It seems that every time I view my brokerage account summary and think to myself, "Wow...I'm really doing well", it is an omen of a big market turn down.
I've been thinking that way for about a week now.
Maybe 2012 being a presidential election year could extend this run. I'm sure the powers that be will be pulling out all the stops to make the markets look good for this November.
DIS - PT Lifted from $39 to $43 @ Wunderlich. Hold
NFX - Newfield Exploration downgraded to Neutral from Buy at UBS based on weak volume growth and asset underperformance. Price target lowered to $41 from $44.
SCHW - Charles Schwab upgraded to Buy from Hold at ISI Group.
WAG - Walgreen downgraded to Sell from Neutral at Citigroup after its proprietary survey of benefits managers indicated a resolution between Walgreen and Express Scripts (ESRX) is unlikely in 2012. The firm lowered its price target for shares to $28 from $35.
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Other stocks of possible interest:
AUY - Yamana Downgraded to Hold @ Dahkman Rose.
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"There’s no way to rule innocent men. The only power any government has is the power to crack down on criminals. Well, when there aren’t enough criminals, one makes them. One declares so many things to be a crime that it becomes impossible to live without breaking laws." ~ Ayn Rand
DIS - numbers boosted at Goldman. Shares of DIS now seen reaching $43. Estimates also upped, as the company is buying back more stock. Neutral rating.
GILD - numbers increased at ThinkEquity through 2013, ThinkEquity said. Company continues to see success in its pipeline. Buy rating and new $61 price target.
INTC - Maxim Group Initiates with a Buy. Target $33
DIS - Disney upgraded to Buy from Neutral at Davenport based on reduced expectations, improving employment trends, and its distributor relationship with Comcast.
CHA - China Telecom downgraded to Underperform from Neutral at Credit Suisse.
TCK - Teck Resources downgraded to Buy from Action List Buy at TD Securities citing slightly lower metal prices and higher operating costs.
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"In the end, more than freedom, they wanted security. They wanted a comfortable life, and they lost it all - security, comfort, and freedom. When the Athenians finally wanted not to give to society but for society to give to them, when the freedom they wished for most was freedom from responsibility, then Athens ceased to be free and was never free again." ~ Edward Gibbon
AET - Aetna downgraded to Buy from Conviction Buy at Goldman citing limited upside. Price target is $54.
APA - Apache initiated with an Outperform at Credit Suisse. Target $120
CMI - estimates, target raised at Credit. Suisse. Shares of CMI now seen reaching $147, according to Credit Suisse. Estimates also increased, to match the company's new guidance. Outperform rating.
CMI - Cummins numbers raised at Jefferies. Shares of CMI now seen reaching $130, Jefferies said. Estimates also raised on solid quarter. Buy rating.
CSCO - PT Lifted from $20 to $23 @ Stifel Nicolaus. Buy
DOW - estimates raised at UBS through 2013 on lower cost ethane, UBS said. Maintain Buy rating and $38 price target.
MRK - Merck downgraded to Neutral from Buy at MKM Partners.
MRK - Merck downgraded to Neutral from Buy at Davenport based on valuation and flattish earnings prospects into 2013. Price target is $40.
WHR - estimates, target upped at Keybanc. WHR estimates were boosted through 2013, Keybanc said. Company is realizing higher margins. Buy rating and new $78 price target.
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"The natural progress of things is for liberty to yield and government to gain ground." ~ Thomas Jefferson
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Today's complete Employment Situation Summary from the BLS:
JNJ - Johnson & Johnson downgraded to Market Perform from Outperform at First Global.
QCOM - Qualcomm target, estimates increased at Citigroup. Shares of QCOM now seen reaching $73, according to Citigroup. Continues to benefit from smartphone proliferation. Buy rating.
QCOM - Qualcomm estimates, target increased at Goldman. QCOM estimates were raised through 2014, Goldman Sachs said. Company is realizing higher demand and pricing. Buy rating and new $72 price target.
