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Monthly Archives: April 2011

Upgrades and Downgrades This Morning

Upgrades

AAPL – Apple target raised to $465 from $425 at Oppenheimer

QCOM – Qualcomm target raised to $65 from $62 at FBR Capital

CSX – CSX upgraded to Buy at Stifel Nicolaus

HAIN – Hain Celestial initiated with a Market Perform at BMO Capital

PETM – PETsMART upgraded to Buy at Goldman

AXP – American Express: FBR Capital raises FY11 EPS est further above consensus but expense growth remains a concern

UTX – United Tech target raised to $90 from $83 at FBR Capital

WDC – Western Digital target raised to $48 from $40 at Brean Murray

GEOY – GeoEye initiated with a Buy at The Benchmark Company

NS- NuStar Energy upgraded to Accumulate from Neutral at Madison Williams

SCHW – Charles Schwab upgraded to Buy at Ticonderoga

DF – Dean Foods initiated with an Outperform at BMO Capital

JAKK- JAKKS Pacific upgraded to Outperform from Market Perform at BMO Capital

EW – Edwards Lifesciences upgraded to Neutral at Wedbush

EZCH – EZchip resumed with a Buy at Auriga U.S.A

KBR – KBR Inc. upgraded to Buy at KeyBanc Capital Mkts; tgt $43

CCC –  Calgon Carbon upgraded to Buy from Neutral at Janney Capital

CKSW – ClickSoftware initiated with a Outperform at Oppenheimer

BBY – Best Buy upgraded to Buy from Hold at Societe Generale

Downgrades

DRL – Doral Fincl upgraded to Hold from Sell at Cantor Fitzgerald

WFC – Wells Fargo downgraded to Neutral from Buy at Rochdale

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Gapping Up and Down This Morning

Gapping Up

AAPL +2.5%, CSR +16.1%, NOK +3.3%, SI +1.4%, PBCT +2.1%, SCSS +16.1%, TPX +2.9%, FFIV +13.3%, DTLK +11.1%, SLM +6.2%, GDI +6.1%, YUM +5.7%,CVCY +2.5%,  QCOM +5.2%, EW +4.3%,  BSX +3.8%, ETFC +3.6%, PLXS +15.6%, TRAD +14.7%,TEX +3.4%, UTIW +3.1%, DB +2.9%, DD +2.9%,CVCY +2.5%,SWKS +2.4%, CRUS +2.4%, TSCO +2.4%, HBC +2.2%, CS +2.2%, HON +2.1%, BBVA +2%, IXYS +4%,BP+1.7%, STD +1.4%,

Gapping Down

IR -2.7%, LRCX -5.1%,VOD -1.6%, AXP -1.3%RIG -4.8%, CMG -3.2%,GILD -2.5%, CIGX -3.4%, AMGN -2.1%,  WDC -1.6%,

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Brazil Raises Key Interest Rate

SÃO PAULO, Brazil—Brazil’s central bank raised its benchmark interest rates less than what many economists say is needed to keep inflation in check, in a gamble that the soaring global food prices helping drive inflation higher will eventually ease off by themselves.

The bank raised its benchmark interest rate a quarter of a percentage point to 12%. That was a smaller raise than two previous increases of half a percentage point earlier this year.

“They are capitulating in terms of their inflation target for this year and are going to let inflation run through system,” says Alberto Ramos, an Latin …

Read the rest here.

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Federal Borrowing on Pace to Hit Debt Limit in Less Than Week

Federal borrowing is on pace to hit the legal limit on the national debt in less than a week.

As set in a law passed by Congress and signed by President Barack Obama on Feb. 12, 2010, the legal limit on the national debt is $14.2940 trillion. As of the close of business Tuesday, according to the Daily Treasury Statement released at 4:00 pm today, the portion of the national debt subject to this legal limit was $14.268365 trillion. (The total national debt, including the portion exempted from the legal limit, was $14.3205 trillion.)

This left the U.S. Treasury with the authority to borrow only an additional $25.635 billion before it hits the statutory debt limit.

Read the rest here.

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