24/7 Wall St. » BYD

24/7 Wall St. Closing Bell (ORCL, ITRI, CSX, ABB, GILD, BKS, BYD, CCO, CIE, DTG, HL, JAKK, M, MDT, PXD, SKS, WLK, THLD, CORT, GTXI, CHTP, WMT, WFT)

Paul Ausick — Tue, 21 Feb 2012 21:05:23 +0000

US markets opened higher this morning and traded higher for most of the day. The DJIA briefly rose above 13,000 for the first time in nearly 3 years. But in the early afternoon, apparently as a result of a failure to break through the 13,000 barrier, stocks turned south and all three indexes fell below their openings. The announced settlement in Greece boosted the market early, and climbing crude oil prices helped energy stocks all day. Commodity prices also rose today as the dollar lost strength. Crude oil was up sharply, with WTI crude up more than 2% at $105.50/barrel and Brent up 0.81% at $121.02/barrel. Gold settled at $1,758.50, up 1.9%, and a two-week high.

The unofficial closing bells put the DJIA up about 16 points to 12,965.99 (0.12%), the NASDAQ fell more than 3 points (-0.11%) to 2,948.57, and the S&P 500 rose 0.07% or nearly 1 point to 1,362.23.

There were several analyst upgrades and downgrades today, including Oracle Corp. (NASDAQ: ORCL) cut to ‘market perform’ at JMP Securities; Itron Inc. (NASDAQ: ITRI) cut to ‘neutral’ at Credit Suisse; CSX Corp. (NYSE: CSX) cut to ‘neutral’ at JPMorgan; ABB Ltd. (NYSE: ABB) cut to ‘equal weight’ at Morgan Stanley; and Gilead Sciences Inc. (NYSE: GILD) cut to ‘equal weight’ at Barclays.

Earnings reports since markets closed last Friday have led to some price changes as of the last half hour of trading today: Barnes & Noble Inc. (NYSE: BKS) is down -4.65% at $12.50 (more coverage here); Boyd Gaming Corp. (NYSE: BYD) is down -10.6% at $8.57; Clear Channel Outdoor Holdings Inc. (NYSE: CCO) is down -3.65% at $12.16; Cobalt International Energy Inc. (NYSE: CIE) is down -6.9% at $31.67; Dollar Thrifty Auto Group Inc. (NYSE: DTG) is up 2.3% at $75.08; Hecla Mining Co. (NYSE: HL) is up 9.6% at $5.50; JAKKS Pacific Inc. (NASDAQ: JAKK) is up 0.7% at $15.16; Macy’s Inc. (NYSE: M) is up 0.8% at $36.53 after posting a new 52-week high earlier today of $38.21; Medtronic Inc. (NYSE: MDT) is down -2.6% at $38.92; Pioneer Drilling Co. (NYSE: PXD) is down -0.2% at $113.45; Saks Inc. (NYSE: SKS) is up 3.4% at $11.24; Wal-Mart Stores Inc. (NYSE: WMT) is down -4.1% at $59.90; and Westlake Chemical Corp. (NYSE: WLK) is down -4.2% at $57.93.

We have a preview of tomorrow’s earnings reports here.

Other standouts from today include the following stocks:

Threshold Pharmaceuticals Inc. (NASDAQ: THLD) is up more than 43% at $5.06 after posting a new 52-week high of $6.65 earlier today. The pharmaceutical maker announced positive results for its pancreatic cancer treatment.

Corcept Therapeutics Inc. (NASDAQ: CORT) is up 49% at $4.52. The drug maker has received FDA approval for its Cushing Syndrome treatment.

GTx Inc. (NASDAQ: GTXI) is down more than -36% at $3.70. The drug maker reported that the FDA issued a clinical hold on further trials of its prostate cancer treatment.

Chelsea Therapeutics International Ltd. (NASDAQ: CHTP) is down nearly -18% at $2.75 after posting a new 52-weekl low of $2.18 earlier today. The development stage drug maker meets with an FDA panel on Thursday to review clinical data on a new drug application. More coverage here.

