No. Ticker 1-week Return Market Cap
1 GRPN -36.04 10,820,000,000
2 NOK -18.74 20,290,000,000
3 STM -15.82 5,060,000,000
4 SAN -15.22 11,460,000,000
5 SID -14.30 11,310,000,000
6 ING -12.81 23,880,000,000
7 MU -12.56 5,640,000,000
8 LNKD -12.39 6,360,000,000
9 MT -12.18 23,540,000,000
10 WYNN -12.11 13,410,000,000
11 RIMM -12.04 8,440,000,000
12 CCH -12.02 6,030,000,000
13 APA -11.90 35,510,000,000
14 AEG -11.78 7,030,000,000
15 SU -11.74 43,440,000,000
16 VALE -11.69 116,450,000,000
17 GGB -11.67 12,500,000,000
18 CCJ -11.57 6,960,000,000
19 DB -11.57 30,200,000,000
20 HAL -11.57 29,630,000,000
21 HOT -11.55 8,390,000,000
22 BAK -11.48 6,080,000,000
23 CLF -11.47 9,140,000,000
24 LYG -11.39 23,520,000,000
25 RCL -11.08 5,140,000,000
U.S. Equities Lose Steam as Greece Negotiates a 75% Haircut Directly From Creditors
DOW, NASDAQ, and S&P close with disappointing results.
It is much too nice of a day to watch the close.
The follies of Europe continue to dominate our markets. If the ECB does not leverage or print money to solve its sovereign debt problems i fear the global equity markets will not be able to trade upon their own merits going forward.
Greece is looking for a 75% haircut directly from creditors. If a majority of creditors allows this then the banks who want a 40% haircut or less will suffer more write downs. This may also be viewed as a default.
Enjoy what is left of the holiday weekend.
Comments »
Euro Doom Rescheduled for February 2012
The doom predicted in Europe for Thanksgiving is now on hold until February 2012 as newly reformed governments in Europe provide hope and possible relief.
Not sure what kind of relief given yields spikes.
Comments »FLASH: U.S. Equities Stage a Black Friday Rally
DOW up 92
NASDAQ up 16
S&P up 9
Gold unchanged, WTI up $1.05, Greenback selling off slightly, banks lead the DOW
Comments »Imagine That: European Banks Have Trouble Unloading $7 Billion in Toxic Assets
Only NY can have shit for sale fly off the shelf ! We can sell ice to Eskimos and air to anyone that breathes.
Comments »Upgrades and Downgrades This Morning
Upgrades
CVG – CGGVeritas initiated with a Hold at Collins Stewart
MBT – Mobile TeleSystems upgraded to Buy from Neutral at UBS
Downgrades
CRIC – China Real Estate Info downgraded to Market Perform from Outperform at William Blair
POZN – POZEN target lowered to $7 at Brean Murray
VIP – VimpelCom downgraded to Neutral from Buy at UBS
Comments »Gapping Up and Down This Morning
Gapping up
POZN +43%, TSPT +5.6%, YHOO +0.8%, BEXP +0.2%
Gapping down
AEG -3.1%, ARMH -2.5%, ASML -2.0%, T -0.7%
Comments »In Play and On the Wires
Italian’s Pay Double on Six Month Paper; 6.5% for Eight Billion Euros
The Euro Falls On Weak French Confidence, a Strong Greenback, and a Not so Good Italian Bond Auction
Italian, Spanish, and Belgium Yields Hit Nose Bleed Territory Again; Core Yields Like France and Germany Relax
A Red Friday for Global Equities
Turkey’s Can’t Fly, Futures Can’t Either
Above is a 5 minute bar chart of the S&P E-minis. The futures have opened lower and are near to breaking to lower lows this evening.
