Monthly Archives: April 2011
FT: Rising Inflationary Pressure Unlikely to Ease
Marc Faber Never Ceases To Make You Laugh About Economics
Store Vacancies at Malls Hit Highest Levels in 11Years
Salesforce.com, CRM, Upgrade With a 30% Upside Premium
FLASH: GOOG Close to Settlement With Regulators on ITA Purchase; Consent Decree
HTC Posts Record Profits on Android sales
RBC to Sell U.S. Consumer Brand
Startups May Get a Boost From Easy Regulation
Gapping Up and Down This Morning
Gapping up
TPX +10.8%, STX +5.7%, AU +3.1%, AG +2.9%, HL +2.6%, EXK +2.5%, BBL +2%, BHP +1.9%, GDX +1.7%, ABX +1.6%, RIO +1.4%, SLV +1.4%, NEM +1.2%, GLD +0.8%, SLW +0.8%, SHZ +4.8%, REE +2.9%, MCP +2.7%, ATPG +3.9%, ROYL +3.7%, MMR +3.0%, SD +1.6%, STO +1.4%, E +1.4%, TSO +1.3%, WFT +1.1%, BP +0.7%, NVS +1.2%, AZN +1.2%, SNY +1.1%, EXPE +12.5%, AIS +10.7%, CUTR +5.9%, LPSN +5.5%, WDC +4.5%, MWW +3.6% and WY +2.4%, MTU +2%, PCL +1.5%, OIS +1%, BJ +2.5%, HP +1.5%, FFIV +1.4%
Gapping Down
SBAY -46.5%, HERO -12.4%, IDIX -11.1%, SGMO -5.9%, NMM -5.5%, ARR -3.8%, SATC -3.7%, BYI -1.8%, TSO -1.6%, JEF -1.4%
Comments »Upgrades and Downgrades This Morning
Upgrades
SKS – Saks upgraded to Neutral from Sell at Lazard
BYD – Select gaming stocks initiated at Lazard
SD – SandRidge Energy target raised to $18 from $16 at Stifel Nicolaus
EXPE – Expedia upgraded to Buy at Stifel Nicolaus; tgt $35
DB – Deutsche Bank upgraded to Buy from Add at WestLB
ADS – Alliance Data tgt raised to $96 at RBC as recent mgmt meeting supports FY11 still on track for $7 in earnings
CVS – CVS Caremark upgraded to Outperform from Market Perform at BMO Capital
LTD – Limited target raised to $39 from $37 at RBC Capital Mkts
CHU – China Unicom Hong Kong ticking up after trading higher overseas following analyst comments on the co’s growth
LLNW – Limelight Networks initiated with a Buy at SunTrust; tgt $9
FSLR – First Solar: GE’s announcement overstates competitive threat – Kaufman
FFIV – F5 Networks initiated with a Buy at SunTrust; tgt $126
Downgrades
NTAP – NetApp tgt decreased to $55 at RBC Capital Mkts following Engenio acquisition
TGT – Target trading modestly lower; weakness attributed to tier 1 firm downgrade
NVDA – FBR Capital Mkts reviews semi production checks; starts have been revised downwards
CLX – Clorox downgraded to Neutral from Overweight at JP Morgan
PIR – Pier 1 Imports upgraded to Buy from Hold at BB&T
SPWRA – Sunpower downgraded to Market Perform from Outperform at JMP Securities
PLXS – Plexus downgraded to Buy from Strong Buy at Needham – tgt $40
YOKU – Youku.com initiated with an Underperform at Macquarie
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