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Gapping Up and Down This Morning

Gapping up

BCS +1.4%, CS +2.3%, HBC +1.8%, UBS +1.8%, ING +1.4%, TWO +1.1%, SAP +1, LYG +4.6%, MELA +78.6%,

WLT +10%, YHOO +7.7%, BAC +6.4%, NVDA +5.5%, FST +3.8%, WMB +3.8%, SDRL +3.2%,

PAY +2.8%, RCL +2.4%,



Gapping down

GLD -2.1%, SLV -1.8%,  ACOR -4%, NNN -2.3%, GDX -2.1%, DRI -3.3%, PBY -3%, URBN -3%, ALTR -2.5%,

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Upgrades and Downgrades This Morning


AAPL – Apple target raised to $545 at Canaccord Genuity

UBS – UBS AG added to Focus List at JP Morgan

CIT – CIT Group upgraded to Overweight from Equal-Weight at Evercore Partners

CS – Credit Suisse upgraded to Outperform from Market Perform at Keefe Bruyette

AMID – American Midstream Partners initiated with a Buy at Citigroup

SODA – SodaStream upgraded to Overweight from Neutral at JP Morgan

APC – Anadarko Petro upgraded to Focus Stock from Outperform at Howard Weil

TEA – Teavana initiated with an Outperform at William Blair

GPRO – Gen-Probe upgraded to Buy at Canaccord Genuity

X – U.S. Steel upgraded to Buy from Hold at Citigroup

MDVN – Medivation upgraded to Outperform from Market Perform at Leerink Swann

DV – DeVry upgraded to Buy from Hold at Deutsche Bank



TZOO – Travelzoo ests and target lowered to $72 at Wedbush

WFC – Wells Fargo downgraded to Market Perform from Outperform at Keefe Bruyette

SUN – Sunoco reinstated with an Underperform at BofA/Merrill

MCD – McDonald’s removed from Key Calls List at UBS

BBY – Best Buy downgraded to Neutral from Overweight at Piper Jaffray

LDK – LDK Solar downgraded to Sell at Argus

IR – Ingersoll-Rand upgraded to Buy from Neutral at UBS

PEG – Public Service downgraded to Neutral from Outperform at Macquarie

HOG – Harley-Davidson removed from Short-Term Buy list at UBS

CBSH – Commerce Public Service downgraded to Neutral from Outperform at Macquarie

BBY – Best Buy downgraded to Neutral from Overweight at Piper Jaffray

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Everybody Say the Word: Gen..Gen…Genocide

NOTE: chessNwine Commentary: 

While Moammar Gadhafi is indeed a scumbag and likely behind the Pan Am flight 103 bombing that killed many Americans, the West could at the very least say that he is a known quantity, and a KNOWN evil. The headline on the DrudgeReport.com at the time of this writing is a link to THIS STORY detailing how rebel forces and armed civilians in Libya have rounded up and jailed black Africans, accusing them of supporting Gadhafi. There is no telling how ugly this will get, precisely because we are now dealing with an UNKNOWN enemy, not unlike the situation we saw earlier this year in Egypt. The coverage on CNN and other idealistic news networks has been misguided at best, and blindly ideological at worst. To imply that democracy loving, college educated, “OMG social media” using kids have overthrown these dictators should be called a Mickey Mouse operation of yellow journalism, but then again that would be an insult to Mickey Mouse. I have see few people consider the possibility that the events in Egypt and Libya, and throughout the Middle East during Arab Spring, could actually lead to even worse regimes.


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