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Millicom downgraded to "hold"

Submitted by RSS on September 8, 2010 - 4:56pm

NEW YORK, September 7 (newratings.com) - Analysts at Stifel Nicolaus & Company downgrade Millicom (ticker: MICC) from "buy" to "hold." [more]

Cymer downgraded to "equal weight"

Submitted by RSS on September 8, 2010 - 4:56pm

NEW YORK, September 7 (newratings.com) - Analysts at Barclays Capital downgrade Cymer (ticker: CYMI) from "overweight" to "equal weight." The target price has been reduced from $42 to $30. [more]

LTX-Credence downgraded to "equal weight"

Submitted by RSS on September 8, 2010 - 4:56pm

NEW YORK, September 7 (newratings.com) - Analysts at Barclays Capital downgrade LTX-Credence (ticker: LTXC) from "overweight" to "equal weight." The target price is set to $4. [more]

Pacer International upgraded to "buy"

Submitted by RSS on September 8, 2010 - 4:56pm

NEW YORK, September 7 (newratings.com) - Analysts at Stifel Nicolaus & Company upgrade Pacer International (ticker: PACR) from "hold" to "buy." The target price is set to $8. [more]

Heartland Express upgraded to "buy"

Submitted by RSS on September 8, 2010 - 4:56pm

NEW YORK, September 7 (newratings.com) - Analysts at Stifel Nicolaus & Company upgrade Heartland Express (ticker: HTLD) from "hold" to "buy." The target price is set to $19. [more]

Green Dot initiated with "neutral"

Submitted by RSS on September 8, 2010 - 4:56pm

NEW YORK, September 7 (newratings.com) - Analysts at UBS initiate coverage of Green Dot (ticker: GDOT) with a "neutral" rating. The target price is set to $50. [more]

Healthcare Realty initiated with "neutral"

Submitted by RSS on September 8, 2010 - 4:56pm

NEW YORK, September 7 (newratings.com) - Analysts at Hilliard Lyons initiate coverage of Healthcare Realty (ticker: HR) with a "neutral" rating. [more]

Envestnet initiated with "equal weight"

Submitted by RSS on September 8, 2010 - 4:56pm

NEW YORK, September 7 (newratings.com) - Analysts at Barclays Capital initiate coverage of Envestnet Inc (ticker: ENV) with an "equal weight" rating. The target price is set to $11. [more]

McAfee downgraded to "equal weight"

Submitted by RSS on September 8, 2010 - 4:56pm

NEW YORK, September 7 (newratings.com) - Analysts at Barclays Capital downgrade McAfee (ticker: MFE) from "overweight" to "equal weight." The target price has been raised from $36 to $48. [more]

Verigy downgraded to "underweight"

Submitted by RSS on September 8, 2010 - 4:56pm

NEW YORK, September 7 (newratings.com) - Analysts at Barclays Capital downgrade Verigy Ltd (ticker: VRGY) from "equal weight" to "underweight." The target price has been reduced from $12 to $6. [more]

Brooks Automation downgraded to "equal weight"

NEW YORK, September 7 (newratings.com) - Analysts at Barclays Capital downgrade Brooks Automation (ticker: BRKS) from "overweight" to "equal weight." The target price has been reduced from $13 to $6. [more]

Centene downgraded to "hold"

NEW YORK, September 7 (newratings.com) - Analysts at Collins Stewart downgrade Centene (ticker: CNC) from "buy" to "hold." The target price has been reduced from $30 to $24. [more]

Verigy downgraded to "underweight"

McAfee downgraded to "equal weight"

NEW YORK, September 7 (newratings.com) - Analysts at Barclays Capital downgrade McAfee (ticker: MFE) from "overweight" to "equal weight." The target price has been raised from $36 to $48. [more]

Commvault Systems downgraded to "market perform"

NEW YORK, September 7 (newratings.com) - Analysts at Morgan Keegan downgrade Commvault Systems (ticker: CVLT) from "outperform" to "market perform." [more]

Oxford Resource Partners LP initiated with "overweight"

NEW YORK, August 24 (newratings.com) - Analysts at Barclays Capital initiate coverage of Oxford Resource Partners LP (ticker: OXF) with an "overweight" rating. The target price is set to $23. [more]

China Medical Technologies initiated with "buy"

NEW YORK, August 24 (newratings.com) - Analysts at Deutsche Bank initiate coverage of China Medical Technologies Inc (ticker: CMED) with a "buy" rating. [more]

RealD initiated with "outperform"

NEW YORK, August 24 (newratings.com) - Analysts at William Blair & Co initiate coverage of RealD Inc (ticker: RLD) with an "outperform" rating. [more]

Dollar Marks its Biggest Rally this Year as Sentiment Crumbles on Fed’s, China’s Fundamental Stumbles

The financial headlines were splashed with the horrendous performance of global equities and commodities Wednesday; but the real story for the day was the activity in the currency market. Looking at the benchmark for stock activity (one of the most accepted proxies for investor sentiment), the Dow Jones Industrial Average dropped a remarkable 2.49 percent.

