Morning Brief: April 25th, 2013

TOP STORIES:

  • U.S. jobless claims fall 16,000 to 339,000
  • Jobless claims decline to lowest level in 6 weeks
  • Four-week claims average drops 4,500 to 357,500
  • Continuing claims decrease 93,000 to 3.0 million
  • Iran Told Hezbollah to Join Syrian War, Says Ex-Leader
  • Spain Jobless Rate Breaches 27% on Recession Woes
  • U.S. had more tips on Boston suspect; Congress asks questions
  • Many trapped in Bangladesh building rubble as toll climbs to 187
  • U.S. Mint Sales of Gold Coins at Three-Year High on Price
  • U.K. Q1 GDP up 0.3% quarter-on-quarter
  • U.K. Q1 GDP expectations were for 0.1%
  • Europe stocks erase losses after U.K. GDP
  • UPS Profit Tops Estimates Amid Higher Online-Purchase Deliveries
  • 3M Profit Trails Analyst Estimates as Europe Slumps


EARNINGS:

Exxon Mobil (XOM)

  • Exxon Mobil Q1 sales at $108.81 billion
  • Exxon Mobil Q1 profit at $9.5 billion
  • Exxon Mobil Q1 EPS at $2.12 vs. $2.00 year ago

UPS (UPS)

  • UPS Q1 revenue rises to $13.43 bln from $13.14 bln
  • UPS Q1 profit jumps 67% to $1.04 billion
  • UPS reports Q1 EPS $1.08, Adj EPS $1.04

3M (MMM)

  • 3M Q1 sales at $7.63 bln vs. $7.49 bln year ago
  • 3M reports Q1 profit of $1.129 bln vs. 1.125 bln
  • 3M reports Q1 EPS of $1.61 vs. $1.59 in Q1 2012

Bristol-Myers Squibb (BMY)

  • Bristol-Myers Q1 sales fall 27% to $3.83 billion
  • Bristol-Myers Q1 profit falls 45% to $609 mln
  • Bristol-Myers Q1 EPS of $0.37, adj. EPS of $0.41

ANALYST UPGRADES/DOWNGRADES:

  • AAPL - Apple upgraded to Buy from Long-Term Buy at Hilliard Lyons
  • AKAM - Akamai upgraded to Overweight from Neutral at JPMorgan
  • PCS - MetroPCS coverage resumed with an Overweight at JPMorgan
  • WM - Waste Management upgraded to Buy from Hold at Wunderlich
  • VMW - VMware downgraded to Underperform from Market Perform at Bernstein
  • FSLR - First Solar downgraded to Underperform from Market Perform at Raymond James
  • YUM - Yum! Brands upgraded to Market Perform from Underperform at Raymond James
  • FFIV - F5 Networks upgraded to Buy from Neutral at Nomura
  • PG - Procter & Gamble upgraded to Buy from Neutral at SunTrust

DEALS TODAY:

  • Exclusive: Verizon eyes $100 billion bid for Vodafone’s Wireless stake
  • Drug compounding supplier Arseus buys U.S.-based Freedom Pharma
  • China signs deal to buy 60 Airbus planes
  • Google buys Wavii for $30 million, mirroring Yahoo’s deal
  • Exclusive: Emergency Medical Services selects banks for IPO - sources
  • Lloyds bank branch sale to Co-op collapses
  • Vivendi gets two bids for Maroc Telecom stake
  • German Provinzial public insurers edge toward merger-sources

Source: Thomson Reuters, MW, Bloomberg, TheFlyOnTheWall

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