We can only hope

Flat, moderately higher, to full retard higher…

Stock is up 8.4% pre-market

Will the year retrace this week’s action ? Goldman gives a report on what to expect.

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These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms this Tuesday morning.

Akamai Technologies, Inc. (NASDAQ: AKAM) Cut to Neutral from Buy at Janney Capital Markets. 
Angie’s List, Inc. (NASDAQ: ANGI) Started as Buy at Stifel Nicolaus; Started as Perform at Oppenheimer; Started as Buy at Janney Capital Markets.
Apple Inc. (NASDAQ: AAPL) lowered price target to $513 from $530 at Morgan Keegan.
Cooper Industries plc (NYSE: CBE) Cut to Neutral from Outperform at Credit Suisse.
Fusion-io, Inc. (NYSE: FIO) Raised to Overweight at Morgan Stanley.
General Growth Properties Inc. (NYSE: GGP) Cut to Neutral from Outperform at Credit Suisse.
Guess?, Inc. (NYSE: GES) Cut to Underperform from Neutral as Bear of the Day at Zacks Investment Research.
Petroleum Development Corporation (NASDAQ: PETD) Cut to Hold at Canaccord Genuity.
PMC-Sierra Inc. (NASDAQ: PMCS) Cut to Neutral with $6 target at Goldman Sachs.
Prologis, Inc. (NYSE: PLD) Started as Outperform at Wells Fargo.
Regency Centers Corporation (NYSE: REG) Cut to Neutral from Outperform at Credit Suisse.
Reliance Steel & Aluminum Company (NYSE: RS) named as value stock of the day at Zacks Investment Research.
Under Armour, Inc. (NYSE: UA) Raised to Outperform with $90 target at Baird.
Universal Display Corporation (NASDAQ: PANL) maintained Hold and lowered estimates and target to $35 at Canaccord Genuity.
Ventas, Inc. (NYSE: VTR) Raised to Long-Term Outperform and named as the Bull of the Day at Zacks Investment Research.
Williams-Sonoma Inc. (NYSE: WSM) Cut to Sell at Janney Capital Markets.

Gapping up 

BP +1.5%, HBC +1.3%, SAP +3.5%, MJN +3.2%, CS +3.1%, C +2.6%,  MT +7.2%, NOK +6.8%, ALU +5.8%,

GDX +2.5%, BAC +2.5%, SDRL +2.2%, GLD +2%, TOT +1.7%, BHP +4.8%, BBL +4.8%, SLV +4.3%, TEVA +4.1%,

GOLD +4%, AA +4%, GFI +3.6%, CHK +3.6%, TS +5.7%, RIO +4.9%, DB +4.9%,  RMBS +10.2%,

Gapping down

ORCT -20.8%, MO -3.5% , APRI -7%, TSTC -9.9%, MTG -4.8%

In Play

On the Wires 

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Deloitte polled a number of CFOs in the U.K. and their biggest fears are the break up of the Euro…

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Damn…let’s hope they are wrong as the fund predicts a decade of slow growth and high unemployment.

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Experts say it could happen again, but since nobody knows why it happened it is similar to predicting a volcanic eruption of sorts.

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Overall commodities were down in 2011, but oil and gold helped to keep the index in check. Expectations for copper are down on a China slowdown, but oil and gold are expected to lead once again.

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Another 10-30% drop in 2012

Preliminary estimates have growth at 38% vs the 40% analyst are expecting…

Kass thinks the markets will reach all time highs and has many more surprising predictions.

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Source

Gapping up

YHOO +1.7% , FSIN +9.7%, BHP +1.1%, BP +0.6%, VALE +2.1%, BBL +1.4%,

Gapping down

CSKI -18.6%, EXAR -3.7%, OPXT -2.8%, ING -2.7%, BCS -0.7%, HBC -0.6%MOS -1.9%, QGEN -1.6%,

ING -2.7%, BCS -0.7%, HBC -0.6%, GLD -1.3%, ALXN -1.3%,  SLV -1.8%, GG -1.5%, GLD -1.4%, EGO -1.4%,

SLW -1.3%, IAG -1.3%, HL -1.2%, GDX -0.9%, ABX -0.9%, SVM -0.8%.

In Play

On the Wires 

Some corporate news updates

Will we win the war or crush the greenback ?