Epstein Secrets

Gold $1570.70 (+$5.20) Moody's announced its widely anticipated downgrade of 15 global banks after the close last night. No big surprises although Credit Suisse getting cut by 3 notches and MS only getting cut by 2 getting some attention in the press (note CS is still the highest rated IB in the world & a 2

HIS, AEC IPO's: N/A Key Research: Barcap downgrades CIM, Imperial initiates TPC (op), Nomura initiates FB (buy), Piper upgrades TFM Key Research: Canaccord initiates SWKS (buy) & TQNT/RFMD (holds), Telsey initiates ADS/DFS/COF/AXP/V/MA Key Research: GS adds VOW GR & VOD LN to Conviction Buy List & cuts

ices -1.00% Secondaries (announced/priced): BWFG, RGDO, LEG GY (convert) IPO's (filed/priced): Tuniu (TOUR) files $120M IPO through Morgan Stanley, Credit Suisse and China Renaissance, Memorial Resource Development (MRD) files $700M IPO through Citi IPO's (lock-up expires): Antero Resources (AR), MacroGenics

ell), UBS downgrades PC IM, CM-CIC downgrades EN FP (sell) • Kepler upgrades ZOT SM & cuts ROVI SM & reinstates SCYR SM (buy) and FCC SM (reduce) • Canaccord cuts SYR LN (sell) & upgrades ABC LN & initiates GMS LN (buy), Berenberg upgrades LEI GR (buy) Reporting Post-Close: MY, SHLM, TISI, ZEP Economic D

i's remarks damp Euro WSJ • Peugeeot to book write down WSJ • Ireland's bondage WSJ • Apple told to drop Depression-era attitude' The Times • Credit Suisse to intensify cost-cutting The Times • Sony to profit after five-year slump The Times • Exporters steer clear of Europe The Times • Vodafone joi

CBL • HSBC initiates MDR (neut) & downgrades CAM, SocGen downgrades NBL, Wells initiates ZBRA (mp) • Nomura upgrades PCS, Avondale downgrades ANN, Canaccord cuts TEVA, DB upgrades NTES (buy) • Jeff initiates PAY (hold), Roth downgrades SKUL Europe Key Research: • UBS downgrade SMIN LN, EUR PW, EMMN SW,