Source

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

Brightpoint Inc. (NASDAQ: CELL) Reiterate as Buy with a $14 price target objective at Canaccord Genuity.
Cisco Systems Inc. (NASDAQ: CSCO) Reiterated as Buy with $24 price target objective at Argus.
Deckers Outdoor Corporation (NASDAQ: DECK) Reiterated as Buy with a $122 price target objective at Canaccord Genuity.
Diamond Offshore Drilling Inc. (NYSE: DO) Started as Sell with a $70 target price objective at Goldman Sachs.
France Telecom (NYSE: FTE) Cut to Underperform and named as Bear of the Day by Zacks Investment Research.
Hatteras Financial Corporation (NYSE: HTS) Cut to Neutral at Stern Agee.
Healthways Inc. (NASDAQ: HWAY) Raised to Buy at Stifel Nicolaus.
Hercules Offshore, Inc. (NASDAQ: HERO) Started as Neutral at Goldman Sachs.
Las Vegas Sands Corp. (NYSE: LVS) Cut to Neutral at Janney Capital Markets.
Lululemon Athletica Inc. (NASDAQ: LULU) Reinitiated as Buy at Stern Agee.
Melco Crown Entertainment Ltd. (NASDAQ: MPEL) Raised to Outperform from Neutral at Credit Suisse.
NRG Energy, Inc. (NYSE: NRG) Cut to Neutral from Buy at UBS.
Philip Morris International, Inc. (NYSE: PM) Cut to Neutral from Buy at Nomura.
Schlumberger Limited (NYSE: SLB) Started as Neutral at Goldman Sachs.
Sonic Automotive, Inc. (NYSE: SAH) named as value stock of the day by Zacks Investment Research.
State Auto Financial (NASDAQ: STFC) Raised to Buy from Neutral at Janney Capital Markets.
Veolia Environnement S.A. (NYSE: VE) Cut to Hold from Buy at Deutsche Bank.
VeriSign, Inc. (NASDAQ: VRSN) Raised to Outperform and featured as the Bull of the Day by Zacks Investment Research.
Weatherford International Ltd. (NYSE: WFT) Started as Buy with a $22 price target objective at Goldman Sachs.
Yum! Brands, Inc. (NYSE: YUM) Reiterated Buy with $65 fair value target at Janney Capital Markets.

 

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Gapping Up

LULU +1.5%, PSUN +44.4%, AXL +3%, GIII +21.3%, CJES +6.8%, CEDC +9.6%,  MCD +1.4%, ENB +0.5%,

AZN +1.4%, GSK +1.4%, AFFY +25.4%, CJES +6.8%, ARMH +1.6%,  USB +0.9%,  EQT +3.2%,  BA +2%, POT +0.9%,

Gapping Down 

RIG -1.3%, THQI -12.3%, SNH -1.5%, CLWR -7.9%, TSLA -7.9%, EPD -2.7%, ARR -2.4%, CREE -2.2%, BP -1.2%,

TSLA -8.3%, HNR -7.6% ,  ARR -2.4%, ALXA -34.3%, WFR -3.1%, AMR -10.7%, SAVE -4.3%, COST -1.9%,

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In Play

On the Wires

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Asia

Europe

Futures

Currencies

Commodities

LIBOR, EURIBOR, and 10 year yields for : Italy, Spain, France, and Germany

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Bank of England left rates unchanged

ECB Action

 

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S&P FUTURES OFF 0.85%

Nikkei

Asia

[youtube://http://www.youtube.com/watch?v=6giiYDlqRQs&feature=related 450 300]

 

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A lack luster day until the last 30 minutes or so. Narrow trading on light volume. Bulls manage to push markets high up to the sky…or at least up to the 200 day. Sellers hit bids in the last 2 minutes into the close.

There is a rumor floating around that Japan or the G20 countries will float a $600 billion loan to the IMF for the Euro Crisis. IMF denies the rumor.

DOW UP 48

NASDAQ UNCH

S&P UP 2.61

OIL DOWN $0.77

GOLD UP $13.70

USD/EUR UP .10% @ 1.34

[youtube://http://www.youtube.com/watch?v=9r_ciU5BZzE 450 300] [youtube://http://www.youtube.com/watch?v=hOy1qa9BrnM&feature=related 450 300]

 

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Let’s not forget the number hated stock by bears in the entire world: GRPN +6.5%.

