Pre-Market Updates | October 19, 2016 | $HAL, $NFLX, $GOOGL, $TWLO, $MS, $YHOO, $CS, $SBUX, $AAPL, $WFC, $ISRG

PRE-MARKET MOVERS

1. CERU: $CERU Cerulean: $20M Firm Commitment At-The-Market Stock Purchase Agreement with Aspire Capital Fund

2. AMRN:  $AMRN Citi Starts Amarin Corporation at Buy, $5 PT

3. GNC:  $GNC Company has met with a range of Chinese buyers to gauge interest in potential buyout – WSJ

4. CRMT:  $CRMT BofA/Merrill Lynch Upgrades America’s Car-Mart to Buy , $44 PT

5. DATA:  $DATA Leaked Colin Powell email shows Salesforce’s interest in buying Tableau Software – GeekWire

6. OAS:  $OAS CapitalOne Upgrades Oasis Petroleum to Overweight, $20 PT

7. IAG:  $IAG Canaccord Genuity Upgrades IAMGOLD to Buy, C$8 PT

8. ASML:  $ASML ASML Forecasts Higher Profit Margins, Says EUV Sales Advance – BBG

9. CRM, DATA, NOW:  $NOW Salesforce’s $CRM M&A Target List Excluded Twitter – WSJ

10. MS:  $MS Morgan Stanley Beats Estimates on Surge in Bond-Trading Revenue – BBG

11. HAL:  $HAL Halliburton Swings to Profit as Explorers Get Back to Work – BBG

12. YHOO:  $YHOO Yahoo! Rising: Q3 Rev Misses, EPS Beats; Display Down 7% – barrons

13. CS:  $CS Credit Suisse agrees to $110 million deal to settle Italy tax case: source – Reuters

14. QUNR:  $QUNR Qunar Enters into Definitive Merger Agreement for Going Private Transaction – GlobeNewswire

15. SBUX:  $SBUX Starbucks Plans to Double Number of Locations in China by 2021 – BBG

16. WFC:  $WFC Massachusetts latest to bar Wells Fargo as underwriter – Reuters

17. AAPL:  $AAPL Apple Supplier Laird Plunges on ‘Brutal’ Price Competition – BBG

21. RAI: $RAI Reynolds’ Q3 Earnings, Sales Miss Estimates, Narrows FY View – Zacks

22. Q:  $Q Jefferies Downgrades Quintiles to Hold, $79 PT

23. STJ:  $STJ St. Jude Medical Q3 earnings per share $0.73 – Reuters

24. CPS:  $CPS Jefferies Downgrades Cooper-Standard Holdings Inc. to Hold, $105 PT

25. ISRG:  $ISRG Intuitive Surgical profit rises 26% – MarketWatch

26. ABT:  $ABT Abbott’s third-quarter revenue rises nearly 3 percent – Reuters

27. PBYI:  $PBYI Puma Biotechnology Stock Down in After-Hours Trading on Public Offering – TheStreet

28. SNSS:  $SNSS Sunesis Pharmaceuticals to Offer Common Stock – Street Insider

29. INTC:  $INTC Intel’s Earnings Rise, but Sales Outlook Disappoints – WSJ

30. KR, RAD, WBA:  $RAD Kroger $KR may not buy Walgreens-Rite Aid $WBA stores: sources – NYPost

31. VIVO:  $VIVO Meridian Bioscience Prelim. FY16 Results Miss Targets; Issues Light FY17 Outlook – Street Insider

32. CREE:  $CREE Cree Inc. Is Dropping After Q1 Revenues Fell Short – RTT

33. IMPV:  $IMPV Imperva’s Sale Process Said on Hold – Bloomberg

UPGRADES

DOWNGRADES

1. BABY:$BABY reports FQ3 earnings of 39c EPS and $90.91M Revs –

2. BABY:$BABY reports inline with the Estimize EPS Consensus and misses the Estimize Revenue Consensus by $0.83M –

3. DOV:$DOV reports FQ3 earnings of 83c EPS and $1.71B Revs –

4. SVU:$SVU reports FQ2 earnings of 10c EPS and $3.87B Revs –

5. USB:$USB reports FQ3 earnings of 84c EPS and $5.39B Revs –

6. MS:$MS reports FQ3 earnings of 81c EPS and $8.91B Revs –

7. TUP:$TUP reports FQ3 earnings of 87c EPS and $521.80M Revs –

8. RAI:$RAI reports FQ3 earnings of 61c EPS and $3.21B Revs –

9. HAL:$HAL reports FQ3 earnings of 1c EPS and $3.83B Revs –

10. STJ:$STJ reports FQ3 earnings of 99c EPS and $1.50B Revs –

11. NTRS:$NTRS reports FQ3 earnings of $1.08 EPS and $1.21B Revs –

