Monthly Archives: March 2012
FLASH: NFL QUARTERBACK PEYTON MANNING TO SIGN WITH THE DENVER BRONCOS
Adam Schefter and Chris Mortensen
Peyton Manning will become the next quarterback of the Denver Broncos, barring a snag during intensified contract negotiations that have commenced under the instruction of the four-time MVP to his agent Tom Condon, according to multiple sources.
Once the Manning deal becomes official, Denver will try to trade Tim Tebow, according to sources.
{VIDEO} Mitt Romney’s Latest Ad Pits Santorum Versus Santorum
http://www.youtube.com/watch?v=U1KRP6-f7OY
Comments »{VIDEO & PHOTOS}: ORWELLIAN TSA PATS DOWN WHEELCHAIR-BOUND TODDLER AT O’HARE
A vacation in the Magic Kingdom should be enough to make a child giddy with excitement, but one young boy was left trembling with fear after he was subjected to an invasive TSA pat-down.
The three-year-old, confined to a wheelchair due to a recently broken leg, was with his family at O’Hare Airport in Chicago, on their way to board a flight to Disney World in Orlando, Florida.
Despite constant assurances from his father that ‘everything is OK’, he physically trembles with fear and asks his parents to hold his hand.
Scroll down for video
Outrage: The wheel-chair bound three-year-old boy was stopped at O’Hare Airport in Chicago and subjected to invasive checks
Despair: Despite constant assurances from his father that ‘everything is ok’, he physically trembles with fear and asks his parents to hold his hand
The terrified boy was swabbed on his hands and under his shirt for explosive residue.
His outraged father filmed the whole process and it has been posted on YouTube.
Despite such strict security for this toddler, the TSA is offering background-checked travellers the chance to use special lines and keep their shoes, belt and jacket on, leave laptops and liquids in carry-on bags and avoid a full-body scan – for a price.
The TSA’s new fast track ‘Precheck’ screening, now at two airlines and nine airports, is similar to security checks before 9/11, reports the Wall Street Journal.
Scared: The terrified boy, who was in a cast for a broken leg, underwent an invasive pat down and was swabbed for explosive residue
Airport disgust: The toddler was stopped at O’Hare Airport in Chicago on his way to Disney World for a family vacation
To qualify, frequent fliers must be invited by airlines and meet an undisclosed TSA criteria.
A $100 fee for a background check is required as well as a brief interview with a Customs officer.
However, approved travelers who are in the U.S. Customs and Border Protection’s ‘Global Entry’ program can transfer into Precheck, according to the Journal.
‘It’s a completely different experience than what you’re used to,’ Matt Stegmeir, a platinum-level Delta Air Lines frequent flier who was invited into Precheck, told the Journal.
‘It’s really a jarring contrast. It reminds you just how much of a hassle the security procedures in place really are.’
The program can improve screening of unknown passengers if it can move low-risk people out of the main queues.
‘We can reduce the size of the haystack when we are looking for that one-in-a-billion terrorist,’ TSA Administrator John Pistole told the Journal.
Mr Pistole added that by studying frequent-flier histories as well as conducting background checks, he’s confident the U.S. now has the technology and the intelligence information to make less-rigorous, faster screening work.
Easy pass: Passengers in the Precheck program will not have to go through full body scanners, and can instead pass through a standard metal detector
TSA is working with only two airlines, American and Delta, on program which is still in the pilot phase.
Precheck lanes are already in place only at nine airports including Dallas-Fort Worth, New York Kennedy, Los Angeles, Miami, Atlanta, Detroit , Salt Lake City, Las Vegas and Minneapolis-St. Paul.
By the end of the year Precheck will be in place at 35 airports and six airlines, covering most major U.S. airports and airlines, reports the Journal.
