Loan loss reserves fall, and company is proceeding with dividend increase as well as a share buy back…..
Comments »Monthly Archives: April 2011
Crack Spreads Get Cracked
The Lifting of the Veil
Call me crazy, but i love leaks…in the future all messages should just self destruct….
Comments »The Debate of Monetary Easing Ending Continues
Tax Laws Shun Domestic Investment With Offshore Funds
Or do corporations ask for too much from the cash flow positive stronghold ?
Comments »China Publicly Urges U.S. to “Take Care of its Creditors”
“We hope the U.S. government will take responsible policies and measures to safeguard investors’ interests,” the ministry said in a statement.
Comments »Upgrades and Downgrades This Morning
Upgrades
LLY – Eli Lilly upgraded to Buy from Hold at Hapoalim
GDOT – Green Dot initiated with a Hold at Citigroup
AVP – Avon Products 1Q11 preview; perceived as a value trap – RBC Capital Mkts
INFA – Informatica target raised to $60 at Wedbush
FWRD – Forward Air upgraded to Overweight at boutique firm
HCA – HCA initiated with a Buy at Citigroup
GR – Goodrich upgraded to Outperform at Wedbush
Downgrades
TEVA – Teva Pharma downgraded to Market Perform from Outperform at First Global
AMX – America Movil SA downgraded to Sector Perform from Outperform at Scotia
COG – Cabot Oil & Gas downgraded to Hold at Stifel Nicolaus
EXL – Excel Trust downgraded to Neutral from Buy at UBS
CRU – Crude Carriers downgraded to Underperform from Outperform at Wells Fargo
SFSF – SuccessFactors downgraded to Market Perform from Outperform at JMP Securities
BOX – SeaCube Container Leasing initiated with a Buy at Sterne Agee – tgt $20
Comments »Gapping Up and Down This Morning
Gapping Up
JNJ +3%,DANG +1.9%, YOKU +1.4%, QIHU +1.3%, BBL +1.2%, BHP +0.9%, MT +0.5%, BIDU +0.9%, MICC +6%, CR +9.2%, NVS +3%, ALU +1.8%, S +1.3%, DEO +1.1%, X +1.8%, AKS +0.7%, X +1.8%, AKS +0.7%, SNE +6.0%, GS +1.4%, DEO +1.1%, SDRL +1.9%, STLD +5.4%, WWW +4.7%, ZION+4.5%
Gapping Down
HOG -2.8%, TXN -2.3%, INVE -5.1%, BMI -8.6%,NLST -2.5%,LOGI -2%
Comments »In Play and On the wires
J&J Reports $1.25 Per Share Beating The Street But Down From $1.62 Last Year
Bank of NY Reports Net Income of $0.50; Down from $0.55 Last Q
“Bank of NY Mellon, one of the world’s largest custody banks, said first-quarter profit rose 4 percent, helped by an increase in assets under custody and fee revenue.”
Comments »Housings Starts: Prior 479k, Market Expects 520k, Actual 549k…Building Permits up 11.2%
Permits up 11.2% & Starts up 7 %
Comments »As Good as Goldman
“Goldman Sachs reported sales and earnings well above Wall Street estimates Tuesday.
The Wall Street firm reported net income of $2.74 billion, or $1.56 a share, against $3.29 billion, or $5.59 a share, in the same period last year.
Revenue came in at $11.89 billion, against revenue of $12.77 billion a year ago.
Analysts who follow the company had expected earnings of 82 cents a share on sales of $10.22 billion, according to a survey conducted by Thomson Reuters.”
Comments »European Shares Open Higher; US Futures Rally Off Lows
European markets opened higher, roughly 0.5% across the board.
S&P futs are well off the session lows, now down just 1.5 points below fair value.
Comments »Look the Other Way; Graphic Videos From Libya
The U.S. & NATO has had to ignore some chilling facts about who we are supporting…..but war is a dirty business for sure.
Warning these videos are only for the morbid, pathologists, and those who can put things out of mind.
Comments »Novartis Reports Mediocre Q on Slow Flu Vaccine Sales
Forget Cold Turkey; QE2 Methadone Mixed With a QE3 Relapse is More Like It
Thought the recovery was moving along and that according to the bearded clam we were not to worry over inflation…..
“The Fed chief’s top two lieutenants said this month the economy and inflation are too weak to warrant the start of a monetary-policy reversal.”
Counter punch article on the end of QE2
Comments »Follow The Money and You’ll Probably Find Growth
Multinationals do their bidding for worker bees over seas. Any doubt on where the growth is ?
Comments »Research in Motion Launches the Playbook
Apple Sues Samsung Over Product Design
Apparently Apple is not fond of copycats. Guess imitation is not the highest form of flattery.
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