Epstein Secrets

OG (op) and EBAY/IACUNFLXNHOO (neut's) DB upgrades HERO/NBR/PES/PTEN (buy's) & cuts ESV/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, M

US along with a handful of 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) be

$100M ADS through Bofa & Citi, Responsys (MKTG) priced 6.62M shares at $12.00 Key Research: BMO initiates food/beverage (RAH/DF/MJN/THS/FLO/HAIN), Macquarie initiates US Chemicals (KRA/FMC/ROC/SOA) Key Research: Barcap upgrades NOVN.VX, Baird downgrades PII, Wells downgrades NVE, JPM initiates CRR (ow)

kely to be 1470B vs forecast of 1540B - Nikkei Mitsubishi UFJ Morgan Stanley Securities FY net to be (1140B) - Nikkei Key Events Next Week Monday: New Home Sales, Dallas Fed Manufacturing, Earnings (KMB, SIAL, AMP, ESRX, JEC, MAS, NFLX) Tuesday: Case-Shiller Home Price Index, Consumer Confidence, Richmond Fe

emoves POLY LN from least preferred list, DB downgrades OGKE RX ••• Citi downgrades RMV LN, Exane initiates ALIV SS (op), Bernstein upgrades REL LN, Macquarie downgrades TSCO LN • Davy upgrades WOS LN, Beka upgrades EBRO SM, Equinet downgrades VIH GY, Citi initiates ZPLA LN (n) ••• Canaccord upgrades AKSO

s 2015 guidance. And Bed Bath & Beyond +7.0% after the close on better numbers. SPA's +3 handles = 1975.30 last. "'MBA Mortgage Applications @ 7am, New Home Sales @ 10arnan "*ACN,PAYX,KBH reporting pre-open I JBL,FUL,WOR it's after close*" • Bed Bath & Beyond topped estimates as eps/comps/profit & sales high

h: • Barcap upgrades UNM & initiates ALLT (ow), DB downgrades F, Imperial initiates EAGL (op) • Jeff initiates HRG (buy) & reiterates buy for GOOG, Macquarie upgrades Honda Motor (7267 JP) • Piper initiates ELX/OLGC (neut's) & MLNX (ow), Raja upgrades DHI/KBH, CLSA downgrades DD ••• Davenport downgrades

Manufacturing Index, Leading Indicators, Earnings (ARG, BAX, BMY, DOV, KEY, LUV, MMM, RTN, XRX, ED, ETFC, JNPR, KLAC, MSFT, SBUX, T, VRSN) Friday: New Home Sales, Earnings (COV, HAL, HON, PG, WY) Key Events on the Horizon January 29/30 - FOMC meeting January 30 — Launch date for RIM's Blackberry 10, LTRO re