QCOM - PT Lifted from $75 to $77 @ FBR. Outperform
QCOM - PT Lifted from $65 to $70 @ Oppenheimer. Outperform
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"A wise and frugal government which shall restrain men from injuring one another, which shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government." ~ Thomas Jefferson
One would think that Florida, which was absolutely ravaged by the housing bubble burst, would have more sense than to send their delegates to vote for the HB&B poster boy, Mitt Romney, who also praises Ben Bernanke and the Fed.
Do Florida Oranges have a higher IQ than Florida GOP Voters?
AMZN - Amazon.com target lowered at Jefferies. Shares of AMZN now seen reaching $225, Jefferies said. Estimates also lowered on poor earnings result. Buy rating.
AMZN - numbers reduced at Goldman. Shares of AMZN now seen reaching $182, according to Goldman Sachs. Estimates also cut, as the company is realizing lower sales and higher costs. Neutral rating.
07:00 MBA Mortgage Index (-2.9%)
08:15 ADP Employment Change
10:00 ISM Index
10:00 Construction Spending
10:30 Crude Inventories
14:00 Auto/Truck Sales
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AMZN - PT Lowered from $255 to $234 @ Oppenheimer. Outperform
BRCM - Broadcom downgraded to Hold from Buy at Auriga.
XOM - Exxon Mobil downgraded to Hold from Buy at Argus based on a less favorable production mix towards gas.
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Other stocks of possible interest:
NEM - Downgraded to Hold @ Stifel Nicolaus based on reduced growth prospects.
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"There is no worse tyranny than to force a man to pay for what he does not want merely because you think it would be good for him." ~ Robert Heinlein
08:30 Employment Cost Index
09:00 Case-Shiller 20-city Index
09:45 Chicago PMI
10:00 Consumer Confidence
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NKE - Nike upgraded to Buy from Hold at Argus and believes the company can maintain its dominant position through innovative products, its globally recognized brand, economies of scale, and rapid growth. Price target is $118.
POT - Potash downgraded to Neutral from Buy at Goldman citing relative valuation and weakening potash fundamentals. Price target is $48
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"No man’s life, liberty, or property are safe while the legislature is in session." ~ Mark Twain
BRCM - estimates lowered at UBS through 2012, UBS said. Nokia Symbian weakness. Maintain Buy rating and $45 price target.
CSCO - numbers boosted at Baird. Shares of CSCO now seen reaching $21, according to Robert Baird. Estimates also upped, following a positive reseller survey. Neutral rating.
CVX - estimates reduced at Credit Suisse through 2014, Credit Suisse said. Company is seeing lower volumes. Outperform rating and $130 price target.
PG - numbers cut at Credit Suisse. PG estimates were reduced through 2014, Credit Suisse said. Company is being hurt by a stronger dollar. Outperform rating and $70 price target.
RCL - numbers reduced at Goldman. Shares of RCL now seen reaching $29, according to Goldman Sachs. Estimates also cut, given lower expected net yields. Neutral rating.
Menock,
I hear you.
It seems that every time I view my brokerage account summary and think to myself, "Wow...I'm really doing well", it is an omen of a big market turn down.
I've been thinking that way for about a week now.
Maybe 2012 being a presidential election year could extend this run. I'm sure the powers that be will be pulling out all the stops to make the markets look good for this November.
Good luck.
BH
IBM - rated new Buy at Sterne Agee. $230 price target. Ability to custom package software and services with hardware.
"The comedians get it… why not the president, the congress, the MSM, the US public at large?"
Three words.........dumb as plants.
Good morning.
15:00 Consumer Credit
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DIS - PT Lifted from $39 to $43 @ Wunderlich. Hold
NFX - Newfield Exploration downgraded to Neutral from Buy at UBS based on weak volume growth and asset underperformance. Price target lowered to $41 from $44.
SCHW - Charles Schwab upgraded to Buy from Hold at ISI Group.
