via The PPT:
Monthly Archives: January 2012
ProTip: Don’t Eat the Shellfish on a Plane, Regardless of Your Street Cred DMX
DMX – Busted by Bad ShellfishRushes to Hospital
DMX had the plane ride from Hell last night — throwing up all the way from Miami to Charlotte, and then rushing straight to the hospital after landing.
According to DMX, he had some “bad shrimp” at his baby mama’s house in Miami before he got on a plane — commercial — and then spent most of the flight tossing his cookies in the lavatory.
X tells us … as soon as he touched down he went to Gastonia Memorial Hospital outside of Charlotte … by limousine. Puking, but still balling!!
X spent about four hours in the emergency room getting treated for food poisoning, and then headed home.
No limo ride home though. A friend picked him up.
Morning Update
Comments »S&P futures vs fair value: +4.80. Nasdaq futures vs fair value: +7.50. Most commodities are up this morning, building on their prior session advance. Collective strength has the CRB Index up 0.9% this morning, and up 3.0% week-to-date. Crude oil prices are up 1.6% to $101 per barrel in the opening minutes of pit trade. However, natural gas prices are under pressure after staging three consecutive climbs. The energy component was last quoted with a 1.8% loss at $2.72 per MMBtu. Weekly natural gas inventory numbers are due at 10:30 AM ET. Both gold and silver are sporting strong gains. Specifically, gold prices have gained 1.6% to trade at $1727 per ounce, while silver sports a 1.4% gain at $33.59 per ounce.
FLASH: European Sovereign Bonds Yields Get Crushed
U.S. Equity Preview: ETFC, LSI, MRH, ORI, NTFLX, & URI
Upgrades and Downgrades This Morning
Automatic Data Processing, Inc. (NYSE: ADP) Cut to Neutral at Citigroup; Cut to Market Perform at Wells Fargo.
Chesapeake Energy Corporation (NYSE: CHK) Cut to Underweight at JPMorgan.
The Charles Schwab Corporation (NYSE: SCHW) Cut to Neutral at JPMorgan.
Corning Inc. (NYSE: GLW) Cut to Underweight at Morgan Stanley.
E*TRADE Financial Corporation (NASDAQ: ETFC) Cut to Neutral at Goldman Sachs.
General Dynamics Corporation (NYSE: GD) Cut to Perform at Oppenheimer.
General Electric Co. (NYSE: GE) Reiterated Buy with $22 Target at Argus.
Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) Started as Perform at Williams Capital.
Inergy Midstream, L.P. (NYSE: NRGM) Started as Outperform with $26 target at Credit Suisse.
Illinois Tool Works Inc. (NYSE: ITW) Raised to Buy at BofA/ML.
Lam Research Corporation (NASDAQ: LRCX) Maintained Outperform with $56 target price at Credit Suisse.
Life Technologies Corporation (NASDAQ: LIFE) Raised To Outperform From Market Perform By Leerink Swann
Netflix, Inc. (NASDAQ: NFLX) Raised to Buy at Citigroup; Maintained Outperform and raised target to $125 at Credit Suisse.
NVIDIA Corporation (NASDAQ: NVDA) Raised to Positive at Susquehanna.
Ryanair Holdings plc (NASDAQ: RYAAY) Cut to Neutral at Nomura.
Vale S.A. (NYSE: VALE) Cut to Hold at Deutsche Bank.
In Play and On the Wires
Initial Claims: Prior 352k, Market Expect 375k, Actual 377K…Durable Goods Orders: Prior 3.7%, Market Expects 2%, Actual 3%
Continuing 3.554 million
Comments »Greenspan: Capitalist Model Needs to Be Improved
Hermitage CEO: ‘Loose Monetary Policy’ Has Kept Stocks on Life Support
Caterpillar Blows Away Expectations; Profits Up 58%
3M Beats by Four Pennies
AT&T Misses on Profits; Beats on the Revenue Side
FLASH: Amgen to Buy Micromet for $1.6 Billion
story developing
Comments »
