The unofficial closing bells put the DJIA up nearly 157 points to 12,862.23 (1.23%), the NASDAQ rose nearly 46 points (1.61%) to 2,905.66, and the S&P 500 rose 1.46% or more than 19 points to 1,344.90.

There were several analyst upgrades and downgrades today, including Marathon Oil Corp. (NYSE: MRO) cut to ‘hold’ at Argus; Peet’s Coffee & Tea Inc. (NASDAQ: PEET) raised to ‘outperform’ at Baird; Research in Motion Ltd. (NASDAQ: RIMM) cut to ‘underperform’ at Jefferies; Urban Outfitters Inc. (NASDAQ: URBN) raised to ‘buy’ at Janney Capital; and Chesapeake Energy Corp. (NYSE: CHK) started as ‘neutral’ at Credit Suisse.

Earnings reports since markets closed last night have led to some price changes as of the last half hour of trading today: Gilead Sciences Inc. (NASDAQ: GILD) is up more than 11% at $54.83 after posting a new 52-week high of $54.90 earlier (see our coverage here); Genworth Financial Inc. (NYSE: GNW) is up more than 13% at $9.12; PC Connection Inc. (NASDAQ: PCCC) is down nearly -20% at $10.22; Novellus Systems Inc. (NASDAQ: NVLS) is down -0.73% at $48.98, but posted a new 52-week high of $49.92 earlier in the day; PerkinElmer Inc. (NYSE: PKI) is up more than 6% at $26.21; Beam Inc. (NYSE: BEAM) is up 2.4% at $54.28; Estee Lauder Cos. Inc. (NYSE: EL) is down -3.64% at $56.71 (more coverage here); and Weyerhaeuser Co. (NYSE: WY) is up more than 5% at $21.19.

Other standouts from today include the following stocks:

Threshold Pharmaceuticals Inc. (NASDAQ: THLD) is up nearly 115% at $2.77. The pharmaceuticals firm has announced a global development deal with Germany’s Merck.

Tudou Holdings Ltd. (NASDAQ: TUDO) is up nearly 19% at $16.66. The Chinese online video company has signed a deal with Sina Corp. (NASDAQ: SINA) to provide a video platform for Sina Weibo, a Twitter-like social site.

Zoltek Cos. Inc. (NASDAQ: ZOLT) is up nearly 39% at $13.14. The specialty fibers maker posted good earnings number and forecast continued growth in the market for wind turbines which use its carbon fibers in blade construction.

STR Holdings Inc. (NASDAQ: STRI) is down nearly -20% at $9.08. The company manufactures materials used in solar PV modules, and lowered its fourth-quarter guidance this morning.

Mannkind Corp. (NASDAQ: MNKD) is down nearly -13% at $2.15 after posting a new 52-week low of $2.14 earlier. The biotech company has priced its public offering of units containing one share of stock and warrant to purchase another 0.6 shares. More coverage here.

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

• 11:30 a.m. – 3- and 6-month Treasury bill auction
• 3:00 p.m. – Treasury STRIPS

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Have a great weekend.

Paul Ausick

After the first half hour of trading this morning, Threshold is up nearly 83% at $2.36. Volume is about 20 x the daily average of about 137,000 shares traded. The pharmaceuticals firm has announced a global development deal with Germany’s Merck. See our coverage here.

Zoltek is more than 45% at $13.75. Volume is about 7x the daily average of about 263,000 shares traded. The specialty fibers maker posted good earnings number and forecast continued growth in the market for wind turbines.

Genworth is up nearly 14% at $9.15. Volume is already nearly equal to the daily average of about 9.3 million shares traded. The financial services company reported better-than-expected earnings last night, and growth in its life insurance business.

STR Holdings is down nearly -17% at $9.42. Volume is already above the daily average of about 287,000 shares traded. The company manufactures materials used in solar PV modules, and lowered its fourth-quarter guidance this morning.

Intermec is down more than -11% at $7.77. Volume is already more than half the daily average of about 254,000 shares traded. The RFID products maker missed estimates and has lowered guidance.

The DJIA is up 1.26% at about 12,866, the Nasdaq Composite is up 1.36% at about 2,899, and the S&P 500 is up 1.29% at about 1,343. The unexpectedly buoyant employment report is driving the market this morning.

