One indicator is not enough for me, but this piece shows a potential drop coming for the markets….
Comments »Obama’s Tax Hikes Don’t Go Far Enough
He should take the first born of all millionaires to sacrifice to the owl god out in Bohemian Grove….
Comments »Tokyo May Have to Be Evacuated From Fukushima Fallout
[youtube:http://www.youtube.com/watch?feature=player_embedded&v=IBkrIgJUWLk 450 300]
Comments »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
Moody’s Reiterates a Negative Stance on States and Local Governments
Revenue collection is far better than a few years ago, but may not keep pace with falling federal support. so Moody’s remains negative.
Comments »Latest Report Shows BRICs Already Purchasing EFSF Debt
Global Equity Markets Trade in the Red as They Wait For Greece to Default
LNG Prices Reach for a Three Year High
Copper Leads The Charge in Commodity Downside Overnight
Big Banks Ask BRIC Nations To Pony Up $27.6 Billion For Greece
French and German Banks See a Curtailing of Lending to Them in the First Q
Wen Jiabao: China Will Continue to Combat Inflation
Euro Weakens and the Dollar Gains Strength as Europe Talks About Resolution
A Simple Twist of Fate ? Rogue Trader Renews Banking Reform
Get Ready for More China Ratcheting
Efforts to curb home prices have failed again. China will no doubt do some tinkering that Cramer seems to think has ended.
Doubt that since their core cpi is up and other goods and services outside of cpi are rising too.
Comments »Asian Markets Off to SSDD Malaiseville
So U.S. futures opened to the downside as the Euro had a second fall and gold is trending higher; all setting the tone in Asia. Markets were expecting something from Geithner’s visit with EU finance ministers.
Glad i sold most of my position @ Friday’s open…but hey a schizoid market can do anything; like making me eat my words by lunch tomorrow….that’s an early pre-planned lunch break.
Comments »
