Yesterday we said that Spain was looking more like Greece due to a Madrid protest that took place outside of parliament against all of the budget cuts and entitlement cuts coming down…
Spain is starting to look more and more like Greece with protesters clashing with police in the capital. The difference is that Spain is a much more important economy to Europe and…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Monday. Accenture PLC (NYSE: ACN) reiterated Buy with $74 target at Argus. AK…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Wednesday. Amgen Inc. (NASDAQ: AMGN) cut to Neutral at R.W. Baird. Automatic Data…
Spain is again taking the center stage, even after Greece’s Prime Minister Samaras was meeting with Angela Merkel of Germany. And now we have seen headlines on the broad tape that Spain is…
Most, or much, of the world hates short sellers. Betting against markets is just unfair, or so goes the logic. There is just one small problem: a market without short sellers is…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Thursday. There are many reports this morning! ADTRAN Inc. (NASDAQ: ADTN) Cut to Hold…
European leaders are taking the aid directly to the banks to stave off any added crisis. The futures in the U.S. are soaring and the markets in Europe are up big. This…
Reports by two independent auditing firms have concluded that €51 billion-€62 billion will be required to recapitalize Spain’s banks sufficiently to withstand losses expected over the next few years. The IMF had…
A 2014 bond auction in France went off at 0.54% this Thursday, while the same maturity in 2014 went for a yield of 4.70% in Spain. The fear is that long-term borrowing…
The Greek elections went the way that the market participants were initially hoping for, but now the reality is setting in that Greece may ultimately not be able to stay in the…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Thursday. We also have many changes to the Argus Model Portfolio. ABB Ltd.…
Egan-Jones Ratings is just the latest ratings agency to hit the PIIGS today. The ratings agency lowered the Kingdom of Spain’s ratings down to “CCC+” from “B.” What is perhaps more important is…
When this weekend’s announcement came out of a $125 billion bailout for Spain to prop up its troubled banks, most would have just assumed that this meant the ‘risk-on’ trade was due…
Fitch Ratings has had many reports today, but perhaps the largest call is a downgrade of Spain to “BBB” that has added some pressure to the Euro. Today’s downgrade took Spain’s Long-term foreign and…