Comments »Asia Opens to the Downside; Nikkei Gapping Down 1.77%
BIGGEST LOSERS (2 weeks)
Min mkt cap 1 bill
No. Ticker 2-week Return Market Cap
1 P -31.73 1,910,000,000
2 WNR -31.66 1,050,000,000
3 SSRI -30.62 1,110,000,000
4 MCP -29.95 2,500,000,000
5 NZT -29.75 2,800,000,000
6 GRPN -29.35 12,800,000,000
7 FMCN -28.78 2,400,000,000
8 RENN -28.16 1,560,000,000
9 CVI -28.10 1,480,000,000
10 PEGA -26.55 1,080,000,000
11 HFC -26.42 5,000,000,000
12 ALU -26.13 3,430,000,000
13 SWKS -25.89 2,920,000,000
14 ANR -25.43 4,540,000,000
15 HGSI -25.40 1,490,000,000
16 GMCR -25.20 7,790,000,000
17 TX -24.90 3,760,000,000
18 YOKU -24.19 1,750,000,000
19 MTL -23.34 4,010,000,000
20 MPEL -22.84 4,720,000,000
21 AIXG -22.70 1,180,000,000
22 CTRP -22.66 3,880,000,000
23 AGO -22.22 1,770,000,000
24 NFLX -22.19 3,700,000,000
25 LYG -22.09 24,390,000,000
26 SVM -21.72 1,240,000,000
27 YNDX -21.14 6,480,000,000
28 ANF -20.24 3,990,000
No Turkey Rally for the Bulls
Europe led all of today’s action after a German bond auction went bid less for 35% of the paper. Yields across Europe were okay until about 10am when they sky rocketed.
All in all it was not such a bad day, could have been a 500 point day, but when you put 6 of them together for a 7% murder hole today did hurt.
DOW off 234
NASDAQ off 61
S&P off 26
[youtube://http://www.youtube.com/watch?v=Bl4dEAtxo0M 450 300] Comments »Solar Stocks Are Outperforming Today
No. Ticker % Change Industry
1 YGE 9.46 Solar
2 DQ 3.55 Solar
3 SOL 3.45 Solar
4 RSOL 2.13 Solar
5 TSL 1.79 Solar
6 FSLR 1.32 Solar
Today’s 52 Week Highs and Lows
NYSE
COMPANY SYMBOL HIGH VOLUME ------- ------ ---- ------ Alliance CA Municipal AKP 14.20 8,884 BlkRk MuniHldgs Qlty II MUE 14.07 24,290 BlkRk MuniYld CA Quality MCA 14.19 24,128 BlkRk MuniYld Ins Qlty MFT 14.29 4,824 DWS Muni Inco KTF 13.35 33,767 EI DuPont $4.50 Cum. pfd. DDpB 102.11 200 Invesco Qty Inv IQT 13.77 11,873 Nuveen Prem Inco Muni 4 NPT 13.10 22,528 Nuveen Sel 3 NXR 14.20 1,613 VA Elect & Pwr 5% pfd. VELpE 112.75 450 New Lows 128 COMPANY SYMBOL LOW VOLUME ------- ------ ---- ------ AMR AMR 1.60 1,575,864 Abercrombie & Fitch ANF 44.25 659,786 AlcatelLucent ADS ALU 1.50 7,299,936 Apollo Residential Mtg AMTG 14.41 28,110 Arlington Asset Inv Cl A AI 19.13 16,417 Artio Global Invs Inc ART 5.63 29,142 Assured Guaranty Ltd AGO 9.31 519,097 Astoria Financial AF 6.69 112,293 Atlantic Power AT 12.52 303,452 Avon Products AVP 16.20 882,209 Banco Santander Ch SAN 62.83 189,576 Banco Santander STD 6.88 1,815,659 Bank Of Ireland IRE 4.00 193,674 Baxter