•  Analysts at Deutsche Bank (DB), Barclays (BCS) and Thomas Weisel raised price targets and iPhone sales estimates for Apple (AAPL) following last night's blowout earnings and sales report. Apple posted better-than-estimated earnings of $3.33 per share on revenues of $13.5 billion, well above Street projections of $2.46 per share and revenues of $1.4 billion. Deutsche Bank lifted iPhone sales estimates to 41 million from 37.8 million and to 50 from 46 for 2010 and 2011, respectively. Barclays raised the share price target $15 to $315, and Weisel to $320 from $300
  •  BHP Billiton (BHP) said the SEC is investigating the possible violation of anti-corruption laws regarding its dealings with government officials over certain terminated minerals exploration projects, not involving any China dealings
  •  United Technologies (UTX) reported first quarter earnings three cents better than expected at 93 cents versus 78 cents a year ago on revenues of $12.1 billion, which fell short of Street estimates of $12.3 billion. The company said it sees full year earnings of $4.50 to $4.65 a share
  •  AT&T (T) reported estimate-topping results of 59 cents ahead of Zacks projections of 55 cents and up from 53 cent a year earlier on revenues of $30.65 billion, which missed Zacks estimates of $30.75 billion
  •  Boeing (BA) bested earnings projections on inline revenues, as earnings of 70 cents topped Zacks estimates of 64 cents and fell from last year's 87 cents; revenues reached $15.2 billion
  •  McDonald's (MCD) provided better-than-estimated earnings and revenues for the quarter, with earnings of $1.00 posting four cents better than expected and up from 83 cents a year ago on revenues of $5.61 billion, which beat Zacks estimates of $5.54 billion
  •  Wells Fargo (WFC) reported an earnings beat as earnings topped by three cents at 45 cents up from Zacks estimates of 42 cents, but off last year's 56 cents on revenues of $21.45 billion off expected revenues of $21.62 billion
  •  Morgan Stanley (MS) reported earnings surged to 82 cents from last year's 57 cent loss and beat Zacks estimates of 59 cents on revenues of $9.08 billion, which topped estimates of $8.60 billion