Monthly Archives: April 2011
Bank of America: Oil Could Hit $160 by Year End
Arcos Dorados, ARCO, Tacks a Premium onto a Premium in Today’s IPO Offering
JP Morgan Races Against Wells Fargo in Micro Chip Embedded Cards
BP Extends Their Opportunity to Drill Arctic
Thermon Group Announces IPO
CFO’s Would Prefer Stronger Revenue Growth to Boost Hiring
Strong revenues are already being had with record profits; not to mention increased productivity….
Comments »Greek Bond Spreads Blow Out again
Ford Recalls The F-150 Truck
In Play and On the Wires
Crack Spreads Erase Minor Losses and Shoot Up 1.7% to $29
Upgrades and Downgrades This Morning
Upgrades
INFY – Kaufman sees modest rev upside for offshore IT, despite a seasonally soft quarter
AAPL – Apple: More talk of Apple reaching 45 million iPads in CY11 – Ticonderoga
ORCL – Oracle: Positive takeaways from IBM’s impact conference – BMO Capital Markets
FRX – Forest Labs upgraded to Outperform from Neutral at Credit Suisse
JPM – JPMorgan Chase: Oppenheimer reviews yesterday morning’s qtrly results; trading near record levels, credit quality continued to improve
SOL – ReneSola initiated with Buy at boutique firm
HOG – Harley-Davidson upgraded to Strong Buy from Market Perform at Raymond James
AHGP – Alliance Holdings upgraded to Outperform from Market Perform at Raymond James
BRCM – Broadcom resumed with a Buy at Auriga U.S.A; tgt lowered to $50
OSTK – Overstock.com initiated with a Buy at The Benchmark Company; tgt $18
USO – Wunderlich slightly raises tgts on Oil and Gas E&P names on higher oil price forecast
CPF – Central Pacific Financial upgraded to Neutral from Sell at B. Riley
Downgrades
XLF – U.S Financials downgraded Neutral from Overweight at Goldman
MSFT – Microsoft ests lowered at ISI Group on lower PC shipments
GG – Goldcorp downgraded to Underweight from Neutral at HSBC
OPEN – OpenTable ticking lower; weakness attributed to tier 1 firm downgrade
CYH – Community Health: A low observation rate, in and of itself, does not prove anything – Oppenheimer
TXT – Textron downgraded to Hold from Buy at Deutsche Bank
AN – AutoNation downgraded to Sell from Neutral at Goldman
TRLG – True Religion initiated with a Buy at BB&T; tgt $31
NSC – Norfolk Southern added to Short Term Sell List at UBS
XRX – Xerox: Greater opportunity for FX tailwinds & solid revenue growth in 2H11 than supply risk – Brean Murray
Comments »Gapping Up and Down This Morning
Gapping up
SVU +18.9%, IRE +4.1%, KR +2.1%, SWY +1.8%, RUE +3.1%, DUK +2%, NPSP +1.6%, UL +0.9%, WG +3.7%, THC +2.6%, NYX +1.9%, UL +0.9%.
Gapping down
XPRT -49.4%, UFPI -10.7%, CPWR -5.7%, ZOOM -4.9%, ALU -3.8%, BPL -3.6%, SDRL -2.5%, SI -1.9%, DB -1.9%, BBVA -1.7%, MT -1.7%, BBL -1.3%, CMP -1.3%, FSLR -1.2%, BHP -1.2%, GS -1%, INTC -0.9%, RIO -0.9%, E -0.9%
Comments »Japan Faces Mounting Trouble Trying to Pull Damaged Fuel Rods From Reactor #4
U.S. Continues its Silence on the Killing of Anit-Government Protesters in Bahrain
Initial Claims: Prior 382k, Market Expects 385k, Actual 412k….PPI : Prior 1.6%, Market Expects 1.1%, Actual 0.7%
BRIC Nations Criticize Libya and North African Conflict
“Leaders of the BRICS group, the world’s five major emerging powers, have criticized the West for waging a war on Libya, which has caused civilian casualties in the North African state.”
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