WAG - Walgreen downgraded to Sell from Neutral at Citigroup after its proprietary survey of benefits managers indicated a resolution between Walgreen and Express Scripts (ESRX) is unlikely in 2012. The firm lowered its price target for shares to $28 from $35.
------
Other stocks of possible interest:
AUY - Yamana Downgraded to Hold @ Dahkman Rose.
------
"There’s no way to rule innocent men. The only power any government has is the power to crack down on criminals. Well, when there aren’t enough criminals, one makes them. One declares so many things to be a crime that it becomes impossible to live without breaking laws." ~ Ayn Rand
DIS - numbers boosted at Goldman. Shares of DIS now seen reaching $43. Estimates also upped, as the company is buying back more stock. Neutral rating.
GILD - numbers increased at ThinkEquity through 2013, ThinkEquity said. Company continues to see success in its pipeline. Buy rating and new $61 price target.
INTC - Maxim Group Initiates with a Buy. Target $33
DIS - Disney upgraded to Buy from Neutral at Davenport based on reduced expectations, improving employment trends, and its distributor relationship with Comcast.
WHR - Upgraded to Buy @ Longbow. Target $81
Good morning.
ABB - ABB downgraded to Neutral from Buy at UBS.
CHA - China Telecom downgraded to Underperform from Neutral at Credit Suisse.
TCK - Teck Resources downgraded to Buy from Action List Buy at TD Securities citing slightly lower metal prices and higher operating costs.
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"In the end, more than freedom, they wanted security. They wanted a comfortable life, and they lost it all - security, comfort, and freedom. When the Athenians finally wanted not to give to society but for society to give to them, when the freedom they wished for most was freedom from responsibility, then Athens ceased to be free and was never free again." ~ Edward Gibbon
"Ron Paul for 2016"
It'll be son, Rand Paul, in 2016. He's already making quite a name for himself in Washington, and does well with focus groups from both parties.
http://is.gd/mxDbib
Good morning.
08:30 Nonfarm Payrolls (243,000)
08:30 Nonfarm Private Payrolls (257,000)
08:30 Unemployment Rate (8.3%)
08:30 Hourly Earnings (0.2%)
08:30 Average Workweek (34.5)
10:00 Factory Orders (1.1%)
10:00 ISM Services (56.8)
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AET - Aetna downgraded to Buy from Conviction Buy at Goldman citing limited upside. Price target is $54.
APA - Apache initiated with an Outperform at Credit Suisse. Target $120
CMI - estimates, target raised at Credit. Suisse. Shares of CMI now seen reaching $147, according to Credit Suisse. Estimates also increased, to match the company's new guidance. Outperform rating.
CMI - Cummins numbers raised at Jefferies. Shares of CMI now seen reaching $130, Jefferies said. Estimates also raised on solid quarter. Buy rating.
CSCO - PT Lifted from $20 to $23 @ Stifel Nicolaus. Buy
DOW - estimates raised at UBS through 2013 on lower cost ethane, UBS said. Maintain Buy rating and $38 price target.
GILD - PT Lifted from $48 to $54 @ Needham. Buy
GILD - target raised at Oppenheimer to $60, Oppenheimer said. Initial GS-7977 Ph.II G1 HCV results increases our conviction. Outperform rating.
MRK - Merck downgraded to Neutral from Buy at MKM Partners.
MRK - Merck downgraded to Neutral from Buy at Davenport based on valuation and flattish earnings prospects into 2013. Price target is $40.
WHR - estimates, target upped at Keybanc. WHR estimates were boosted through 2013, Keybanc said. Company is realizing higher margins. Buy rating and new $78 price target.
------
"The natural progress of things is for liberty to yield and government to gain ground." ~ Thomas Jefferson
------
Today's complete Employment Situation Summary from the BLS:
http://is.gd/naFtxg
JNJ - Johnson & Johnson downgraded to Market Perform from Outperform at First Global.