Comments »Today’s Money Flows
ISSUE GAINERS SYMBOL EXCH LAST PRICE MONEY FLOW RATIO
(in millions)
Apple AAPL NASD 593.82 +177.5 1.17
iShrs Russell 2000 IWM ARCA 83.61 +79.7 2.74
Select Sector SPDR-Energy XLE ARCA 74.80 +64.5 4.24
Goldman Sachs GS NYSE 124.59 +31.9 1.81
Abbott Labs ABT NYSE 60.15 +24.7 3.12
Select Sector SPDR-Ind XLI ARCA 37.97 +23.2 8.54
Citigroup C NYSE 37.58 +17.4 1.30
Bank Of America BAC NYSE 9.99 +15.7 1.10
Qualcomm QCOM NASD 65.88 +14.0 2.04
JPMorgan Chase JPM NYSE 44.79 +11.9 1.43
Coca-Cola KO NYSE 70.01 +10.3 3.63
pricelinecom PCLN NASD 691.70 +9.7 1.18
Chevron CVX NYSE 110.50 +9.4 1.58
PwrShrs QQQ Tr Series 1 QQQ NASD 66.66 +9.0 1.31
Berkshire Hathaway B BRK/B NYSE 81.52 +8.5 2.37
Nike Inc NKE NYSE 111.38 +8.1 1.92
Vitamin Shoppe VSI NYSE 42.42 +6.5 15.66
United Technologies UTX NYSE 85.10 +5.8 2.21
Disney DIS NYSE 43.28 +5.6 3.21
Hewlett-Packard HPQ NYSE 24.48 +5.5 2.79
ISSUE DECLINERS SYMBOL EXCH LAST PRICE MONEY FLOW RATIO
(in millions)
SPDR S&P 500 SPY ARCA 140.48 -51.3 0.75
IBM IBM NYSE 204.83 -19.2 0.58
Procter & Gamble PG NYSE 67.17 -17.7 0.23
Verizon Communications VZ NYSE 39.50 -17.6 0.25
AT&T T NYSE 31.45 -16.4 0.39
Microsoft MSFT NASD 32.51 -15.2 0.36
Ventas VTR NYSE 57.11 -14.5 0.07
Johnson & Johnson JNJ NYSE 64.94 -12.5 0.34
Intel INTC NASD 27.59 -12.2 0.36
General Electric GE NYSE 20.15 -11.2 0.58
McDonald's MCD NYSE 97.62 -10.1 0.48
Broadcom BRCM NASD 38.67 -9.5 0.50
United Parcel Service B UPS NYSE 79.90 -9.5 0.65
Pfizer PFE NYSE 21.87 -9.3 0.35
Google GOOG NASD 627.87 -8.8 0.87
DuPont DD NYSE 53.26 -8.7 0.30
Cisco Systems CSCO NASD 20.02 -8.6 0.46
eBay EBAY NASD 37.26 -8.1 0.52
Wal-Mart Stores WMT NYSE 60.64 -7.6 0.51
Merck MRK NYSE 37.91 -7.2 0.32
Comments »
52 Week Highs and Lows
NYSE
New Highs 53 COMPANY SYMBOL HIGH VOLUME ------- ------ ---- ------ Abbott Labs ABT 60.15 1,988,546 AboveNet ABVT 84.54 976,205 Acadia Realty Trust AKR 22.45 17,910 Amer Vanguard AVD 20.23 30,103 Atlas Energy ATLS 35.39 201,573 BB&T Corp BBT 31.71 713,206 Ball Corp BLL 41.66 86,390 WR Berkley WRB 36.80 158,684 CBS Corp B CBS 31.86 487,258 Calpine CPN 17.60 437,758 Canadian Pacific Railway CP 79.53 79,274 Cantel Med CMN 23.85 9,565 Chipotle Mexican Grill CMG 411.00 81,421 CoreSite Realty COR 23.32 11,266 CubeSmart CUBE 11.99 27,787 Demandware Inc DWRE 27.85 195,912 Dominos Pizza DPZ 42.21 613,184 Douglas Emmett DEI 22.78 105,665 EPAM Systems EPAM 17.30 34,532 Eagle Materials EXP 35.98 55,686 Extra Space Storage EXR 27.81 28,453 Gabelli Hlthcr & Well GRX 8.15 1,890 Gap Inc GPS 26.04 2,099,680 Gruma ADS GMK 10.97 5,160 Guidewire Software GWRE 33.07 15,776 Hels Advantage Inco Fd HAV 9.07 6,788 Herbalife HLF 72.00 153,303 IHS Inc IHS 98.10 13,622 Kilroy Realty KRC 45.82 32,098 MaquarieInfrastr MIC 32.94 31,336 McCormick & Co Vtg MKC/V 52.20 500 