Supreme court orders transparency…..
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Joined Nov 11, 2007
31,929 Blog Posts
American Citizens Need More Media and Less Opinion
Tanks Deployed in Yemeni Capital
A top army commander has defected to rebel opposition.
Comments »Existing Home Sales: Previous 5.36m, Market Expects 5.05m, Actual 4.88m…Median Home Prices Fell 5.2% to $156k
Market Internals This Morning
Sector Summary: S&P Consumer Discretionary Index +1.3%, modestly underperforming the broader market
The consumer discretionary group is slightly trailing the broader market in early trade. The retail group is higher with the Retail HOLDRS Trust (RTH) up 0.8%, the S&P Retail (RLX) up 1.1% and the SPDR S&P Retail ETF (XRT) up 1.2%. Trading on upside: Tiffany & Co (TIF +6.5%) beat by $0.05, reported revs in-line; guided Q1 EPS, revs above consensus; guided FY12 EPS, revs above consensus… Bed Bath & Beyond (BBBY +3.0%) upgraded to Mkt Perform at FBR Capital Trading on the downside:
Notable Mentions:
Select casino/gaming names are seeing early strength. Some names trading higher include: MPEL +3.1%, PNK +2.5%, LVS +2.5%,WYNN +1.8%, BYD +1.6%, PENN +1.5%.
Other notable mentions: Feihe Intl (ADY) missed by $0.03, beat on revs; guided FY11 above consensus… Leaders: Supervalu (SVU+3.3%) strength attributed to positive mention in financial newspaper… New York Times (NYT +2.7%) upgraded to Buy from Hold at Citigroup… Illinois Tool (ITW +1.4%) reported 3-month (Feb) revs +11%; guided Q1, FY11 EPS and rev, restates FY10 EPS slightly lower to account for change in fiscal year reporting format… Rentrak (RENT +1.2%) CEO purchases ~$280,000 of common stock in open market; his total is just under 1% of total shares outstanding. The co also announced a TV Essentials contract with Documentary Channel, the leading network dedicated exclusively to airing the works of independent documentary filmmakers… Lowe’s (LOW +0.5%) and Home Depot (HD +1.0%) initiated with Neutral ratings at Nomura… Laggards: Smithfield Foods (SFD -0.8%) and Sanderson Farms (SAFM +1.0%) downgraded to Neutral from Buy at Goldman…
Comments »Stocks Explode Higher
The Dow is up 200, led by advances in banks and tech.
Additionally, beaten down uranium stocks are surging, led by gains in CCJ, DNN and URG.
Gold and silver are both moderately higher, 1-2%,
Comments »Top Day Trader Stocks This Morning
Citigroup Offers Dividend and Reverse Split
Crack Spreads Up Nearly 4% in Early Trade
Moody’s Downgrades Five Egyptian Banks
Negative outlooks assigned. Shocker.
Comments »Flash: Schwab Acquires OptionsXpress for $17.91
Deal valued at about $1 billion. The OptionsXpress shareholders will receive 1.02 shares of Schwab stock for each share of optionsXpress stock.
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