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FMS (neut), DB upgrades CHRW/SEMG (buys) Key Research: GS resumes ETP (neut), SocGen adds BN FP to Premium List, BMO downgrades CMA Key Research: Jefferies upgrades CNOOC (883 HK), Stifel initiates BX (buy), Nomura upgrades GPN (buy) Key initiates WIRE (hold), Piper initiates Wunderlich downgrades FSL
market share under 50% by mid-2013 DigiTimes<http://www.digitimes.com/news/a20120417PD216.html> Key Events This Week Thursday: Leading Indicators, Philadelphia Fed, Existing Home Sales, G20 Finance meeting begins, Earnings (BAC, BST, DD, FCX, FITB, KEY, LUV, MS, PM, VZ, MSFT, CMG) Friday: Options Expiration, E
AA (buy), Think initiates PETM (buy) Key Research: GS upgrades AKS and VMW (conviction buy) & downgrades HAS and X/AONE/WHR (sell) Key Research: Jefferies downgrades WAG, Opco upgrades APC, JPM downgrades CHK/MBT/MOLX Key Research: RBC initiates RA (sp) & GWR/KSU (op), Macquarie initiates ANF/COH/LULU/
CPI, Housing Starts & Building Permits, Citi Greater China Investor Conference (Macau), Earnings (ABT, BK, BLK, MS, SVU, AXP, EBAY, ETFC) Thursday: Philadelphia Fed Index, Leading Indicators, Existing Homes Sales, EU Commission proposes measures on securities markets and insider dealing, Earnings (BBT, DO, FITS,
: (buy) Key Research: Key Research: Barcap upgrades UNP & downgrades NSC, GS downgrades WMS (sell), UBS downgrades Brean Murray downgrades HOGS, Jefferies downgrades XCO/DLR & upgrades AMD CLSA upgrades Toshiba (6502 JP) (buy), JMP upgrades NUVA, Raja downgrades UAM CS initiates SYK/ZMH (op's), Piper
SOL, RTK, ULTR, UWN, VGZ Economic Data: Empire Manufacturing / PPI / Jobless Claims @ 8:30am, TIC Flows @ 9am, Bloomberg Consumer Comfort @ 9:45am, Philadelphia Fed @ 10am Geithner speaks to Economic Club of New York @ 12pm Conferences: JPM Aviation, Transportation & Defense (NYC), UBS Global Consumer (Boston)
arcap upgrades LNC & downgrades RGA, GS upgrades GPC and SFUN (buy) • Imperial upgrades ZBRA/GDP and initiates SBGL (op), RBC initiates ATEN (op) • Jefferies upgrades UNFI (buy) and initiates HLT (hold), Nomura upgrades GHL & cuts MSI EFTA00370916 • Raja initiates NMBL (op), Baird initiates LPI (op), UB
ory Telegraph • Airline apologises for graphic image Guardian • How Much Stock Trading Should There Be? Bloomberg Key Events This Week Thursday: Philadelphia Fed, China property prices March, Earnings (ADS, AN, BAX, BBT, BHI, BLK, BX, CMG, DD, DOV, FITB, GE, KEY, MAT, MS, PEP, PBCT, PM, PPG, SLB, UNH) Friday
/TWNT (mp), DB upgrades EFX (buy), Leerink downgrades MDCO • Raja initiates GBDC/HAFC (op), Vertical initiates DMRC (buy), RBC initiates PCL (op) • Jefferies upgrades EFX/EIX (buy), JPM upgrades GOGO/BWP, Longbow initiates NCLH (buy) • Piper assumes SNDK (ow) & upgrades RALY, RBC upgrades AA & cuts SO, Ra
CHKE, CPHD, HUBG, INDB, ISBC, SCSS, SFNC, WHG Economic Data: Jobless Claims @ 8:30am, Bloomberg Economic Expectations & Consumer Comfort @ 9:45am, Philadelphia Fed @ 10am EIA natural gas storage change @ 10:30am Conferences: No major conferences Analyst/Investor Days: PDCE, LULU, DIS EFTA00370948 Non-Deal
iced at $22 (above range), Mix Telematics (MIXT) 6.3M ADS priced at $16/sh (high-end) US Key Research: ••• GS downgrades FL, Compass Point cuts DV, Jefferies initiates XXIA (buy), CS downgrades SPH • DB upgrades IHS (buy), Wells upgrades STJ, JPM upgrades CSCO, Raja downgrades LEAP RBC initiates VNTV (op
minutes, France/Germany/Eurozone Q2 GDP, Canaccord Growth Stock Conference (Boston), Earnings (DE, M, OSIS, A, CSCO, NTAP) EFTA00385975 Thursday: Philadelphia Fed, Empire Manufacturing, NAHB Housing Survey, CPI, Industrial Production, Earnings (EL, KSS, PRGO, WMT, AMAT, JWN) Friday: Nonfarm Productivity & Uni
Key Research: Citi downgrades APU (sell) & initiates FOSL/SHOO/VRA (buy) and BID (sell), Roth initiates ZQK (buy) Key Research: GS downgrades EDU, Jefferies downgrades ALU.FP & upgrades WFM and assumes FDP (hold) & CQB (buy) Key Research: Wells initiates AKS/STLD/X (mp) and NUE (op) & downgrades JNPR, H
prices to rise in November due to flooding in Thailand DigiTimes<http://www.digitimes.com/news/a20111018PD214.html> Key Events This Week Thursday: Philadelphia Fed Index, Leading Indicators, Existing Homes Sales, EU Commission proposes measures on securities markets and insider dealing, Earnings (BBT, DO, FITB,
DB initiates MDSO/CERN/ATHN/MDAS/MDRX (buy's) & CRL/CVD/PRXL/CPSI/QSI (hold's) DB downgrades O, GS downgrades PM, Imperial initiates RAD/RDWR (op), Jefferies cuts ED ••• Citi upgrades MTL (buy), Raja cuts GBX/QCOM/TRN, BMO upgrades HSH, JPM cuts SJM ••• FBR initiates MWW (op), Longbow initiates NAV (neut
TFM, VMEM, WAIR Economic Data: Jobless Claims / PPI @ 8:30am, Markit US PMI @ 8:58am, Bloomberg Economic Expectations & Consumer Comfort @ 9:45am, Philadelphia Fed @ 10am EIA natural gas storage @ 10:30am, Treasury auction in 10yr TIPS @ 1pm ($13B) Fed Speakers: Powell @ 9:45am (NYC), Lacker @ 12:30pm (Ashebor
Entities connected to both Jefferies and Philadelphia Fed

Credit Suisse
ORGANIZATION
Marc Rich
PERSON
Tony Blair
PERSON
William Barr
PERSON
Santa Monica
LOCATION
Bloomberg L.P.
ORGANIZATION
Lesley Groff
PERSONIke Groff
PERSON
Barron
PERSONBaird
PERSON
Samantha Power
PERSON
Washington D.C.
LOCATION
Barack Obama
PERSONBarcap
ORGANIZATION
Michigan
LOCATIONStifel
ORGANIZATIONNomura
ORGANIZATION
Bernanke
PERSON
Stanford University
LOCATIONUS Key Research
ORGANIZATION