http://www.thestreet.com/story/11255846/1/hp-ceo-change-pros-cons.html?kval=dontmiss
Comments »The New American Century Has Begun
Ad Sales Dropping Like a Stone At World’s Best Known Newspaper
Ad sales are a key tell on what is coming down the road if you did not already know that…
Comments »Upgrades and Downgrades This Morning
Upgardes
PPL – PPL Corp initiated with a Neutral at Credit Suisse
SM – SM Energy initiated with a Neutral at Susquehanna
HOT – Starwood Hotels initiated with a Buy at Deutsche Bank
H – Hyatt Hotels initiated with a Buy at Deutsche Bank
TOT – Total S.A. upgraded to Neutral from Underperform at Credit Suisse
WY – Weyerhaeuser initiated with a Hold at Citigroup
NOG – Northern Oil & Gas initiated with a Outperform at RBC Capital Mkts
BKI – Buckeye Tech initiated with an Outperform at RBC Capital
WYN – Wyndham Worldwide initiated with a Buy at Deutsche Bank
DOC – Ducommun initiated with a Outperform at Wedbush
INFA – Informatica upgraded to Buy at boutique firm
CHH – Choice Hotels initiated with a Hold at Deutsche Bank
Downgrades
ARUN – Aruba Networks downgraded to Neutral from Outperform at Mizuho
VRSN – VeriSign downgraded to Neutral from Overweight at JP Morgan
BBD – Banco Bradesco ADS downgraded to Neutral from Buy at Goldman
DG – Dollar General initiated with a Hold at Deutsche Bank
RGC – Regal Entertainment downgraded to Above Average from Buy at Caris
NWL – Newell Rubbermaid target lowered to $18 from $21 at RBC Capital Mkts
GET – Gaylord Entertain initiated with a Hold at Deutsche Bank
SQNS – Sequans Communications initiated with a Neutral at Chardan Capital Markets
CIB – Bancolombia S.A. downgraded to Sell from Neutral at Goldman
EOG – EOG Resources initiated with a Hold at Stifel Nicolas
BSBR – Banco EOG Santander Brasil downgraded to Neutral from Buy at Goldman
Comments »Gapping Up and Down This Morning
Gapping up
AVL +2%, CXS +7.8%, SAP +3.2%, NFLX +2.7%,RBS +2.4%, ETFC +0.9%, GIS +1.4%,OREX +63.3%,
ARNA +16.7%, ALOG +10.7%, ADBE +6.7%, VVUS +4.2%, ORCL +4.2%, SAP +3.2%, MCP +2.8%, CS +2.6%, UBS +2.5%, REE +1.7%, TOT +1.7%,
MLNX +1.2%, MCP +2.2%,
Gapping down
ANR 9.7%, PACB -5.4%, MPWR -7.8%, O -4.2%, O -2.1% , FCX -0.6%, NLY -0.7%, TSON -3.2%, NLY -0.7%, WLT -11.7%, ACI -4.6%, CAB -3.1%, LPL -1.5%, JEF -1.6%, ARUN -3.9% PCX -4.1%, TCK 3.6%, BTU 2.9%,
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In Play and On The Wires
General Mills, GIS, Beat On The Bottom Line
Adobe, ADBE, Pops on Earnings Forecasts
Oracle Expects Better Than Expected Q2 Results
Bond Trading Revenues To Be FUGLY Next Q
Sell now buy later; earnings all around should be horrible for the banking sector…IMO
Comments »GM and UAW Strike a Deal Worth 6k Jobs
Community Banks Pitch Regulators a Moratorium on Big Bank Mergers
There used to be a law that banks could not grow based on acquisition only. But Bernanke fought to supersede this law for BofA a few years back when a congressional committee questioned if BofA should be allowed to make said acquisition.
Comments »FLASH: Blockbuster to Announce Comeback, via Streaming Service, on Friday
STUDY: 30% of Netflix Users Consider Leaving
As With FB You Should Be Careful of How You Advetise yourself on LNKD
FLASH: AAPL Hits a New 52 Week High
AAPL was described as a stock to watch to determine the direction of our markets during uncertain debt woe times.
Could AAPL be signaling a recovery and little downside for U.S. markets ? ….stay tuned
Comments »Founder of Vanguard Jack Bogle: Buy Stocks and Double Your Money in Ten Years
“What I try to point out to people is the stock market moves in cycles. We had this great cycle in the 1980s, this great cycle in the 1990s, this terrible cycle in the first decade of century and on average for the three of them, it was a rather normal level, maybe a little bit above that, of 9 percent,” Bogle says.
Comments »Upgrades and Downgrades This Morning
Upgrades
CARB – Carbonite initiated with a Buy at Canaccord Genuity
TW – Towers Watson ests raised at Stifel Nicolaus
SAP – SAP AG upgraded to Outperform from Market Perform at Wells Fargo
MGM – MGM Resorts upgraded to Overweight from Equal Weight at Morgan Stanley
SBSI – Southside Banc assumed with Market Perform at Keefe Bruyette
PER – SandRidge Permanian Trust initiated with a Mkt Perform at Morgan Keegan
JPM – JPMorgan Chase initiated with an Overweight at Evercore
RL – Polo Ralph Lauren upgraded to Outperform from Neutral at Cowen
TRV – Travelers upgraded to Buy from Sell at Goldman
VMW – VMware initiated with a Buy at Merriman
PHM – PulteGroup upgraded to Buy from Neutral at UBS
CHKM – Chesapeake Midstream Partners initiated with Outperform at Credit Suisse
VC – Visteon initiated with a Buy at BofA/Merrill
AWH – Allied World Assurance resumed with a Neutral at Goldman
Downgrades
CVH – Coventry Health Care downgraded to Underperform at Wedbush
MCP – Molycorp downgraded to Neutral from Overweight at JP Morgan
PRU – Prudential target lowered to $66 at FBR Capital
AIXG – Aixtron downgraded to Neutral from Buy at UBS
LINE – Linn Energy initiated with a Neutral at Credit Suisse
TPX – Tempur-Pedic initiated with a Neutral at Goldman
FDX – FedEx ests and target lowered to $120 at Dahlman Rose
FIO – Fusion-io initiated with an Underperform at Sterne Agee
MRVL – Marvell downgraded to Market Perform from Outperform at JMP Securities
SLRC – Solar Capital initiated with a Hold at Stifel Nicolaus
AIXG – Aixtron downgraded to Underperform at Chevreux
HLS – Healthsouth downgraded to Fair Value from Buy at CRT Capital
QSFT – Quest Software initiated with a Hold at Capstone
Comments »Gapping Up and Down This Morning
Gapping up
CISG +5.3%, KONA +15%, RIO +1.9%, SNY +2%, ABX +1.5%, GOLD +1.5%, BBL +1.4%, KEX +3.7%, AEM +2.6%, HL +1.9%,
NOK +2.2%, RCL +3.4%, APD +0.5%, MGM +4%,
Gapping down
LYG -2.3%, GILD -2%, RAH -1.5%, NCT -9.7%, MLNX -3.5%, NFLX -2.6%, JAZZ -4.6%, UBS -1.1%, SLV -1%,HME -4.6%, WES -4.2%, ARAY -4.1%,
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