Mednax MD 75.86 11,304 Metro Health Ntwks MDF 8.97 72,041 Mine Safety MSA 41.07 6,238 Mitsubishi UFJ Fincl Grp MTU 5.30 117,168 Newcastle Inv 8.05% C NCTpC 24.95 500 Nike Inc NKE 112.50 370,275 Nuveen Missouri Ser 2015 NOMpC 10.20 4,100 Plains Exploration PXP 47.00 189,059 Primerica PRI 25.89 5,436 Rose Rock Midstream RRMS 25.46 50,713 SpectraEnergy SE 32.27 175,482 Sumitomo Mitsui Fincl ADS SMFG 7.03 16,520 Targa Resources Partners NGLS 43.20 80,353 Tesoro TSO 30.12 324,079 Toll Brothers TOL 25.07 397,532 USG USG 18.12 478,700 U.S. Silica Holdings SLCA 20.91 36,083 United Parcel Service B UPS 79.97 1,295,940 US Bancorp USB 31.98 1,063,251 UnitedHealth Group UNH 56.31 909,784 Vaalco Engy EGY 9.22 214,366 Wabtec WAB 78.18 12,173 New Lows 2 COMPANY SYMBOL LOW VOLUME ------- ------ ---- ------ STR Holdings Inc. STRI 4.88 56,288 Standard Register SR 1.26 80,781
NASDAQ
New Highs 74 COMPANY SYMBOL HIGH VOLUME ------- ------ ---- ------ Adams Golf ADGF 10.80 106,850 Advisory Board ABCO 87.56 22,053 Allied Motion AMOT 7.90 13,177 Ameris Bancorp ABCB 13.14 10,768 Ames National ATLO 22.50 1,164 Associated Banc-Corp. Wt ASBCW 2.50 1,400 BBCN Bancorp BBCN 11.38 37,238 Builders FirstSource BLDR 4.17 75,125 Cadence Design Systems CDNS 12.47 347,835 Calumet Specialty Prdts CLMT 24.97 32,378 Carmike Cinemas CKEC 11.98 31,551 Cathay General Bancorp CATY 18.25 51,314 Citizens Republic Bancorp CRBC 15.74 68,117 Clean Energy Fuels CLNE 21.63 831,176 ClickSoftware CKSW 12.58 68,797 Cogent Comm Group CCOI 19.62 49,273 Columbia Banking System COLB 22.95 29,354 Cyberonics CYBX 39.41 17,731 Diamond Hill Fincl Trends DHFT 10.90 2,050 Dynavax Techs DVAX 4.62 205,958 Eagle Bancorp EGBN 17.24 2,456 Equinix EQIX 143.15 91,539 Exar EXAR 7.81 31,229 F5 Networks FFIV 135.83 327,978 First Merchants FRME 11.89 13,278 First Tr NASDAQ100EqWt QQEW 26.88 3,186 Fresh Market TFM 49.58 9,209 GeoResources GEOI 35.97 80,610 Gladstone 7.125% Pfd A GAINP 26.00 2,165 H&E Equipment Services HEES 20.81 27,568 Hain Celestial Group HAIN 43.79 44,017 Hancock Hldg Co HBHC 36.35 37,849 Henry Schein HSIC 76.67 40,690 Heritage Oaks Bancorp HEOP 4.30 3,500 Horizon Tech Finance HRZN 16.90 16,736 ICU Medical ICUI 48.93 4,807 Intl Bancshares IBOC 21.25 61,957 Jive Software JIVE 26.30 26,613 Lexicon Pharmaceuticals LXRX 1.88 194,815 Liberty Interactive B LINTB 19.30 100 M/A-COM Tech Solutions MTSI 22.06 14,682 magicJack VocalTec CALL 26.49 102,424 Mercantile Bank MBWM 14.02 3,634 Neteasecom NTES 55.86 103,852 Northrim Bancorp NRIM 21.00 401 Patrick Industries PATK 9.98 40,767 PwrShs S&P SmCp Finl PSCF 29.75 100 pricelinecom PCLN 692.10 232,867 ProShares UltraPro QQQ TQQQ 115.51 251,599 Qualcomm QCOM 65.90 1,493,533 Ruths Hsptlty Gr RUTH 7.18 31,980 SS&C Techs Hldgs SSNC 23.24 62,830 SVB Fincl Group SIVB 67.09 56,025 Salix