DAILY US EQUITY OPENING NEWS: Boeing (BA) – Of note for the co., Bombardier and Airbus become partners on C series aircraft program

17th October 2017

EARNINGS

Goldman Sachs (GS) - Q3 EPS USD 5.02 vs. Exp. USD 4.17 may not compare, revenue USD 8.33bln vs, Exp. USD 7.54bln and FICC sales USD 1.45bln vs Exp. USD 1.37bln. (Newswires)

 

Harley Davison (HOG) – Q3 EPS USD 0.40 vs Exp USD 0.39 and Revenue USD 1.15bln vs Exp. USD 953.3mln. (Newswires)  

 

Johnson & Johnson (JNJ) – Q3 Adj EPS USD 1.90 vs Exp. USD 1.80 and Revenue USD 19.7bln vs Exp. USD 19.28bln. (Newswires)

 

Morgan Stanley (MS) - Q3 EPS USD 0.83 vs. Exp. USD 0.81 and Revenue USD 9.2bln vs. Exp. USD 8.95bln and FICC revenue USD 1.2bln vs Prev. USD 1.5bln. (Newswires)

 

Netflix (NFLX) – Q3 EPS USD 0.29 vs Exp. USD 0.32 and Revenue USD 2.99bln vs Exp. 2.97bln. They see Q4 EPS USD 0.41 vs Exp. USD 0.33 and sees Q4 Revenue USD 3.27bln vs Exp. 3.15bln. (Newswires)

 

United Health (UNH) – Q3 Adj. EPS USD 2.66 vs Exp. USD 2.56bln and Revenue USD 50.32bln vs Exp. USD 50.35bln. (Newswires)

 

DJIA

Apple (AAPL) – The co. explores an expansion into health care clinics and after talks with Crossover Health about an acquisition, they did not reach a deal. (Newswires)

 

Boeing (BA) – Of note for the co., Bombardier and Airbus become partners on C series aircraft program. (Newswires)

 

Johnson & Johnson (JNJ) – The co. is not going to pursue global approvals of the drug sirukumab. Separately, the clinical trial for talacotuzumab has been discounted. (Newswires)

 

Microsoft (MSFT) – The co. announces they are proposing an election of new board members, there are two candidates, Penny Pritzker, founder and chairman of PSP Capital and former US secretary of commerce, and Arne Sorenson, president and CEO of Marriott International (MAR). (Newswires)

 

Procter and Gamble (PG) – Trian Fund Management issued a statement saying that election results are ‘too close to call’. Further, the co. say that Peltz lost the board seat by 0.2% of its shares outstanding, this is going to be recounted. (Newswires) (WSJ)

 

Verizon (VZ) – The co. is announcing plans to collaborate on 5G New Radio with Qualcomm Technologies, a subsidiary of Qualcomm (QCOM) and Novatel Wireless, a company of Inseego (INSG). Further for the co., Verizon FiOS has stopped carrying Spanish broadcaster Univision in about 5mln homes, after the companies were unable to reach a deal on distribution. Further, the co. may be selling customer phone numbers and locations, despite an agreement between the co. and the FCC where they agreed to stop doing this, AT&T (T) may be doing something similar.  (Newswires) (WSJ) (Android Authority)

 

S&P 500

Allergan (AGN) – The co. price target has been lowered to USD 251 from USD 262 at Deutsche Bank. (Newswires)

 

AT&T (T) - The co. is set to invest as much as USD 3bln to upgrade its network. (Newswires)

 

Bristol Myers Squibb (BMY) – The co. announces the FDA accepts priority review for Opdivo sBLA. (Newswires)

 

EQT Corp. (EQT) – The co. reiterates the benefits of a pending acquisition of Rice Energy (RICE). (Newswires)

 

Harley Davison (HOG) – The co. backs their 2017 view of 241,000-246,000 motorcycle shipments. (Newswires)

 

Jacobs Engineering (JEC) – The co. has been awarded a contract by Invex Infraestructura for a greenfield fuel storage and distribution terminal in Mexico. (Newswires)

 

NASDAQ 100

Alphabet (GOOG) – The co. announces they are implementing extra precautions to unwanted software infections. Further, they are collaborating in Australia to trial delivery drones, under the co.’s project Wing. (Newswires)

 

Amazon (AMZN) – New Jersey are offering the co. up to USD 7bln in tax incentives if they open their second HQ in Newark. (Newswires)

 

Amgen (AMGN) – The co. announces they have formed a collaboration with Boston Children’s hospital for neuroscience research. (Newswires)

 

Mylan (MYL) – The co. CEO is pleased with the court ruling on Allergan’s restasis patents. (Newswires)

 

