Rogers will be extremely excited if gold corrects near $1200. He still owns gold and will not sell, but look for an opportunity to add. He also stated he owns the dollar.
Comments »Tom Lee of JPM Still Insists on 1350 S&P by Year End
Unless Europe can really get something done this seems like a very unlikely target.
Comments »Upgrades and Downgrades This Morning
Upgrades
QCOM – Qualcomm initiated with an Outperform at Scotia
JEC – Jacobs initiated with a Buy at Lazard
DNR – Denbury Resources upgraded to Buy from Neutral at Suntrust
HON – Honeywell assumed with a Buy from Neutral at Sterne Agee
KBR – KKR initiated with a Buy at Lazard
IDIX – Idenix Pharma upgraded to Outperform from Market Perform at William Blair
MTRN – Materion upgraded to Buy from Hold at Keybanc
BA – Boeing initiated with a Buy at Sterne Agee
ARBA – Ariba upgraded to Outperform at Oppenheimer
HPQ – Hewlett-Packard upgraded to Outperform from Sector Perform at RBC Capital
TGI – Triumph Group initiated with a Buy at Sterne Agee
STO – Statoil ASA upgraded to Buy from Neutral at Collins Stewart
PCP – Precision Castparts initiated with a Buy at Sterne Agee
ESC – Emeritus Corp initiated with an Outperform at JMP Securities
BEAV – BE Aerospace initiated with a Buy at Sterne Agee
SNDK – SanDisk target raised to $68 at Stifel Nicolaus
CECE – CECO Environ. resumed with a Buy at Needham
SPR – Spirit Aerosystems initiated with a Buy at Sterne Agee
SUSQ – Susquehanna Bank upgraded to Buy from Neutral at Sterne Agee
SYA – Symetra Financial upgraded to Neutral from Underperform at BofA/Merrill
VRA – Vera Bradley initiated with a Neutral at JP Morgan
Downgrades
DD – DuPont initiated with a Neutral at UBS
XLS – Exelis initiated with a Neutral at Suntrust
CCRN – Cross Country downgraded to Neutral from Buy at Suntrust
FWLT – Foster Wheeler initiated with a Neutral at Lazard
TX – Ternium S.A. downgraded to Neutral from Buy at BofA/Merrill
COL – Rockwell Collins initiated with a Neutral at Sterne Agee
ZION – Zions Bancorp downgraded to Neutral from Outperform at Macquarie
DDS – Dillard’s downgraded to Neutral from Buy at Sterne Agee
PPL – PPL Corp downgraded to Equal Weight from Overweight at Barclays
NFP – National Financial Partners downgraded to Underperform at BofA/Merrill
AHS – AMN Healthcare Services downgraded to Neutral from Buy at Suntrust
NR – Newpark Res initiated with a Hold at Canaccord Genuity
Comments »Gapping Up and Down This Morning
Gapping up
TOT +2%, BP +1.7%, YHOO +1%, IRE +5.7%, AIXG +4.7%, RIMM +3.2%, FDML +2.7%, HI +6.9%, STX +6.3%,
CEDC +6.2%, CUK +2.7%, CCL +2.7%, HPQ +1.1%, DB +2.6%, UBS +2.6%, PPG +1.2%, RIMM +3.2%,
Gapping down
RIG -4.7%, SUSS -3.6%, VALE -2.2%, SLV -1.5%, EGBN -2.2%, AG -1.2%, TIF -4.9%, RIO -1.1%,ABVA -8%
GLD -0.2%, TLAB -3.3% , DDS -1.4% ,
Comments »In Play and On the Wires
$200 Million of the Missing MF Global Money Turns Up at JPM in Britain
Rogers: “100% Chance of Crisis”
Christie to Obama: “What the hell are we paying you for?” (VIDEO)
BREAKING: CRAMER GOES ZEROHEDGE ON STOCKS
On his show, Mad Money, Cramer said to sell stocks “due to credit,” referring to the European crisis.
Comments »Has LIBOR Made a Double Bottom ?
DICK bove Admits He Was Wrong on Bank Stocks
How did this guy even qualify as a bank analyst ? At least he is admitting that the banks are not in the healthy shape he thought.
Comments »Stocks With the Highest Short Interest
The bears will run for cover on these names; and not just for today’s trade.
