PRE-MARKET | October 11, 2016 | $TWLO, $AAPL, $SPY, $TWTR, $YUM, $TSLA, $AA,

PRE-MARKET MOVERS

1. SUPN:

$SUPN Supernus Pharma Announces SPN-812 Phase 2b Met Primary Endpoint as ADHD Treatment – SI

2. TWLO:

$TWLO Twilio Prelim. Sept.-Quarter Results Top Expectations – Street Insider

3. RDUS, SHPG:

$RDUS Shire $SHPG said to edge closer to Radius deal – sources – Betaville

4. EARS:

$EARS Auris Medical Holding AG provides update on its treatment for acute inner ear tinnitus – reuters

5. YUM:

$YUM Yum! Brands To Return Over $13.5 Billion to Shareholders – TheStreet

6. TWTR:

$TWTR Twitter Is Said to Be in Continued Talks With Salesforce – NYTimes

7. OZRK:

$OZRK Bank of the Ozarks Tops Q3 EPS by 6c – Street Insider

8. AAPL:

$AAPL Apple, Samsung to Argue Patent Case Before Supreme Court – WSJ

9. HRTG:

$HRTG Heritage Insurance estimates losses under $100 million from Hurricane Matthew claims – MW

10. BUD, KO:

$BUD Coca-Cola $KO to Acquire SABMiller’s Former Stake in Africa Soda Bottling – WSJ

11. BUD, MO:

$MO Altria Group Updates on FY16 Outlook; Adds $1B to Stock Buyback Plan $BUD – Street Insider

12. TSLA:

$TSLA German report calls Tesla’s Autopilot a “hazard” – TechCrunch

13. TSLA:

$TSLA TESLA LOOKS TO DOUBLE THE SIZE OF ITS FREMONT PLANT – Motor Trend

14. CLDT: $CLDT Chatham Lodging Trust Lowers Q3 Outlook – Street Insider

15. GE:

$GE General Electric Announces Plans to Acquire LM Wind Power in $1.65B Deal – Street Insider

16. WFC:

$WFC Wells Fargo Reshuffles Top Ranks, Rallying Around Its No. 2 – NYTimes

17. VZ, YHOO:

$YHOO Yahoo!, Verizon $VZ CEO Denies Reports It’s Seeking $1B Discount – Street Insider

18. FAST:

$FAST Fastenal Profit Declines as Fastener Business Remains Weak – WSJ

19. STX:

$STX Seagate Technology’s revenue outlook raised – MarketWatch

20. BP:

$BP BP Buries Plan to Dig in Great Australian Bight – WSJ

21. STJ:

$STJ St. Jude Warns Defibrillator Patients About Battery Risks – BBG

22. AA:

$AA Alcoa Falls as Last Earnings Before Split Miss on Sales Slowdown – BBG

23. ILMN:

$ILMN Illumina cuts Q3 revenue estimates – MarketWatch

24. RCII:

$RCII Rent-A-Center warns of profit miss – MarketWatch

UPGRADES

1. CARB:Oppenheimer Upgrades Carbonite $CARB to Outperform

2. CAT:Goldman Sachs upgrades Caterpillar $CAT to Buy, Target $112 Read:

3. CAT, CMI:Goldman Upgrades Caterpillar, Cummins To Buy; Adds Cummins To ‘Conviction Buy’ List

4. ECA:Barclays Upgrades EnCana Corp. $ECA to Overweight

5. MNTA:$mnta upgraded to overweight by Barclays.

6. NSC:BofA/Merrill Lynch Upgrades Norfolk Southern $NSC to Buy

7. PB:Texas lender upgraded at FBR Capital

8. PH:Goldman Sachs Upgrades Parker-Hannifin $PH to Neutral

9. STX:JPMorgan Upgrades Seagate Technology $STX to Neutral

10. TSO:Credit Suisse Upgrades Tesoro Corporation $TSO to Outperform

11. TWTR:$TWTR upgraded to Hold at Evercore ISI Group – PT $17

12. VA:$VA upgraded to Neutral at JP Morgan – PT raise $52.50 from $50

DOWNGRADES

1. BBT:BB&T Corp. was Downgraded to a Hold Rating at FBR Capital $BBT

2. BBT, RF, ZION:BB&T, Regions Financial, Zions Bancorp downgraded from outperform to market perform at FBR. $BBT $RF $ZION #banks…

