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October 10, 2012
The Beige Book could jostle afternoon trading, especially commentary on employment or consumer spending.
Notable earnings after Wednesday’s close:
OCZ
Notable earnings before Wednesday’s open:
COST, HST,PGR
Watchlist: LLY PAY STZ NFLX CTXS WLT YUM SBUX EBAY MPC CLF CNX TSO PNR PETM GG LVS KORS COH SRPT NEM
(Some stocks on the list may be 'hard to borrow', please check with your broker)
Economic Calendar:
Richard Fisher Speaks4:45 PM ET
Upgrades and Downgrades ARMH, OFC, DLTR, D, FDX, HR, HD, IMAX, JCI, MTB, OC, QCOM, SAP, SFLY, SKYW, TE, THOR, TYC, VIA, ZNGA, FITB, USB, C, JPM, USB
(NASDAQ: ARMH) started as Neutral at Credit Suisse.
(NYSE: OFC) raised to Neutral at BofA/ML.
(NASDAQ: DLTR) raised to Outperform at Wells Fargo.
(NYSE: D) raised to Outperform with $59 target at Credit Suisse.
(NYSE: FDX) reiterated Buy and raised target to $108 at BofA/ML.
(NYSE: HR) cut to Sector Perform at RBC.
(NYSE: HD) cut to Perform at Oppenheimer.
(NYSE: IMAX) started as Outperform with $28 target at Credit Suisse.
(NYSE: JCI) cut to Neutral at BofA/ML.
(NYSE: MTB) raised to Outperform with $109 target at Credit Suisse.
(NYSE: OC) cut to Neutral at JPMorgan.
(NASDAQ: QCOM) raised to Outperform at BNP Paribas.
(NYSE: SAP) cut to Equal Weight at Barclays.
(NASDAQ: SFLY) raised to Buy at Cantor Fitzgerald.
(NASDAQ: SKYW) cut to Underperform at BofA/ML.
(NYSE: TE) cut to Underperform as Bear of the Day at Zacks.
(NASDAQ: THOR) raised to Outperform as Bull of the Day at Zacks.
(NYSE: TYC) cut to Neutral at Credit Suisse.
(NASDAQ: VIA) cut to Underperform at Bernstein.
(NASDAQ: ZNGA) cut to Neutral at Piper Jaffray.
Bank of America Merrill Lynch has made several ratings changes on the U.S. banking sector. Fifth Third Bancorp (NASDAQ: FITB) was cut to Neutral from Buy on Tuesday. This morning we see that Bank of America says ahead of earnings season that it is time to increase weightings in money center banks. The bank reinstated coverage as follows: Citigroup Inc. (NYSE: C) with a Buy rating and $45 price objective and J.P. Morgan Chase & Co. (NYSE: JPM) as Buy with a $48 price objective. U.S. Bancorp (NYSE: USB) was downgraded to Neutral in the call. Yesterday Bank of America outlined the case for the great rotation into stocks and out of bonds in 2013.
Gainers, losers: http://www.marketwatch.com/search?q=movers%20shakers
Posted at: http://elvisuptown.blogspot.com
October 10, 2012
The Beige Book could jostle afternoon trading, especially commentary on employment or consumer spending.
Notable earnings after Wednesday’s close:
OCZ
Notable earnings before Wednesday’s open:
COST, HST,PGR
Watchlist: LLY PAY STZ NFLX CTXS WLT YUM SBUX EBAY MPC CLF CNX TSO PNR PETM GG LVS KORS COH SRPT NEM
(Some stocks on the list may be 'hard to borrow', please check with your broker)
Economic Calendar:
MBA Purchase Applications
7:00 AM ET
7:00 AM ET
Wholesale Trade
![[Report]](http://mam.econoday.com/images/mam/byconsensus_butt.gif)
10:00 AM ET
10:00 AM ET
4-Week Bill Auction
11:30 AM ET
11:30 AM ET
10-Yr Note Auction
1:00 PM ET
1:00 PM ET
Beige Book
![[djStar]](http://mam.econoday.com/images/mam/djstar.gif)
2:00 PM ET
2:00 PM ET
Treasury Budget
2:00 PM ET
Naryana Kocherlakota Speaks2:45 PM ET2:00 PM ETRichard Fisher Speaks4:45 PM ET
Upgrades and Downgrades ARMH, OFC, DLTR, D, FDX, HR, HD, IMAX, JCI, MTB, OC, QCOM, SAP, SFLY, SKYW, TE, THOR, TYC, VIA, ZNGA, FITB, USB, C, JPM, USB
(NASDAQ: ARMH) started as Neutral at Credit Suisse.
(NYSE: OFC) raised to Neutral at BofA/ML.
(NASDAQ: DLTR) raised to Outperform at Wells Fargo.
(NYSE: D) raised to Outperform with $59 target at Credit Suisse.
(NYSE: FDX) reiterated Buy and raised target to $108 at BofA/ML.
(NYSE: HR) cut to Sector Perform at RBC.
(NYSE: HD) cut to Perform at Oppenheimer.
(NYSE: IMAX) started as Outperform with $28 target at Credit Suisse.
(NYSE: JCI) cut to Neutral at BofA/ML.
(NYSE: MTB) raised to Outperform with $109 target at Credit Suisse.
(NYSE: OC) cut to Neutral at JPMorgan.
(NASDAQ: QCOM) raised to Outperform at BNP Paribas.
(NYSE: SAP) cut to Equal Weight at Barclays.
(NASDAQ: SFLY) raised to Buy at Cantor Fitzgerald.
(NASDAQ: SKYW) cut to Underperform at BofA/ML.
(NYSE: TE) cut to Underperform as Bear of the Day at Zacks.
(NASDAQ: THOR) raised to Outperform as Bull of the Day at Zacks.
(NYSE: TYC) cut to Neutral at Credit Suisse.
(NASDAQ: VIA) cut to Underperform at Bernstein.
(NASDAQ: ZNGA) cut to Neutral at Piper Jaffray.
Bank of America Merrill Lynch has made several ratings changes on the U.S. banking sector. Fifth Third Bancorp (NASDAQ: FITB) was cut to Neutral from Buy on Tuesday. This morning we see that Bank of America says ahead of earnings season that it is time to increase weightings in money center banks. The bank reinstated coverage as follows: Citigroup Inc. (NYSE: C) with a Buy rating and $45 price objective and J.P. Morgan Chase & Co. (NYSE: JPM) as Buy with a $48 price objective. U.S. Bancorp (NYSE: USB) was downgraded to Neutral in the call. Yesterday Bank of America outlined the case for the great rotation into stocks and out of bonds in 2013.
Gainers, losers: http://www.marketwatch.com/search?q=movers%20shakers
Posted at: http://elvisuptown.blogspot.com
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