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Benzinga's Top Downgrades

Courtesy of Benzinga.

Related OXY
Barclays Downgrades Occidental Petroleum To Equal-weight
3 Reasons To Invest In MLPs
Permian Oil Surge Creates Need for Pipelines (Fox Business)

Related BTU
Stocks Hitting 52-Week Lows
Nomura Downgrades Peabody Energy To Reduce
Energy Stocks Move Higher as Oil Spikes (Fox Business)

Analysts at Barclays downgraded Occidental Petroleum (NYSE: OXY) from Overweight to Equal-weight. . The target price for Occidental Petroleum has been lowered from $117 to $109. Occidental Petroleum’s shares closed at $98.29 yesterday.

Nomura downgraded Peabody Energy (NYSE: BTU) from Neutral to Reduce. The target price for Peabody Energy has been lowered from $13 to $11. Peabody Energy’s shares closed at $14.12 yesterday.

Analysts at Baird downgraded Con-Way (NYSE: CNW) from Outperform to Neutral. The target price for Con-Way is set to $55. Con-Way’s shares closed at $53.53 yesterday.

Analysts at FBR Capital downgraded FMC Technologies (NYSE: FTI) from Outperform to Market Perform. The target price for FMC Technologies has been lowered from $68 to $58. FMC Technologies’ shares closed at $56.51 yesterday.

Latest Ratings for OXY

Date Firm Action From To
Sep 2014 Barclays Downgrades Overweight Equal-weight
Aug 2014 Simmons & Co. Downgrades Overweight Neutral
Aug 2014 Morgan Stanley Upgrades Equalweight Overweight

View More Analyst Ratings for OXY
View the Latest Analyst Ratings

Posted-In: Top DowngradesDowngrades Analyst Ratings





Benzinga's Top Initiations

Courtesy of Benzinga.

Related KO
Cowen Initiates Coca-Cola With Market Perform
Food Industry Launch Initiatives To Upgrade Food Safety Measures
Some Firms Will Benefit from Falling Corn Prices (Fox Business)

Related YELP
Baird Initiates Yelp At Hold
Ebay Inc., Google Inc. & Yelp Inc. See Rising Short Interest
Yelp Shares Headed to $102? (Fox Business)

Analysts at Cowen & Company initiated coverage on Coca-Cola Company (The) (NYSE: KO) with a Market Perform rating. The target price for Coca-Cola is set to $43. Coca-Cola’s shares closed at $41.50 yesterday.

Baird initiated coverage on shares of Yelp (NYSE: YELP) with a Hold rating. The target price for Yelp is set to $80. Yelp’s shares closed at $76.62 yesterday.

Analysts at Atlantic Equities initiated coverage on shares of Noble Energy (NYSE: NBL) with a Overweight rating. The target price for Noble Energy is set to $88. Noble Energy’s shares closed at $69.48 yesterday.

Analysts at RBC Capital initiated coverage on Intuit (NASDAQ: INTU) with a Outperform rating. The target price for Intuit is set to $105. Intuit’s shares closed at $83.62 yesterday.

Latest Ratings for KO

Date Firm Action From To
Sep 2014 Cowen & Company Initiates Coverage on Market Perform
Aug 2014 Brasil Plural Initiates Coverage on Overweight
Jul 2014 Nomura Maintains Buy

View More Analyst Ratings for KO
View the Latest Analyst Ratings

Posted-In: Top InitiationsInitiation Analyst Ratings





RBC Capital Initiates Intuit At Outperform

Courtesy of Benzinga.

Related INTU
Bank Of America Feels Upbeat On Intuit Inc. Following Investor Meetings
Big Value Opportunity In Liberty Tax
Cloud Accounting Firm Xero Sees Possible U.S. IPO in 2015 (Fox Business)

Analysts at RBC Capital initiated coverage on Intuit (NASDAQ: INTU) with a Outperform rating.

The target price for Intuit is set to $105.

Intuit shares have gained 26.87% over the past 52 weeks, while the S&P 500 index has jumped 16.88% in the same period.

Intuit’s shares fell 0.44% to close at $83.62 yesterday.

Latest Ratings for INTU

Date Firm Action From To
Sep 2014 RBC Capital Initiates Coverage on Outperform
Aug 2014 Barclays Maintains Equal-weight
Aug 2014 Raymond James Maintains Strong Buy

View More Analyst Ratings for INTU
View the Latest Analyst Ratings

Posted-In: RBC CapitalInitiation Analyst Ratings





US Stock Futures Edge Lower; Fed In Focus

Courtesy of Benzinga.

