PRE-MARKET | October 18, 2016 | $NFLX, $GS, $IBM, $GOOGL, $AMZN, $DIA, $SPY, $ES_F, $TSLA, $GPRO, $WWW, $TTS, $UNH, $JNJ

by Alpha | Oct 18, 2016 | Pre-Market

PRE-MARKET MOVERS

1. NFLX:

$NFLX Netflix subscriptions boom around world, shares jump 20 percent – Reuters

2. RECN:

$RECN Resources Connection Plans 6M Share Modified Dutch Auction Tender at $13.50-$16 – SI

3. TACO:

$TACO Del Taco beats earnings, narrows revenue forecast – CNBC

4. MDCO:

$MDCO The Medicines Company Announces Positive Top-Line Results from ORION-1 Ph 2 Study of PCSK9si – BW

5. ACUR, KMPH:

$ACUR KemPharm $KMPH, Acura Pharma Enter Aversion Tech Licensing Agreement – Street Insider

6. ERJ:

$ERJ Cowen Upgrades Embraer to Outperform

7. CXW:

$CXW Corrections Corp. Stock Climbs in After-Hours Trading on 2017 Outlook – TheStreet

8. HL:

$HL Hecla Mining Updates on Q3 Production Results; Silver Rose 67%, Gold up 20% – Street Insider

9. DPZ:

$DPZ Domino’s Pizza Q3 Earnings Beat As U.S. Comp Sales Jump 13% – IBD

10. GPOR:

$GPOR Goldman Sachs Upgrades Gulfport Energy to Buy

11. TSLA:

$TSLA Piper Jaffray Upgrades Tenaris S.A. to Overweight, $33 PT

12. UNH:

$UNH UnitedHealth Boosts Forecast as It Puts Obamacare Woes in Past – BBG

13. AZN:

$AZN FDA accepts AstraZeneca’s new Hyperkalaemia drug application for review – Reuters

14. SCHW:

$SCHW UPDATE: SunTrust Reiterates ‘Hold’ Rating on Charles Schwab , $33 PT

15. ABT, STJ:

$STJ Abbott $ABT, St. Jude Announce $1.12B Sale of Vascular Closure, Electrophysiology Biz to Terumo

16. GS:

$GS Goldman Sachs Profit Climbs as Trading Revenue Surges – WSJ

17. PKG:

$PKG BofA/Merrill Lynch Upgrades Packaging Corp. of America to Buy, $92 PT

18. PYPL:

$PYPL Evercore ISI Assumes PayPal at Buy

19. CRM:

$CRM is Initiated by Rosenblatt to Buy, Price Target at $90

20. PFE:

$PFE Pfizer Plans to Launch Remicade Biosimilar in November – WSJ

21. VZ, YHOO:

$YHOO Needham & Company Downgrades Yahoo! to Hold

22. CCK:

$CCK Crown Holdings Added to U.S. 1 List at BofA

23. PM:

$PM Philip Morris Profit Tops Estimates, Helped by Higher Prices – BBG

24. UA:

$UA Under Armour reportedly will replace Majestic as MLB on-field jersey providers – CBS

25. ALK, VA:

$VA Justice Department in talks with Alaska Air $ALK on Virgin deal: sources – Reuters

26. GWW: $GWW Grainger Beats Q3 Earnings While Sales Lag – Zacks

27. DEPO: $DEPO Depomed to Add Starboard Nominees, Ending Dispute Over Board – WSJ

28. BUD, MO: $MO Altria becomes major shareholder in Anheuser-Busch $BUD, triples share buyback program

29. UAL: $UAL United Continental Revenue Declines on Passenger Fare Weakness – WSJ

30. BLK: $BLK BlackRock Profit Jumps 3.8% to $875 Million on Expense Cuts – BBG

31. CE: $CE Celanese shares rise after earnings top Street view – MarketWatch

32. OMC:

$OMC Omnicom earnings edge above estimates – MarketWatch

33. JNJ:

$JNJ Johnson & Johnson Again Buoyed by Pharmaceuticals – WSJ

34. BMI:

$BMI Badger Meter profit improves despite lower sales – Milwaukee Biz Journal

35. KSU:

$KSU Kansas City Southern third-quarter profit falls – Reuters

36. HOG:

$HOG Harley-Davidson revenue tops estimates, to cut costs in fourth quarter – MarketWatch

