The stock is now down, after surging at the open on news they are scrapping their idiotic “Qwickster” idea.
The Dollar Fell Off a Cliff Today
Beware of Deficiency Judgement; You Can’t Just Walk Away Anymore
Do not think you can just walk anymore. 30 states allow this type of lawsuit to be filed.
Comments »Equities Break Out Above the 50 Day Moving Average; Is it Time to Buy ?
I say froth for now until a clear picture emerges from Europe. Remember you do not have to catch the bottom, but rather rejoice in the fat middle.
Comments »Short Selling Rises the Most Since 2006
Today’s Top 50 Winners
No. Ticker % Change
1 CXM 138.38
2 GMR 47.06
3 WH 39.47
4 AMCF 37.92
5 CPX 35.72
6 BIOF 31.58
7 CHLN 25.00
8 ZA 21.25
9 AXAS 20.23
10 GRNB 17.88
11 CVV 17.46
12 TNCC 17.33
13 MAG 17.05
14 EMAN 16.90
15 YOKU 15.46
16 HAUP 15.35
17 PDC 15.25
18 CXZ 14.89
19 FREE 14.47
20 MHR 14.37
21 DVR 14.29
22 CETV 14.06
23 HNR 13.30
24 NBR 13.04
25 VVTV 13.03
26 FRO 12.73
27 ARTW 12.71
28 OSG 12.53
29 CIE 12.10
30 PVA 11.94
31 CWEI 11.78
32 RITT 11.52
33 HLX 11.39
34 CTCM 11.28
35 GEOI 11.28
36 BAS 11.16
37 MTG 11.16
38 MTL 11.11
39 GNOM 11.09
40 JVA 11.06
41 SGY 10.93
42 RIC 10.90
43 DYN 10.79
44 EGY 10.61
45 EXM 10.58
46 ANDS 10.53
47 DBLE 10.50
48 CTC 10.47
49 TITN 10.46
50 GNK 10.43
Refinery Stocks Soar
Buoyed by broad market rally and realization that crack spreads are wide for a reason, shares of refinery related companies are soaring.
DK +9.4%
HFC +8.3%
WNR +7.1%
ALJ +7%
Comments »
Lumber Now the New Copper
Copper has always been a global growth indicator, but has now fallen into the correlation everything up or down category. Lumber is now being touted as the new global growth /health indicator.
Comments »Everything is Kosher With Economic Data Lately….Right ?
That is what the pundits have been saying. I feel things have been looking up and then i read this…
Comments »Germany and France Risk AAA Rating; Downgrade Possible With New Bailout Plans
Not they have a conise plan yet, but the preliminary details show downgrade potential… especially after a U.S. downgrade.
Comments »Apple Gets 1 Million iPhone 4s Orders In a Single Day
Upgrades and Downgrades This Morning
Upgrades
SIVB – SVB Financial Group initiated with Market Perform at Fig Partners
MU – Micron upgraded to Buy from Hold at Citigroup
STJ – St. Jude Medical upgraded to Equal Weight at Morgan Stanley
NFLX – Netflix upgraded to Neutral from Sell at Janney
POT – Potash upgraded to Buy at Ticonderoga
BYI – Bally Technologies upgraded to Buy from Neutral at Janney
PER – SandRidge Permanian Trust upgraded to Strong Buy from Outperform at Raymond James
GBCI – Glacier Bancorp upgraded to Strong Buy from Outperform at Raymond James
ABB – ABB Ltd upgraded to Buy from Hold at Berenberg
PXD – Pioneer Natural Resources downgraded to Equal Weight from Overweight at Barclays
SGY – Stone Energy upgraded to Overweight from Equal Weight at Barclays
Downgrades
CPHD – Cepheid downgraded to Market Perform from Outperform at Raymond James