Related TEX
Stifel Nicolaus Upgrades Terex To Buy
Technology Stocks Down As Rest Of The Market Starts Week Flat
Related HUM
#PreMarket Primer: Tuesday, September 16: World's Largest Brewers Could Join Forces
UPDATE: Humana Q2 Revenue Beats Estimates
Humana Sees Exchange Customer Growth in '14 (Fox Business)

Pre-open movers

US stock futures traded lower in early pre-market trade. The Federal Open Market Committee will begin its two-day meeting today. The producer price index for August will be released at 8:30 a.m. ET. Futures for the Dow Jones Industrial Average tumbled 18 points to 16,925.00, while the Standard & Poor’s 500 index futures fell 1.70 points to 1,974.40. Futures for the Nasdaq 100 index dropped 5.75 points to 4,019.75.

A Peek Into Global Markets

European markets were lower today, with the Spanish Ibex Index falling 0.37%, STOXX Europe 600 Index dropping 0.47%. German DAX 30 index fell 0.31%, French CAC 40 Index fell 0.46% and London’s FTSE 100 Index dropped 0.40%. The annual rate of inflation in the UK declined to 1.5% in August, versus 1.6% in July.

In Asian markets, Japan’s Nikkei Stock Average tumbled 0.23%, Hong Kong’s Hang Seng Index dipped 0.91%, China’s Shanghai Composite Index slipped 1.82% and India’s BSE Sensex tumbled 1.21%.

Broker Recommendation
Analysts at Stifel Nicolaus upgraded Terex (NYSE: TEX) from Hold to Buy. The target price for Terex is set to $40.

Terex’s shares fell 6.43% to close at $32.47 yesterday.

Breaking news

  • Humana (NYSE: HUM) announced today that its Board of Directors has approved a $2 billion share repurchase authorization with an expiration date of December 31, 2016, replacing its previous $1 billion share repurchase authorization (of which approximately $782 million was outstanding after $118 million of share repurchases to date in the third quarter of 2014). To read the full news, click here.


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Credit Suisse Sees Upside In Tableau Software Inc

Courtesy of Benzinga.

Analysts at Credit Suisse upgraded shares of Tableau Software Inc (NYSE: DATA) from Neutral to Outperform and raised the price target from $87.50 to $100.00 Tuesday.

Philip Winslow is confident in Tableau’s ability to maintain healthy revenue growth.

Analysts also identify that the company has a technology advantage in its highly-intuitive, visual-based core BI capabilities. Winslow stated, “ Tableau's development strategy positions the company to (1) continue to expand the market for business intelligence software and (2) increasingly gain market share in large enterprise deployments.”

Tableau is also experiencing International expansion momentum. Analysts view Internet expansion for Tableau as “significant” given that 52.8 percent of the business intelligence market was generated outside of North America in 2013 versus 22.5 percent of Tableau's revenue during the first half of 2014, analysts found.

Shares of Tableau Software Inc last traded at $72.99, up 2.27 percent.

Latest Ratings for DATA

Date Firm Action From To
Sep 2014 Credit Suisse Upgrades Neutral Outperform
Aug 2014 Baird Maintains Outperform Outperform
Aug 2014 JMP Securities Maintains Market Perform Market Perform

View More Analyst Ratings for DATA
View the Latest Analyst Ratings

Posted-In: Credit Suisse Philip WinslowAnalyst Color Upgrades Price Target Analyst Ratings





Court Vacates VirnetX Holding Corporation Patent Victory Against Apple Inc., Shares Plummet 50%

Courtesy of Benzinga.

Related VHC
VirnetX Wins Round In Apple Patent Litigation
UPDATE: VirnetX Reports Four New US PTO Patents

VirnetX Holding Corporation (NYSE: VHC) cratered Tuesday after a federal appeals court vacated the company's recent victory in a patent suit.

A jury in Texas earlier this year awarded patent licensing company VirnetX and Science Applications International Corp (NYSE: SAIC) damages of $368.2 million in a patent infringement suit against Apple Inc. (NASDAQ: AAPL) and Cisco Systems, Inc. (NASDAQ: CSCO).

