Daily State of the Markets: And Awaaay We Go! Oct 14, 2009 09:29AM

Good morning. The bears had a pretty decent chance to go the other way yesterday, but, as has been the case lately, they once again failed to capitalize on their opportunities. And with Intel (INTC) knocking the ball out of the park after the close, it looks like the bulls will be off and running again this morning.

Our furry friends appeared to have the upper hand at the outset of trading on Tuesday. They had some disappointing data from across the pond as German economic expectations fell for the first time in four months. They had disappointing earnings guidance out of Johnson & Johnson (JNJ). They had a couple of bearish reports from Bloomberg, with one entitled “Credit’s Divorce From Stocks Signals End of Rally.” And finally, they had their favorite cheerleader, Meredith Whitney, saying it’s time to take profits in bank stocks and actually downgrading everybody’s favorite financial ...


Explicit Picks Alerts Investors to This Weeks Stocks to Watch: General Electric Co., Goldman Sachs Group Inc., IBM and Intel Corp. Oct 13, 2009 03:11PM

WASHINGTON, Oct. 13, 2009 (GLOBE NEWSWIRE) -- Today the market is a bit weaker ahead of earnings announcements on companies like GE, Goldman Sachs, IBM and Intel. We are following several compelling stories this week with some large earnings reports looming. Explicit Picks tracks and follows stocks market wide, however our primary focus is on small and micro cap stocks that we feel are poised for substantial movement. To receive our reports FREE of charge, investors simply need to visit us at: http://www.explicitpicks.com General Electric remains one of the most followed bellwether stocks in the market. Recent announcements of its latest testing of the "Small Grid," will certainly ...


Buffett, Not Whitney Will Call the Top for Goldman Sachs (GS) Oct 13, 2009 02:37PM

One of the biggest stories on Wall Street today was Meredith Whitney's downgrade of Goldman Sachs (NYSE: GS) from Buy to Neutral.

Meredith, a noted financial bear, has seen Goldman Sachs as the lone bright spot in the sector. Now she says the stock has gone too far too fast and thus ...


Notable Analyst Rating Changes 10/13: PKX, DRYS, YHOO, AMD, PHG Upgrade; GS, VPRT, SVU, GAP, SWY, DRIV Downgrade Oct 13, 2009 10:46AM

UPGRADES:
Goldman Sachs upgraded POSCO (NYSE: PKX) to Buy and added the stock to their Conviction Buy List with a $150 price target.

Lazard Capital Markets upgrades shares of DryShips (Nasdaq: DRYS) from Hold to Buy.

Benchmark upgrades Yahoo! (Nasdaq: YHOO) from Hold to Buy. Price target raised from $16 to $20. For more color Click Here

JMP Securities upgrades Advanced Micro Devices (NYSE: AMD) from Underperform ...


Daily State of the Markets Wait For It… Oct 13, 2009 09:22AM

Good morning. With the S&P and NASDAQ higher for the sixth straight session and the Dow within striking distance of the magical 10,000 mark on Monday morning, it looked like the bulls were ready to don the party hats. However with the banks and the bond market closed, and a scary headline hitting the wires after lunch, traders appeared happy to simply wait for the earnings parade before making their next move.

It is no secret that the market indices are oftentimes more volatile when some of the players are missing and trading is a little on the thin side. Yesterday proved that point once again as a misleading headline created a swift selloff around 1:45 pm eastern from which the indices were unable to recover.

The headlines that came across the wires read something along the lines of: Homeland Security Secretary Napolitano says terrorists with ties to Al-Qaeda now ...


