Two students reportedly injured so far. Still developing as to whether foul play involved.
Comments »Monthly Archives: September 2011
Quants Rule the World of Trading
Marc Faber: “Gold Is Quite Oversold. I Will Consider Buying Gold Over The Next Two Days”
Rogers: U.S. Dollar is No “Safe Haven”
Berkshire Hathaway Announces a Buyback Program of No More Than 10% Above Book Value
SEC Considering Legal Charges Against S&P
Civil action is being considered for their role in rating mortgages that helped to create the financial debacle of ’08 & ’09…
Full article
Comments »Occupy Wall Street Lunacy (VIDEO)
[youtube:http://www.youtube.com/watch?v=lqHzraTdZi0 603 500]
Comments »Report: Berkshire to Announce Share Buy Back
Upgrades and Downgrades This Morning
Upgrades
TUDO – Tudou initiated with a Buy at Deutsche Bank
TX – Ternium S.A. upgraded to Buy from Neutral at Goldman
MLHR – Herman Miller upgraded to Strong Buy from Outperform at Raymond James
PNM – PNM Resources upgraded to Outperform from Market Perform at Wells Fargo
NVLS – Novellus upgraded to Neutral from Negative at Susquehanna
ABVT – Abovenet upgraded to Strong Buy from Outperform at Raymond James
OXY – Occidental Petro upgraded to Buy from Hold at Citigroup
GMCR – Green Mtn Coffee initiated with a Buy at Argus
ELT – Elster initiated with an Equal Weight at Morgan Stanley
GXP – Great Plains Engy added to Conviction Buy List at Goldman
RRTS – Roadrunner Transportation reinstated with a Buy at BB&T
NFLX – Netflix upgraded to Buy from Neutral at Merriman
NVE – NV Energy upgraded to Buy from Neutral at Goldman
AMD – Advanced Micro upgraded to Buy from Neutral at UBS
FWLT – Foster Wheeler upgraded to Outperform from Market Perform at BMO Capital
EL – Estee Lauder upgraded to Buy at Stifel Nicolaus
ALKS – Alkermes upgraded to Buy from Hold at Jefferies
ROSS – Ross Stores target raised to $92 at Ticonderoga
NVLS – Novellus upgraded to Neutral from Negative at Susquehanna
EXPE – Expedia upgraded to Overweight from Neutral at Piper Jaffray
UTX – United Tech upgraded to Overweight from Equal Weight at Morgan Stanley
Downgrades
FCX – Freeport-McMoRan tgt cut to $54 at Stifel
GR – Goodrich downgraded to Equal Weight from Overweight at Morgan Stanley
EE – El Paso Electric downgraded to Neutral from Buy at Goldman
ITRI – Itron initiated with an Overweight at Morgan Stanley
Comments »Gapping Up and Down This Morning
Gapping up
PT +4.2%, MELA +24.2%, NFLX +5.1%, EXPE +1.6%, OXY3.1%, BCS +6.8%, DB +6.7%, CS +5.7%,
RBS +5.2%, AEO +4.9%, UBS +4%, NOK +3.4%, MT +3.2%, HBC +1.2%, SNY +3.1%, NVS +2.2%,AMD +3.1%,
BAC +3%, JPM +2.1%, PUK +4.6%, BAC +3%, JPM +2.1%, MOS +1.2%, GIS +0.9%, NFLX +5.1%, EXPE +1.6%,
DCTH +12.9%, AEZS +7.9%, AEO +5.1%, CBLI +2.1%, OXY + 3.1%
Gapping down
MCP -2.6%, RIO -0.8%, EK -16%, SLV -6.6%, SLW -4.4%,
Comments »In Play and On the Wires
Heads Up; This Week is Chocked Full of Data Releases
Apple Slashes iPad Orders by 25%
Is this a forecast for the economy over all ? We will have to wait for earnings reports out of Appple and their suppliers.
Comments »Congress Makes No Progress Over Weekend; Government Shut Down Still Looms
Rumors Swirl Over ECB Rate Cut; EU Ministers Dismiss the Notion
Only time will tell. If the debt crisis gets worse it is somewhat logical to assume that rates would be slashed further.
Comments »Marc Faber: Gold Could Fall to $1,100
France Says Banks are “Solid” and That There are No Plans to Recapitalize Institutions
The Kiwi and Aussie Dollars Continue to Slide
Economic data and a weak global outlook has these currencies falling recently.
Comments »
