Lilly said not being able to sell a key critical drug will hurt earnings. Stock is down 3.5%…
Comments »Monthly Archives: January 2012
Macy’s Boosts Profit Guidance and Doubles Dividend
FLASH: CRACK SPREADS EDGE HIGHER
+1.3% to $18.37.
Comments »FLASH: SHARES OF UNICREDIT PLUNGE AGAIN
-14%
Comments »Upgrades and Downgrades This Morning
AstraZeneca PLC (NYSE: AZN) Cut to Underweight at JPMorgan.
BlackRock, Inc. (NYSE: BLK) Cut to Neutral at Stern Agee.
Broadcom Corp. (NASDAQ: BRCM) Reiterated Buy with $46 price target at Argus.
Constellation Energy Group, Inc. (NYSE: CEG) Cut to Neutral at Citigroup.
Consolidated Edison Inc. (NYSE: ED) Cut to Neutral at Citigroup.
eBay Inc. (NASDAQ: EBAY) Reiterated Buy with $40 price target at Argus.
LM Ericsson Telephone Co. (NASDAQ: ERIC) Cut to Neutral at Credit Suisse.
Exelon Corporation (NYSE: EXC) Cut to Neutral at Citigroup.
Google Inc. (NASDAQ: GOOG) downgraded to Hold at Benchmark; Raised targets at boutique firm Global Equities Research.
Netflix, Inc. (NASDAQ: NFLX) Maintained Underperform and cut estimates at Needham.
Nokia Corporation (NYSE: NOK) Raised to Outperform at Credit Suisse (full summary).
Pacific Sunwear of California Inc. (NASDAQ: PSUN) Raised to Buy at Janney Capital Markets.
ReneSola Ltd. (NYSE: SOL) named as the Bear of the Day at Zacks Investment Research.
SAP AG (NYSE: SAP) Raised to Neutral at BNP Paribas.
Sanofi (NYSE: SNY) Cut to Neutral at JPMorgan.
Trinity Industries, Inc. (NYSE: TRN) named as value stock of the day at Zacks.
United Parcel Service, Inc. (NYSE: UPS) Cut to Neutral at HSBC.
VIVUS Inc. (NASDAQ: VVUS) Started as Perform at Rodman & Renshaw.
VMware Inc. (NYSE: VWM) Started as Buy at Stern Agee.
Gapping Up and Down This Morning
Gapping Up
NOK +3.3%,WDC +2.9%, IRWD +2.5%, FNSR +2.3%, ALXN +1%, OCLR +12.2%, ZUMZ +10.1%, STX +7%, NOK +4.3%,
MRVL +2.2%, ULTA +5%, JDSU +1.6%, FNSR +1.3%, MON +1.1%, MOS +0.7%, SODA +12.6%, GALE +13%
Gapping Down
SNY -2.9%, DB -6.8%, CSE -1.4%, PLL -1.4%, BBVA -4.7%, STD -4.5%, BHP -2.7%, BBL -2.5%, TOT -2.4%, AZN -2.2%,
MT -2.3%, VOD -2.2%, RIO -1.7%, C -1.5%, YHOO -1.5%, CCL -1.3%, SAM -1.4%, RPRX -1.2%, BAC -1.2%, VALE -1.7%
UBS -3.3%, ING -1.9%, C -1%
Comments »In Play and On the Wires
FLASH: European Sovereign Bond Yields are Higher
Pepsi Considers 4k Job Cuts
KPMG May Send MF GLobal Cash Back To Clients by the End of This Month
Monsanto Earnings Beat Estimates
Initial Claims: Prior 381k, Market Expects 375k, Actual 372k From a Revised 382k….Futures React Positively
Continuing claims: Prior 3601k, Actual 3595k
Comments »Estimates for Alcoa, AA, Have Cratered; Net Income Estimates are Down 94%
The Challenger Jobs Report Estimates a 31% Increase in job Cuts
U.S. Imports Rise the Most in Six Months
Service Industry Data Expands More Than Expected in the U.K.
European Banks Tank; Story on Unicredit, Deutsche Bank, & Commerzbank
Retail Sales Fall in Germany as Consumers Play it Safe With Savings
Germans kept a tight hold on savings sending retail sales down for a second month.
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