Pharmaceuticals SLXP 52.67 94,276 Seacoast Banking of FL SBCF 1.94 31,322 Shuffle Master SHFL 18.24 107,934 Simulations Plus SLP 4.69 9,232 Sourcefire FIRE 49.85 164,967 Spectranetics SPNC 9.97 39,707 Sterling Finl Washington STSA 21.62 15,827 Summit Financial SMMF 4.51 1,085 Threshold Pharmaceuticals THLD 7.61 1,849,769 TriCo Bancshares TCBK 17.30 4,393 tw telecom TWTC 23.00 633,921 UMB Fincl UMBF 46.18 26,844 US Ecology ECOL 20.09 16,298 Utd Bankshares UBSI 30.76 36,948 Utd Community Fincl UCFC 1.65 8,812 Vanguard Russ 1000 Growth VONG 67.68 790 Vanguard Russ 1000 Value VONV 61.70 300 Vanguard Russell 3000 VTHR 64.69 9,458 Verisk Analytics Inc VRSK 45.68 140,433 WPP Group PLC (ADS) WPPGY 68.66 25,576 Wright Medical Group WMGI 19.06 75,829 New Lows 11 COMPANY SYMBOL LOW VOLUME ------- ------ ---- ------ BluePhoenix Solutions BPHX 1.27 5,617 Cardiome Pharma CRME 1.04 1,805,058 Celsion Corp CLSN 1.63 107,161 D Medical Industries DMED 0.44 5,548 MDC Partners (Cl A) MDCA 11.47 10,736 Mission NewEnergy MNEL 0.57 70,168 Peregrine Pharma PPHM 0.56 200,026 Porter Bancorp PBIB 1.61 4,081 ProShr Ul Sh QQQ SQQQ 11.23 311,922 Stereotaxis STXS 0.66 29,922 WPCS Intl WPCS 1.35 45,356Comments »
Today’s Heat Map and A/D Lines
Court Orders Republican Party Must Remain Under Voter Fraud Monitoring
This Morning’s Most active Options Trades
-CALLS- OPTION EXP.DATE STRIKE PRC. VOLUME LAST S/PRC. NET CHANGE BAC 4/21/12 10.0000 1131 0.5900 up 0.1700 AAPL 5/19/12 660.0000 354 15.7100 up 1.9100 BAC 4/21/12 11.0000 298 0.2200 up 0.0800 GE 4/21/12 21.0000 242 0.1900 dn 0.0200 FCX 3/23/12 40.0000 228 0.4800 up 0.2500 GE 4/21/12 20.0000 224 0.6100 dn 0.0100 GM 6/16/12 26.0000 200 1.4300 dn 0.0500 RIMM 4/21/12 15.0000 179 1.2700 up 0.1100 AAPL 5/19/12 610.0000 177 31.4700 up 3.5700 BAC 4/21/12 9.0000 165 1.2200 up 0.2300 -PUTS- OPTION EXP.DATE STRIKE PRC. VOLUME LAST S/PRC. NET CHANGE BAC 4/21/12 9.0000 251 0.1900 dn 0.0400 BAC 4/21/12 10.0000 166 0.5800 dn 0.0600 MRK 10/20/12 35.0000 102 1.3200 dn 0.0700 MMR 4/21/12 10.0000 99 0.5000 up 0.0000 X 3/23/12 30.0000 94 0.4500 dn 0.4300 YHOO 3/23/12 15.0000 87 0.1700 up 0.0300 BAC 4/21/12 12.0000 87 2.0200 dn 0.2600 STX 6/16/12 23.0000 71 0.9700 up 0.0200 FXE 4/21/12 131.0000 70 1.5200 dn 0.1800 GNW 6/16/12 7.0000 66 0.2500 up 0.0000 -VOLUME- CALLS PUTS TOTAL 16232 13198 29430
-CALLS- OPTION EXP.DATE STRIKE PRC. VOLUME LAST S/PRC. NET CHANGE BAC 4/21/12 10.0000 9052 0.6000 up 0.1900 BAC 5/19/12 10.0000 7978 0.7200 up 0.1500 BAC 3/23/12 10.0000 7761 0.2900 up 0.1300 BAC 11/17/12 12.0000 7138 0.6300 up 0.1400 BAC 3/23/12 11.0000 4981 0.0700 up 0.0300 BAC 12/22/12 10.0000 4448 1.4300 up 0.1800 BAC 4/21/12 11.0000 3798 0.2300 up 0.0800 AAPL 3/23/12 600.0000 3348 9.0300 up 0.9300 BAC 1/19/13 10.0000 2720 1.5300 up 0.2000 MOS 4/21/12 62.5000 2625 0.6000 up 