Conoco plans to spin off its refinery unit. Net income fell to a $1.91 per share from $2.05
Comments »Monthly Archives: October 2011
Medco Health Beats Estimates
Home Sales Rise More Than Expected
Michael Maloney: “We Pay Tax for the Privilege to Have Currency” (video)
[youtube://http://www.youtube.com/watch?v=hxdsfa8OFVc&feature=player_embedded 450 300]
Comments »Investors Get a Hedge Fund Return Shaft Despite October Rally
Cheniere and BG Complete a $8 Billion LNG Export Deal
PARLIAMENTARY SOURCE SAYS GERMANY’S BUNDESTAG LOWER HOUSE OF PARLIAMENT APPROVES MOTION TO STRENGTHEN EFSF VIA LEVERAGE
Let’s rally on the same news again and again!
Comments »Upgrades and Downgrades This Morning
Upgrades
NFLX – Netflix upgraded to Buy at Hudson Square Research
SGY – Stone Energy initiated with a Buy at Global Hunter Securities
REGN – Regeneron Pharms upgraded to Outperform from Market Perform at Leerink Swann
CP – Canadian Pacific downgraded to Underweight from Neutral at JP Morgan
VAL – Valspar upgraded to Buy from Neutral at Citigroup
CSGP – CoStar Group resumed with a Buy at Needham
ALB – Albemarle upgraded to Neutral from Underperform at BofA/Merrill
AMTD – TD Ameritrade upgraded to Buy from Outperform at Credit Agricole
NOK – Nokia initiated with a Outperform at Northland Securities
Downgrades
SM – SM Energy initiated with an Overweight at Barclays
FSLR – First Solar downgraded to Hold from Buy at Jefferies
BTU – Peabody Energy target lowered to $50 at Brean Murray
POL – PolyOne downgraded to Market Perform from Outperform at Wells Fargo
DTE – DTE Energy downgraded to Equal Weight from Overweight at Barclays
CHRW – C.H. Robinson downgraded to Neutral from Buy at BofA/Merrill
ALV – Autoliv downgraded to Hold from Buy at Keybanc
HGSI – Human Genome downgraded to Hold from Buy at Brean Murray
YOKU – Youku.com downgraded to Neutral from Positive at Susquehanna
HCN – Health Care REIT initiated with an Overweight at Barclays
YGE – Yingli Green Energy downgraded to Neutral at Collins Stewart
FFIV – F5 Networks target raised to $100 from $92 at Stifel Nicolaus
CE – Celanese downgraded to Neutral from Buy at Citigroup
MET – MetLife downgraded to Neutral from Overweight at Atlantic Equities
SDRL – Seadrill Ltd downgraded to Equal Weight at Johnson Rice
DGX – Quest Diagnostics downgraded to Neutral from Outperform at Macquarie
MG – Mistras Group downgraded to Hold at KeyBanc Capital Mkts
DV – DeVry downgraded to Neutral from Overweight at JP Morgan
NUS – Nu Skin target raised to $51 from $46 at Stifel Nicolaus
RSH – RadioShack downgraded to Neutral from Buy at Goldman
NYT – New York Times downgraded to Neutral from Buy at Citigroup
AMZN – Amazon.com target lowered to $265 from $280 at Stifel Nicolaus
FIRE – Sourcefire downgraded to Neutral from Buy at Citigroup
ING – ING Group downgraded to Underperform from Neutral Exane BNP Paribas
Comments »Gapping up and Down This Morning
Gapping up
BBL +1.3%, MAR +1.2%, BCS +1%, MCK +4%, DVAX +3.9%, LIFE +3.9%, ESRX +3.3%, DB +1.9%, UBS +1.8%,
SLV +1.4%, ACGL +1.4%, QCOR +13.4%, PNRA +10.2%, FFIV +8%, VLO +6.7%, SXL +5.3%, MTW +5.2%, ANH +3.9%
VAL +1.6%, MAR +1.2%, SDRL +1.9%, TOT +1.1%, CHK +1.1%, E +1%, AG +2.1%, FCX +1.8%, BBL +1.3%,
SLW +0.9%, BHP +0.4%, GLD +0.2%,
Gapping down
BRCM -4.9%, RSH -4.4%, MET -4.2%, CENX -3.9%, TJX -3.7%, DWA -1.7%, HGSI -13.6%, AMZN -11%,
DV -8.9%, MASI -6%, FTI -5.2%,
Comments »In Play and On the Wires
FLASH: Raj Gupta, Former Goldman Executive, Arrested by FBI This Morning
No charges rendered yet
Comments »Durable Goods: Prior -0.1%, Market Expects -1%, Actual -0.8%
Greenspan: European Union Doomed to Fail
State Debt Reaches $4 Trillion
A Second Look at Earnings Guidance
Goldman Reiterates That The Fed Needs to Use Unconventional Policy to Raise NGDP
Airlines Squeeze Passengers for a 87% Hike in Ancillary Revenue
FLASH: Greek Haircut is Nearly a Done Deal for a 50% Haircut
Reports are coming out of Europe that a 50% haircut will have to be taken by bond holders…..
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