BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Closing Bell: A wild trading day]]>http://www.bloggingstocks.com/2008/07/15/closing-bell-oil-pounce-and-vix-at-30-drive-rally-almost-but-n/http://www.bloggingstocks.com/2008/07/15/closing-bell-oil-pounce-and-vix-at-30-drive-rally-almost-but-n/http://www.bloggingstocks.com/2008/07/15/closing-bell-oil-pounce-and-vix-at-30-drive-rally-almost-but-n/#commentsFiled under: , , ,

Today was nothing short of a wild trading day and despite the levels seen at the close it is still a toss up over whether the bulls or bears won today. Merrill Lynch has said that the commodities cycle may have peaked in the first half of this year. It noted that the S&P/GSCI commodity index was up roughly 41% during the first half of 2008, which is the largest gain since the index inception. This may have only been one factor, but oil fell as much as $9.00 per barrel in the biggest one-day dollar drop since 1991. We did even briefly see the VIX hit that magic 30.0 reading. Below are the unofficial closing bell levels:

DJIA 10,961.72 (-93.47)
S&P500 1214.96 (-13.34)
NASDAQ 2215.71 (+2.84)
10YR T-Note 3.844% (-0.036%)
52-WEEK LOWS
TOP ANALYST UPGRADES
TOP ANALYST DOWNGRADES

Genentech, Inc. (NYSE: DNA) rose today despite a weak earnings report and despite it saying it was going to act like an old industrial company with a share buyback plan. Shares were up over 5% at $79.37 in todays final minutes.

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Closing Bell: A wild trading day originally appeared on BloggingStocks on Tue, 15 Jul 2008 16:12:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>commoditiesgscisectrina solarTrinaSolarTue, 15 Jul 2008 16:12:00 EST<![CDATA[Analyst initiations: North American pipeline sector, ARO and IMCL]]>http://www.bloggingstocks.com/2008/06/27/analyst-initiations-north-american-pipeline-sector-aro-and-imc/http://www.bloggingstocks.com/2008/06/27/analyst-initiations-north-american-pipeline-sector-aro-and-imc/http://www.bloggingstocks.com/2008/06/27/analyst-initiations-north-american-pipeline-sector-aro-and-imc/#commentsFiled under: , ,

MOST NOTEWORTHY: The North American Pipeline sector, Aeropostale and ImClone were today's noteworthy initiations:
  • BMO Capital initiated the North American Pipeline sector with a Market Perform rating. El Paso Corp (NYSE:EP), Williams Companies (NYSE:WMB) and Spectra Energy (NYSE:SE) were initiated with Outperform ratings and CenterPoint Energy (NYSE:CNP) and AGL Resources (NYSE:ATG) ATG were assumed with Market Perform ratings.
  • Friedman Billings believes Aeropostale (NYSE:ARO) has an impressive back-to-school floorset and that momentum should carry into the fall. Additionally, the firm, which initiated shares with an Outperform rating and $38 target, expects the company to buyback shares.
  • Thomas Weisel believes ImClone (NASDAQ:IMCL) is attractively valued as Erbitux is positioned to capitalize on a number of label-expanding opportunities and that concerns of KRAS-related revenue loss in colorectal cancer and the clinical utility of FLEX lung cancer data are overstated. Shares were assumed with an Overweight rating and $50 target.
OTHER INITIATIONS:

Analyst initiations: North American pipeline sector, ARO and IMCL originally appeared on BloggingStocks on Fri, 27 Jun 2008 12:24:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>analyst initiationsAnalystInitiationsAROATGCNPEPGSCIIMCLMFESEWNBWWWWFri, 27 Jun 2008 12:24:00 EST