Personally I’m waiting for QE 2012
Comments »Monthly Archives: June 2011
Newmont Mining: Gold May Top $1,600 in 2012 on Asia Demand
A growing emerging market middle class could push gold above $1600 by next year……
Comments »JEREMY GRANTHAM: We’re Headed For A Disaster Of Biblical Proportions
Apparently Grantham thinks we have gone through a tipping point where the planet’s resources can not support the population.
Perhaps he wrote the Georgia Guides Stones…..lol
Supply is not the issue, but more like distribution and waste are the real problems.
Comments »Obama Wooing Wall St. Again
Apparently there are no talks of regulating bonus, pay structure, RICO violations, etc……
Comments »Roubini: “Meaningful probability” of a hard landing for China
Roubini says China avoided a hard landing during the credit crunch, but faces problems in 2013.
Also Europe is “storing up problems” by avoiding or delaying bailouts.
Comments »Brick and Mortar Companies Are Complaining of No Sales taxes on the Interwebs
A slowing economy and cash poor consumers will seek out the best deals possible say brick and mortar companies.
Surprisingly AMZN has no real objection to a federal law to collect taxes. For the moment though they are fighting individual states on the issue.
Ebay on the other hand is opposed to any tax collection measures.
Comments »HSBC Looking to Close U.S. Credit Card Business If No Buyers Emerge
Credit cards in a debt laden country and slow growth did not make sense to HSBC.
Comments »Upgrades and Downgrades This Morning
Upgrades
MGM – MGM Resorts upgraded to Outperform from Market Perform at Bernstein
MWV – Specialty Packaging sector upgraded to Attractive from Neutral at Goldman
UHS – Universal Health upgraded to Outperform from Market Perform at Leerink Swann
ARUN – Aruba Networks upgraded to Outperform at Wedbush
CLF – Cliffs Natural Resources initiated with a Buy at UBS
LULU – Lululemon athletica upgraded to Neutral from Reduce at Nomura
AV – Aviva initiated with a Buy at Collins Stewart
SPSC – SPS Commerce initiated with a Outperform at Barrington Research
WIFI – Boingo Wireless initiated with an Outperform at William Blair
RPXC – RPX initiated with an Outperform at Cowen
UA – Under Armour upgraded to Buy from Neutral at Sterne Agee
FCF – First Commonwealth upgraded to Buy from Neutral at Sterne Agee
PEG – Public Service upgraded to Buy from Neutral at Goldman
RIG – Transocean upgraded to Buy at Argus
WNC – Wabash Natl upgraded to Overweight
GXP – Great Plains Engy upgraded to Buy from Neutral at Goldman
KMX – CarMax upgraded to Buy from Hold at BGB Securities
FR – First Ind. Rlty upgraded to Market Perform from Underperform at BMO Capital
R – Ryder System upgraded to Buy at KeyBanc Capital Mkts
TTMI – TTM Tech upgraded to Strong Buy at Needham
BEXP – Brigham Exploration upgraded to Buy from Neutral at SunTrust
AONE – A123 Systems early strength attributed to tier 1 firm upgrade
Downgrades
FCS – Fairchild Semi and Diodes Downgraded to Neutral from Outperform at Robert Baird
BMS – Bemis downgraded to Sell from Neutral at Goldman
GIL – Gildan Activewear initiated with Neutral at Goldman
NSTC – Ness Tech downgraded to Neutral from Positive at Susquehanna
SRE – Sempra Energy downgraded to Neutral from Buy at Goldman
RENN – Renren initiated with a Hold at Deutsche Bank
TAP – Molson Coors Brewing downgraded to Hold at Stifel Nicolaus
MJN – Mead Johnson Nutrition initiated with Outperform at William Blair
Comments »Gapping Up and Down This Morning
Gapping Up
TBL +40.9%, AONE +8.8%, CAM +0.8%GRB +33.7%, BEXP +1.7%, MFW +40.0%, GRB +30.5%, VFC +7.9%, TRH +18.2%, NSTC +7.8%, WEN +7.5%, VOD +1.6%, KOG +2.2%, NSTC +12.4%, ALXN +3.5%, TSEM +5.8%.
Gapping Down
SSRI -1.1%, RF -2.3%, GILD -2.1%,
Comments »In Play and On The Wires
Hedge Funds Continue to Boost the Ag Play
Ag prices rally for a third straight week on supply concerns and horrible upcoming harvests. The GSCI Ag Index has rallied 79% in the past year.
This is cause for concern with feed producers and meat companies while the markets expect favorable conditions for shippers of grain…..
Comments »European Stocks Pare Earlier Gains, Asian Markets Remain in the Red, and U.S. Futures Stay Slightly Positive
Asian markets have fallen and not recovered for the most part. European stocks were higher at the open, but now languish above recent lows.
U.S. futures seem to be holding early gains….
Comments »More Disagreement on How To Bailout Greece Causes Euro to Continue its Slide and Yields for PIGS to Rise
Home Sales in Honk Kong Fall Off a Cliff
Government measures to curb speculation and a bubble are starting to work.
Sales fell off 58% from a week ago. Prices have risen 70% since the beginning of the year.
Comments »Lending in China Falls Unexpectedly; Further Showing a Slowing of Global Growth
Christchurch New Zealand Rocked by Twin Earthquakes; Kiwi Dollar Falls
No reported deaths; just some property damage and injuries so far. The Kiwi dollar seemed to be the most shaken up…
Comments »Spanish and Portugal Bonds Fall on Bailout Fears
The winner in all this mess is the Swiss France. It has traded higher against the Euro and the Dollar consistently.
Comments »Wheat Continues Upside on Late Rains
Wheat has been lagging corn as of late. With The rains being too little too late it may begin a parabolic move over the summer months.
Supply conditions remain tight as does corn.
Comments »Crack Spreads Melt Up With Oil Off a Buck in Overnight Trade
Flash: Dallas Mavericks Defeat Miami Heat to Win Title
The final score was 105-95. Congrats to Marc Cuban for financing the big win.
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