Netflix (NFLX) – The co. announces they will spend USD 7-8bln on content in 2018. Further, the co. price target has been raised to USD 255 from USD 242 at JP Morgan and raised to USD 240 from USD 215 at Piper Jaffray. (Newswires)

 

 

OTHER NEWS

Ceva (CEVA) – The co. announces a partnership with LG electronics on smart 3D camera solution. (Newswires)

 

Exelixis (EXEL) – The co., and their partner Ipsen, announces their trial of Cabozanitinib met its primary endpoint of overall survival. (Newswires)

 

MiMedx (MDXG) – The co. has been told by the FDA to proceed with Phase 2B IND trial for osteoarthritis. (Newswires)

 

Scientific Games (SGMS) – The co. announces they have signed an agreement with Apigee, a subsidiary of Google (GOOG) to use full life cycle application programming. (Newswires)

 

Teva Pharmaceuticals (TEVA) – The co. submits Biologics License Application to the FDA for their Fremanezumab. (Newswires)

 

BROKER MOVES

Upgrades

BIOGEN (BIIB) UPGRADED TO BUY FROM NEUTRAL AT MIZUHO

CENTURY ALUMINUM (CENX) UPGRADED TO BUY FROM HOLD AT DEUTSCHE BANK

CHEVRON (CVX) UPGRADED TO OUTPERFORM FROM NEUTRAL AT MACQUARIE

COMMERCIAL METALS (CMC) UPGRADED TO BUY FROM HOLD AT JEFFERIES

EMERSON (EMR) UPGRADED TO BUY FROM NEUTRAL AT BOFA/MERRILL

ENERGY TRANSFER EQUITY (ETE) UPGRADED TO BUY FROM NEUTRAL AT GOLDMAN SACHS

HALCON RESOURCES UPGRADED TO BUY FROM NEUTRAL AT SEAPORT GLOBAL

PHILLIPS 66 PARTNERS (PSXP) UPGRADED TO NEUTRAL FROM SELL AT GOLDMAN SACHS

PRUDENTIAL (PRU) UPGRADED TO BUY FROM NEUTRAL AT CITI

THOMSON REUTERS (TRI) UPGRADED TO OUTPERFORM FROM SECTOR PERFORM AT SCOTIABANK

WEX (WEX) UPGRADED TO BUY FROM HOLD AT SUNTRUST

 

Downgrades

8POINT3 ENERGY (CAFD) DOWNGRADED TO NEUTRAL FROM BUY AT GOLDMAN SACHS

BRIGGS & STRATTON (BCG) DOWNGRADED TO UNDERPERFORM ON VALUATION AT RAYMOND JAMES

DARDEN (DRI) DOWNGRADED TO HOLD FROM BUY AT ARGUS

EATON (ETN) DOWNGRADED TO UNDERPERFORM FROM UNDERPERFORM AT BOFA/MERRILL

EMBRAER (ERJ) DOWNGRADED TO HOLD FROM BUY AT DEUTSCHE BANK

ENERGY TRANSFER PARTNERS (ETP) DOWNGRADED TO NEUTRAL FROM BUY AT GOLDMAN SACHS

FREEPORT MCMORAN (FCX) DOWNGRADED TO SELL FROM HOLD AT DEUTSCHE BANK

INGERSOLL-RAND (IR) DOWNGRADED TO NEUTRAL FROM BUY AT BOFA/MERRILL

KAISER ALUMINUM (KALU) DOWNGRADED TO HOLD FROM BUY AT DEUTSCHE BANK

KINDER MORGAN (KMI) DOWNGRADED TO NEUTRAL FROM BUY AT GOLDMAN SACHS

SPECTRA ENERGY PARTNERS (SEP) DOWNGRADED TO SELL FROM NEUTRAL AT GOLDMAN SACHS

TARGA RESOURCES (TRGP) DOWNGRADED TO NEUTRAL FROM BUY AT GOLDMAN SACHS

TYLER TECHNOLOGIES (TYL) DOWNGRADED TO SECTOR WEIGHT FROM OVERWEIGHT AT KEYBANC

WEST PHARMACEUTICAL (WST) DOWNGRADED TO NEUTRAL FROM BUY AT BOFA/MERRILL

 

