We are nearly two hours into the session and here's what I see...
The week kicks off with the broad market indices under mild-to-moderate pressure. Commodity corner is popping while most sectors are down. The US Oil Fund (USO) is up 3% and the Oil Service HOLDRS (OIH), Oil & Gas Index (XOI), and Natural Gas Index (XNG) are all gaining 1% or more. The PowerShares Clean Energy ETF (PBW), however, is the largest decliner on my screen. The streetTRACKS Gold (GLD) is up 1% while the Amex Gold Bugs Index (HUI) tacks on 2%. The S&P Retail Index (RLX), Broker/Dealer Index (XBD), CBOE Internet Index (INX), and Regional Bank HOLDRS (RKH) join the PBW on the downside.
Here are a few of the analyst upgrades and downgrades that I thought were worth noting this morning...
Upgrades
- Apple (AAPL)
- CACI Intl (CAI)
- Diebold (DBD)
- EV3 (EVVV)
- NetApp Inc (NTAP)
Downgrades
- American Capital (ACAS)
- ArthroCare (ARTC)
- Countrywide (CFC)
- CyberSource (CYBS)
- PharmaNet Devlpmt (PDGI)
- Torchmark Corp (TMK)
- Yahoo! (YHOO)
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