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No more Government Motors. Now it's just General Motors, like back in the good old days. The GM IPO raised $20.1 billion from investors today, and the stock has maintained a price throughout the day right around $2/share higher than the $33/share IPO price. Counteracting the bullish news from GM, the US Labor Department said that initial unemployment claims rose by 2,000 last week, to a seasonally adjusted 439,000. Not real good news, but this is near the lowest unemployment level in two years and the average has fallen by about 4.2% over the past five weeks.

The news from Ireland, where the government has been moving toward agreeing to a loan to bail out the country's faltering banks, has boosted the euro, but the gains have been small because traders worry about Portugal, Spain, and Italy needing a similar dose of lending. Yields on 10-year US Treasuries rose to 2.92% on signs of improvement in the US economy and a concomitant rise in risk appetite among investors.

Dow Jones 11,181.23 +173.35 (1.57%)
S&P 500 1,196.68 +18.09 (1.53%)
Nasdaq 2,514.40 +38.39 (1.55%)

Continue reading Closing Bell: General Motors IPO Pumps Up the Markets (GM, DRYS, EXEL, HUM, LTXC)

Closing Bell: General Motors IPO Pumps Up the Markets (GM, DRYS, EXEL, HUM, LTXC) originally appeared on BloggingStocks on Thu, 18 Nov 2010 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>dryshipsExelixisgeneral motorshumanaltx-credenceThu, 18 Nov 2010 16:00:00 EST<![CDATA[Analyst upgrades, downgrades and initiations]]>http://www.bloggingstocks.com/2008/10/16/analyst-upgrades-downgrades-and-initiations/http://www.bloggingstocks.com/2008/10/16/analyst-upgrades-downgrades-and-initiations/http://www.bloggingstocks.com/2008/10/16/analyst-upgrades-downgrades-and-initiations/#commentsFiled under: , ,

Analyst upgrades:
  • Jefferies upgraded shares of Anadarko Petroleum Corporation (NYSE: APC) to Buy from Hold and raised the target to $79 from $52.50 on valuation and believes the company can use its strong cash flow position to acquire assets.
  • Baird said The Corporate Executive Board Company's (NASDAQ: EXBD) valuation is discounting a miss and that the company is well positioned as an early-cycle story with a new CFO, continued mid-market traction, and likely better than feared 2009 results. The firm upgraded shares to Outperform from Neutral and raised its target to $38 from $41.
  • Merrill upgraded Novartis AG (ADR) (NYSE: NVS) to Buy from Neutral and Sanofi-Aventis SA (ADR) (NYSE: SNY) and Shire Plc (ADR) (NASDAQ: SHPGY) to Buy from Underperform on valuation and defensive earnings.
  • Marshall & Ilsley Corporation (NYSE: MI) was upgraded to Market Perform from Underperform at Keefe Bruyette.
  • Barclays Plc (ADR) (NYSE: BCS) was raised to Hold from Sell at Citigroup.
  • Novellus Systems, Inc. (NASDAQ: NVLS) was upgraded at Soleil to Buy from Hold.

Continue reading Analyst upgrades, downgrades and initiations

Analyst upgrades, downgrades and initiations originally appeared on BloggingStocks on Thu, 16 Oct 2008 12:08:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BayerBPZ resourcesBpzResourcescubist pharmaceuticalsCubistPharmaceuticalsexelixiskhd humboldtKhdHumboldtmdu resourcesMduResourcesMSCIproctorandgamblerentrakSTMicroelectronicstelefonicavod advertisingVodAdvertisingThu, 16 Oct 2008 12:08:00 EST<![CDATA[Analyst initiations: JAVA, FTI, TPTX and EXEL]]>http://www.bloggingstocks.com/2007/09/14/analyst-initiations-java-fti-tptx-and-exel/http://www.bloggingstocks.com/2007/09/14/analyst-initiations-java-fti-tptx-and-exel/http://www.bloggingstocks.com/2007/09/14/analyst-initiations-java-fti-tptx-and-exel/#commentsFiled under: , , , ,

MOST NOTEWORTHY: Sun Microsystems (JAVA), FMC Technologies (FTI), TorreyPines (TPTX), and Exelixis (EXEL) were today's noteworthy initiations:
  • Sun Microsystems Inc (NASDAQ: JAVA) was initiated with a Market Perform at BMO Capital, which views the shares' risk/reward as favorable around $5.
  • FMC Technologies Inc (NYSE: FTI) was initiated with a Buy by Jefferies, which believes strong subsea fundamentals will drive strong earnings by the company.
  • TorreyPines Therapeutics Inc (NASDAQ: TPTX) was initiated with a Strong Buy at JMP Securities, which said PhIIb data in Q4 on the company's tezampanel drug could increase investor conviction on the first in-class drug.
  • Exelixis Inc (NASDAQ: EXEL) was initiated with a Buy by Lazard, which believes Exelixis has a promising pipeline.
OTHER INITIATIONS:

Analyst initiations: JAVA, FTI, TPTX and EXEL originally appeared on BloggingStocks on Fri, 14 Sep 2007 10:35:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ESLREvergreen SolarEvergreenSolarEXELExelixisFMC TechFmcTechFOFortune BrandsFortuneBrandsFTIJAVAResearch in MotionResearchInMotionRIMRIMMSun MicrosystemsSunMicrosystemsTorreyPinesTPTXFri, 14 Sep 2007 10:35:00 EST