Novice investor / traders need to be schooled for this market
Monthly Archives: August 2011
Upgrades and Downgrades This Morning
Upgrades
LLY – Eli Lilly upgraded to Buy at Argus
OAS – Oasis Petroleum upgraded to Outperform at Morgan Keegan
MRO – Marathon Oil upgraded to Outperform from Market Perform at Raymond James
MO – Altria upgraded to Buy from Neutral at Davenport
MOS – Mosaic upgraded to Buy at Ticonderoga
PKI – PerkinElmer upgraded to Outperform from Neutral at Mizuho
CSCO – Cisco Systems upgraded to Buy from Neutral at Gleacher
ENDP – Endo Pharm upgraded to Overweight from Neutral at Piper Jaffray
WYNN – Wynn Resorts upgraded to Buy from Neutral at Lazard
CREE – Cree upgraded to Buy from Hold at Canaccord Genuity
NOG – Northern Oil & Gas upgraded to Accumulate at Global Hunter Securities
SNX – Synnex upgraded to Buy at Stifel Nicolaus
AZO – AutoZone upgraded to Buy from Hold at Citigroup
OPEN – OpenTable upgraded to Buy from Hold at Citigroup
PLCE – Children’s Place added to Best Ideas List at Wedbush
CLR – Continental Resources upgraded to Outperform at Morgan Keegan
RAH – Ralcorp Holdings upgraded to Buy at Stifel Nicolaus
SWN – Southwestern Energy upgraded to Neutral at Global Hunter Securities
SNDK – SanDisk initiated with an Outperform at Bernstein
TWTC – Time Warner Tcom upgraded to Strong Buy from Outperform at Raymond James
NEM -Newmont Mining upgraded to Buy at Stifel Nicolaus
ESV – Ensco upgraded to Buy at Global Hunter Securities
Downgrades
ROSE – Rosetta Resources downgraded to Market Perform from Strong Buy at Raymond James
AOL – AOL target lowered to $15 at RBC Capital Mkts
Comments »Gapping Up and Down This Morning
Gapping up
CSCO +0.6%, LVS +0.5%, UBS +2.6%, ABB +2.2%, CLNE+2.1%, BAC +2.1%, EPD +2%,VTSS +19.5%, DMD +16.9%, MCP +3.9%, HRBN +1.9%, HEK +0.7%, HRBN +8.1%, GLUU +6.2%, MBI+5.2%, NUAN +4.5%, IP +2.8%,AERL +0.6%, DROOY +2.7%, SLW +1.7% RL +8.5%, MBI +5.2%, SBLK +5%, NUAN+4.5%, M +4%, EVEP +3.5%,AU +1.5%, NEM +1.1%, REE +3.1%, QGEN +2.4%, OPEN+4.2%, FSLR +2.6%, VMW +1.1%,SMT +14.6%, CREE +9.5%,
Gapping down
STD -2%, DIS -1.2%, MOTR -49.2%, RIO -3.1%, SPWRA-2.6%, GS -2.2%, GS -2.2%, STD -2%, DIS -1.2%SATC -4.9%, MT -3.8%,
In Play and On the Wires
El-Erian: Unprecedented Fed to the Rescue
3 Hedge Funds Making Money Right Now
Citigroup Breaks Out the Guillotine For Retailers
Jeremy Grantham: My Worst Fears Are Being Realized, The US Is A Banana Republic
Mortgage Applications Rose 21% Last Week
Goldman Revises QE Expectations; Stating QE Has a Greater Chance of Occurring
HSBC Sells Their Credit Card Arm to Capital One for $33 Billion
Hackers Force a Shutdown of the Hong Kong Exchange
Fed Actions Lowers Insurance Costs on U.S. Debt; CDs Lose 4 BPS
The ECB Slows Purchases of Italian and Spanish Bonds Already
Yuan Rises to 17 Year High After Fed Action
I remember Schiff saying this would happen years ago; but by now the dollar would be worthless and the Yuan would be king.
Comments »China May Not Raise Rates Well Into 2012
South Korea Keeps Short Sale Ban in Place Until November 9th
High Volatility Plus Low Visibility Equals Money In Farmland; The Big Boys Do it Should You?
Swiss Central Bank Intervenes Yet Again to Discourage Safe Haven Buying; France Falls
European Markets Back at Session Highs
Up on average of 1.5% on the backs of the better than expected Italian bond auction.
Related: US futures are rising, now flat on the session.
Comments »
