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HOT STOCKS: Twitter surges on bullish price target; Shell shocks with earnings warning; Morgan Stanley and GE revenues rise

HOT STOCKS: Twitter surges on bullish price target; Shell shocks with earnings warning; Morgan Stanley and GE revenues rise

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HOT STOCKS: Twitter surges on bullish price target; Shell shocks with earnings warning; Morgan Stanley and GE revenues rise

HOT STOCKS: Twitter surges on bullish price target; Shell shocks with earnings warning; Morgan Stanley and GE revenues rise
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Twitter (TWTR) was on a tear in early trading up as much as 5% in the pre-market after Stifel initiated coverage with a "Buy" rating and a bullish price target of $75 a share. The stock closed yesterday at $60 a share. There was a fresh round of earning news.

Royal Dutch Shell (RDS.A), Europe's largest oil company, issued its first profit warning since 2004 blaming higher exploration costs for the miss. Shell said it expects to post fourth quarter earnings of $2.2 billion, down from $7.3 billion a year earlier. This warning comes two weeks before Shell's scheduled earnings report. Another big energy name fared better in the fourth quarter.

Schlumberger (SLB), the world's largest oilfield services company, posted earnings of $1.35 per share, beating estimates of $1.32. Revenue rose 7% to $11.91 billion, though that missed estimates of $11.99 billion.

Morgan Stanley (MS) rounded out bank earnings for the week, reporting $0.50 per share, excluding one-time items and beating estimates of $0.45. The bank reported pre-tax legal expenses of $1.2 billion for the quarter. Revenue came in at $8.2 billion, which beat estimates of $8.01 billion, up from last year's $7.48 billion.

Traditional bellwether, General Electric (GE) reported profits today of $0.53 per share, which was right in line with analysts’ estimates and up 20% from the same time last year. Revenue rose 3% to $40.4 billion, beating estimates of $40.22 billion.

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