Comments »Six Names Make The Hedge Fund Overweight List
The New Chevrolet Volt Could Stunt Electric Car Production Due to Safety Concerns
Roubini: Gold Standard Fans Are ‘Lunatics and Hacks’
DICK bove: Stress Tests Threaten US Economic Recovery
Cramer Says “Buying this Up Open is Criminal”
While chatting with others on CNBC, Jim Cramer, dressed in a bear suit, said “buying this up open is criminal,” suggesting the market is heading lower.
Comments »Upgrades and Downgrades This Morning
Upgrades
WFM – Whole Foods upgraded to Buy from Neutral at Northcoast
WFC – Wells Fargo Q4 ests raised at Stifel
POT – Potash upgraded to Outperform from Sector Perform at Scotia
BBT – BB&T Corp upgraded to Overweight from Equal Weight at Morgan Stanley
SAN – Banco Santander upgraded to Buy from Hold at Deutsche Bank
FOSL – Fossil upgraded to Buy at The Benchmark Company
GOOG – Google upgraded to Buy from Neutral at Citigroup
CSTR – Coinstar upgraded to Overweight from Neutral at JP Morgan
USB – U.S. Bancorp upgraded to Overweight from Equal Weight at Morgan Stanley
ERTS – Electronic Arts upgraded to Buy from Neutral at Citigroup
NFLX – Netflix upgraded to Neutral from Negative at Susquehanna
GNW – Genworth Financial upgraded to Buy from Neutral at Citigroup
ARUN – Aruba Networks upgraded to Outperform from Sector Perform at Pacific Crest
PETM – PETsMART initiated with a Buy at Needham
MGI – Moneygram initiated with an Outperform at Wells Fargo
TROW – T. Rowe Price upgraded to Buy at Ticonderoga
FL – Foot Locker upgraded to Buy from Neutral at UBS
UMPQ – Umpqua Holdings target raised to $13 at Stifel Nicolaus
GILD – Gilead Sciences added to Conviction Buy List at Goldman
CRM – Salesforce.com upgraded to Buy at Needham
NTSP – NetSpend initiated with an Outperform at Keefe Bruyette
MGI – Moneygram initiated with a Buy at BofA/Merrill
VZ – Verizon upgraded to Buy from Neutral at UBS
AVL – Avalon Rare Metals initiated with a Buy at Citigroup
GDOT – Green Dot initiated with an Outperform at Keefe Bruyette
WYNN – Wynn Resorts upgraded to Buy from Hold at Keybanc
PVR – Penn Virginia initiated with a Buy at BofA/Merrill
BRE – BRE Properties upgraded to Outperform from Sector Perform at RBC Capital
Downgrades
JPM – JPMorgan Chase ests lowered at Stifel
C – Citigroup downgraded to Equal Weight from Overweight at Morgan Stanley
BK – downgraded to Underweight from Equal Weight at Morgan Stanley
AXP – American Express downgraded to Equal Weight from Overweight at Morgan Stanley
R – Ryder System downgraded to Neutral from Buy at Suntrust
EV – Eaton Vance downgraded to Underperform from Neutral at Credit Suisse
AEM – Agnico-Eagle Mines downgraded to Hold from Buy at Canaccord Genuity
K – Kellogg downgraded to Market Perform from Outperform at BMO Capital
HME – Home Properties downgraded to Sector Perform from Outperform at RBC Capital
RIMM – Research In Motion downgraded to Neutral from Buy at Sterne Agee
NJR – NJ Resources resumed with a Hold at Brean Murray
MOS – Mosaic downgraded to Hold from Buy at Canaccord Genuity
STT – State Street downgraded to Underweight from Equal Weight at Morgan Stanley
ERIC – LM Ericsson downgraded to Hold from Buy at Societe Generale
LSTR – Landstar System downgraded to Neutral from Buy at Suntrust
ILMN – Illumina downgraded to Underperform from Neutral at Macquarie
AEGN – Aegion initiated with a Neutral at Ladenburg Thalmann
HSTM – Healthstream downgraded to Equal Weight from Overweight at First Analysis
CCG – Campus Crest Communities downgraded to Sector Perform from Outperform at RBC Capital
Comments »Gapping Up and Down This Morning
Gapping up
Global equities, commodities, hopes, and dreams.
Gapping down
All short ETFs, the mouths of bears, and common sense.
Comments »
