2013-08-14 Events

• IPO WATCH:
    * Priced yday:  * Envision Healthcare (EVHC) priced 35m shrs at $23 each
    * Expected to price today:
      * Third Point Reinsurance (TPRE) seen pricing 22.2m shrs at $12.50-$14.50 each
•  CONFERENCES:
    * Avondale Healthcare Conf.: AIRM, AMSG, ASGN, ATHN, FCN, HMA, HURN, LPNT, MDAS, MDRX, MMS, NUAN, SRCL
    * BofA Merrill Lynch ’All Things Home’ Conf.: WHR
    * Canaccord Genuity Growth Conf.: AKAM, AWAY, BDC, CCOI, CONN, DDD, DXCM, ECL, EW, GEVA, GHDX, GMCR, HOLX, HTWR, INCY, LL,
      LOCK, MENT, NPSP, NUS, NUVA, OXM, P, RCII, SSNI, SYK, TRIP, VECO, Z
    * EnerCom Oil & Gas Conf.: ATLS, BBG, COS CN, CRZO, MRO, OXC CN, QEP, ROSE, SWN, TDG CN, UNT
    * J.P. Morgan Automotive Conf.: ABG, GM, HAR, JCI, MCO, MG CN
    * Jefferies Global Industrials Conf.: AXLL, BA, BAH, CBT, CE, CGNX, CSL, CW, EMN, HI, HON, HSC, KMT, MMM, MTX, MX CN, NPO,
      PPG, RBC, SNA, TAM, TDY, TEX, WSO, WTS, XLS
    * JPMorgan LatAm Consumer Conf.: F
    * Oppenheimer Technology Conf.: AMT, ANGI, CAVM, CTL, DWRE, FFIV, FIO, IMPV, NTCT, NVDA, OLED, OPEN, PFPT, QCOM, RHT,
      RHT, SWKS, TRMB, TWTC, TXN, ULTI, VMW, YELP
    * Wedbush Life Sciences Mgmt Access Conf.: CPHD, ITRI
• CORPORATE EVENTS:
    * Annual meeting: RFMD, SJM, VVUS, XLNX
    * Board meeting: CGG CN
    * Investor meeting: SRCL
    * July sales release: KCG, PGR, SCHW
• EARNINGS All times CET, estimates where available:
    * RWE (RWE GR) 7am, 2Q adj. EPS est. EU1.27
    * Swiss Life (SLHN VX) 7am, 1H Gaap EPS est. CHF11.58
    * Hochtief (HOT GR) 7am, 2Q adj. EPS est. EU0.52
    * Celesio (CLS1 GR) 7am, 2Q adj. EPS est. EU0.30
    * United Internet (UTDI GR) 5am, 2Q adj. EPS EU0.23
    * Kabel Deutschland (KD8 GR) 7am, 1Q adj. EPS est. EU0.76 (1 est.)
    * Salzgitter (SZG GR) 7:30am, 2Q adj. loss-shr est. EU0.91
    * DE Master Blenders (DE NA) 7:30am, FY adj. EPS est. EU0.44
    * Balfour Beatty (BBY LN) 8am, 1H adj. EPS est. EU0.07 (3 ests.)
    * Subsea 7 (SUBC NO) 7am, 2Q adj. loss-shr est. $0.43
    * Wirecard (WDI GR) 7am, 2Q adj. EPS est. EU0.17
    * Portugal Telecom (PTC PL) premkt, 1H
    * Holmen (HOLMB SS) TBD, 2Q adj. EPS est. SK1.39
    * GN Store Nord (GN DC) TBD, 2Q adj. EPS est. DK1.15
    * Jyske Bank (JYSK DC) TBD, 1H
    * William Demant (WDH DC) 7am, 1H adj. EPS est. DK11.11
    * Deutsche Euroshop (DEQ GR) 7am, 2Q adj. EPS est. EU0.52 (2 ests.)
    * Rentokil Initial (RTO LN) 8am, 1H adj. EPS est. GBP0.03 (1 est.)
    * Ophir Energy (OPHR LN) 8am, 1H adj. loss-shr est. GBP0.14 (1 est.)
    * Glencore Xstrata (GLEN LN) 8am, 2Q production
• BOND SALES/PURCHASES
    * 11:03am: Sweden to Sell SEK10 Bln 96-Day Bills
    * 11:30am: Germany to Sell EUR4 Bln 1.5% 2023 Bonds
• EARNINGS (all times ET, times are approximate):
    * Towers Watson (TW) 6am, $1.27
    * B2Gold (BTO CN) 6:30am, $0.03
    * Deere (DE) 7am, $2.18 - Preview
    * Metro (MRU CN) 7am, C$1.54
    * Rona (RON CN) 7am, C$0.33
    * Macy’s (M) 8am, $0.78 - Preview
    * Baytex Energy (BTE CN) 8am, C$0.34
    * Pinnacle Foods (PF) 8am, $0.27
    * Linamar (LNR CN) 4pm, C$0.81
    * NetApp (NTAP) 4:01pm, $0.49
    * Vipshop Holdings (VIPS) 4:01pm, $0.18
    * Cisco Systems (CSCO) 4:04pm, $0.51 - Preview
    * Agilent Technologies (A) 4:05pm, $0.62
    * CACI International (CACI) 4:05pm, $1.60
    * Himax Technologies (HIMX) 4:30pm, $0.11
    * Silver Wheaton (SLW CN) 5:53pm, $0.25
    * NetEase (NTES) 6pm, $1.25
    * Renren (RENN) 6pm, $(0.01)
    
