The Eu is in object and reject mode
Comments »Monthly Archives: October 2011
Upgrades and Downgrades This Morning
Upgrades
HELE – Helen of Troy upgraded to Neutral from Sell at Wedbush
CMG – Chipotle Mexican Grill initiated with an Outperform at Credit Suisse
BEAM – Beam upgraded to Buy from Neutral at Goldman
CVC – Cablevision upgraded to Hold from Sell at Hudson Square
AXP – American Express assumed with a Hold at Jefferies
AMR – AMR upgraded to Buy from Hold at Capstone
MA – MasterCard initiated with a Buy at Guggenheim
SODA – SodaStream upgraded to Buy from Hold at Deutsche Bank
EXPE – Expedia upgraded to Positive from Neutral at Susquehanna tgt raised to $30 from $28
ERIC – LM Ericsson upgraded to Buy from Hold at Citigroup
FST – Forest Oil upgraded to Buy from Hold at Canaccord Genuity
Downgrades
SON – Sonoco Products downgraded to Hold at Argus
MDR – McDermott removed from Conviction Buy List at Goldman
BHP – BHP Billiton upgraded to Outperform from Neutral at Credit Suisse
NIHD – NII Holdings downgraded to Neutral from Buy at Mizuho
IRM – Iron Mountain downgraded to Neutral from Outperform at Macquarie
V – Visa initiated with Neutrals at Guggenheim
DFS – Discover Financial Services initiated with a neutral at Guggenheim
SWC – Stillwater Mining removed from U.S. Focus List at Credit Suisse
CLI – Mack-Cali Realty downgraded to Sell at Stifel Nicolaus
RVBD – Riverbed Technology target lowered to $28 from $33 at RBC Capital Mkts
FFIV – F5 Networks target lowered to $100 from $140 at RBC Capital Mkts
DNDN – Dendreon initiated with an Underperform at Imperial Capital Research
LO – Lorillard downgraded to Neutral from Buy at Goldman
HOG – Harley-Davidson target lowered to $46 from $52 at RBC Capital Mkts
PLCM – Polycom target lowered to $28 from $35 at RBC Capital Mkts
PPDI – PPD Inc. downgraded to Equal Weight from Overweight at First Analysis
JNPR – Juniper Networks target lowered to $24 from $33 at RBC Capital Mkts
Comments »Gapping Up and Down This Morning
Gapping up
KCI +0.6%, SOMX +47.5%, AMR +10.6%, UAL +1.9%, DFS +0.6%, LCC +1.5%.UBS +4.5%, TISI +4.3%, MCP +2.9%,
SLV +1.6%, YHOO +1.4%, STP +4.7%, SODA +3%, ERIC +1.4%,
Gapping down
the world, FIG -5.2%, RVBD -1.9% , DB -3%, COF -2%, BCS -2%, AXP -2.3%, CRH -2%, CAG -1.2%, C -1.2%, BP -1%,
CLI -3%, EK -9.7%, SDRL -3.6%, WFT -3.3%, CHK -3.2%, DANG -7.5%, YOKU -4.6%, SINA -3%, BIDU 2.7%, SOHU -1.3%,
Comments »In Play and On the Wires
More Fun to Come; Putin Eyes a Eurasian Union
UBS Makes The Case For Buying Stocks Based on the Fear Index AKA The VIX
This Indicator Has a 0.925% Correlation to the S&P Equities
Retailers Realize Lost Customers are Not Coming Back
Everyone is Talking About Deja vu
ECB Suspends Greek Bailout Tranche Until Mid November
This story says Greece has enough money to go without a tranche until November. Thus the ECB has suspended the next bailout tranche until they can get bondholders and banks to agree on greater losses.
RT journalist reported over the weekend that Greece has only 8 days of money left. Go figure the truth about this mess.
Comments »Ford Strikes a Preliminary Deal With the UAW
Brazil’s Central Bank to Rule Out Interest Rates Cuts For Now
That may change soon given a global slowdown and their sensitivity to inflation.
Comments »China Slowdown Worries Mount
As China slows the world understands how much they contribute to global growth.
Comments »China Says U.S. Risks a Trade War Will Currency Bill
MACD Indicator Suggests The Euro Has More Downside
Australia’s Central Bank Considers Lowering Interest Rates
French and Belgium Governments Pledge Help For Dexia
Asset impairment has the stock down large and is receiving promises for a second bailout.
Comments »Global Markets Get Crushed Overnight
California Will Go Bust
California and Bust
The smart money says the U.S. economy will splinter, with some states thriving, some states not, and all eyes are on California as the nightmare scenario. After a hair-raising visit with former governor Arnold Schwarzenegger, who explains why the Golden State has cratered, Michael Lewis goes where the buck literally stops—the local level, where the likes of San Jose mayor Chuck Reed and Vallejo fire chief Paige Meyer are trying to avert even worse catastrophes and rethink what it means to be a society.
Read the rest here.
Comments »Flash: European Futures Indicate More Pain
FTSE -98, DAX -105, CAC -60
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