Keeps tabs and run your business from a remote island if you please….
Comments »Business Inventories: Prior 0.4%, Market Expects 0.4% Actual 0.5%
Michigan Sentiment: Prior 59.4, Market Expects 60, Actual 57.5
IMF Downgrades Asia Growth
Natural Gas and the Economy
Upgrades and Downgrades This Morning
Upgrades
IBM – IBM initiated with an Outperform at Macquarie
NTSP – NetSpend initiated with a Market Perform at JMP Securities
GPRO – Gen-Probe initiated with a Neutral at Lazard
GDOT – Green Dot initiated with an Outperform at JMP Securities
ARIA – Ariad Pharm initiated with a Mkt Outperform at Rodman & Renshaw
ADTN – ADTRAN upgraded to Buy from Hold at Jefferies
CELG – Celgene initiated with a Mkt Outperform at Rodman & Renshaw
AMP – Ameriprise Financial upgraded to Outperform from Market Perform at Keefe Bruyette
Downgrades
MON – Monsanto downgraded to Neutral at Ticonderoga
RIMM – Research In Motion target lowered to $24 at Wunderlich
SJM – J.M. Smucker initiated with a Hold at Stifel Nicolaus
PBCT – People’s United Financial initiated with a Hold at Jefferies
FSLR – First Solar target lowered to $65 at Wunderlich
MRVL – Marvell initiated with an Outperform at Cowen
DTSI – DTS downgraded to Neutral at Collins Stewart
AMR – AMR ests lowered at Dahlman Rose
FTNT – Fortinet initiated with a Hold at Wunderlich
ECL – Ecolab downgraded to Neutral from Buy at Citigroup
CLC – CLARCOR initiated with a Hold at Stifel Nicolaus
NSC – Norfolk Southern downgraded to Hold from Buy at BB&T
GPS – Gap downgraded to Market Perform from Outperform at Wells Fargo
DGX – Quest Diagnostics initiated with Neutral at Susquehanna
LH – initiated with Neutral at Susquehanna
DCI – Donaldson initiated with a Hold at Stifel Nicolaus
QSII – Quality Systems downgraded to Market Perform from Outperform at JMP Securities
NCMI – National Cinemedia downgraded to Hold at Stifel Nicolaus
TQNT – TriQuint Semi downgraded to Neutral at boutique firm
RA – RailAmerica downgraded to Hold at Stifel Nicolaus
BEAM – Beam initiated with a Hold at Argus
Comments »Gapping up and Down This Morning
Gapping up
GOOG +7%, TQNT +6.9%, OPK +6.2%, ALU +3.4%, BIDU +1.9%, SAP +1.8%, ROYL +4.8%, SD +2.3%, E +2.1%,
RIG +2.1%, TOT +1.9%, NAV +8.1%, OPK +6.2%, UN +3.1%, JNPR +2.3%, BP +1.3%, SINA +1.2%, TCK +2.9%,
MT +2.7%, FCX +2.4%, RIO +2.0%, BBL +1.7%, SCCO +1.7%, SLV +1.5%, YOKU +3.1%, SOHU +2.5%,
BIDU +2.3%, YHOO, SWKS +3.7%, OVTI +3.7%, QCOM +1.3%,
Gapping down
NCMI -29.8%, UBS -1.4%, LYG -1.0%,DB -2.4%, DEPO -28.3%, INSM -14.3% , NCMI -24.1%, MCHP -1.9%, MAT -0.6%,
Comments »In Play and On the Wires
What Keeps Nomura Up at Night ? More on the Eu Debt Crisis
Retail Sales: Prior 0, Market Expects 0.6%, Actual 1.1% …Import Prices 0.3 & Export Prices 0.4%
Asian Markets Digest Near Unch Levels While Europe and U.S. Futures Rise
Spanish and Italian Yields Edge Higher
Spanish yields are approaching 5.3% and Italian yields are now north of 5.8%.
Comments »Chinese CPI Comes in Below Expectations
China September CPI +6.1% on year vs +6.2% expected. Sep PPI +6.5% on year vs +6.8% expected. [Dow Jones]
Comments »Crack Spreads Soar
+6.5% to $34.50.
