Bitch turned out to be a liar….wonder why ?
Comments »Monthly Archives: August 2011
Irene Is Coming For Woodshedder
FDIC Puts Out a Report on Banking
Deposit Insurance Fund in the Black, Problem Bank List Shrinks, and Bank earnings has Improved Over The Past Quarter
Comments »New Home Sales: Prior 312k, Mkt Expects 310k, Actual 298k
Soros: There’s a Mystery Buyer of Euros Out There
Oil Analyst Brodrick: Crude Could Drop to $64.50
Nassim Taleb: Banks Have Hijacked Society
FLASH: BAC Off by Another 4.6%
Gasoline May Not Be Following WTI Down
Upgrades and Downgrades This Morning
Upgrades
COH – Coach upgraded to Buy from Hold at Jefferies
NBL – Noble Energy upgraded to Market Outperform at Howard Weil
ARUN – Aruba Networks initiated with a Buy at Brigantine
AOL – AOL initiated with an Outperform at Credit Agricole
LNN – Lindsay Corp upgraded to Buy from Neutral at Janney Montgomery Scott
HGSI – Human Genome initiated with a Buy at Brean Murray
IVN – Ivanhoe Mines upgraded to Speculative Buy from Hold at TD Newcrest
CNP – CenterPoint upgraded to Buy from Neutral at Suntrust
PCLN – Priceline.com initiated with an Outperform at Credit Suisse
AET – Aetna upgraded to Buy from Hold at Jefferies
RYL – Ryland Group upgraded to Neutral from Underperform at Credit Suisse
CYN – City National upgraded to Overweight from Equal Weight at Evercore
ALKS – Alkermes upgraded to Buy from Neutral at UBS
NRG – NRG Energy upgraded to Buy from Neutral at UBS
Downgrades
HRL – Hormel Foods downgraded to Market Perform from Outperform at BMO Capital
PEG – Public Service downgraded to Neutral from Buy at UBS
IHG – Intercontinental Hotels Group downgraded to Neutral from Outperform at Credit Suisse
COL – Rockwell Collins downgraded to Neutral at Wedbush
LNCR – Lincare downgraded to Hold from Buy at Citigroup
STP – Suntech Power downgraded to Sell at Collins Stewart
BYI – Bally Technologies target lowered to $43 at Brean Murray
Comments »Gapping Up and Down This Morning
Gapping up
GTAT +2.3%, RIO +3.6%, RF +3.6%, BHP+2.9%, RDS.A +2.3%, AZN +2.3%, PWR+7.6%, FMCN, NVS +2.9%, BAC +2.8%, BP +2.7%, +7.2%, SDRL +2%, AAPL +1.6%, C +1.5%, KEN+42.9%, LYG +6.8%, ARMH +6.1%, DB +4.4%, UBS +3.9%,
Gapping down
GFI -2.8%, AU -1.8%, SLV -1.6%, GOLD – 1.5%, RP -5.9%
Comments »In Play and On the Wires
Obama Administration Strives to Be More Business Friendly
Former IMF Chief Suggest BRICS Should Bail Out PIIGS
Rumor Has It: BofA to Go Bust
Justice Department Accuses Deutsche Bank of Lying About Mortgages; $ 1 Billion Suit Filed
China’s Manufacturing Declines Again; Now Down 40%+ From a few Years Ago
The Rise of the Swiss Franc is Causing profits to sag; UBS Pink Slips 3500 Jobs in Investment Banking Division
AP Survey Reveals No Recession, But Rather Tepid Growth
Fear factor is high on the list of worries, but those surveyed feel there will be no double dip….
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