Monthly Archives: November 2011
Dollar Pares Gains As Markets Pare Losses
Government Spin Doctor Speak Clarified
GM Reports an Increase of 1.9% in Auto Sales vs Consensus of 6.9%
Italian Math
ISM Index: Prior 51.6, Market Expects 52.1, Actual 50.8
Some Are Considering MF Global as the New Lehman Event
Nomura Analyst: S&P 500 to Plunge 45% by Next Year
Upgrades and Downgrades This Morning
Upgrades
C – Citigroup upgraded to Outperform from Neutral at Credit Suisse
CAE – CAE initiated with an Outperform at Scotia
AGP – Amerigroup upgraded to Neutral from Underperform at BofA/Merrill
SFY – Swift Energy initiated with a Buy at Brean Murray
KIOR – KiOR resumed with a Neutral from Buy at Citigroup
LEAP – Leap Wireless target raised to $18 at Hudson Square Research
PPS – Post Properties upgraded to Neutral from Underweight at JP Morgan
XYL – Xylem initiated with a Neutral at Robert W. Baird
Downgrades
PANL – Universal Display initiated with an Underweight at Piper Jaffray
BCS – Barclays PLC downgraded to Neutral from Buy at UBS
TEF – Telefonica S.A. downgraded to Hold from Buy at Deutsche Bank
HL – Hecla Mining downgraded to Market Perform from Outperform at BMO Capital
TRNX – Tornier downgraded to Neutral from Overweight at JP Morgan
NUVA – NuVasive downgraded to Mkt Perform at Rodman & Renshaw
OSIS – OSI Systems downgraded to In Line at Imperial Capital
AVP – Avon Products downgraded to Hold from Buy at Jefferies
ARMH – ARM Holdings initiated with a Hold at Canaccord Genuity
RYL – Ryland Group downgraded to Hold from Buy at Keybanc
LM – Legg Mason downgraded to Sell at Ticonderoga
VOLC – Volcano downgraded to Market Perform from Outperform at JMP Securities
CRK – Comstock downgraded to Hold at Stifel Nicolaus
SKT – Tanger Factory downgraded to Hold from Buy at Jefferies
ACN – Accenture downgraded to Equal Weight from Overweight at Barclays
CHH – Choice Hotels downgraded to Neutral from Buy at Nomura
BAP – Credicorp LTD downgraded to Underweight from Neutral at HSBC
NVDA – NVIDIA downgraded to Hold from Buy at Canaccord Genuity
CP – Canadian Pacific downgraded to Market Perform from Outperform at BMO Capital
HMY – Harmony Gold initiated with a Buy at Deutsche Bank
AU – Anglogold initiated with a Buy at Deutsche Bank
Comments »Gapping Up and Down This Morning
Gapping up
NBIX+3.8%, ALLT +2.8%, RDN +17.0%, NBIX +11.8%, BPI +4.1%, LEAP +11.2%, UAN +4%, WINN +8.4%,
CXDC +7.1%, ALL +2.9%,
Gapping down
The entire world if you must look…
BHP -3.7%, HBC -2.9%, SLV -2.8%, BBL -2.7%, HLF -1.9%, REDF -1.1%, GLD -1%, BCS -7.6%, ROG -7.3%,
SIFY -6.5%, DB -6.3%, FRO -6.3%, ALU -6.3%, RBS -6.2%, MT -5.9%, LYG -5.3%, AVB -5%, UBS -4.5%, RIO -4%,
BP -3.8%, EXEL -35.3%, BGC -14.4%, ING -13.2%, CS -10.3%,
Comments »In Play and On the Wires
No Big Deal…. European Markets Down 6%
The Domino List if Greece Defaults
Fitch Suggests The Destruction of the Euro if the ECB Does Not Put a Firewall Around Greece
While they say no one can be sure what will happen if the Greek people vote no; it is not a good situation to say the least.
Comments »“Papandreou is obviously ready to take the Greek people to the abyss”
BB&T to Acquire BankAtlantic
Pfizer Beats on Better Offshore Sales
Archer Daniels Midland Misses on Higher Input Costs
Net earnings rose, but profits were curtailed by higher corn costs and lower margins in the oil seed division.
Comments »