Of course the past does not predicate the future, but sometimes you will see history repeating itself…
If we can draw anything; it may be a final bottom is very near.
Comments »First Solar, $FSLR, Loses $1.9 Billion Loan From the Feds
FSLR failed to meet some requirements and the Solyndra debacle probably does not help.
Comments »Solyndra Executives Plead the 5th Amendment
Upgrades and Downgrades This Morning
Upgrades
TXN – Texas Instruments upgraded to Above Average from Average at Caris
PPDI – PPD Inc. resumed with an Outperform at Wells Fargo
NKE – Nike target raised to $100 at FBR Capital
PCLN – Priceline.com initiated with an Outperform at Macquarie
TMO – Thermo Fisher resumed with Buy at Goldman
WX – WuXi PharmaTech initiated with an Outperform at Wells Fargo
XLNX – Xilinx initiated with an Outperform at William Blair
UA – Under Armour initiated with a Buy at Argus
RMBS – Rambus initiated with an Overweight at JP Morgan
SPWRA – Sunpower upgraded to Hold at Brigantine
FIO – Fusion-io initiated with a Buy at Stifel Nicolaus
ICLR – ICON plc resumed with a Market Perform at Wells Fargo
PPG – PPG Industries initiated with a Neutral at UBS
DFS – Discover Financial Services target raised to $35 from $33 at RBC Capital Mkts
TKC – Turkcell upgraded to Neutral from Sell at Goldman
TSS – Total System upgraded to Outperform from Market Perform at JMP Securities
CVD – Covance resumed with an Outperform at Wells Fargo
YOKU – Youku.com upgraded to Positive from Neutral at Susquehanna
ALTR – Altera initiated with an Outperform at William Blair
IR – Ingersoll-Rand initiated with a Buy at Jefferies
EXPE – Expedia initiated with Neutral at Macquarie
Downgrades
VIP – VimpelCom added to to pan-Europe Sell List at Goldman
ADM – Archer-Daniels initiated with a Neutral at Goldman
CAVM – Cavium Networks downgraded to Hold from Buy at Deutsche Bank
PEP – PepsiCo downgraded to Hold at Stifel Nicolaus
Comments »Gapping Up and Down This Morning
Gapping up
TQNT +2.7%, P +2.5%, RLRN +2.2%, AMAC +63.8%, TIBX +3.7%, DRYS +3.4%, PAA +3.3%,MOTR +12.4%, DANG +1.6%, CTAS +1.4%, CLX +1.2%,
CLNE +6%, NKE +5.4%, FINL +5.3%, MCP +5%, PAL +4.4%,
Gapping down
TOT -3.3%, RIO -4.2%, SDRL -3.7%, SI -3.3%,RDS.A -2.7%, TDW -2.6%, CAVM -11.9%, PIP -8.2%, BBL -2.3%, GLD -2.1%, BHP -2%, BP -2%, GDX -1.3%, AEM -1.2%, SLV -7.4%, MT -6.2%,
Comments »
In Play and On the Wires
Chanos is Smiling From Ear to Ear Being Long Corruption and Short Property
BofA Takes a 20-25% Haircut on the Sale of a Commercial Mortgage Portfolio
Do not be too worried as it is only a 1/4 billion dollar hit…but it begs the question of why now when the company is supposedly in a “good” cash position?
Comments »Check Out How El-Erian Measures the Health of a Bank
Meg Whitman Officially In as HP CEO
A Goldman Note on what Companies Will Get Crushed With U.S. Austerity
Citigroup Funds Analytic and Predictive Software Company Silver Tail Systems
Oracle Purchases Go Ahead Software
Upgrades and Downgrades This Morning
Upgrades
NFLX – Netflix upgraded to Outperform at Wedbush
LULU – lululemon athletica initiated with a Buy at Argus
TEVA – Teva Pharma resumed with a Buy at Goldman
GIS – General Mills target raised to $44 from $40 at Stifel Nicolaus
BMY – Bristol-Myers upgraded to Buy from Neutral at Goldman
STJ – St. Jude Medical initiated with a Buy at Kaufman Bros
GSK – GlaxoSmithKline upgraded to Neutral from Sell at Goldman
RHT – Red Hat target raised to $50 from $48 at RBC Capital Mkts
SYK – Stryker upgraded to Buy from Hold at Citigroup
HNZ – HJ Heinz initiated with a Buy at Jefferies
INTC – Intel upgraded to Buy from Neutral at BofA/Merrill
BRCM – Broadcom upgraded to Market Perform from Underperform at JMP Securities
LVS – Las Vegas Sands tgt raised to $59 from $52 at Goldman
Downgrades
YOKU – Youku.com removed from Conviction Buy List at Goldman
JNJ – Johnson & Johnson downgraded to Neutral from Buy at Goldman
PG – Procter & Gamble downgraded to Neutral from Buy at SunTrust
UA – Under Armour downgraded to Hold at Needham
MLNX – Mellanox Tech reinstated with a Neutral at Credit Suisse
CVS – CVS Caremark initiated with a Hold at Deutsche Bank
BMO – Bank of Montreal downgraded to Underperform from Sector Perform at Scotia
MDU – MDU Resources initiated with a Hold at Capstone
CPRT – Copart target lowered to $42 from $45 at RBC Capital Mkts
WPI – Watson Pharm resumed with Conviction Buy at Goldman
URBN – Urban Outfitters downgraded to Underperform at Wedbush
WCG – WellCare Group target lowered to $55 from $57 at Stifel Nicolaus
Comments »Gapping Up and Down This Morning
Gapping up
YHOO +1.4%, MLHR +11.5%, INTU +1.3%, HNZ +0.9%, NFLX +0.6%, TNH +4.3%, GR +7.8%, MOS +2.2%,
RHT +6.5%, MOS +2.2%, BBBY +1.7%,
Gapping down
do you even have to look at this category given the futures and world market performance ?
