Market Minute: Waiting for Bernanke on Stimulus Wrap-Up
The Case Against Credit Cards: Overspending, Obesity, Inequality
Analyst Upgrades
- Expedia (EXPE) to buy from hold at Citigroup.
- Weatherford (WFT) to outperform from market perform at Wells Fargo.
- Abercrombie & Fitch (ANF) to buy from neutral at BofA/Merrill.
- MDC Holdings (MDC) to outperform from neutral at Credit Suisse.
- AutoNavi (AMAP) to buy from neutral at Goldman.
- Ciena (CIEN) and Nvidia (NVDA) to neutral from underweight at JPMorgan.
- Canadian Pacific (CP) to outperform from market perform at Raymond James.
- First Midwest (FMBI) and Quiksilver (ZQK) to buy from hold at Jefferies.
- Sonic (SONC) to neutral from negative at Susquehanna.
- MIPS Technologies (MIPS) to buy from hold at Benchmark Co.
- Arrow Electronics (ARW) and Avnet (AVT) to buy from hold at Stifel Nicolaus.
Analyst Downgrades
- Chipotle Mexican Grill (CMG) to underperform from hold at Jefferies.
- Bed Bath & Beyond (BBBY) to perform from outperform at Oppenheimer.
- Qualcomm (QCOM) and Vertex (VRTX) to market perform from outperform at BMO Capital.
- Zhongpin (HOGS) to neutral from buy at Roth Capital.
- IntercontinentalExchange (ICE) to neutral from outperform at Macquarie.
- Petrohawk Energy (HK) to market perform from outperform at Morgan Keegan.
Analyst Initiations
- Liberty Global (LBTYA) with a buy rating and Virgin Media (VMED) with a neutral at Nomura.
- Demand Media (DMD) with a hold at Citigroup.
- TranS1 (TSON) with an overweight at First Analysis.
- Trina Solar (TSL) with a buy at Brean Murray.
- Celgene (CELG) with a hold at Canaccord.
- Isle of Capri (ISLE) and Synovus (SNV) as buys at CRT Capital.
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
