Stock

Movement

Reason

Our Comments

EK

Up 35%.

Bankruptcy rumors on Friday, denied by EK.

Source:

http://tinyurl.com/3jvnl42

Crazy Friday for stock, being halted numerous times for single stock circuit breakers.  A bit of a bounce this morning.  $1 is a huge psychological level.  That should be decent swing number.

FST, LPR

Down 23%

Spinoff of LPR shares.

Source:

http://tinyurl.com/42gr38b

Shareholders of FST received 0.6125 shares of LPR this morning.  This is worth about 4 points on FST.  So expect FST to fall approx 4 points today.

DB, CS, BCS, RBS, ING

Down 2-4%

Euro banks weak overseas.

Euro banks continue to be weak this morning, after terrible day on Friday.  Continue to follow Euro banks when trading US financials.

SLV, GLD

Up 2-4%

Bounce back in metals.

A bit of a bounce for the metals this morning.  30 should be decent swing number on SLV.  160 should be decent swing number on GLD.

KO

Down 1%

Downgrade at JP Morgan.

Source:

http://tinyurl.com/3h3w9rc

Window dressing on Friday had KO actually trading up briefly early on before falling off in afternoon.  Rallies may need to be sold here.

PG

Up slightly.

Upgrade at JP Morgan.

Source:

http://tinyurl.com/3bdc7z7

Same story as KO on Friday.  Stock was actually trading higher in morning.  64 should still provide some resistance. 

AMZN

Up 1%

Upgrade at Stifel Nicolaus.

Source:

http://tinyurl.com/3sudf59

Weak stock last week.  Rallies are a good opportunity to sell in our opinion.  230 remains serious resistance.

TWX

Up slightly.

Upgrade at Goldman

Source:

http://tinyurl.com/3gohwbx

30 looks pretty big on this.  I'd use that for initial support. 

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