by Alpha | Oct 20, 2016 | Pre-Market
PRE-MARKET MOVERS
UPGRADES
DOWNGRADES
EARNINGS
Trending Social Alerts
1. VZ:Verizon Reports Q3 EPS $1.01 vs. Est. $0.99, Rev. $30.9B vs. Est. $31.09B $VZ
3. WBA:Walgreens Boots Alliance Reports Q4 Adj. EPS $1.07 vs $0.99 Est., Sales $28.6B vs $29.1B Est. $WBA
6. ONVO:$ONVO prices 9m shares at 2.75/share
Trending News Headlines
1. Puma Bio’s desperate money grab signals breast cancer drug trouble
Puma CEO Alan Auerbach wanted the cash desperately, regardless of Puma’s stock price. Get the deal done, even if you have to sell it to the shorts.
2. Snoopy Has Been Fired by MetLife
MetLife decided earlier this year to part with most of its U.S. life-insurance business. Now it is cutting ties with Snoopy.
3. European Central Bank Leaves Rates on Hold
The European Central Bank kept all of its key interest rates unchanged, matching expectations that its policy would remain in a holding pattern as inflation gradually picks up in the currency bloc.
4. Draghi Keeping Up Suspense on Future of ECB Stimulus Plan
Instead of expanding stimulus just now, Mario Draghi might settle for keeping up the suspense surrounding it.
5. Puma Biotechnology Prices Public Offering of Common Stock | Business Wire
Puma Biotechnology announced the pricing on its proposed common stock offering.
Technology News
Today’s Economic Calendar
8:30 Initial Jobless Claims
8:30 Philly Fed Business Outlook
9:45 Bloomberg Consumer Comfort Index
10:00 Leading Indicators
10:00 Existing Home Sales
10:30 EIA Natural Gas Inventory
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
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by Alpha | Oct 19, 2016 | Pre-Market
PRE-MARKET MOVERS
UPGRADES
1. COST:$COST upgraded to Buy at Northcoast Research.
6. SQ:is it Dorsey’s birthday? $SQ initiated at csfb and upgraded at loop
7. TWTR:$TWTR upgraded to Hold at Loop Capital – PT $16
DOWNGRADES
4. WFC:$WFC downgraded to Market Perform at FBR Capital
EARNINGS
Trending Social Alerts
1. MS:Morgan Stanley Q3 EPS $0.81 vs $0.63 est, Revenue $8.91B vs $8.16B est. $MS
2. INTC:Can Intel transition itself into a true 21st century tech leader? $INTC down 5% #premarket after guidance fails to impress.
3. STJ:MW is releasing new $STJ videos today. Stay tuned… $ABT
4. CERU:$CERU $20 Million Firm Commitment At-The-Market Stock Purchase Agreement with Aspire Capital. 800K shares at $1.25/share
6. HAL:Halliburton Q3 EPS $0.01 vs $ est, Revenue $3.8B vs $3.9B est. $HAL
8. USB:US Bancorp Q3 EPS $0.84 vs $0.84 est, Revenue $5.38B vs $5.35B est $USB
Trending News Headlines
1. Celgene skips the placebo, fails drug development 101
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.
2. Abbott’s third-quarter revenue rises nearly 3 percent
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.
3. Salesforce’s M&A Target List Excluded Twitter
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.
4. John LaMattina on Twitter
“Despite Promising Early Data, The New Cholesterol Lowering Drug – PCSK9si – Has Significant Hurdles
5. Morgan Stanley Beats Estimates on Surge in Bond-Trading Revenue
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.
6. Morgan Stanley Reports Third Quarter 2016: | Business Wire
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
7. U.S. Bancorp Reports Third Quarter 2016 Earnings | Business Wire
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 $
8. EU believes free trade deal with U.S. won’t be completed this year: source
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.
9. Kite Pharma Details KTE-C19 Launch Preparedness and Near-Term, Next Generation CAR/TCR Product Candidates at Investor Day (NASDAQ:KITE)
Four New Clinical Programs Unveiled to Drive Long-Term Growth T cells 2.0 Next Generation Programming to Realize Full Potential of Cell Therapy …
10. BRIEF-St. Jude Medical Q3 earnings per share $0.73
St. Jude Medical Inc –
11. Tableau Software (DATA) Won’t Comment on Sale Rumors After Leak
In response to questions if the company is for sale after showing up on salesforce.com’s (NYSE: CRM) hacked…
12. Credit Suisse agrees to $110 million deal to settle Italy tax case: source
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.
13. Starbucks names China CEO, sees 5,000 stores there by 2021
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.
