Guess the central bank action failed to impress Soros…
Comments »Upgrades and Downgrades This Morning
Upgrades
INTU – Intuit resumed with a Neutral at Goldman
AUQ – Aurico upgraded to Buy from Neutral at BofA/Merrill
N – NetSuite resumed with a Buy at Goldman
MAPP – MAP Pharma initiated with an Overweight at JP Morgan
DCO – Ducommun initiated with a Buy at Auriga
ENR – Energizer initiated with a Buy at Janney Montgomery Scott
XYL – Xylem initiated with a Buy at Keybanc
SHOO – Steven Madden initiated with a Buy at Canaccord Genuity
NPO – Enpro Industries initiated with a Buy at Keybanc
ONE – Higher One initiated with a Buy at Suntrust
ANTH – Anthera Pharma upgraded to Outperform from Neutral at Wedbush
CLF – Cliffs Natural Resources initiated with an Outperform at Credit Suisse
NMM – Navios Maritime Partners initiated with an Overweight at JP Morgan
WDC – Western Digital upgraded to Buy from Hold at ThinkEquity
ADI – Analog Devices upgraded to Buy from Neutral at Sterne Agee
ECL – Ecolab resumed with a Neutral at Goldman
RTLX – Retalix initiated with an Outperform at JMP Securities
UHS – Universal Health initiated with an Outperform at BMO Capital
APH – Amphenol upgraded to Outperform from Neutral at Macquarie
LULU – lululemon athletica upgraded to Buy from Underweight at Keybanc
PROJ – Deltek initiated with an Outperform at JMP Securities
SLF – Sun Life upgraded to Equal Weight from Underweight at Morgan Stanley
JCI – Johnson Controls initiated with a Buy at Lazard
CCI – Crown Castle initiated with an Outperform at Macquarie
ROG – Rogers Corp initiated with a Mkt Outperform at Rodman & Renshaw
AMT – American Tower initiated with an Outperform at Macquarie
WNR – Western Refining upgraded to Outperform from Neutral at Credit Suisse
NM – Navios Maritime initiated with an Overweight at JP Morgan
HFC – HollyFrontier upgraded to Buy from Neutral at BofA/Merrill
KAMN – Kaman initiated with a Hold at Auriga
UTIW – UTI Worldwide initiated with a Buy at Lazard
Downgrades
THC – Navios Maritime Acquisition initiated with a Neutral at JP Morgan
SBAC – SBA Comm initiated with a Neutral at Macquarie
ULTI – Ultimate Software resumed with a Sell at Goldman
INFY – Infosys initiated with a Hold at Jefferies
HELE – Helen of Troy initiated with a Neutral at Janney Montgomery Scott
TGH – Textainer Group downgraded to Neutral from Buy at Suntrust
CSOD – Cornerstone OnDemand resumed with a Buy at Goldman
CLS – Celestica downgraded to Sell at Ticonderoga
ARGN – Amerigon initiated with a Hold at Needham
LPX – Louisiana-Pacific downgraded to Sector Perform from Outperform at RBC Capital
CM – CIBC downgraded to Neutral from Buy at UBS
TEL – TE Connectivity downgraded to Neutral from Outperform at Macquarie
TNK – Teekay Tankers initiated with a Neutral at JP Morgan
EXEL – Exelixis downgraded to Neutral from Buy at Lazard
BECN – Beacon Roofing Supply downgraded to Hold from Buy at Keybanc
SIRO – Sirona Dental Systems removed from Conviction Buy List at Goldman
GES – Guess? downgraded to Neutral from Buy at Citigroup
TOO Teekay Offshore initiated with a Neutral at JP Morgan
PPG – PPG Industries downgraded to Neutral from Buy at Goldman
AEE – Ameren downgraded to Underperform from Neutral at BofA/Merrill
Comments »Gapping Up and Down This Morning
Gapping up
BP +1.5%, TOT +1.2%, MITL +19.5%, ZUMZ +11.3%, WDC +9.4%, BCS +4.4%, DB +3.5%, BAC +3.1%, ALEX +9.3%,
ING +7.6%, LOGI +4.6%, LYG +2.7%, UBS +2.6%, PVH +2%, SDRL +1.9%, IBN +2.8%, DB +3.5%, MS +3.4%,
GNW +3.4%, E +1.8%, STO +1.4%, TOT +1.2%, CVX +1.1%, ALEX +9.3%, LULU +2.8%
Gapping down
EEP -4.7%, HRB -4.1%, RIMM -3.9%, AVGO -2.7%, BIG -5.5% , ROIC -1.5%, VSNT -4.2%, STX -4.3%, NVS -1.1%,
EEP -4.7%, CLS -4.3%, GES -1.4%
Comments »In Play and On the Wires
Market Bets on Positive Surprise in Jobs Data
Michael Savage Withdraws Support for Herman Cain
http://www.youtube.com/watch?v=MSqd7KEE5O8&feature=youtube_gdata_player
Comments »ROSENBERG & SRI-KUMAR: A Eurozone Endgame Could Spur A 2000-Point Rally In The Dow
Goldman Gives Predictions For 2012 & 2013
Kyle Bass: We Think Hard Defaults are Imminent
Is the world wrapped up in too much debt? Kyle Bass thinks so and has some chart porn to boot.
