Groupon IPO May Price $1-2 Higher
CVS Caremark Posts Higher Profits
NYSE Euronext Profits Climb 54% From Derivatives Trading
ING Cuts 10% of Their Workforce While Taking a Greek Bond Hit in Q3
BNP Paribas Saw a 72% Shortfall in Net Income
Court Ruling Allows IL to Pursue a Racially Biased Predatory Loan Lawsuit Against Wells Fargo
Tesla Motors Pops in A.H. After Releasing Earnings
Qualcomm Beats Both top and Bottom Line
Kraft Beats the Street and Guides Higher
IIF: Euro Recapitalization Has Problems and Will Cause Liquidity Crunches
Groupon iPO Well Over-Subscribed
Underwriters will stop taking indications of interest one day earlier than expected.
Prepare for an opening day surge.
Comments »RIM Now Trading Below Book
Consumer Spending Helps MasterCard’s Profits Rise 38%
Upgrades and Downgrades This Morning
Upgrades
SYY – Sysco initiated with a Market Perform at BMO Capital
FFIV – F5 Networks initiated with an Outperform at JMP Securities
SAM – Boston Beer Co upgraded to Buy from Underperform at Credit Agricole
LMOS – Lumos Networks initiated with a Strong Buy at Raymond James
WTI – W&T Offshore upgraded to Buy from Underperform at Credit Agricole
MMS – MAXIMUS initiated with an Outperform at Raymond James
SOHU – Sohu.com upgraded to Buy from Hold at Deutsche Bank
KCG – Knight Capital Group upgraded to Outperform from Mkt Perform at Raymond James
GHDX – Genomic Health upgraded to Buy from Neutral at Ladenburg
TLEO – Taleo target raised to $37 from $35 at Stifel Nicolaus
IPI – Intrepid Potash initiated with Neutrals at UBS
MON – Monsanto initiated with a Neutral at UBS
ARO – Aeropostale upgraded to Neutral from Sell at Goldman
GPS – Gap upgraded to Positive from Neutral at Susquehanna
CRI – Carter Holdings upgraded to Market Perform from Underperform at BMO Capital
OPEN – OpenTable assumed with a Buy from Hold at ThinkEquity
EOG – EOG Resources upgraded to Outperform from Market Perform at Bernstein
P – Pandora Media initiated with an Outperform at BMO Capital
ARUN – Aruba Networks initiated with an Outperform at JMP Securities
NKE – Nike upgraded to Buy from Neutral at Goldman
UA – Under Armour upgraded to Buy from Neutral at Goldman
ARMH – ARM Holdings upgraded to Outperform from Market Perform at BMO Capital
JOYG – Joy Global initiated with an Equal Weight at Morgan Stanley
PPS – Post Properties upgraded to Strong Buy from Outperform at Raymond James
ST – Sensata Tech initiated with an Overweight at Morgan Stanley
Downgrades
GEOY – GeoEye downgraded to Hold from Buy at Canaccord Genuity
INTC – Intel downgraded to Market Perform from Outperform at BMO Capital
ECA – EnCana downgraded to Neutral from Buy at BofA/Merrill
DE – Deere initiated with an Underweight at Morgan Stanley
GLW – Corning downgraded to Underweight from Neutral at JP Morgan
ANF – Abercrombie & Fitch removed from Conviction Buy List at Goldman
TXRH – Texas Roadhouse downgraded to Neutral from Outperform at Credit Suisse
OKS – ONEOK Partners downgraded to Hold at Stifel Nicolaus
XYL – Xylem initiated with a Neutral at Goldman
OSK – Oshkosh Truck downgraded to Underperform from Neutral at Sterne Agee
CCG – Campus Crest Communities downgraded to Outperform from Strong Buy at Raymond James
TNS – TNS Inc downgraded to Neutral from Buy at Suntrust
WSH – Willis Group downgraded to Neutral from Buy at Suntrust
ATML – Atmel downgraded to Buy at Needham
SAI – SAIC downgraded to Underperform from Sector Perform at RBC Capital
PX – Praxair downgraded to Hold at Argus
EXPD – Expeditors Intl downgraded to Neutral from Buy at Suntrust
CECO – Career Education downgraded to Underperform from Outperform at William Blair
THS – TreeHouse Foods downgraded to Market Perform from Outperform at Wells Fargo
DMND – Diamond Foods downgraded to Neutral from Buy at Janney Montgomery Scott
MANT – ManTech downgraded to Hold from Buy at EarlyBirdCapital
GNRC – Generac downgraded to Market Perform from Outperform at William Blair
SSW – Seaspan downgraded to Hold from Buy at Deutsche Bank
ASIA – Asia Info downgraded to Equal Weight from Overweight at Morgan Stanley
Comments »Gapping Up and Down This Morning
Gapping up
PLT +1.8%, WPRT +1.6%, AIG +1.2%, UNM +1%, FNSR +3.2%, ARMH +2.3%, SNCR +2.3%, WMB +2.2%,
HRBN +2.1%, SLV +1.8%, KTCC +12.4%, MGIC +8%, SGY +7.2%, SIMO +6.8%, FRPT +6.3%, MRGE +6.3%,
OPXT +6.2%, FIRE +5.5%, BHI +5.3%, JDSU +4.6%,
Gapping down
ACAS -3%, DYN -2.6%, ING -1.2%, BCS -1.1%, TLEO -1.1%, OPEN -14.2%, THOR -13.3%, WMGI -12.6%,
DMND -11.1%, RLOC -8.4%, CGNX -5.8%, CCUR -5.1%, SANM -4.8%, ATML -4.8%, LYG -4.6%, HAIN -4.5%,
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