Paul Ausick

We have two homebuilder earnings due from Beazer Homes USA Inc. (NYSE: BZH) and PulteGroup, Inc. (NYSE: PHM).  Other key earnings to watch will be from the following: Blackstone Group L.P. (NYSE: BX); Boston Scientific Corporation (NYSE: BSX); CME Group Inc. (NYSE: CME); Dow Chemical Co. (NYSE: DOW); Genworth Financial Inc. (NYSE: GNW); Gilead Sciences Inc. (NASDAQ: GILD); International Paper Co. (NYSE: IP); Kellogg Co. (NYSE: K); MasterCard Inc. (NYSE: MA); Merck & Co. Inc. (NYSE: MRK); Royal Caribbean Cruises Ltd. (NYSE: RCL); Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT); Trimble Navigation Ltd. (NASDAQ: TRMB); Vertex Pharmaceuticals Inc. (NASDAQ: VRTX); YRC Worldwide Inc. (NASDAQ: YRCW).

We have included Thomson Reuters consensus estimates on each company.  On most we have included pricing data and/or other bits of color for traders to consider.

We have two different homebuilders on deck to report.  Beazer Homes USA Inc. (NYSE: BZH) is expected to post -$0.36 EPS on $211.4 million in sales and we would watch cancellation rates on contracts as well as the quality of the earnings.  Second is PulteGroup, Inc. (NYSE: PHM) with an expected positive earnings of $0.07 EPS on $1.14 billion in sales.  Pulte’s cancellation rates and quality of earnings will also have to be monitored.

Blackstone Group L.P. (NYSE: BX) will show private equity wealth and earnings in the morning.  The firm is expected to report earnings of $0.38 EPS on revenues of $986.75 million.

Boston Scientific Corporation (NYSE: BSX) has been down and out for longer than any current and past holder would like to consider.  Thomson Reuters has estimates of $0.08 EPS on $1.91 billion in sales.

CME Group Inc. (NYSE: CME) is expected to report earnings of $3.71 EPS and $754 million in sales before the market opens.  With a possibility of a state-relocation and the ongoing pressure of exchange mergers we would be watching this one.  At roughly $244.50, the 52-week trading range is $224.69 to $317.27.

Dow Chemical Co. (NYSE: DOW) is expected to turn in earnings of $0.30 EPS on $14.19 billion in sales.  The report is due in the morning.

Genworth Financial Inc. (NYSE: GNW) is expected to report earnings of $0.19 EPS on $2.58 billion in sales.  The shares are now up over 60% from the lows of the last year and the stock still remains pressured due to the mortgage insurance overhang that has been in place for quite some time.

Gilead Sciences Inc. (NASDAQ: GILD) has shocked the market by outperforming despite what appears to be a bad use of effort and capital in the large acquisition.  Still, shares hit a new 52-week high on Wednesday.  Thomson Reuters has estimates of $1.05 EPS and $2.18 billion in sales. 

International Paper Co. (NYSE: IP) is close to being within striking range of a 52-week high and it pays well above a 3% yield today.  Thomson Reuters has estimates of $0.61 EPS and $6.5 billion in sales.

Kellogg Co. (NYSE: K) is lagging and actually close to a 52-week low with shares around the $49.50 mark. The estimates are $0.63 on $2.99 billion in sales.  The bar is set very low here.

MasterCard Inc. (NYSE: MA) will show just what the interchange fee problems look like, but that is not fully reflected at all in current numbers.  The consensus estimates are $3.92 EPS and $1.73 billion in sales. With shares around $357 some are concerned over valuations here.

Merck & Co. Inc. (NYSE: MRK) is reporting early Thursday morning and the company’s higher dividend hike has shares trading very close to 52-week highs with a price of close to $38.70 andf a 52-week range of $29.47 to $39.43.  Estimates are $0.95 EPS and $12.53 billion in sales. To show just how low growth is the estimates of $3.76 EPS and $48.23 billion in sales for all of 2011 are only expected to be $3.83 EPS on $47.62 billion in sales for all of 2012.

Royal Caribbean Cruises Ltd. (NYSE: RCL) may or may not release.  With its rival’s disaster, we are not doing much legwork here.  Thomson Reuters has a projection of $0.15 EPS and $1.78 billion in sales.

Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT) is key for hotel investors and this one is expected to post $0.57 EPS on $1.42 billion in sales. Starwood has over $1 billion in cash but is still trading at a high 3.7-times book value.

Trimble Navigation Ltd. (NASDAQ: TRMB) is not so widely watched on its own, but it is used as a barometer reading for Garmin.  Trimble estimates are $0.48 EPS and $419.10.

Vertex Pharmaceuticals Inc. (NASDAQ: VRTX) has been in the news with new FDA approvals.  We have Thursday as the tentative date and estimates are $0.73 EPS and $523.66 million in sales.

YRC Worldwide Inc. (NASDAQ: YRCW) is set to report and it is a puzzlement as to how this stock is still alive.  On a reverse split basis the $12.83 price compares to a 52-week range of $7.94 to somewhere over $1,000.  The consensus is listed as -$6.97 EPS but we have no idea how these targets are composed on this company.

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JON C. OGG

Agrium Inc. (NYSE: AGU) Cut to Sector Perform from Outperform at RBC Capital Markets.
Banco Latinoamericano de Comercio Exterior, S.A. (NYSE: BLX) named as value stock of the day at Zacks Investment Research.
Genworth Financial Inc. (NYSE: GNW) Downgraded to Underperform from Neutral at Zacks Investment Research.
HSBC Holdings PLC (NYSE: HBC) maintained Underperform but also named as Bear of the Day at Zacks Investment Research.
Jefferies Group, Inc. (NYSE: JEF) Cut to Hold from Buy by Meredith Whitney (Late-Wednesday call).
Micron Technology, Inc. (NASDAQ: MU) Maintained Buy with $11 target at Stern Agee; maintained as Outperform at Credit Suisse.
Norfolk Southern Corporation (NYSE: NSC) maintained Outperform as Bull of the Day at Zacks Investment Research.
Potash Corp. of Saskatchewan (NYSE: POT) Raised to Outperform from Sector Perform at RBC Capital Markets.
Saks Inc. (NYSE: SKS) Downgraded to Neutral from Outperform at Zacks Investment Research.
VIVUS, Inc. (NASDAQ: VVUS) Cut to Neutral from Buy at Roth Capital; Maintained as Outperform at Credit Suisse.

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JON C. OGG

We had many key calls that stood out this week in shares of the following: Alcatel-Lucent SA (NYSE: ALU); Amazon.com Inc. (NASDAQ: AMZN); Apple Inc. (NASDAQ: AAPL); Cisco Systems Inc. (NASDAQ: CSCO); Computer Sciences Corporation (NYSE: CSC); Corrections Corporation of America (NYSE:CXW); Dean Foods Company (NYSE: DF); Enterprise Products Partners LP (NYSE: EPD); Genworth Financial Inc. (NYSE: GNW); Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR); Groupon, Inc. (NASDAQ: GRPN); The Home Depot Inc. (NYSE: HD); Melco Crown Entertainment Ltd. (NASDAQ: MPEL); Pier 1 Imports, Inc. (NYSE: PIR); SurModics Inc. (NASDAQ: SRDX); Teva Pharmaceutical Industries (NASDAQ: TEVA); Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX); and YRC Worldwide. Inc. (NASDAQ: YRCW).

We have broken each of these calls out and added in color where applicable.

Alcatel-Lucent SA (NYSE: ALU) can’t get off the floor and it keeps disappointing.  Shares even closed at $1.99 after seeing a year low of $1.92 on Friday.  Alcatel’s chart looks almost the same as the chart of late-2008, but it cannot blame the market this time.  We saw three downgrades worth noting this last week: Cut to Sell at Citigroup; Cut estimates and target at Argus; and Cut to Neutral at BofA/Merrill Lynch.

Amazon.com Inc. (NASDAQ: AMZN) had two big calls this last week.  The main call was on Friday when Nomura issued a very unenthusiastic NEUTRAL rating.  The other call came on Thursday when Zacks added it to the STRONG SELL list.  With valuations still very high and with profit margins running razor-thin, it seems that at least some caution should prevail unless the holiday season is going to blow the doors of the hinges here.

