I knew in my mind 1075 was an important level, but was clouded by all the noise from Europe. Glad i covered yesterday.
Comments »Monthly Archives: October 2011
A Story Mainstream Media Has Failed To Shout About
This is one screwed up story….
[youtube:http://www.youtube.com/watch?v=SeCft3Gr8ds 450 300] Comments »El-Erian: Look Out! CDS Are Widening Even For Germany Now
Warren Buffet is Pleased With The State of His Business’; Most Likely His Motivation to State Emphatically the Economy is Not Falling Into Recession
A Look at Who Might Be on the Chapter 11 List
In light of worries over American Airlines and Eastman Kodak it is important tot your portfolio to keep an eye outt for certain companies….
Comments »ISM Services: Prior 53.3, Market Expects 52.8, Actual 53.0
Upgrades and Downgrades This Morning
Upgrades
KMX – CarMax downgraded to Neutral from Outperform at Credit Suisse
WCN – Goldman Sachs resumes the Waste Services sector with a Neutral
YNDX – Yandex N.V. initiated with an Underperform at Credit Suisse
ROC – Rockwood Holdings upgraded to Overweight from Neutral at JP Morgan
SWN – Southwestern Energy initiated with an Overweight at boutique firm
ACOR – Acorda Therapeutics upgraded to Buy from Hold at Citigroup
APKT – Acme Packet upgraded to Outperform from Neutral at Wedbush
APOL – Apollo Group upgraded to Outperform from Neutral at Credit Suisse
RSG – Republic Services resumed with a Buy at Goldman
AGN – Allergan initiated with a Market Perform at JMP Securities
DIS – Walt Disney upgraded to Buy from Hold at Citigroup
VMW – VMware initiated with a Buy at Jefferies
RGC – Regal Entertainment upgraded to Neutral from Sell at Janney Montgomery Scott
CLH – Clean Harbors resumed with Neutral at Goldman
CBS – CBS upgraded to Buy from Hold at Citigroup
HPQ – Hewlett-Packard resumed with an Underweight at JP Morgan
Downgrades
GOOG – Google downgraded to Hold at Stifel Nicolaus
PAAS – Pan Am Silver downgraded to Underperform from Neutral at BofA/Merrill
AMD – Advanced Micro downgraded to Market Perform from Outperform at Bernstein
CTXS – Citrix Systems initiated with a Hold at Jefferies
CRM – Salesforce.com initiated with a Neutral at Ticonderoga
POL – PolyOne downgraded to Hold from Buy at Keybanc
LNKD – LinkedIn initiated with a Hold at Jefferies
DKS – Dick’s Sporting Goods downgraded to Neutral from Outperform at Credit Suisse
HD – Home Depot downgraded to Neutral from Buy at Goldman
NFLX – Netflix initiated with a Neutral at Sterne Agee
PKI – PerkinElmer downgraded to Hold from Buy at Deutsche Bank
KRA – Kraton Performance Polymers downgraded to Hold from Buy at Keybanc
Comments »Gapping Up and Down This Morning
Gapping up
MON +2.8%, ALU +5.5%, RIMM +2.2%, GPN +5.1%, YHOO +2.4%, AKAM +1.1%, NBIX +2.2%, DB +2%, RIO +1%,
COST +1%, MT +1.4%, NVAX +12.2%, AU +1.3%, DEJ +11.6%, TSPT +3.5%, BBL +1.3%, BCRX +10.7% RIO +1%,
NBIX +2.2%, CBS +0.8%, AKS +1.3%, ACOR +2.6%, DIS +1.1%,
Gapping down
APKT -14.5%, RVSN -5.9%, BCS -3.3%, FFIV -1.9%, TLM -3.1%, FFIV -2.9%, EBAY -2.9%, SAFM -2.7%, RVBD –
2.5%, YUM -1.5%, MS -3.0%, UBS -2.4%, RF -2.2%, IBN -1.4%, WFC -1.3%, STT -1.3%, BCS -0.7%, DANG –
1.3%, BIDU -1.1%, HD -1.4%, SINA -1.1%, TLM -3.8% , DKS -1.2%, EBAY -3%, YGE -2.4%, STD -3.8%,
Comments »In Play and On the Wires
The Greeks Shutdown Society to Protest Latest Measures in Austerity and Bailout Decisions
IMF Pushes For New Tools and Leverage Within THE ECB’s EFSF Fund
Push all you want, but a vote and charter mandate changes will be needed. Is there time for that ?
Comments »Costco, $COST, 4th Quarterly Profits Rise; Company Seeks to Raise Membership Fees
Stephen Roach: Recession, But not Like 2008
Samsung Looks To Ban iPhone Sales in Europe
Germany’s Merkel is Steadfast in the Decision That Issuing Shared Debt by ECB is Not the Right Direction
So again Germany is against the idea of leveraging the EFSF and creating a TARP style program. For the world this would be a simple one time solution…or at least a way to give relief to markets in peril. Germany states there is no one magic action that will solve the problem; and that the problem must be solved through austerity.
Comments »ADP Employment Report: Prior 89k, Mkt Expects 75k, ADP Estimate 91k
U.K. Second Q GDP Estimates are Slashed on Weak Consumer Spending
European Services and Manufacturing Index Fell More Than Expected
“Euro-area services and manufacturing output contracted more than estimated in September, adding to signs of a deepening slowdown as governments struggle to contain the region’s debt crisis.
A composite index based on a survey of purchasing managers in both industries fell to 49.1 in September from 50.7 in the previous month, London-based Markit Economics said today. That is less than an initial estimate of 49.2 published on Sept. 22. The index fell below 50, indicating contraction, for the first time in more than two years.”
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