9
- SLB: initiated: buy: DA Davidson: $94
- HAL: initiated: buy: DA Davidson: $41
- BHI: initiated: buy: DA Davidson: $54
- MNK: initiated: outperform: Wells Fargo: pt range $75-$78
- VRX: initiated: underperform: Wells Fargo: $65-$68
- AGN: initiated: outperform: Wells Fargo: pt range $345-$350
- VA: pt raised from $30 to $34: Cowen
- HR: pt raised from $27 to $29: RBC Capital
- ROVI: pt raised from $23 to $34: JP Morgan
- SFLY: pt raised from $49 to $51: Axiom Capital
- H: pt raised from $47 to $40: Telsey Advisory Group
- ONE: pt raised from $3 to $4.50: Compass Point
- SIX: pt raised from $58 to $60: Janney Capital
- CMG: pt raised from $551 to $605: Citi
- AXE: pt cut from $70 to $49: Imperial Capital
- HCN: pt cut from $66 to $60: Mizuho
- TWX: pt cut from $81 to $73: FBR Capital
- PSIX: pt cut from $40 to $23: Wunderlich
- JWN: pt cut from $80 to $69: Topeka Capital
- JWN: pt cut from $57 to $52: Telsey Advisory Group
- NMIH: pt cut from $11 to $8: FBR Capital
- LGF: pt cut from $31 to $23: FBR Capital
- DISCA: pt cut from $33 to $28: FBR Capital
- CHH: pt cut from $52 to $51: Telsey Advisory Group
- ATHM: pt cut from $43 to $35: Brean Capital
- VMI: pt cut from $121 to $118: Wedbush
- JACK: pt cut from $105 to $90: Wedbush
- MDCA: pt cut from $26 to $24: Wedbush
- PRT: pt cut from $18 to $77: Wedbush
- MDRX: pt cut from $19 to $17: RBC Capital
- MRO: pt cut from $15 to $13: RBC Capital
- SPLK: pt cut from $69 to $56: RBC Capital
- PANW: pt cut from $205 to $185: RBC Capital
- GEL: pt cut from $44 to $38: RBC Capital
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