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%,
Comments »Rogers said it will work for a period of time, but in the end the SNB will eat a huge loss.
Comments »No downside acceleration yet. Perhaps this may be a temporary bottom. We can only hope at this point.
Not even go to names like MCD or KO. quite a different tune form past weeks….
Looking for support @ q050-1075 S&P.
Gold is the only buy even up here…..
Comments »Upgrades
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
Downgrades
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
Comments »Essentially Europeans are mishandling their banking crisis with squabbles and a lack of conviction to fix the problems with decisive measures.
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Merkel got a reality check at a regional election and the Finns demanded collateral for participation in bailout participation.
Comments »Sarah Palin and her tea party movement need to learn the painful lessons being experienced in the U.K.
While being frugal and cutting wasteful spending is a great goal we need to be very careful of not going too far as austerity can have painful affects upon a economy.
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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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