Draghi is currently giving a press conference; he is talking about sovereign debt spillover into the real economy and that inflation is subdued.
This implies he will be much more proactive then the former piece of furniture Trichet.
Comments »
Draghi is currently giving a press conference; he is talking about sovereign debt spillover into the real economy and that inflation is subdued.
This implies he will be much more proactive then the former piece of furniture Trichet.
Comments »
Upgrades
OPEN – OpenTable upgraded to Equal Weight from Underweight at Barclays
CLH – Clean Harbors target raised to $73 from $66 at RBC
FCX – Initiated with an Overweight at Barclays
ANR – Alpha Natural Resources initiated with an Overweight at Barclays
MDT – Medtronic initiated with Outperforms at Credit Suisse
BTU – Initiated with an Overweight at Barclays
NUAN – Nuance Communications target raised to $30 at Oppenheimer
FN – Fabrinet upgraded to Buy at Collins Stewart
AKS – AK Steel initiated with an Overweight at Barclays
AEM – Agnico-Eagle Mines upgraded to Buy at Dahlman Rose
TEVA – Teva Pharma upgraded to Overweight from Equal Weight at Morgan Stanley
TEN – Tenneco initiated with Buy at Lazard
STJ – St. Jude Medical initiated with a Neutral at Credit Suisse
NTRI – Nutrisystem upgraded to Buy from Neutral at Janney Montgomery Scott
SSS – Sovran Self Storage downgraded to Hold from Buy at KeyBanc
NLY – Annaly Capital Mgmt upgraded to Outperform from Market Perform at Wells Fargo
AOL – AOL target raised to $18 from $15 at RBC
ABCO – Advisory Board upgraded to Buy at Stifel Nicolaus
TSRA – Tessera Tech upgraded to Buy from Neutral at Davenport
Downgrades
SLF – Sun Life downgraded to Underperform from Neutral at Credit Suisse
EPR – Entertainment Properties downgraded to Neutral from Buy at Janney Montgomery Scott
COL – Rockwell Collins downgraded to Underperform from Buy at BofA/Merrill
HXL – Hexcel downgraded to Neutral from Buy at BofA/Merrill
DRI – Darden Restaurants downgraded to Neutral from Buy at Janney Montgomery Scott
DNDN – Dendreon downgraded to Neutral from Buy at Goldman
CYH – Community Health downgraded to Sell from Neutral at Goldman
CNP – CenterPoint downgraded to Market Perform from Outperform at BMO Capital
HNT – Health Net downgraded to Neutral from Buy at Goldman
CLX – Clorox moving to Underperform from No Rating at BofA/Merrill
WBMD – WebMD Health downgraded to Hold at Stifel Nicolaus
CHKP – Check Point Software downgraded to Equal Weight at Morgan Stanley
RNOW – Rightnow Tech downgraded to Neutral from Overweight at Piper Jaffray
CAKE – Cheesecake Factory downgraded to Neutral from Buy at Janney Montgomery Scott
CECO – Career Education downgraded to Hold at Wunderlich
EZCH – EZchip downgraded to Neutral from Buy at Chardan Capital Markets
TDW – Tidewater downgraded to Hold at Argus
FBM – Furniture Brands downgraded to Underperform from Mkt Perform at Raymond James
Comments »Gapping up
TSLA +2.4%, CS +1.4%, BCS+1%, ANIK +15.9%, MELI +15.1%, FIO +14.1%, THQI +11.7%, HURN +9.7%,
QGEN +9.5%, QCOM +9.2%, CACI +8.8%, AEO +8.7%, Z +6.5%, ALU +5.9%, NQ +5.2%, TCAP +5%, EW +4.9%,
TS +4.7%, TSO +4.5%, WLL +4.2%,
Gapping down
FCX -2%, C -2%, CLWR -2%, IVR -1.9%, TGP -4.9%, ZIP -4.9%, PPO -4.8%, WFM -4.3%, LNC -4.2%, PRU -2.5%,
RIG -10.7%, NTRI -10.3%, HNSN -9.2%, KAMN -8.9%, SWIR -8.7%, IO -8.3%, DVAX -7.7%, INTT -6.1%, HIG -5.7%,
EDR -5.3%, DNDN -23.5%, VVTV -19.6%, ATRN -17.3%, RLD -13.7%, WBMD -12.6%, WFR -11.8%,
Comments »Turning frustration to violence diminishes your cause. Protesters turned violent in Oakland CA; police use tear gas and make arrests.
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Conflicting sources report to Reuters that nothing should be taken as reliable until an official statement is released. Rumors has flown out of Greece from Papandreou being steadfast to his resignation, to the referendum flopping altogether.
Comments »The Chinese government faces serious backlash if they help out Europe b4 taking care of China’s problems first.
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