Amazon.com Inc. (NASDAQ: AMZN) Started as Neutral at Nomura.
Applied Materials Inc. (NASDAQ: AMAT) Started as Neutral with $13 target at Credit Suisse.
Boston Beer Company (NYSE: SAM) named Momentum stock of the day at Zacks.
Cameron International (NYSE: CAM) Reiterated Buy with $73 target at BofA/ML.
Chimera Investment Corporation (NYSE: CIM) Raised to Neutral at Stern Agee.
Genworth Financial Inc. (NYSE: GNW) Raised to Neutral at Citigroup.
Magnum Hunter Resources (NYSE: MHR) reiterated Buy and raised target to $8.00 at Canaccord Genuity.
Melco Crown Entertainment Ltd. (NASDAQ: MPEL) maintained Neutral but cut target to $14 at JPMorgan.
NVIDIA Corporation (NASDAQ: NVDA) Reiterated Buy with $18 target at BofA/ML.
Parker Drilling Company (NYSE: PKD) named value stock of the day at Zacks.
Plexus Corporation (NASDAQ: PLXS) named Bear of the Day at Zacks.
Regions Financial Corporation (NYSE: RF) Started as Outperform at BMO Capital.
SUPERVALU Inc. (NYSE: SVU) Reinstated as Neutral at BofA/ML.
United Therapeutics (NASDAQ: UTHR) Raised to Outperform as Bull of the Day as Zacks.
Zimmer Holdings Inc. (NYSE: ZMH) Cut to Hold at Argus.

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JON C. OGG

Janus Capital Group, Inc. (NYSE: JNS) fell -49.4%, from $12.97 to $6.56. The consensus price target is $7.00. Janus has struggled with high redemptions so far this year and the company’s assets under management could fall further by the end of the year.

Hudson City Bancorp, Inc. (NASDAQ: HCBK) fell -50.9%, from $12.74 to $6.25. The consensus price target is $6.50. Hudson’s mortgage business has been beaten up by low mortgage interest rates, which currently show now signs of rising significantly.

Genworth Financial Inc. (NYSE: GNW) fell -51.4%, from $13.14 to $6.38. The consensus price target is $8.50. Genworth, an insurance company, has suffered from mortgage insurance woes, as the risk of default on the company’s insured loans rises.

Netflix, Inc. (NASDAQ: NFLX) fell -53.3%, from $175.70 to $82.08. The consensus price target is $185.00. This stock was our worst performer in the month of October, but its decline started in July.

United States Steel Corp. (NYSE: X) fell -56.6%, from $58.42 to #25.36. The consensus price target is $35.00. Like other steelmakers, US steel has struggled with reduced construction and lower levels of automobile manufacturing. The outlook continues weak.

American International Group, Inc. (NYSE: AIG) fell -57.2%, from $57.62 to $24.69. The consensus price target is $29.00. AIG continues to feel the weight of its majority ownership by the federal government and its rising cost of capital.

Cablevision Systems Corp. (NYSE: CVC) fell -57.2%, from $33.84 to $14.47. The consensus price target is $22.00. This was another of our biggest October losers.

Alpha Natural Resources, Inc. (NYSE: ANR) fell -60%, from $60.03 to $24.04. The consensus price target is $35.50. Alpha’s $8.5 billion purchase of Massey Energy came at a high point in the coal business, which has since seen asset values fall. Alpha’s overhang on litigation from an explosion at a Massey mine that killed 29 miners.

Monster Worldwide Inc. (NYSE: MWW) fell -60.9%, from $23.63 to $9.23. The consensus price target is $15.00. Monster has suffered from high US unemployment as employers have not been looking to hire new employees.

First Solar Inc. (NASDAQ: FSLR) fell -61.8%, from $130.14 to $49.77. The consensus price target is $100.00. First Solar was the second-worst performer in our list of the worst stocks in the month of October.