Initiations

ACADIA (ACHC) INITIATED WITH AN OUTPERFORM AT BMO CAPITAL

AEROHIVE (HIVE) INITIATED WITH A BUY AT CRAIG-HALLUM

AETNA (AET) INITIATED WITH A MARKET PERFORM AT BMO CAPITAL

ALLY FINANCIAL (ALLY) INITIATED WITH A BUY AT CITI

ANTHEM (ANTM) INITIATED WITH A MARKET PERFORM AT BMO CAPITAL

ARDELYX (ARDX) REINITIATED WITH AN OUTPERFORM AT LEERINK

CALLON PETROLEUM (CPE) INITIATED WITH A BUY AT BOFA/MERRILL

CARBONITE (CARB) INITIATED WITH AN OUTPERFORM AT JMP SECURITIES

CENTENE (CNC) INITIATED WITH AN OUTPERFORM AT BMO CAPITAL

CENTENNIAL RESOURCE DEVELOPMENT (CDEV) INITIATED WITH A BUY AT BOFA/MERRILL

CIGNA (CI) INITIATED WITH A MARKET PERFORM AT BMO CAPITAL

CIT GROUP (CIT) INITIATED WITH A BUY AT CITI

DESPEGAR.COM (DESP) INITIATED WITH A NEUTRAL AT CITI

DXC TECHNOLOGY (DXC) INITIATED WITH AN OUTPERFORM AT EVERCORE ISI

EATON VANCE (EV) INITIATED WITH A BUY AT DEUTSCHE BANK

FEDERATED INVESTORS (FII) INITIATED WITH A HOLD AT DEUTSCHE BANK

GROUPON (GRPN) INITIATED WITH A BUY AT GABELLI

HALCON RESOURCES (HK) INITIATED WITH A NEUTRAL AT BOFA/MERRILL

HCA HEALTHCARE (HCA) INITIATED WITH AN OUTPERFORM AT BMO CAPITAL

HUMANA (HUM) INITIATED WITH AN OUTPERFORM AT BMO CAPITAL

ICU MEDICAL (ICUI) INITIATED WITH A SECTOR WEIGHT AT KEYBANC

INPHI (IPHI) INITIATED WITH A NEUTRAL AT DA DAVIDSON

INPHI (IPHI) INITIATED WITH A NEUTRAL AT DA DAVIDSON

JAGGED PEAK ENERGY (JAG) INITIATED WITH A BUY AT BOFA/MERRILL

JAMES RIVER GROUP (JRVR) INITIATED WITH AN OUTPERFORM AT JMP SECURITIES

JANUS HENDERSON GROUP (JHG) INITIATED WITH A HOLD AT DEUTSCHE BANK

LEGG MASON (LM) INITIATED WITH A BUY AT DEUTSCHE BANK

LIFEPOINT (LPNT) INITIATED WITH A MARKET PERFORM AT BMO CAPITAL

MACOM (MTSI) INITIATED WITH A NEUTRAL AT DA DAVIDSON

MEDNAX (MD) INITIATED WITH A MARKET PERFORM AT BMO CAPITAL

MOLINA HEALTHCARE (MOH) INITIATED WITH A MARKET PERFORM AT BMO CAPITAL

NAVIENT (NAVI) INITIATED WITH A BUY AT CITI

OASIS PETROLEUM (OAS) ASSUMED WITH AN OVERWEIGHT AT PIPER JAFFRAY

ONEMAIN HOLDINGS (OMF) INITIATED WITH A NEUTRAL AT CITI

SALLIE MAE (SLM) INITIATED WITH A BUY AT CITI

SEECO HOLDING (SECO) INITIATED WITH A BUY AT JEFFERIES

SPROUTS FARMERS MARKET (SFM) INITIATED WITH A POSITIVE AT SUSQUEHANNA

TACTILE SYSTEMS (TCMD) INITIATED WITH A MARKET PERFORM AT NORTHLAND

TPG RE FINANCE (TRTX) ASSUMED WITH A NEUTRAL AT CITI

UNITED NATURAL FOODS (UNFI) INITIATED WITH A NEUTRAL AT SUSQUEHANNA

UNITEDHEALTH (UNH) INITIATED WITH AN OUTPERFORM AT BMO CAPITAL

UNIVERSAL FOREST (UFPI) INITIATED WITH A MARKET PERFORM AT BMO CAPITAL

UNIVERSAL HEALTH (UHS) INITIATED WITH AN OUTPERFORM AT BMO CAPITAL

WELLCARE (WCG) INITIATED WITH AN OUTPERFORM AT BMO CAPITAL

WISDOMTREE (WETF) INITIATED WITH A BUY AT DEUTSCHE BANK

WPX ENERGY (WPX) INITIATED WITH A BUY AT BOFA/MERRILL

XOMA (XOMA) ASSUMED WITH A BUY AT H.C. WAINWRIGHT

 

Ex-Dividends

Acuity Brands Inc (AYI)- USD 0.13

West Pharmaceutical Services Inc (WST)- USD 0.14

 

 

 

 

 

17 Oct 2017 - 13:39- EnergyResearch Sheet- Source: Newswires

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