Comments »Goldman Puts Out a List of the 50 Highest Quality Stocks
Tech Stocks Bucking the Downtrend
No. Ticker % Change Market Cap Sector
1 CLWR 16.92 323,050,000 TECHNOLOGY
2 SINA 12.19 5,150,000,000 TECHNOLOGY
3 FCS 7.52 1,560,000,000 TECHNOLOGY
4 RMBS 6.89 1,720,000,000 TECHNOLOGY
5 AKAM 6.72 4,310,000,000 TECHNOLOGY
6 AOL 6.54 1,410,000,000 TECHNOLOGY
7 TQNT 5.56 977,150,000 TECHNOLOGY
8 COOL 5.47 106,460,000 TECHNOLOGY
9 S 5.25 7,700,000,000 TECHNOLOGY
10 NVDA 4.24 8,820,000,000 TECHNOLOGY
11 STX 4.11 4,690,000,000 TECHNOLOGY
12 QTM 3.52 526,410,000 TECHNOLOGY
13 SNDK 3.42 10,630,000,000 TECHNOLOGY
14 ALU 3.32 6,480,000,000 TECHNOLOGY
15 MU 3.17 5,160,000,000 TECHNOLOGY
16 ONNN 3.10 3,320,000,000 TECHNOLOGY
17 WDC 2.98 6,420,000,000 TECHNOLOGY
18 IL 2.87 412,310,000 TECHNOLOGY
19 IRF 2.77 1,490,000,000 TECHNOLOGY
20 ATML 2.66 4,380,000,000 TECHNOLOGY
21 NUAN 2.64 6,840,000,000 TECHNOLOGY
22 RFMD 2.62 1,900,000,000 TECHNOLOGY
23 RAX 2.61 4,890,000,000 TECHNOLOGY
24 TSRA 2.57 699,000,000 TECHNOLOGY
25 CHKP 2.56 11,630,000,000 TECHNOLOGY
26 CY 2.55 2,730,000,000 TECHNOLOGY
27 MXIM 2.54 7,180,000,000 TECHNOLOGY
28 ENER 2.52 26,750,000 TECHNOLOGY
29 LSI 2.46 3,270,000,000 TECHNOLOGY
30 INVE 2.44 117,940,000 TECHNOLOGY
31 TSL 2.38 502,070,000 TECHNOLOGY
32 MOTR 2.27 79,670,000 TECHNOLOGY
33 MRGE 2.24 599,730,000 TECHNOLOGY
34 BRCM 2.21 19,360,000,000 TECHNOLOGY
35 P 2.19 2,300,000,000 TECHNOLOGY
36 RNOW 2.12 1,220,000,000 TECHNOLOGY
37 FTWR 2.08 44,590,000 TECHNOLOGY
38 ATVI 2.08 14,570,000,000 TECHNOLOGY
39 BMC 1.91 6,430,000,000 TECHNOLOGY
40 SIMG 1.90 511,830,000 TECHNOLOGY
41 EMKR 1.85 100,420,000 TECHNOLOGY
42 SPIL 1.84 3,060,000,000 TECHNOLOGY
43 SOHU 1.77 2,190,000,000 TECHNOLOGY
44 QLIK 1.74 2,050,000,000 TECHNOLOGY
45 FTNT 1.58 2,710,000,000 TECHNOLOGY
46 TXN 1.58 34,310,000,000 TECHNOLOGY
47 LLTC 1.52 6,890,000,000 TECHNOLOGY
48 WBMD 1.51 1,750,000,000 TECHNOLOGY
49 MDRX 1.50 3,540,000,000 TECHNOLOGY
50 AMSC 1.49 203,820,000 TECHNOLOGY
Large Cap Banks Are Getting Crushed Today
Here are the top 25 large cap losers today. Financials are leading the way lower.
No. Ticker % Change Market Cap
1 BCS -6.74 34,980,000,000
2 FBR -6.67 7,050,000,000
3 LNC -6.34 5,350,000,000
4 MGA -6.29 9,280,000,000
5 DB -6.24 36,810,000,000
6 LYG -6.19 47,990,000,000
7 JPM -5.96 129,450,000,000
8 TAC -5.87 5,090,000,000
9 SID -5.83 12,760,000,000
10 C -5.82 85,200,000,000
11 BAC -5.70 66,680,000,000
12 BX -5.51 6,830,000,000
13 MS -5.30 30,540,000,000
14 AIG -5.30 45,100,000,000
15 ACH -5.27 7,290,000,000
16 BAK -5.17 6,870,000,000
17 KEY -5.03 6,440,000,000
18 ASX -5.03 6,050,000,000
19 AEG -5.02 9,370,000,000
20 AMP -5.01 10,130,000,000
21 ZNH -4.87 292,470,000,000
22 DFS -4.76 13,980,000,000
23 SLW -4.61 11,580,000,000
24 NFX -4.55 5,610,000,000
25 COF -4.51 19,800,000,000
Rock Star Hedge Funds Find Their Profits Crushed Amid Commodity Sell Off
eBay, $EBAY, and Facebook Join Forces to Boost Social Commerce
Recognizing change on how consumers make purchases eBay has teamed up with Facebook to capitalize on a new frontier in sales….
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