Weatherford International Ltd. (NYSE: WFT) is down nearly -14% at $15.34. The oil field services company will restate prior earnings due to what the company calls “material weakness in internal controls over financial reporting for income taxes relating to current taxes payable, certain deferred tax assets and liabilities, reserves for uncertain tax positions, and current and deferred income tax expense.” Weatherford expects to take a charge for $225-$250 million for the years before 2010. More coverage here.

Stay tuned for Wednesday. We have noted the following events on the schedule (all times Eastern):

7:00 a.m. – Mortgage Bankers Association purchase applications
10:00 a.m. – Existing home sales
11:30 a.m. – 4-week bill auction
1:00 p.m. – 5-year note auction

Paul Ausick

Filed under: 24/7 Wall St. Wire Tagged: ABB, BKS, BYD, CCO, CHTP, CIE, CORT, CSX, DTG, GILD, GTXI, HL, ITRI, JAKK, M, MDT, ORCL, PXD, SKS, THLD, WFT, WLK, WMT

Top Analyst Upgrades & Downgrades (ANDE, AINV, AMAT, BAC, BYD, CSTR, EXH, FSLR, HMA, KLAC, LNKD, MU, POT, HK, RCL, SNDK, CRM, SYMC, VMW)

Administrator — Fri, 05 Aug 2011 12:01:10 +0000

These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Friday morning.

The Andersons, Inc. (NASDAQ: ANDE) Maintained Buy as Value at Zacks.
Apollo Investment Corporation (NASDAQ: AINV) Cut to Neutral at JPMorgan.
Applied Materials Inc. (NASDAQ: AMAT) Started as Perform at Oppenheimer.
Bank of America Corporation (NYSE: BAC) Cut to Market Perform at Wells Fargo.
Boyd Gaming Corp. (NYSE: BYD) Raised to Neutral at Goldman Sachs.
Coinstar Inc. (NASDAQ: CSTR) Raised to Neutral at JPMorgan.
Exterran Holdings, Inc. (NYSE: EXH) Cut to Neutral at Credit Suisse.
First Solar Inc. (NASDAQ: FSLR) Cut to Hold at ThinkEquity.
Health Management Associates Inc. (NYSE: HMA) Cut to Hold at Argus.
KLA-Tencor Corporation (NASDAQ: KLAC) Started as Outperform at Oppenheimer.
LinkedIn Corporation (NYSE: LNKD) Cut to Equal Weight at Morgan Stanley.
Micron Technology Inc. (NASDAQ: MU) Started as Perform at Oppenheimer.
Potash Corp. of Saskatchewan (NYSE: POT) Raised to Outperform at Bull of the Day at Zacks.
Petrohawk Energy Corporation (NYSE: HK) Cut to Neutral at Credit Suisse.
Royal Caribbean Cruises (NYSE: RCL) Maintained Underperform as Bear of the Day at Zacks.
SanDisk Corporation (NASDAQ: SNDK) Started as Outperform at Oppenheimer.
Salesforce.com (NYSE: CRM) Raised to Outperform at Wells Fargo.
Symantec Corporation (NASDAQ: SYMC) Raised to Outperform at FBR.
VMware Inc. (NYSE: VMW) Raised to Outperform at Wells Fargo.

You are invited to join our free daily email distribution list to hear more about analyst upgrades and downgrades, top day trader and active trader alerts, dividend trends, news on Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.

JON C. OGG

Filed under: Analyst Calls Tagged: AINV, AMAT, ANDE, BAC, BYD, CRM, CSTR, EXH, FSLR, HK, HMA, KLAC, LNKD, MU, POT, RCL, SNDK, SYMC, VMW

Top Analyst Upgrades & Downgrades (MDRX, AMR, ADI, BHP, BYD, CHH, KIOR, LEAP, MRO, MAR, PCS, OSG, PFCB, RDC, SKH, TXN, VLO, YNDX)

Administrator — Wed, 03 Aug 2011 12:12:42 +0000

These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Wednesday morning.

