Moody’s Cuts Japan’s Rating to Aa3 from Aa2

Ratings agency Moody’s Investor Service said Wednesday that it has cut Japan’s rating to Aa3 from Aa2 with a stable outlook. The agency said it made the downgrade due to the country’s large budget deficits and a build-up in government debt since 2009. Full story

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Asia stocks pushed higher Tuesday, with resource stocks and auto-makers among the best performers. Full story

Piper Jaffray is upgrading YGE to Overweight from Neutral with a $8 price target (prev. $11) noting the company solidly cemented its status as a tier 1 solar PV module supplier, as it continued to gain share through a difficult 1H11 by leveraging its low cost vertically integrated model and very strong brand recognition. Full story…

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• Gold + 24
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We believe the share price has finally found a floor after months of misexecution, delayed products, and shrinking market share. Read more…

SYDNEY (MarketWatch) — Japanese shares fell sharply in early trading on Friday, tracking steep losses recorded in the Europe and U.S. amid renewed fears about global economic growth and the health of the European banking sector. Click here for full story

“Google’s proposed $12.5 billion acquisition would leave RIM a smaller player relative to rivals, which may force it to strike an alliance with another company or sell itself to remain competitive”…Click for full story.

Long $GOOG

The New $AIG IPO, Yandex, Mango ($MSFT new OS), and more…

Net Revenues in Q1 2011 Increased by 53.4% Year-Over-Year

General Merchandise Revenue in Q1 2011 Increased by 161.6% Year-Over-Year… Read more

Q1 adj profit $0.35/ADS vs est. $0.39; Rev up at $527.3 mln vs est. $567.5 mln. Read more

Recent iBC Asshat Dick Bove downgrades $GS to sell, click here for comments

Could this be a short term bottom in $GS?

Click here for details.

Monday

• A123 Systems Inc AONE
• Activision Blizzard Inc ATVI
• Beacon Roofing Supply Inc BECN
• Blackboard Inc BBBB
• BPZ Resources Inc BPZ
• Broadwind Energy Inc BWEN
• Callon Petroleum Co CPE
• Clean Energy Fuels Corp CLNE
• Dillards Inc DDS
• Diodes Inc DIOD
• Emcore Corp EMKR
• Evergreen Energy Inc EEE
• Georesources Inc GEOI
• GMX Resources Inc GMXR
• Grand Canyon Education Inc LOPE
• Jack In The Box Inc JACK
• Magnum Hunter Resources Corp MHR
• Rosetta Stone Inc RST
• Webmediabrands Inc WEBM

Tuesday:

• Acadia Pharmaceuticals Inc ACAD
• Arena Pharmaceuticals Inc ARNA
• Atp Oil & Gas Corp ATPG
• Energy Conversion Devices Inc ENER
• Harbin Electric Inc HRBN
• Ja Solar Holdings Co Ltd JASO
• James River Coal Co JRCC
• Molycorp Inc MCP
• Rovi Corp ROVI
• STEC Inc STEC
• Zagg Inc ZAGG

Wednesday:

• 8×8 Inc EGHT
• Canadian Solar Inc CSIQ
• CISCO Systems Inc CSCO
• Macy’s Inc M
• SINA Corp SINA
• Sky mobi Ltd MOBI

Thursday:

• China New Borun Corp BORN
• Giant Interactive Group Inc GA
• Nordstrom Inc JWN

(Note: Please double check earnings date, dates are subject to change)

Total SA launched a tender offer to buy up to 60 percent of SunPower’s Class A shares and 60 percent of the Class B shares for $23.25 a share. It represents a 46 percent premium over the current price of SunPower. Click here for details

Morgan Stanley is out positive on Molycorp (NYSE:MCP) raising their Bull case to $240/share? Click here for story

We have 1000+ companies reporting this week, here are some notable ones

Chivo takes home the $1000 prize in iBC’s 3rd annual final four tournament. Click here for story