Monthly Archives: September 2011
Political Cross Currents Puts Municipal Bond Markets in Question
Lots on the chopping block that can harm the raising of money in the municipal markets.
Comments »GM and UAW Strike a 4 Year Deal; Ford Still Negotiating
Oil slides on supply increase, lower demand
Comments »NEW YORK (AP) — Oil dropped Wednesday after the government reported weak fuel demand in the U.S. and an unexpectedly large increase in crude supplies.
Benchmark crude fell 94 cents to $83.51 per barrel in New York, while Brent crude lost $1.02 at $106.12 in London.
Prices had risen sharply earlier this week as Europe appeared to get a better handle on its debt crisis. They fell again as investors turned their attention back to the U.S., the world’s largest petroleum consumer.
The Energy Department reported that gasoline demand last week dropped 2.4 percent from the same time last year. U.S. crude supplies grew by 1.9 million barrels last week, while analysts expected oil supplies to remain unchanged.
Oil has stayed between $79 and $90 a barrel since Aug. 4, as investors have kept a worried eye on weak demand, Europe’s debt crisis and the chances of the U.S. sliding into another recession.
“There’s still a lot of weakness in the U.S.,” said Michael Lynch, president of Strategic Energy & Economic Research.
At the pump, gasoline prices fell 1.4 cents to a national average of $3.465 per gallon on Wednesday. Prices have dipped below $3 per gallon in some cities, including St. Louis, Mo.
In other energy trading, heating oil was virtually unchanged at $2.8846 per gallon and gasoline futures were down a penny at $2.6252 per gallon. Natural gas fell 4 cents to $3.833 per 1,000 cubic feet.
Global Growth Worries: Copper Down More than 4.5%
Despite the strong tape, copper is trading off sharply, down almost 5% for the session.
Comments »FLASH: Silver is Being Taken to the Woodshed
THE VULTURE BECOMES THE PREY! Paulson on the Brink
John Paulson already has lots to worry about: turbulence in the stock market, a rocky economy and volatile gold prices.
As the hedge-fund manager suffers through the worst losses of his career, Mr. Paulson now is facing a flock of vulture investors who hope he will be forced to conduct a fire sale of stock and debt holdings.
Rival hedge funds, brokers and other firms are combing through Paulson & Co.’s investments, trying to anticipate what Mr. Paulson might sell if he needs to return cash to investors.
According to traders, some firms have been selling investments they have in …
Lunch Break: Will History Repeat Itself ?
Hoenig Says Dollar to Remain Top Fiat Currency
Well he said the world’s reserve currency, but you get the drift….gotta wonder why he is pitching this.
Comments »European Markets Turn Gain Into Pain For Investors
BofA Shareholders Duped for a Hidden $15 Billion Loss With Merrill Acquisition
Remember when banks were conservative trust worthy executives looking after your money ?
Comments »The Eureca Project: A Report on How to Fix Greece That is Getting a Readership Buzz
John Paulson Faces Massive Liquidations As His Fund Injects Liquid Habanero Into Investor Portfolio Veins
ALERT: Solar Stocks Are Knifing Lower Again
No. Ticker % Change Industry
1 ENER -8.30 Solar
2 FSLR -7.57 Solar
3 SOL -6.48 Solar
4 EMKR -6.35 Solar
5 TSL -5.20 Solar
6 CSUN -5.13 Solar
7 WFR -4.37 Solar
8 YGE -4.17 Solar
9 GTAT -3.87 Solar
10 CSIQ -3.68 Solar
Today’s Early Winners/Losers
Min market cap of $1 billion
No. Ticker % Change Market Cap
1 QCOR 10.07 1,780,000,000
2 JBL 8.34 3,610,000,000
3 IDCC 7.96 3,250,000,000
4 GPOR 7.75 1,400,000,000
5 ATU 5.05 1,310,000,000
6 EVEP 4.99 2,320,000,000
7 NETC 4.83 3,220,000,000
8 BMRN 4.61 3,140,000,000
9 BPOP 4.22 2,060,000,000
10 CHK 4.15 19,160,000,000
11 BWLD 3.97 1,110,000,000
12 PC 3.89 24,260,000,000
13 NMR 3.88 14,920,000,000
14 NBG 3.86 5,490,000,000
15 IX 3.82 9,580,000,000
16 WF 3.80 4,300,000,000
17 DF 3.70 1,530,000,000
18 KNM 3.24 4,810,000,000
19 SHG 3.09 19,220,000,000
20 VMED 3.08 7,900,000,000
21 NFLX 3.07 11,820,000,000
22 ACN 3.04 32,850,000,000
23 GDOT 2.72 1,440,000,000
24 HIT 2.72 241,460,000,000
25 PPO 2.64 2,910,000,000
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(Includes long and short, average volume > 25k. ETFs excluded.)
