24/7 Wall St. Morning Market Roundup
Every morning, 24/7 Wall St. editors cover the news, identifying important events and market-moving stories.
The following are the highlights for our Media Digest 08/02/2010 Reuters, WSJ, New York Times, Financial Times and Bloomberg:
- Reuters: BP plc (NYSE: BP) has made final plans to plug its well.
- Reuters: The dollar index fell to a three-month low due to a slowing economy.
- Reuters: Goldman Sachs Group (NYSE: GS) defended its collateral calls on American International Group (NYSE: AIG).
- Reuters: Research In Motion (NASDAQ: RIMM) BlackBerry users in UAE and Saudi Arabia may have their service cut.
- Reuters: E-book sales are up at Random House.
- Reuters: A Chinese wind turbine company will try to complete a US IPO.
- Reuters: Japan’s ANA will seek money from international partners to set up a low-cost airline.
- Wall Street Journal: Large investors have begun to prepare for deflation.
- New York Times: Chinese state-owned companies are bidding up real estate prices.
- New York Times: An effort by the Administration to raise exports is faltering.
- New York Times: Tumblr is a new rival to Facebook and Twitter.
- New York Times: NewsBasis will try to connect reporters and PR people.
- Bloomberg: U.S. manufacturing expanded at slower pace in July.
- Bloomberg: AT&T (NYSE: T) and Verizon Wireless are setting a venture to compete with Visa (NYSE: V) and MasterCard (NYSE: MA) for online billing.
These are this Monday's top analyst upgrades, downgrades, and initiations seen in Wall Street research calls:
- Alcatel-Lucent (NYSE: ALU) Maintained Neutral but target lowered to 2.40(EUR) at Goldman Sachs; Started as Buy at Deutsche Bank.
- American Electric Power Co., Inc. (NYSE: AEP) Cut to Perform at Oppenheimer.
- Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) Cut to Neutral at JPMorgan.
- China Mobile Limited (NYSE: CHL) Started as Neutral at JPMorgan.
- China Unicom Hong Kong Limited (NYSE: CHU) Started as Overweight at JPMorgan.
- The Coca-Cola Company (NYSE: KO) Raised to Overweight at JPMorgan.
- Coventry Health Care Inc. (NYSE: CVH) Raised to Outperform at Leerink Swann.
- The J.M. Smucker Company (NYSE: SJM) Cut to Hold at Jefferies.
- Genzyme Corporation (NASDAQ: GENZ) Cut to Hold at Citigroup.
- Micron Inc. (NASDAQ: MU) Cut to Neutral at Baird; Reiterated Buy at Auriga.
Follow Technorati