Paul Ausick

American Capital Mortgage Investment Corp. (NASDAQ: MTGE) Started as Hold at Citigroup; Started as Outperform at Wells Fargo.
Applied Materials Inc. (NASDAQ: AMAT) Raised to Strong Buy at S&P Equity Research (late Monday call).
The Blackstone Group (NYSE: BX) Started as Buy at Ticonderoga.
Broadcom Inc. (NASDAQ: BRCM) Reiterated Buy with $46 target at Argus.
Dow CHemical Co. (NYSE: DOW) Started as Market Perform at Wells Fargo.
EI DuPont de Nemours & Co. (NYSE: DD) Started as Market Perform at Wells Fargo.
Fifth Third Bancorp (NASDAQ: FITB) Raised to Outperform at RBC.
Genworth Financial (NYSE: GNW) named Bear of the Day at Zacks.
Goldman Sachs Group Inc. (NYSE: GS) Started as Equal-Weight at Morgan Stanley.
Huntsman Corporation (NYSE: HUN) Started as Outperform at Wells Fargo.
J.P. Morgan Chase & Co. (NYSE: JPM) Raised to Buy at Stifel Nicolaus.
LyondellBasell Industries NV (NYSE: LYB) Started as Outperform at Wells Fargo.
Macy’s, Inc. (NYSE: M) named as Bull of the Day at Zacks.
McDonald’s Corporation (NYSE: MCD) Cut estimates but maintained Outperform at Credit Suisse.
SunPower Corporation (NASDAQ: SPWRA) Raised to Buy at Auriga.
Titan International Inc. (NYSE: TWI) named as value stock of the day at Zacks.
VeriSign Inc. (NASDAQ: VRSN) Raised to Buy at S&P Equity Research (late Monday call).

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JON C. OGG

This is the list of Unusual Suspects to watch in the week ahead: Amazon.com Inc. (NASDAQ: AMZN); American Water Works Company, Inc. (NYSE: AWK); Dynegy Inc. (NYSE: DYN); E*TRADE Financial Corporation (NASDAQ: ETFC); Capital One Financial Corporation (NYSE: COF); First Solar Inc. (NASDAQ: FSLR); Ford Motor Co. (NYSE: F); Genworth Financial Inc. (NYSE: GNW); Mellanox Technologies Ltd. (NASDAQ: MLNX); US Airways Group Inc. (NYSE: LCC); Delta Air Lines Inc. (NYSE: DAL); Brookdale Senior Living Inc. (NYSE: BKD); Five Star Quality Care, Inc. (NYSE: FVE); Kindred Healthcare Inc. (NYSE: KND); Skilled Healthcare Group, Inc. (NYSE: SKH); and Sun Healthcare Group Inc. (NASDAQ: SUNH).

Again, these are intended to be the non-earnings stocks to watch even if some are reporting earnings.  In separate notes, we already published an earnings calendar with more than 20 detailed previews of the top earnings reports for this coming week.  There are also some carry-over issues that investors will want to track in the Top 11 Analyst Calls of the Week that we have for review and preview with matters that have longer-term implications.

Amazon.com Inc. (NASDAQ: AMZN) was given a feature article in Barron’s this weekend titled “It’s All About the Revenues at Amazon” where the financial publication says that it is worth another 25% more than it already is today.  If the market is flat or just not real weak due to Washington D.C. on Monday morning we would expect another gain of 2% or so despite all-time highs having been seen last week.

American Water Works Company, Inc. (NYSE: AWK) is one we have routinely featured as being the best water stock out there.  The water utility giant almost never reaches a 10% pullback from its highs, but on Friday it did breach that 10% threshold barely at $27.63 would mark it and the low was $27.54. Shares closed at $28.00.  The company does have earnings coming up, but that is very rare to get the 10% pullback.  We will not be shocked if the company announces a capital raise on strength.

Dynegy Inc. (NYSE: DYN) was down over 3% in regular trading on Friday, but shares popped more than 5% in the after-hours session to $6.05 on news that a Delaware court rejected PSEG’s attempt to block the company’s restructuring.

E*TRADE Financial Corporation (NASDAQ: ETFC) could have another buyer as Capital One Financial Corporation (NYSE: COF) reportedly had considered making a bid back in 2010.  This report surfaced after the close on Friday.  Our take stands on our “maximum fair market value being $20″ unless a buyer has a way to end the overhang of its ongoing problem loan areas.

First Solar Inc. (NASDAQ: FSLR) may have earnings come up this next week but word surfaced late Friday that it has Cory Steffek to help the company make acquisitions and/or seek out partnerships.  This fits in with our solar mergers expectations in the coming months.

