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JPM downgrades OVTI & initiates MS downgrades MHS & initiates PRGO (ow), Citi downgrades HSP/ACOR & initiates MEM cuts NVR/LEN/DHI and JBH (sell), Stifel upgrades CHK (buy), REC upgrades Reporting Pre-Open: CPB, HNZ, VTR, AGP, LSE, NRF, POL, PPC, RAIL, SFL, VTR, ZINC Reporting Post-Close: N/A Econo
30%) EUR 1.3147 (+0.12%) JPY 79.08 (-0.19%) NZD .8372 (+0.50%) AUD 1.0766 (+0.10%) Copper +0.20% Silver +0.52% US 10yr 1.99% Futures: Dow +5, Nasdaq -3, S&P -1 $1733.10 (+$4.70) DXY $79.32 (-Sc) Crude $102.75 (+44c) Gold Angela Merkel cancelled her trip to Rome to meet with Mario Monti today & G
Raja downgrades HBAN • SunTrust initiates KRO (reduce), Citi downgrades MDP, PacCrest upgrades NFLX • Jefferies cuts NGLS/EPD, Baird upgrades SCTY, Stifel cuts R, Sterne Agee upgrades BOFI (buy) Europe Key Research: :••• Bofa downgrades SDRL NO/BAW SJ/ARTC DB & upgrades HTO GA (buy), Investec cuts DIA
23%, ASX +0.63% EUR 1.3860 (+0.32%) JPY 102.06 (+0.17%) EURIJPY 141.45 (+0.15%) GBP +0.20% RUB +0.18% SEK +0.50% US 10yr 2.633% Futures: Dow -41, Nasdaq -3, -4 DXY $79.61 (-19c) Crude $103.86 (+10c) Gold $1299.50 (-$3.90) Copper +0.55% Silver +0.15% Nat Gas +0.51% Asian Markets started higher on the
, Basic Res -0.66% Secondaries (announced/priced): N/A IPO's (filed/priced): Tracon Pharmaceuticals (ICON) files $57.5M IPO through Wells Fargo and Stifel, Carbylan Therapeutics (CBYL) files $86.3M IPO through Leerink US Key Research: • DA Davidson initiates QLGC (buy), DB initiates CNV (hold), JMP i
4%, TWSE -0.19%, ASX -1.04% EUR 1.2151 (-0.01%) JPY 119.76 (+0.76%) EURIJPY 146.53 (-0.77%) RUB -0.52% AUD +0.38% US 10yr 2.20% Futures: Dow -17, Nasdaq -3, S&P -4 DXY $90.08 (-11c) Crude $53.26 (-35c) Gold $1186.60 (+$4.70) Copper +0.92% Silver +0.89% Nat Gas -1.28% Asian indices were lower overnig
Entities connected to both Stifel and Nasdaq -3

Lesley Groff
PERSONIke Groff
PERSON
Bloomberg L.P.
ORGANIZATIONBaird
PERSON
Barack Obama
PERSON
Philadelphia Fed
ORGANIZATION
Ghislaine Maxwell
PERSONTrav/Les
ORGANIZATION
Samantha Power
PERSONLeerink
PERSON