Things are falling apart in Europe.
Comments »Monthly Archives: October 2011
FLASH: GERMAN GOVERNMENT AND MAIN OPPPOSITION PARTIES AGREE ON JOINT MOTION FOR EFSF LEVERAGE – GOVT SOURCE –
Euro rallying on the news.
Comments »FLASH: Cummins Warns
Upgrades and Downgrades This Morning
Upgrades
YZC – Yanzhou Coal Mining initiated with a Market Perform at Bernstein
PTR – PetroChina upgraded to Neutral from Sell at Goldman
CWT – California Water upgraded to Buy from Neutral at Janney Montgomery Scott
NKE – Nike initiated with a Buy at Auriga
LOW – Lowe’s upgraded to Buy from Neutral at Janney Montgomery Scott
HUBG – Hub Group downgraded to Hold at Stifel Nicolaus
T – AT&T downgraded to Market Perform from Outperform at Bernstein
DRI – Darden Restaurants added to Top Picks Live list at Citigroup
STJ – St. Jude Medical upgraded to Buy from Neutral at Mizuho
WRC – Warnaco Group downgraded to Market Perform from Outperform at Wells Fargo
TDC – Teradata initiated with a Neutral at UBS
JASO – JA Solar upgraded to Overweight from Neutral at Piper Jaffray
SIG – Signet Jewelers initiated with a Neutral at Northcoast
WSH – Willis Group upgraded to Overweight from Equal Weight at Barclays
ZQK – Quiksilver initiated with a Buy at Auriga
Downgrades
HS – Healthspring downgraded to Neutral from Outperform at Wedbush
SAN – Banco Santander downgraded to Underweight from Neutral at JP Morgan
FN – Fabrinet downgraded to Hold at Stifel Nicolaus
HTLF – Heartland Finl downgraded to Hold at Stifel Nicolaus
FLWS – 1-800-FLOWERS initiated with a Neutral at Northcoast
SOL – ReneSola downgraded to Neutral from Overweight at Piper Jaffray
NFLX – Netflix downgraded to Neutral from Buy at Goldman
VTR – Ventas downgraded to Hold at Stifel Nicolaus
FRX – Forest Labs downgraded to Hold at Argus
HWAY – Healthways downgraded to Underweight from Hold at BB&T
OHI – Omega Health downgraded to Hold at Stifel Nicolaus
LDK – LDK Solar downgraded to Reduce at Nomura
YGE – Yingli Green Energy downgraded to Neutral at Nomura
VRUS – Pharmasset removed from U.S. 1 List at BofA/Merrill
STM – STMicroelectronics downgraded to Hold from Buy at Natixis
AAN – Aaron’s downgraded to Hold from Buy at BB&T
VECO – Veeco Instruments downgraded to Neutral from Buy at Sterne Agee
Comments »Gapping Up and Down This Morning
Gapping up
EK +2.3%, MT +1.6%, BP +4.8%, SLTM +4.4%, WFT +3.8%, SPEX +23.5%, UIS +22.4%, JASO +8.6%, HXL +7.1%,
FTNT +6.4%,UBS +3.3%, YGE +2.8%, RCII +1.2%, DB +1%, DD +1%, HXL+7.1%, NOV +5.2%, JASO +4.9%, BYD +1.1%,
AEZS +7.9% , SLTM +4.4%, AKS +1.7%, LOW +1%
Gapping down
NFLX – 35%, STM -4.8%, TXN -1.5%, LNT -1.5%, UCTT -11.1%, HWAY -10.5%, RMD -8.5%, VLTR -8.4%,
ANEN -8.4%, ZION -8%, ADES -7.5%, AAN -7.3%, MNTA -15.8%, EMKR -13.6%,
Comments »In Play and on the Wires
Case Shiller Index: Prior -4.1%, market Expects -3.5%, Actual -3.6%
FLASH: Crack Spreads are Collapsing
321 cracks are plunging, down 15% to $22.50.
Comments »It’s All Connected: A Spectator’s Guide to the Euro Crisis
Netflix Getting Obliterated in Pre- Market After Earnings Report
UPS Reports a 14% Increase Profits on a 8% Rise in Revenues
3M Misses by $0.09; Stock Gets Hammered in Pre Market
Early Morning Fun: A New Democracy Indeud
Zynga’s IPO Expected To Come a Week Before Thanksgiving
Check This Cool Interactive Earnings Chart
SAC Capital Advisers Still Facing Insider Trading Suspicion
The company has denied any wrong doing, but regulators say they have a lot to be suspicious about over a 9 year period.
Comments »DuPont Reports a 23% Increase in Profits
BP’s Profits Fall Less Than Expected
Flood Waters Rise Quicker Than Expected Overtaking Bangkok Levees
So far around 300 people have died and the flood waters are creating a nightmare for tech companies…
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