No. Ticker % Change Short as % of Float
1 TLB 64.10 32.10
2 AMR 50.00 14.67
3 MNI 46.61 64.80
4 CMED 21.79 26.51
5 SPMD 14.36 17.60
6 FRAN 13.81 18.30
7 ENER 12.12 24.51
8 KTOS 11.29 16.80
9 MITK 10.35 14.20
10 DEXO 9.86 13.90
11 AFFY 8.92 10.70
12 RATE 8.65 18.10
13 MOTR 7.26 24.50
14 GIII 7.11 12.00
15 TEA 6.25 62.64
16 CSUN 6.25 17.13
17 Z 6.14 10.62
18 RJET 6.07 17.60
19 KSWS 6.04 24.00
20 DYN 5.90 12.37
21 PRMW 5.80 18.20
22 STP 5.77 15.69
23 ENTR 5.64 20.50
24 FSLR 5.53 45.30
25 GMXR 5.41 16.60
26 JBLU 5.20 16.70
27 LNET 4.90 26.50
28 CSIQ 4.74 18.10
29 GCI 4.61 10.90
30 JKS 4.59 49.88
31 LCC 4.57 14.77
32 NFLX 4.49 17.90
33 MBI 4.42 26.00
34 KV-A 4.29 22.34
35 VVUS 4.07 21.70
36 GOL 4.07 10.23
37 RDN 3.97 17.20
38 FSL 3.92 10.15
39 OXGN 3.92 20.40
40 OWW 3.76 11.80
41 STRI 3.68 25.40
42 ETM 3.67 13.90
43 WWE 3.66 13.20
44 MTG 3.55 17.70
45 PNSN 3.45 18.30
46 LEE 3.39 12.90
47 MELA 3.17 26.70
48 SIGA 3.09 26.10
49 BTH 3.06 11.50
50 PSUN 3.05 18.70

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No. Ticker % Change
1 AMR 65.71
2 TLB 60.26
3 MNI 38.14
4 VRS 31.53
5 MSO 30.77
6 CYDE 22.22
7 MIND 20.62
8 CMED 18.68
9 WH 18.18
10 MW 17.07
11 CAGC.PK 16.47
12 AHC 16.08
13 GBG 15.84
14 POWL 15.44
15 CFW 15.38
16 MSHL 14.85
17 DEXO 14.08
18 FRAN 13.39
19 RCON 13.33
20 ENER 12.67
21 HSWI 12.60
22 RITT 11.86
23 BIOD 11.67
24 KIPS 11.38
25 NCS 11.29
26 KTOS 11.11
27 XUE 9.91
28 SPMD 9.57
29 LEE 8.96
30 AFFY 8.92
31 FLML 8.88
32 RATE 8.54
33 HOFT 8.47
34 MAGS 8.39
35 GRPN 8.26
36 RJET 8.18
37 ACUR 7.91
38 INUV 7.82
39 LF 7.59
40 LOJN 7.58
41 MITK 7.53
42 LTXC 7.53
43 SYPR 7.50
44 CIS 7.49
45 HXM 7.38
46 FSLR 7.35
47 SAN 7.31
48 ANGI 7.28
49 CPRX 7.27
50 SAI 7.00

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-CALLS- 
OPTION    EXP.DATE       STRIKE PRC.     VOLUME        LAST S/PRC.    NET CHANGE 
ITUB       12/17/11         20.0000        3958            0.2000      up 0.0000 
GE         1/21/12          16.0000        2942            1.0600      dn 0.0100 
AMR        12/17/11          0.5000        2567            0.3700      up 0.1000 
ITUB       12/17/11         19.0000        2060            0.4000      dn 0.1000 
AAPL       12/9/11         390.0000        1670            2.3300      dn 1.6000 
AMR        12/17/11          1.0000        1506            0.1000      up 0.0600 
AMR        1/19/13           1.0000        1264            0.2300      up 0.0700 
BAC        12/17/11          6.0000         877            0.1900      up 0.0200 
GE         1/21/12          19.0000         773            0.0600      up 0.0000 
GLD        12/9/11         169.0000         729            1.3400      up 0.0700 

