Fri. Morning Playbook - 7/30
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Fri. Morning Playbook - 7/30
The markets are set to dip following analyst concerns about the weak GDP numbers released this morning. Here are the key names in the news I am currently watching.
Story Stocks:
Arch Coal (ACI) - company beat Q2 estimates by 18 cents.
Amgen (AMGN) - company beat Q2 estimates by 8 cents.
Borg-Warner (BWA) - company beat Q2 estimates by 11 cents.
Coinstar (CSTR) - company beat Q2 estimates by 8 cents.
Walt Disney (DIS) - company is selling Miramax Films.
Dolby Electronics (DLB) - company beat Q2 estimates by 12 cents.
Eastman Chemical (EMN) - company beat Q2 estimates by 40 cents.
Expedia (EXPE) - company beat Q2 estimates by 2 cents.
Fortune Brands (FO) - company beat Q2 estimates by 22 cents.
First Solar (FSLR) - company beat Q2 estimates by 24 cents.
Genworth Financial (GNW) - company misses Q2 estimates by 12 cents.
KLA-Tencor (KLAC) - company beat Q4 estimates by 10 cents.
McKesson (MCK) - company beat Q1 estimates by a penny.
Metlife (MET) - company beat Q2 estimates by 23 cents.
McAfee (MFE) - company announces Q2 mixed results.
Merck (MRK) - company beat Q2 estimates by 3 cents.
Annaly Capital (NLY) - company misses Q2 estimates by 3 cents.
Nutrisystem (NTRI) - company beat Q2 estimates by 5 cents.
Newell Rubbermaid (NWL) - company beat Q2 estimates by 7 cents.
Republic Services Group (RSG) - company beat Q2 estimates by a penny.
Simon Property Group (SPG) - company beat Q2 estimates by 4 cents.
Synaptics (SYNA) - company beat Q4 estimates by 7 cents.
Varian Semiconductor (VSEA) - company beat Q2 estimates by 2 cents.
Wynn Resorts (WYNN) - company beat Q2 estimates by 10 cents.
Upgrades to Watch:
Avon Products (AVP) - Morgan Stanley raises estimates.
Coach (COH) - UBS raises estimates.
Microchip Technology (MCHP) - UBS raises estimates.
Netflix (NFLX) - Morgan Stanley raises stock to an overweight.
Northrop Grumman (NOC) - FBR Capital reiterates outperform rating.
Radio Shack (RSH) - FBR Capital reiterates outperform rating.
Time Warner Cable (TWC) - Citigroup raises stock to a buy.
Tyco (TYC) - FBR Capital reiterates outperform rating.
Exxon Mobil (XOM) - Barclays Capital raises estimates.
Downgrades to Watch:
BJ's Wholesale (BJ) - Cowen & Co. cuts to a neutral.
Colgate-Palmolive (CL) - Goldman Sachs cuts stock to a neutral.
CME Group (CME) - UBS cuts estimates.
General Dynamics (GD) - Morgan Stanley cuts price target to $88.
Halliburton (HAL) - FBR Capital cuts to a market perform.
Kellogg (K) - Morgan Stanley cuts price target to $57.
Southwest Airlines (LUV) - Morgan Stanley cuts estimates.
Other Key Areas to Watch:
Gold (GLD) - gold prices edge higher this morning.
Oil (USO) - oil prices are falling at the start.
Treasuries (TLT) - bond prices look strong in the early going.
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