JPMorgan

J.P. Morgan upgrades Coventry Health (NYSE: CVH) from Underweight to ...

Coming Down With Something?

Most of the chatter in the market yesterday had to do with the swine flu. And while I hate to sound unsympathetic, so far at least, this is not an issue we need to be spending much time on from a stock market perspective. For example, there have been 149 reported deaths so far in Mexico from this ugly virus. But to put this into perspective, I heard a report yesterday that something like 36,000 people die each year from the flu, which, if my math is correct, is something on the order of 3,000 flu deaths each month. So, before you go and sell all of your stocks because of the economic mayhem the swine flu will cause, you might want to consider putting things into perspective.

Again, please don’t think me an uncaring, black-hearted sole. My point is that so far at least, this ...

StreetInsider.com Morning Movers:

Cypress Bioscience, Inc. (Nasdaq: CYPB) 27% HIGHER; Forest Laboratories and Cypress Bioscienceannounced that Savella, a selective serotonin and norepinephrine dual reuptake inhibitor, was approved by the FDA for the management of fibromyalgia.
Satyam Computer Services Ltd. (NYSE: SAY) 21% LOWER; India's government said it has no plans to give the company a bailout following last week's news that the Chairman falsified earnings and assets for years.
Trimble (Nasdaq: TRMB) 19% LOWER; revises its Q4 sales guidance to a range of $268-$269 million, versus the consensus of $313.16 million. EPS for the quarter move to $0.22-$0.24, versus the Street estimate of $0.33.

Marshall & Ilsley Corporation (NYSE: MI) 18% LOWER; reports Q4 loss of $1.55, versus the analyst estimate of $0.07. Marshall & Ilsley Corporation announced that the quarterly cash dividend has been reduced to $0.01 per share. The ...

Coventry Health Care (NYSE: CVH), presenting at the 27th Annual JPMorgan Healthcare Conference, issued ...

The Basing Game

While the jury is still out on whether or not the low established during the 1,000 point ride on October 10th will wind up being the ultimate low in this now year-old bear market, we do know that the longer the indices can stay above that low, the better the chances are that we’re playing the basing game right now. And although this sounds like a positive, we need to remember that the post-crash basing game isn’t exactly an easy game to play as volatility remains high and the declines cause investors to feel like everything is coming apart at the seams again.

From a technical standpoint, stocks (as defined by the Dow, S&P 500, and NASDAQ) slammed headlong into resistance yesterday morning and then promptly retreated. It appears that the 13th century mathematician Leonardo Fibonacci had a small hand in yesterday’s rout as the Dow turned ...