QCOM - Qualcomm target, estimates increased at Citigroup. Shares of QCOM now seen reaching $73, according to Citigroup. Continues to benefit from smartphone proliferation. Buy rating.
QCOM - Qualcomm estimates, target increased at Goldman. QCOM estimates were raised through 2014, Goldman Sachs said. Company is realizing higher demand and pricing. Buy rating and new $72 price target.
BC - Brunswick initiated with an Outperform at Avondale. Target $27
BRCM - Canaccord Initiates with a Buy. Target $45
Good morning.
07:30 Challenger Job Cuts (+38.9%)
08:30 Jobless Claims (full report here: http://is.gd/unHFuU)
08:30 Productivity-Prel
08:30 Unit Labor Costs
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QCOM - PT Lifted from $75 to $77 @ FBR. Outperform
QCOM - PT Lifted from $65 to $70 @ Oppenheimer. Outperform
------
"A wise and frugal government which shall restrain men from injuring one another, which shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government." ~ Thomas Jefferson
http://is.gd/nefBkV
One would think that Florida, which was absolutely ravaged by the housing bubble burst, would have more sense than to send their delegates to vote for the HB&B poster boy, Mitt Romney, who also praises Ben Bernanke and the Fed.
Do Florida Oranges have a higher IQ than Florida GOP Voters?
http://is.gd/uIQclZ
AMZN - Amazon.com target lowered at Jefferies. Shares of AMZN now seen reaching $225, Jefferies said. Estimates also lowered on poor earnings result. Buy rating.
AMZN - numbers reduced at Goldman. Shares of AMZN now seen reaching $182, according to Goldman Sachs. Estimates also cut, as the company is realizing lower sales and higher costs. Neutral rating.
Good morning.
07:00 MBA Mortgage Index (-2.9%)
08:15 ADP Employment Change
10:00 ISM Index
10:00 Construction Spending
10:30 Crude Inventories
14:00 Auto/Truck Sales
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AMZN - PT Lowered from $255 to $234 @ Oppenheimer. Outperform
BRCM - Broadcom downgraded to Hold from Buy at Auriga.
XOM - Exxon Mobil downgraded to Hold from Buy at Argus based on a less favorable production mix towards gas.
------
Other stocks of possible interest:
NEM - Downgraded to Hold @ Stifel Nicolaus based on reduced growth prospects.
------
"There is no worse tyranny than to force a man to pay for what he does not want merely because you think it would be good for him." ~ Robert Heinlein
CCL - Barclays downgrades the currently storm-tossed cruise operator to Equal Weight from Overweight.
DIS - Wells Fargo Initiates with a Market Perform.
Good morning.
08:30 Employment Cost Index
09:00 Case-Shiller 20-city Index
09:45 Chicago PMI
10:00 Consumer Confidence
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NKE - Nike upgraded to Buy from Hold at Argus and believes the company can maintain its dominant position through innovative products, its globally recognized brand, economies of scale, and rapid growth. Price target is $118.
POT - Potash downgraded to Neutral from Buy at Goldman citing relative valuation and weakening potash fundamentals. Price target is $48
------
"No man’s life, liberty, or property are safe while the legislature is in session." ~ Mark Twain
BRCM - estimates lowered at UBS through 2012, UBS said. Nokia Symbian weakness. Maintain Buy rating and $45 price target.
CSCO - numbers boosted at Baird. Shares of CSCO now seen reaching $21, according to Robert Baird. Estimates also upped, following a positive reseller survey. Neutral rating.
CVX - estimates reduced at Credit Suisse through 2014, Credit Suisse said. Company is seeing lower volumes. Outperform rating and $130 price target.
PG - numbers cut at Credit Suisse. PG estimates were reduced through 2014, Credit Suisse said. Company is being hurt by a stronger dollar. Outperform rating and $70 price target.
RCL - numbers reduced at Goldman. Shares of RCL now seen reaching $29, according to Goldman Sachs. Estimates also cut, given lower expected net yields. Neutral rating.