No. Ticker % Change Market Cap
1 IOC -15.32 3,040,000,000
2 CRZO -6.84 1,090,000,000
3 FSLR -6.67 8,830,000,000
4 PRGS -6.60 1,390,000,000
5 ACH -6.50 9,360,000,000
6 SOHU -6.46 3,040,000,000
7 SWC -5.19 1,550,000,000
8 HMIN -5.14 1,560,000,000
9 TSL -4.99 1,140,000,000
10 LGF -4.77 1,040,000,000
11 SINA -4.63 6,430,000,000
12 ANR -4.61 7,320,000,000
13 VECO -4.60 1,530,000,000
14 SCCO -4.60 27,160,000,000
15 LSI -4.51 3,930,000,000
16 CGV -4.44 3,430,000,000
17 YNDX -4.32 9,800,000,000
18 TQNT -4.31 1,350,000,000
19 DOW -4.30 31,690,000,000
20 PCX -4.29 1,340,000,000
21 DRI -4.11 6,390,000,000
22 EDU -4.09 4,160,000,000
23 SMS -4.00 3,500,000,000
24 THO -4.00 1,240,000,000
25 OVTI -3.87 1,030,000,000
Amazon Reveals $199 Price Point for New Tablet
State of Economy: Ad Sales Down for Top Tier Digital Agencies
First it was major publications like the NYT reporting slumping ad sales. Now digital agencies report the same bad news. A tell tale sign we are in or heading for recession.
Comments »Microsoft Kills Samsung Deal Making Android A Bit More Costlier
Appetite for Capital Goods Rises the Most in Three Months
Upgrades and Downgrades This Morning
Upgrades
DTV – DIRECTV initiated with an Overweight at JP Morgan
CAT – Caterpillar initiated with an Overweight at Barclays
AAPL – Apple ests raised at Needham on strong Mac sales and iPad replenishment
CMI – Cummins initiated with an Overweight at Barclays
TLP – Transmontaigne Partners upgraded to Buy from Neutral at BofA/Merrill
PFG – Principal Fincl and Prudential (PRU) initiated with Outperforms at RBC Capital
DE – Deere initiated with an Overweight at Barclays
CMA – Comerica upgraded to Market Perform from Underperform at Wells Fargo
LQDT – Liquidity Services initiated with a Buy at Stifel Nicolaus
VMED – Virgin Media upgraded to Buy from Neutral at Nomura
ETN – Eaton initiated with an Overweight at Barclays
SFD – Smithfield Foods upgraded to Outperform from Market Perform at BMO Capital
LRCX – Lam Research initiated with an Overweight at JP Morgan
CMCSA – Comcast initiated with an Overweight at JP Morgan
SGNT – Sagent Pharma initiated with a Neutral at JP Morgan
NVLS – Novellus initiated with an Overweight at JP Morgan
BRGYY – BG Group upgraded to Buy from Neutral at Goldman
MTW – Manitowoc initiated with an Overweight at Barclays
CHTR – Charter Comm initiated with an Overweight at JP Morgan
AGCO – AGCO Corp initiated with an Equal Weight at Barclays
MAS – Masco upgraded to Neutral from Sell at UBS
PAY – VeriFone initiated with a Buy at Argus
Downgrades
HOGS – Zhongpin downgraded to Neutral at Chardan Capital Markets
HII – Huntington Ingalls initiated with a Sell at Goldman
NAV – Navistar initiated with an Equal Weight at Barclays
MJN – Mead Johnson Nutrition downgraded to Hold from Buy at Citigroup
ITW – Illinois Tool initiated with an Equal Weight at Barclays
FIO – Fusion-io initiated with a Neutral at Lazard
SYY – Sysco initiated with an Underperform at Credit Suisse
SNN – Smith & Nephew downgraded to Average at Caris
CL – Colgate-Palmolive downgraded to Hold from Buy at Citigroup
TEX – Terex initiated with an Equal Weight at Barclays
KMB – Kimberly-Clark downgraded to Hold from Buy at Citigroup
GLP – Global Partners downgraded to Neutral from Buy at BofA/Merrill
PCAR – PACCAR initiated with an Equal Weight at Barclays
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