Allscripts Healthcare Solutions, Inc. (NASDAQ: MDRX) Raised to Buy at Auriga.
AMR Corporation (NYSE: AMR) Cut to Neutral at JPMorgan.
Analog Devices Inc. (NYSE: ADI) Cut to Neutral at Stern Agee.
BHP Billiton Ltd. (NYSE: BHP) Cut to Neutral at Credit Suisse.
Boyd Gaming Corp. (NYSE: BYD) Cut to Underperform at BofA/ML.
Choice Hotels (NYSE: CHH) Raised to Neutral at Credit Suisse.
KiOR, Inc. (NASDAQ: KIOR) Started as Outperform at Credit Suisse.
Leap Wireless International Inc. (NASDAQ: LEAP) Cut to Neutral at Baird.
Marathon Oil Corporation (NYSE: MRO) Cut to Neutral at Credit Suisse.
Marriott International, Inc. (NYSE: MAR) Cut to Neutral at BofA/ML.
MetroPCS Communications, Inc. (NYSE: PCS) Cut to Neutral at Baird; Maintained Neutral but cut target to $12 at Credit Suisse; Maintained Buy with $22 target at Argus.
Overseas Shipholding Group Inc. (NYSE: OSG) Cut to Sell at Deutsche Bank; Cut to Hold at Jefferies.
P.F. Chang’s China Bistro, Inc. (NASDAQ: PFCB) Cut to Sell at Argus.
Rowan Companies (NYSE: RDC) Raised to Neutral at Credit Suisse.
Skilled Healthcare Group, Inc. (NYSE: SKH) Started as Underperform at BofA/ML.
Texas Instruments Inc. (NYSE: TXN) Cut to Neutral at Stern Agee.
Valero Energy Corporation (NYSE: VLO) Reiterated Buy with $35 target at Argus.
Yandex N. V. (NASDAQ: YNDX) Started as Overweight at JPMorgan.

JON C. OGG

Filed under: Analyst Calls Tagged: ADI, AMR, BHP, BYD, CHH, KIOR, LEAP, MAR, MDRX, MRO, OSG, PCS, PFCB, RDC, SKH, TXN, VLO, YNDX

Major S&P Index Changes Impacting Shares (MPC, RSH, HHS, HTCH, MRO, AMCXV, BYD, SRT, CVC, HOC, FTO, ENTR, GM)

Administrator — Fri, 24 Jun 2011 11:46:50 +0000

We have some major changes announced by S&P for its three key indexes. Changes are in the S&P 500 Index, S&P Mid-Cap 400 Index, and in the S&P SMall Cap 600 Index.

Marathon Petroleum Corporation (NYSE: MPC) will replace RadioShack Corporation (NYSE: RSH) with only a $1.4 billion market cap in the S&P 500 index, RadioShack will replace Harte-Hanks Inc. (NYSE: HHS) in the S&P MidCap 400 index, and Harte-Hanks with a $530 million market capitalization will replace Hutchinson Technology Inc. (NASDAQ: HTCH) in the S&P SmallCap 600 index as it ranked as #600 by market cap in the index.

Marathon Oil Corp. (NYSE: MRO), a current S&P 500 constituent, is spinning off Marathon Petroleum to its shareholders after the market close on June 30; what’s left of Marathon Oil will remain in the S&P 500 index following the spin-off. S&P SmallCap 600 index and is no longer representative of the small cap market space.

AMC Networks Inc. (NASDAQ: AMCXV) will replace Boyd Gaming Corporation (NYSE: BYD) in the S&P MidCap 400 index; Boyd Gaming will replace StarTek Inc. (NYSE: SRT) in the S&P SmallCap 600 index as StarTek has only a $62 million market cap. Cablevision Systems Corp. (NYSE: CVC) is spinning off AMC Networks after the market close on June 30 and what remains of Cablevision Systems will remain in the S&P 500 index.

Holly Corp. (NYSE: HOC), a S&P SmallCap 600 constituent, will replace Frontier Oil Corp. (NYSE: FTO) in the S&P MidCap 400 index. Entropic Communications Inc. (NASDAQ: ENTR) will replace Holly in the S&P SmallCap 600. Holly is acquiring Frontier Oil in a deal expected to be completed on or about June 30 and it will change its name to HollyFrontier Corporation after the merger.

These index changes matter, but the largest gains generally come from the new additions rather than when a company moves up or down in the indexes. RadioShack is indicated down about 2% and under $13.00; and Entropic is indicated up 3% around $8.55 but no trades have been seen.