DGX – Quest Diagnostics downgraded to Market Perform from Outperform at Raymond James
HAS – Hasbro target lowered to $42 at Needham; still sees upside from current levels
CVE – Cenovus Energy downgraded to Equal Weight from Overweight at Barclays
MHS – Medco Health Solutions tgt cut to $55 from $70 at BMO
BMC – BMC Software target lowered to $50 at Collins Stewart
DIOD – Diodes target lowered to $22 at Collins Stewart
LOGI – Logitech Intl SA downgraded to Underperform from Neutral at BofA/Merrill
LUV – Southwest Air downgraded to Hold from Buy at Deutsche Bank
THS – TreeHouse Foods downgraded to Neutral from Buy at BofA/Merrill
SINA – SINA target lowered to $115 at Stifel Nicolaus
IGT – Intl Game Tech remains Sell rating at Goldman on industry and company specific concerns
S – Sprint Nextel downgraded to Outperform from Strong Buy at Raymond James
DANG – Dangdang initiated with an Underweight at Barclays
Comments »Gapping Up and Down This Morning
Gapping up
BBL +4.4%, SLV +3.9%, BCS +3.8%, BHP +3.8%, RIO +3.7%, MT +3.5%, RCL +2.8%, ING +2.7%, RF +4.4%,
DB +2.6%, BAC +2.5%, DB +2.4%, UBS +2.1%, GLD +1.8%, PAAS +1.5%, AAPL +1.3%, ING +2.7%, TCK +7.9%,
RIO +4.9%, GOLD +4.4%, MT +3.9%, BHP +3.8%, HMY +3.8%, SLV +3.3%, GLD +1.8%, PAAS +1.5%,
STO +4.2%, YHOO +3.9%, NFLX +4.5%TOT +4.1%, OMEX +14.1% , CJES +14.2%, SNY +3.3%, NVS +3.1%,
ARMH +4.3%, AMZN +1.4%, ABB +4.5%, NOK +4.1%, MU +4%, POT +2.9%,
Gapping down
NBG -8.3% , SPN -9%, INSM -19.4%, SNP -2.3%, S -2.1%, bear positions, hopes, and dreams
Comments »In Play and On the Wires
World Markets Celebrate a Marriage Between France and Germany
FLASH: S&P Futures Soar on Dexia Nationalization
Futures are up anywhere between 1.2-1.4% on the news that Dexia will be bailed out by the Belgium government.
ROFL
Comments »JPM Out With a Call of 1475 S&P by Years End; Explained in Charts
Funny cause this morning they said cash is better than emerging market exposure. If the S&P is going higher why would emerging markets not ? Inflation perhaps…..
Comments »Large Cap Stocks Getting Pounded Today
No. Ticker % Change Market Cap
1 S -8.80 9,010,000,000
2 A -8.71 11,650,000,000
3 SINA -8.25 5,170,000,000
4 FSLR -7.76 5,590,000,000
5 WAT -7.12 7,230,000,000
6 TMO -6.78 20,500,000,000
7 LIFE -6.60 7,110,000,000
8 CF -6.59 10,240,000,000
9 CLF -6.44 8,600,000,000
10 CTRP -6.41 5,070,000,000
11 UBS -6.40 45,330,000,000
12 MS -6.39 29,270,000,000
13 STI -6.38 10,170,000,000
14 KEY -6.34 6,240,000,000
15 HOG -6.05 8,320,000,000
16 BAC -5.97 63,640,000,000
17 MPC -5.92 11,870,000,000
18 FBR -5.89 6,750,000,000
19 TCK -5.83 20,080,000,000
20 CHL -5.79 198,230,000,000
21 FITB -5.76 10,220,000,000
22 ECA -5.63 14,650,000,000
23 BAK -5.55 6,900,000,000
24 SLW -5.53 10,990,000,000
25 C -5.50 75,930,000,000
26 IVN -5.50 12,020,000,000
27 DB -5.49 33,700,000,000
28 IVZ -5.45 7,610,000,000
29 AIG -5.36 41,790,000,000
30 MOS -5.25 23,810,000,000
31 MET -5.25 32,450,000,000
32 GS -5.21 49,530,000,000
33 RIMM -5.20 12,720,000,000
34 AEM -5.08 10,050,000,000
