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Monthly Archives: February 2012

Gapping Up and Down This Morning

Gapping up

SPRT +13.7%, AKAM +13.2%, STXS +12%, UHAL +7.2%, ENS +6.8%, SCSS +6.7%, THOR +6.3%, V +3.4%, ANDE +3.4%, MTGE +3.3%, FMC +3%, ONNN +1.3%,

Gapping down

DMND -42.7%, IRBT -21.7%, PZZI -21.6%, GRPN -14.6%, ARRY -12.2%, APRI -11.8%, PSDV -11.3%, USAT -9.9%, TRIP -9.7%, BGC -9.2%, VLNC -7.7%, AFFX -6%,

TQNT -5.8%, LODE -5.1%, DVOX -5%, KRC -3.7%, CS -3.4%, RIO -2%, ZNGA -1.4%, ERIC -1.3%, WFM -1.2%,

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Upgrades and Downgrades This Morning

Source

Amgen Inc. (NASDAQ: AMGN) Cut to Perform at Oppenheimer; named as Bull of the Day at Zacks.
AU Optronics Corporation (NYSE: AUO) targets raised by Nomura and also by Credit Suisse.
A123 Systems, Inc. (NASDAQ: AONE) Cut to Sell at Wunderlich.
Elan Corp. (NYSE: ELN) Cut to Neutral at Credit Suisse.
Expedia Inc. (NASDAQ: EXPE) Cut to Hold at S&P Capital IQ.
Ingersoll-Rand plc (NYSE: IR) Raised to Outperform at Wells Fargo.
3M Co. (NYSE: MMM) Cut to Hold at Deutsche Bank.
Montpelier Re Holdings (NYSE: MRH) named as Bear of the Day at Zacks.
NYSE Euronext (NYSE: NYX) Resumed as Hold at Deutsche Bank.
Post Holdings Inc. (NYSE: POST) Started as Overweight at Barclays.
Research In Motion Ltd. (NASDAQ: RIMM) Reiterated Hold with $15 target at Canaccord Genuity.
Sohu.com Inc. (NASDAQ: SOHU) Cut to Hold at Deutsche Bank.

See the new high $665 price target on Apple Inc. (NASDAQ: AAPL) from this morning.

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Facebook As a Mobile Platform

“Facebook is huge on mobile — as an application developer. But questions have circled for years around how it can be a real mobileplatform on top of operating systems controlled by Apple and Google. But we got a little more data on what it’s already accomplishing on the platform front, today at the Inside Social Apps conference here in San Francisco.

Facebook product director Carl Sjogreen said on stage that out of the 425 million monthly mobile users that it currently counts, 60 million are going to third party apps. And this isn’t just once a month apiece — this is 320 million times total per month, which means an average of five times per user.

I couldn’t get more details on how these numbers break down, except that they do not include Facebook’s own native or web apps. Rather, they seem to mean any mobile app that has somehow integrated Facebook. So, like what Zynga has done with the mobile version of FarmVille, or how you can find Facebook friends to add to Path, or any number of other implementations out there.

Facebook’s goal as a company is to create a social layer on top of everything, everywhere. For mobile, it already offers a variety of platform-style options including login identity, social channels including requests, the news feed, bookmarks, search, social plugins and email. Many of these features only became available in October. The numbers today mean that this stuff is getting some traction. Mobile app developers, maybe it’s time to look closer at how to use Facebook for your next update.”

Full article

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Liberal Democrats Overwhelmingly Support Gitmo, Drone Strikes on US Citizens

During the Bush years, Guantanamo was the core symbol of right-wing radicalism and what was back then referred to as the “assault on American values and the shredding of our Constitution”: so much so then when Barack Obama ran for President, he featured these issues not as a secondary but as a central plank in his campaign. But now that there is a Democrat in office presiding over Guantanamo and these other polices — rather than a big, bad, scary Republican — all of that has changed, as a new Washington Post/ABC News poll today demonstrates:

The sharpest edges of President Obama’s counterterrorism policy, including the use of drone aircraft to kill suspected terrorists abroad and keeping open the military prison at Guantanamo Bay, Cuba, have broad public support, including from the left wing of the Democratic Party.

A new Washington Post-ABC News poll shows that Obama, who campaigned on a pledge to close the brig at Guantanamo Bay and to change national security policies he criticized as inconsistent with U.S. law and values, has little to fear politically for failing to live up to all of those promises.

The survey shows that 70 percent of respondents approve of Obama’s decision to keep open the prison at Guantanamo Bay. . . . The poll shows that 53 percent of self-identified liberal Democrats — and 67 percent of moderate or conservative Democrats — support keeping Guantanamo Bay open, even though it emerged as a symbol of the post-Sept. 11 national security policies of George W. Bush, which many liberals bitterly opposed.

Repulsive liberal hypocrisy extends far beyond the issue of Guantanamo. A core plank in the Democratic critique of the Bush/Cheney civil liberties assault was the notion that the President could do whatever he wants, in secret and with no checks, to anyone he accuses without trial of being a Terrorist – even including eavesdropping on their communications or detaining them without due process. But President Obama has not only done the same thing, but has gone much farther than mere eavesdropping or detention: he has asserted the power even to kill citizens without due process. As Bush’s own CIA and NSA chief Michael Hayden said this week about the Awlaki assassination: “We needed a court order to eavesdrop on him but we didn’t need a court order to kill him. Isn’t that something?” That is indeed “something,” as is the fact that Bush’s mere due-process-free eavesdropping on and detention of American citizens caused such liberal outrage, while Obama’s due-process-free execution of them has not.

Beyond that, Obama has used drones to kill Muslim children and innocent adults by the hundreds. He has refused to disclose his legal arguments for why he can do this or to justify the attacks in any way. He has even had rescuers and funeral mourners deliberately targeted. As Hayden said: ”Right now, there isn’t a government on the planet that agrees with our legal rationale for these operations, except for Afghanistan and maybe Israel.” But that is all perfectly fine with most American liberals now that their Party’s Leader is doing it:

Fully 77 percent of liberal Democrats endorse the use of drones, meaning that Obama is unlikely to suffer any political consequences as a result of his policy in this election year. Support for drone strikes against suspected terrorists stays high, dropping only somewhat when respondents are asked specifically about targeting American citizens living overseas, as was the case with Anwar al-Awlaki, the Yemeni American killed in September in a drone strike in northern Yemen.

The Post‘s Greg Sargent obtained the breakdown on these questions and wrote today:

The number of those who approve of the drone strikes drops nearly 20 percent when respondents are told that the targets are American citizens. But that 65 percent is still a very big number, given that these policies really should be controversial.

And get this: Depressingly, Democrats approve of the drone strikes on American citizens by 58-33, and even liberals approve of them, 55-35. Those numbers were provided to me by the Post polling team.

It’s hard to imagine that Dems and liberals would approve of such policies in quite these numbers if they had been authored by George W. Bush.

Indeed: is there even a single liberal pundit, blogger or commentator who would have defended George Bush and Dick Cheney if they (rather than Obama) had been secretly targeting American citizens for execution without due process, or slaughtering children, rescuers and funeral attendees with drones, or continuing indefinite detention even a full decade after 9/11? Please. How any of these people can even look in the mirror, behold the oozing, limitless intellectual dishonesty, and not want to smash what they see is truly mystifying to me.

Read the rest of the squirming and gnashing of teeth here.

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