As far as the others mentioned in the move, they are ratcheted moves within the various indexes. The surprise is a simple one by our take: No General Motors Corporation (NYSE: GM) yet in the S&P 500 despite a $45 billion market cap.

JON C. OGG

Filed under: Index, Trading Alert Tagged: AMCXV, BYD, CVC, ENTR, FTO, GM, HHS, HOC, HTCH, MPC, MRO, RSH, SRT

Top Analyst Upgrades & Downgrades (AONE, BCS, BYD, CPST, CTXS, HBC, JBL, LOW, LPX, MMYT, PCS, PLD, RAI, SPLS, SBUX, TXN)

Administrator — Mon, 06 Jun 2011 12:07:05 +0000

These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Monday morning.

A123 Systems, Inc. (NASDAQ: AONE) Cut to Sector Perform at Pacific Crest.
Barclays PLC (NYSE: BCS) Started as Outperform at Credit Suisse.
Boyd Gaming Corp. (NYSE: BYD) Raised to Neutral at JPMorgan.
Capstone Turbine Corporation (NASDAQ: CPST) Started as Outperform at FBR.
Citrix Systems, Inc. (NASDAQ: CTXS) Raised to Outperform as Bull of the Day at Zacks.
HSBC Holdings plc (NYSE: HBC) Started as Neutral at Credit Suisse.
Jabil Circuit Inc. (NYSE: JBL) Reiterated Focus List Buy with $24 target at Argus.
Lowe’s Companies Inc. (NYSE: LOW) Cut to Neutral at JPMorgan.
Louisiana-Pacific Corporation (NYSE: LPX) Cut to Neutral at BofA/ML.
MakeMyTrip Limited (NASDAQ: MMYT) Raised to Outperform at Oppenheimer.
MetroPCS Communications, Inc. (NYSE: PCS) Cut to Sector Perform at RBC.
ProLogis (NYSE: PLD) Started as Neutral at Credit Suisse.
Reynolds American Inc. (NYSE: RAI) Raised to Equal-Weight at Morgan Stanley.
Staples, Inc. (NASDAQ: SPLS) Named as Bear of the Day at Zacks.
Starbucks Corporation (NASDAQ: SBUX) Raised to Outperform at BMO.
Texas Instruments Inc. (NYSE: TXN) Started as Buy at ThinkEquity.

JON C. OGG

Filed under: Analyst Calls Tagged: AONE, BCS, BYD, CPST, CTXS, HBC, JBL, LOW, LPX, MMYT, PCS, PLD, RAI, SBUX, SPLS, TXN

Top Analyst Upgrades & Downgrades (BYD, BKE, CSIQ, CLNE, ENER, ESLR, HANS, IM, JCP, MBT, PL, USI, VLO)

Administrator — Fri, 11 Mar 2011 13:15:02 +0000

These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Friday morning.

Boyd Gaming Corp. (NYSE: BYD) Reiterated Outperform at Credit Suisse.
The Buckle Inc. (NYSE: BKE) Raised to Hold at S&P Equity Research (late-Thursday call).
Canadian Solar, Inc. (NASDAQ: CSIQ) Maintained Buy with $20 target at Auriga.
Clean Energy Fuels Corp. (NASDAQ: CLNE) Maintained Neutral, lowered estimates, but Raised target to $15 at BofA/ML.
Energy Conversion Devices, Inc. (NASDAQ: ENER) maintained Neutral but target cut to $2.50 at Credit Suisse.
Evergreen Solar Inc. (NASDAQ: ESLR) Cut to Underweight at JPMorgan.
Hansen Natural Corporation (NASDAQ: HANS) Cut to Neutral at Goldman Sachs.
Ingram Micro Inc. (NYSE: IM) Raised to Buy at S&P Equity Research (late-Thursday call).
J.C. Penney Co., Inc. (NYSE: JCP) named Bull of the Day at Zacks Investment Research.
Mobile Telesystems (NYSE: MBT) Raised to Outperform at Credit Suisse.
Protective Life Corp. (NYSE: PL) Raised to Neutral at BofA/ML.
Unisys Corporation (NYSE: UIS) Raised to Hold at S&P Equity Research (late-Thursday call).
Valero Energy Corporation (NYSE: VLO) Reiterated Outperform and target raised to $41 at Credit Suisse.

