DAILY US EQUITY OPENING NEWS - Lowe's (LOW) Q2 adjusted EPS USD 1.57 vs. Exp. USD 1.62. Q2 revenue USD 19.5bln vs. Exp. USD 19.53bln

EARNINGS

 

Intuit (INTU) Q4 adjusted EPS USD 0.20 vs. Exp. USD 0.17. Q4 revenue USD 842mln vs. Exp. USD 804.6mln. Co. sees Q1 adjusted EPS USD 0.03-0.05 vs. Exp. USD 0.12. (Newswires)

 

Lowe's (LOW) Q2 adjusted EPS USD 1.57 vs. Exp. USD 1.62. Q2 revenue USD 19.5bln vs. Exp. USD 19.53bln. Co. revises FY17 EPS view to USD 4.20-4.30 from about USD 4.30 vs. Exp. USD 4.62. (Newswires)

 

Salesforce (CRM) Q2 adjusted EPS USD 0.33 vs. Exp. USD 0.32. Q2 revenue USD 2.56bln vs. Exp. USD 2.51bln. Co. sees FY 2018 adjusted EPS USD 1.29-1.31 vs. Exp. USD 1.30. (Newswires)

 

DJIA

 

Apple (AAPL) – Co. has scaled back plans for a branded self-driving car and is instead focusing on underlying autonomous technology, according to sources. (WSJ)

 

Johnson & Johnson (JNJ) – Co. is to face challenges in its 4800 exiting talc lawsuits over claims that their talc caused cancer. (Newswires)

 

Walmart (WMT)/Alphabet (GOOGL) – Walmart and Alphabet’s Google unit have partnered to offer voice-based shopping on hundreds of thousands of items. (Newswires)  

 

S&P 500

 

AT&T (T)/Time Warner (TWX) - Mexican regulators have approved the AT&T and Time Warner deal. (Newswires)

 

Dean Foods (DF) – Co.’s CFO Chris Bellairs has announces their departure, effective September 1st. (Newswires)

 

United Continental (UAL)/Avianca Holdings (AVH) – The two companies are in talks over a commercial agreement to enable passengers to travel seamlessly between the lines. (Newswires)

 

Wells Fargo (WFC) – CEO Tim Sloan has said the company engaged a third party to conduct a detailed analysis of our current and former customers' accounts to help identify potential harm. (Newswires)

 

NASDAQ 100

 

Western Digital (WDC) – Toshiba and Western Digital have entered discussions over an agreement to sell its flash memory business. (Nikkei)

 

OTHER NEWS

 

AK Steel (AKS) – Co. has announced increase in stainless steel prices, effective September 3rd. (Newswires)

 

GoDaddy (GDDY) – CEO Irving is to retire at the end of this year. (Newswires)

 

Ultragenyx (RARE) – Co. says its Phase 3 study of Ace-ER in GNEM patients did not meet its primary or key secondary endpoints. (Newswires)

 

BROKER MOVES

 

Upgrades

 

ARCHROCK (AROK) UPGRADED TO OUTPERFORM FROM SECTOR PERFORM AT RBC CAPITAL

ARCHROCK PARTNERS LP (APLP) UPGRADED TO OUTPERFORM FROM SECTOR PERFORM AT RBC CAPITAL

DSW (DSW) UPGRADED TO BUY FROM NEUTRAL AT B. RILEY

ESSENT GROUP (ESNT) UPGRADED TO OUTPERFORM FROM MARKET PERFORM AT KEEFE BRUYETTE

G-III APPAREL (GIII) UPGRADED TO OVERWEIGHT FROM NEUTRAL AT PIPER JAFFRAY

IAMGOLD (IAG) UPGRADED TO OUTPERFORM FROM MARKET PERFORM AT BMO CAPITAL

INTUIT (INTU) UPGRADED TO EQUAL-WEIGHT FROM UNDERWEIGHT AT FIRST ANALYSIS

JD.COM (JD) UPGRADED TO BUY FROM NEUTRAL AT MKM PARTNERS

ONEMAIN HOLDINGS (OMF) UPGRADED TO OVERWEIGHT FROM EQUAL WEIGHT AT STEPHENS

ROCKWELL COLLINS (COL) UPGRADED TO BUY FROM HOLD AT VERTICAL RESEARCH

VALERO ENERGY PARTNERS (VLP) UPGRADED TO BUY FROM HOLD AT JEFFERIES

VIPER ENERGY (VNOM) UPGRADED TO BUY FROM NEUTRAL AT MIZUHO

 

