Upgrades and Downgrades This Morning
DaVita, Inc. (NYSE: DVA) Raised to Outperform as Bull of the Day at Zacks.
Dendreon Corporation (NASDAQ: DNDN) maintained Neutral with $14.00 target at Zacks; Started as Hold at Cantor Fitzgerald.
Energy Partners Limited (NYSE: EPL) named as value stock of the day at Zacks.
Goldman Sachs Group Inc. (NYSE: GS) Cut to Neutral at JPMorgan.
hhgregg, Inc. (NYSE: HGG) maintained Underperform as Bear of the Day at Zacks.
KeyCorp (NYSE: KEY) Cut to Underperform at Keefe Bruyette & Woods.
McDonald’s Corporation (NYSE: MCD) Cut to Perform from Outperform at Oppenheimer (valuation call).
Morgan Stanley (NYSE: MS) Cut to Neutral at JPMorgan.
Oracle Corporation (NASDAQ: ORCL) Cut to Neutral at Macquarie.
Regions Financial (NYSE: RF) Raised to Outperform at RBC Capital; Cut to Neutral at Bank of America Merrill Lynch.
Starbucks Corporation (NASDAQ: SBUX) Raised to Outperform at Oppenheimer.
Zynga, Inc. (NASDAQ: ZNGA) Started as Overweight at Barclays; Started as Overweight at JPMorgan; Started as Neutral at Bank of America Merrill Lynch; Started as Buy at Goldman Sachs.
Gapping Up and Down This Morning
Gapping up
ILMN +28.5%, CA +15%, TQNT +7.4%, AAPL +7.3%, CRUS +7.2%, RDN +5.8%, NUAN +5.4%, BRCM +4.7%, TPX +4.7%, BMC +3.8%, SWKS +3.7%, ZAGG +3.6%,
SNDK +2.9%, STLD +1.9%, DAL +5%, LCC +3.9%, STLD +1.9%, COP +1.3%, TXT +7.5%, SWFT +5.5%, CRUS +5.7%, ARMH +4%, BRCM +3.9%, BMC +3.8%,
NUAN +3.3%, SNDK +2.9%, ZAGG +2.3%, SWKS +1.6%, PACB +26.6%, GNOM +23.6%, AFFX +10.3%, LIFE +9.6%, NBG +7%, RDN +5.8%, BCEI +6.2%, EAT +1.6%,
DNDN +1.6%, SBUX +1.2%
Gapping down
FBC -29.1%, ERIC -15%, FIO -13.3%, MRCY -9.9%, NVDA -5%, WPZ -3.5%, NVS -3.5%, MT -3.3%, NSC -2.6%, AMD -2.6%, DB -2.5%, ALTR -1.5%, RKT -7.7%,
TEL -6.9% RES -6.2%, WLP -5.6%, GLW -5.3%, NVDA -5%, ATI -4.7%, REDF -4.5%, NVS -3.7%, AMD -3.2%, GWW -2.7%, NSC -2.6%, ALTR -2.5%,
BA -1.1%, YHOO -0.6%, LYG -4.1%, RBS -3.2%, HBC -2.2%, DB -1.5%, CS -1.2%, BAC -0.7%, ALU -9.8%, WPZ -3.5%, POT -1.2%, MCD-0.7%
Comments »In Play and On the Wires
Roubini Joins Soros in Dystopia Commentary and Social Unrest
Arrowhawk Capital Partners Expect Investors to Hit Bids on Bonds and Buy the Fuck Out of Equities
David Rosenberg on a Bull Case for Equities
VIX & High Yield Analysis: What it Means for Your Portfolio
Credit Suisse Out With 11 Reasons For S&P 1400 This Year
S&P’s John Chambers Says A Greek Default Will Not Ruin the Monetary Union
Joe Granville Predicts A 50% Plunge
Gapping Up and Down This Morning
Gapping up
PEET +0.3%, DHT +18.7%, PLCM +9.1%, ACUR +7.5%, VMW +4.7%, WDC +3.7%, VMW +4.7%,DGX +4.3% , TXN +3.3%, SNV +7.4% , COH +3.4%, EMC +3%, ACUR +7.5% , BAX +2.3% ,
KORS +1.2%, BBBY +0.9% , ZNGA +0.8% , MRK +0.7% ,
Gapping down
IDCC -16.3%, NOK -7.5%, IRE -6.1%, ONCY -5.4%, PNNT -4.9%, KSU -4.1%, ZION -4%, DEPO -3.8%, GEL -3.5%, MSO -3.5%, TI -3.1%, CSX -3%, SI -2.7%, CS -1.9%, BAC -1.8%,
EAT -8%, JJSF -7.8%, ZION -7.8% , LYG -6.4%, IRE -6.1%, ING -3.4%, BCS -3%, BAC -2.1%, CS -1.9%, C -1.4%
Comments »Upgrades and Downgrades This Morning
Caterpillar, Inc. (NYSE: CAT) Raised to Outperform as Bull of the Day at Zacks.
Halliburton Co. (NYSE: HAL) Reiterated Buy but lowered target to $54 at Argus.
Harmony Gold Mining Co. Ltd. (NYSE: HMY) Raised to Buy at UBS.
Home Depot Inc. (NYSE: HD) Reiterated Buy and raised price target to $51 at Argus.
Interline Brands, Inc. (NYSE: IBI) named as Value stock of the day at Zacks.
KLA-Tencor Corporation (NASDAQ: KLAC) Raised to Buy at Citigroup.
Michael Kors Holdings Limited (NYSE: KORS) Started as Overweight at Morgan Stanley; Started as Outperform at Baird; Started as Buy at Goldman Sachs.
Netflix, Inc. (NASDAQ: NFLX) Maintained Outperform with $100 target at Credit Suisse.
NII Holdings, Inc. (NASDAQ: NIHD) Cut to Underperform as Bear of the Day at Zacks.
Novellus Systems, Inc. (NASDAQ: NVLS) Raised to Buy at Citigroup.
Pan American Silver Corp. (NASDAQ: PAAS) maintained Outperform but lowered estimates at Credit Suisse.
Texas Instruments Inc. (NYSE: TXN) Reiterated Outperform and raised target to $40 at Credit Suisse; Cut to Hold at Kaufman Bros.
Union Pacific Corp. (NYSE: UNP) Reiterated Buy and raised target to $130 at Argus.
Zumiez Inc. (NASDAQ: ZUMZ) Cut to Neutral at Credit Suisse.
In Play and On the Wires
The Recent Bull Rally Will End Today
Soros Warns on Medieval Machiavellian World to Come
Fun Times to Come in Europe
Mark Mobius on Where and What to Invest In
Why are Politicians Blaming Fannie and Freddie ?
Is it to take the heat off politicians in general ? Is it just a campaign energizer touching on anger Americans have for the debacle ? Stop blaming two quasi government entities and get tough on the real issue at hand.
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