• EQUITY PREVIEW:
    * Bioscrip (BIOS): 6.8m-shr secondary
    * Brocade (BRCD): 3Q adj. EPS, rev. beat ests.
    * Cree (CREE): 1Q adj. EPS view misses est.
    * Exone (XONE): Sees 2013 rev. at low end of view
    * Millennial Media (MM): 2Q rev. misses; buying Jumptap
    * Northern Tier Energy (NTI): 11.5m-unit secondary
    * Real Goods (RSOL): 2Q rev $20.7m vs $21.4m yr ago
    * Seaworld (SEAS): Cuts yr rev. view
    * Taylor Morrison (TMHC): 2Q adj. EPS misses
    * Tearlab (TEAR): 2Q net rev. $3.5m
• UPGRADES:
•   * American Woodwork (AMWD) to buy: Longbow
    * Cabot Microelectronics to buy: Topeka Capital
    * Cincinnati Bell (CBB) to neutral: BofA Merrill
    * Cullen/Frost (CFR) to market perform: Raymond James
    * GlaxoSmithKline (GSK) to neutral: JPMorgan
    * Hovannian (HOV) to buy: UBS
    * Infosys (INFY) to buy: Nomura
    * Jakks Pacific (JAKK) to market perform: BMO Capital
    * MarkWest Energy (MWE) to buy: Goldman Sachs
    * Royal Dutch Shell (RDS/A) to overweight: Barclays
    * Statoil (STO) to overweight: Barclays
    * USA Compression Partners (USAC) to outperform: Wells Fargo
  
  
  DOWNGRADES:
    * Cree (CREE) to neutral: Susquehanna
    * CST Brands (CST) to underperform: Credit Suisse
    * Deutsche Bank (DB) to sector perform: RBC Capital
    * Delta (DAL) to neutral: JPMorgan
    * EV Energy Partner (EVEP) to sector perform: RBC Capital
    * Global Payments (GPN) to neutral: JPMorgan
    * Millennial Medial (MM) to hold: Canaccord Genuity
    * Parexel (PRXL) to underperform: Sterne Agee
    * Repsol (REP) to equalweight: Barclays
    * USA Compression Partners (USAC) to neutral: Goldman Sachs
    * U.S. Airways (LCC) to neutral: JPMorgan
    * Western Union (WU) to underweight: JPMorgan
  
  
  INITIATIONS:
    * Athenahealth (ATHN) hold: KeyBanc Capital
    * Acura Pharma (ACUR) buy: MLV & Co, PT $4
    * Cerner (CERN) buy: KeyBanc Capital, PT $19
    * Dresser-Rand (DRC) outperform: Raymond James, PT $72
    * Encana (ECA) accumulate: Global Hunter, PT$24
    * Kite Realty Group (KRG) overweight: Evercore, PT $7
    * Quality Systems (QSII) underweight: KeyBanc, PT $19
    * MedAssets (MDAS) hold: KeyBanc Capital
    * Spectranetics (SPNC) overweight: JPMorgan, PT $23
    * WisdomTree (WETF) neutral: Susquehanna, PT $13