Ford Motor Co. (NYSE: F) was listed in Barron’s this weekend as being “ready to roll” in an artgicle.  Despite having had lower earnings and despite some new UAW labor issues, Barron’s said Ford could top $15 if analysts are right.  While that is another 25% higher, that is actually far less aggressive than the consensus price targets from Thomson Reuters.

Genworth Financial Inc. (NYSE: GNW) rose Friday on word that the company is taking steps for a possible splitting-up of the company and to move to reinstate share buybacks.  If this is the case, then the gains may have much more to go as a candidate for moving away from mortgage guaranty operations.  Keep in mind that the 6% gain to $8.32 on Friday compares to a 52-week range of $7.56 to $14.77.

Mellanox Technologies Ltd. (NASDAQ: MLNX) was noted over the weekend as having large options bets that its gains in cloud computing will keep going.  At $34.85, keep in mind that the Israeli-outfit has a 52-week trading range of $14.60 to $35.60.

Two Tales in Airlines: US Airways Group Inc. (NYSE: LCC) announced late Friday that it was suing its pilot union for illegal job actions for its 5,200 pilots covered in the union.  In another bit of weekend news, Delta Air Lines Inc. (NYSE: DAL) faces some negative press as two of its jets apparently collided on the ground in Chicago.  No injuries were reported, but how organized does that sound?

Woes come to nursing homes… Medicare announced big cuts on Friday afternoon regarding reimbursement and payments to nursing homes as part of what was announced in April to lower overpayments to the nursing home segment.  This created a disaster in many key stocks: Brookdale Senior Living Inc. (NYSE: BKD) was down 6.3% at $20.04; Five Star Quality Care, Inc. (NYSE: FVE) was down 9.5% to $4.48; Kindred Healthcare Inc. (NYSE: KND) was down about 20% to $15.00; Skilled Healthcare Group, Inc. (NYSE: SKH) was down 19% to $7.11; Sun Healthcare Group Inc. (NASDAQ: SUNH) was down 33% at $4.69.

JON C. OGG

Alcatel-Lucent (NYSE: ALU) Maintained Underperform but raised estimates at Credit Suisse.
Barrick Gold Corporation (NYSE: ABX) Reiterated Strong Buy as Value at Zacks.
Boston Scientific Corporation (NYSE: BSX) Cut to Underweight at Barclays.
Citigroup Inc. (NYSE: C) maintained Buy with $53 target but slightly cut estimates at BofA/ML; Reiterated Sell at Argus.
Clorox Corporation (NYSE: CLX) Cut to Perform at Oppenheimer; Raised to Market Perform at Bernstein.
eBay Inc. (NASDAQ: EBAY) Staretd as Buy with $40 target at Argus.
Genworth Financial Inc. (NYSE: GNW) Cut to Underperform as Bear of the Day at Zacks.
Huntington Bancshares Inc. (NASDAQ: HBAN) Raised to Outperform as Bull of the Day at Zacks.
JDS Uniphase Corporation (NASDAQ: JDSU) Maintained Neutral but cut target to $15.50 at Credit Suisse.
LinkedIn Corporation (NYSE: LNKD) Cut to Neutral from Overweight at JPMorgan.
LM Ericsson Telephone Co. (NASDAQ: ERIC) Raised to Outperform at Credit Suisse.
Netflix, Inc. (NASDAQ: NFLX) Cut to Sector Perform at Pacific Crest.
NXP Semiconductors NV (NASDAQ: NXPI) Started as Outperform at Credit Suisse.
Republic Airways Holdings Inc. (NASDAQ: RJET) Cut to Underperform at BofA/ML.
Scripps Networks Interactive (NYSE: SNI) Cut to Equal-Weight at Morgan Stanley.
Signature Bank (NASDAQ: SBNY) Started as Buy with $64 target at BofA/ML.
SkyWest Inc. (NASDAQ: SKYW) Reiterated Underperform and cut target to $10 at BofA/ML.
SunPower Corporation (NASDAQ: SPWRA) Cut to Sell at Collins Stewart; Reiterated Underperform at BofA/ML.
US Airways Group, Inc. (NYSE: LCC) Cut to Neutral at BofA/ML.

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JON C. OGG