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 07/21/2010 Reuters, New York Times, and Bloomberg:
- Reuters: BP plc (NYSE: BP) said as it prepares to sell some assets that its CEO is not leaving.
- Reuters: The Senate is expected to approve an extension of unemployment benefits.
- Reuters: Apple Inc. (NASDAQ: AAPL) beat Street estimates.
- Reuters: Microsoft Corporation (NASDAQ: MSFT) will sell the Kinect for $150.
- Reuters: Icahn renewed his battle for Lions Gate.
- WSJ: Countrywide gave over 100 “VIP” loans to Freddie Mac.
- Reuters: Hedge fund Harbinger Capital will use Nokia (NYSE: NOK) to build its wireless network.
- The New York Times: The Greek rail system is deeply in debt.
- The New York Times: Economists are worried that all EU banks will pass the stress tests turning them into a joke.
- The New York Times: BP will sell $7 billion of assets to Apache (NYSE: APA).
These are this Wednesday's top analyst upgrades, downgrades, and initiations seen in Wall Street research calls:
- Annaly Capital Management, Inc. (NYSE: NLY) Raised to Outperform at FBR.
- Apache Corp. (NYSE: APA) Raised to Sector Perform at Scotia.
- Banco Santander, S.A. (NYSE: STD) Cut to Hold at Citigroup.
- General Maritime (NYSE: GMR) Raised to Overweight at JPMorgan.
- Gilead Sciences Inc. (NASDAQ: GILD) Cut to Hold at Citigroup.
- Goldman Sachs Group Inc. (NYSE: GS) Raised to Outperform at KBW.
- Harley-Davidson, Inc. (NYSE: HOG) Raised to Equal-Weight at Barclays.
- MEMC Electronic Materials Inc. (NYSE: WFR) Raised to Buy at Kaufman Bros.
- Seagate Technology PLC (NASDAQ: STX) Cut to Hold at Brean Murray; Reiterated Buy at Needham.
- Sequenom Inc. (NASDAQ: SQNM) Raised to Buy at Ladenberg Thalmann; Started as Hold at Jefferies.
- Ship Finance International Limited (NYSE: SFL) Cut to Underweight at JPMorgan.
- State Street Corp. (NYSE: STT) Raised to Buy at Stifel Nicolaus.
- Yahoo! Inc. (NASDAQ: YHOO) Cut to Hold at Citigroup.
Finally, here is the Twitter-24/7 Wall St. Stock Market Report 07/21/2010:
Among the most tweeted stocks on StockTwits are Apple, Inc (NASDAQ: AAPL), Goldman Sachs Group (NYSE: GS), Yahoo!, Inc (NASDAQ: YHOO), IBM (NYSE: IBM), Google, Inc. (NASDAQ: GOOG), Bank of American Corporation (NYSE: BAC), and Johnson & Johnson (NYSE: JNJ).