14. How One Goldman Sachs Trader Made More Than $100 Million
One junk-bond trader at Goldman Sachs earned more than $100 million in trading profits earlier this year, an unusual gain at a time when new regulations have forced Wall Street to take fewer risks.
15. Morgan Stanley earnings: 81 cents per share, vs expected EPS of 63 cents
Morgan Stanley joined its Wall Street peers in the third quarter by easily topping profit expectations.
Technology News
Today’s Economic Calendar
7:00 MBA Mortgage Applications
8:30 Housing Starts
10:00 Atlanta Fed’s Business Inflation Expectations
10:30 EIA Petroleum Inventories
2:00 PM Fed’s Beige Book
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by Alpha | Oct 18, 2016 | Pre-Market
PRE-MARKET MOVERS
UPGRADES
DOWNGRADES
1. CMG:$CMG downgraded to Underperform at Raymond James, maintains Outperform rating at RBC Capital – PT CuT $465 from $485
7. YHOO:$YHOO downgraded to Hold at Needham
EARNINGS
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
6. GS:#BREAKING: Goldman Sachs $GS Q3 Earnings Per Share , $4.88 vs. $3.79 expected
8. PM:$PM Philip Morris Q3 16 Earnings Results: -Adj EPS: $1.25 -Revenue: $6.98B
10. GLPG:$CELG GED-0301 only 15% responder rate for >50% cutoff, i.e. probably worse than placebo in $GLPG filgotinib trial…
12. STJ:$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
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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by Alpha | Oct 17, 2016 | Pre-Market
PRE-MARKET MOVERS
UPGRADES
7. NEM, OGC:Barclays upgrades Newmont Mining $NEM and OceanaGold Corp $OGC to Overweight,”both offering attractive sets of nt strategic & op. catalysts”
DOWNGRADES
6. DNKN:$DNKN downgraded to Sector Perform at RBC Capital
7. JPM:$JPM downgraded to Market Perform at BMO Capital, downgraded to Neutral at Buckingham
14. WFC:$WFC downgraded to Market Perform at Keefe Bruyettte & Woods – PT cut $48 from $57
EARNINGS
Trending Social Alerts
1. PTCT:$PTCT — FDA denied first appeal of Translarna Refuse-to-File letter.
2. CAT:BREAKING: Caterpillar CEO Doug Oberhelman to retire in 2017; Jim Umpleby becomes $CAT’s next CEO, Doug Calhoun to become non-exec. chairman
3. BAC:A shaky start ahead for Wall as futures pick up where a two-week losing streak left off. $nflx $BAC earns to come.…
5. REGN:$REGN $TEVA Says FDA Has Placed Phase 2B Fasinumab Study in Chronic Low Back Pain on Clinical Hold
13. NFLX:$NFLX report earnings tomorrow after hours-has closed ⬆⬇ 12.06% on average last 12 earnings reports
Trending News Headlines
1. How Apple Scaled Back Its Titanic Plan to Take on Detroit
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.
2. Supervalu to Sell Save-A-Lot Chain to Onex for $1.37 Billion
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.
3. Bank of America profit rises 6.6 percent as bond trading picks up
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.
4. Customers pile in, analysts fret as U.S. banks offer rich card awards
Morrie Low, a 27-year-old Seattle cocktail server, has found an unlikely new source of pleasure: credit card companies.
5. Brad Loncar on Twitter
“FDA to $PTCT: stop wasting our time.”
6. Whole foods, once a wall street darling, is in need of an activist’s touch
Shares of Whole Foods have plunged about 15% so far this year, lagging the S&P 500’s 3.5% gain.
7. Iran calls OPEC’s decision to limit output ‘baby step in right direction’
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.
8. Alphabet (GOOGL) (GOOG) PT Raised to $1070 at Credit Suisse
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…
9. Ex-Celgene Dealmaker Tom Daniel Charts a New Course Advising Biotechs | Xconomy
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
10. Celgene crohn’s pill data unspectacular but perhaps good enough
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.
11. CNBC Now on Twitter
“EARNINGS: Bank of America Q3 EPS $0.41 vs. $0.34 Est.; Q3 Revs. $21.635B vs. $20.965B Est. • $BAC”
Technology News
by Alpha | Oct 14, 2016 | Pre-Market
PRE-MARKET MOVERS
UPGRADES
1. ABUS:$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 $1.01.
12. Hershey Foods (HSY) CEO John Bilbrey to Retire Next Year; Reaffirms Outlook
The Hershey Company (NYSE: HSY) today announced that John P. Bilbrey, Chairman, President and Chief Executive Officer, intends to retire from the company July 1, 2017. Bilbrey will continue as…
13. J.P. Morgan’s Results Beat Estimates, Propelled by Investment Bank
J.P. Morgan said a record third quarter for its investment-bank helped propel profit far above expectations. Shares rose 1.5% premarket.
