The markets opened lower this morning, as FedEx (FDX Quote) came out with some abysmal numbers and guidance. Let's take a look at what traders may want to be monitoring throughout the day.
Story Stocks
FedEx: Stock is lower in the early going after disappointing earnings and guidance. E*TRADE(ETFC Quote): Company announces a plan for stock and debt offering. The Scotts Miracle-Gro Company(SMG Quote): Shares are higher on raised profit guidance.
Upgrades to Watch
U.S. Bancorp(USB Quote): Deutsche Bank raises estimates and target price to $21. Bank of NY Mellon(BK Quote): SunTrust initiates stock with a buy and $38 target. Kellogg(K Quote): BMO Capital markets raises estimates. $52 price target. NVidia(NVDA Quote): UBS raises stock to a neutral from a sell. $11.50 price target. Qualcomm(QCOM Quote): Goldman Sachs upgrades the stock to a "conviction" buy. $53 price target. State Street Corp(STT Quote): SunTrust initiates stock with a buy rating. $68 price target. Texas Instruments(TXN Quote): Merrill Lynch/Bank of America raises estimates. $27 target price. Baidu(BIDU Quote): Goldman Sachs raises target price to $350. CME Group(CME Quote): Goldman Sachs raises target price to $350. Nucor(NUE Quote): Credit Suisse raises target price to $55. Petrobras(PBR Quote): Credit Suisse maintains neutral rating, but raises target price to $38 from $35. Apache(APA Quote): S&P raises stock to a strong buy. BHP Billiton(BHP Quote): Macquerie raises stock to an outperform. Consol Energy(CNX Quote): FBR raises stock target to $57. Maintained as an outperform.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,023.42 | 1,069.30 | 2,112.44 | 35.03 |
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