 -PUTS- 
OPTION    EXP.DATE       STRIKE PRC.     VOLUME        LAST S/PRC.    NET CHANGE 
HPQ        5/19/12          27.0000        2285            2.7900      up 0.1900 
F          12/17/11         10.0000        1414            0.0400      dn 0.0100 
AMR        12/17/11          1.0000        1021            0.3100      dn 0.0800 
BHI        12/17/11         52.5000        1000            2.5400      up 0.8700 
INTC       1/21/12          21.0000         910            0.1500      up 0.0200 
JPM        1/21/12          28.0000         902            0.7100      up 0.0600 
FSLR       1/19/13          30.0000         836            4.1000      dn 0.9500 
HPQ        1/21/12          35.0000         761            7.5000      up 0.5000 
BAC        12/17/11          6.0000         758            0.3600      dn 0.0300 
AMGN       12/17/11         55.0000         738            0.3900      up 0.0700 

 -VOLUME- 
 CALLS      PUTS           TOTAL 
232761    174416        407177

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NYSE

New Highs 32 

COMPANY                       SYMBOL      HIGH                VOLUME 
-------                       ------      ----                ------ 
Alliant Energy                LNT         43.00              367,641 
BlackRock Long-Term Muni      BTA         11.62               11,752 
BlkRk MuniAssets Fd           MUA         12.24               20,739 
BlkRk MuniHldgs II            MUH         15.23                2,864 
BlkRk MuniYld CA Quality      MCA         14.25               13,886 
BlkRd MuniYld Michigan II     MYM         14.04                3,190 
BlkRk MuniYld MI Qlty         MIY         15.00                6,215 
Blackrock Strategic Muni      BSD         13.79                3,449 
Generac Holdings              GNRC        26.74               83,081 
Inv CA Ins Tr                 IIC         14.71                6,678 
Invesco CA Qty Tr             IQC         13.32                1,385 
Invesco Insured Mun Secs      IMS         14.36                1,266 
Invesco MIO II                OIB         7.25                 7,217 
Invesco Mun Prem Inc          PIA         8.56                 4,175 
Invesco NY Qty                IQN         15.00                  822 
Invesco VnKmCAInc             VCV         12.88                1,890 
Eli Lilly                     LLY         40.13            3,960,006 
Nuveen Build Am Bd Fd         NBB         20.40               13,498 
Nuveen Ins Muni Opport        NIO         14.62               12,917 
Nuveen NY Div Fnd             NAN         13.99                2,743 
Nuveen NY Select Quality      NVN         15.32                6,864 
Nuveen Premier Muni Inc       NPF         14.42                8,035 
Nuveen Prem Inco Muni 2       NPM         14.71               11,001 
Nuveen Quality Income         NQU         14.39               16,119 
Nuveen Select Quality         NQS         14.95                2,853 
PIMCO Muni Inc III            PMX         11.13               16,714 
Public Str Dep. pfd. D        PSApD       25.44                  358 
Public Str Dep. pfd. C        PSApC       26.24                  350 
Public Str Dep. pfd. F        PSApF       25.66                1,287 
Sunoco Logistics Partners     SXL         37.98               39,716 
Tesoro Logistics LP           TLLP        30.25                5,196 
U.S. Cellular Sr Nts          UZA         26.24                7,280 

New Lows 5 

COMPANY                       SYMBOL      LOW                 VOLUME 
-------                       ------      ----                ------ 
Cellcom Israel                CEL         16.16               54,506 
Doral Fincl                   DRL         0.70                52,030 
Getty Realty                  GTY         12.51              218,651 
Solera Hldgs                  SLH         45.31               38,282 
Taomee Holdings ADS           TAOM        4.62                 1,635

NASDAQ

New Highs 7 

COMPANY                       SYMBOL      HIGH                VOLUME 
-------                       ------      ----                ------ 
Associated Banc-Corp. Wt      ASBCW       1.37                   200 
Genomic Health                GHDX        29.34               42,592 
German American Bancorp       GABC        19.49                5,425 
Liquidity Services            LQDT        39.09              189,911 
Mitcham Industries            MIND        20.57              627,569 
SPS Commerce                  SPSC        24.63               10,383 
Synergy Pharmaceuticals       SGYPD       5.24                 4,512 

