CHANGE IN RATINGS
Amazon.com (AMZN Quote) upgraded at Citigroup from Buy to Hold. $97 price target. Company's operating margins are coming back faster and sales growth may be sustainable longer than previously expected.Cheesecake Factory (CAKE Quote) downgraded at Goldman Sachs to Neutral due to recent 77% price appreciation since March 11. Recommended long CAKE/short PFCB trade resulted in 31% relative performance gain. Expect upward revisions in estimates for CAKE, but note that valuation appears extended. Price target at $13.
Capital One (COF Quote) downgraded at Goldman Sachs to Neutral from Buy due to likely extended weakness in credit card into 2010. Note rising delinquencies and preference for DFS. Price target lowered to $17 from $18.
City National (CYN Quote) downgraded at Goldman Sachs to Sell from Neutral due to likely weakness in quarterly pre-provision results caused by asset sensitivity and asset management results. Price target trimmed to $30 from $35. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,452.68 | 1,109.24 | 2,185.03 | 33.23 |
Oil *
77.73
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DOWN
18.90
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UP
0.38
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UP
9.22
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UP
0.48
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10 Yr
3.32%
SPDR Gold
119.18
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-0.18%
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+0.03%
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+0.42%
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+1.47%
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