24/7 Wall St. Daily Market Roundup
Each day, 24/7 Wall St. editors cover the news, identifying important events and market-moving stories.
The following are the highlights for our Media Digest 08/16/2010 Reuters, WSJ, New York Times, Financial Times and Bloomberg:
- Reuters: Japan’s Q2 CGP was only .1% or a rate of .4% for the year.
- Reuters: Worries about growth have moved from Europe to the US.
- Reuters: Bank of America (NYSE: BAC) may sell part of its share in Blackrock (NYSE: BLK).
- Reuters: Hulu will have an IPO which values that company at over $2 billion.
- Reuters: Ten-year yields hit a 16 month low on slow growth.
- Reuters: Gold moved up sharply and oil moved up on a weak dollar.
- Reuters: A Hong-Kong company plans to launch 3-D porn products.
- Reuters: A group in China may make a bid for 30% of American International Group’s (NYSE: AIG) AIA.
- New York Times: Some of Google Inc (NYSE: GOOG) partners do not like its net neutrality plans.
- Bloomberg: China favors the euro over the dollar.
- Bloomberg: Back to school slow shopping pace may hurt margins at retailers
These are this Monday's top analyst upgrades, downgrades, and initiations seen in Wall Street research calls:
- Atmel Corporation (NASDAQ: ATML) Cut to Market Weight at FBR.
- AEGON NV (NYSE: AEG) Raised to Overweight at JPMorgan.
- CenterPoint Energy, Inc. (NYSE: CNP) Started as Buy at BofA/Merrill Lynch.
- Chesapeake Energy Corporation (NYSE: CHK) Raised to Outperform at BMO.
- Corinthian Colleges Inc. (NASDAQ: COCO) Cut to Hold at Deutsche Bank.
- Dynegy Inc. (NYSE: DYN) Raised to Neutral at Macquarie; Raised to Neutral at UBS.
- Emdeon Inc. (NYSE: EM) Raised to Outperform at Wells Fargo.
- Noble Corp. (NYSE: NE) Started as Neutral at Goldman Sachs.
- Research in Motion Ltd. (NASDAQ: RIMM) Maintained negative at Goldman Sachs.
- Teradata Corporation (NYSE: TDC) Started as Market Perform at William Blair.