“Laperriere said in a note to clients today that there are “strong policy and political incentives” for President Barack Obama and House Speaker John Boehner to reach a deal. “That’s still possible, but a deal that would alter the trajectory” of the ratio of federal debt to gross domestic product “now appears unlikely,” he wrote.”
Comments »Monthly Archives: July 2011
Retail Analyst Flickinger: More Companies To Join Borders in Bankruptcy as We Enter into a 500 Day Retail Recession
Flickinger cites many issues hurting the consumer, but expects a rebound in 2013-2014….
Comments »Greek Debt Bailout Fails to Quell Interest Rates
Spain and Italy paid dearly today to fund short term debt. Both countries saw new highs in interest payments.
Comments »
Today’s Winners and Losers
Market cap min of $500mill
No. Ticker % Change Market Cap
1 SANM 22.56 742,320,000
2 RSH 18.95 1,390,000,000
3 LXK 17.44 2,280,000,000
4 HLX 16.39 1,950,000,000
5 XRS 15.99 811,070,000
6 VLTR 15.27 564,590,000
7 GEOY 15.17 784,850,000
8 GRA 13.97 3,360,000,000
9 GPI 13.89 960,620,000
10 BXS 11.98 1,060,000,000
11 TLAB 10.98 1,520,000,000
12 ODP 10.80 977,050,000
13 WFT 10.42 15,240,000,000
14 YOKU 10.00 3,770,000,000
15 BRCM 9.62 18,720,000,000
16 JJSF 9.40 942,900,000
17 FNSR 8.68 1,680,000,000
18 CEVA 8.61 692,920,000
19 OMX 8.56 592,320,000
20 SVU 8.10 1,810,000,000
21 CIGX 8.03 552,100,000
22 CNC 7.74 1,710,000,000
23 XUE 7.61 523,990,000
24 MCP 7.15 5,020,000,000
25 DGI 7.08 1,170,000,000
26 DAC 7.01 511,630,000
—————————————–
No. Ticker % Change Market Cap
1 AKS -15.85 1,710,000,000
2 PCX -11.87 2,230,000,000
3 UIS -11.54 1,090,000,000
4 PCAR -11.19 18,420,000,000
5 ADVS -10.75 1,410,000,000
6 IOC -10.68 3,100,000,000
7 CSL -9.81 2,970,000,000
8 LII -9.73 2,200,000,000
9 MLI -9.73 1,710,000,000
10 ARAY -9.18 507,710,000
11 STM -8.67 8,030,000,000
12 X -8.53 6,370,000,000
13 ITW -8.52 28,510,000,000
14 SCOR -8.19 813,820,000
15 CRDN -8.03 880,710,000
16 CPSI -7.81 749,630,000
17 NFLX -7.71 14,790,000,000
18 WAT -7.70 8,900,000,000
19 RCII -7.57 1,900,000,000
20 IPAR -7.53 684,020,000
21 NUVA -7.20 1,280,000,000
22 OMI -7.10 2,150,000,000
23 FMER -6.58 1,820,000,000
24 TNAV -6.49 865,090,000
25 WAC -6.44 690,690,000
GASPARINO SCOOP: No Default
Charlie Meatballs is out with his latest scoop, suggesting the White House has assured top bankers that the U.S. will NOT default, even if a deal is not reached by 8/2/11.
Disclaimer: I’m half Italian.
Comments »Flash: Boehner’s Plan Does Not Have GOP Support
Lunch Break: Fun with Balloons
Mental Pygmies Reign Supreme
Verizon Accidentally Releases New Touch Screen Info for RIM’s Blackberry
Could this be the comeback product for RIMM ?
Comments »Former Attorney General Edwin Meese: Obama Isn’t Learning From Reagan
“Rather than learning pro-growth lessons from President Reagan, he is creating another 1982 moment, seeking to lure Republicans into accepting another tax increase for illusory spending cuts,” Meese and Heritage Foundation CEO Michael Needham writes in USA Today.
