Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

The Fokker Chronicles

By

PrintPRINT


World Markets:
The inflation rate in Europe this past month fell to the lowest level in more than four years, and that has added a slight bid to equities overseas today. The CAC40 and DAX were leading the way higher in Europe by 0.67% and 0.51% respectively. The Spanish IBEX was the big gainer in Europe adding 0.85%. Asian stocks were also benefiting from positive economic data on its industrial production. The Japanese Nikkei added over 2% today while the Hang Seng gained 1.70%.

Heads-up:
Lookout later this morning for the University of Michigan confidence report and the Chicago Purchasing Mgr report. Next week the PPI, Construction Spending, ISM Manufacturing, Beige Book and February's Unemployment numbers will hit the tape. Earnings reports from Tivo(TIVO:NASD), Autozone(AZO:NYSE), Staples(SPLS:NASD), and Hovnanian(HOV:NYSE) are expected during the week.

Brokerage Chatter:

JP Morgan upgraded priceline.com(PCLN:NASD) to neutral from underweight. Jefferies upgraded Shuffle Master(SHFL:NASD) to buy from hold and increased its price to $47 from $30. JP Morgan upgraded BearingPoint(BE:NYSE) to overweight from neutral. Genentech(DNA:NYSE) had its price target raised to $150 at UBS, and to $120 at WR Hambrecht. Lehman cut their price target on Amazon.com(AMZN:NASD) to $36 from $40. Countrywide(CFC:NYSE) had its target raised to $115 at Morgan Stanley. UBS downgraded Eastman Chemical(EMN:NYSE) to neutral from buy.

Merrill Lynch upgraded JC Penney(JCP:NYSE) to buy from neutral. People Soft(PSFT:NASD) cut to sell from neutral at Merrill Lynch. Banc of America upgraded MedImmune(MEDI:NASD) to buy from neutral and raised its target to $31 from $24. UBS upgraded MetLife(MET:NYSE) to buy from neutral and raised its price target to $43 from $37. CSFB downgraded Limited(LTD:NYSE) to neutral from outperform. UBS downgraded Coca-Cola(KO:NYSE) to neutral from buy and cut its target to $55 from $58. SPX Corp(SPW:NYSE) was getting slashed by several brokers this morning, Smith Barney cut them to sell, while JP Morgan cut them to underweight and Goldman Sachs dropped SPW as well to in-line.


Financial Headlines:
Stories :

Bloomberg newswires report that a California jury cleared Intl Bus. Machines(IBM:NYSE) in worker cancer lawsuits

Talk on the street of a Yahoo!(YHOO:NASD) block trade after hours at $43.25 through Goldman Sachs. There is some speculation that it was in the 21-22 million share range.

Trimtabs report that stock mutual funds saw a $2.2 billion inflow from last Thursday through Wednesday.

Earnings:
Kohl's(KSS:NYSE) beat by .03 cents, guides slightly lower.
China.com(CHINA:NASD) beat by a penny.
McData(MCDTA:NASD) beat by a penny.
The Gap(GPS:NYSE) reported in line results.
Autodesk(ADSK:NASD) beat by .16 cents and guided higher.
Home Depot(HD:NYSE) declared a cash dividend of $0.07, and announced a 1 billion share repurchase program.
Placer Dome(PDG:NYSE) beat by $0.08.
Four Seasons(FS:NYSE) beat by $0.06.
SPX Corp.(SPW:NYSE beat by a penny.

Around the world in 80 ticks:

The Associated Press reports that Don Logan, director of Scottsdale, Arizona's diversity and dialogue office, accepted a notebook size package on delivery yesterday that exploded in his hands. The bomb had been powerful enough to shatter the nearby windows and sprayed shrapnel into the walls of the human resources building. Agents were trying to determine who was responsible and why, meanwhile Logan remained in hospital awaiting surgery from injuries sustained to his hands and forearms.

The U.S. Coast Guard told the Associated Press that over the past couple of days, the amount of Haitians fleeing their homes has escalated. Recently the Coast Guard seized boats carrying 546 people.

John Zuccarini was sentenced yesterday to 2 1/2 years in prison according to the Associated Press for registering misleading domain names on the Internet with the intent of guiding children into pornography sites.

Reuters reports that two new dinosaur species were discovered. Announced yesterday, a meat-eater and a giant plant-eater were found in Antarctica following 70 million years of resting in the ice. The remains of the herbivore in the group were about 100-feet long.

USA Today reports that the infamous Bartman ball, the foul ball caught by the Cub fan that became the goat of Chicago's post season and extended their World Series drought, was blown to shreds before hundreds of fans who sang Take Me Out to the Ball Game in a huge tent outside Harry Caray's Restaurant and a national television audience on MSNBC.



Have a great weekend.

Fokker

< Previous
  • 1
Next >
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE