Billionaires Brawl on TV Jerry Springer Style
FLASH: United Technologies Exploring a Bid for Goodrich
On Friday it was reported by Reuters that UTX was arranging financing for an acquisition. Today sources say they are considering a purchase of Goodrich Corp.
Comments »Flash: United Technologies Buys Goodrich
Price rumored to be $110-125
Comments »Goldman Says Today Could Be Another “Marlboro Friday”
Rotblut: Highly Correlated Stock Returns Are Temporary
CAUTION is Warranted in Gold Stocks
Did not like that break of $1790-$1800. So given hopes for Europe currently and ig a TARP style solution comes about gold may fiddle around for a year imo.
Comments »A Case for Weaker Oil No Matter What Our Future Outcome May Be
Michigan Sentiment aka Consumer Confidence: Prior 55.7, Mkt Expects 56.3, Actual 57.8
Don’t Get Greedy Eddie
Just because i expect the S&P to have some head room up to 1240-1250 we must first get through 1220 and 1228.
I’ll take profits in TNA, FAS, TYH, and other selected shopping list stocks.
3/4s come off today and the rest will stay for the clam next week.
Today is options expiration and more importantly, this a trading environment until we can see a clear long term solution for Europe’s debt problems…..
GLT
[youtube:http://www.youtube.com/watch?v=-WCFUGCOLLU 450 300] [youtube:http:www.youtube.com/watch?v=zqe5FgwPLYU 450 300] Comments »
The SEC and FINRA Focus on High Frequency Trading
No real substance here other than a look into algorithms and hedge fund trading.
They want to “protect” the investing public….
Comments »A Citi Indicator Says It May Be Time to Buy Emerging Markets
FLASH: U.S. Futures Pare Losses and Go Green
Upgrades and Downgrades This Morning
Upgrades
EBAY – eBay upgraded to Outperform at Wedbush
C – Citigroup initiated with a Market Perform at Wells Fargo
RBS – Royal Bank of Scotland upgraded to Add from Neutral at WestLB
AMTD – TD Ameritrade upgraded to Buy from Hold at Citigroup
FLS – Flowserve upgraded to Buy from Neutral at UBS
CLR – Continental Resources upgraded to Add from Neutral at Capital One Southcoast
BCR – C.R. Bard initiated with a Mkt Perform at Rodman & Renshaw
AWAY – HomeAway initiated with an Equal Weight at Barclays
OZRK – Bank of the Ozarks initiated with a Neutral at Suntrust
TSCO – Tractor Supply initiated with a Buy at Keybanc
MDVN – Medivation initiated with an Outperform at William Blair
SCHW – Charles Schwab initiated with an Equal Weight at Evercore
KALU – Kaiser Alum initiated with a Buy at Stifel Nicolaus
WLL – Whiting Petroleum upgraded to Strong Buy from Add at Capital One Southcoast
Downgrades
AIXG – Aixtron downgraded to Neutral from Buy at BofA/Merrill
WBMD – WebMD Health initiated with an Underweight at Barclays
SWK – Stanley Black & Decker assumed with a Neutral at JP Morgan
DNDN – Dendreon initiated with an Underperform at William Blair
VPRT – Vistaprint initiated with an Equal Weight at Barclays
RIMM – Research In Motion downgraded to Underperform from Sector Perform at Pacific Crest
VECO – Veeco Instruments downgraded to Neutral from Buy at Lazard
WSO – Watsco downgraded to Sell from Neutral at UBS
ADBE – Adobe Systems downgraded to Market Perform from Outperform at JMP Securities
NFLX – Netflix downgraded to Average from Above Average at Caris Downgrades
Comments »Gapping Up and Down This Morning
Gapping up
AIR +1.5%, BCS +4.4%, RBS +3.1%, YHOO +1.7%, PLUG +7.6%, TTM +3.1%, DB +2.9%, TXN +1.6%, DMND +1.3%, HBC +1.1%,
NDN +15.6%, WMGI +3.6%, ING +2.9%, MCP +3.9%, CS +2.6%, TTM +3.1%, UBS +1.4%, DB +1.1%, TXN +1.1%,HBC +0.7%,
RPXC +1.9%, AMTD +3.4%, GILD +1.7%,
Gapping down
RIMM -20%, PCX -7.8%, DNDN -1.1%, CBE -5.8%, SDRL -1.2%, SD -1.2%, WFT -1.0%, BP -0.8%, BWEN -19.8%, TRH -2.3%, KCI -0.9%, BAC -0.8%, ADBE -2.2%,
Comments »