0.1400 -PUTS- OPTION EXP.DATE STRIKE PRC. VOLUME LAST S/PRC. NET CHANGE BAC 12/22/12 8.0000 4175 0.6000 dn 0.0400 BAC 4/21/12 12.0000 4096 2.0600 dn 0.2200 BKS 4/21/12 12.0000 3900 0.2500 dn 0.0500 TLT 4/21/12 110.0000 2000 1.6700 dn 0.0100 TLT 4/21/12 105.0000 2000 0.3900 dn 0.0300 HD 4/21/12 47.0000 1972 0.4100 up 0.0100 BAC 1/19/13 10.0000 1762 1.4900 dn 0.0600 TBT 3/23/12 21.0000 1666 0.3500 dn 0.0800 BAC 1/19/13 7.5000 1465 0.5500 dn 0.0300 BAC 3/23/12 9.0000 1328 0.0400 dn 0.0200 -VOLUME- CALLS PUTS TOTAL 421456 234536 655992Comments »
NY Fed Chief Urges Attention to Economic Headwinds
“In remarks this morning to a business group on Long Island, New York Federal Reserve President William Dudley noted that while US economic growth had picked up in the fourth quarter of 2011, we’ve all seen this before:
… the economic data looked brighter at this point in 2010 and again in 2011, only to fade as we got into the second and third quarters of those years.
Dudley believes that warmer winter weather has reduced heating bills and contributed to the bounce in construction starts. He notes, however, that these factors are temporary:
[R]eal economic activity has yet to be strong enough on a sustained basis to make a big dent in the overall amount of slack in the U.S. economy. While it is true that growth was stronger in the fourth quarter, most of that growth was due to inventory accumulation. Growth of final sales was actually quite weak. Historically, a quarter in which inventory investment makes a significant growth contribution is typically followed by a quarter in which that growth contribution is modest or even negative. That appears to be what is shaping up for the first quarter of this year. …While growth of retail sales in February was reasonably strong in nominal terms, it was considerably less impressive when the large increase of gasoline prices that occurred that month is taken into account. Based on data for the first half of March, gasoline prices are continuing to move higher which will further sap consumers’ real purchasing power. And growth of business investment spending, which was quite strong in the second and third quarters of 2011, entered the new year with little forward momentum.
To put the recent pace of growth into perspective, we believe that the economy’s long-run sustainable growth rate (what economists call the potential growth rate) is around a 2 1/4 percent annual rate. We need sustained growth above that rate to absorb the substantial amount of unused productive capacity. Thus, our recent growth rates are barely keeping up with our potential.
Dudley also commented on the unemployment (not as good as it looks perhaps), housing construction, and what he called “fiscal drag” at all levels of government. Dudley’s speech is available here.”