Intl BAX 47.88 776,514 CBIZ CBZ 5.49 28,479 Canon Inc CAJ 41.82 38,469 Cash Store Financial Svc CSFS 6.84 1,100 Cellcom Israel CEL 17.02 118,039 China Kanghui ADS KH 14.00 34,879 CocaCola ADS CCH 16.20 3,518 CommonWealth REIT CWH 15.79 174,230 Computer Sciences CSC 23.31 1,022,283 Credit Suisse Group AG CS 21.55 560,136 Cryolife CRY 4.12 24,846 DHT Holdings DHT 0.98 229,681 DelhaizeGrp DEG 55.59 16,523 Delphi Automotive DLPH 19.22 336,624 DesarrHomex HXM 11.64 47,856 Deutsche Bk Contng Cap Tr DXB 18.31 53,739 Dice Hldg DHX 7.24 82,122 DigitalGlobe DGI 15.00 22,697 Dole Food Co DOLE 8.50 131,937 Doral Fincl DRL 0.81 131,938 Ducommun DCO 11.36 19,237 Dynegy DYN 2.25 384,641 E-Commerce China Dangdang DANG 4.36 785,853 Edwards Lifesciences EW 61.59 204,899 Elster Group SE ADS ELT 11.94 11,573 Enzo Biochem ENZ 2.02 42,398 ExamWorks Group EXAM 6.42 97,867 Exelis Inc. XLS 9.07 224,684 Federal Signal FSS 3.65 110,561 Federated Investors FII 15.05 344,530 Feihe International ADY 4.05 11,275 Ferro Corp FOE 4.99 236,598 Fibria Celulose ADS FBR 6.85 554,832 Fidelity National FIS 22.54 323,763 Five Star Quality Care FVE 2.15 29,750 Frontline Ltd FRO 2.61 3,080,918 GMX Resources GMXR 1.18 493,714 GM Pfd Series B GMpB 33.31 78,008 GenOn Energy GEN 2.46 781,131 Gildan Activewear GIL 22.70 59,440 Global Geophysical Svcs GGS 6.51 46,569 HDFC Bank Ltd HDB 25.12 216,208 Hanger Orthopedic HGR 15.11 22,577 Hyperdynamics HDY 2.78 1,767,934 ICICI Bank IBN 27.59 387,770 Imation IMN 5.49 43,430 India Fund IFN 20.60 90,554 Intrepid Potash IPI 22.29 92,847 JPMorgan Chase wt JPM/WS 8.00 111,510 Japan Equity Fund JEQ 4.97 13,600 Japan Sml Cap JOF 7.05 13,950 KBW Inc KBW 12.43 55,820 K12 Inc LRN 23.23 183,647 Kellogg Co K 48.11 477,317 Kenexa KNXA 21.77 34,035 Leucadia Natl LUK 20.21 671,511 Lloyds Banking Grp LYG 1.35 1,453,307 Memc Elec Materials WFR 3.97 1,988,706 Mahanagar Tel MTE 0.95 5,769 Medifast MED 13.00 60,784 Mitsubishi UFJ Fincl Grp MTU 4.02 132,250 Mizuho Fnl Grp ADS MFG 2.45 95,400 MS India Invest IIF 14.79 44,108 Natl Bank Of Greece NBG 0.44 315,660 Nomura Hldgs NMR 2.95 41,810 OM Group OMG 21.25 42,895 Och-Ziff Capital Mgmt OZM 7.40 1,014,499 Old Republic Intl ORI 7.16 452,708 Overseas Shipholding OSG 9.87 453,600 PG&E PCG 37.06 557,651 Panasonic Cp PC 8.46 50,824 Pitney Bowes PBI 17.51 311,821 PolyOne POL 9.74 219,235 Portugal Telecom PT 6.02 90,694 RadioShack RSH 10.63 443,371 Renren A ADS RENN 3.60 1,291,397 Rentech Nitrogen Ptrs LP. RNF 19.05 87,887 ResMed RMD 25.17 140,788 Royal Bank Canada RY 41.78 211,766 