The Week Ahead - AM Noteables

 AM Noteables: Focusing on Upgrades Today's with the big overnight gap down in the SP Futures. Also, minus to plus strength.


(KLAC)
7:50a KLA-Tencor Raised To Overweight From Equalweight By Morgan
Stanley >KLAC

Wells Fargo (WFC)
Raised To Buy From Neutral By Sterne Agee >WFC

Jones Group Inc. (JNY)
upgraded to Neutral from Sell at Goldman

Weight Watchers (WTW)
8:23a (T3) Tim_K:  Weight Watchers ests raised at Wedbush on Q2 beat andraise driven by solid momentum in meeting and onlinebusinesses; target lowered to $79
8:24a (T3) Tim_K:  Weight Watchers upgraded to Buy from Hold at Capstone
8:24a (T3) Tim_K:  Capstone upgraded Weight Watchers based on valuation. Price target loweredto $71 from $75.

Tonight's Noteable Post Market Chat

AM Action: 


Unemployment # Comes in Better than expected - Equities rally pre market 9.1% vs. 9.2% last month.
The revision seems to have helped.


Apple (AAPL)
Price target raised to $540 from $450 at Needham



LinkedIn (LNKD)
Cut To Equalweight From Overweight By Morgan Stanley >LNKD



Priceline.com Inc.  (PCLN)

7:57a (T3) Tim_K:  Priceline.com target raised to $700 from $650 at Citigroup
7:58a (T3) Tim_K:  Priceline.com target raised to $640 from $625 at Deutsche Bank


Brocade Comm Systems (BRCD)
Cuts 3Q Revenue, EPS Views
 

Dendreon Corporation (DNDN) Shorting the Record 8 Downgrades

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Cree Inc. (CREE) Minus to Plus Long Trade

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Last Nights Headlines - AM Action

 AM Action:

(GLD) (SLV) Overnight highs in spot silver were above 42. Next Fib in SLV is 42,  Short term resistance is yesterdays highs  at 40.95. Support at 40.16 the daily 50 fib level

Dendrion Corp. (DNDN) "Down 61% pre market at $15"
 7:30a (T3) Tim_K:   Brean Murray downgrades DNDN to Sell from Buy and lowers their tgt to $6from $60
 7:30a michael:  DNDN 8 Downgrades so far

ON Semiconductor Corp. (ONNN)
7:38a (T3) Tim_K:    ThinkEquity downgraded ON Semiconductor based on weaker than expectedgross margins and outlook. Price target lowered to $9 from
7:39a (T3) Tim_K:  ON Semiconductor downgraded to Hold from Buy at ThinkEquity


Last Nights Headlines:

4:02p THOR beats in motion
4:03p slow so far
4:03p
4:03p     meli in line
4:03p     BID nice report

Tonight's Noteable Post Market Chat

 AM Action:

(GLD), (SLV) Up on the overnight session and off highs after a better than expected ADP report


(ILMN)
Illumina Inc. 100 million repurchase



Peet's Coffee (PEET)
Ttarget raised to $72 from $60  at Stifel Nicolaus

 

Micro Strategy (MSTR)
Off 15 points pre market on a bad miss



Last Nights Headlines:
 
3:56p news source earnings Stocks To eatch:     ABCO APEI AMRS BIO BBOX BKI BOOM CAVM CRL CSGS DGI EXAM FIX FNGN GLUU JBT JCOM KFRC KND KRA LF MDRX MRCY MPWR MSTR MOLXA MPWR OPEN OPLK PEET PLT PODD POWI QSFT QDEL SGI SIMG SMSI SONS SFSF SMCI TRMB VCLK WMC WBMD
3:59p uinside a minute here
4:00p shoot - brb
4:02p back on JR
4:02p     csgs warn
4:02p LF is bad

Last Nights Noteables - AM Action

AM Action:

Nokia (NOK)
S&P Downgrades Nokia With Neg Outlook Due To Poor Prospects In
Devices & Services Segment

Becton Dickinson (BDX)
beats by $0.10, beats on revs; raisesFY11 EPS above consensus

Sohu.com (SOHU)

upgraded to Neutral from Reduce at Nomura - Nomura upgraded Sohu.com based on stronger than expected Q2 results andoutlook. Price target is $85.

Range Resources (RRC)
Price target raised to $73 from $59 at RW Baird

Sohu.com, Inc. (SOHU) Pre-Market Short Trade

Click chart for larger view. See multiple arguments below.

Stocks That Worked: ON THE WIRE FRIDAY

Click on the charts for larger image. See detailed arguments below.

http://myemail.constantcontact.com/Proprietary-Equity-Traders-Wanted---NYC-Office.html?soid=1103251461788&aid=3Ym7YhFaqf8

http://myemail.constantcontact.com/Proprietary-Equity-Traders-Wanted---NYC-Office.html?soid=1103251461788&aid=3Ym7YhFaqf8 *DISCLOSURE: Today's Trade: SOHU short threw 90 pre market on good #'s

The Week Ahead - AM Noteables

AM headlines: 

Sohu.com (SOHU) "Plus to Minus in the pre market - Contra trade - seems priced in - Looks good short for the moment with the overall strength in the broader pre market"
Sohu.com reports Q2 EPS $1.21 vs. consensus $1.06  Reports Q2 revenue $198.7M vs. consensus $190.78M. Exceeds high-end of guidance by 3c and $5.7M.

Jazz Pharma (JAZZ)
Upgraded to Buy from Hold at Jefferies; tgt raised to $52 from $29


Amazon (AMZN)

Ramps up for significantly greater earnings power, Barron's says


Expedia (EXPE)

High-flying Expedia may have little room to rise, Barron's says