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Monthly Archives: February 2012

FLASH: GLOBAL CDS SPREADS CONTINUE TO PLUNGE

Hmmm, I wonder why? Maybe it has something to do with the fact that they are worthless, and will never be honored due to perpetual bailouts.

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U.S. Equity Preview : WU, DIS. TWX, S, OPNT, OPEN, KOG, CERN, & BWLD

Source

Buffalo Wild Wings Inc. (BWLD) (BWLD US) rallied 15 percent to $81. The operator of about 800 namesake restaurants reported fourth-quarter profit excluding some items was 73 cents a share, topping the average analyst estimate of 67 cents.

Cerner Corp. (CERN) (CERN US): The developer of technology for organizing medical records forecast earnings in 2012 to be as much as $2.30 a share, exceeding the average analyst estimate by 4 cents.

Kodiak Oil & Gas Corp. (KOG) (KOG US) rose 1.6 percent to $9.11. The Denver-based oil and natural gas explorer with assets in the Williston Basin of North Dakota said it has entered into a contract for a seventh operated rig.

OpenTable Inc. (OPEN) (OPEN US) added 4.2 percent to $53.60. The online restaurant-reservation service reported fourth-quarter earnings of 37 cents a share, beating the average analyst estimate by 7 cents. The San Francisco-based company was raised to “overweight” from “neutral” by Piper Jaffray Cos.

Opnet Technologies Inc. (OPNT) (OPNT US): The management software maker reported third-quarter earnings of 26 cents a share, falling short of the average analyst estimate by 3 cents.

Sprint Nextel Corp. (S) (S US) rose 4.5 percent to $2.56. The third-largest U.S. wireless carrier posted a narrower loss than analysts projected after Apple Inc.’s (AAPL US) iPhone boosted sales.

Time Warner Inc. (TWX US) rose 4.3 percent to $39.72. The owner of the HBO cable-TV channel reported fourth-quarter profit that topped analysts’ estimates as advertising improved for its television networks. Time Warner also announced a new share buyback program of $4 billion and raised its quarterly dividend by 11 percent to 26 cents.

Virgin Media Inc. (VMED US) climbed 3.3 percent to $25.07. The U.K’s second-largest pay-television company is in talks with video-streaming providers to add shows and movies to its TiVo recording service, Chief Executive Officer Neil Berkett said.

Walt Disney Co. (DIS US) slipped 0.9 percent to $40.60. The largest U.S. entertainment company by market value reported first-quarter revenue was $10.8 billion, missing the average analyst estimate of $11.2 billion.

Western Union Co. (WU US) slumped 6.3 percent to $18.45. The world’s largest money-transfer business forecast earnings in 2012 will be no more than $1.75 a share, less than the average analyst estimate of $1.81.

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Gapping Up and Down This Morning

Gapping up 

AVID +17.7%, BWLD +16.8%, GUID +10.4%, BLDP +9.4%, SNCR +9.1%, CALX +8%, CERN +6.6%, GLUU +6.3%, MITK +5.3%, OPEN +5.3%, VCLK +3.3%,

BCS +2.8%, RIO +2.4%, BAC +1.9%, LGND +1.9%, NOK +1.6%,

Gapping down

SGI -23.5%, TNK -9.5%, CRDC -7.7%, OPNT -7.3%, RICK -6.7%, WU -6.6%, PNRA -2.8%, SNY -2.2%, SYT -2%, TCAP -1.7%, DIS -1.4%

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Upgrades and Downgrades This Morning

Source

Annaly Capital Management Inc. (NYSE: NLY) Cut to Market Perform at FBR.
ArcelorMittal (NYSE: MT) Cut to Sell at S&P Capital IQ.
BP PLC (NYSE: BP) Raised Estimates by UBS; Cut to Hold at Soc-Gen.
CBOE Holdings, Inc. (NASDAQ: CBOE) Cut to Underperform at KBW.
Demand Media Inc. (NYSE: DMD) Cut to Underweight at Morgan Stanley.
Dr. Reddy’s Laboratories Ltd. (NYSE: RDY) Cut to Neutral at Credit Suisse.
ING Group, N.V. (NYSE: ING) Cut to Neutral at Goldman Sachs.
Morgan Stanley (NYSE: MS) Cut to Hold at Collins Stewart.
National Oilwell Varco Inc. (NYSE: NOV) raised target to $96 at Argus.
OpenTable Inc. (NASDAQ: OPEN) Cut to Perform at Oppenheimer; Cut to Neutral at Credit Suisse; Raised to Overweight at Piper Jaffray.
Sohu.com Inc. (NASDAQ: SOHU) lowered targets by Credit Suisse and Nomura.
UBS AG (NYSE: UBS) Cut to Sell at Deutsche Bank.
Vishay Intertechnology, Inc. (NYSE: VSH) Raised to Overweight at JPMorgan.
Yum! Brands Inc. (NYSE: YUM) Raised to Neutral at Goldman Sachs.

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