Royal Bk of Scotland ADS RBS 5.39 367,868 Salesforcecom CRM 104.20 1,427,399 Ship Fin Intl SFL 10.26 601,265 SimcerePharm ADS SCR 7.16 15,222 Skechers SKX 11.75 962,681 Skyline Corp SKY 5.72 19,090 Solera Hldgs SLH 45.88 97,205 Spansion Cl A CODE 8.69 49,760 Stage Stores Inc SSI 11.78 42,185 Steris Corp STE 27.18 72,560 Sun Life Fincl SLF 17.76 262,158 SunTrust Bks Inc.Cl A Wt. STI/WS/A 2.98 5,400 SunTrustBksIncClBWt STI/WS/B 1.65 5,300 TRW Auto Hldgs TRW 30.21 351,203 Taiwan Fund TWN 14.22 11,177 Talbots TLB 2.03 179,279 Tata Commun TCL 6.84 4,546 TelItalia ADS A TI/A 8.84 16,238 Telefonos de Mexcio TMX 14.15 108,049 TERNIUM SA TX 18.62 139,697 Texas Industries TXI 21.89 162,841 Thermo Fisher Sci TMO 44.35 980,067 Thomson TRI 25.87 126,814 Time Warner Cbl TWC 58.32 356,782 Toyota Motor TM 60.71 153,589 Turkish Investment Fund TKF 11.32 7,670 United Continental Hldgs UAL 15.75 1,163,634 US Airways Grp LCC 3.96 1,325,695 Universal Tech Institute UTI 12.71 14,290 Verso Paper VRS 1.26 17,216 Walgreen WAG 30.34 1,813,957 Whirlpool Corp WHR 46.40 345,720 XO Group XOXO 6.76 88,770 Xerium Tech XRM 7.17 9,096 Zep ZEP 12.87 10,775 Zimmer Holdings ZMH 47.25 409,862
NASDAQ
New Highs 2 COMPANY SYMBOL HIGH VOLUME ------- ------ ---- ------ Altisource Ptfl Sol SA ASPS 46.63 30,100 AmerElecTech AETI 4.12 6,512 New Lows 137 COMPANY SYMBOL LOW VOLUME ------- ------ ---- ------ A123 Sys Inc AONE 2.11 354,522 AVI BioPharma AVII 0.74 130,084 AXT AXTI 3.75 28,056 Active Power ACPW 0.64 377,032 Adept Technology ADEP 2.25 3,900 Aixtron SE ADS AIXG 11.24 105,429 Albany Molecular Research AMRI 2.14 49,513 Almost Family AFAM 13.68 22,688 Alvarion ALVR 0.81 84,348 American Independence AMIC 3.84 1,400 Amicus Therapeutics FOLD 2.42 2,800 ArthroCare Corp ARTC 25.76 33,924 Avatar Hldgs AVTR 6.54 6,596 BTU Intl BTUI 2.61 7,300 Broadcom BRCM 30.33 3,243,016 Burcon Nutrascience BUR 7.35 31,612 CRA Intl CRAI 17.42 6,550 CSR ADS CSRE 9.46 3,073 Cascade Bancorp CACB 4.14 2,713 Cereplast CERP 1.02 23,510 China Auto Sys CAAS 3.77 22,974 Chyron CHYR 1.29 10,747 Citi Trends CTRN 9.54 32,545 Cohu COHU 9.12 6,860 Comverge COMV 1.35 14,231 Crocs CROX 14.93 414,797 DFC Global DLLR 15.80 84,434 Dearborn Bancorp DEAR 0.40 5,430 DexCom DXCM 6.75 239,155 Dialogic DLGC 1.28 200 Diamond Foods DMND 29.06 4,047,932 Digital Generation DGIT 12.05 138,761 Digital River DRIV 15.66 66,148 Dot Hill Systems HILL 1.30 26,296 Dunkin' Brands Group DNKN 24.31 641,119 Durect DRRX 1.29 42,346 Dynamics Research DRCO 8.62 3,918 Eagle Bulk Shipping EGLE 1.07 1,110,985 