Comments »LDK Takes Down Estimates
“Solar panel maker LDK Solar Co. Ltd. (NYSE: LDK) has revised its fourth quarter 2011 forecast and announced its guidance for the company’s 2012 fiscal year. The company will announce fourth quarter and full-year 2011 earnings on April 12th.
LDK lowered its fourth-quarter revenue forecast from a range of $440-$520 million, to $440-$450 million. Wafer shipment estimates were also cut, from 200-270 megawatts to 215-220 megawatts; module shipments were cut from a previous range of 180-270 megawatts to 250-260 megawatts. But that’s not all:
As a result of the rapidly declining market price for wafers and modules during the fourth quarter of 2011, LDK Solar expects to incur a write-down of inventories, realize impairment charges on contractual purchase agreements, and therefore, expects gross margin to be negative. In addition, some provisions for accounts receivable and fixed assets may also be required.
Negative gross margins, just like Hanwha SolarOne Co. Ltd. (NASDAQ: HSOL) and Renesola Ltd. (NYSE: SOL) reported last week.
The company also offered its outlook for 2012, forecasting revenue of $2.1-$2.7 billion, as well as estimates on product shipments. It did not say whether margins would turn positive next year.”
Comments »March NAHB Housing Market Index: Prior 29, Market Expects 31, Actual 29…Foreclosure Story Inside
GOLDMAN SACHS: 3 REASONS WHY QE3 IS STILL COMING
“This research note from Goldman’s Jan Hatzius has been making the rounds. In it he provides the three reasons why he believes QE3 is still on the table. He says:
Comments »“1. The improvement might not last.
With real GDP growth tracking just 2% in the first quarter and signs that at least some of the recent strength is probably due to the unusual warm weather and perhaps some seasonal adjustment distortions, question marks still surround the true pace of activity growth. In addition, there are still several actual or potential “headwinds” for growth, including a reduced boost from inventory accumulation, the recent increase in oil and gasoline prices, continued risks from the crisis in Europe, and the specter of fiscal retrenchment after the presidential election.
2. Even if the improvement does last, faster growth would be desirable to push down the unemployment rate more quickly.
Fed officials believe that the level of economic activity and employment is still far below potential. This means a large number of individuals are involuntarily unemployed, which not only causes hardship in the near term but may also translate into higher structural unemployment in the long term…This creates an incentive to find policies that speed up the return to full employment.
3. Not easing might be equivalent to tightening.
At a minimum, the bond market currently discounts some probability of QE3. This has kept financial conditions easier than they otherwise would have been, which has presumably supported economic activity. A decision not to ratify expectations of QE3 could therefore result in a tightening of financial conditions.”
Small Businesses Turn to Pawn Shops as Banks Won’t Lend
Faber: Central Banks Will Never Trim Balance Sheets
“The Federal Reserve and other central banks will never take steps to rein in the inflation-fueling liquidity stemming from their loose monetary policies, and they also won’t reduce their balance sheets that have swollen via easing measures designed to jolt the economy, says Marc Faber, publisher of the Gloom, Boom and Doom report.
The Fed has cut interest rates to near zero and has also bought assets from banks in order to increase the amount of money in circulation with the aim of improving the economy.
That tool is called quantitative easing, and the Fed has done it twice, with the first round, known as QE1, involving the purchase of $1.7 trillion in assets from banks, namely mortgage-backed securities.
A second round of quantitative easing, known as QE2, wrapped up in June of 2011 and involved a $600 billion purchase of government bonds from banks.
Other central banks around the world have taken similar steps, and they should now focus on writing down those assets and take steps to mop up the excess liquidity in the economy, although they likely won’t, Faber says.
“I do not believe that the central banks around the world will ever, and I repeat ever, reduce their balance sheets. They’ve gone the path of money printing and once you choose that path you’re in it, and you have to print more money,” he tells chrismartenson.com, a finance site.
Furthermore, Federal Reserve officials base their decisions with not enough real-world experience.
