No. Ticker % Change
1
2 SINO 80.59
3 SFN 51.03
4 PRKR 36.38
5 FREE 24.43
6 GRO 21.11
7 HOKU 20.27
8 ABAT 20.00
9 DTLK 17.70
10 RHI 15.69
11 PURE 15.31
12 MLNX 14.00
13 MHS 13.03
14 CBAK 12.73
15 MEG 12.54
16 IRE 12.50
17 RITT 10.85
18 BCS 9.85
19 ALTI 9.55
20 DHRM 9.54
21 MTEX 9.52
22 PANL 9.30
23 IDCC 9.23
24 TCBI 9.22
25 LECO 9.06
26 SEED 8.92
Monthly Archives: July 2011
More On Greek Debt Talks out of Brussels
The world has come to realize that they will support Greece despite a high probability of default. The EU will stabilize banks and step into the bond market when needed.
Comments »Philly Fed Index: Prior -7.7, Mkt Expects 0.0, Actual +3.2
Upgrades and Downgrades This Morning
Upgrades
AXP – American Express tgt raised to $60 at FBR Capital
AIXG – Aixtron upgraded to Add at WestLB
EBAY – eBay resumed with a Neutral at Wedbush
STJ – St. Jude Medical added to Focus List at JP Morgan
RVBD – Riverbed Technology upgraded to Buy at Wunderlich
LNT – Alliant Energy initiated with a Market Perform at Wells Fargo
Downgrades
INTC – Intel Intel downgraded to Reduce from Neutral at Nomura
BBVA – Banco Bilbao Vizcaya Argentaria downgraded to Underweight from Neutral at JP Morgan
CLX – Clorox downgraded to Sector Perform from Outperform at RBC Capital
STD – Banco Santander Central downgraded to Neutral from Overweight at JPMorgan
NRGY – Inergy downgraded to Sell from Hold at Citigroup
GNW – Genworth Financial target lowered to $11 from $17 at Northland Securities
CREE – Cree initiated with a Neutral at Credit Suisse
SOL – ReneSola downgraded to Hold from Buy at Deutsche Bank
STP – Suntech Power downgraded to Hold from Buy at Deutsche Bank
VECO – Veeco Instruments with a Neutral at Credit Suisse
TOL – Toll Brothers downgraded to Hold from Buy at Citigroup
ECL – Ecolab downgraded to Neutral from Outperform at Credit Suisse
SPH – Suburban Propane downgraded to Hold from Buy at Citigroup
CLB – Core Labs downgraded to Sector Perform from Outperform at RBC Capital
PRXL – Parexel downgraded to Underperform from Buy at Jefferies
Comments »Gapping Up and Down This Morning
Gapping Up
MVIS +20.1%, SFN +51.8%, SPNS +4.4%, BCS +2.9%, RBS+2.3%, TCBI +2.2%, AZN +2.1%, ECPG+2%, FRO +1.4%, RLD +4.2%, SCSS +2.3%, TCBI +2.2%, HNR +5.2%, MLNX +4.8%, MS +4.7%, NOK +3.6%, BPAX +3.7%, AZN +2.1%, NBG +2.3%, CS +1.5%, IDCC +4.2%, NLST +2.9%, MHS +23.7%, SINO +2.3%, DTLK +11.4%, RHI +8.4%, NOK +7.1%, FNGN +3.8%, LLY +1.3%, PM +0.9%, DO +0.4%,BANR +3.5%, NLST +2.9%, SCSS +2.3%,
Gapping Down
ARMH -3.2%, EGHT -3.1%, WHR -2.8%, QCOM -2.4%, STX -11.7%, EMCI -11.3%, PLXS -10.1%, INTC -2.4%, XLNX -2.2%, NFX -2.2%, EMAN -9.3%, NE -2.1%, TSCO -5.2%, HNI -4.6%, CAKE -4.3%, TEX -3.7%, DB -1.8%, RIO -1.3%, GNW -9.2%, ERIC -8.9%, MKSI -7.7%, FFIV -6.7%, EBAY -5.9%, ALU -5.4%,
In Play and On the Wires
Futures Turn Markedly on Comments Out of Brussels
European banks willing to accept collateral even if Greece goes into default.
Comments »PepsiCo Posts a $1.17 vs Consensus of $1.21; Adjusted Profits were in Line
Company experienced ridiculously high inflation costs; they expect to raise prices shortly.
Comments »Jobless Claims: Prior 405k, Mkt Expects 411k, Actual 418k
Morgan Stanley, MS, Posts a Loss Due to Restructuring of Overseas Unit; Company Posts -$0.38 EPS vs Consensus of +$0.62
Eli Lilly, LLY, See Profits Falling by 11%; Company Posts $1.07 in EPS vs Consensus of $1.19
AT&T, T, Posts a Slight Increase in Revenues With EPS of $0.60 vs Consensus of %0.59
U.S. Consumers Experience Liquidity Crunch and Turn to Credit Cards for Basic Necessities
Money spent on credit cards has increased 10% yoy in June for basic items like gasoline, food, clothing, etc.
Comments »Travelers Co., TRV, Posts a Monster Loss of $364 Mn due to Natural Disasters
Extraordinary tornadoes, flooding, and fury of mother nature has caused the company to suffer a high number of claims.
Comments »Express Scripts, ESRX, Offers $29.1 Bn for Medco; MHS
That uits Medco @ $71 and change; a 28% bump in price since yesterdays close.
Comments »Chinese Fraud Fears Loom Over Solar Companies
Given lack luster earnings not meeting expectations along with key executives suddenly resigning; fraud is the fear in accounting departments of many solar companies out of China.
Comments »Japan Exports Fall Less Than Expected
Exports decreased 1.6% and the auto industry showed a slowing. Fears of a stronger Yen against the dollar may reverse the comeback Japan is experiencing since the earthquake.
Comments »Copper and Oil Fall on Fears on China Manufacturing Slowdown
Preliminary estimates show China’s manufacturing index dropping to 48.9. Below 50 is considered recessionary.
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