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CPI: Prior 0.4%, Market Expects 0.3%, Actual 0.3%….Housing Starts: Prior 571k, Market Expects 595k, Actual 658k
Flooding in Thailand Continues to Disrupt Supply Chains
Inflation Runs Hot in South Africa
Asian and European Markets Trade to the Upside While U.S. Futures Remain Mixed
Nothing Like a Headline to Make the Markets MELT UP
EU Reaches a Deal on Naked Short Selling on CDS of Sovereign Debt
Today’s Biggest Winners/Losers
No. Ticker % Change
1 URRE 8.50
2 SWFT 7.08
3 HGSI 6.76
4 PMI 6.44
5 VMW 6.43
6 UEC 6.35
7 COOL 6.29
8 ZLC 6.25
9 SSN 6.25
10 OPK 6.19
11 HRZ 5.85
12 ZION 5.85
13 BRO 5.80
14 VQ 5.68
15 DVA 5.52
16 STT 5.52
17 WBS 5.39
18 XEC 5.30
19 BWEN 5.29
20 CIGX 5.15
21 MELA 5.14
22 QLIK 4.66
23 OCZ 4.64
24 CIT 4.60
25 QEP 4.55
26 KOG 4.34
27 WNC 4.33
28 ZAGG 4.29
29 SANM 4.19
30 ACLS 4.17
31 GLUU 4.11
32 CCIH 4.08
33 ISTA 4.07
34 Z 4.06
35 WFC 4.03
36 RTK 4.03
37 OAS 3.92
38 WLL 3.78
39 SIMO 3.76
40 WPP 3.74
41 BAC 3.73
42 WDR 3.62
43 WMB 3.52
44 DVAX 3.49
45 EMC 3.48
46 WCC 3.48
47 VLY 3.46
48 AGCO 3.46
49 CXS 3.45
50 WCRX 3.33
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No. Ticker % Change
1 CROX -37.91
2 HSP -19.75
3 EDU -15.89
4 USU -11.87
5 STRI -11.81
6 NBG -10.33
7 FMCN -9.88
8 AONE -8.73
9 HOG -8.71
10 CDTI -8.06
11 PII -7.69
12 CTRP -7.54
13 SINA -7.53
14 LDK -7.38
15 IM -7.05
16 GNK -7.03
17 SOHU -6.89
18 YOKU -6.85
19 STP -6.76
20 CSIQ -6.73
21 MPEL -6.64
22 REGN -6.61
23 BIDU -6.32
24 AKAM -6.20
25 CNIT -6.19
26 FEED -6.16
27 LFC -6.12
28 UNH -6.03
29 EXK -5.97
30 SQNS -5.89
31 SOL -5.86
32 SSRI -5.80
33 GPL -5.73
34 FTK -5.71
35 EGLE -5.59
36 SQNM -5.58
37 IOC -5.53
38 MTW -5.53
39 CBRX -5.49
40 SLW -5.48
41 MOTR -5.46
42 SWC -5.42
43 FCH -5.41
44 SODA -5.38
45 NUAN -5.34
46 VGZ -5.31
47 LLNW -5.26
48 SVM -5.26
49 VRML -5.26
50 UXG -5.25
FLASH: Portuguese 10 Yr Yields Climb, as Europe Plans
Portuguese 10 yr yields at recent highs of 11.89%.
Comments »FLASH: Italian 10 Yr Yields Climb, as Europe Plans
10 yr yields at new recent highs of 5.86%
Comments »FLASH: Markets Pare Losses and Go Green
Markets pared early losses finding strength in the financials and most likely trading up in anticipation of AAPL earnings after the close. We also get some comments out of the clam later today….
Italian bond purchases marked the reversal this morning.
JPMorgan: Stocks Can Rally 20 Percent by Year’s End
U.S. Corporate Defaults Hit a Three Year Low
NAHB Home Index: Prior 14, Market Expects 15, Actual 18
TIC FLOWS UP HUGE + $89.6 Billion
Upgrades and Downgrades
Upgrades
WYN – Wyndham Worldwide initiated with Neutral at Nomura
APC – Anadarko Petro upgraded to Outperform from Perform at Oppenheimer
CVX – Chevron target raised to $120 at Oppenheimer
AA – Alcoa initiated with a Buy at Stifel Nicolaus
SIMO – Silicon Motion initiated with a Outperform at Northland Securities
CFN – CareFusion initiated with a Market Perform at BMO Capital
BCR – C.R. Bard initiated with a Neutral at Cowen
CHTR – Charter Comm initiated with an Outperform at Credit Suisse
VMW – VMware added to Conviction Buy List at Goldman
RA – RailAmerica initiated with a Sector Perform at RBC Capital
BRCM – Broadcom initiated with Buy at Societe Generale
QCOM – initiated with Hold at Societe Generale
KSU – KC Southern initiated with an Outperforms at RBC Capital
DFS – Discover Financial Services initiated with Market Perform at William Blair
AKS – AK Steel upgraded to Neutral from Sell at Goldman
WXS – Wright Express initiated with Outperform at William Blair
GWR – Genesee & Wyoming initiated with an Outperforms at RBC Capital
PEP – PepsiCo upgraded to Buy at Argus
Downgrades
PCL – Plum Creek downgraded to Market Perform from Outperform at BMO Capital
SQNM – Sequenom downgraded to Neutral from Overweight at Piper Jaffray
COH – Coach initiated with a Hold at Deutsche Bank
CAKE – Cheesecake Factory upgraded to Overweight from Neutral at Piper Jaffray
X – U.S. Steel downgraded to Sell from Neutral at Goldman
TEL – TE Connectivity upgraded to Overweight from Underweight at JP Morgan
IBM – IBM downgraded to Sector Perform from Outperform at FBN Securities
BMI – Badger Meter downgraded to Neutral from Buy at Janney Montgomery Scott
BSX – Boston Scientific initiated with a Neutral at Cowen
HAS – Hasbro downgraded to Neutral from Buy at Goldman
STJ – St. Jude Medical initiated with a Neutral at Cowen
CROX – Crocs target lowered to $21 at Stifel Nicolaus
EP – El Paso downgraded to Neutral from Positive at Susquehanna
PGR – Progressive downgraded to Hold at Argus
TLM – Talisman Energy initiated with a Buy at Tudor Pickering
Comments »Gapping Up and Down This morning
Gapping Up
VRX +0.6%, HGSI +13.3%, SFSF +7.3%, PH +2.8%, DPZ +1.4%, VMW +0.5%,FELE +4.6%, GFI +1.4%, CCL +1.2%, CPTS +8.3%,
Gapping Down
TSON -35.9%, CROX -35.1%, STRI -14.5%, IM -13.2%, CWTR -10.6%, REGN -4.8%, IBM -4.6%, AGL -4.5%,
BHE -4.4%, RIO -3.1%, GMCR -2.4%, SLW -3.9%, AG -3.8%, SLV -3.8%, RIO -3.4%, SVM -3.1%, AUY -2.7%,
MT -2.2%, BHP -1.7%, VMW -2.4%, BHP -1.7%, BIDU -1.2%, BA -0.3%, CHK -2%, WAG -1.4%, EP -1%,
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