ETFs Are Being Called the New CDOs
Personally i like ’em. Especially triple leverage. Just remember trading momentum vehicles.
Comments »Fannie and Freddie Regulator To Raise Fees Government Mortgage Backing
More fees and a potential shift of risk to the private sector are what’s being touted to reform quasi government entities…
Comments »SEC Proposes Banks Can Not Take Positions Against Clients For One Year
How about not go against your clients ever. If the entity does then it should be a separate corporation in separate locations as to avoid the breaking of the Chinese wall….
Comments »A Look at Small Business and Employment
Problems for small biz are not atypical. Much more needs to be done to get people hired in the U.S.
Maybe that’s why family business does so well.
Comments »A New Twist in The Solyndra Debacle
Upgrades and Downgrades This Morning
Upgrades
DMND – Diamond Foods upgraded to Outperform from Market Perform at Northland Securities
BEAV – BE Aerospace upgraded to Buy from Neutral at UBS
MU – Micron upgraded to Neutral from Sell at Goldman
BRCM – Broadcom upgraded to Outperform from Market Perform at William Blair
CAH – Cardinal Health upgraded to Buy from Hold at Citigroup
CF – CF Industries initiated with a Hold at Citigroup
TDC – Teradata initiated with a Buy at Mizuho
SU – Suncor Energy upgraded to Overweight from Equal Weight at Barclays
WCRX – Warner Chilcott upgraded to Buy from Neutral at Goldman
MCK – McKesson upgraded to Buy from Hold at Citigroup
CLD – Cloud Peak Energy upgraded to Overweight from Equal Weight at Morgan Stanley
Downgrades
CAT – Caterpillar downgraded to Outperform from Strong Buy at Raymond James
UBS – UBS AG downgraded to Hold from Buy at Collins Stewart
LRCX – Lam Research downgraded to Neutral from Buy at Goldman
AMD – Advanced Micro downgraded to Neutral from Buy at Nomura
RENN – Renren initiated with an Underperform at Macquarie
CPT – Camden Property downgraded to Neutral from Buy at UBS
GR – Goodrich initiated with a Hold at Keybanc
PEP – PepsiCo downgraded to Underperform from Outperform at Credit Agricole
AIR – AAR Corp target lowered to $26 at Wedbush
FRX – Forest Labs downgraded to Sell from Neutral at Goldman
TIVO – TiVo downgraded to Average from Above Average at Caris
HIW – Highwoods Prop downgraded to Hold at Stifel Nicolaus
Comments »Gapping Up and Down This Morning
Gapping up
AUY +1.8%, GOLD +1.7%, GFI +1.7%, SVM +1.6%, NGD +1%, LEN +1.4%, GR +20.6%, WR +1.5%, DVAX +8.6%,
TYC +3.5%, SGMO +3%, WR +1.5%, AEM +0.8%, ABX +0.7%, SLW +0.7%, GLD +0.5%
Gapping down
JKS -11% , BHP -3.1%, ART -5.7%, BBL -4.1%, LYG -7.2%, HBC -3.2%, UBS -2.4%, CS -5.1%, CAT -2.2%, BBVA -5.0%, AMAT-3.6%, TOT -2.8%, AMD -2.8%, RDS.A -2.5%, SDRL -3.9%, NOK -3.8%, TEF -3.8%, VALV -23.9%, PEP -1%, E -7%, BP -2.5%, UBS -2.4%, DB -1.9%,MT -5.9%, CS -5.1%, FRX -2.4% , RIO -4.3%, SAP -4.3%,
Comments »In Play and On the Wires
Meredith Whitney Whistles a Bullish Tune
A Simple Twist of Fate ? Rogue Trader Renews Banking Reform
FLASH: United Technologies Exploring a Bid for Goodrich
On Friday it was reported by Reuters that UTX was arranging financing for an acquisition. Today sources say they are considering a purchase of Goodrich Corp.
Comments »General Motors and Big Union Agree on New Four Year Contract
General Motors Co. and the United Auto Workers, sobered by the government bailoutand bankruptcy just two years ago, agreed on a new four-year contract without the public acrimony or strikes that have plagued the talks in the past.
Details weren’t released, but the union said the deal reached late Friday includes some of its major goals, including improvements in profit-sharing, promises of new jobs and better health care benefits. The deal will serve as a template for contracts that still must be negotiated with Chrysler Group LLC and Ford Motor Co., setting the pay and benefits for 112,500 U.S. auto workers. It also will set the bar for pay and benefits at nonunion auto companies and other industries across the country.
Comments »Flash: United Technologies Buys Goodrich
Price rumored to be $110-125
Comments »The SEC and FINRA Focus on High Frequency Trading
No real substance here other than a look into algorithms and hedge fund trading.
They want to “protect” the investing public….
Comments »Upgrades and Downgrades This Morning
Upgrades
EBAY – eBay upgraded to Outperform at Wedbush
C – Citigroup initiated with a Market Perform at Wells Fargo
RBS – Royal Bank of Scotland upgraded to Add from Neutral at WestLB
AMTD – TD Ameritrade upgraded to Buy from Hold at Citigroup
FLS – Flowserve upgraded to Buy from Neutral at UBS
CLR – Continental Resources upgraded to Add from Neutral at Capital One Southcoast
BCR – C.R. Bard initiated with a Mkt Perform at Rodman & Renshaw
AWAY – HomeAway initiated with an Equal Weight at Barclays
OZRK – Bank of the Ozarks initiated with a Neutral at Suntrust
TSCO – Tractor Supply initiated with a Buy at Keybanc
MDVN – Medivation initiated with an Outperform at William Blair
SCHW – Charles Schwab initiated with an Equal Weight at Evercore
KALU – Kaiser Alum initiated with a Buy at Stifel Nicolaus
WLL – Whiting Petroleum upgraded to Strong Buy from Add at Capital One Southcoast
Downgrades
AIXG – Aixtron downgraded to Neutral from Buy at BofA/Merrill
WBMD – WebMD Health initiated with an Underweight at Barclays
SWK – Stanley Black & Decker assumed with a Neutral at JP Morgan
DNDN – Dendreon initiated with an Underperform at William Blair
VPRT – Vistaprint initiated with an Equal Weight at Barclays
RIMM – Research In Motion downgraded to Underperform from Sector Perform at Pacific Crest
VECO – Veeco Instruments downgraded to Neutral from Buy at Lazard
WSO – Watsco downgraded to Sell from Neutral at UBS
ADBE – Adobe Systems downgraded to Market Perform from Outperform at JMP Securities
NFLX – Netflix downgraded to Average from Above Average at Caris Downgrades
Comments »Gapping Up and Down This Morning
Gapping up
AIR +1.5%, BCS +4.4%, RBS +3.1%, YHOO +1.7%, PLUG +7.6%, TTM +3.1%, DB +2.9%, TXN +1.6%, DMND +1.3%, HBC +1.1%,
NDN +15.6%, WMGI +3.6%, ING +2.9%, MCP +3.9%, CS +2.6%, TTM +3.1%, UBS +1.4%, DB +1.1%, TXN +1.1%,HBC +0.7%,
RPXC +1.9%, AMTD +3.4%, GILD +1.7%,
Gapping down
RIMM -20%, PCX -7.8%, DNDN -1.1%, CBE -5.8%, SDRL -1.2%, SD -1.2%, WFT -1.0%, BP -0.8%, BWEN -19.8%, TRH -2.3%, KCI -0.9%, BAC -0.8%, ADBE -2.2%,
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