Echelon ELON 4.80 90,539 Echo Therapeutics ECTE 2.16 23,000 eResearch Tech ERT 3.86 28,860 Exide Techs XIDE 2.22 253,023 First Security Group FSGI 1.50 595 First Solar FSLR 40.05 1,597,436 FormFactor FORM 5.61 199,034 Friendfinder Networks FFN 0.94 20,537 Fuwei Films FFHL 1.21 12,075 GLG Life Tech GLGL 1.05 21,415 Galena Biopharma GALE 0.59 48,258 GeoEye GEOY 20.71 42,795 G-III Apparel Group GIII 18.13 118,074 Global Sources GSOL 5.78 11,503 Glbl X Social Media Index SOCL 12.95 890 Grifols ADS GRFS 4.90 255,017 Groupon Inc GRPN 17.00 4,017,788 Guanwei Recycling GPRC 0.89 25,728 Healthways HWAY 5.93 38,074 Hoku HOKU 0.96 10,343 HomeAway AWAY 27.55 317,450 Human Genome Sciences HGSI 7.09 874,523 ICG Group ICGE 7.74 11,292 iGo IGOI 0.74 65,120 Innovative Sols & Support ISSC 4.08 2,400 Insmed INSM 2.70 32,416 Interactive Intelligence ININ 21.56 27,070 Interface (Cl A) IFSIA 10.14 22,447 iShr S&P Ind Nfty INDY 20.46 21,193 JetBlue Airways JBLU 3.41 1,507,120 K-Swiss (Cl A) KSWS 2.56 38,383 Knightsbridge Tankers VLCCF 14.75 64,861 Kratos Defense & Sec Sols KTOS 4.88 129,537 LHC Group LHCG 12.98 23,416 LJ Intl JADE 2.02 23,917 Lincoln Educational Svcs LINC 7.15 13,807 Lionbridge Techs LIOX 2.02 74,232 Logitech Intl SA LOGI 7.27 119,538 Masimo MASI 17.64 99,588 Mercer Intl MERC 5.52 78,878 Meru Networks MERU 4.55 8,905 Microvision wt MVISW 0.14 2,900 Motorcar Parts of Amer MPAA 7.40 129,907 NII Hldgs NIHD 21.44 327,151 NTELOS Hldgs NTLSD 18.81 14,916 Netflix NFLX 68.42 3,048,152 NewLink Genetics NLNK 6.97 195,359 NuVasive NUVA 12.40 136,440 Ocean Rig UDW ORIG 13.06 4,303 Oclaro Inc OCLR 2.86 213,000 OmniVision Techs OVTI 10.83 977,152 OpenTable Inc. OPEN 33.00 246,155 Orrstown Fincl Svcs Inc ORRF 8.02 3,224 Pacific Biosci of CA Inc PACB 2.51 92,885 Partner Comm Co PTNR 9.05 238,708 Pegasystems PEGA 27.39 67,751 Perfect World Co PWRD 9.03 1,130,153 Perion Network PERI 3.51 12,207 Pinnacle Airlines PNCL 2.27 4,750 Premier Fincl Bancorp PFBI 4.35 15,072 Radisys RSYS 4.09 16,938 RealNetworks RNWK 7.07 21,743 Research in Motion RIMM 16.27 4,565,441 Rodman & Renshaw RODM 0.46 49,700 Rosetta Genomics ROSG 0.23 324,233 Rovi Cp ROVI 26.00 334,066 Rubicon Tech RBCN 8.64 87,241 Sangamo BioSciences SGMO 2.50 85,966 SatCon Tech SATC 0.70 79,280 School Specialty SCHS 4.40 64,927 Sequenom SQNM 3.82 1,572,620 Shenandoah TeleComm Co SHEN 9.75 26,193 Sigma Designs SIGM 6.82 93,857 Silver Standard Resources SSRI 12.94 322,501 Skyworks Solutions SWKS 14.54 3,650,365 Smith Micro Software SMSI 1.00 129,230 Somaxon Pharmaceuticals