Monthly Archives: October 2011
What To Do About Free Trade
What Can Abbott Lab Shareholders Expect From the Recent Break Up?
“Drug and medical stocks are not generally thought of as stocks hitting 52-week highs by the investing public. So what about when a company decides to unlock shareholder value by breaking itself up? Abbott Laboratories (NYSE: ABT) is company which we noted one day could become the next mega-cap ($100 billion in value), but now the company is breaking itself up into two companies.
The first bit of news is that the $1.18 EPS report was a penny ahead of expectations, but other reports were calling the earnings a miss. The larger news is of the company’s break-up whereby it will spin off its drug unit. Zacks has outlined its take on the break-up as well with a current “Neutral” rating. ….”
Comments »Lunch Break: Charlie Bag of Doughnuts Takes His Shot at #OWS
While there may be some Marxist ans Socialistic tendencies milling about the real question is why has it come to this and what can be done to make our society even better than it is….
Comments »Survey Says Consumers Will Switch Banks Over Excessive Fees
WRIST, MEET SLAP: Citigroup to Pay $285 Million in SEC Settlement Over Mortgage Securities
Graphic Info Chart Porn For #OWS
#OWS Will Not Go Away or Be Discredited
A peaceful protest can not be disbanded….
[youtube://http://www.youtube.com/watch?feature=player_embedded&v=Tj8UlxhfJLw#! 450 300] Comments »The Great Divide Between 1 and 99
The debate goes on as to whether America has allowed for inequality to grow…
Comments »Bank of America Moves Derivatives From Merrill’s Books to a Insured Deposit Subsidiary
Do S&P 500 Stocks Have a Reason to Correlate to the Euro ?
We live in a global economy and if Europe’s banks or the Euro were to crash and burn I would say it would have a dramatic effect of equities worldwide.
RBC is asking if there is a logical reason for such a high correlation.
Comments »Visa Increases Dividend by 47%
UAW Approves Labor Deal With Ford Motor Company
SEC Begins a Wide Probe of the ETF Universe
Upgrades and Downgrades This Morning
Upgrades
KO – Coca-Cola upgraded to Overweight from Neutral at HSBC
WAG – Walgreens initiated with a Neutral at Mizuho
CVS – CVS Caremark initiated with a Buy at Mizuho
INTC – Intel target raised to $34 from $32 at Stifel Nicolaus
CMG – Chipotle Mexican Grill initiated with a Neutral at UBS
RRC – Range Resources target raised to $90 from $75 at Stifel Nicolaus
CVGW – Calavo Growers upgraded to Buy from Hold at BB&T
APC – Anadarko Petro initiated with an Overweight at Morgan Stanley
LVS – Las Vegas Sands added to Key Call List at UBS
FOSL – Fossil initiated with Buy at Citigroup
TJX – TJX upgraded to Buy from Hold at ISI Group
CP – Canadian Pacific upgraded to Neutral from Underperform at BofA/Merrill
ROST – Ross Stores upgraded to Buy from Sell at ISI Group
Downgrades
BID – Sotheby’s initiated with a Neutral at Citigroup
CLI – Mack-Cali Realty downgraded to Hold from Buy at ISI Group
JNPR – Juniper Networks downgraded to Market Perform from Outperform at Wells Fargo
LNKD – LinkedIn initiated with a Neutral at Lazard
JBHT – JB Hunt Trans downgraded to Neutral from Buy at Suntrust
HSP – Hospira downgraded to Hold from Buy at Capstone
RNOW – Rightnow Tech downgraded to Hold at Stifel Nicolaus
LNCE – Lance downgraded to Hold from Buy at BB&T
RRC – Range Resources downgraded to Sell from Hold at Canaccord Genuity
PWAV – Powerwave downgraded to Hold from Buy at WJB Capital
CHD – Church & Dwight downgraded to Underperform from Outperform at Credit Agricole
Comments »Gapping Up and Down This Morning
Gapping up
HA +11.8%, KO +0.6%, ELN +1.9%, URI +9.2%, USAT +8.7%, FOSL +0.6%, ISRG +7.4%, FSII +4.7%, ABT +9.6%
INTC +4.0%, GLNG +3.3%, WMB +1.9%, ING +3.7%, LYG +3%, DB +1.2%, HBC +0.8%, ISRG +8%, FSII +4.7%,
Gapping down
PWAV -34.9%, CWTR -14.4%, JAG -6.7%, AAPL -5%, CREE -4.5%, LLTC -4.4%, BIP -3.8%, JBLU -2.6%,
RIO -1.8%, BRCM -1.5%, MAIN -1.5%, BHP -1.4%, CSX -1.1%, RIO -1.8%, SLV -1.4%, GLD -1%, GLD -0.9%,
MT -0.9%, AEM -7.2%, ALU -6.5%, ONNN -5.7%, ERIC -4.6%, ARMH -2.5%, JBLU -2.6%, JBLU -2.6%, RRC -3%,
GS -0.7%,
Comments »In Play and On the Wires
CPI: Prior 0.4%, Market Expects 0.3%, Actual 0.3%….Housing Starts: Prior 571k, Market Expects 595k, Actual 658k
Bank Woes Continue As Regulation Seeks to Crack Down on Commodity Speculation
Banks say this is a feeble attempt to control soaring commodity prices.
Others say this regulation will help to keep a free market system free.
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