Ticker IACI.
Comments »Monthly Archives: April 2011
Obama Releases Birth Certificate (image)
WTI/Brent Crude Spreads Stay Wide
The difference between WTI and Brent crude is sustaining a double digit spread, with Brent more than $12 premium to WTI.
Comments »Crack Spreads Are on the Rise
Spreads are up 1.6% to $26.
Comments »Dollar Sinks to a 3 Year Low in Celebration of The Fed Meeting Today
Constant spending and debt monetization is killing our greenback. Washing out excess and mal-investment was always the American way. That is what made this country strong no ?
Comments »Upgrades and Downgrades This Morning
Upgrades
AMZN – Amazon.com target raised to $212 from $200 at The Benchmark Company – following earnings
TSM – Taiwan Semi added to Conviction Buy list at Goldman
WBSN – Websense target raised to $28 from $23 at Stifel Nicolaus
CRDN – Ceradyne target raised to $60 from $54 at Needham
JEC – Jacobs upgraded to Outperform from Market Perform at BMO Capital
IACI – InterActive target raised to $42 from $36 at Stifel Nicolaus
ILMN – Illumina target raised to $80 from $75 at Wedbush
SFSF – SuccessFactors target raised to $42 from $35 at Needham – following earnings
APKT – Acme Packet target raised to $82 at Needham
Downgrades
BRCM – Broadcom target lowered to $43 from $48 at Stifel Nicolaus
YOKU – Youku.com downgraded to Neutral from Buy at Goldman
MCP – Molycorp: Hearing downgraded at Gabelli
SMOD – Smart Modular Tech downgraded to Neutral at Wedbush
HXL – Hexcel downgraded to Neutral at Wedbush
EXM – Excel Maritime Carriers downgraded to Underperform from Hold at Jefferies
BWLD – Buffalo Wild Wings: Hearing downgraded at Raymond James
LXK – Lexmark downgraded to Hold at Brean Murray
LDK – LDK Solar target lowered to $21 from $23 at Needham – following lower guidance
Comments »Gapping Up and Down This Morning
Gapping Up
ERIC +10.4%, NOK +1.6%,TOT +1.5%, ILMN +1.3%, RCKY +2.1%, GSK +1.9%, CCL +1.7%, FORM +2.8%, MCP +2.7%, KEYN +9.9%, SEM +9.7%, KWR +4.8%, GFRE +4.1%, SIMG +4%, BWLD+3.8%, REGN +7.6%, EHTH +6.2%, RLOC +5.6%, CAP +3.1%, RGR +3.1%, PNRA +1.7%, UHS +1.7%,RDS.A +1.2%, SI +1.1%, BDX +1%
Gapping Down
BRCM -8.4%, MIPS -6.4%, DDIC -6.3%, ENTR -4.8%, STM -4%, HPP -3.5%, APKT -2.9%, EMKR -2.4%, SWK -1.7%, ASML -1.5%, RFMD -6.6%, LIFE -2.9%, IRBT -2.8%, SNE -2.7%, LDK -2.6%, ULTI -2.5%, AMZN -1.5%, RKT -1.4%, NBR -1%
Comments »In Play and On the Wires
Durable Goods Orders: Prior -0.6%, Consensus +1.8%, Actual 2.5%…. Ex-Transportation +0.3%
Boeing Earnings: $0.78 EPS vs Consensus of $0.70 on Revenues of $14.91 Bn vs Consensus of $15.13 Bn
General Dynamics Earnings: $1.64 EPS vs Consensus of $1.61 on Revenues of $7.8 Bn
U.S. Futures Suggest Follow Through From Yesterday’s Rally
European Markets Trade Higher on Good Earnings
Most Asian Markets Rise on the Back of U.S. Rally
U.S. consumer confidence and our earnings driven rally sent Asian markets higher breaking a 4 day losing streak.
Comments »Oil Rises on European Data; Suggesting Demand Boost
Industrial orders in Euro land rose for a fifth month suggesting recovery is well under way.
Comments »Chinese Markets Fall for 4th Consecutive Day on Inflation and Earnings Worries
Markets are nervous that inflation will not be tamed and that measures to tame it will hurt earnings expectations….
Comments »Aussie CPI Rises to Record; Pushing the Aussie Dollar and Kiwi Higher
IMF: Democratic Growth Oriented Policies Must Be Accompanied by Jobs and Social Programs
Spurts of revolution and regime change is not enough to protect the population. Democratic reform must pay attention to jobs and social programs.
Comments »Greek, Irish, and Portuguese Bond Yields Blowout
After El-Erian gives a lost decade warning yields began to climb to all time highs. Fun no ?
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