You can join our free daily email distribution list to hear more about analyst upgrades and downgrades, top day trader and active trader alerts, dividend trends, news on Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.

JON C. OGG

Filed under: Analyst Calls Tagged: BKE, BYD, CLNE, CSIQ, ENER, ESLR, HANS, IM, JCP, MBT, PL, USI, VLO

Top Analyst Upgrades & Downgrades (AVL, BYD, CAT, COP, DMD, JNS, MCP, TAP, NLSN, PPL, SLE, SBUX)

Administrator — Mon, 07 Mar 2011 13:05:51 +0000

These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Monday morning.

Avalon Rare Metals, Inc. (AMEX: AVL) Started as Sector Outperform at CIBC.
Boyd Gaming Corp. (NYSE: BYD) Cut to Sell at Goldman Sachs.
Caterpillar Inc. (NYSE: CAT) Raised to Outperform as Bull of the Day at Zacks Investment Research.
ConocoPhillips (NYSE: COP) Raised to Hold at Citigroup.
Demand Media Inc. (NYSE: DMD) Started as Neutral at Goldman Sachs; Started as Buy at UBS.
Janus Capital Group Inc. (NYSE: JNS) Cut to Underperform at BofA-ML.
Molycorp, Inc. (NYSE: MCP) Started as Sector Outperform at CIBC.
Molson Coors Brewing Company (NYSE: TAP) Cut to Hold at Argus.
Nielsen Holdings N.V. (NYSE: NLSN) Started as Buy at BofA-ML; Started as Buy at Deutsche Bank; Started as Overweight at JPMorgan; Started as Outperform at William Blair.
PPL Corporation (NYSE: PPL) Raised to Overweight at Barclays.
Sara Lee Corporation (NYSE: SLE) Cut to Neutral at Zacks Investment Research.
Starbucks Corporation (NASDAQ: SBUX) Raised to Overweight at Morgan Stanley.

JON C. OGG

Filed under: Analyst Calls Tagged: AVL, BYD, CAT, COP, DMD, JNS, MCP, NLSN, PPL, SBUX, SLE, TAP

Private Equity Firms Eye Shaky IPO for Harrah’s (LVS, WYNN, MGM, MPEL, BYD)

Administrator — Mon, 25 Oct 2010 16:59:52 +0000

Last week private equity firms Apollo Management LP and TPG filed documents with the US Securities and Exchange Commission for an IPO of Harrah’s Entertainment Inc., the gaming firm the two firms purchased in 2008. At the time, Apollo and TPG each anted up $1.325 billion for a 23% stake each in Harrah’s, and added another $12 billion in debt to pay for the deal, according to The Wall Street Journal.

The SEC filing comes as some signs of life reappear in the casino business. Las Vegas Sands Corp. (NYSE: LVS)and Wynn Resorts Ltd. (NASDAQ: WYNN) both beat EPS expectations in the June quarter. The not-as-good news is that MGM Resorts International (NYSE: MGM) and Melco Crown Entertainment Ltd. (NASDAQ: MPEL) missed June quarter forecasts. Boyd Gaming Corp. (NYSE: BYD) reported weaker-than-expected EPS this morning although the company did beat revenue expectations.

Harrah’s IPO filing did not disclose either the amount of stock to be sold or the expected pricing of the stock, but the offering is expected to raise about $575 million. The test here is whether or not private equity firms can beat down investors’ doors. Apollo and TPG bought Harrah’s at a market peak, and even though Harrah’s has cut $500 million in costs, the company allowed hedge fund Paulson & Co. to take on $710 million in Harrah’s debt in June for about $470 million. That implies a value for Harrah’s of $4.7 billion.

If the Apollo and TPG cash out in an IPO, each would lose at least $200 million, according to the WSJ. Proceeds from the IPO would not be used to pay down debt, but would go instead to complete unfinished projects in the US.

And that’s another part of the problem for Harrah’s. The company lacks a presence in Macau, currently the global hot spot for building casinos and resorts.

