The company earned 88% more than last year
Comments »Electronic Arts Exceeds Own Guidance; Company Earns a Nickel Per Share
Coinstar Revenues Rise 90%; Company Raises Prices…Stock Tanks in A.H.
Advanced Micro Devices Beats the Street; Stock Trades Higher in A.H.
Company reports $0.13 per share vs a loss of $0.17 last year. Revenues came in @ $1.69 bn vs consensus of $1.62 bn
Comments »Las Vegas Sands Sees a 26% Jump in Revenues
Metlife Reports a 23% Gain in Operating Income
Deckers Outdoor Company Reports a 49% Increase in Net Sales
Crox Reports a 27% Increase in Revenues
Floods in Thailand Hurt Toyota Production
Federal Judge Questions Cit’s $285 Million Settlement With the SEC
Coca-Cola Buys Great Plains Bottler
Chrysler Reports a Second Quarterly Profit and Guides Higher
Time Warner Tanks as They Miss Earnings Estimates
MF Global Looking For a Buyer on Their Brokerage Unit
Avon Products Under Investigation for Potentially Violating Bribery Laws
Exxon Crushes Estimates; Profits Up 41%
Upgrades and Downgrades This Morning
Upgrades
URBN – Urban Outfitters upgraded to Buy from Neutral at Citigroup
APKT – Acme Packet added to buy list at Deutsche Bank
CSCO – Cisco Systems upgraded to Buy from Neutral at UBS
MOS – Mosaic initiated with Sector Performs at RBC Capital
POT – Potash initiated with Sector Performs at RBC Capital
AGU – Agrium initiated with an Outperform at RBC Capital
TJX – TJX target raised to $70 from $60 at Stifel Nicolaus
HSP – Hospira upgraded to Buy from Neutral at BofA/Merrill
OC – Owens Corning upgraded to Buy at Stifel Nicolaus
CETV – Central European Media upgraded to Buy from Neutral at BofA/Merrill
NSC – Norfolk Southern target raised to $88 from $85 at Stifel Nicolaus
Downgrades
BAC – Bank of America downgraded to Equalweight at Morgan Stanley
V – Visa downgraded to Mkt Perform at FBR Capital
PNRA – Panera Bread downgraded to Neutral from Buy at Sterne Agee
PNR – Pentair downgraded to Neutral from Buy at Suntrust
CNP – CenterPoint downgraded to Neutral from Outperform at Macquarie
CVH – Coventry Health Care downgraded to Market Perform from Outperform at Bernstein
MWV – MeadWestvaco downgraded to Underperform from Outperform at BMO Capital
NEWP – Newport target lowered to $21 from $25 at Stifel Nicolaus
EAT – Brinker downgraded to Underperform from Neutral at Sterne Agee
ANN – AnnTaylor removed from Top Picks Live list at Citigroup
HCC – HCC Insurance downgraded to Market Perform from Outperform at Keefe Bruyette
POR – Portland Gen Elec downgraded to Neutral from Outperform at Macquarie
LHCG – LHC Group downgraded to Neutral from Buy at Suntrust
UBSI – United Bankshares downgraded to Hold at Stifel Nicolaus
ARX – Aeroflex downgraded to Neutral from Overweight at JP Morgan
BTU – Peabody Energy target lowered to $50 from $65 at Stifel Nicolaus
HS – Healthspring downgraded to Hold from Buy at Jefferies
PUK – Prudential Plc initiated with a Hold at Jefferies
PX – Praxair downgraded to Underperform from Buy at BofA/Merrill
DPS – Dr Pepper Snapple downgraded to Underweight from Equal Weight at Morgan Stanley
TMO – Thermo Fisher downgraded to Neutral from Buy at Lazard
FIO – Fusion-io downgraded to Hold at Stifel Nicolaus
Comments »Gapping Up and Down This Morning
Gapping up
The entire world;
NVLS +3.3%, CDNS +3.3%, HBC +3.2%, LLNW +5.2%, OTEX +5.2%, SFSF +5%, BAC +4.7%, EXXI +4.7%,
CMRE +4.3%, MS +4%, NSC +3.9%, STD +3.6%, ISIL +2.7%, DB +14.7%, AKAM +12.7%, PEIX +11.8%, ING +7.8%,
FRO +7.7%, BCS +7.6%, UBS +6.6%, DCTH +6.5%, CS +6.1%,AIXG +6%, IDCC +5.9%, RBS +5.5%, SKX +5.4%,
Gapping down
bearish portfolios
V -2.2%, LSI -2%, VALE -0.7%, LOGM -4.8%, AGNC -3.5%, GPRE -3.2%, CA -2.4%, SYMC 2.3%, ESIO 15.7%,
AXTI -15.5%, HGR -15.4%, MDR -14.6%, TQNT -13.5%, ACOM -9.2%,
SFLY -7.8%, BMC 7.4%, FOE 7.3%, EQIX -5.3%,
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