Annelena Lobb reports: Goldman Sachs called a dollar bottom, and even used an exclamation point in their report so investors would know they mean it. “The dollar has bottomed!” analysts wrote. Deteriorating economies outside the U.S., including the euro zone, the U.K., Scandinavia, Australia, New Zealand, and Canada, some glimpses of stability in the U.S., and lower oil prices are a...
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Washington Times FTC Proposes Rule Barring Oil ManipulationWall Street Journal- 1 hour agoGiven that the proposed rule covers the futures market — also the domain of the Commodity Futures Trading Commission — it is likely to upgrade a …FTC offers rules to fight oil market manipulation ReutersFTC rule would put and end to falsifying oil information Houston Chronicleall 18 news...
Citi shores up the housing sector.
Is the Street under-estimating the power of a coming series of product introductions from Research In Motion (RIMM)? Merrill Lynch’s Vivek Arya thinks that is a distinct possibility. Arya points out in a research note this morning that current estimates are for RIMM shipments to grow from about 6.1 million units in the August quarter to 7 million in the November quarter. But he notes that...
It’s a “bad time to buy” Adobe (ADBE) shares, Cowen’s Walter Pritchard warned investors in a research note this morning. Prirchard notes that the stock is traded at a “meaningful premium” to peers, at 1.35x the average valuation of large-cap software stocks. He says a key driver for the company will be adoption of Creative Suite 4, but that “visibility ...
See who made what calls.
The futures took a dive this morning after a hotter than expected CPI report. The S&P and Nasdaq managed to stay near their moving averages (50 and 200, respectively) yesterday. Perhaps expiration games (yes, it’s that time again) can keep them afloat today but I’m not holding my breath. On Today’s Calendar: nothing More Calendars: U.S. Earnings | Conf. Calls | Surprises ...
These are some of the top analyst upgrades and positive calls we are seeing in trading early this Thursday morning: Biofuel Energy (BIOF) Raised to Hold at Citigroup. CSX Corp. (CSX) Raised to Buy at UBS. Community Health Systems (CYH) Started as Outperform at Baird. Psychiatric Solutions (PSYS) Started as Outperform at Baird. Solera Holdings (SLH) Started as Buy at SunTrust. Universal Health S...
Research in Motion (NASDAQ:RIMM): November could be a blow-out quarter for RIM - Merrill Lynch
Thu, Aug 14, 6:27 AM ET
Merrill Lynch is out very positive on Research in Motion (NASDAQ:RIMM) reiterating their Buy rating and $170 PO on RIM, heading into a seasonally strong Sep-Dec period which also coincides with the contract renewal/device upgrade timeframe for the older Blackberry 8700 and Blackberry Pearl customers. Firm believes street expectations are low – especially for the November quarter that could feat...
Aetna, Ceradyne and Kraft were upgraded; Teppco and Delta Petroleum were downgraded.