All Blog Posts Tagged 'smfstreet' (12)

Early Floor Talk: Futures holding a modest bid ahead of jobs data Futures are slightly higher (S&P futures +2 vs. fair value; DJ futures +30), but are likely to see volatility around the release of the June Employment Report at 8:30 ET. Expectations are that Nonfarm Payrolls will increase by 80K and that the Unemployment Rate will remain at 9.1%. Yesterday's better-than-expected ADP report bolstered expectations for today's data and the S&P is now up 6.7% over the past eight trading… Continue

Early Floor Talk: Modest bid ahead of data U.S. equity futures are showing modest gains this morning, with S&P futures +5 vs. fair value and DJ futures +32. The strength follows a mixed performance in overseas markets, with most Asian markets closing with losses while the major European are higher at their mid-day. Asian markets were under pressure in response to yesterday's Chinese rate hike (Nikkei -0.1%, Hang Seng -1.0%, Shanghai Comp -0.6%). In Europe, stocks are higher (FTSE +0.4%, DAX… Continue

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Ticonderoga notes ATSC-M/H (Advanced Television Systems Committee) Mobile Digital TV could increasingly become available in high-end smartphones in the future and firm believes the next generation AAPL iPhone 5 represents an attractive candidate for this feature. Additionally, an embedded pico projector allows users to project a slide presentation or video on a wall or other surface area in large size, which makes sense for the iPhone 5 in its view as AAPL seeks to expand the features in… Continue

Upgrades:

Essex Property Trust (ESS 110.84) upgraded to Outperform from Sector Perform at RBC Capital

Host Hotels (HST 16.48) and Home Properties (HME 53.59) upgraded to Outperform from Sector Perform at RBC Capital

Tyson Foods (TSN 15.83) upgraded to Neutral from Sell at Goldman

LabCorp (LH 82.03) upgraded to Buy from Hold at Deutsche Bank

Sapient (SAPE 11.93) upgraded to Outperform from Market Perform at Wells Fargo

Essex Property Trust (ESS…

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Google: Investor reaction to potential Groupon purchase creates buying oppty -

Oppenheimer (555.71)



Oppenheimer notes that yesterday, GOOG shares declined 5%, representing $8.5

bln of value, as investors reacted to press reports (All Things Digital & New

York Times), suggesting Google is in discussions to purchase the local

marketing firm, Groupon, for $6 bln. Groupon has reinvented promotions and

pre-paid coupons for local businesses, growing from an…

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The following are today's most active stocks ranked by volume and relative volume, categorized by sectors (over $300 mln market cap and 100K average daily volume).

Today's top 20 volume

Technology: MSFT (31.92 mln +0.1%), STX (25.92 mln -3.1%), CSCO (21.02 mln -1.03%), S (19.21 mln -1.57%), INTC (17.91 mln -0.84%), RIMM (17.11 mln +6%), MU (12.12 mln -3.83%)

Services: SIRI (19.93 mln -1.07%), EBAY (12.27 mln -3.8%)…

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Asian markets closed mostly lower on European debt fears, and the possibility that a rate hike in China could slow the region's growth. China's State Council announced it would announce new measures to control price speculation, leading many to believe an interest rate hike may soon be in the cards. The Shanghai Composite ended trading at a seven-week low. India announced Q2 GDP registered 8.9%, better than the year ago 8.7%. Looking at the currencies...the yuan closed weaker at 6.6673…

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Upgrades:

Integrated Silicon (ISSI 7.57) resumed with a Buy from Hold Auriga U.S.A; tgt $9 saying the co has reduced its commodity memory exposure and is focused on driving differentiation through providing specialty products to thousands of customers.

Research in Motion (RIMM 58.99) upgraded to Buy from Hold at Jefferies

Downgrades:

Shanda Interactive (SNDA 40.00) downgraded to Hold from Buy at Auriga U.S.A; tgt lowered to $41 from $51 following earnings.…

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Seagate Technology Terminates Private Equity Discussions and Announces Share Repurchase Authorization; Announces $2 bln share repruchase; Sees Q4 revenue of $2.7 bln, consensus $2.698 bln (13.86 -0.03) -Update-

Co announced its board of directors terminated discussions with private equity firms regarding a going private transaction, principally because it determined that the indications of the valuation range were not in the best interest of the company and its shareholders. As…

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Co announced new data on investigational compounds in its hematology portfolio will be presented at the 52nd Annual Meeting of the American Society of Hematology (ASH) in Orlando, December 4-7. Key highlights include results from a Phase 3 study, called the BELA (Bosutinib Efficacy and safety in chronic myeloid LeukemiA) study, involving bosutinib for the treatment of newly diagnosed Philadelphia chromosome positive (Ph+) chronic myeloid leukemia (CML). The company will also present…

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Black Friday sales were little changed, rising 0.3 percent, from last year, as U.S. retailers’ efforts to lure customers by opening early failed, ShopperTrak said.



The early holiday sales and promotions boosted sales and traffic for the first two weeks of this month through Nov. 13 by 6.1 percent and 6.2 percent, respectively, ShopperTrak said in a statement on its Website.

Shoppers nationwide spent $10.69 billion yesterday, Bill Martin, founder of Chicago-based research firm… Continue