Monthly Archives: October 2011
All Eyes on the Fed
FLASH: MF GLOBAL Officially Files for Chapter 11
What Would Happen if Ron Paul Were Elected President
Why Today Could Determine the Next Few Months of Trade
Can one day really have that type of power ? This article suggests today is a crucial tell tale day of trade.
Comments »Moody’s Puts Out a Negative Credit Report for Europe
Birinyi Firm: Stock Market Is Overbought, Avoid it for Now
Italian -German Bond Yields Go Parabolic
Chicago PMI: Prior 60.4, Market Expects 58.9, Actual 58.4
Upgrades and Downgrades This Morning
Upgrades
GSK – GlaxoSmithKline upgraded to Outperform from Neutral at Cowen
CRM – Salesforce.com downgraded to Equal Weight at Global Equity Research
OCR – Omnicare upgraded to Equal Weight from Underweight at Barclays
LAMR – Lamar Advertising upgraded to Outperform from Neutral at Wedbush
CYNO – Cynosure initiated with an Outperform at Leerink Swann
NBR – Nabors Industries upgraded to Buy at Dahlman Rose
JNPR – Juniper Networks upgraded to Outperform from Sector Perform at RBC Capital
AET – Aetna added to Conviction Buy list at Goldman
VOCS – Vocus initiated with a Outperform at Barrington Research
Downgrades
SAFM – Sanderson Farms downgraded to Equal Weight at boutique firm
CVX – Chevron downgraded to Neutral from Buy at BofA/Merrill
GXP – Great Plains Engy downgraded to Market Perform from Outperform at Wells Fargo
BRCM – Broadcom upgraded to Outperform from Market Perform at JMP Securities
FTE – France Telecom downgraded to Sell from Neutral at UBS
MT – Arcelor Mittal initiated with a Buy at UBS
GMLP – Golar LNG Partners coverage resumed with a Buy at Citigroup
HME – Home Properties downgraded to Sell from Neutral at UBS
PSA – Public Storage downgraded to Hold from Buy at ISI Group
CNI – Canadian Natl Rail downgraded to Hold at Stifel Nicolaus
HCN – Health Care REIT downgraded to Hold at Stifel Nicolaus
CPX – Complete Production Services downgraded to Hold from Buy at Canaccord Genuity
BWP – Boardwalk Pipeline downgraded to Mkt Perform at Morgan Keegan
ACI – Arch Coal downgraded to Underperform from Outperform at Credit Agricole
NWSA – News Corp initiated with a Neutral at UBS
ANN – AnnTaylor downgraded to Neutral from Buy at Suntrust
FOSL – Fossil downgraded to Hold at Brean Murray
CRI – Carter Holdings downgraded to Neutral from Buy at Sterne Agee
JBHT – JB Hunt Trans downgraded to Hold at Stifel Nicolaus
KR – Kroger initiated with a Neutral at JPMorgan
XRAY – Dentsply downgraded to Underperform from Buy at BofA/Merrill
WFN – Whole Foods initiated with Neutral at JPMorgan
SNDK – SanDisk downgraded to Neutral at Sterne Agee
NEM – Newmont Mining downgraded to Underperform from Sector Perform at CIBC
OXY – Occidental Petro target raised to $120 at Argus
SKT – Tanger Factory downgraded to Neutral from Outperform at Credit Suisse
FE – FirstEnergy initiated with a Neutral at UBS
Comments »Gapping Up and Down This Morning
Gapping up
CYOU +1.9%, HUM +1.0%, MNTA +18.5%, PCRX +22.8%, NBR +7.1%, IBKR +7.2%, CP +6.9%, BGS +2%, HRBN +4.7%,
MNTA +19.3%, CP +5.4% , BGS +2%,
Gapping down
DB -6%, FTE -3.1%, AA -2.3%, BP -2.2%,RBS -5.8%, E -3.2%, ASML -3.2%, BCS -3.2%, ING -5.7%, LYG -5%,
TS -5%, BHP -4.2%, UBS -3.9%,
In Play and On the Wires
The Fed Suspends MF Global From Any New Business With Central Banks
Panasonic Forecasts the Largest Loss in Over Ten Years
Spanish Banks Point ot “Fudges” in How the Money for Recapitalization Should Be Calculated
It appears if the Spanish banks would like to raise less money than what the international community thinks they should.
Comments »TDK Corp. To Shed LED Unit and Pink Slip 11k Jobs Worldwide
Speculation Continues That Europe May Not Pull Off Debt Solution
It is one thing to say this is what needs to be done, but another to get everyone to agree and act.
Comments »Chinese Property Stocks Fall as China Continues to Maintain Curbs
The Yen Falls as Japan Intervenes in Their Currency
In order for Japan to continue exporting they must continue to intervene in their currency.
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