Harrah’s has pushed the US Congress to allow internet gambling, and it may be getting somewhere with that campaign. Without a Macau location or the ability to leverage its World Series of Poker on-line, Harrah’s may have a tough time convincing investors that it is worth the risk.

The outlook for casinos is improving slightly, so that may help the Harrah’s IPO. Fitch Ratings recently upped its outlook for MGM to “positive” after the company’s announcement of a follow-on offer to raise $595 million.

But the rosier future might not include Harrah’s, which would still hold about $20 billion in debt after the IPO. Apollo and TPG would not sell all their stakes at the IPO, probably hoping that they will be able to recoup more if they stay in the game. Now that’s high stakes poker.

Paul Ausick

Filed under: Casinos, IPOs, Private Equity Tagged: BYD, LVS, MGM, MPEL, WYNN

Top Analyst Upgrades & Downgrades (ALU, AEP, ARNA, BYD, CHL, CHU, KO, CVH, SJM, FCS, GENZ, ITRI, MU, STM, TXN)

Administrator — Mon, 02 Aug 2010 12:25:37 +0000

There are many big analyst calls this Monday. These are some of this morning’s top analyst upgrades, downgrades, and initiations seen from 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.
Boyd Gaming Corp. (NYSE: BYD) Raised to Hold at Jefferies.
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.
Fairchild Semiconductor International Inc. (NYSE: FCS) Cut to Neutral at Baird.
Genzyme Corporation (NASDAQ: GENZ) Cut to Hold at Citigroup.
Itron, Inc. (NASDAQ: ITRI) Cut to Underperform at Macquarie.
Micron Inc. (NASDAQ: MU) Cut to Neutral at Baird; Reiterated Buy at Auriga.
STMicroelectronics NV (NYSE: STM) Cut to Neutral at Baird.
Texas Instrumenst Inc. (NYSE: TXN) Cut to Neutral at Baird.

You can join our free daily email distribution list to hear more about dividend trends, analyst upgrades and downgrades, top day trader and active trader alerts, news on Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.

JON C. OGG

Filed under: Analyst Calls Tagged: AEP, ALU, ARNA, BYD, CHL, CHU, CVH, FCS, GENZ, ITRI, KO, MU, SJM, STM, TXN

The Twitter-24/7 Wall St. Stock Market Report 5.16 The Wisdom Of Crowds?

247wallst — Mon, 17 May 2010 12:40:33 +0000

Twitter has, by most estimates, 100 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than one million Twitter users. It raises the question of whether there is wisdom in crowds.

24/7 Wall St. will look at the Twitter posts at Reuters Biz, WSJ, Financial Times, CNN Money, MarketWatch, CNBC, and 24/7 Wall St. each day to see which stocks are most frequently mentioned. It is clear that in this area of social media these tweet are a sign of which companies the Twitter universe is interested in. These financial sites are followed by a combined 625,000 Twitter users which makes them a sizeable sample of Wall St.’s interests. In some cases, we will publish the actual tweets from the sites.

Among the daily top trending symbols on stock twitter aggregator StockTwits are Boyd Gaming Corp (NYSE: BYD), Psychiatric Solutions, Inc (NASDAQ: PSYS), MasterCard Incorporated (NYSE: MA), and Copart, Inc (NASDAQ: CPRT)

CNN Money: Euro falls to four-year low http://bit.ly/9COPxt

MarketWatch: Lowe’s expects to see ‘solid demand’ as first-quarter profit and sales rise http://on.mktw.net/dnlDLu

FT: Volcanic ash brings fresh air travel delays: Air travellers face further travel chaos after the volcanic ash cloud… http://bit.ly/aCetoo

WSJ: GM reports an $865 million profit in the first quarter, its first since 2007. Revenue grew 40% to $31.5 billion… http://on.wsj.com/9eXc52

Reuters Biz: Lowe’s profit tops estimates http://link.reuters.com/haf64k

Reuters Biz: Markets punish euro, shares before EU talks http://link.reuters.com/puc64k

Reuters Biz: China’s growth passes peak and more tightening feared http://link.reuters.com/jab64k

Douglas A. McIntyre

Filed under: Research Tagged: BYD, CPRT, MA, PSYS, Twitter