View Older Stories

Oct 13, 2009 06:35AM Meredith Whitney Advisory Downgrades Goldman Sachs (GS) to Neutral
Oct 2, 2009 12:20PM Meredith Whitney Says Small Business Credit Crunch Will Hurt The Overall Economy
Sep 16, 2009 09:14AM StreetInsider.com's Best of the Web 9/16
Aug 19, 2009 09:59AM Notable Analyst Rating Changes 8/19: PRX, ANN, BPOP, AXL, JOYG Upgraded; AA, ANF, TOL, DHI, LUV Downgraded
Aug 19, 2009 09:49AM Meredith Whitney Advisory Group Starts Discover Financial (DFS) at Neutral
Jul 17, 2009 05:25PM Top 10 News Items 7/13-7/17: Bank Earnings Surprising to the Upside; Tech Earnings Just Behind; 'When Bears Turn Bull' Lifts Stocks
Jul 16, 2009 03:24PM When Bears Turn Bullish - Look Out Above!
Jul 15, 2009 09:18AM David Moenning's Daily State of the Markets: 7/15
Jul 14, 2009 09:42AM David Moenning's Daily State of the Markets: 7/14
Jul 14, 2009 08:40AM Goldman Sachs (GS) Smashes Through Even Most Optimistic Q2 Earnings Estimate
Jul 13, 2009 03:57PM Earnings Preview: Goldman Sachs (GS) - Are the Q2 Results Already Priced Into the Stock?
Jul 13, 2009 11:39AM Cramer Still Likes Goldman Sachs (GS), But He'd Trim His Position
Jul 13, 2009 09:43AM Notable Analyst Rating Changes 7/13: GS, BBY, KFT, GWW Upgraded; BEAT, STP, IPI, CPLA Downgraded
Jul 13, 2009 09:31AM David Moenning's Daily State of the Markets: 7/13
Jul 13, 2009 09:05AM Bank Stocks Get Lift On Meredith and Others Bullish Vibe (XLF, FAZ, FAS)
Jul 13, 2009 08:25AM Goldman Sachs (GS): Upgraded to Buy at Meredith Whitney Advisory Group
Jul 13, 2009 07:09AM Meredith Whitney Upgrades Goldman Sachs (GS) to Buy
May 12, 2009 09:36AM David Moenning's Daily State of the Markets: 5/12
May 11, 2009 03:36PM Meredith Whitney Said Core Earnings Power for Banks is Negligible; Would Short Retail and Con Discretionary
Apr 8, 2009 10:49AM Meredith Whitney Calls BofA's Deal with Merrill a 'Mistake', But Still Likes Ken Lewis
Mar 17, 2009 08:24AM Meredith Whitney Opines On Banks & The Credit Markets
Mar 10, 2009 03:43PM Meredith Whitney Sees Assets Sales As 'Next Iteration' of Bank Capital Raises
Mar 10, 2009 03:35PM Meredith Whitney Likes Goldman Sachs (GS) At $70, Not $100
Mar 10, 2009 10:59AM Meredith Whitney Fears Credit Cards Will Further Erode Consumer Spending
Feb 20, 2009 07:39AM Citigroup (C) and BofA (BAC) Lower on Nationalization Fears
Feb 19, 2009 03:39PM Meredith Whitney said Citi (C) Common Shareholders are Effectively Wiped Out
Feb 18, 2009 02:36PM Goodbye Meredith, We'll Miss You
Feb 18, 2009 02:19PM Meredith Whitney Leaving Oppenheimer To Start Her Own Firm
Feb 4, 2009 12:53PM Meredith Whitney Says Don't Even Think About Buying Bank Stocks (WFC, BAC, C, JPM, GS, MS)
Jan 20, 2009 01:03PM Bank of America (BAC) Smashed On Continued Fears
Jan 20, 2009 11:44AM Meredith Whitney Has Nothing Good To Say About Citi (C)
Jan 15, 2009 09:43AM David Moenning's Daily State of the Markets: 1/15
Jan 14, 2009 04:48PM Meredith Whitney Said Happy Things About American Express (AXP)
Jan 14, 2009 12:14PM Unusual 11 Mid-Day Movers 1/14: FAZ, EROC, ZGEN, CAMP Higher; STSA, FNB, C, BPZ Lower
Jan 14, 2009 11:51AM Citi (C) Drops Below $5
Jan 14, 2009 08:19AM Whitney Sees Citi/MS Deal as a 'Way for Citi to Raise Cash Ahead of Earnings'
Jan 13, 2009 10:39AM David Moenning's Daily State of the Markets: 1/13
Jan 8, 2009 09:40AM David Moenning's Daily State of the Markets 01/08
Jan 7, 2009 09:13AM Bank Stocks Could Drop By Half This Year (BAC)(JPM)(WFC)(C)
Dec 24, 2008 12:58PM CNBC Viewers Vote Meredith Whitney as 'Power Player of 2008'
Dec 11, 2008 10:14AM David Moenning's Daily State of the Markets: 12/11
Dec 2, 2008 09:56AM David Moenning's Daily State of the Markets: 12/02
Dec 1, 2008 05:00PM Stocks Pummeled On Weak Manufacturing Data, Recession
Dec 1, 2008 03:53PM On CNBC, Meredith Whitney Said Consumer Credit is the Next Shoe to Drop
Nov 26, 2008 01:53PM Meredith Whitney Says While You Eat Your Turkey Dinner, The Banks Will Be Eating Up Your Cash
Nov 26, 2008 10:50AM Meredith Whitney Takes An Ax To Bank Estimates Again
Nov 24, 2008 09:59AM Meredith Whitney Still Cautious On Citigroup (C) Even With New Govenment Rescue Plan
Nov 11, 2008 05:35PM Liar's Poker Lewis Calls The End of Wall Street
Sep 29, 2008 03:47PM Oppenheimer's Meredith Whitney Makes Fortune's List of 50 Most Powerful Women In Business
Sep 29, 2008 08:42AM Meredith Whitney Said Taxpayers Likely To Lose Money On Bailout Plan
View Older Stories