iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,428 Blog Posts

This Morning’s Movers and Shakers

S&P futs -9, oil up 0.5%, gold -0.4%, dollar -0.33% v euro

Higher

AXN +23.1%; who give a shit?, SAP +5.8%; German nonsense, JNJ +1.1% (earnings, $10 bill share buyback), FAST +0.5%; boring.

WPP +37.2% (Wausau Paper to be acquired for $10.25), BUD +2.2% on becoming the Italian mafia of beers.

TAP up 12.5% because people think someone will buy them. Like who? There is only one beer company in the world now.

PLX +29.6% (they cut a deal with PFE), AEZS +15.4% (some bullshit study), UNXL +9.6% (manipulation), GTXI +5.9% (FDA clearance to begin trials. This is really not news), YECO +6% ( Some Chinese airport contract), FRO +5.6% (mystery), PACB +3.4% (confirmed earnings release date will be Oct 22 after the close), CEL +2.3% (mystery!), ETP +1.8% (Cramer pump magic), TWOU +1.1% (post Citron report bounce).

Analyst comments: TRCO +1% (initiated with a “this is good” at Evercore), TOL +0.6% (upgraded to The Shizzle from Aight at Morgan Stanley), POT +0.6% (upgraded to The Bomb from Okay at Bernstein), CGNX +0.5% (initiated with GOOD SHIT at Cowen), SWHC +0.4% (resumed with a H.A.M. at Wedbush), MTX +0.3% (upgraded to Bomb Diggity from Nonsense at KeyBanc Capital Mkts)

Lower

Fucked up earnings: FMC -9.4%, R -6.4%, AIXG -6.3%, DFRG -4.9%, SMSI -4.8%, XRX -1.5% .

Euro-land banks sucking wind: HSBC -4.1%, BCS -3.7% (to name former JPMorgan banker Jes Staley as its new CEO, according to reports), RBS -2.4%, SAN -2.2%, CS -1.9%, DB -1.9%.

ZFGN -36%; canceled investor conference, fucked.

Metals and miners back to sucking again: BBL -2.9%, BHP -2.9%, MT -2%, KGC -2%, RIO -1.9%, FCX -1.9%, GDX -1.8%, AEM -1.5%, SLW -1.4%, NEM -1.4%, GLD -0.7%.

Oil and Gas stocks that are embarassing themselves this morning: BP -2.2%, PBR -2.2%, STO -1.9%, RDS.A -1.8%, TOT -1.5%, SDRL -1.5%.

Even airlines are down. Maybe this is the end of the world?: AAL -2.3% (downgraded to Horseshit from Quality Meal at Evercore ISI), ALK -2.0% (downgraded to Zero Interest from Wow, this is Cool at Evercore ISI) SKYW -1.5% (downgraded to Persona Non-Grata from VIP at Raymond James), JBLU -1.3% (downgraded to Fuck Airlines from Airlines Rock at JP Morgan), UAL -1.4%

CANF -6.2% (dilution; insiders don’t care), COLL -5.4% (FDA shits on them), TC -4.7% (Who gives a shit?), EOX -3.3% (lenders getting cold feet), FIG -2.6% (closing a macro hedge fund that obviously sucked), NVO -2.3% (mystery!), CCL -0.9% (expands into China, which is a scam), LLY -0.6% (continuing yesterday’s droll behavior).

Analyst comments: ACI -2.2% (downgraded to Offal at JPMorgan).

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7 comments

  1. badduck

    I really enjoy this. Much better than Briefing.com.

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  2. ebtda

    thanks

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  3. zephler

    Hey Fly – ZFGN has a connection to Leernick as does FOLD and a few other total disasters after Leernick did the underwriting- do you have any read into these guys?

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  4. zephler

    Leernick is also into $ITCI which bears are quite confident is the next to die

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