Jim Rogers: US Govt to ‘Juice Up’ Economy in Election Year
The Best Recession Forecaster Talks to BI (chart porn)
U.S. Equity Preview: PLCE, BAC, DMND, JDAS, JPM, MBLX, & SFLY
Gapping Up and Down This Morning
Gapping up
RBS +4.6%, TOT +0.5%, DB +1.8%, BCS +1.6%, MT +1.4%, CIEN +2.3%, SWK +1.2%, BBVA +1.2%, IGT +1.1%, CIEN +2.3%ping
BBVA +1.2%, INHX +1.8%, CTRP+1.2%,
Gapping down
SFLY -5.9%, IRE -4.3%, CPNO -4.2%, NVS -1.8%, ING -1.6%, TS -1.5%, SAP -1%, MBLX -37.6%, CRDC -16.7%,
JDAS -12.2%, DMND -11%, EK -10.7%, MDR -1.1%, VMW -2.9%, BECN -0.4%,
Comments »Upgrades and Downgrades This Morning
American International Group, Inc. (NYSE: AIG) Started as Hold at Stifel Nicolaus.
BankUnited, Inc. (NYSE: BKU) Started as Outperform at Wells Fargo.
The Charles Schwab Corporation (NYSE: SCHW) Cut to Market Perform at Wells Fargo.
Chesapeake Energy Corporation (NYSE: CHK) Reiterated Sell and lowered estimates at Argus.
Citrix Systems, Inc. (NASDAQ: CTXS) Raised to Buy from Neutral at Citigroup.
Dr. Pepper Snapple Group, Inc. (NYSE: DPS) Cut to Market Perform at Wells Fargo.
Guess? Inc. (NYSE: GES) Cut to Neutral as Bear of the Day at Zacks.
Humana, Inc. (NYSE: HUM) Raised to Outperform as Bull of the Day at Zacks.
RealNetworks Inc. (NASDAQ: RNWK) maintained Speculative Buy with $15 price target at Canaccord Genuity.
Regions Financial Corporation (NYSE: RF) Started as Market Perform at Wells Fargo.
Titan International, Inc. (NYSE: TWI) named as value stock of the day at Zacks.
VMware Inc. (NYSE: VMW) Cut to Sell with an $80 price target at Citigroup.
Yandex N.V. (NASDAQ: YNDX) Started as Underweight at HSBC.
In Play and On the Wires
Goldman Ups Their Target in Oil Shrugging Off East / West Tensions
FINDERS KEEPERS: MF Global May Not Be Able to Pay Clients Back
Is this going to set the stage for this type of occurrence to be normal or acceptable when/if the global crisis consumes us?
——————————————————————————————————————————
Former customers of MF Global Holdings’ collapsed brokerage were disappointed to hear on Thursday that the trustee hunting for funds missing from their accounts has no immediate plans to transfer more money to them.
More than 250 customers met in New York on Thursday with James Giddens, the trustee in charge of liquidating the brokerage and returning money to customers, for an update on the status of his investigation into what may be $1.2 billion missing from their accounts.
Giddens and his team of lawyers said they may not be able to make another mass transfer of funds above the roughly $3.8 billion they have already paid out. That figure represents about 72 percent of the total money held in customer accounts when the firm went under, leaving many customers still thousands or millions of dollars out of pocket.
Read the rest here.
Comments »“The chronic state of government finances and the widening gap between the rich and poor “
Bullish Sentiment Up in Latest Poll
NEW YORK (Dow Jones)–Bullish sentiment among investors was up during the week ended this Wednesday, according to the most recent weekly online survey of members of the American Association of Individual Investors.
Bullish sentiment rose to 49.14% from 48.88%, but bearish sentiment rose to 17.18% from 17.16% during the previous week.
The percentage of investors who described themselves as neutral on the stock market fell to 33.68% from 33.96%, according to the poll.
S&P Sees Divi Payments Hitting Records in 2012
Oakmark Says This is a Once in a Lifetime Chance to Own Stocks
U.S. Equity Preview: CA, CVX, EMC, JAG, MFLX, PVH, & WYNN
Gapping Up and Down This Morning
Gapping up
SLV +1.9%, BHP +1.9%, HBC +1.6%, AUY +1.6%, DB +4.9%, TSCO +4.9%, JAG +4.4%, ING +3.9%, WLT +3.8%,
MT +3.5%, UBS +2.9%, BBL +2.4%, RIO +2.3%, STD +2.2%, GOLD +2.1%, PRST +39.3%, MFLX +9.6%, TACT +7.6%, BCS +5.2%,
DKS +5.8%, AUY+1.4%, TACT +7.6%, JAG +4.4%, WLT +3.8% , OPWV +6.8%, QCOR +2.6%,
TGT +1.8%, GOOG+0.6%
Gapping down
BGFV -7.1%, EXFO -5.1%, RELL -4.6%, PVH -4.1%, CPT -2.8%, INFY -10.5%, DRWI -9.8%, LINE -2.1%, CVX -1.4%,
Comments »Upgrades and Downgrades This Morning
American Express Co. (NYSE: AXP) Reiterated Buy with $60 target at Argus.
Atmel Corporation (NASDAQ: ATML) Maintained Buy but cut target to $11 at Canaccord Genuity.
BlackRock Inc. (NYSE: BLK) Started as Buy at UBS.
Chevron Corporation (NYSE: CVX) Maintained Outperform but cut earnings estimates at Credit Suisse.
Continental Resources (NYSE: CLR) Cut to Hold with $79 target at Canaccord Genuity.
Entertainment Properties Trust (NYSE: EPR) Cut to Neutral at JPMorgan.
Equity Residential (NYSE: EQR) Cut to Neutral at JPMorgan.
France Telecom SA (NYSE: FTE) Cut to Underweight at JPMorgan.
HSBC Holdings PLC (NYSE: HBC) Cut to Underperform at BofA/ML.
Juniper Networks Inc. (NYSE: JNPR) Cut to Hold at Argus.
Lennar Corporation (NYSE: LEN) Cut to Market Perform at KBW.
Lincoln Electric Holdings, Inc. (NASDAQ: LECO) named as Value stock of the day at Zacks.
MarkWest Energy Partners (NYSE: MWE) named as Bull of the Day at Zacks.
Microsoft Corporation (NASDAQ: MSFT) Maintained Outperform but cut target to $34 from $35 at Credit Suisse; Maintained Hold and lowered estimates at Argus.
Oasis Petroleum (NYSE: OAS) Cut to Hold with $32 target at Canaccord Genuity.
SUPERVALU Inc. (NYSE: SVU) Maintained Neutral but cut target to $7 from $10 at Credit Suisse.
In Play and On the Wires
Muddy Waters Looking to Get Long Chinese Burritos
DEAD BEARS Part 2
The clam has a big gun. He also has hunting buddies hidden inside every central bank around the world.
The banks love this game called fucka you taxpayer.
They get to borrow money for nothing and buy up government paper paying them 3% or more. But it does not stop there.
No my friends they use this money to leverage themselves. Then they buy paper of the next best government. Then they leverage it once again to find even more leverage in commodity futures, currencies, and stock markets.
Only when the trade has to be reversed do we get a sell off. Then everyone cries deflation. But remember the clam and his friends can QE till you are dead and gone.
So once again my burlap suited bear friends;