But the appeals court Tuesday sent the case back to lower courts after vacating two key findings of the jury, while agreeing with others.

VirnetX alleged that Apple's video calling system called Facetime violates VirnetX secure communications patents. Following an intial VirnetX's victory, Apple altered FaceTime but VirnetX said infringement continued, according to Apple Insider.

VirnetX was last down 48.3 percent to $7.72 per share. Science Applications was little changed.

Posted-In: News Legal Events Movers





Earnings Scheduled For September 15, 2014

Courtesy of Benzinga.

Related ALOG
Stocks To Watch For September 15, 2014
Benzinga Weekly Preview: Fed Meeting In Focus

Related COOL
Morning Market Losers
Earnings Scheduled For June 9, 2014

Analogic (NASDAQ: ALOG) is estimated to post its Q4 earnings at $1.24 per share on revenue of $150.37 million.

Majesco Entertainment Co (NASDAQ: COOL) is projected to post a Q3 loss at $0.42 per share on revenue of $6.10 million.

Student Transportation (NASDAQ: STB) is expected to post its Q4 earnings at $0.07 per share on revenue of $137.63 million.

Nevada Gold & Casinos (NYSE: UWN) is estimated to post its Q1 earnings.

Napco Security Technologies (NASDAQ: NSSC) is expected to report its Q4 earnings.

Posted-In: Earnings scheduleEarnings News Pre-Market Outlook Markets





JetBlue Shares Down Over 3%

Courtesy of Benzinga.

Related JBLU
Top Sector Pick For Credit Suisse: United Continental Holdings Inc
2 Transportation ETFs Breakout
Stocks Take a Breather on Growth Worries (Fox Business)

  • Bank of America Downgrades JetBlue Airways Corporation to Underperform, Lowers PO to $10.50

Posted-In: Movers





UPDATE: Morgan Stanley Reiterates On Group 1 Automotive, Inc. On Challenges Ahead

Courtesy of Benzinga.

Related GPI
Top 4 NYSE Stocks In The Auto Dealerships Industry With The Highest Dividend Yield
Group 1 Automotive Acquires Chevrolet And Mazda Dealerships In Houston, Texas

In a report published Monday, Morgan Stanley analyst Ravi Shanker reiterated an Underweight rating on Group 1 Automotive, Inc. (NYSE: GPI), and raised the price target from $61.00 to $66.00.

In the report, Morgan Stanley noted, “Brazil operations have held back the diversification benefits that GPI expected primarily driven by macro issues. Structural headwinds in US as well as portfolio re-balancing/cost resizing in Brazil and US could easily offset UK strength.”

Group 1 Automotive closed on Friday at $75.56.

Latest Ratings for GPI

Date Firm Action From To
Jul 2014 KeyBanc Maintains Buy
May 2014 KeyBanc Maintains Buy
Oct 2013 Morgan Stanley Downgrades Overweight Underweight

View More Analyst Ratings for GPI
View the Latest Analyst Ratings

Posted-In: Morgan Stanley Ravi ShankerAnalyst Color Price Target Analyst Ratings





Benzinga's Top Initiations

Courtesy of Benzinga.

Related WGO
BMO Capital Initiates Winnebago With Outperform
Top 4 NYSE Stocks In The Recreational Vehicles Industry With The Lowest PEG Ratio

Related PTCT
Deutsche Bank Initiates PTC Therapeutics At Buy
Biotech Enters Reporting Season With Large Caps Central To Sector Performance

Analysts at BMO Capital initiated coverage on Winnebago Industries (NYSE: WGO) with a Outperform rating. The target price for Winnebago Industries is set to $30. Winnebago’s shares closed at $23.46 on Friday.

Deutsche Bank initiated coverage on shares of PTC Therapeutics (NASDAQ: PTCT) with a Buy rating. The target price for PTC Therapeutics is set to $75. PTC Therapeutics’ shares closed at $32.72 on Friday.

Analysts at Cann initiated coverage on shares of Whiting Petroleum (NYSE: WLL) with a Buy rating. The target price for Whiting Petroleum is set to $108. Whiting Petroleum’s shares closed at $83.53 on Friday.

Analysts at Citigroup initiated coverage on Wal-Mart Stores (NYSE: WMT) with a Neutral rating. The target price for Wal-Mart Stores is set to $80. Wal-Mart’s shares closed at $75.77 on Friday.

