PRE-MARKET MOVERS

 

UPGRADES

1. ABUS:$ABUS upgraded to Neutral from Sell at Chardan. PT $3
4. DPZ:$DPZ upgraded to buy at Bank of America
8. NTDOY:$NTDOY upgraded to Buy at Nomura
11. UA:$UA upgraded to Overweight at Piper Jaffray
14. ZUMZ:$ZUMZ upgraded to Overweight at Piper Jaffray

 

DOWNGRADES

9. SAM:$SAM downgraded to Sell at Berenberg

 

EARNINGS

 

Trending Social Alerts

1. WFC:$WFC Wells Fargo & Co Q3 16 Earnings Results: -EPS: $1.03 -Revenue: $22.3B
2. JPM:JP Morgan Q3 EPS $1.58 vs $1.39 est, Q3 Revenue $25.5B vs $24.0B est $JPM
3. C:$C Citigroup Inc Q3 16 Earnings Results: -Adj EPS: $1.24 -Adj Revenue: $17.8B
4. XXII:$XXII raises $11.4m at $1.34 with warrants at $1.45
5. BMY:$BMY Receives Positive CHMP Opinion for Opdivo for the Treatment of Adult Patients With Relapsed or Refractory Classical Hodgkin Lymphoma
7. TGTX:@BioStocks FBR $TGTX Reiterate OP While Lowering PT to $24 from $27 on TGTX Amending GENUINE Phase III Trial &LADEN…
9. BIOC:$BIOC prices 9M offering @ $1.10, with 100% warrant coverage… doubles the amount of outstanding shares

 

Trending News Headlines

1. European Medicines Agency – News and Events – Meeting highlights from the Committee for Medicinal Products for Human Use (CHMP) 10-13 October 2016

An agency of the European Union

2. AMD Reaches Deal With Alibaba to Use Chips in Cloud Service

Advanced Micro Devices Inc., struggling to re-establish its data center chip business, said Alibaba Group Holding Ltd. plans to provide cloud-computing services based on its graphics semiconductors.

3. Deutsche Bank’s Top Investor, Qatar, Is Getting Worried About the Lender’s Outlook

Deutsche Bank’s biggest shareholders, investment vehicles controlled by the Qatari royal family, have recently expressed concern about the threat of legal fines against the lender.

4. Deutsche Bank’s Top Investor, Qatar, Is Getting Worried About the Lender’s Outlook

Deutsche Bank’s biggest shareholders, investment vehicles controlled by the Qatari royal family, have recently expressed concern about the threat of legal fines against the lender.

5. Deutsche Bank considers thousands more job cuts: Report

Deutsche Bank’s finance chief told staff last month that job cuts at the bank could be double that planned, a source told Reuters.

6. Citigroup’s Revenue and Profit Fall, But Still Top Expectations

Citigroup said Friday that third-quarter profit and revenue were down, but results were still better than what analysts had predicted.

7. Wells Fargo Profit Slips as Bank Battles to Restore Reputation

Wells Fargo said its third-quarter profit fell as the nation’s third-largest bank continues to battle outrage over a sales-tactics scandal that led to the departure of CEO John Stumpf this week.

8. Citigroup earnings: $1.24 per share, vs. expected EPS of $1.16

Analysts are looking for Citigroup to report earnings of about $1.16 a share on $17.36 billion in revenue.

9. Monster Beverage (MNST) Declares 3-for-1 Stock Split

Monster Beverage Corporation (NASDAQ: MNST) announced that its Board of Directors has approved a 3-for-1 split of its common stock which will be effected in the form of a 200%…

10. Exclusive: Deutsche Bank considers thousands more job cuts – source

Deutsche Bank’s finance chief told staff representatives last month that job cuts at the bank could be double that planned, a step that could remove 10,000 further employees, a person with direct knowledge of the matter told Reuters.

11. LIVE: Wells Fargo reports first earnings since accounts scandal

Wells Fargo expects earnings per share of $1.01.

12. Hershey Foods (HSY) CEO John Bilbrey to Retire Next Year; Reaffirms Outlook

The Hershey Company (NYSE: HSY) today announced that John P. Bilbrey, Chairman, President and Chief Executive Officer, intends to retire from the company July 1, 2017. Bilbrey will continue as…

13. J.P. Morgan’s Results Beat Estimates, Propelled by Investment Bank

J.P. Morgan said a record third quarter for its investment-bank helped propel profit far above expectations. Shares rose 1.5% premarket.

Technology News


Today's Economic Calendar
8:30 Producer Price Index
8:30 Retail Sales
8:30 Fed's Rosengren: "The Elusive Recovery"
10:00 Business Inventories
10:00 Consumer Sentiment
12:30 PM Janet Yellen speech
1:00 PM Baker-Hughes Rig Count
2:00 PM Treasury Budget

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