37. AYA:

$AYA William Hill walks away from merger talks with Amaya – FT

38. V:

$V Visa CEO Charles Scharf to resign, ex-AmEx president to take over – Reuters

39. FLOW:

$FLOW SPX Flow Lowers Q3 Outlook – Steet Insider

40. NKTR:

$NKTR Nektar Therapeutics Announces $175M Common Stock Offering – Street Insider

41. IBM:

$IBM IBM Slips Despite Q3 Earnings Beat; Reiterates Year Profit View – Barron’s

UPGRADES

1. CUZ:UPDATE: Stifel Upgrades Cousins Properties $CUZ to Hold

2. CY, INTC:Intel upgraded to Overweight from Equal Weight at Barclays $INTC $CY: Full Story

3. ERJ:$ERJ Cowen Upgrades Embraer to Outperform

4. GPOR:$GPOR Goldman Sachs Upgrades Gulfport Energy to Buy

5. INTC:Barclays Upgrades Intel $INTC to Overweight

6. PKG:$PKG BofA/Merrill Lynch Upgrades Packaging Corp. of America to Buy, $92 PT

7. PLD:Evercore ISI Upgrades ProLogis $PLD to Buy

8. SWN:Southwestern Energy was Upgraded to a Buy Rating at KLR Group $SWN

9. TS:Piper Jaffray Upgrades Tenaris S.A. $TS to Overweight

10. TSLA:$TSLA Piper Jaffray Upgrades Tenaris S.A. to Overweight, $33 PT

11. TXRH:Texas Roadhouse upgraded to buy from hold at Maxim. Price target $48. $TXRH 10/17 close: 38.05 #stocks

12. WRI:Boenning & Scattergood Upgrades Weingarten $WRI to Neutral

DOWNGRADES

1. CMG:$CMG downgraded to Underperform at Raymond James, maintains Outperform rating at RBC Capital – PT CuT $465 from $485

