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Monthly Archives: July 2011

Tea Party Consequences

So the tea party has shown itself to be formidable in the political process. It has caused divide among the republican party and has insisted on more representation.

Now we need a left counterpart and perhaps we can have more than just a two party system.

Of course the folly continues in the debt debate. Republicans scramble to find votes.

Full article

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Upgrades and Downgrades This Morning

Upgrades

AIZ – Assurant upgraded to Buy from Neutral at Sterne Agee; tgt raised to $46 from $43

MO – Altria upgraded to Buy at Stifel Nicolaus

DRIV – Digital River target lowered to $36 from $40 at RBC Capital Markets

VRTX – Vertex Pharm upgraded to Buy from Hold at Citigroup

CL – Colgate-Palmolive target raised to $90 from $86 at RBC Capital Markets

EXP – Eagle Materials upgraded to Neutral from Underweight at JP Morgan

CELG – Celgene target raised to $62 from $58 at RBC Capital Markets

Downgrades

SQNS – Sequans Communications downgraded to Hold from Buy at Jefferies

POT – Potash downgraded to Sector Perform from Outperform at Scotia Bank

CNX – Consol Energy downgraded to Neutral from Buy at Davenport

AIG – American Intl initiated with a Hold at Citigroup

ROK – Rockwell Automation downgraded to Sell from Hold at Societe Generale

RCL – Royal Caribbean downgraded to Neutral from Overweight at JP Morgan

VPRT – Vistaprint downgraded to Perform at Oppenheimer

STEC – STEC Inc downgraded to Underweight from Neutral at JP Morgan

MMI – Motorola Mobility downgraded to Market Perform from Outperform at Wells Fargo

FCBC – First Comm Banc downgraded to Market Perform from Outperform at Keefe Bruyette

STEC – STEC Inc downgraded to Hold at ThinkEquity

SWIR – Sierra Wireless downgraded to Market Perform from Outperform at BMO Capital

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Gapping Up and Down This Morning

Gapping up

STMP +13.3%, CHK +2.3%, JAZZ +4.9%, NTRI +4.8%, MXIM+4.5%, CERN +4%,CNX +1.9%, N+1.7%, MCK +3.9%, VRTX +3.4%, ZOLL +3.4%,QLIK +5.9%, EXPE +5.6%, VOD +5.4%,PCLN +1.5%,PWER +3.2%, SBUX +2.6%, MET+2.5%,INPH +11.5%, TORM +10%, MSCC +9.4%, IM +9.4%, CMC +9.1%, TRLG +7.7%, RGC +6.4%,

Gapping down

DRIV -9%, VE -7.4%, OCZ -7.3%, TNAV -35.5%, QLGC -2.7%, SLW -2.6%,  ARBA -4.2%,  OCLR -5.1%, CTCT -4.6%, ACOM -4.2%,BHP -1.5%, DECK -1.5%, BP -1.3%,EMN -2.2%, NEM -2.1%,VECO -4.1%, MMI -4%, PEIX -3.7%, STEC -35.3%, VPRT -30.4%, RLD -18.2%,  CSTR -1.9%, RIG -1.7%, SYNA -6.9%, ISTA -6.3%, NETL -5.1%,TOT -1.7%,TRID -16%, NANO -12.7%, NTGR -11.2%, NXPI -11.1%, IPCM -10.2%, 

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