Digital River Extends MSFT Deal

In a recent filing with the Securities and Exchange Commission (SEC), Digital River Inc. (NASDAQ:DRIV) stated that it has extended its e-commerce deal with Microsoft Corporation (NASDAQ:MSFT) through October 31, 2013. The agreement was originally scheduled to end in June 2012.

As per the new agreement, Digital River will build, host and manage an e-commerce store for Microsoft that will support the sale and fulfillment of Microsoft and third party software as well as consumer electronics products … [visit site to read more]

Synopsys Wraps Up Virage Deal

Electronic design automation (EDA) software company Synopsys Inc. (NASDAQ:SNPS) recently completed the acquisition of Virage Logic Corp. (NASDAQ:VIRL) for $12 per share. The total consideration of the deal came in at approximately $315.0 million.
Virage Logic’s business is expected to integrate easily with Synopsys, as the former provides semiconductor intellectual property (IP) for the design of complex integrated circuits. In a way, this acquisition is expected to supplement Synopsys’ Designware … [visit site to read more]

WSJ Interactive Graph Of The Great Mancession

Here’s a great WSJ Interactive Graphic that allows you to watch: a) monthly job losses by sector from December 2007 to August 2010 and b) monthly changes in the number of unemployed workers by gender and race over the same period.
When watching the job losses by sector, you’ll see that that: a) construction and manufacturing were the two sectors hit with the most job losses (combined loss of almost 4 million jobs through August 2010) during the recession, and b) … [visit site to read more]

Owens-Illinois Buys Brazilian Co.

Owens-Illinois Inc. (NYSE:OI) increased it ambit in Brazil, South America’s largest economy and container market, with the acquisition of Brazilian glassmaker Companhia Industrial de Vidros. The deal is valued at $603 million, which includes future tax benefits with an estimated present value of $140 million. These tax benefits include federal and state incentives for development of Brazil’s northeastern region.

Companhia is a leading glass container producer in northeastern Brazil. … [visit site to read more]

Earnings Scorecard: Medtronic

Subsequent to the announcement of Medtronic’s (NYSE:MDT) first quarter fiscal 2011 results on Aug 24, 2010, majority of the analysts have lowered their estimates for the forthcoming period.
First Quarter Highlights
Medtronic began fiscal 2011 on a disappointing note. The company reported an adjusted EPS of 80 cents, which missed the Zacks Consensus Estimate by two cents but was a penny higher than the year-ago quarter. However, first quarter of fiscal 2010 included an extra week, which had a … [visit site to read more]

What Really Matters: Holy Cross Crusaders’ Football 2010

Let’s take a break from the markets, economy, Wall Street, and Washington for a moment. Now, let’s focus on those things that truly matter in life. Do I have your attention? Good. We are due a break from the trials and tribulations navigating our economic landscape and we should think about those items with even deeper meaning. Yes, the pursuit of passions which bring real substance to our lives. These labors of love have little to do with the fact that today kicks off the start of Labor … [visit site to read more]

Retailers Gain In August

The nation’s retailers have reported unexpectedly strong August sales numbers as back-to-school requirements kept shoppers from restraining their spending plans. Retailers posted strong results on the heels of solid traffic and sales, albeit backed by heavy promotion and discounting in the back-to-school season. Further, tax-free holidays also provided a boost to the overall sales of the retailers. Seventeen tax-free holidays during August lured shoppers to the malls.
Looking back to only a … [visit site to read more]

Microchip Remains Outperform

Following robust earnings in its latest quarter, we have reiterated our Outperform recommendation on Microchip Technology Inc. (NASDAQ:MCHP).??
Microchip reported solid results for the first quarter of fiscal 2011 driven by broad-based growth across all geographical regions as well as the three product lines – Microcontrollers, Analog and Serial electrically erasable programmable read only memory products (EEPROMs).??
We believe the top-line has gained momentum at Microchip Technology … [visit site to read more]

New Monthly Business Blog Rankings From Wikio

Top 20 Business Blogs, according to Wikio (see methodology here).
1.
The Conscience of a Liberal
2.
DealBook – New York Times blog
3.
The Big Picture
4.
Calculated Risk
5.
Techdirt
6.
felixsalmon.com
7.
Grasping Reality with Both Hands: Brad DeLong’s Se
8.
naked capitalism
9.
Seth Godin’s Blog
10.
The Baseline Scenario
11.
EconLog
12.
Company Town
13.
Freakonomics – New York Times Blog
14.
Mish’s Global Economic Trend Analysis
15.
Greg Mankiw’s … [visit site to read more]

Crude Oil Down In Holiday Trade, Gold Attempts To Resume Its Rally

Commodities – Energy
Crude Oil Down in Holiday Trade
Crude Oil (WTI) – $74.27 // $0.33 // 0.44%
Commentary: Crude oil is currently down after falling on Friday despite a better-than-expected U.S. nonfarm payrolls report and rallying equity markets. Surging U.S. inventories continue to put pressure on the commodity, which typically rallies strongly on global growth optimism. It is worth repeating that inventories in the U.S. are at multi-decade highs and that U.S. crude oil production is at … [visit site to read more]