“Taxing our way to prosperity isn’t the answer. It never has been.”
“If our children and grandchildren are to live in a free and prosperous America, congressional Republicans must not negotiate and accept a deal that raises taxes.”
Comments »Wealth Gap Widens to Largest Margin Since Data Has Been Collected
Leave it to Taiwan News to report this one. Whites were found to be 20 x wealthier than Blacks and 18 x wealthier than Hispanics in the U.S.
Comments »3M Profits Meet Expectations; Co. Gives Lower guidance
U.S. Markets Fall on Debt Concerns
Richmond Fed Index: Prior: 5, Mkt Expects 3, Actual -1….Consumer Confidence: Prior 58.5, Mkt Expects 56, Actual 59.5….New Home Sales: Prior 319k, Mkt Expects 320k, Actual -1% or 316k
UPS Sees 26% Gains in Profits Posting a $1.07 in EPS
Soros: Sa La Vie
Soros is retiring from money management complaining that regulation will make business harder. Of the $25.5 Bn he manages he will return about a billion to investors and manage the rest for himself and family.
Comments »U.S. Chain store sales Up 0.3% Last Week
Case Shiller 20 City Index: Prior -3.96%, Mkt Expects -4.4%, Actual +1%
Upgrades and Downgrades This Morning
Upgrades
BBT – BB&T Corp upgraded to Buy from from Hold at Rochdale
BHI – Baker Hughes target raised to $114 from $92 at Dahlman Rose
SOHU – Sohu.com upgraded to Buy from Underperform at Credit Agricole
FNSR – Finisar upgraded to Buy from Hold at Citigroup
RSTI – Rofin-Sinar Technologies upgraded to Buy at Stifel Nicolaus
PETM – PETsMART initiated with an Outperform at RBC Capital
BEAV – BE Aerospace target raised to $56 from $48 at RBC Capital Mkts
Downgrades
NVDA – NVIDIA downgraded to Sell at Needham
WRC – Warnaco Group downgraded to Neutral from Buy at Lazard
HCA – HCA target lowered to $38 from $40 at RBC Capital Mkts
VPRT – Vistaprint initiated with a Neutral at Piper Jaffray
STM – STMicroelectronics downgraded to Underperform from Neutral at Exane BNP Paribas
EE- El Paso Electric downgraded to Hold from Buy at Argus
RCII – Rent-A-Center downgraded to Hold at Stifel Nicolaus
Comments »Gapping up and Down This Morning
Gapping Up
COMV +10.5%, SANM +8.5%, SINA +2.2%, NTES +1.1%, WFT +7.5%, BRCM +8.1%, HLX +7.4%, BIDU +6.7%, HLX +7.4%, BIDU +6.7%, LXK +6.4%, SVU +5.6%, FNSR +4%, WFT +3.9%, SAPX +3.3%, COV +5.3%, CMI +5%, UA +4.6%, USAT +4.4%, MSPD +2.6%, CR +2.3%, HII +2.1%, , MSPD +3.8%, CR +2.3%, F +1.7%, OCNFD +83.2%,RIO +1.4%, EBAY +1.3%, RCL +1.1%, RSH +14.6%, SANM +10.6%, COMV +10.5%, BRCM +8.3%, DANG +4.7%, SOHU +2.9%, MT +0.9%, BHP +0.8%, GOLD +0.8%,YOKU +2.4%,
Gapping Down
STM -10.6%, QGEN -3.1%, WRC -1.1%, NUVA -1.9%, NVDA -2.2%, BP -1.9%, EE -1.7%, STEC -3.1%, DB -1.7%, FEN -5.7%, UCTT -10.2%, GES -1.8%, NFLX -9.4%, SONO -6.9%, SPWRA -4.2%, UBS -3.4%, CENX -3.3%,
FEN -5.7%, AEIS -4.6%, HCA -1.3%, IRE -4.5%, BAS -4.4%, BAS -4.4%,