Morning Call For Tuesday, August 15

Notable Russell 1000 earnings reports today include: Advance Auto Parts (consensus $1.65), Coach $0.50, TJX Cos $0.84, Home Depot $2.21, Dick's Sporting Goods $1.00, Brighthouse Financial $2.43, Agilent Technologies $0.52, Urban Outfitters $0.37, Jack Henry & Associates $0.83.

U.S. IPO's scheduled to price today: Capitol Investment Co.

Equity conferences this week: D. A. Davidson & Co Technology Forum on Tue, Nomura Holdings Inc Instinet Media Telecom Conference on Tue, Citi Insurance & Asset Managers Forum on Wed, Barclays Kohler Conference on Wed, Wedbush Pacgrow Health Care Conference on Wed.


Home Depot (HD -0.40%) rose nearly 2% in pre-market trading after it reported Q2 EPS of $2.25, better than consensus of $2.21, and then raised guidance on full-year EPS to $7.29 from a prior view of $7.15.

American Eagle Outfitters (AEO -2.32%) was upgraded to 'Buy' from 'Market Perform' at FBR Capital Markets with a 12-month target price of $13.

NetApp (NTAP +1.30%) was upgraded to 'Buy' from 'Neutral' at Longbow Research with a 12-month target price of $50.

Wynn Resorts Ltd (WYNN +2.03%) was upgraded to 'Buy' from 'Hold' at Deutsche Bank.

Targa Resources (TRGP -1.31%) was upgraded to 'Buy' from 'Neutral' at Guggenheim Securities with a 12-month target price of $50.

Synchrony Financial (SYF +1.51%) climbed nearly 5% in after-hours trading after Berkshire Hathaway reported that it increased its stake in SYF to $520 million in Q2.

FibroGen (FGEN +5.76%) lost over 2% in after-hours trading after it announced that it intends to offer and sell up to $300 million of its common stock in an underwritten follow-on offering.

Allscripts Healthcare Solutions (MDRX +0.47%) gained 1% in after-hours trading after it was upgraded to 'Overweight' from 'Neutral' at Cantor Fitzgerald with a price target of $17.

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Disclosure: None.

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