Latest Ratings for WGO

Date Firm Action From To
Sep 2014 BMO Capital Initiates Coverage on Outperform
Jul 2014 SunTrust Robinson Humphrey Initiates Coverage on Neutral
Feb 2012 Oxen Group Initiates Coverage on Hold

View More Analyst Ratings for WGO
View the Latest Analyst Ratings

Posted-In: Top InitiationsInitiation Analyst Ratings





 

Help One Of Our Own PSW Members

"Hello PSW Members –

This is a non-trading topic, but I wanted to post it during trading hours so as many eyes can see it as possible.  Feel free to contact me directly at jennifersurovy@yahoo.com with any questions.

Last fall there was some discussion on the PSW board regarding setting up a YouCaring donation page for a PSW member, Shadowfax. Since then, we have been looking into ways to help get him additional medical services and to pay down his medical debts.  After following those leads, we are ready to move ahead with the YouCaring site. (Link is posted below.)  Any help you can give will be greatly appreciated; not only to help aid in his medical bill debt, but to also show what a great community this group is.

http://www.youcaring.com/medical-fundraiser/help-get-shadowfax-out-from-the-darkness-of-medical-bills-/126743

Thank you for you time!

 
 

Zero Hedge

4 C's That Could Change The Financial World As We Know It, Again

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Mark St. Cyr

4 C’s That Could Change The Financial World As We Know It, Again

Those 4 C’s are: Confirmation, Crisis, Contagion, Catastrophe.

What type of confirmation could send the financial markets into such turmoil it could rock the very bastions of finance as we now know it?

First: Scotland votes yes to leave the U.K. If this turns out to be so, it could send shock-waves throughout the markets tha...



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Chart School

Median Household Income Growth: Deflating the American Dream

Courtesy of Doug Short.

What is the single best indicator of the American Dream? Many would point to household income growth. The Census Bureau has now published some selected annual household income data in a new report: Income and Poverty in the United States: 2013. Last year the median (middle) household income was $51,939 -- a tiny increase of 0.3% 2012. Let's put the new release into a larger historical context.

My study of the Census Bureau's historical data shows a 627% growth in median household incomes from 1967 through 2013. The ride has been bumpy, but it equates to a 4.41% annualized growth rate. Sounds impressive, but if you adjust for inflation using the Census Bureau's method, that nominal 627% total growth shr...



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Phil's Favorites

Newsflash To Fed: 122 Billion Bottles Of Beer On The Wall Is About Asset Bubbles, Not Jobs

 

#455488306 / gettyimages.com Newsflash To Fed: 122 Billion Bottles Of Beer On The Wall Is About Asset Bubbles, Not Jobs

Courtesy of  

While Janet Yellen and her band of money printers work themselves into a tizzy over whether two buzz words—-“considerable time”—– should ...



more from Ilene

All About Trends

Mid-Day Update

Reminder: David is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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Insider Scoop

Credit Suisse Sees Upside In Tableau Software Inc

Courtesy of Benzinga.

Analysts at Credit Suisse upgraded shares of Tableau Software Inc (NYSE: DATA) from Neutral to Outperform and raised the price target from $87.50 to $100.00 Tuesday.

Philip Winslow is confident in Tableau’s ability to maintain healthy revenue growth.

Analysts also identify that the company has a technology advantage in its highly-intuitive, visual-based core BI capabilities. Winslow stated, “ Tableau's development strategy positions the company to (1) continue to expand the market for business intelligence software and (2) increasingly gain market share in large enterprise deployments.”

Tableau is also experiencing International expansion momentum. Analysts view Internet expansion for Tableau as “significant” given that 5...



http://www.insidercow.com/ more from Insider

Promotions

See Live Demo Of This Google-Like Trade Algorithm

If GOOGLE, the NSA, and Bill Gates all got together in a room with the task of building the most accurate trading algorithm… it wouldn’t just be any ordinary system… it’d be the greatest trading algorithm in the world.

Well, I hate to break it to you… they never got around to building it, but my colleagues at Market Tamer did.

Follow this link to register for their training webinar where they’ll demonstrate the tested and proven Algorithm powered by the same technological principles that have made GOOGLE the #1 search engine on the planet!

And get this…had you done nothing but traded a handful of conservative alerts since its inception, you would have experienced portfolio gains exceeding 200%!

Plus, when you register for the webinar you’ll g...



