DAILY US EQUITY OPENING NEWS: A Venture Beat journalist writes that Alphabet (GOOG) has finalised a deal to acquire certain hardware engineering assets of HTC, but HTC retains its brand.

EARNINGS

Adobe (ADBE) – Q3 EPS USD 1.10 vs Exp. USD 1.01, Q3 Rev. USD 1.84bln vs. Exp. USD 1.82bln. Sees Q4 Adj. EPS USD 1.15 vs Exp. 1.10, Q4 Rev. USD 1.95bln vs Exp. USD 1.95bln. Digital media revenue was USD 1.27bln, creative revenue grew to USD 1.06bln, Adobe Experience Cloud revenue was USD 508mln which represents 26% year over year growth. (Newswires)

 

Bed Bath & Beyond (BBBY) - Q2 EPS USD 0.67 including charges, vs Exp. USD 0.95, Q2 Rev. USD 2.9bln vs. Exp. USD 3.01bln

Sees Fy17 EPS USD 3.00 vs Exp. USD 4.01, FY17 Rev. USD 12.47bln vs Exp. USD 12.47bln (Newswires)

 

FedEx (FDX) – Q1 Adj. EPS USD 2.51 vs Exp. USD 3.09, FY18 ex-items EPS USD 12.00 – 12.80, vs Exp. USD 13.38. (Newswires)

 

General Mills (GIS) - Q1 Adj. EPS USD 0.71 vs USD 0.76, Q1 Rev. USD 3.8bln vs Exp. USD 3.79bln. (Newswires)

 

DJIA

Microsoft (MSFT) – The company announces Hugh Johnston, vice chairman and CFO of PepsiCo (PEP) to its board of directors. (Newswires)

 

Walmart (WMT) – The company is to offer more hours to workers over holidays. (Newswires)

 

S&P 500

Anthem (ANTM) – The company is to acquire Health Sun; financial terms not disclosed. (Newswires)

 

Baxalta (BXLT) – The company’s treatment of haemophilia A has been granted FDA orphan designation. (Newswires)

 

Bristol Myers Squibb (BMY) – The company’s immunotherapy drug Opdivo has been recommended by Britain’s healthcare cost watchdog NICE to some patients with lung cancer, this was after the drug maker agreed a discounted price. (Newswires)

 

Equifax (EFX) – The company may be able to spend USD 1 per customer over the data breach. (Newswires)

 

FedEx (FDX) – The company said without the cyberattack their FY18 guidance would not have changed. The cyberattack on its Dutch unit cut USD 300mln from its quarterly profit. (Newswires)

 

Ford (F) – The company are to slash production at five North American assembly plants for 10 weeks. (Newswires)

 

General Mills (GIS) – The company’s CEO says they’re confident in improved momentum for the rest of year and that FY18 priority is strengthening their top line performance. (Newswires)

 

Goodyear Tire (GT) – The company is to acquire Ventech Systems GmbH; terms undisclosed. (Newswires)

 

NASDAQ 100

Alphabet (GOOG) – A Venture Beat journalist writes that the company has finalised a deal to acquire certain hardware engineering assets of HTC, but HTC retains its brand. Meanwhile FastFT writes that HTC has announced its stock will stop trading from Thursday on the Taiwan Stock Exchange. Further for the company, Alphabet’s YouTube now offers sponsorship from fans to YouTube channels.  (Newswires)

 

Amazon (AMZN) – The company are developing ‘smart glasses’ embedded with Alexa. (Financial Times)

 

Facebook (FB) – According to Senator Burr, chairman of the Senate Intelligence Committee said that the public hearing of the co. will happen. (Newswires)

 

Fox News (FOXA) – The company has filed a motion to dismiss the lawsuit from Rod Wheeler, a former homicide detective who claims he was misquoted. (Newswires)

 

 

OTHER NEWS

Alnylam (ALNY) – The company and Sanofi (SNY) have announced that the APOLLO phase 3 study of patsiran met its primary efficacy endpoint and all secondary endpoints. (Newswires)

 

First Service (FSV) – The company announced they have acquired the residential operations of Zalco Realty. (Newswires)

 

Innovia (INVA) and GlaxoSmithKleine (GSK)- The companies report positive headline results from their phase 3 IMPACT study of Trelegy Elipta. (Newswires)

 

Starwood Waypoint Homes (SFR) – The company received a subpoena from the SEC, requesting documents. (Newswires)

 

 

