SunTrust analyst William Chappell is literally pounding the table on Green Mountain Coffee (NASDAQ:GMCR) saying short seller David Einhorn is utterly wrong with his short thesis on the stock. Full Story here.
S&P Cuts the Sovereign Debt Rating of Slovenia
Moody’d Warns of a Downgrading France
Economist Begin To Raise GDP Estimates
Fitch Warns on Over a Dozen Bank Downgrades
S&P Cuts Spain’s Credit Rating for a Third Time
Fitch Downgrades RBS and Lloyds
MS Analyst Downgrades World Economy From Triple -B to Triple -C
Citigroup: Goldman Might Post a 3rd Quarter Loss
Sprint shares getting crushed on capital needs
Comments »(Reuters) – Sprint Nextel shares (NYSE:S – News) fell 8 percent on Monday as analysts slashed their forecasts for the No. 3 U.S. mobile operator, which said last week that would have to raise new capital.
Sprint shares fell 20 cents to $2.21 after analysts cut their price targets for the stock and forecast free cash flow losses. S&P gave Sprint debt a “watch negative” rating.
The company discussed a costly network upgrade plan at a conference on Friday, telling investors that it would need to tap capital markets, even before accounting for big additional costs it expects from subsidizing sales of the new Apple Inc (NasdaqGS:AAPL – News) iPhone. (ID:nN1E7960J0)
UBS analyst John Hodulik estimated that Sprint would incur a free cash flow loss of $2.5 billion over the next two years and worried how it would pay for upcoming debts.
FLASH: S&P Puts Sprint, S, on Negative Watch
S&P cites a lack of liquidity for their acquisition puts them into a negative credit watch scenario. Stock down 7%
Comments »JPM Out With a Call of 1475 S&P by Years End; Explained in Charts
Funny cause this morning they said cash is better than emerging market exposure. If the S&P is going higher why would emerging markets not ? Inflation perhaps…..
Comments »FLASH: FITCH CUTS SPAIN AND ITALY’S CREDIT RATINGS
Stocks turned lower Friday after Moody’s downgraded Italy and Spain’s debt ratings, adding to ongoing jitters over the euro zone debt crisis.
The Dow Jones Industrial Average turned negative, led by BofA [BAC 5.9599 -0.3201 (-5.1%) ] and JPMorgan [JPM 31.16 -1.22 (-3.77%) ], afterlogging a three-day rally in the previous session.
The S&P 500 and the tech-heavy Nasdaq were also lower. The CBOE Volatility Index, widely considered the best gauge of fear in the market, traded near 35.
Among the key S&P sectors, financials lagged, while telecom gained.
Fitch slashed Spain’s rating to AA- from AA+, citing risks of slow growth and high regional debt, and Italy’s to A+ from AA-, adding the outlook on its long-term ratings is negative.
In Europe, German Chancellor Angela Merkel and French President Nicolas Sarkozy were split ahead of crucial summit talks over the weekend over how to strengthen European banks and fight financial market contagion to prepare for a possible Greek default.
Meanwhile, Moody’s downgraded 12 UK financial institutions, saying it sees a decreased likelihood of government support for smaller institutions in particular but specifying the move does not reflect a deterioration in the financial strength of the banking system.
Comments »Moody’s Cuts Ratings on U.K. Banks
Nomura Forecasts an Increase in Tomorrow’s Non Farm Payroll Numbers
S&P Strategists See Huge 4th Quarter Gains For Equities
Moody’s Cuts Italy 3 Notches
Bears In Emerging Markets Turn Bullish
S&P Warns of a Ratings Cut in the U.K.
Morgan Names NFLX Netflix a “long Research Tactical Idea”
They are calling a bottom here in shares of NFLX.
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