Sales were low and inventory rise was also light.
Monthly Archives: January 2012
Smells Like May 2011—or August 2008.
FRAUD PAYS !
Reliable Source: Inflation is Subdued
Cheer Up Bears: Chart Porn To Help You Forget Days Like Today
Pimco’s El-Erian: Beware Unpredictability of Extreme Events
Freddie Will Give a Break to Unemployed Home Owners
Economists: Deflation is a Bigger Threat Than Inflation
Big Brother Keeps Tabs on Journalists
Kodak Restructures To Avoid Chapter 11
Upgrades and Downgrades
Apollo Group Inc. (NASDAQ: APOL) Reiterated Buy and raised price target to $63 from $55 at Argus.
ASML Holding N.V. (NASDAQ: ASML) Raised target at Credit Suisse.
AutoNation Inc. (NYSE: AN) Started as Neutral at Stern Agee.
Bank of America Corporation (NYSE: BAC) Cut to Underperform from Neutral at Zacks (late Monday call).
Choice Hotels (NYSE: CHH) Cut to Underperform from Neutral at Credit Suisse.
Gulfmark Offshore, Inc. (NYSE: GLF) Started as Outperform at Credit Suisse.
HSN, Inc. (NASDAQ: HSNI) Started as Buy at Stifel Nicolaus.
ICICI Bank Ltd. (NYSE: IBN) Cut to Underperform as Bear of the Day at Zacks.
Intel Corporation (NASDAQ: INTC) maintained as the top tech/semi pick for 2012 from Credit Suisse.
Macy’s Inc. (NYSE: M) Reiterated Outperform and raised target to $36 from $32 at Credit Suisse.
Motorola Mobility Holdings Inc. (NYSE: MMI) Maintained Sell at Argus.
Netflix, Inc. (NASDAQ: NFLX) Cut to Underperform from Neutral at BofA/ML.
Overseas Shipholding Group Inc. (NYSE: OSG) Cut to Market Perform at Wells Fargo.
Republic Services, Inc. (NYSE: RSG) Cut to Neutral at JPMorgan.
Ryder System, Inc. (NYSE: R) named as value stock of the day at Zacks.
SM Energy Co. (NYSE: SM) Maintained Outperform as Bull of the Day at Zacks.
Starbucks Corporation (NASDAQ: SBUX) Reiterated Buy and raised estimates at Argus.
Tidewater Inc. (NYSE: TDW) Started as Neutral at Credit Suisse.
The Walt Disney Co. (NYSE: DIS) Cut to Equal-weight at Barclays.
Xerox Corporation (NYSE: XRX) Cut to Equal-weight at Barclays.
Gapping Up and Down
Gapping up
BAC +2.1%, AA +2%, VRTS +1.9%, GLD +1.5%, GOLD +1.5%,ELX +9.6%, CRUS +8.2%, DB +5.5%, LXRX +5.2%,
UBS +3.2%, SLV +3.1%, CS +2.8%, RIO +2.4%, EOG +3%, TSCO +2%, VRTS +2.9%, LNKD +1.3%, FMCN +12.2%,
KEG +4.4%, ARNA +9.0%, BHP +2.6%, RIO +2.4%, VALE +1.8%, GLD +1.5%, MS +2.5%, GS +1.9%,
LULU +8.5%, AUO +4.5%,
Gapping down
LIZ -3.9%, OCZ -3.7%, SAP -2.5%, ARR -2.4%, HMA -1.1%, WDFC -8.2%, SMSC -7.9%, TRNO -5.3%, CMLP -4.4%,
Comments »In Play and On the Wires
Bob Janjuah: Greece Will Hard Default, And The Worst In Europe Is Yet To Come
Fitch Still Rates Italy as the Largest Risk
“LONDON—Fitch Ratings said Tuesday that among all the countries in the euro zone, Italy poses the greatest risk to the currency bloc, as the lack of a region-wide plan to prevent the crisis from spreading has been coupled with the country’s large debt burden and high borrowing costs.
The factors are a major reason why Italy’s credit rating is likely to be downgraded by the end of January, said David Riley, head of global sovereign ratings at Fitch, speaking at a conference in London.
Italy is planning to sell €440 billion ($561.67 billion) in government bonds and Treasury bills in 2012. This is a “daunting” task given its current costs of borrowing, Mr. Riley said.”
Comments »Tiffany’s Surprisingly Turns in Weak Holiday Sales
Fitch Warns of European Bank Downgrades
Record Deposits at The ECB Keep Hitting New Records
Small Business Confidence Grows in December
Optimism grew among the small business community in December as recent data has improved.
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