Monthly Archives: April 2011
In Play and On the Wires
Upgrades and Downgrades This Morning
Upgrades
DNR – Denbury Resources initiated with a Positive at Susquehanna; tgt $30
HOG – Harley-Davidson upgraded to Neutral from Sell at Goldman
ATVI – Activision Blizzard initiated with Buy at Goldman
NBL – Noble Energy initiated with a Positive at Susquehanna
LINE – Linn Energy initiated with Buy at Janney Montgomery Scott; tgt $44
ROSE – Rosetta Resources upgraded to Buy from Hold at Canaccord
DGX – Quest Diagnostics initiated with an Outperform at Raymond James
SFNC – Simmons First National upgraded to Overweight at boutique firm
LL – Lumber Liquidators upgraded to Strong Buy from Market Perform at Raymond James
ACOR – Acorda Therapeutics: Stifel discusses patent update; raises fair value price by $4 to $27
SVVS – SAVVIS Comm initiated with a Buy at Stifel Nicolaus; tgt $45
ARLP – Alliance Resource initiated with a Neutral at Davenport; tgt $83
HAS – Hasbro upgraded to Buy at Morgan Joseph; tgt $54
AAPL – Apple: March quarter should serve to address uncertainty and possibly relieve pressure – Brigantine Advisors
HCA – HCA initiated with a Buy at Gleacher; tgt $40
BPL – Buckeye Partners upgraded to Buy from Neutral at UBS; tgt raised to $68 from $65
WY – Weyerhaeuser upgraded to Sector Perform from Underperform at Scotia
TSLA – Tesla Motors tgt raised to $40 at Dougherty following factory tour
CBS – CBS initiated with a Buy at Lazard – tgt $34
ATML – Atmel: Collins Stewart incrementally more positive on the stock following meetings with mgmt
Downgrades
GOOG – Google target lowered to $650 from $715 at Oppenheimer
MA – MasterCard downgraded to Neutral from Positive at Susquehanna
URBN – Urban Outfitters downgraded to Underperform from Hold at Jefferies
CSCO – Cisco Systems downgraded to Hold at Auriga U.S.A; tgt lowered to $19
CHL – China Mobile downgraded to Neutral from Outperform at Credit Suisse
CHA – China Telecom downgraded to Underperform from Neutral at Credit Suisse
T – 1Q11 likely uneventful for T and VZ – Collins Stewart
CSIQ – Canadian Solar target lowered to $18 from $20 at Auriga U.S.A
Comments »Gapping Up and Down This Morning
Gapping Up
AMLN +18.1%, ANV +1.5%, YZC +2.5%, AG +2.4%, HL +2.5%, SVM +1.1%, SLV +1.1%, MMSI +2.2%, AGO +11.5%, MBI +4.7%, PMI +4.6%, RDN +2.7%, MTG +1.8%, CBST +5.4%, SYT +2.7%, MRK +2.5%, GGG +5.4%, ZN +4.7%, AEN +1.7%, ASML +1.4%, ACOR +1.4%, MCO +0.8%, MPEL +3.0%,
Gapping Down
CRUS -5.5%, GOOG -5.3%, MTSC -4.9%, SFG -4.9%, URBN -1.9%, BBVA -1.5%, BBL -1.4%, RIO -1.3%, BAC -1%
Comments »Empire Manufacturing: Prior 17.5, Market Expects 15, Actual 21.7
CPI: Prior 0.5%, Market Expects 0.5%, Actual 0.5% ….Core CPI: Prior 0.2%, Market Expects 0.2%, Actual 0.1%
YOY 2.7%
Comments »A Sign of the Times
Bloomberg may have made a mistake, not defending him; but this was all started down town…..
Comments »Japan Continues To Fight Against a Molten Mass of Spent Fuel From Creating Worse Case Leakage
Massacre Continues in Misrata, Libya
European Markets Trade Mostly Unch. While U.S. Futures are Down Slightly
Asia Trades Slightly Lower on Concerns Over China Interest Rate Hike
India’s Inflation Rate Rises Faster Than Expected
“India’s inflation accelerated more than economists estimated in March as the cost of fuel and manufactured goods rose, putting pressure on policy makers to raise interest rates in Asia’s third-largest economy.
The benchmark wholesale-price index rose 8.98 percent from a year earlier after an 8.31 percent gain in February, the commerce ministry said in a statement in New Delhi today.”
Comments »Gold Inches Higher Over Night
Higher Input Costs Hurt Mattel Profits by 33%
A Strong Franc Hit Nestle Sales by 9%
Inflation Rose Faster Than Expected in Europe
“Inflation in the euro zone climbed higher than expected in March to 2.7 percent year-on-year, as fuel costs boosted the price of transport and housing, according to statistics published on Friday.”
Comments »Bank of America, BAC, Q1 Revenue of $2 Billion or $0.17 vs $0.27
Moody’s Cuts Ireland’s Credit Rating to Baa3
One level above junk. The question is, why isn’t it junk?
Comments »Asian Markets Off by 0.5%, Yen Falls, and Gold Rises
The Cost of Doing Business on Wall Street
There used to be a saying that if you could not do the time then you could not commit the crime. Settlements without admitting guilt….disgusting.
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