Monthly Archives: August 2011
Multinationals Worry Over Rising Prices in China; Could China Export Inflation to the World?
Not only is input going up on raw materials, but now corporations have to deal with wage increases. Perhaps they will off shore somewhere away from China….
Comments »Upgrades and Downgrades This Morning
Upgrades
ORCL – Oracle upgraded to Buy from Outperform at Credit Agricole
EIX – Edison upgraded to Outperform from Neutral at Credit Suisse
JWN – Nordstrom upgraded to Buy at Stifel Nicolaus
WBSN – Websense downgraded to Hold at Stifel Nicolaus
CHKP – Check Point Software upgraded to Buy at Stifel Nicolaus
BUD – Anheuser-Busch InBev upgraded to Buy from Outperform at Credit Agricole
WY – Weyerhaeuser upgraded to Sector Perform at RBC Capital Mkts
BDX – Becton Dickinson upgraded to Outperform from Neutral at Mizuho
HPQ – Hewlett-Packard upgraded to Buy from Hold at Jefferies
ADSK – Autodesk ests and target lowered to $35 at RBC Capital Mkts
ATI – Allegheny Tech upgraded to Hold from Sell at Citigroup
ARG – Airgas upgraded to Buy from Neutral at Goldman
ADBE – Adobe Systems downgraded to Underperform at RBC Capital Mkts
COF – Capital One upgraded to Outperform at RBC Capital Mkts
HNR – Harvest Natural initiated with a Mkt Outperform at Rodman & Renshaw
PCX – Patriot Coal upgraded to Hold from Sell at Citigroup
PLL – Pall upgraded to Outperform at Wedbush
RIG – Transocean upgrade to Outperform from Market Peroform at Raymond James
FFIV – F5 Networks upgraded to Outperform from Market Perform at William Blair
CNQR – Concur Tech downgraded to Underperform at RBC Capital Mkts
DFS – Discover Financial Services upgraded to Top Pick at RBC Capital Mkts
Downgrades
ORCL – Oracle downgraded to Sector Perform at RBC Capital Mkts
DOW – Dow Chemical downgraded to Neutral from Buy at Goldman
TRH – Transatlantic Hldngs downgraded to Hold from Buy at Citigroup
CF – CF Industries downgraded to Neutral from Overweight at JP Morgan
EMN – Eastman Chem downgraded to Sell from Neutral at Goldman
AKAM – Akamai Tech downgraded to Market Perform from Outperform at Raymond James
IL – IntraLinks Holdings downgraded to Neutral at Credit Suisse
Comments »Gapping Up and Down This Morning
Gapping up
ADK +2.1%, TI +2%, E +1.8%, MDS +33.6%, UL +1.6%, EOG +1.5%, BCS +2.6%, SNY +2.3%, MBND +2.2%,RIO +1.3%, MNKD +17.3%, NVDA +11.9%, RRGB +10.1%, MCP +7.3%, BUD +4.8%, JWN +3.9%,
Gapping down
PAA -3.5%, ELX -3.4%, DV -8.8%, BODY -7.7%, CDTI -16.2%, TGB -2.2%, HBC -1.2%TFCO -14.5%, BYI -13.5%, QPSA -12.8%, RENN -11.6%,
In Play and On the Wires
S&P 500 Death Cross Makes an Appearance
Analyst and Trader Comments on the Short Selling Ban is Not Fit for Mainstream Media
We all know that short selling bans make markets more dysfunctional and tend to produce the opposite intended result.
Comments »Consensus Has Moved to the QE3 Camp; Saying The Fed is More Likely to Expand the Balance Sheet
Retail Sales: Prior 0.0%, Mkt Expects 0.2%, Actual 0.5%
Make No Mistake About European Debt Woes Being the Largest Threat to the Global Economy
Emerging Economy Equity Funds See the Third Largest Outflow of Funds This Past Week
China’s Loan Growth Slows to New Lows for 2011; Not a Healthy Prospect for the Fastest Growing Economy
China usually is a good indicator for the world economy. When their economy cools it usually signals recession for most developed nations.
Comments »Will High Volatility Have a Negative Impact on Bank Earnings ?
Trading revenues for the first 6 months have already fallen by 13%. Volatility may also hurt earnings.
Comments »Economists Come to Agree That U.S. Growth Will be 1% Less Than Last Months Forecast
Yuan Continues to Climb; Seen as a Hidden Stimulus
The theory goes that a stronger currency give China more buying power for products in G-7 nations.
Comments »High Frequency Trading Tripled During the Past Few Weeks of Global Debacle
(in a robots voice:) Humans are slow and illogical ! Computers will rule the world soon.
Comments »European Industrial Production Slows; France Throws Up a Goose Egg for GDP
FLASH: European Stocks Rally Off Lows
Now down less than 1%. Who knows where these maniacs will trade today. They need US leadership.
Related: US futures are rallying, now down 12.
Comments »FLASH: French Banks Sell Off Despite Short Sale Ban
SocGen -4,65, BNP -3,04%, Axa -3,36%, Crédit Agricole -1,64%
Comments »FLASH: Crack Spreads Hit New Highs
+2.5% to $35. Cheaper crude is good for refiners.
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