Monthly Archives: November 2011
BHP in Focus
Dollar Update: How It May Help You Determine the Markets Direction
The Bow Tie Expects a Correction in Gold
Rogers will be extremely excited if gold corrects near $1200. He still owns gold and will not sell, but look for an opportunity to add. He also stated he owns the dollar.
Comments »Case Shiller Index of Home Prices Falls 3.9% in Q3
Tom Lee of JPM Still Insists on 1350 S&P by Year End
Unless Europe can really get something done this seems like a very unlikely target.
Comments »Seagate Technologies, $STX, Raise Guidance
Upgrades and Downgrades This Morning
Upgrades
QCOM – Qualcomm initiated with an Outperform at Scotia
JEC – Jacobs initiated with a Buy at Lazard
DNR – Denbury Resources upgraded to Buy from Neutral at Suntrust
HON – Honeywell assumed with a Buy from Neutral at Sterne Agee
KBR – KKR initiated with a Buy at Lazard
IDIX – Idenix Pharma upgraded to Outperform from Market Perform at William Blair
MTRN – Materion upgraded to Buy from Hold at Keybanc
BA – Boeing initiated with a Buy at Sterne Agee
ARBA – Ariba upgraded to Outperform at Oppenheimer
HPQ – Hewlett-Packard upgraded to Outperform from Sector Perform at RBC Capital
TGI – Triumph Group initiated with a Buy at Sterne Agee
STO – Statoil ASA upgraded to Buy from Neutral at Collins Stewart
PCP – Precision Castparts initiated with a Buy at Sterne Agee
ESC – Emeritus Corp initiated with an Outperform at JMP Securities
BEAV – BE Aerospace initiated with a Buy at Sterne Agee
SNDK – SanDisk target raised to $68 at Stifel Nicolaus
CECE – CECO Environ. resumed with a Buy at Needham
SPR – Spirit Aerosystems initiated with a Buy at Sterne Agee
SUSQ – Susquehanna Bank upgraded to Buy from Neutral at Sterne Agee
SYA – Symetra Financial upgraded to Neutral from Underperform at BofA/Merrill
VRA – Vera Bradley initiated with a Neutral at JP Morgan
Downgrades
DD – DuPont initiated with a Neutral at UBS
XLS – Exelis initiated with a Neutral at Suntrust
CCRN – Cross Country downgraded to Neutral from Buy at Suntrust
FWLT – Foster Wheeler initiated with a Neutral at Lazard
TX – Ternium S.A. downgraded to Neutral from Buy at BofA/Merrill
COL – Rockwell Collins initiated with a Neutral at Sterne Agee
ZION – Zions Bancorp downgraded to Neutral from Outperform at Macquarie
DDS – Dillard’s downgraded to Neutral from Buy at Sterne Agee
PPL – PPL Corp downgraded to Equal Weight from Overweight at Barclays
NFP – National Financial Partners downgraded to Underperform at BofA/Merrill
AHS – AMN Healthcare Services downgraded to Neutral from Buy at Suntrust
NR – Newpark Res initiated with a Hold at Canaccord Genuity
Comments »Gapping Up and Down This Morning
Gapping up
TOT +2%, BP +1.7%, YHOO +1%, IRE +5.7%, AIXG +4.7%, RIMM +3.2%, FDML +2.7%, HI +6.9%, STX +6.3%,
CEDC +6.2%, CUK +2.7%, CCL +2.7%, HPQ +1.1%, DB +2.6%, UBS +2.6%, PPG +1.2%, RIMM +3.2%,
Gapping down
RIG -4.7%, SUSS -3.6%, VALE -2.2%, SLV -1.5%, EGBN -2.2%, AG -1.2%, TIF -4.9%, RIO -1.1%,ABVA -8%
GLD -0.2%, TLAB -3.3% , DDS -1.4% ,
Comments »In Play and On the Wires
Birinyi Still Likes the Market
L.B. was incredibly bullish when the world was unraveling in early ’09 into 2010.
Last year he says he was up 16%. His picks did well.
He is still constructive on the markets and feels the bears are full of opinion. Technically the markets have room to rally, but you’ll have to be a better stock picker.
Birinyi likes the following compaies: BLK, GM, PBCT,RMS, FP, RIMM
Comments »“FDIC Sponsored Fraud”
Fed Says Leverage at Banks Has Dropped to 7:1
$200 Million of the Missing MF Global Money Turns Up at JPM in Britain
Tiffany & Co. Sees Profits Rise 63%; Company Guides Higher for Holiday Sales
American Airlines Files for Chapter 11
No agreement could be reached between the company and the pilots. So with some cash on hand it was decided to crash and burn.
Comments »Corzine Gambled $11.5 Billion on Euro Bets; Twice The Amount Disclosed to Investors
Fitch Cuts U.S. Rating Outlook to Negative
Bazooka Paulson Drops Privy Information on Financial Crisis to Hedge Fund Managers
Paulson tipped off some hedge fund mangers about the governments plans for FNM & FRE. There is no evidence the money ,managers traded on the information…..yet
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