Tiffany trading higher as bridal sales grant a boon to jewelry retail sales….
Comments »Monthly Archives: August 2011
Tea Party Rage Dies Down in Typical Sheople Fashion
Irene Preparedness Empties Shelves at Wal-Mart, Home Depot, and the Like
FLASH: Greek Banks Tap Greek Bailout Fund for $5 Billion Euros; This Money comes at a Higher Price
This was done since Greek banks said they could not tap funds directly for the ECB….
Comments »Upgrades and Downgrades This Morning
Upgrades
SONO – SonoSite initiated with Buy at Stifel Nicolaus
HEI – HEICO target raised to $56 at FBR Capital
RIMM – Research In Motion upgraded to Buy from Neutral at Sterne Agee
FSLR – First Solar upgraded to Buy at Collins Stewart
WDR – Waddell & Reed initiated with Buy at Jefferies
ARUN – Aruba Networks upgraded to Market Perform at BMO Capital Markets
SFSF – SuccessFactors initiated with Overweight at Piper Jaffray
SQNM – Sequenom initiated with Outperform at William Blair
VMW – VMware upgraded to Outperform from Sector Perform at Pacific Crest
THS – TreeHouse Foods initiated with Outperform at Wells Fargo
ARB – Arbitron upgraded yesterday afternoon to Buy at Gilford Securities
LII – Lennox Intl upgraded to Buy at KeyBanc
FRC – First Republic Bank initiated with a Sector Perform at RBC Capital Mkts
BRCM – Broadcom initiated with Buy at ThinkEquity
CLD – Cloud Peak Energy upgraded to Buy at Dahlman Rose
BHP – BHP Billiton upraded to Buy from Neutral at Natixis
WSO – Watsco upgraded to Buy at KeyBanc
Downgrades
HIG – Hartford Financial target lowered to $26 at Argus
SDRL – Seadrill Ltd target lowered to $38 at Dahlman Rose
IEX – IDEX Corp target lowered to $45 at Barrington Research
BLK – BlackRock initiated with Hold at Jefferies
MDCO – The Medicines Co target lowered to $20 at Argus
SWFT – Swift Transportation downgraded to Hold from Buy at Capstone
Comments »Gapping Up and Down This Morning
Gapping Up
ERIC +1.7%, ARUN +4.4%, HAIN +1.9%, GLD +1%, DLLR +8.1%, MCRS +9%, P +7.1%, JADE +4.9%,
Gapping down
CLWR -8%, OVTI -22.6%, SCVL -2.2%, LAVA -10.5%, URZ -8.7%,
In Play and on the Wires
2ND GDP Estimate: Prior 1.3%, Mkt Expects 1.1%, Actual 1%
Regulators Ask Large Institutions to Take on More Cash Deposits Despite it Being Unprofitable
Investors flood money markets with cash over European debt worries. Banks are complaining about higher insurance costs. But lest us not forget your making money off the tax payers back….free money from us to you so STFU bitches.
Comments »Nobel Laureate Spence: World Faces a 50% Chance of Global Recession
Spence follows on the heels of major banks taking down growth prospects for the western world. This time he remarks that China will not be able to cushion the blow with stimulus and the slowdown in G-7 nations will spread quickly to developing world.
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