Monthly Archives: June 2011
Wilbur Ross: U.S. Economy “Bumbling along” ….”It’s not going to be a ‘W’ or a ‘V’ or an ‘L’ (recovery) or another alphabet letter,”
Government has not helped out the economy and the recovery will be more like “punctuation — dots, dashes, question marks, exclamation points, one strong month, one weak month — a very fragile economy.”
Comments »House Votes to Cut Off Libya Funding
[youtube:http://www.youtube.com/watch?v=48J_DIZBNyE 450 300] Full article
Comments »Rx Killers
Prescription drugs cause more deaths than illegal drugs.
Perhaps they should shut down all those pain clinics in FL. where they do not have to register with a federal drug dispensation monitoring program…..
Comments »Business Inventories: Prior 1%, Market Expects +1%, Actual +0.8%
Natural Gas Usage to Increase by 50% before 2035 – IEA
OECD: US Growth Is OK?
The OECD is out with a report and charts to show the U.S. is doing just fine……
Comments »The Case for $5,000 Gold
Bow Tie: Fitch Should Have Downgraded The U.S. Years Ago
“They should have been downgraded years ago. The rating agencies have gotten it wrong for 10-15 years now. America is bankrupt,” Rogers tells The Economic Times.
Comments »Tight Supply Conditions Remain for Specialty Metals
Tight supply, no substitutions, and high demand all spell higher prices to come…..
Comments »Business Roundtable: Lastest Survey Shows CEOs are Less Confident of the Future
Half of those surveyed expect to higher in the second half of the year and over 60% expect to raise capital spending.
87% of those surveyed expect higher sales, which fell 5% points; yet despite all this optimism remains low…..
Comments »401 K Plans Come Back to Corporate America
Plans are coming back, but some plans are linked to profits and or employers are asking workers to contribute more to the plans. Employers are also moving towards a smaller discretionary match.
Comments »Nokia and Apple Settle Their Patent Lawsuit
Apple will pay one time fees as royalty agreements to Nokia. No more legal dispute should exist between the two; questions remain around how much Apple will pay out.
Comments »Stocks on the Move
Upgrades and Downgrades
Upgrades
WYNN – Wynn Resorts upgraded to Add from Neutral at Citadel
KDN – Kaydon upgraded to Buy at KeyBanc Capital Mkts
WABC – Westamerica Banc upgraded to Market Perform at BMO Capital Markets
KRG – Kite Realty initiated with a Buy at Hilliard Lyons
PENN – Penn Natl Gaming initiated with a Market Perform at Raymond James
DO – Diamond Offshore upgraded to Neutral from Sell at Guggenheim
RIG – Transocean upgraded to Neutral from Sell at Guggenheim
SFD – Smithfield Foods upgraded to Buy at Credit Agricole
MGM – MGM Resorts upgraded to Add from Neutral at Citadel
MEOH -Methanex upgraded to Buy from Neutral at UBS
PETD – PDC Energy upgraded to Buy from Hold at Canaccord Genuity
APU – AmeriGas Partners upgraded to Buy from Neutral at UBS
THR – Thermon Group initiated with a Buy at KeyBanc Capital Mkts
VTR – Ventas upgraded to Buy from Neutral at UBS
FGP – Ferrellgas Partners upgraded to Neutral from Sell at UBS
WEN – Wendy’s/Arby’s Group upgraded to Buy from Neutral at UBS
DMD – Demand Media upgraded to Buy from Neutral at Goldman
WFR – MEMC Elec upgraded to Neutral at Goldman
UBS – UBS AG initiated with an Outperform at RBC Capital
THR – Thermon Group initiated with Outperform at William Blair
ZION – Zions Bancorp upgraded to Outperform from Market Perform at Keefe Bruyette
Downgrades
CSCO – Cisco Systems downgraded to Underperform from Outperform at RBC Capital
MS – Morgan Stanley initiated with Underperform at RBC Capital Markets
FMX – FEMSA downgraded to Neutral from Buy at Goldman
GS – Goldman Sachs initiated with Underperform at RBC Capital Markets
DRYS – DryShips upgraded to Outperform from Market Perform at Wells Fargo
JNPR – Juniper Networks downgraded to Sector Perform from Outperform at RBC Capital
MAKO – MAKO Surgical initiated with Hold at Canaccord Genuity
Comments »Gapping Up and Down This Morning
Gapping up
DEJ +16.7%, GSK +1.3%, DMD +7.8%,IRE +5.4%, HAYN +3.3%, TOT +1.2%, RDS.A +0.7%. , STD +2%, DB +1.8%, RIO +1.5%, VALE +0.9%, ZION +2.3%, SOLR +8%, NOK +4.1%, DRYS +3.7%, SI +2.9%, ASML +2.5%, FRO +2.5%, MT +2.3%, DB +1.9%,RIO +1.5%, BP +1.5%, BHP +1.3%, BAC +1.2%, HBC +1.1%, AAPL +1%, SHPGY +1.9%, AZN +1.4%, SNY +0.9%.
Gapping down
COOL -3.9%, BSFT -2.8%, ANGO -7.3%, KMP -2.6%, DHR -1.8%,
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