• Hewlett-Packard (NYSE:HPQ) said it sees FY11 earnings of $5.05 to $5.15 a share
• Family Dollar Stores (NYSE:FDO) posted better-than-anticipated fiscal fourth-quarter earnings of 56 cents a share, five cents higher than estimated, on inline revenues of $1.96 billion, up 8.1% from a year earlier
• Weekly MBA Mortgage Applications fell 0.8% on top of the prior week’s 1.4% decline
• Goldman Sachs (NYSE:GS) lowered current quarter estimates on Morgan Stanley (NYSE:MS) from 60 cents to 15 cents, cutting the price target from $31 to $30, but maintained a “neutral” rating on the shares
• Deutsche Bank (NYSE:DB) downgraded shares of McAfee (NYSE:MFE) from “buy” to “hold,” with a price target of $48
• Kaufman initiated coverage of Quest Diagnostics (NYSE:DGX) with a “buy” rating and a $59 price target
• Sanofi-Aventis (NYSE:SNY) is rumored weighed an increase to their current $69 bid for Genzyme (NASDAQ:GENZ)
• Autozone (NYSE:AZO) increased its stock buyback program by $500 million
• The SEC is currently investigating revenue-recognition practices at Green Mountain Coffee (NASDAQ:GMCR)
• Janney Montgomery downgraded shares of J Crew (NYSE:JCG) from “buy” to “neutral,” setting the price target at $37
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