“The Fed is about the worst economic forecaster you can imagine. They are academics. They never go to a local pub. They never go shopping — or they lie,” Faber says….”
Comments »Apple Has a Record Weekend Selling New iPads
U.S. Equity Preview: YPFD, FD, THC, QCOM, NOVN, LXU, DPZ, & AVEO
Aveo Pharmaceuticals Inc. (AVEO) : The maker of an experimental medicine for kidney cancer delayed its annual report filing and said it is evaluating its allocation agreement with Astellas Pharma Inc. (4503 JT).
BATS Global Markets Inc. (BATS): The company may be attractive as the third-biggest U.S. stock exchange operator prepares to sell 6.3 million shares to the public on March 22, Barron’s reported, without citing anyone.
Domino’s Pizza Inc. (DPZ) : The pizza-delivery chain completed its recapitalization and declared a special dividend of $3 a share.
LSB Industries Inc. (LXU) : The maker of chemical and climate-control products said its Pryor, Oklahoma, facility was shut down for unplanned maintenance because of excess heat. Operating income will be reduced by about $4 million.
Novartis AG (NOVN) : The Swiss drugmaker may rise if it improves earnings with a new pipeline of products and provides healthy dividend payments, Barron’s reported.
Qualcomm Inc. (QCOM) : The chipmaker is poised to rise 30 percent or more during the next year as its thousands of patents give it an advantage in mobile-market expansion, Barron’s reported.
Tenet Healthcare Corp. (THC) : The hospital owner may stall until management proves it’s capable of turning around business without being acquired, Barron’s reported in its “The Trader” column.
Total SA (FP) : The American depositary receipts of France’s biggest energy company may rise to the mid-$60s within a year if the oil producer boosts output, Barron’s reported.
YPF SA (YPFD) : The Argentine oil producer may be a risky investment as the government mulls control of the company, Barron’s reported in its “The Trader” column.
Comments »Gapping Up and Down This Morning
Gapping up
ABVT +16.9%, DPZ +5.9%, UNH +3.1%, ADGF +7.3% , AAPL +2.8%, UPS +2%, CRESY +9.6%, DWRE +7%, DPZ +5.7% , BRCM +1.2%, DSCO +1.8% ,
STLD +2%, E +0.8%, PCX +0.3%
Gapping down
MHS -3.4% , ESRX -1.9%, S -4.8%, LXU -3.1%, DNKN -2.2%, DB -1.9%, CLNE -1.4%, WPCS -9.8% , PURE -8.6%, PBY -0.6%,
IRE -3.4%, CS -1.6%, BCS -1.5%, IBN -1.5%, DB -1.1%, ING -1%, FRO -5%, CHMT -4.5% , ACI -2.8%, EBAY -2.2%, AIXG-2.5%,
Comments »Upgrades and Downgrades This Morning
Arch Coal Inc. (NYSE: ACI) Cut to Sell at Goldman Sachs.
Caesars Entertainment Corporation (NASDAQ: CZR) Started as Hold at KeyBanc; Started as Hold at Deutsche Bank.
Capital One Financial Corporation (NYSE: COF) Raised to Buy at Jefferies.
E*TRADE Financial Corporation (NASDAQ: ETFC) Raised to Outperform at Wells Fargo.
Gap Inc. (NYSE: GPS) Raised to Outperform at BMO.
Nucor Corporation (NYSE: NUE) Raised to Buy at UBS.
Patriot Coal Corporation (NYSE: PCX) Raised to Neutral at Goldman Sachs.
Sprint Nextel Corporation (NYSE: S) Cut to Underperform at Bernstein.
Trina Solar Limited (NYSE: TSL) Started as Equal weight at Barclays.
United Parcel Service (NYSE: UPS) Raised to Overweight at JPMorgan.
Wynn Resorts Limited (NASDAQ: WYNN) Reiterated Buy and target raised to $140 at Citigroup.
Yingli Green Energy Holding Co. (NYSE: YGE) Started as Equal-weight at Barclays.
Yum! Brands Inc. (NYSE: YUM) Started as Outperform at Oppenheimer.
Comments »
