I doubt this analysis unless there is a frozen banking market for 3 months plus….just do not see that happening.
Comments »Monthly Archives: September 2011
Do You Have Any Questions About Europe’s Short Selling Ban ?
UBS Report on Stock That Will Benefit From Europe’s Debt Woes
GE Looks to Double Business In Germany
Best Buy Announces 30% Decline in Profits; Company Announces Stock Buyback Program
FLASH: U.S. Futures and European Markets Turn Green Again
Upgrades and Downgrades This Morning
Upgrades
KEX – Kirby Corp upgraded to Buy at Stifel Nicolaus
PNG – PAA Natural Gas Storage upgraded to Buy from Neutral at UBS
JPM – JPMorgan Chase upgraded to Buy at Stifel Nicolaus
AGNC – American Capital Agency initiated with an Outperform at Wells Fargo
NRGY – Inergy upgraded to Buy from Neutral at UBS
CAVM – Cavium Networks upgraded to Outperform from Market Perform at JMP Securities
AYR – Aircastle initiated with an Overweight at Barclays
LMT – Lockheed Martin upgraded to Neutral from Sell at Goldman
SODA – SodaStream initiated with a Buy at Janney Montgomery Scott
Downgrades
DOW – Dow Chemical upgraded to Outperform at Credit Agricole
GS – Goldman Sachs initiated with an Equal Weight at Morgan Stanley
FDX – FedEx downgraded to Sector Perform from Outperform at RBC Capital
HSP – Hospira downgraded to Equal Weight from Overweight at Barclays
BP – BP target lowered to $55 at The Benchmark Company
NGG – National Grid downgraded to Neutral from Buy at UBS
HCA – HCA downgraded to Neutral from Outperform at Cowen
MLM – Martin Marietta downgraded to Sell from Hold at Citigroup
DLB – Dolby Labs initiated with a Neutral at Merriman
SWI – SolarWinds downgraded to Underweight from Equal Weight at Morgan Stanley
NETL – NetLogic downgraded to Neutral from Buy at UBS
Comments »Gapping Up and Down This Morning
Gapping up
VVUS +0.6%, BQI +22.4%, EGO +1.1%, MGM +1.2%, LXRX +9.4%, GOLD +1.0%, JPM +0.7%,EGHT +1.1%, BBY +2.6%, SPWRB +10.7%, NBG +4.1%, UBS +2.8%, DB +2.4%, INO +5.3%, WLT +5.1%, ISIL +2.3%,
SVM +2.0%, SPWRB +10.7%, EK +3%, GFI +1.6%, HMY +1.4%, TASR +2.8%, SODA +1.5%,
Gapping down
STLD -2.2%, ITMN -7%, E -3.9%, RIG -2.9%,
Comments »In Play and On the Wires
Import and Export Prices: Import Prior 0.3%, Market Expects – 0.9%, Actual -0.4% …Export Prior 0.5%, Mkrt Expects 0.5%, Actual 0.5%
BofA Technical Analysis; S&P May Fall 21% to 910
FLASH: Another Rumor Arises Propping up European Markets Briefly
A French newspaper floated a rumor that Merkel and Sacozy spoke yesterday to make an announcement today about sustaining Greece within the Euro.
The French government is currently stating that they are planning any public comments or announcements for today.
Comments »
Analysts Warn of a Bear Flag; 1140 S&P a Crucial Battle Ground
Profit Estimates For Goldman Get Slashed
Russia Considers Growth Concerns and a Weak Ruble @ $60 Oil
Will we see $60 oil ? OPEC will surely try to keep prices up, but a global slowdown coupled with possible liquidity concerns and deflation could bring about such a scenario.
Comments »Aussie Dollar Continues to Fall on Global Growth Concerns
Gold Trades Flat on Profit Taking and Growing Liquidity Concerns
Global Markets and the Euro Pare Gains and Go Negative as China Rumor Fizzles
Yesterday’s Market Rallying Rumor of China Buying Italian Debt Still Remains a Rumor
Markets are seriously in peril when a rumor turns it on a dime. I do hope the rumor turns out to be true, but one can not invest on rumors from desperate people during desperate times.
Comments »BNP Paribas Denies Rumors of NOT Being Able to Take Dollar Funding Stipends
A rumor broke yesterday as a direct quote from someone in the know stating ”
We can no longer borrow dollars. US money-market funds are not lending to us anymore.”
The bank released a statement Tuesday saying, “BNP Paribas [BNP-FR 24.57 
-1.55 (-5.93%) 
] categorically denies the statements made by this anonymous source and confirms that it is fully able to obtain USD funding in the normal course of business, either directly or through swaps.”