Downgrades

 

CREE (CREE) DOWNGRADED TO UNDERWEIGHT FROM EQUAL WEIGHT AT STEPHENS

DULUTH HOLDINGS (DLTH) DOWNGRADED TO MARKET PERFORM FROM OUTPERFORM AT RAYMOND JAMES

TINTRI (TNTR) DOWNGRADED TO EQUAL WEIGHT FROM OVERWEIGHT AT MORGAN STANLEY

ULTRAGENYX (RARE) DOWNGRADED TO HOLD FROM BUY AT SUNTRUST

 

Initiations

 

ADVANCED ENERGY (AEIS) INITIATED WITH A HOLD AT STIFEL

AMERICA'S CAR-MART (CRMT) INITIATED WITH AN EQUAL WEIGHT AT STEPHENS

ANSYS (ANSS) INITIATED WITH A HOLD AT BERENBERG

ASPEN TECHNOLOGY (AZPN) INITIATED WITH A BUY AT BERENBERG

AUTODESK (ADSK) INITIATED WITH A BUY AT BERENBERG

CYMABAY (CBAY) INITIATED WITH AN OUTPERFORM AT LEERINK

ELEVATE CREDIT (ELVT) INITIATED WITH AN EQUAL WEIGHT AT STEPHENS

HP ENTERPRISE (HPE) INITIATED WITH A HOLD AT LOOP CAPITAL

HP INC. (HPQ) INITIATED WITH A BUY AT LOOP CAPITAL

NATURAL GAS SERVICES (NGS) INITIATED WITH AN OUTPERFORM AT IMPERIAL CAPITAL

NATURAL GAS SERVICES (NGS) INITIATED WITH AN OUTPERFORM AT IMPERIAL CAPITAL

PTC (PTC) INITIATED WITH A BUY AT BERENBERG

REGIONAL MANAGEMENT (RM) INITIATED WITH AN EQUAL WEIGHT AT STEPHENS

SAP (SAP) INITIATED WITH A BUY AT BERENBERG

SUPERIOR DRILLING (SDPI) INITIATED WITH AN OUTPERFORM AT IMPERIAL CAPITAL

SUPERNUS (SUPN) INITIATED WITH AN OUTPERFORM AT IMPERIAL CAPITAL

TRIMBLE (TRMB) INITIATED WITH A HOLD AT BERENBERG

 

COMPANIES GOING EX-DIVIDEND

 

3M Co (MMM). Amount USD 1.18 

Cabot Corp (CBT). Amount USD 0.32 

Carnival Corp (CCL). Amount USD 0.40 

CDW Corp (CDW). Amount USD 0.16 

Diebold Nixdorf Inc (DBD). Amount USD 0.10 

DST Systems Inc (DST). Amount USD 0.18 

Equifax Inc (EFX). Amount USD 0.39 

Evercore Partners Inc (EVR). Amount USD 0.34 

FLIR Systems Inc (FLIR). Amount USD 0.15 

Fortive Corp (FTV). Amount USD 0.07 

Fortune Brands Home & Security Inc (FBHS). Amount USD 0.18 

Forward Air Corp (FWRD). Amount USD 0.15 

Hershey Co (HSY). Amount USD 0.66 

Huntington Ingalls Industries Inc (HII). Amount USD 0.60 

Minerals Technologies Inc (MTX). Amount USD 0.05 

NextEra Energy Inc (NEE). Amount USD 0.98 

NU Skin Enterprises Inc (NUS). Amount USD 0.36 

Oceaneering International Inc (OII). Amount USD 0.15 

Office Depot Inc (ODP). Amount USD 0.03 

Pitney Bowes Inc (PBI). Amount USD 0.19 

Robert Half International Inc (RHI). Amount USD 0.24 

Schweitzer-Mauduit International Inc (SWM). Amount USD 0.42 

Scotts Miracle-Gro Co (SMG). Amount USD 0.53 

Whirlpool Corp (WHR). Amount USD 1.10 

Wyndham Worldwide Corp (WYN). Amount USD 0.58

23 Aug 2017 - 12:54- Research Sheet- Source: RANsquawk

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