Technology News
Today's Economic Calendar
8:30 Producer Price Index
8:30 Retail Sales
8:30 Fed's Rosengren: "The Elusive Recovery"
10:00 Business Inventories
10:00 Consumer Sentiment
12:30 PM Janet Yellen speech
1:00 PM Baker-Hughes Rig Count
2:00 PM Treasury Budget
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by Alpha | Oct 13, 2016 | Pre-Market
PRE-MARKET MOVERS
UPGRADES
3. BMY, MRK:$MRK upgraded to Buy from Neutral at BofA/Merrill, PT $70. $BMY
7. HCA:$HCA – *MW HCA Holdings upgraded to overweight from sector weight at KeyBanc Capital
8. MSFT:$MSFT upgraded to Buy at Zacks Research – PT $64
DOWNGRADES
1. BMY:$BMY downgraded to Buy from Conviction Buy at Goldman Sachs
EARNINGS
Trending Social Alerts
1. OCUL:$OCUL and $REGN Collaboration To Develop Sustained Release Formulation Of Aflibercept For The Treatment Of Wet AMD And Other RetinalDiseases
2. DAL:#BREAKING: Delta Air Lines $DAL Q3 Revenue, $10.48B vs. $10.55B expected
3. TGTX:$TGTX Amends the GENUINE Phase 3 Clinical Trial to Accelerate Study Completion by Revising Primary Endpoint to Overall Response Rate
4. AMRS:$AMRS – $20M equity investment @ $1.40. $100M in annual revenues starting in 2017. Deal more than doubles annual revenue
7. OGXI:$OGXI halt
8. BMRN:$BMRN apparently believes by FDA’s own analysis drisa’s dystrophin data stronger than $SRPT. What ar…
Trending News Headlines
1. Bluebird Bio showcases upgraded gene therapy for rare blood diseases
The enhancements to Lentiglobin increase the number of cells containing corrected, functional genes that can be delivered into patients with two rare inherited blood diseases, Bluebird says.
2. Bempedoic Acid Global Phase 3 Clinical Program to Include Patients on Any Statin at Any Dose
1002-035 Study Meets Primary Endpoint of Incremental LDL-C Lowering Added to Atorvastatin 80 mg Bempedoic Acid Had No Effect on the PK of Atorvastatin and Was Observed to be Safe and Well-Tolerated Conference …
3. Ulta Beauty Hosts Analyst and Investor Conference and Raises Third Quarter and Fiscal Year 2016 Guidance
Ulta Beauty will host its 2016 analyst and investor conference today, Thursday, October 13, 2016 from 10:00 a.m. to 3:00 p.m. in Chicago, Illinois. In conjunction with this event, the Company raised its financial guidance for the third quarter and full year 2016, and provided an update on its long term
4. Event Details | Investor Relations | Bluebird Bio
Manisha Pai
5. Press Release | Investor Relations | Bluebird Bio
– Consistently demonstrated improved vector copy number (VCN) in transfusion-dependent β-thalassemia (TDT) and severe sickle cell disease (SCD) patient cells in vitro with manufacturing Process 2 –
6. bluebird bio Provides Update on LentiGlobin™ Programs and Research and Development Strategy at Gene Therapy Day | Business Wire
bluebird bio, Inc. (Nasdaq: BLUE), a clinical-stage company committed to developing potentially transformative gene therapies for severe genetic disea
7. Amazon Hiring 120,000 For The Holidays (NASDAQ:AMZN)
Amazon.com, Inc. (NASDAQ: AMZN) needs to hire 120,000 new part-time workers across its entire network to ensure a flawless and efficient shopping experience ahead of the holiday…
8. Georgi Kantchev on Twitter
“Oil at $70/b is too hot, and $50/b too cold for U.S. shale, says @CreditSuisse”
9. Amazon to hire 120,000 temporary workers for holiday season
Amazon.com Inc said it would hire more than 120,000 seasonal workers in the United States for the holiday season, 20 percent more than last year, highlighting the growing threat the e-commerce giant poses to traditional retailers.
10. Deutsche Bank alerts managers to hiring freeze: source
Deutsche Bank (DBKGn.DE) has introduced a hiring freeze as it seeks to cut costs amid a deep strategic overhaul, a source familiar with the matter told Reuters on Thursday.
Technology News
$DRWI DragonWave Equipment Selected for Sprint’s $S Network Densification & Optimization Strategy – PR
$BP UBS Downgrades BP to Neutral