Sheriffs and the movers refused to evict a 103 year old lady.
Comments »Yearly Archives: 2011
Warren Buffett’s Favorite Indicator Still Chu Chuing Along
“No signs of recession in this data. The weekly rail traffic has been incredibly consistent in recent months with low single digit readings in carloads and intermodal traffic. It’s certainly not indicative of a booming economy, but it’s also not indicative of a shrinking economy. AAR has this week’s details:
Comments »“The Association of American Railroads (AAR) today reported gains in weekly rail traffic, with U.S. railroads originating 265,304 carloads for the week ending Nov. 26, 2011, up 4 percent compared with the same week last year. Intermodal volume for the week totaled 190,866 trailers and containers, up 3.7 percent compared with the same week last year.”
Technical Analysis: Santa May See a Continued Risk on Trade
Bank of Korea is Just the Latest Central Bank to Accumulate Gold: Position Increased by 39% or $1 Billion
Robert Reich: Low Wages Fueling 1929-Style Economy
Make your own way if you can. During hard times fortunes can be made if you rely on yourself as opposed to an employer.
Comments »Marc Faber: Economic Crash Looms in China
Unemployment Rate Falls on Job Seekers Quitting the Hunt Along With People Falling Off the Bread Line
Soros: World Financial System on Brink of Collapse
Chart Porn: The Employment Report
A way for you to see where we are really at in employment data for this recession compared to others.
Comments »Upgrades and Downgrades This Morning
Upgrades
INTU – Intuit resumed with a Neutral at Goldman
AUQ – Aurico upgraded to Buy from Neutral at BofA/Merrill
N – NetSuite resumed with a Buy at Goldman
MAPP – MAP Pharma initiated with an Overweight at JP Morgan
DCO – Ducommun initiated with a Buy at Auriga
ENR – Energizer initiated with a Buy at Janney Montgomery Scott
XYL – Xylem initiated with a Buy at Keybanc
SHOO – Steven Madden initiated with a Buy at Canaccord Genuity
NPO – Enpro Industries initiated with a Buy at Keybanc
ONE – Higher One initiated with a Buy at Suntrust
ANTH – Anthera Pharma upgraded to Outperform from Neutral at Wedbush
CLF – Cliffs Natural Resources initiated with an Outperform at Credit Suisse
NMM – Navios Maritime Partners initiated with an Overweight at JP Morgan
WDC – Western Digital upgraded to Buy from Hold at ThinkEquity
ADI – Analog Devices upgraded to Buy from Neutral at Sterne Agee
ECL – Ecolab resumed with a Neutral at Goldman
RTLX – Retalix initiated with an Outperform at JMP Securities
UHS – Universal Health initiated with an Outperform at BMO Capital
APH – Amphenol upgraded to Outperform from Neutral at Macquarie
LULU – lululemon athletica upgraded to Buy from Underweight at Keybanc
PROJ – Deltek initiated with an Outperform at JMP Securities
SLF – Sun Life upgraded to Equal Weight from Underweight at Morgan Stanley
JCI – Johnson Controls initiated with a Buy at Lazard
CCI – Crown Castle initiated with an Outperform at Macquarie
ROG – Rogers Corp initiated with a Mkt Outperform at Rodman & Renshaw
AMT – American Tower initiated with an Outperform at Macquarie
WNR – Western Refining upgraded to Outperform from Neutral at Credit Suisse
NM – Navios Maritime initiated with an Overweight at JP Morgan
HFC – HollyFrontier upgraded to Buy from Neutral at BofA/Merrill
KAMN – Kaman initiated with a Hold at Auriga
UTIW – UTI Worldwide initiated with a Buy at Lazard
Downgrades
THC – Navios Maritime Acquisition initiated with a Neutral at JP Morgan
SBAC – SBA Comm initiated with a Neutral at Macquarie
ULTI – Ultimate Software resumed with a Sell at Goldman
INFY – Infosys initiated with a Hold at Jefferies
HELE – Helen of Troy initiated with a Neutral at Janney Montgomery Scott
TGH – Textainer Group downgraded to Neutral from Buy at Suntrust
CSOD – Cornerstone OnDemand resumed with a Buy at Goldman
CLS – Celestica downgraded to Sell at Ticonderoga
ARGN – Amerigon initiated with a Hold at Needham
LPX – Louisiana-Pacific downgraded to Sector Perform from Outperform at RBC Capital
CM – CIBC downgraded to Neutral from Buy at UBS
TEL – TE Connectivity downgraded to Neutral from Outperform at Macquarie
TNK – Teekay Tankers initiated with a Neutral at JP Morgan
EXEL – Exelixis downgraded to Neutral from Buy at Lazard
BECN – Beacon Roofing Supply downgraded to Hold from Buy at Keybanc
SIRO – Sirona Dental Systems removed from Conviction Buy List at Goldman
GES – Guess? downgraded to Neutral from Buy at Citigroup
TOO Teekay Offshore initiated with a Neutral at JP Morgan
PPG – PPG Industries downgraded to Neutral from Buy at Goldman
AEE – Ameren downgraded to Underperform from Neutral at BofA/Merrill
Comments »Gapping Up and Down This Morning
Gapping up
BP +1.5%, TOT +1.2%, MITL +19.5%, ZUMZ +11.3%, WDC +9.4%, BCS +4.4%, DB +3.5%, BAC +3.1%, ALEX +9.3%,
ING +7.6%, LOGI +4.6%, LYG +2.7%, UBS +2.6%, PVH +2%, SDRL +1.9%, IBN +2.8%, DB +3.5%, MS +3.4%,
GNW +3.4%, E +1.8%, STO +1.4%, TOT +1.2%, CVX +1.1%, ALEX +9.3%, LULU +2.8%
Gapping down
EEP -4.7%, HRB -4.1%, RIMM -3.9%, AVGO -2.7%, BIG -5.5% , ROIC -1.5%, VSNT -4.2%, STX -4.3%, NVS -1.1%,
EEP -4.7%, CLS -4.3%, GES -1.4%
Comments »In Play and On the Wires
Non Farm Payrolls: Prior 80k, Market Expects 123k, Actual 120k…Unemployment Rate 8.6%
Market Bets on Positive Surprise in Jobs Data
Zynga Plans a $925 Million IPO
Research In Motion Misses Estimates
Copper Traders Get Bullish; Fist Feeling of Hope Since October
Italian and Spanish Bonds Rise for a Third Day Calming Nerves of the Global Markets
For how long is the question. Everyone will wait for a meeting next week to see if solutions arise and if the ECB will cut rates.
Comments »Goldman and HSBC Forecast Rate Cuts For China in 2012
China walks a fine line between inflation and growth, but now that the first rate cut is in we might see more.
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