2. CRZO:Goldman Sachs Downgrades Carrizo Oil & Gas $CRZO to Neutral

3. JPM:Buckingham Downgrades JP Morgan Chase to Hold $JPM

4. LII:UBS Downgrades Lennox International $LII to Neutral

5. PRU:Prudential downgraded ahead of earnings

6. VZ, YHOO:$YHOO Needham & Company Downgrades Yahoo! to Hold

7. YHOO:$YHOO downgraded to Hold at Needham

EARNINGS

1. UNH:$UNH reports FQ3 earnings of $2.17 EPS and $46.29B Revs –

2. BLK:$BLK reports FQ3 earnings of $5.14 EPS and $2.84B Revs –

3. WWW:$WWW reports FQ3 earnings of 49c EPS and $603.70M Revs –

4. WWW:$WWW reports inline with the Estimize EPS Consensus and misses the Estimize Revenue Consensus by $27.85M –

5. JNJ:$JNJ reports FQ3 earnings of $1.68 EPS and $17.82B Revs –

6. OMC:$OMC reports FQ3 earnings of $1.06 EPS and $3.79B Revs –

7. SCL:$SCL reports FQ3 earnings of $1.06 EPS and $445.03M Revs –

8. HOG:$HOG reports FQ3 earnings of 64c EPS and $1.09B Revs –

9. PM:$PM reports FQ3 earnings of $1.25 EPS and $6.98B Revs –

10. DPZ:$DPZ reports FQ3 earnings of 96c EPS and $566.68M Revs –

11. GWW:$GWW reports FQ3 earnings of $3.06 EPS and $2.60B Revs –

12. GS:$GS reports FQ3 earnings of $4.88 EPS and $8.17B Revs –

13. KSU:$KSU reports FQ3 earnings of $1.12 EPS and $604.50M Revs –

14. TTS:$TTS reports FQ3 earnings of 10c EPS and $78.56M Revs –

15. TTS:$TTS reports inline with the Estimize EPS Consensus and misses the Estimize Revenue Consensus by $0.70M –

Trending Social Alerts

1. NFLX:Chuckle of the morning: Wedbush, always bearish on $NFLX, raising its target from $50 to $60. @CNBC

2. DPZ:Domino’s Pizza Reports Q3 EPS $0.96 vs $0.89 Est., Sales $566.7M vs $542M Est. $DPZ

3. BLK:$BLK BlackRock Q3 16 Earnings Results: -Adj EPS: $5.14 -Revenue: $2.84B

4. JNJ:#JOHNSONandJOHNSON Q3 sales beats Wall St. forecast by 0.6% at $17.82bn, EPS 1.8% above fcast at $1.68 $JNJ

5. MDCO:$MDCO

6. GS:#BREAKING: Goldman Sachs $GS Q3 Earnings Per Share , $4.88 vs. $3.79 expected

7. OAS:Take another hit – $OAS shares up pre-market

8. PM:$PM Philip Morris Q3 16 Earnings Results: -Adj EPS: $1.25 -Revenue: $6.98B

9. CMG:Chipotle’s Lost Sales Could Be Permanent; Raymond James Downgrades To Underperform $CMG

10. GLPG:$CELG GED-0301 only 15% responder rate for >50% cutoff, i.e. probably worse than placebo in $GLPG filgotinib trial…

11. TACO:$TACO Del Taco beats earnings, narrows revenue forecast – CNBC

12. STJ:$STJ St. Jude Medical, FDA And Top Pediatric Cardiology Experts Announce New Clinical Trial To Treat Congenital Heart Defects -Dow Jones

Trending News Headlines

1. UnitedHealth Boosts Forecast as It Puts Obamacare Woes in Past

UnitedHealth Group Inc. boosted its full-year profit forecast, as its health insurance and consulting businesses both recorded strong results following the company’s retreat from Obamacare, announced earlier this year.

2. The Medicines Company Announces Positive Top-Line Results from Day 90 Interim Analysis in Ongoing ORION-1 Phase 2 Study of PCSK9si

The Medicines Company today announced top-line results from the interim analysis with Day 90 follow-up for all 501 patients enrolled in the ongoing ORION-1 study of PCSK9si, its investigational first-in-class PCSK9 synthesis inhibitor.

3. Goldman Sachs Profit Climbs as Trading Revenue Surges

Goldman Sachs said its quarterly earnings rose 47% as the firm continues to rebound from a slow start to the year. Results beat expectations, pushing shares up premarket.

4. George Pearkes on Twitter

“Good lord. $DPZ”

5. Philip Morris Profit Tops Estimates, Helped by Higher Prices

Philip Morris International, the world’s largest publicly traded tobacco company, posted third-quarter profit that beat analysts’ estimates as higher cigarette prices boosted revenue.

6. Goldman Sachs earnings: $4.88 a share vs. expected EPS of $3.82

Analysts had expected Goldman Sachs to report third-quarter earnings per share of $3.82 on revenue of $7.42 billion, according to a consensus estimate from Thomson Reuters.

7. Goldman Sachs Profit Climbs as Trading Revenue Surges

Goldman Sachs said its quarterly earnings rose as the firm continues to rebound from a slow start to the year.

8. The Medicines Company Announces Positive Top-Line Results from Day 90 Interim Analysis in Ongoing ORION-1 Phase 2 Study of PCSK9si

The Medicines Company today announced top-line results from the interim analysis with Day 90 follow-up for all 501 patients enrolled in the ongoing ORION-1 study of PCSK9si, its investigational first-in-class PCSK9 synthesis inhibitor.

9. China Corporate Debt Window ‘Closing Quickly,’ IMF Paper Says

China urgently needs a plan to address a build up of corporate debt that is manageable but with a window to address it “closing quickly,” said an International Monetary Fund working paper.

10. Disney Dropped Twitter Pursuit Partly Over Image

Walt Disney Co. decided not to pursue a bid for Twitter Inc. partly out of concern that bullying and other uncivil forms of communication on the social media site might soil the company’s wholesome family image, according to people familiar with management’s thinking.

Technology News

1. Officials: Mass surveillance is legal. Courts: No. Even post-2013, “bulk collection” violated human rights (ECHR).

2. Excited about joining Apple as a director of AI research in addition to my work at CMU. Apply to work with my team

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

4. Introducing #Snapdragon X50, our first #5G modem.

5. only in the tech industry would a right-wing white male billionaire supporting Trump be touted as “diversity”

6. Problem isn’t just tech: it’s business model. Future is services, not products

7. Razer acquires THX, the audio pioneer that George Lucas started

8. 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

9. One man vs. Facebook: A case of how much a company can dictate what you do with your data online.

10. Netflix cites Narcos, Stranger Things for better subscriber growth. Shares surge 17%.

Today’s Economic Calendar
8:30 Consumer Price Index
8:55 Redbook Chain Store Sales
10:00 NAHB Housing Market Index
4:00 PM Treasury International Capital

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