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Monthly Archives: November 2011

Soros Warns The ECB Must Stop the Bond Run

“Billionaire investor George Soros believes the euro zone bond market is facing a similar situation to the banking system in 2008 and wants the European Central Bank to step in to stop a self-fulfilling crisis of confidence.”

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Upgrades and Downgrades This Morning

Upgrades

ATRO – Astronics initiated with a Hold at Auriga

AVGO – Avago Tech initiated with a Buy at Lazard

RIG – Transocean resumed with a Buy at Dahlman Rose

NWSA – News Corp upgraded to Positive from Neutral at Susquehanna

ESL – Esterline Techs initiated with a Market Perform at Wells Fargo

VOXX – Audiovox initiated with a Above Average at Caris & Company

QPSA – Quepasa initiated with a Mkt Outperform at Rodman & Renshaw

DTSI – DTS initiated with an Outperform at JMP Securities

NVDA – NVIDIA upgraded to Buy from Under Perform at Needham

WGL – WGL Holdings upgraded to Buy at Brean Murray

PSS – Collective Brands upgraded to Buy from Hold at Auriga

DRC – Dresser-Rand initiated with an Outperform at Wells Fargo

ICON – Iconix Brand initiated with a Buy at Citigroup

AN – AutoNation upgraded to Neutral from Sell at Goldman

TRLG – True Religion initiated with a Buy at Citigroup

FF – First Financial Fund Inc. initiated with an Outperform at Wedbush

DLB – Dolby Labs upgraded to Outperform at Barrington Research

ALTR – Altera initiated with a Buy at Lazard

INAP – InterNAP resumed with an Outperform at Wells Fargo

DAL – Delta Air Lines initiated with an Outperform at Raymond James

EQIX – Equinix resumed with an Outperform at Wells Fargo

DOLE – Dole Food downgraded to Underperform from Neutral at BofA/Merrill

ENTR – Entropic Comms initiated with a Buy at Mizuho

DAN – Dana Holding initiated with a Buy at UBS

SMP – Standard Motor downgraded to Sell from Neutral at Goldman

Downgrades

MSFT – Microsoft initiated with a Hold at ThinkEquity

TWO – Two Harbors Investment initiated with a Neutral at Sterne Agee

TSL – Trina Solar downgraded to Sell from Hold at Auriga

WYNN – Wynn Resorts downgraded to Neutral from Buy at Janney Montgomery Scott

AMGN – Amgen downgraded to Market Perform from Outperform at BMO Capital

TSLA – Tesla Motors initiated with a Hold at Wunderlich

XLNX – Xilinx initiated with a Neutral at Lazard

INTU – Intuit initiated with a Buy at ThinkEquity

FMCN – Focus Media downgraded to Neutral from Overweight at JP Morgan

COT – Cott estsimates reduced at Stifel Nicolaus

AFL – AFLAC downgraded to Neutral from Buy at Suntrust

VRUS – Pharmasset downgraded to Hold at Canaccord Genuity

NCIT – NCI downgraded to Neutral from Buy at Suntrust

MTOR – Meritor downgraded to Equal Weight from Overweight at Barclays

AH – Accretive Health initiated with a Neutral at Cowen

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Gapping Up and Down This Morning

Gapping up

ZLC +11%, LNG +9.8%,  SIG +4.4%, ADI +2.3%, FMCN +6.9%, DCTH +6.3%, BRCD +4.9%, RENN +1.8%,

YOKU +1.7%, JACK +0.7%, AUY +1.1%, SINA +2%, HMY +1%, SLW +1%,  BWEN +37.9%,  LNG +8%,   TTM +6.4%,

DCTH +8.3%, ABX +0.9%, GDX +0.7%, PPHM +25.6%, GFI +0.6%, CVS +0.7%,

 

Gapping down

FRO -26.8%, JKS -12.3%, PSS -8.8%, PWRD -7.6%, FIO -6.1%, TSL -6.1%, ALU -5.4%, NFLX -2%, HPQ -1.6%,

STP -2.7% , DB -2.9%, BBVA -2.8%, LYG -2.7%, CS -1.4%, HBC -1%,  SFL -9.5%, LEN -2.7%, WYNN -1.3%,

AMGN -0.4%,

 

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Germany Has Run Out of Bullets as They Refuse to Budge On Debt Resolution

Germany is standing pat in Europe’s debt crisis, rejecting calls from allies and investors to do more to counter market turmoil, said Michael Meister, a senior lawmaker in Chancellor Angela Merkel’s coalition.

“We don’t have any new bazooka to pull out of the bag,” Meister, the Christian Democratic bloc’s finance spokesman and deputy leader in parliament, said in Berlin today. “We see no alternative to the policy we are following,” which calls for budget cuts and keeping the European Central Bank from becoming a lender of last resort, he said in a telephone interview.”

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