12. NTRS:$NTRS reports inline with the Estimize EPS Consensus and misses the Estimize Revenue Consensus by $24.78M –

13. ABT:$ABT reports FQ3 earnings of 59c EPS and $5.30B Revs –

14. ABT:$ABT reports inline with the Estimize EPS Consensus and misses the Estimize Revenue Consensus by $36.57M –

15. APH:$APH reports FQ3 earnings of 73c EPS and $1.64B Revs –

16. STX:$STX reports FQ1 earnings of 99c EPS and $2.80B Revs –

17. UNF:$UNF reports FQ4 earnings of $1.27 EPS and $363.77M Revs –

18. CP:$CP reports FQ3 earnings of $2.10 EPS and $1.20B Revs –

19. GPC:$GPC reports FQ3 earnings of $1.24 EPS and $3.94B Revs –

20. ASML:$ASML reports FQ3 earnings of $1.02 EPS and $2B Revs –

Trending Social Alerts

Trending News Headlines

Celgene is not some dinky micro-cap biotech lacking the resources or knowledge to conduct a rigorous clinical trial, so omitting a placebo arm from the GED-0301 study is inexcusable.

Abbott Laboratories (ABT.N), which is in the process of acquiring St. Jude Medical Inc (STJ.N), reported a nearly 3 percent rise in quarterly sales, fueled by strength in its generic drug and medical device businesses.

Months before Salesforce considered buying Twitter, the company was looking at more than a dozen acquisition targets that didn’t include the social-media giant, according to a leaked internal presentation for its board members.

“Despite Promising Early Data, The New Cholesterol Lowering Drug – PCSK9si – Has Significant Hurdles

Morgan Stanley reported a 57 percent increase in third-quarter profit as fixed-income trading revenue almost tripled, the biggest surge for that business on Wall Street.

Morgan Stanley (NYSE: MS) today reported net revenues of $8.9 billion for the third quarter ended September 30, 2016 compared with $7.8 billion a year

U.S. Bancorp (NYSE: USB) today reported net income of $1,502 million for the third quarter of 2016, or $0.84 per diluted common share, compared with $

The European Commission believes it is unlikely that negotiations with the United States over a free trade deal will be completed under the current U.S. administration, a Commission source told Reuters on the condition of anonymity on Wednesday.

Four New Clinical Programs Unveiled to Drive Long-Term Growth T cells 2.0 Next Generation Programming to Realize Full Potential of Cell Therapy …

St. Jude Medical Inc –

In response to questions if the company is for sale after showing up on salesforce.com’s (NYSE: CRM) hacked…

Credit Suisse CNGN.S has agreed in principle to pay about 100 million euros ($110 million) to settle its tax position in Italy in a case involving allegations it helped clients transfer undeclared funds offshore, a source with direct knowledge of the matter said on Tuesday.

Starbucks Corp (SBUX.O) on Wednesday named its first chief executive officer for China and said it plans to more than double its store count in that country to 5,000 by 2021.

One junk-bond trader at Goldman Sachs earned more than $100 million in trading profits earlier this year, an unusual gain at a time when new regulations have forced Wall Street to take fewer risks.

Morgan Stanley joined its Wall Street peers in the third quarter by easily topping profit expectations.

Technology News

Today’s Economic Calendar
7:00 MBA Mortgage Applications
8:30 Housing Starts
10:00 Atlanta Fed’s Business Inflation Expectations
10:30 EIA Petroleum Inventories
2:00 PM Fed’s Beige Book

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