SOMX 0.71 135,249 Sonic Foundry SOFO 7.51 2,317 State Auto Fincl STFC 10.50 4,198 Sun Bancorp (New Jersey) SNBC 2.11 112,458 THT Heat Transfer Tech THTI 0.95 248 Torm A/S TRMD 0.56 53,331 TeleComm Systems (Cl A) TSYS 2.65 36,220 Theratechnologies THER 2.34 1,497 TheStreet TST 1.59 37,650 TransAct Techs TACT 5.92 14,190 TriQuint Semiconductor TQNT 3.97 2,081,004 Tuesday Morning TUES 3.09 52,050 Utd Natural Foods UNFI 32.94 25,217 Veeco Instruments VECO 22.63 302,981 Vertex Pharm VRTX 27.07 620,174 Vicor VICR 7.33 27,994 VisionChina Media Inc VISN 1.17 36,615 WVS Fincl WVFC 8.08 35,553 Wet Seal (Cl A) WTSLA 3.03 311,183 XOMA XOMA 1.36 55,579 XenoPort XNPT 4.23 35,030 Zogenix ZGNX 1.58 26,388 Zoom Technologies ZOOM 0.96 84,266Comments »
Today’s Money Flows, Heat Map, & A/D Line
Money Flows
ISSUE GAINERS SYMBOL EXCH LAST PRICE MONEY FLOW RATIO (in millions) Apple AAPL NASD 369.72 +122.7 1.19 Google GOOG NASD 572.75 +32.7 1.21 ExxonMobil XOM NYSE 75.01 +24.1 1.38 ConocoPhillips COP NYSE 67.60 +21.0 1.78 iPath MSCI India TR ETN INP ARCA 48.48 +11.6 25.50 ML Oil Service HOLDRS Tr OIH ARCA 114.73 +11.5 1.31 BP PLC BP NYSE 40.04 +9.6 1.55 Citigroup C NYSE 23.78 +9.4 1.12 Bank Of America BAC NYSE 5.19 +9.1 1.16 Wells Fargo WFC NYSE 23.60 +8.2 1.42 Gilead Sciences GILD NASD 39.59 +7.8 1.12 Pharmasset VRUS NASD 133.27 +7.7 1.28 Micron Tech MU NASD 5.76 +7.6 1.98 Dell DELL NASD 14.54 +6.9 1.88 Microsoft MSFT NASD 24.59 +6.3 1.24 Johnson & Johnson JNJ NYSE 62.15 +5.6 1.27 TJX Cos TJX NYSE 59.02 +5.3 1.57 Allstate ALL NYSE 24.86 +5.2 2.74 SPDR Gold Tr GLD ARCA 163.47 +5.1 1.04 BlackRock Utility & Infr BUI NYSE 20.00 +5.0 14.08 ISSUE DECLINERS SYMBOL EXCH LAST PRICE MONEY FLOW RATIO (in millions) Qualcomm QCOM NASD 52.23 -38.7 0.71 Amazoncom AMZN NASD 190.03 -25.1 0.89 Intl Dividend Achievers PID ARCA 13.82 -21.2 0.04 IBM IBM NYSE 179.10 -21.0 0.76 iShrs MSCI Emerg Mkts EEM ARCA 36.51 -20.3 0.63 iShrs Tr S&P 500 IVV ARCA 117.67 -17.2 0.55 Intel INTC NASD 22.89 -16.7 0.66 SPDR S&P 500 SPY ARCA 117.34 -13.9 0.98 iSh MSCI China Index Fd MCHI ARCA 38.50 -13.1 0.00 Nokia NOK NYSE 5.46 -12.2 0.22 GMAC Capital Tr Ser2 ALLYpA NYSE 19.00 -11.5 0.25 Vanguard Total Stock Mkt VTI ARCA 60.00 -11.2 0.41 iShrs Russell 2000 Growth IWO ARCA 77.90 -11.2 0.32 PwrShrs QQQ Tr Series 1 QQQ NASD 53.63 -10.9 0.86 Rydx Tr SP Mcp 400 Pr Gth RFG ARCA 75.21 -10.9 0.18 Barrick Gold ABX NYSE 47.67 -10.0 0.54 Baidu BIDU NASD 120.51 -9.5 0.86 Oracle ORCL NASD 29.34 -9.4 0.63 Deere & Co DE NYSE 75.24 -9.1 0.93 SAP AG SAP NYSE 56.41 -9.1 0.35Comments »