Monthly Archives: April 2011
Airline Sector Downgraded on Higher Fuel Costs
Interest Rates Falling Below “Natural Rate”; Inflation and Unnatural Credit Boom Expected
NATO Warns of Stalemate in Libya Despite Said Peace Talks
this story is getting out of hand…as if ground troops and control of Libya is desired…..
Comments »Crack Spreads Reverse Early Losses
Spreads reversed -2.5% losses this morning and are now higher by 0.5% to $25.12.
Comments »Upgrades and Downgrades This Morning
Upgrades
CHKP – Check Point Software target raised to $60 from $50 at RBC Capital Mkts
ARBA – Aruba Networks: The current rate of new deals may pave way for upside in the April quarter – RBC
TUP – Tupperware: RBC expects a beat and raise
SYMC – Symantec: Upgrade details
ANDE – Andersons target raised to $59.60 at Feltl & Co.
FCS – Fairchild Semi upgraded to Sector Perform from Underperform at Pacific Crest
Acquisition Targets – Caris discusses Internet M&A and IPOs; DRIV, SCOR, TTGT, and VCLK likely acquisition targets
NLY – Annaly Capital Mgmt initiated with a Buy at Cantor Fitzgerald
CHU – China Unicom Hong Kong upgraded to Outperform from Sector Perform at Pacific Crest
GILD – Gilead Sciences: NDA now accepted for TMC278 combo pill with priority review – RBC Capital Mkts
NAV – Navistar strength attributed to tier 1 firm upgrade
HANS – Hansen Natural ests and target raised to $67 at Stifel Nicolaus
Downgrades
NVLS – Novellus: Downgrade details
CHA – China Telecom downgraded to Sector Perform from Outperform at Pacific Crest
BWLD – Buffalo Wild Wings: 1Q11 earnings preview; wing prices decline more, but lockout clouds outlook – Miller Tabak
CNK – Cinemark downgraded to Average at Caris & Company
Comments »Deutsche Boerse Ups Their Bid For NYSE
Dollar Weakness Pushes Gold and Silver Higher in Overseas Trade
UBS Chart on This Qs Hottest Earnings Acceleration
Alcoa Expected to Post Record Profits This Evening
Endo Pharmaceutical to Buy American Medical for $2.6 B Cash
JP Morgan Reaps $1.9B in Sigma While Ignoring Risk for Clients
Flash: Molycorp tgt raised to $90 from $74 at JPMorgan
Unreal
Comments »Gapping Up and Down This Morning
Gapping Up
TYC +10.3%, HEK +5.5%, VVUS +5.3%, BCS +3.5%, RBS +3.4%, RIG +3.1%, BHP +2.6%, BBL +2.3%, RCL +1.8%, ASML +1.7%, RIO +1.4%, RIO +1.4%, SLV +1.4%, MKC +1.4%, SLW +1.3%, AZN +0.9%, BCS +3.5%, RBS +3.4%, BHP +2.3%, BBL +2.3%, RIO +1.4%, SLV +1.4%, SLW +1.3%, ACH +1.2%, SNY +1.6%, AZN +1.0%, TSTY +142.2%, GLBC +50.7%, LVLT +12.5%, AMMD +41.7%, ENDP +7.7%,
Gapping Down
CELM -42.3%, VIAS -1.5%, SDRL -1.5%, AU -1.4%, DPS -1.2%, MRK -0.8%
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