JPMorgan Hired Relatives To Get Deals. Reports indicate that JPMorgan (JPM) began hiring
relatives of government and other officials to secure banking deals. According
to the NYTreports
one email says "We lost a deal to DB (Deutsche Bank) today because they
got (the) chairman's daughter (to) work for them this summer." JPMorgan
and several other U.S. banks are being investigated for their recruitment
policies in China and other overseas countries.
Upgrades:
Crocs (CROX): Sterne Agee raised their rating
from Underperform to Neutral and placed a target price of $10.00 on the
company.
Ensco PLC (ESV): ReserchTeam raised their rating
from Reduce to Hold.
Expeditors
International (EXPD): ReserchTeam raised their rating from Reduce to Hold.
Foot Locker (FL): ReserchTeam raised their rating
from Hold to Accumulate.
Mattel (MAT): ReserchTeam raised their rating
from Hold to Accumulate.
Mosaic (MOS): ReserchTeam raised their rating
from Reduce to Hold.
Total SA (TOT): ReserchTeam raised their rating
from Reduce to Hold.
Walt Disney (DIS): Guggenhein raised their rating
from Neutral to Buy and raised their target price from $77.00 to $87.00.
Downgrades:
Cardinal Health (CAH): ReserchTeam lowered their rating
from Accumulate to Hold.
Earning Reports:
Cal-Marine Foods (CALM):
Reported EPS of $1.08 missing estimates
by -$0.03.
Markets:
Futures at 9:03: Dow +0.02%. S&P -0.03%. Nasdaq -0.13%. Crude -0.28% at $100.04. Gold -0.63% to $1206.60. U.S 10 Year +3/32 to 2.990%
Futures at 9:03: Dow +0.02%. S&P -0.03%. Nasdaq -0.13%. Crude -0.28% at $100.04. Gold -0.63% to $1206.60. U.S 10 Year +3/32 to 2.990%
Europe:
London -0.32%.
Paris +0.06%.
Frankfurt -0.39%.
Asia: Japan +0.69% to
16291. Hong Kong +0.01% at 23245. China -0.18% to 2098.
India -0.24% to 21143.
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