New Lows 16 

COMPANY                       SYMBOL      LOW                 VOLUME 
-------                       ------      ----                ------ 
Citi Trends                   CTRN        8.45                19,443 
Digital River                 DRIV        14.76               36,989 
eGain Communications          EGAN        4.21                12,421 
FreeSeas                      FREE        0.50                 2,605 
Friendfinder Networks         FFN         0.79                11,513 
Meru Networks                 MERU        3.93                 3,337 
Network Equip Tech            NWK         1.43                 5,877 
Poniard Pharmaceuticals       PARDD       3.55                 5,713 
Seanergy Maritime             SHIP        2.55                 1,350 
Sigma Designs                 SIGM        6.39                20,501 
TigerLogic Corp               TIGR        1.96                 8,700 
USA Techs wt                  USATW       0.01                 3,265 
U S Concrete                  USCR        2.65                 1,000 
Wireless Ronin Techs          RNIN        0.98                25,113 
ZELTIQ Aesthetics             ZLTQ        13.01                3,900 
Zipcar                        ZIP         13.87              126,838

Comments »

Heat map

A/D Line

Money Flows

ISSUE GAINERS                 SYMBOL   EXCH   LAST PRICE   MONEY FLOW    RATIO 
                                                          (in millions) 
Apple                          AAPL    NASD      387.69       +16.5       1.07 
IBM                            IBM     NYSE      191.78       +13.8       1.79 
Eli Lilly                      LLY     NYSE       39.42       +11.4       1.53 
General Electric               GE      NYSE       16.71       +10.5       1.67 
Microsoft                      MSFT    NASD       25.46        +9.9       1.46 
Banco Santander Ch             SAN     NYSE       69.14        +9.6       1.41 
Procter & Gamble               PG      NYSE       64.83        +8.6       2.23 
Hewlett-Packard                HPQ     NYSE       27.82        +7.7       2.33 
SPDR S&P Homebuilders          XHB     ARCA       17.01        +7.2      14.65 
Vale S.A.                      VALE    NYSE       23.65        +7.0       2.78 
Pfizer                         PFE     NYSE       20.40        +6.5       1.40 
Freeport McMoran               FCX     NYSE       40.47        +6.4       1.45 
Johnson & Johnson              JNJ     NYSE       63.65        +4.7       1.41 
Verizon Communications         VZ      NYSE       38.07        +4.6       1.93 
Citigroup                      C       NYSE       28.98        +4.0       1.09 
F M C Corp                     FMC     NYSE       83.86        +3.7       2.70 
Abbott Labs                    ABT     NYSE       54.43        +3.6       1.83 
Anadarko Pete                  APC     NYSE       80.87        +3.5       1.51 
ExxonMobil                     XOM     NYSE       80.63        +3.3       1.12 
iShrs MSCI United Kingdom      EWU     ARCA       16.45        +3.2       5.03 

ISSUE DECLINERS               SYMBOL   EXCH   LAST PRICE   MONEY FLOW    RATIO 
                                                          (in millions) 
WisTree Drey Chin Yuan         CYB     ARCA       25.61       -30.1       0.00 
WT Asia Local Debt             ALD     ARCA       50.70       -27.4       0.00 
Vanguard Total Bond Mkt        BND     ARCA       83.32       -20.8       0.05 
Semiconductor HOLDRs Tr        SMH     ARCA       31.00       -15.4       0.05 
Bank Of America                BAC     NYSE        5.82       -14.2       0.61 
AT&T                           T       NYSE       29.10       -10.5       0.40 
Dollar General                 DG      NYSE       39.00       -10.1       0.76 
Google                         GOOG    NASD      620.88        -9.6       0.88 
iShs MSCI All Cty As x Jp      AAXJ    NASD       52.00        -9.1       0.05 
Oracle                         ORCL    NASD       31.14        -9.0       0.57 
Cisco Systems                  CSCO    NASD       18.80        -8.7       0.46 
iShr FTSE China 25             FXI     ARCA       36.53        -8.7       0.34 
Caterpillar                    CAT     NYSE       94.31        -8.6       0.76 
McDonald's                     MCD     NYSE       95.91        -8.3       0.49 
Philip Morris Intl             PM      NYSE       74.94        -8.1       0.50 
Bankrate                       RATE    NYSE       18.24        -7.6       0.33 
Wal-Mart Stores                WMT     NYSE       58.97        -7.6       0.54 
Deere & Co                     DE      NYSE       77.63        -6.7       0.62 
Altria Group Inc               MO      NYSE       28.59        -6.3       0.37 
iShrs Russell 2000             IWM     ARCA       73.70        -5.8       0.88

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Oil inventories see a build of 1.3 million barrels

Gasoline inventories build 5x expectations with 5.2 million barrels in storage

Distalites see a build of 2.5 million barrels

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From Z.H.

