Gasoline supplies down 1.6mn barrels
Distillate supplies down 2.5MN barrels
Oil trading @ $110.10 pb up $1.86
Comments »Monthly Archives: April 2011
A Dr. of Doom Changes His Tune
“The United States has the most manageable fiscal issues of any major advanced economy because federal, state and local revenues as a share of GDP are very low, for cyclical and other reasons. Therefore, fiscal balance can be restored by fiscal adjustment without major economic difficulty in the near term.
In other words, US revenue and spending can be brought closer into line via raising more revenue (as a share of GDP) and so in reality this means raising taxes.”
Comments »Poll: Tax Wealthy Americans and Do Not Touch Entitlement Spending
Bull Market Rages On; New 2011 Highs on the Books Today
iPhone and 3G Pads Track Your Every Move
Maybe this will get you out of being falsely accused or perhaps a way to solicit directly to your tastes….
Comments »Trust The FDA
Content Driving Technology
The Donald China Tariff; Pros and Cons
Existing Home Sales: Prior 4.88Mn, Market Expects 5Mn, Actual 5.1Mn up 3.7%
A Look Into GDP and Policy Making
$1800 Gold According to Threadneedle Asset Management Ltd.
Berkshire Hathaway Sued by Shareholders For Sokol Trades in Lubrizol
Pros and Cons on Japan’s future Oil Consumption
Upgrades and Downgrades This Morning
Upgrades
IBM – IBM target raised to $187 from $185 at Stifel Nicolaus – following earnings
INTC – Intel upgraded to Overweight from Neutral at JP Morgan
NBL – Noble Energy upgraded to Outperform from Market Perform at Wells Fargo
CSX – Goldman saying buy weakness
BMI – Badger Meter upgraded to Buy at Canaccord Genuity
CNI – Canadian Natl Rail upgraded to Outperform from Market Perform at Raymond James
INFA – Informatica target raised to $55 from $50 at Stifel Nicolaus
HSP – Hospira upgraded to Strong Buy from Outperform at Raymond James
CSBC – Citizens South Banking initiated with an Outperform at Raymond James
QCOM – Qualcomm upgraded to Neutral from Underperform at Exane BNP Paribas
CBST – Cubist Pharma upgraded to Outperform at Oppenheimer
PZN – Pzena upgraded to Neutral from Underperform at Macquarie
OSG – Overseas Shipholding upgraded to Outperform from Neutral at Credit Suisse
PRK – Park National upgraded to Buy from Neutral at Sterne Agee – tgt $80
PXD – Pioneer Natural Resources upgraded to Outperform from Market Perform at Wells Fargo
MMC – Marsh McLennan upgraded to Outperform from Sector Perform at RBC Capital
JAG – Jaguar Mining upgraded to Overweight from Neutral at JP Morgan
NE – Noble Corp upgraded to Outperform from Sector Perform at RBC Capital
Downgrades
JNPR – Juniper Networks downgraded to Neutral at Ticonderoga
RRC – Range Resources downgraded to Neutral from Buy at Suntrust
BBBB – Blackboard downgraded to Outperform from Strong Buy at Raymond James
CREE – Cree downgraded to Sell at Kaufman Bros; tgt lowered to $29
TNCC – Tennessee Commerce Bancorp downgraded to Neutral from Buy at Sterne Agee
Comments »Gapping Up and Down This Morning
Gapping Up
HPQ +1.4%, BRCM +1.3%, EMC+2.2%, BHP +2.1%, RIO +2%, LVS +1.8%, MGM +1.8%, CTXS +1.8%, FFIV +1.8%, QQQ +1.8%, BBL +1.8%, AMD +1.8%, RHT +1.7%, MSFT+1.7%, APKT +1.5%, GOLD +1.5%,RVBD +1.1%, AAU +3.7%, SNY +3.5%, SI +3.3%, TOT +3.2%, VMW +12.5%, ALV +7.4%, STM +7%, ALU +5.6%, AIXG +4.8%, ALB +4.3%, BP+3.2%, RDS.A +3.1%, DB +3%, YHOO +3%, WYNN +2.9%, JNPR +2.9%, SAP +2.8%, MT +2.6%, E +2.5%, ARMH +2.4%,
Gapping Down
ISRG -2.2%, THG -1.4%, URI -3.2%, TRGP -3.1%, VECO -2.2%, TIV -8.3%, CREE -5.2%, FIX -4%,
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