Some companies are in a holding pattern for fear of another meltdown…
Comments »Monthly Archives: August 2011
EU Member Nations Begin to Demand Collateral From Greece; Making Tough Negotiations More Complicated
A New Sheen Develops in the Gulf
The Fed’s William Dudley Reads a News Paper
Upgrades and Downgrades This Morning
Upgrades
SINA – Sina upgraded to Buy from Hold at ThinkEquity
HOG – Harley-Davidson initiated with a Buy at Keybanc
BIIB – Biogen Idec upgraded to Outperform at Oppenheimer
BWA – Borg Warner upgraded to Neutral from Sell at Goldman
SWI – SolarWinds initiated with a Buy at Jefferies
DHR – Danaher initiated with an Outperform at Macquarie
CHKP – Check Point Software initiated with a Buy at Jefferies
FTNT – Fortinet initiated with a Hold at Jefferies
QSFT – Quest Software initiated with a Hold at Jefferies
TEN – Tenneco upgraded to Buy from Neutral at Goldman
WMS – WMS Industries upgraded to Neutral from Sell at Goldman
AKR – Acadia Realty Trust upgraded to Buy at KeyBanc Capital Mkts
BMC – BMC Software initiated with a Buy at Jefferies
NOK – Nokia upgraded to Hold from Underperform at Jefferies
CR – Crane upgraded to Outperform at FBR Capital
CSIQ – Canadian Solar upgraded to Neutral from Underweight at Piper Jaffray
BPO – Brookfield Properties upgraded to Buy at Stifel Nicolaus
Downgrades
IR – Ingersoll-Rand downgraded to Market Perform from Outperform at Bernstein
TRW – TRW Automotive downgraded to Neutral from Buy at Goldman
HON – Honeywell downgraded to Market Perform from Outperform at Bernstein
VE – Veolia Environnement downgraded to Neutral from Buy at UBS
AKAM – Akamai Tech initiated with an Underperform at Jefferies
NTAP – NetApp downgraded to Market Perform from Outperform at William Blair
BEAV – BE Aerospace downgraded to Outperform from Top Pick at RBC Capital
GT- Goodyear Tire downgraded to Sell from Neutral at Goldman
OFC – Corp Office Props downgraded to Hold at Stifel Nicolaus
PLD – ProLogis downgraded to Hold at Stifel Nicolaus
Comments »Gapping Up and Down This Morning
Gapping Up
OCLR+2.3%, HOTT +6.2%, QIHU +9.7%, CNX +6.1%, SINA+5%, SNPS +4.5%, CACI +6.7%, NTES +4.2%, LTD+3.4%,
Gapping Down
GENT -26.1%, BHP -3.5%, AVB -3.9%, MT -3.7%, CS -3.5%, BBL -3.5%, RIO -3.4%, JDSU -2.1%, STD -3.1%, HBC -2.9%, DB -2.1%,HPQ -2%, CREE -1.8%, RDS.A -1.7%, RVBD -1.5%, BP -1.2%, NTAP -12.5%, LYG -7%, IRF -6.3%, MGM -5.8%, IVR -5%, BCS -4.9%, UBS -4.3%,
In Play and On the Wires
Initial Claims: Prior 395k, Mkt Expects 400k, Actual 408k …CPI: Prior -0.2%, Mkt Expects -0.2%, Actual +0.5%
Unknown Bank Borrows ECB Dollar Loan; This is the First Loan in Over a Year Signalling a Banking Freeze
Doug Kass: Selling is Overdone
U.S. Regulators Fret Over a Banking Freeze in Europe
Japan’s Exports Fall More Than Expected
Gold is Back Over $1800
Nothing in the media that has been espoused to hurt gold has come to fruition. Gold barely sells off these days.
Comments »China Curbs Stop Home Prices From Rising
After many efforts the Chinese have managed to stop housing prices from rising. Hopefully they will not go to far and crash the market…..which would cause some serious problems for the banking sector that Hugh Hendry has been talking about.
Comments »“Insufficient Policy Response” in Europe Causes Morgan Stanley to Lower Global growth Estimates
Here We Go Again: “Speculators” Drive Up Spanish and Italian Bond Yields
$10 Billion is too Low For Beer Mate
Crude Oil Falls Over Night on Lower Demand Expectations
Top Asset Manager Will Not Buy Chinese Bank Stocks As Bad Loans are “Shockingly High”
You’ve heard of Rajiv Jain right ? Any way he is a top money manager and he says local governments are having a tough go at paying debt while the banks are exposed to mountains of real estate debt that could go back due to falling prices.
Comments »Global Markets Slide On Central Bank Comments; Europe Turns In the Worst Performance
Fed officials said that investors should not be protected and a Swedish regulator said that banks are prepared for a banking freeze.
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