Will the year retrace this week’s action ? Goldman gives a report on what to expect.
Comments »Monthly Archives: January 2012
Upgrades and Downgrades This Morning
These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms this Tuesday morning.
Akamai Technologies, Inc. (NASDAQ: AKAM) Cut to Neutral from Buy at Janney Capital Markets.
Angie’s List, Inc. (NASDAQ: ANGI) Started as Buy at Stifel Nicolaus; Started as Perform at Oppenheimer; Started as Buy at Janney Capital Markets.
Apple Inc. (NASDAQ: AAPL) lowered price target to $513 from $530 at Morgan Keegan.
Cooper Industries plc (NYSE: CBE) Cut to Neutral from Outperform at Credit Suisse.
Fusion-io, Inc. (NYSE: FIO) Raised to Overweight at Morgan Stanley.
General Growth Properties Inc. (NYSE: GGP) Cut to Neutral from Outperform at Credit Suisse.
Guess?, Inc. (NYSE: GES) Cut to Underperform from Neutral as Bear of the Day at Zacks Investment Research.
Petroleum Development Corporation (NASDAQ: PETD) Cut to Hold at Canaccord Genuity.
PMC-Sierra Inc. (NASDAQ: PMCS) Cut to Neutral with $6 target at Goldman Sachs.
Prologis, Inc. (NYSE: PLD) Started as Outperform at Wells Fargo.
Regency Centers Corporation (NYSE: REG) Cut to Neutral from Outperform at Credit Suisse.
Reliance Steel & Aluminum Company (NYSE: RS) named as value stock of the day at Zacks Investment Research.
Under Armour, Inc. (NYSE: UA) Raised to Outperform with $90 target at Baird.
Universal Display Corporation (NASDAQ: PANL) maintained Hold and lowered estimates and target to $35 at Canaccord Genuity.
Ventas, Inc. (NYSE: VTR) Raised to Long-Term Outperform and named as the Bull of the Day at Zacks Investment Research.
Williams-Sonoma Inc. (NYSE: WSM) Cut to Sell at Janney Capital Markets.
Gapping Up and Down This Morning
Gapping up
BP +1.5%, HBC +1.3%, SAP +3.5%, MJN +3.2%, CS +3.1%, C +2.6%, MT +7.2%, NOK +6.8%, ALU +5.8%,
GDX +2.5%, BAC +2.5%, SDRL +2.2%, GLD +2%, TOT +1.7%, BHP +4.8%, BBL +4.8%, SLV +4.3%, TEVA +4.1%,
GOLD +4%, AA +4%, GFI +3.6%, CHK +3.6%, TS +5.7%, RIO +4.9%, DB +4.9%, RMBS +10.2%,
Gapping down
ORCT -20.8%, MO -3.5% , APRI -7%, TSTC -9.9%, MTG -4.8%
Comments »In Play and On the Wires
Jim Rogers Feels The Swiss France and the Euro Will Be This Year’s “Smart Currency Play”
CFO Survey: Euro Break Up is the Biggest Threat for 2012
Deloitte polled a number of CFOs in the U.K. and their biggest fears are the break up of the Euro…
Comments »BP and Halliburton Get Into a Tiff Over Who Should Pay for the Oil Spill
Sears Hires New Brass to Get on Track
“Sears Holdings Corp. hired Ron Boire, the former president and chief executive of Brookstone Inc., to lead its merchandising and retail stores for both the Sears and Kmart brands…”
Comments »Chesapeake Scores a $2.3 Billion Contract With Total SA
“PARIS (Reuters) – Oil major Total SA signed a $2.3 billion deal withChesapeake Energy Corp and EnerVest, continuing a trend of European and Asian oil and gas companies buying into U.S. shale plays.
The deal will give Total a 25 percent stake in a joint venture with the two U.S. companies in the liquids-rich Utica Shale area of eastern Ohio, the French company said in a statement on Tuesday.”
Comments »Technical Analysis Suggests The Euro Will Retrace the Lows If it Spends Time Under 1.2903
The Dollar Falls The Most Against The Euro in Two Weeks
Insane Amounts of Debt Matures This Year; Expectations are for Higher Yields
$7.6 Trillion of debt will be maturing in 2012. Japan and the U.S. account for about $5.8 trillion.
Comments »Above and Beyond Fear Oil Adds Gains on Manufacturing Data
In addition to the fear trade oil has tacked on some gains with decent manufacturing data from China and India.
Comments »The Global Economy May Just Shrug Off The European Debt Crisis
Manufacturing around the world is slowing, but is lumpy and may just be able to side step Europe’s debt problems.
Comments »China Expects Business Conditions to Remain “Relatively Difficult” This Quarter
“Chinese Premier Wen Jiabao said that business conditions may be “relatively difficult” this quarter and monetary policy will be fine-tuned as needed.
“We see downside pressure on our economy and elevated inflation at the same time,” Wen said during a trip over the past two days to Hunan province, according to a statement on the government’s website today. “We also face problems of weakening external demand and rising costs for companies.”
Comments »Hedge Funds Start 2012 With the Bidding Up of Commodities
Money managers are full of hopium that economic problems will dissipate and growth will continue to gain momentum.
Hedge funds have now increased net longs positions by 18%.
Comments »The Oil Fear Trades is on as Iran Warns U.S. Against Sending Carriers to the Persian Gulf
The head of Iran’s army warned the U.S. against sending an aircraft carrier back to the Persian Gulf after it passed through the Strait of Hormuz a week ago.
“We usually don’t repeat our warning, and we warn only once,” Ataollah Salehi was cited as saying by the state-run Fars news agency. “We recommend and emphasize to the American carrier not to return to the Persian Gulf.”
Comments »Asian Markets and U.S. Futures Go Full Retard While Europe Trades Mixed
Rumor: Fidel Castro is Dead
It certainly looks like a dark cloud hovers over all dictators.
Comments »FLASH: World Indices Start 2012 With a Pop
Asian markets are up 1-2% tonight, following a very strong European session.
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