Morning Market Snapshot

January 14th, 2015

Market Action

Economic Calendar

Analyst Action
BMO Capital upgrades Ziopharm Oncology (ZIOP) from Underperform to
Outperform
Goldman Sachs upgrades Blackrock (BLK) from Neutral to Buy
Goldman Sachs upgrades WisdomTree Investments (WETF) from Neutral to Buy
Janney upgrades Bebe Store (BEBE) from Neutral to Buy
JP Morgan upgrades The Fresh Market (TFM) from Neutral to Overweight ($44)
Pacific Crest upgrades Gamestop (GME) from Underperform to Outperform ($48)
Pacific Crest upgrades Garmin (GRMN) from Underperform to Sector Perform
Baird downgrades Valspar (VAL) from Outperform to Neutral ($90)
Barclays downgrades Continental Resources (CLR), Devon Energy (DVN),
Kosmos Energy (KOS), Marathon Oil (MRO), and Whiting Petroleum (WLL)
from Overweight to Equalweight
Barclays downgrades F5 Networks (FFIV) from Overweight to Equalweight ($136)
Cowen downgrades TrueCar (TRUE) from Overweight to Market Outperform
Evercore downgrades Verizon (VZ) from Buy to Hold ($55 $51)
Goldman Sachs downgrades Red Hat (RHT) from Neutral to Sell ($70)
Goldman Sachs downgrades Waddell & Reed (WDR) from Buy to Neutral
HSBC downgrades JP Morgan (JPM) from Neutral to Underweight ($61 $55.50)
JP Morgan downgrades iRobot (IRBT) from Neutral to Underweight ($38 $34)
JP Morgan downgrades KB Home (KBH) from Overweight to Neutral ($19.50
$15)
JP Morgan downgrades Xilinx (XLNX) from Overweight to Neutral ($47 $44)
Pacific Crest downgrades Xilinx (XLNX) from Outperform to Sector Perform ($50)

Susquehanna downgrades KB Home (KBH) from Positive to Neutral

Barclays initiates an Equal Weight rating on Rice Energy (RICE) and a PT of $15

Open Interest Changes

From 1/13 Options Action:
Dunkin Brands (DNKN) June 50 Call OI jumps from 605 to 7,845
International Game Technology (IGT) April 17 Call OI jumps from 443 to 11,476
Ally Financial (ALLY) March 22 Call OI jumps from 346 to 10,205
ChannelAdvisor (ECOM) March 7.5 Put OI jumps from 0 to 75,218
Reynolds American (RAI) May 67.5 Call OI jumps from 467 to 12,289
Southern Co. (SO) May 50 Call OI jumps from 2,925 to 43,424
Target (TGT) April 80 Call OI jumps from 1,465 to 20,326
Pfizer (PFE) April 35 Call OI jumps from 7,477 to 101,157
PPL Corporation (PPL) April 36 Call OI jumps from 869 to 35,847

Insider Action
From 1/13 Form 4 Filings:
Buying: J.G. Wentworth (JGW), Regional Management (RM)
Selling: Allstate (ALL), Clorox (CLX), Costco (COST), Gap Inc (GPS), Guess Inc
(GES), Hewlett Packard (HPQ), Lam Research (LRCX), Michaels Companies (MIK),
Monsanto (MON), Nike (NKE), Constellation Brands (STZ), Trinet Group (TNET),
and Twitter (TWTR)

Earnings Central
No major earnings after the close today.
Earnings Before the Open tomorrow (1/15):