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 07/19/2010 Reuters, New York Times, and Bloomberg:
- Bloomberg: BP plc (NYSE: BP) is having trouble selling its Prudhoe Bay assets to Apache (NYSE: APA).
- Bloomberg: Stocks Rise on Earnings, Takeovers; Treasuries Drop
- Bloomberg: Delta Tumbles Most Since May as Operating Margin Forecast Misses Estimates.
- The New York Times: Nokia buys Motorola’s telecommunications network equipment business for $1.2 billion, giving it a position in the US.
- The New York Times: Boeing announced that it obtained an order for 30 wide-body 777 jets from Emirates Airline of Dubai at the Farnborough Air Show.
- Reuters: Moody’s downgraded Ireland’s debt.
- Reuters: Engineers detected seepage around the capped BP well.
- Reuters: American International Group (NYSE: AIG) named the former head of Prudential as head of AIA ahead of the planned IPO for that business.
- Reuters: LG plans to increase shipments of 3D laptops by 30%.
- The New York Times: Hundreds of thousands of Americans have enrolled in federally financed programs, but remain out of work.
These are this Monday's top analyst upgrades, downgrades, and initiations seen in Wall Street research calls:
- ARM Holdings plc (NASDAQ: ARMH) Cut to Sell at Benchmark.
- Baidu, Inc. (NASDAQ: BIDU) Maintained Hold but raised targets by Auriga.
- Citigroup Inc. (NYSE: C) Maintained Market Perform at KBW; Maintained Outperform at Oppenheimer.
- Perrigo Company (NASDAQ: PRGO) Cut to Sell at Goldman Sachs.
- ProLogis (NYSE: PLD) Raised to Outperform at Wells Fargo.
- Research In Motion Ltd. (NASDAQ: RIMM) Started as Buy at Dundee
- Stratasys (MASDAQ: SSYS) Raised to Buy at Needham.
- Yahoo! Inc. (NASDAQ: YHOO) Raised to Buy at ThinkEquity.
Finally, here is the Twitter-24/7 Wall St. Stock Market Report 07/19/2010:
Among the most tweeted stocks on StockTwits MACRO, USD, Nvidia(NASDAQ: NVDA), Zion Bancorporation (NASDAQ: ZION), Las Vegas Sands (NASDAQ: LVS).