The price of retail stocks shows that Wall St. does not believe holiday sales will be good. Consumer electronics price discounts are normal during the holidays. This year’s competition will be particularly vicious.
As always, here are the top major media headline summaries from WSJ, FT, Bloomberg, and more. Today’s top analyst upgrades and downgrades were in shares of ALU, AIG, DK, GRPN, HD, ING, K, MDVN, PIR, DGX, TOL, VE, PAY, WES and YRCW. Here are the top rumors of the day. The most important financial developments that will affect the day ahead – European stock markets battered, gas prices, super committee.
We also have the top analyst upgrades and downgrades of the prior week here in a short format. Here is an economic calendar along with select earnings previews including Cisco and Disney.
The FDA says there are shortages of scores of drugs. Only a few matter when people fill prescriptions. Here are the eight drug shortages putting Americans at risk.
France has been the buffer between Germany and the balance of euro zone nations. Now, France is in financial trouble. The buffer is about to disappear.
GM’s statement about doubling sales in China is an example of over-promising with a good chance of under-delivering.
Have a great day!
JON C. OGG
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