3. CHTR:MoffettNathanson Downgrades Charter Communications $CHTR to Neutral

4. CMA, HBAN, RF:Number of regional bank names downgraded at FBR after big runs

5. DK:Credit Suisse Downgrades Delek US $DK to Neutral

6. PPG:Deutsche Bank Downgrades PPG Industries $PPG to Hold

EARNINGS

1. FAST:$FAST reports FQ3 earnings of 44c EPS and $1.01B Revs –

Trending Social Alerts

1. YUM:Packed house at big Yum! Brands roadshow in New York City $YUM

2. STJ:$STJ down about 5% here on this in early trading

3. NBIX:$NBIX INGREZZA priority review PDUFA is 4/11/2017.

4. AA:#Alcoa to report fiscal third-quarter #earnings before the bell $AA

5. SUPN:$SUPN halted

Trending News Headlines

1. Alcoa Falls as Last Earnings Before Split Miss on Sales Slowdown

Alcoa Inc. headed for the biggest drop in a month after the 128-year-old aluminum maker’s last earnings before splitting into two companies missed estimates and it cut forecasts for prized parts businesses.

2. CNBC Now on Twitter

“LATEST: Twitter and Salesforce remain in deal talks – sources (via @davidfaber)”

3. Samsung to Permanently Discontinue Galaxy Note 7 Smartphone

Samsung said it would permanently discontinue production and sales of its embattled Galaxy Note 7 smartphone. Potential losses to Samsung could wipe out the mobile division’s operating profits for the fourth quarter, according to one estimate.

4. zach on Twitter

“$HZNP expected net sales on non-GAAP adj basis at low end of prev annc’d full yr net sales range, 272-274M”

5. Alcoa to report fiscal third-quarter earnings before the bell

Analysts expect Alcoa to report earnings of about 35 cents a share on 5.31 billion in revenue, according to Thomson Reuters.

6. Citi’s UK chief says timing of Brexit contingency plans now key dilemma

The UK head of U.S. bank Citi (C.N) said on Tuesday that the main question facing the finance industry now is when to enact contingency planning after Britain voted to leave the European Union.

7. Samsung to Permanently Discontinue Galaxy Note 7 Smartphone

The move halts production and sale of the defective premium phone.

8. Samsung Kills Off the Galaxy Note 7 Smartphone

The unprecedented move by the South Korean electronics giant is an embarrassing reversal for a respected global brand.

9. Some comment on the Twitter buyout rumours

Twitter is wildly addictive. This is well known and there are people who check twitter more obsessively than anyone checked email. Twitter…

10. Early movers: STJ, YHOO, TWTR, CAG, UBS, CBS, CAT & more

Some of the names on the move ahead of the open.

11. Twitter Is Said to Be in Continued Talks With Salesforce

The company tries to forge ahead despite a constantly shifting chess match of deal discussions and considerations.

12. Exclusive: Russia’s Rosneft boss Sechin says no to OPEC oil cap

Igor Sechin, Russia’s most influential oil executive and the head of state-controlled energy giant Rosneft (ROSN.MM), said his company will not cap oil production as part of a possible agreement with OPEC.

13. Shire said to edge closer to Radius deal – sources

Still, well-placed City sources have told little old Betaville that the London-listed company had now lined up financing from several banks, including Royal Bank of Canada and Morgan Stanley, for the potential acquisition after Radius began working with Bank of America Merrill Lynch to pursue “strategic options” (banker parlance for sale).

14. IEA Head Sees $60 Oil Prompting Surge in North American Output

Crude prices of $60 a barrel would probably trigger a strong increase in North American oil production while trimming global demand growth, the head of the International Energy Agency said.

Technology News

1. Out of an abundance of caution for our customers, @TMobile is halting sales & exchanges of the new Note7. Details:

2. This is now a full-blown crisis for Samsung. Serious questions over its obligation to protect public

3. Hmm. I wonder if we will soon see a quarter when one phone maker captures 100% of the profit in the industry.

4. “World Economic Forum is setting up a tech-focused hub in San Francisco”-> amount of bullshit in Bay Area to double

5. Facebook unlocks a huge monetization opportunties it’s been saving

6. The government can’t even effectively clone Uber

7. Just when you thought Yahoo management couldn’t get any more myopic and boneheaded.

8. And so begins the begrudging progression of “admin:password” to fleeting obfuscation to proprietary PKI to OCSP 🔑 🔒

9. In a few months, Samsung destroyed the “Galaxy” brand it built over a decade. Case study: How not to do crisis mgmt.

PRE-MARKET | October 11, 2016 | $TWLO, $AAPL, $SPY, $TWTR, $YUM, $TSLA, $AA,

PRE-MARKET MOVERS

UPGRADES

DOWNGRADES

EARNINGS

Trending Social Alerts

Trending News Headlines

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