PRE-MARKET | October 17, 2016 | $TSLA, $DB, $AAPL, $SPX, $CAT, $NFLX, $PYPL, $HAS, $BAC,

PRE-MARKET MOVERS

1. QSII: $QSII Quality Systems said to hire UBS to explore sale – DealReporter

2. GRPN:  $GRPN Wedbush Expects Upside Surprise from Groupon in Q3, Raises Rating to ‘Outperform’, $6.50 PT

3. SVU:  $SVU Supervalu to Sell Save-A-Lot to Onex for $1.37 Billion in Cash – BBG

4. ELOS:  $ELOS Syneron Medical strengthens senior management and reports preliminary Q3 revenue – reuters

5. HAS:  $HAS Hasbro revenue, profit beat as Disney Princess dolls dazzle – Reuters

6. AMD:  $AMD Oppenheimer Upgrades AMD to Perform

7. BAC:  $BAC Bank of America profit rises on bond trading, cost cuts – Reuters

8. WBA:  $WBA Jefferies Assumes, Upgrades Walgreens Boosts Alliance to Buy, $95 PT

9. TSLA:  $TSLA Tesla’s Musk Deepens Panasonic Ties With Solar Parts Deal – BBG

10. DB:  $DB Deutsche Bank Reported to Mull Partial U.S. Retreat to Cut Costs – BBG

11. TDG:  $TDG TransDigm Group Declares a Special Cash Dividend of $24.00 Per Share – PRNewswire

12. LII:  $LII Lennox International Inc Q3 Earnings Rise 22% – RTT

13. AAPL, TSLA:  $AAPL How Apple Scaled Back its Titanic Plan to Take on Detroit – BBG $TSLA

19. REGN, TEVA: $REGN Teva Pharma $TEVA, Regeneron Announce FDA Clinical Hold Placed on Fasinumab Phase 2b – SI

20. BCS:  $BCS UK prosecutors question Barclays executives for Libor probe – FT

21. NFLX:  $NFLX Netflix Isn’t Headed Toward a Happy Ending – WSJ

22. WHR:  $WHR MKM Partners Downgrades Whirlpool Corporation to Neutral, $176 PT

23. ANTM:  $ANTM JPMorgan Downgrades Anthem to Neutral, $132 PT

24. FCX:  $FCX BofA/Merrill Lynch Reinstated Freeport-McMoRan at Underperform, $8 PT

25. WDR:  $WDR Citi Downgrades Waddell & Reed to Sell

26. CORR:  $CORR RBC Capital Downgrades CorEnergy Infrastructure Trust to Underperform, $23 PT

27. JBHT:  $JBHT J.B. Hunt Earnings Fall Amid Weak Demand – WSJ

28. P:  $P BofA/Merrill Lynch Downgrades Pandora to Underperform, $9 PT

29. BCEI:  $BCEI Bonanza Creek Energy Will Skip Interest Payment on 2021 Notes – Street Insider

30. SGYP:  $SGYP Barclays Downgrades Stone Energy to Underweight, $3 PT

31. SGY:  $SGY Barclays Downgrades Stone Energy to Underweight, $3 PT

UPGRADES

DOWNGRADES

EARNINGS

1. HAS:$HAS reports FQ3 earnings of $2.03 EPS and $1.68B Revs –

2. BAC:$BAC reports FQ3 earnings of 41c EPS and $21.64B Revs –

3. JBHT:$JBHT reports FQ3 earnings of 97c EPS and $1.69B Revs –

4. LII:$LII reports FQ3 earnings of $2.33 EPS and $1.01B Revs –

5. SCHW:$SCHW reports FQ3 earnings of 35c EPS and $1.91B Revs –

Trending Social Alerts

Trending News Headlines

Apple Inc. has drastically scaled back its automotive ambitions, leading to hundreds of job cuts and a new direction that, for now, no longer includes building its own car, according to people familiar with the project.

Supervalu Inc. agreed to sell its Save-A-Lot grocery business to Canada’s Onex Corp. for $1.37 billion in cash, offloading a discount chain at a time of heavy price competition in the U.S.

Bank of America Corp (BAC.N), the second-largest U.S. bank by assets, reported its first rise in profit in three quarters on Monday, boosted by strong results from bond trading.

Morrie Low, a 27-year-old Seattle cocktail server, has found an unlikely new source of pleasure: credit card companies.

“FDA to $PTCT: stop wasting our time.”

Shares of Whole Foods have plunged about 15% so far this year, lagging the S&P 500’s 3.5% gain.

Iran’s deputy oil minister said on Monday that the OPEC’s primary agreement in Algeria to limit oil output at 32.5 million barrels per day was a small step but in right direction.

Credit Suisse analyst Stephen Ju previewed Alphabet’s (NASDAQ: GOOGL) (NASDAQ: GOOG) Q3 and raised his price target on price target of $1,070.00 (from $940.00) as they roll…

For close to a decade, Tom Daniel and George Golumbeski comprised perhaps one of the best-known dealmaking duos in biopharma, striking a slew of alliances

Investors had reduced expectations for Celgene’s CELG experimental pill for Crohn’s disease, which makes the new clinical data released Sunday night look alright, although doubts will persist.

“EARNINGS: Bank of America Q3 EPS $0.41 vs. $0.34 Est.; Q3 Revs. $21.635B vs. $20.965B Est. • $BAC”

Technology News

1. Meet the man who stood up to Facebook and has become the unlikely protagonist in a battle for your rights online.

2. Hey @paulg, has Thiel now invested more in a Trump presidency than YC companies?

3. can’t wait to see the gymnastics facebook attempts to get out of this one

4. I was personally targetted by similar methods both as foreign minister and as Speaker.

5. Excellent piece on APT 28 by @sheeraf. Must read for technologists and policy folks alike.

6. Netflix crushes border hoppers: Get used to your Canada-only library

7. YCombinator partner and Facebook board member Peter Thiel is donating an additional 1.25M to Trump. /cc @dhh.

8. Thiel could have used Trump’s sexual abuse scandals to quietly back away, instead he doubles down

9. EU tech funding down 17% in Q3. UK still top with €797m but well down from pre Brexit levels of €1.2bn in Q3 2015

10. Apparently the DNC emails were hacked with a simple ‘reset your password’ phishing operation