Comments »BREAKING: “DEFCON 3 CRAMER” Looking For Big Jobs Number Tomorrow
Aside from hearing about European bank failures, Cramer suggested, while on CNBC, that tomorrow’s jobs report will match ADP’s report of 206,000.
Comments »Gapping Up and Down This Morning
Gapping up
LAVA +26.7%, TSPT +14.3%, USG +1%, AMR +7.8%, YHOO +4.4%, CWTR +4.2%, NVS +1.9%, LCC +5.9%, SNPS +1.5%,
DIS +1.3%, NVS +2.3%, TEVA +2.1%, TASR +1.3%, SNY +1.2%, AZN +0.4%, TSPT +22.9%, VALE +1.5%, MT +0.9%,
SLV +0.8%, TD +0.8%, LTD +3.2%, SNPS +1.5%, CWTR +10%, MOV +9.3%,
Gapping down
BCS -3.6%, NYMT -3.5%, RUE -3.5%, ROIC -3.2%, ARO -1.7%, RCL -1.3%, ING -1.2%, STNG -13.7%,
SMTC -4.5%, HEP -3.6%, ROIC -3.2%, KKD -3.2%, PLOW -3.1%, UBS -3%, FNSR -2.4%, ING -1%, DB -0.4%,
GIL -16.2%, LULU -11.5%, SMTC -4.5%, FNSR -3.5%, RUE -3.5%, TGT -2.8%, GES -1.8%, ARO -1.4%, EXPR -0.4%,
Comments »Upgrades and Downgrades This Morning
Upgrades
STX – Seagate Tech upgraded to Buy at Argus
FCN – FTI Consulting initiated with a Outperform at Northland Securities
AGN – Allergan upgraded to Buy at Argus
HURN – Huron Consulting initiated with a Outperform at Northland Securities
MGI – Moneygram initiated with an Outperform at JMP Securities
USG – USG upgraded to Outperform from Sector Perform at RBC Capital
HPQ – Hewlett-Packard upgraded to Sector Perform from Underperform at Pacific Crest
DOLE – Dole Food initiated with a Buy at Auriga
IRF – Intl Rectifier upgraded to Outperform from Market Perform at JMP Securities
CQB – Chiquita Brands initiated with a Buy at Auriga
EXPR – Express target raised to $29 at Brean Murray
ABVT – Abovenet initiated with an Overweight at Piper Jaffray
CAS – A.M. Castle initiated with a Buy at Auriga
AWAY – HomeAway upgraded to Outperform from Sector Perform at Pacific Crest
LCC – US Airways upgraded to Overweight from Equal Weight at Barclays
DLLR – Dollar Financial added to Top Picks List at FBR Capital
CRS – Carpenter Tech initiated with a Buy at Auriga
WPI – Watson Pharm initiated with a Hold at Jefferies
Downgrades
SCHN – Schnitzer Steel initiated with a Hold at Auriga
PG – Procter & Gamble upgraded to Outperform from Sector Perform at RBC Capital
OZRK – Bank of the Ozarks downgraded to Hold at Wunderlich
TUP – Tupperware downgraded to Neutral from Buy at Suntrust
ONXX – Onyx Pharma downgraded to Neutral from Buy at BofA/Merrill
SPB – Spectrum Brands downgraded to Neutral from Buy at Suntrust
WOR – Worthington initiated with a Hold at Auriga
TEVA – Teva Pharma downgraded to Neutral from Buy at Suntrust
UNM – Unum Group downgraded to Neutral from Buy at Suntrust
WBMD – WebMD Health downgraded to Neutral from Outperform at Cowen
PNM – PNM Resources downgraded to Neutral from Buy at Suntrust
FNSR – Finisar target lowered to $27 at Stifel Nicolaus
FDP – Fresh Del Monte initiated with a Hold at Auriga
VAC – Marriot Vacations initiated with a Hold at Deutsche Bank
Comments »In Play and On the Wires
A Compilation of Comments and Analysis of Yesterday’s Central Bank Coordination
I’m sure there will be more, but for me this is the end of it until time has passed to see what results we may or may not have.
Comments »DYLAN GRICE: Yes, Germany Is Risking A Repeat Of The 1930s
Gerald Celente: Yesterday’s Central Bank Coordination Was a Con to Sucker More People Into the Markets
2008 Comparisons to Yesterday’s Central Bank Coordination
Have your coffee first…. or what ever makes you happy in the am.
Comments »
