Monthly Archives: November 2011
FLASH: 321 CRACK SPREADS CRUMBLING AGAIN
-3.5% to $17.6
Comments »BELGIUM 10 YR YIELDS AT HIGHEST LEVELS IN THREE YEARS
+3% to 4.61%
Comments »Spanish Yields Spike Over 6%
Goldman Goes Super Bullish on Caterpillar
A Look Ahead: A Defining Moment for 2012 as Described by Deutsche Bank’s Jim Reid
If you did not guess the ECB and the sovereign debt crisis then you are not paying attention.
Comments »Banks May Have Taken Back Debit Card Fees, But They Find New Ways to Tack on Fees
Google Said to Be Considering Driverless Car Production in the U.S.
If we can sleep, read, and work while we drive without jeopardizing safety then this would be a cool venture.
Comments »Don’t Wait For It: Turkey Rally Underway
After regaining last Wednesday’s losses the market is not reading, a PPT reading, any where near overbot when we fell from these levels.
Here is why markets are ignoring Europe’s debt woes.
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Upgrades and Downgrades This Morning
Upgrades
CSX – CSX upgraded to Buy from Neutral at Sterne Agee
PEG – Public Service target raised to $39 at Ticonderoga
MFA – MFA Mortgage initiated with a Neutral at JP Morgan
CTXS – Citrix Systems initiated with Positive at Susquehanna
SPR – Spirit Aerosystems added to U.S. 1 List at BofA/Merrill
AWH – Allied World Assurance upgraded to Overweight from Neutral at JP Morgan
MWE – MarkWest Energy upgraded to Outperform from Market Perform at Wells Fargo
NLY – Annaly Capital Mgmt initiated with an Overweight at JP Morgan
APKT – Acme Packet upgraded to Outperform from Sector Perform at Pacific Crest
CRM – Salesforce.com upgraded to Buy from Neutral at Citigroup
SNN- Smith & Nephew upgraded to Outperform from Neutral at Exane BNP Paribas
TWTC – Time Warner Tcom upgraded to Overweight from Equal Weight at Morgan Stanley
CAT – Caterpillar added to Conviction Buy list at Goldman
CL – Colgate-Palmolive upgraded to Underperform from Sell at Credit Agricole
Downgrades
COG – Cabot Oil & Gas downgraded to Neutral from Buy at Pritchard
ET – Eaton Vance downgraded to Sell from Neutral at Citigroup
KSU – KC Southern downgraded to Neutral from Buy at Sterne Agee
TSN – Tyson Foods upgraded to Overweight from Neutral at JP Morgan
DSW – DSW downgraded to Neutral from Buy at Citigroup
CBS – CBS downgraded to Neutral from Buy at Nomura
DLB – Dolby Labs target lowered to $35 at Collins Stewart
TEF – Telefonica S.A. downgraded to Neutral from Overweight at JPMorgan
PFE – Pfizer downgraded to Market Perform from Outperform at Leerink Swann
CTRP – Ctrip.com downgraded to Neutral from Positive at Susquehanna
BCS – Barclays PLC downgraded to Sell from Neutral at Goldman
AMGN – Amgen downgraded to Market Perform from Outperform at Leerink Swann
EQT – EQT Corp. downgraded to Neutral from Buy at Pritchard
MDC – MDC Holdings upgraded to Buy from Neutral at Citigroup
HSY – Hershey Foods downgraded to Hold at Argus
RNOW – Rightnow Tech downgraded to Market Perform from Outperform at JMP Securities
GMCR – Green Mtn Coffee downgraded to Hold at Argus
Comments »Gapping Up and Down This Morning
Gapping up
IBM +0.9% , BA +2.7%, GLW +1.7% , LYB +3.7%, ZIOP +18.6%, OBCI +17%, GRRF +9.4%, MCP +1.6%,
Gapping down
RIO -0.9%, GLD -0.6%, BBL -0.5%, JKS -8.5%, AU -2.9%, GOLD -1.9%, BHP -1.7%, GDX -1.1%, SLV -1%,
Comments »In Play and On the Wires
Everything You Need to Know About the Markets and the World Economy in One Presentation
U.S. Banks Release More Information on European Debt Exposure; Unfortunately Fears Have Not Been Quelled
Fears still run high despite the report as investors are concerned over the ability to hedge and potentially some off balance sheet exposure.
Comments »Moody’s Puts Penn State Bond Rating Under Review
Another potential blow for Penn State as Moody’s says the sex scandal debacle will last for years….
Comments »Deadline Looms for U.S. Debt Deal; Law Makers to Support Super Committee
150 members of congress will stand behind the super committee tomorrow to bolster support for their debt deal. The deadline for a deal is on the 23rd of November.
Congress is worried over appearances if gridlock leads to failure of passing a bill.
Comments »Lowe’s Profits Fall on Charges as Revenues Inch Higher
Lowe’s earned $0.18 a share vs $0.29 last year. The drop in profits came form a one time charge off.
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