Representative Cantor pulls out of talks….
Comments »Monthly Archives: June 2011
Mid-caps For your Consideration
IEA: 60 Million Barrels Will Be Released From Strategic Reserves
Funny how oil traded down well b4 this announcement. Did someone know and short into it ?….vampire squid anyone ?
Let’s see if this changes anything for equities….
Oil sells off below $90 pb on initial news. Now back above $90 (10:30am) and the U.S. will initially release 30 million barrels.
Comments »Futures Double Down in the Red After Initial Claims
Upgrades and Downgrades This Morning
Upgrades
DECK – Deckers Outdoor upgraded to Buy from Hold at BB&T
FDX – FedEx upgraded to Buy at Argus
CCJ – Cameco upgraded to Outperform from Market Perform at BMO Capital
SINA – Sina initiated with a Buy at T. H. Capital
EMC – EMC initiated with a Strong Buy at Raymond James
ULTA – Ulta Salon target raised to $70 at Oppenheimer
SKS – Saks initiated with Outperform at Credit Agricole
NTAP – NetApp initiated with an Outperform at Raymond James
LSI – LSI Logic target raised to $9 at FBR Capital
BP – BP upgraded to Buy from Add at Evolution
LL – Lumber Liquidators upgraded to Buy at Stifel Nicolaus
FMS – Fresenius Medical initiated with an Overweight at Piper Jaffray
Downgrades
FFIV – F5 Networks downgraded to Neutral from Overweight at JP Morgan
F – Ford Motor ests lowered at Ticonderoga on lower Q2 expectations and higher taxes
SGNT – Sagent Pharma downgraded to Hold from Buy at Needham
DISCA – Discovery downgraded to Neutral from Buy at UBS
DANG – Dangdang initiated with Neutral at Susquehanna
CSX – CSX downgraded to Neutral from Buy at Sterne Agee
POR – Portland Gen Elec downgraded to Neutral from Overweight at JPMorgan
TMH – Team Health Holdings initiated with a Neutral at Piper Jaffray
TWX – Time Warner downgraded to Neutral from Buy at UBS
KRA – Kraton Performance Polymers initiated with Neutral at Goldman
NAL – Nalco downgraded to Sell from Neutral at Goldman
GGP – Gen Growth Prop initiated with a Neutral at Gleacher
Comments »Gapping Up and Down This Morning
Gapping Up
PARD +14.9%, SCS +5.8%, BMY +4.5%, BMY +4.5%, PAYX +0.5%., MLHR +6.5%, BJ +0.5%, CAVM +0.9%, PFE +2.6%, BBBY +1.7%, CV +3.2%, PFE +2.6%, RHT +4.1%,
Gapping Down
FPTB -6.9%, PLD -3.7%, WHR -3.6%, GTXI -3.1%, PODD -6.1%, THS -2.4%, BCS -2.3%, DB -2.3%, CS -1.9%, STD -3%, LYG -3%, AGNC -2.6%, EXL -4.6%, BBVA -4.4%,
Comments »In Play and On the Wires
FLASH: IEA Call For a “Urgent” Press Conference @ 9am
Developing……
Comments »Large Cap Stocks Take Down U.S. Futures This Morning
Lennar Shows a Better Profit Than Expected; LEN Posted $0.07 EPS vs Consensus of $0.04
Initial Claims: Prior 414k, Market Expects 413k, Actual 429k…Continuing Claims 3.7 Million
Fun With Derivatives: Questions Arise in Debt Talks of a Hidden AIG in Europe
Debt talks in Europe have taken another turn down a street of fear over derivatives. In the past a default simply meant default. Today the picture is not so clear since regulators had failed to create transparency on a risky market place.
Comments »HSBC and Markit Economics Revise Chin’s Manufacturing Within 0.01% of contraction Territory
China’s recent interest rate hikes have slowed its economy significantly. Bank reserves stand at 21.5% of capital requirement and manufacturing is hanging in the balance.
A fine line it is between growth and fighting inflation…..
Comments »With Food Prices Up 37% in a Year; Sarkozy Calls it a “Plague”
Sarkozy is proposing every measure in the book to reverses the trend at a G20 Farm Minstry Meeting in Paris.
Comments »J.C. Trichet Warns of Banking Troubles Over Debt Crisis; Euro Falls for a Second Day
Commodities Fall Hard Overnight On Bearded Clam Comments
Oil down 2.7%
Gold down 0.7%
Silver down 1.62%
Zinc down 1%
Copper down 0.98%
Sugar down 0.85%
Comments »Doom 5.0
hitting the cash tables tomorrow….please feel free to post news about butterflies
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