Call of duty hits it out of the park
Comments »Yearly Archives: 2011
Volatility Chart Porn Suggests a Bullish Entry Point
Bullish Sentiment Remains Above 40%
Warren Buffett’s Favorite Indicator Suggests There is Still No Recession
“Total carloads were up 0.5% while intermodal traffic is up 5.2%. YTD carloads are up 1.8% which is about consistent with what we’ve seen from real GDP.”
Comments »Crimes Unpunished Hurt Confidence
Obama has pursued less criminal charges as opposed to the Reagan and Bush eras.
Comments »Shanghai Hikes Silver Margin Requirements by 15%+
Bob Janjuah: “Germany Will Walk, And The S&P Will Undershoot To 700 In 2012”
Templeton’s Mobius: New Crisis Lurking ‘Around the Corner
“The world didn’t learn its lesson from the recent financial collapse and is doomed to repeat a new downturn in the near future, says Mark Mobius, head of the $50 billion emerging markets unit at Templeton Asset Management.
“There is definitely going to be another financial crisis around the corner because we haven’t solved any of the things that caused the previous crisis,” Mobius says, according to Forbes Magazine.
Complex financial derivatives, especially credit default swaps tied to the housing sector, threw the country into the worst recession since the Great Depression, and are still out there — all $600 trillion of them — trading without proper oversight or care, Mobius says.”
Comments »Upgrades and Downgrades This Morning
Upgrades
ARUN – Aruba Networks upgraded to Buy from Neutral at Janney Montgomery Scott
MOS – Mosaic initiated with a Buy at Lazard
PERY – Perry Ellis downgraded to Neutral from Buy at Suntrust
SPRD – Spreadtrum Comms initiated with an Outperform at Credit Suisse
NLY – Annaly Capital Mgmt downgraded to Market Perform from Outperform at Keefe Bruyett
SJM – J.M. Smucker added to Focus List at JP Morgan
RCL – initiated with a Buy at Jefferies
AGU – initiated with a Buy at Lazard
PANL – Universal Display initiated with a Buy at Goldman
CF – initiated with a Buy at Lazard
CREE – Cree initiated with a Buy at Goldman
POT – initiated with a Buy at Lazard
EQY – Equity One upgraded to Buy from Hold at ISI Group
ERF – Enerplus Res Fd Trust initiated with an Underweight at Barclays
MASI – Masimo initiated with an Underperform at BofA/Merrill
HPQ – Hewlett-Packard upgraded to Buy from Neutral at Sterne Agee
SNN – Smith & Nephew initiated with a Buy at Societe Generale
BC – Brunswick initiated with a Market Perform at BMO Capital
JCI – Johnson Controls initiated with an Outperform at Macquarie
AMR – AMR upgraded to Hold at Dahlman Rose
BCSI – Blue Coat upgraded to Neutral from Sell at Miller Tabak
MSCC – Microsemi initiated with a Buy at Cantor Fitzgerald
BTE – Baytex Energy Trust initiated with an Overweight at Barclays
DXCM – Dexcom upgraded to Buy from Hold at Capstone
BCSI – Blue Coat upgraded to Neutral at Sterne Agee
FLS – Flowserve initiated with an Outperform at Wedbush
TSU – TIM Participacoes initiated with an Outperform at Bernstein
XEL – Xcel Energy upgraded to Outperform from Neutral at Macquarie
CNX – CONSOL Energy initiated with a Buy at CRT Capital
RATE – Bankrate target raised to $24 from $21 at Stifel Nicolaus
VIV – Vivo Participacoes initiated with a Market Perform at Bernstein
MRTN – Marten Transport upgraded to Buy at Stifel Nicolaus
BCSI – Blue Coat target raised to $28 from $25 at Stifel Nicolaus
PEGA – Pegasystems initiated with a Buy at The Benchmark Company
F – Ford Motor remains Ticonderoga’s top pick in the auto sector
CTAS – Cintas upgraded to Buy from Neutral at Citigroup
Downgrades
XCO – Exco Resources downgraded to Hold at Stifel Nicolaus
DRI – Darden Restaurants downgraded to Equal Weight from Overweight at Morgan Stanley
SFD – Smithfield Foods upgraded to Outperform from Neutral at Credit Suisse
TDG – Transdigm Group downgraded to Neutral from Buy at BofA/Merrill
VECO – Veeco Instruments initiated with Neutral at Goldman
IPI – Intrepid Potash initiated with a Neutral at Lazard
ESE – Esco Tech downgraded to Hold from Buy at BB&T
CHSI – Catalyst Health Solutions initiated with a Hold at Stifel Nicolaus
GRPN – Groupon initiated with a Neutral at Wedbush
ANR – initiated with Fair Value at CRT Capital
MTOR – Meritor downgraded to Hold at KeyBanc Capital Mkts
RBCN – Rubicon Tech initiated with a Sell at Goldman
ICE – IntercontinentalExchange downgraded to Underperform from Outperform at Credit Agricole
CYN – City National downgraded to Underperform from Neutral at BofA/Merrill
MRVL – Marvell downgraded to Hold from Buy at Craig Hallum
Comments »Gapping Up and Down This Morning
Gapping up
BCSI +20.6%, NLST +11.6%, MHGC +5.9%, PEIX +9.3%, ARUN +5.6%, MENT +3.4%, BA +2.1%, MHGC +5.9%,
MRVL +3.2%, UBS +2.6%, DB +2.4%, HPQ +1.1%, E +2.8%, SDRL +1.9%, TOT +1.5%, QCOR +0.8%, BP +0.4%,
BCS +1.1%, SSRI +2.3%, SLW +2.3%, SLV +2%, GPS +1.3%, ATW +3.2%, GDX +1.3%, CYBX +2.1%, GLD +1.1%,
Gapping down
CRM -7.2%, DLB -0.7%, HNZ -0.7%, OZM -3.3%, DLB -0.7%, XCO -12.5%, HNZ -0.7% , LEN -1.4%,
Comments »In Play and On the Wires
SocGen Gets Behind #OWS
Hilarious: If Merkel Doesn’t Change, ‘Our Investment Advice Is To Dig A Hole In The Ground And Hide
Reuters Poll Gives Even Odds That the ECB Will Start Printing Money
S&P to Update Ratings on The World’s 30 Largest Banks
The Greenback Falls on Expectation The Fed Will Act Shortly
Ireland Presents a New Round of Measures to Germany in Order to Show Restructuring
Copper Traders Remain Bearish Over Global Slowdown Stemming from Europe
Almost half of those polled expect prices to decline. The last poll with this amount of bears saw prices fall 4.6% the following week of trade.
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