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Sabrient

Sector Detector: Bulls go down swinging, refusing to give up much ground

Courtesy of Sabrient Systems and Gradient Analytics

Although the stock market displayed weakness last week as I suggested it would, bulls aren’t going down easily. In fact, they’re going down swinging, absorbing most of the blows delivered by hesitant bears. Despite holding up admirably when weakness was both expected and warranted, and although I still see higher highs ahead, I am still not convinced that we have seen the ultimate lows for this pullback. A number of signs point to more weakness ahead.

In this weekly update, I give my view of the current market environment, offer a technical analysis of the S&P 500 chart, review our weekly fundamentals-based SectorCast rankings of the ten U.S. business sectors, and then offer up some actionable trading ideas, including a sector rotation strategy using ETFs and an enhanced version using top-r...



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OpTrader

Swing trading portfolio - week of September 15th, 2014

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Stock World Weekly

Stock World Weekly

Newsletter writers are available to chat with Members regarding topics presented in SWW, comments are found below each post.

Here's the latest Stock World Weekly. Enjoy!

[Sign in with your PSW user name and password, or take a free trial here.]

Image courtesy of Business Insider, Jay Yarow's This Is The Best Description Of How Apple's Business Works Right Now.

 

...

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Option Review

Big Prints In VIX Calls

The CBOE Vix Index is in positive territory on Friday morning as shares in the S&P 500 Index move slightly lower. Currently the VIX is up roughly 2.75% on the session at 13.16 as of 11:35 am ET. Earlier in the session big prints in October expiry call options caught our attention as one large options market participants appears to have purchased roughly 106,000 of the Oct 22.0 strike calls for a premium of around $0.45 each. The VIX has not topped 22.0 since the end of 2012, but it would not take such a dramatic move in the spot index in order to lift premium on the contracts. The far out-of-the-money calls would likely increase in value in the event that S&P500 Index stocks slip in the near term. The VIX traded up to a 52-week high of 21.48 back in February. Next week’s release of the FOMC meeting minutes f...



more from Caitlin

Digital Currencies

Making Sense of Bitcoin

Making Sense of Bitcoin

By James Black at International Man

Despite the various opinions on Bitcoin, there is no question as to its ultimate value: its ability to bypass government restrictions, including economic embargoes and capital controls, to transmit quasi-anonymous money to anyone anywhere.

Opinions differ as to what constitutes "money."

The English word "money" derives from the Latin word "moneta," which means to "mint." Historically, "money" was minted in the form of precious metals, most notably gold and silver. Minted metal was considered "money" because it possessed luster, was scarce, and had perceive...



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Market Shadows

Helen Davis Chaitman Reviews In Bed with Wall Street.

Author Helen Davis Chaitman is a nationally recognized litigator with a diverse trial practice in the areas of lender liability, bankruptcy, bank fraud, RICO, professional malpractice, trusts and estates, and white collar defense. In 1995, Ms. Chaitman was named one of the nation's top ten litigators by the National Law Journal for a jury verdict she obtained in an accountants' malpractice case. Ms. Chaitman is the author of The Law of Lender Liability (Warren, Gorham & Lamont 1990)... Since early 2009, Ms. Chaitman has been an outspoken advocate for investors in Bernard L. Madoff Investment Securities LLC (more here).

Helen Davis Chaitman Reviews In Bed with Wall Street. 

By Helen Davis Chaitman   

I confess: Larry D...



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Pharmboy

Biotechs & Bubbles

Reminder: Pharmboy is available to chat with Members, comments are found below each post.

Well PSW Subscribers....I am still here, barely.  From my last post a few months ago to now, nothing has changed much, but there are a few bargins out there that as investors, should be put on the watch list (again) and if so desired....buy a small amount.

First, the media is on a tear against biotechs/pharma, ripping companies for their drug prices.  Gilead's HepC drug, Sovaldi, is priced at $84K for the 12-week treatment.  Pundits were screaming bloody murder that it was a total rip off, but when one investigates the other drugs out there, and the consequences of not taking Sovaldi vs. another drug combinations, then things become clearer.  For instance, Olysio (JNJ) is about $66,000 for a 12-week treatment, but is approved for fewer types of patients AND...



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FeedTheBull - Top Stock market and Finance Sites



About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

Learn more About Phil >>


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About Ilene:

Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

Market Shadows >>