We are an hour into the session and here's what I see...
Futures were pointing to a strong open and that is what we had in the initial ticks. However, we now find the broad market indices off their highs. The S&P 500 (SPX) and Dow Jones Industrial Average (DJIA) are still holding mild gains but the Nasdaq Composite (COMP) has slipped below the breakeven line.
Reversing the weakness we saw yesterday, commodity corner is showing some strength oil . Biotech, bonds, and transports are the weakest area.
Here are a few of the analyst upgrades and downgrades that I thought were worth noting this morning...
Upgrades
- Affiliated Computer (ACS)
- Nordstrom (JWN)
- Morningstar (MORN)
- RadioShack (RSH)
- ComScore (SCOR)
Downgrades
- Dynamic Materials (BOOM)
- Gap Inc (GPS)
- Sun Microsystems (JAVA)
- Jones Soda (JSDA)
- Magma Design (LAVA)
- priceline.com (PCLN)
- Bankrate (RATE) [multiple]
- Sepracor (SEPR)
- St. Jude Medical (STJ)
- Investools (SWIM) [multiple]
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