BROKER MOVES

Upgrades

AMERICAN AIRLINES (AAL) UPGRADED TO OUTPERFORM FROM MARKET PERFORM AT RAYMOND JAMES

ARISTA NETWORKS (ANET) UPGRADED TO OVERWEIGHT FROM EQUAL WEIGHT AT MORGAN STANLEY

DOVER (DOV) UPGRADED TO OVERWEIGHT FROM NEUTRAL AT JPMORGAN

HIBBETT SPORTS (HIBB) UPGRADED TO POSITIVE FROM NEUTRAL AT SUSQUEHANNA

INTERNATIONAL GAME (IGT) UPGRADED TO BUY FROM NEUTRAL AT BOFA/MERRILL

PFIZER (PFE) UPGRADED TO OVERWEIGHT FROM EQUAL WEIGHT AT MORGAN STANLEY

POST HOLDINGS (POST) UPGRADED TO OUTPERFORM FROM MARKET PERFORM AT BMO CAPITAL

PROGRESSIVE (PGR) UPGRADED TO NEUTRAL FROM UNDERPERFORM AT CREDIT SUISSE

ROPER TECHNOLOGIES (ROP) UPGRADED TO OVERWEIGHT FROM NEUTRAL AT JPMORGAN

SHOE CARNIVAL (SCVL) UPGRADED TO POSITIVE FROM NEUTRAL AT SUSQUEHANNA

SOUTHWEST (LUV) UPGRADED TO OUTPERFORM FROM MARKET PERFORM AT RAYMOND JAMES

 

Downgrades

3M (MMM) DOWNGRADED TO UNDERWEIGHT FROM NEUTRAL AT JPMORGAN

ALLERGAN (AGN) DOWNGRADED TO EQUAL WEIGHT FROM OVERWEIGHT AT MORGAN STANLEY

INGERSOLL-RAND (IR) DOWNGRADED TO NEUTRAL FROM OVERWEIGHT AT JPMORGAN

L BRANDS (LB) DOWNGRADED TO MARKET PERFORM FROM OUTPERFORM AT COWEN

NORILSK NICKEL (NILSY) DOWNGRADED TO UNDERWEIGHT FROM NEUTRAL AT JPMORGAN

SIGNATURE BANK (SBNY) DOWNGRADED TO NEUTRAL FROM OUTPERFORM AT WEDBUSH

TINTRI (TNTR) DOWNGRADED TO UNDERPERFORM FROM OUTPERFORM AT RAYMOND JAMES

TRANSDIGM (TDG) DOWNGRADED TO HOLD FROM BUY AT JEFFERIES

UNITED CONTINENTAL (UAL) DOWNGRADED TO MARKET PERFORM AT RAYMOND JAMES

YAHOO JAPAN (YAHOY) DOWNGRADED TO HOLD FROM BUY AT JEFFERIES

 

Initiations

ACTIVISION BLIZZARD (ATVI) INITIATED WITH A BUY AT BUCKINGHAM

BIOGEN (BIIB) INITIATED WITH A BUY AT SUNTRUST

COACH (COH) INITIATED WITH AN EQUAL WEIGHT AT BARCLAYS

CYMABAY (CBAY) INITIATED WITH AN OVERWEIGHT AT CANTOR

ELECTRONIC ARTS (EA) INITIATED WITH A BUY AT BUCKINGHAM

EPIZYME (EPZM) INITIATED WITH A BUY AT JEFFERIES

EVOLENT HEALTH (EVH) INITIATED WITH AN OVERWEIGHT AT KEYBANC

GAP (GPS) INITIATED WITH AN OVERWEIGHT AT BARCLAYS

G-III APPAREL (GIII) INITIATED WITH AN UNDERWEIGHT AT BARCLAYS

HANESBRANDS (HBI) INITIATED WITH AN OVERWEIGHT AT BARCLAYS

INTELLICHECK (IDN) INITIATED WITH AN OUTPERFORM AT OPPENHEIMER

L BRANDS (LB) INITIATED WITH AN EQUAL WEIGHT AT BARCLAYS

MICHAEL KORS (KORS) INITIATED WITH AN EQUAL WEIGHT AT BARCLAYS

PINNACLE WEST (PNW) INITIATED WITH A NEUTRAL AT CREDIT SUISSE

PVH CORP. (PVH) INITIATED WITH AN OVERWEIGHT AT BARCLAYS

RALPH LAUREN (RL) INITIATED WITH AN UNDERWEIGHT AT BARCLAYS

SERVICEMASTER (SERV) INITIATED WITH AN OUTPERFORM AT OPPENHEIMER

TAKE-TWO (TTWO) INITIATED WITH A BUY AT BUCKINGHAM

VISTRA ENERGY (VST) INITIATED WITH AN OUTPERFORM AT CREDIT SUISSE

20 Sep 2017 - 13:28- EnergyResearch Sheet- Source: RANsquawk

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