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 07/22/2010 Reuters, WSJ, New York Times, Financial Times and Bloomberg:
- Reuters: eBay’s (NASDAQ: EBAY) earnings beat the Street and Starbucks (NASDAQ: SBUX) and Netflix (NASDAQ: NFLX) posted disappointing results.
- Reuters: Jobless claims rise more than expected last week.
- Reuters: California city approves marijuana farming
- The New York Times: GM sales move up sharply in China, rising over 48.5% over the same period last year.
- The New York Times: Four of the biggest oil firms, Exxon Mobil, Chevron, ConocoPhillips and Royal Dutch Shell, pledge $1 billion to create a rapid-response system to deal with deepwater oil spills in the Gulf of Mexico
- The New York Times: Markets Sharply Higher on Strong Earnings
- The New York Times: HUD to investigate mortgage loan denials because applicants were pregnant or on short-term disability
- Bloomberg: AT&T profits beat estimates on demand for iPhone
- Bloomberg: Motorola Accuses Huawei of Stealing Mobile-Phone Trade Secrets
- Bloomberg: Microsoft may use cash to boost dividend after two year lull
These are this Thursday's top analyst upgrades, downgrades, and initiations seen in Wall Street research calls:
- Concur Technologies (NASDAQ: CNQR) Raised to Buy at Jefferies.
- Dr Reddy’s (NYSE: RDY) Cut to Equal-weight at Morgan Stanley
- Human Genome Sciences (NASDAQ: HGSI) Raised to Outperform at Baird.
- Linear Technology Corp. (NASDAQ: LLTC) Reiterated Buy but Raised target to $40 at Gleacher.
- Pepco Holdings (NYSE: POM) Raised to Neutral at JPMorgan.
- SolarWinds (NYSE: SWI) Cut to Hold at Needham; Cut to Hold at Jefferies; Goldman Sachs cut to Neutral.
- Xilinx (NASDAQ: XLNX) Reiterated Buy and Raised target to $33 at Gleacher.
Finally, here is the Twitter-24/7 Wall St. Stock Market Report 07/22/2010:
Among the most tweeted stocks on StockTwits are Netflix (NASDAQ: NFLX), Baidu Inc. (NASDAQ: BIDU), GBPUSD, Ebay (NASDAQ: EBAY), and Yahoo! (NASDAQ: YHOO)