As the attached chart showing USD liquidity swap line usage by the ECB, or more specifically by European banks, we have now seen a surge to levels last seen in August 2009. However, more importantly this is where the usage was for the first time after the failure of Bear Stearns, and when everyone thought all had been fixed… until Lehman came. We are there now, in other words, we have just experienced a behind the scenes Bear-type event. What is disturbing is just how fast the rate of change was this time around compared to before, when it took months to get to $50 billion. Now, it was one week. When “Lehman v2.0” hits and it will hit, the next step function in the Fed’s global bailout will be so big and so fast, it will induce vertigo.

 

 

 

 

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Some December market stats 

Four reasons to expect a Santa rally

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

Allstate Corporation (NYSE: ALL) Started as Outperform at Credit Suisse.
Amazon.com Inc. (NASDAQ: AMZN) Started as Hold with $225.00 price target “due to low margins through 2012″ at Canaccord Genuity.
The Blackstone Group LP (NYSE: BX) Raised to Buy with $20.00 price target at Argus.
CenturyLink, Inc. (NYSE: CTL) named as value stock of the day at Zacks.
Chubb Corporation (NYSE: CB) Started as Outperform at Credit Suisse.
Darden Restaurants Inc. (NYSE: DRI) Cut to Hold from Buy at Argus.
Freescale Semiconductor Inc. (NYSE: FSL) Reinstated as Outperform at Credit Suisse.
GeoResources, Inc. (NASDAQ: GEOI) Started as Buy with $43 price target “on a concentrated Eagle Ford/Bakken exposure” by Canaccord Genuity.
Google Inc. (NASDAQ: GOOG) was initiated with a ‘Buy’ rating and $725.00 price target “on robust growth and great value” by Canaccord Genuity.
JDS Uniphase Corporation (NASDAQ: JDSU) Started in new coverage as Buy with a $14.75 price target at Jefferies.
LinkedIn Corporation (NYSE: LNKD) Started as Buy with $85 price target as “growth trumps valuation” by Canaccord Genuity.
Peabody Energy Corporation (NYSE: BTU) Downgraded to Neutral from Buy with $43 price target by Goldman Sachs.
Public Service Enterprise Group Inc. (NYSE: PEG) Downgraded to Neutral from Buy with $33 price target at Goldman Sachs.
Quest Diagnostics Inc. (NYSE: DGX) Started as Hold with $51 target at Auriga.
The Talbots, Inc. (NYSE: TLB) maintained Neutral with $3.00 fair value by Janney Capital Markets.
Travelers Cos. Inc. (NYSE: TRV) Started as Outperform at Credit Suisse.
Unisys Corporation (NYSE: UIS) Raised to Outperform as Bull of the Day at Zacks.
UnitedHealth Group Inc. (NYSE: UNH) added to the US Focus List at Credit Suisse.
Urban Outfitters, Inc. (NASDAQ: URBN) Maintained Neutral with $23.00 price target at Janney Capital Markets.
Willis Group Holdings, PLC (NYSE: WSH) named Bear of the Day at Zacks.

 Source

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Gapping up

TLB +76.3%, MIND +16.3%, MW +9.4%, OXGN +18.6%, MW +7.8%, ESIC +6.9%,  YHOO +0.4%, NCS +5.4%,

AVAV, MON +1.8%, VTSS +8.3%, GALE +27.8%, FSLR +4.1%, AVAV +1.9%, MSO +28.2%,  CRZO +3.2%, RIO +1.7%,

NFLX +1%, JDSU +0.8%, DUK +1.1%, CRK +2.1%,

Gapping down

FRO -7.1%, FNFG -5.7%, ING -4.5%, DB -3.6%, STD -2.6%, DG -1.4%BCS -2.4%, CS -2.3%, HCC -1.4% ,  CMM -18.6% ,

JAG -3.3%, SSRI -2%, SLV -1.8%, AU -1.2%, GLD -0.5%, LYG -1.8%, C -1.6%, UBS -1.6%, BRO -1.7% ,  CTIC -3.8%,

MS -1.1%, PLAB -4.5%, VRA -4.3%, BTU -1.8%, EXPR -1.6%, PCX -2.0%,  FAST -1.2%, ANR -1.7%, WLT -1.2%,

FRO -7.1%,  NOK -2.4%, FNFG -5.7%, EXPR -1.6%,

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In Play

On the Wires

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Germany loves to dole out pain….

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Asia

Europe

Futures

Currencies

Commodities

LIBOR, EURIBOR, 10 year yields for: Italy, Spain, France, & Germany

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