Gapping up
NVS +3.6%, BP +3%, UN +2.7%, BHP +2.2%,AA +1.7%, CEL +4.2%, GSK +3.9%, AZN +3.6%,HPQ +1.4%, BAC +1.9%, HBC +1.8%, RIO +1.8%,AAPL +1.2%,HMY +4.7%, MCP +4.6%, TOT +4.5%
Gapping down
MPEL -6.3%, STP -2.0%, RBS -2.5%, VXX -3.7%, TZA – 7.8%, UNG -1.2%
Upgrades
AA – Alcoa upgraded to Buy from Neutral at Davenport
HPQ – Hewlett-Packard upgraded to Buy from Hold at Auriga
SYK – Stryker upgraded to Buy from Hold at Lazard
POT – Potash upgraded to Outperform from Sector Perform at Scotia
PEG – Public Service upgraded to Buy from Hold at Citigroup
RAX – Rackspace upgraded to Outperform from Market Perform at Raymond James
NEM – Newmont Mining upgraded to Buy from Hold at Citigroup
UA – Under Armour initiated with a Buy at Canaccord Genuity
IR – Ingersoll-Rand downgraded to Underweight from Neutral at Atlantic Equities
ECL – Ecolab upgraded to Buy from Hold at Citigroup
SLM – SLM Corp upgraded to Outperform from Neutral at Credit Suisse
PII – Polaris Inds and Arctic Cat upgraded at Baird
Downgrades
MSFT – Microsoft downgraded to Neutral from Buy at Davenport
YZC – Yanzhou Coal Mining downgraded to Neutral from Overweight at HSBC Securities
NWSA – News Corp downgraded to Hold at Needham
EGO – Eldorado Gold downgraded to Buy from Action List Buy at TD Newcrest
CBS – CBS target lowered to $30 from $35 at Needham
ETN – Eaton downgraded to Underweight from Neutral at Atlantic Equities
APEI – American Public Education upgraded to Outperform from Market Perform at BMO Capital
Comments »At this point we saved the Western world; the question remains if stimulus and QE is prudent. Perhaps more specific and targeted means of spending are needed…..like giving every household in America 100k to get back on their feet. It would pay down debt, mortgages, and boost sentiment and consumer spending.
Comments »This whopping amount of money does not include what other central banks kicked in or back stopped….
A kicking the can down the road measure….
Comments »Why not since the interest rate shall stay low and it is likely more fiscal stimulus is on the way.
Comments »“Barclays Plc said 10-year yields indicate traders have priced in $500 billion to $600 billion of Treasury purchases by the Fed. Citigroup Inc. said current rates can only be justified by more central bank bond buying or assuming the economy will shrink by 2 percent.”
Comments »It has bee n suggested by many that if the Euro wants to survive it must shrink from 17 member nations to a smaller healthier union of solvent and economically powerful countries….
Comments »World markets and futures swing back and forth wildly overnight as a number of factors converge. First off, Libyan rebels have taken over the Green Square in Tripoli. It is widely expected that Qaddafi will reign no more and that this should lower the price of oil….for now WTI is up and Brent is down; the spread is coming in.
Second, Germany is reiterated yesterday that hey are not fond and will not consider, for the moment, any style of Euro bonds.
Lastly, there is wide speculation over Bernanke announcing or hinting fiscal stimulus later this week in Jackson Hole.
Comments »You can fool some of the people…..
[youtube:http;//www.youtube.com/watch?v=eNHL1ZwZjk0 450 300]Classic.
The kids should have given free lemonade and accepted donations for a charity while telling the fuzz they were creating an awareness campaign for people to stay hydrated in the summer months….you know like a free public service announcement.
[youtube:http://www.youtube.com/watch?v=04MNf1YdNxI&feature=player_embedded#! 450 300] Comments »Never heard of this indicator, but it is signaling a major trend reversal and much lower ground for the S&P with any rallies capped below 1220…
Comments »
