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izuho initiates CVS (buy) & WAG (n), FBN downgrades IBM, JPM downgrades JAG, UBS initiates CMG (n) Key Research: William Blair initiates ASGN (op), Baird upgrades UNF, MS initiates APC (ow) & downgrades ATW/RDC Key Research: BB&T upgrades CNW (buy) & downgrades LNC, MKM initiates BMY (sell), Collin
day = 1224 last (Nasdaq futures -0.47% because of AAPL) as European markets near the highs of the session. ***CPI & Housing Starts @ 8:30am, Fed's Beige Book @ 2pm*** ***FCX, MS pre-open & AXP, ERA?, WYNN, CAKE after close*** BOE minutes out (unanimous 9-0 votes at last meeting on interest rates and £75
STLY, TCBI, TSCO, UMPQ, WHG, WSTL, YDNT, ZHNE Economic Data: MBA mortgage Applications 0 7am, CPI / Housing Starts & Building Permits 8:30am, Fed's Beige Book 0 2pm Fed's Lockhart speaks in Atlanta 0 9am Conferences: Citi Greater China Investor (Macau) Analyst/Investor Days: PETD, SNSS Non-Deal Roadshow
SV/RDC/SDRL & makes BHI top pick Raja initiates DKUSXE (op's), Macquarie upgrades ETR, Bofa upgrades SCHN, Nomura cuts SHW Citi upgrades VNO (buy), Baird initiates VOD (op), DB initiates IDIX (buy) JEFF upgrade CPG LN, MS upgrade KRKA PW, RBC upgrade SVT LN, Kepler upgrade RCO FP MS upgrade ENI IM, M
retail earnings. But all in all fairly quiet so far this morning. SPA's -2 handles = 1395 last. ***Mortgage Apps @ 7am, New Home Sales @ 10am, Fed's Beige Book @ 2pm *** ***AEO & ANN report pre-open / ARO & GES report after close*" ***Jefferies Global Energy Conference (Houston) begins"' ***13 CEOs meet w
l12 Secondaries (announced/priced): DG IPO's: N/A Key Research: Jefferies initiates EDG (buy) & downgrades RAX & upgrades CLR (buy) Key Research: Baird downgrades FMER, Citi downgrades NSM, Janney initiates CSE/CIT (buy's) Key Research: JMP initiates FB (op), CS upgrades PHM/RYL/SWN, BNP upgrades RR
driven by the long-only community with the UK back online after the Jubilee. III futures +11 handles = 1295.80 last. ***Mortgage Apps @ 7am, Fed's Beige Book @ 2pm*** ***European bank resolution announcement due today*** ***Sweden closed today for National Day Holiday*** Ahold Ql light, sees underlying
iates ATEN (op) • Jefferies upgrades UNFI (buy) and initiates HLT (hold), Nomura upgrades GHL & cuts MSI EFTA00370916 • Raja initiates NMBL (op), Baird initiates LPI (op), UBS upgrades NMBL (buy) & cuts NTAP • Canaccord initiates MDVN (hold) and NPSP/REGN/LPTN (buy), MS upgrades PDS • Multiple brok
l be most pertinent to the interest rate speculation). SPA's +9 handles = 1848.60 last. 'Mortgage Apps @ 7am, Housing Starts @ 8:30am, IP @ 9:15am, Beige Book @ 2pm*** 'AST, BAC, GWW, HBAN, PNC, STJ, USB, ADTN reports pre-open, GETIB SS #'s @ 7am EST' ***AXP, COF, IBM, KMI, KSU, NE, PBCT, SLM, SNDK, GOOG,
) files $100M through Citi, JPM & MS Key Research: upgrades TD Key Research: OR.FP Key Research: Key Research: CRT initiates BA/GR/PCP (buys), Baird upgrades ZQK, Opco upgrades LQDT, CS Roth initiates MGN (buy), Bankhaus downgrades BMW.GR (sell), Barclays upgrades Citi downgrades HEIA.NA, HSBC d
P, FinMins (Germany, Netherlands, Finland) meet to discuss Greece, RBA Cash Target, Earnings (PBY) Wednesday: Republican presidential debate, Fed's Beige Book, MBA Mortgage Applications, Jefferies Global Shipping Conference (NYC), Goldman Sachs Retailing Conference (NYC), Bank of Canada Rate, UK Industria
rch: Jeff initiates FINL/SGNT/NKE (buy) & CSCO/VFC (hold), Merriman initiates IRDM (buy), JPM upgrades FRX Key Research: Soleil downgrades NEE/SSI, Baird downgrades THRX/ENP/SWSH, Ticonderoga raises target JEF Reporting Pre-Open: AMWD, BTH, HYGS, NOOF Reporting Post-Close: AIRT Economic Data: May E
) WWDC Conference (Jobs Keynote Address), Needham Internet & Digital Global Financial Services Conference (NYC), RBA Cash Target, Wednesday: Fed's Beige Book, Japan GDP, Conference (Paris), Earnings (PLL) Piper Consumer Conference (NYC), GS Euro Financials Thursday: BOE & ECB Interest Rate Decision, US
ANH & initiates BXMT (buy), Evercore initiates GOGO (ow) ••• Miller Tabak initiates AREX/FANG (buys), KBW upgrades TAYC/MBFI ••• FBR upgrades ADBE, Baird upgrades BWA, Canaccord downgrades GSS (sell) ••• Raja downgrades ININ, BMO cuts PKG, Williams Capital cuts NVE Europe Key Research: • CS downgrad
pitol Hill at 10am but the text will be released pre-open at 8:30am. SPA's -4 handles = 1667 last. ***Mortgage Apps @ 7am, Housing Starts @ 8:30am, Beige Book @ 2pm*** "*Bernanke's testimony to House Panel released @ 8:30am (delivers testimony @ 10am)*** ***ABT, BAC, BK, GWW, MAT, MTB, NTRS, PNC, STJ, TXT
Entities connected to both Baird and Beige Book

Lesley Groff
PERSONIke Groff
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Barron
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Bloomberg L.P.
ORGANIZATION
Barack Obama
PERSONBarcap
ORGANIZATIONJefferies
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Piper
PERSON
Marc Rich
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Ghislaine Maxwell
PERSONNomura
ORGANIZATION
Stanford University
LOCATION
Angela Merkel
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Tony Blair
PERSONCanaccord
ORGANIZATIONJanney
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Philadelphia Fed
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Moody's
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Harry Reid
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Michael Jackson
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