ECONOMIC REPORTS
Domestic economic reports scheduled for today include:
Dallas Fed manufacturing activity index for December at 10:30-consensus 9
ANALYST RESEARCH
Upgrades
Gilead (GILD) upgraded to Overweight from Equal Weight at Morgan Stanley
Inphi (IPHI) upgraded to Strong Buy from Buy at Needham
Downgrades
Ambarella (AMBA) downgraded to Underperform from Hold at Needham
Cavium (CAVM) downgraded to Hold from Buy at Needham
M/A-COM (MTSI) downgraded to Hold from Buy at Needham
MaxLinear (MXL) downgraded to Hold from Buy at Needham
RF Micro Devices (RFMD) downgraded to Hold from Buy at Needham
Skyworks (SWKS) downgraded to Hold from Buy at Needham
TriQuint (TQNT) downgraded to Hold from Buy at Needham
Initiations
CDK Global (CDK) initiated with an Equal Weight at Morgan Stanley
Halyard Health (HYH) initiated with an Outperform at JMP Securities
Mavenir Systems (MVNR) initiated with a Buy at Wunderlich
RigNet (RNET) initiated with a Neutral at Macquarie
Sonus (SONS) initiated with a Buy at Wunderlich
COMPANY NEWS
Sony (SNE) said in a blog post: "PlayStation Network is back online. As you probably know, PlayStation Network and some other gaming services were attacked over the holidays with artificially high levels of traffic designed to disrupt connectivity and online gameplay. This may have prevented your access to the network and its services over the last few days"
Microsoft (MSFT) said Xbox Live Core Services "up and running"
Roche (RHHBY) received FDA emergency use authorization for LightMix test
Twitter (TWTR) said some users are currently having trouble signing in to twitter and said its engineers are currently working to resolve the issue
EARNINGS
China Xiniya Fashion (XNY) reports Q3 EPS (59c), compared to 2c a year ago
NEWSPAPERS/WEBSITES
Google's (GOOG) Gmail blocked in China, WSJ reports
Liberia reporting "dozens" of new Ebola cases, AP reports
American Apparel (APP) urged by Lion Capital to consider sale, WSJ reports
Yahoo (YHOO) sees opportunity in expansion of wearables and mobile growth, FT reports
Cisco (CSCO) holders should stay in, Barron's says
Morgan Stanley (MS) shares could still climb higher, Barron's says
Seagate (STX), Facebook (FB), Apple (AAPL), Amazon (AMZN), Netflix (NFLX) could do well in FY15, Barron's says
Investors should buy GM (GM), Ford (F) instead of CarMax (KMX), Barron's says
SYNDICATE
Speed Commerce (SPDC) files $100M mixed securities shelf, 25.6M shares for holders