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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
meeting regarding Iran, Eurozone Flash PMI's, Earnings (COG, EXPD, GPC, HD, M, MDT, MHS, MYL, WMT, CHK, DELL, KFT) Wednesday: Existing Home Sales, MBA Mortgage Applications, CS Global Paper & Packaging Conference (NYC), Jefferies Global Clean Tech Conference (NYC), Earnings (DLTR, GRMN, RRD, TJX, ADI, ESRX, FLS, HPQ, L
l initiates CRM (hold), JMP initiates ITCI (mp), Topeka initiates CCC (buy), Webush assumes PTCT (op) ••• Baird downgrades ACHN, Piper upgrades CRY, Stifel upgrades DEI, JMP initiates ITCI (op) ,Drexel Hamilton initiates CRM (hold) Europe Key Research: • Banca Akros upgrades CVAL IM, Barcap initiates
Guardian • Are Christmas presents a waste of money? Don't listen to the Scrooge economists CityAM Key Events This Week Wednesday: Christmas Eve, MBA Mortgage Applications, BOJ Minutes Thursday: Christmas (Markets closed) Friday: Boxing Day (European markets closed), China industrial profits Nov Key Events on the Hor
S (op) • Opco initiates NXPI (op) & upgrades AEO & downgrades APTO/SVU, Roth initiates NDRM/JYNT (buy) • RBC initiates FGEN (op) & downgrades CBST, Stifel initiates FGEN (buy) and COG/APC/NFX/NBL (hold) • Wedbush initiates CSCO (op) and JNPR (neut), Lonbow downgrades LPX & upgrades LECO (buy) Europe K
• Business giants walk off with our billions. No more something for nothing Guardian Key Events This Week Wednesday: Treasury's Budget Statement, MBA Mortgage Applications, Bernstein Consumer Summit (NYC), Opco Healthcare Conference (NYC), Earnings (COST, TOL, WTSL) Thursday: Nov Retail Sales, ECB publishes monthly re
overweight over 12-months & initiates USAC (buy) EFTA00396178 •••• JPM upgrades NKE, MLV & Co downgrades ALNY, Roth initiates COSI/HYGS (buy's) • Stifel upgrades USBNVFC (buy's) & cuts FITB/PDH and CMA/KEY (sell), RBC upgrades AOL ••• KBW upgrades RNST & downgrades PRI and SIAL (sell), Barcap initiat
ogy and Internet Conference (SF), Earnings (AVP, FIS, FOSL, KO, MHP, MMC, GT, WU) Wednesday: Retail Sales, Import Price Index, Business Inventories, MBA Mortgage Applications, Eurozone IP, BOE releases Quarterly Inflation Report, Bofa Insurance Conference (NYC), Leerink Swann Global Healthcare Conference (NYC), Earnings
Entities connected to both Stifel and MBA Mortgage Applications

Lesley Groff
PERSONIke Groff
PERSON
Barron
PERSON
Bloomberg L.P.
ORGANIZATIONBaird
PERSONBarcap
ORGANIZATION
Barack Obama
PERSONJefferies
ORGANIZATION
Angela Merkel
PERSONNomura
ORGANIZATION
Horizon
ORGANIZATION
Wells
ORGANIZATION
David Cameron
PERSON
Bernanke
PERSON
Stanford University
LOCATIONEmpire Manufacturing
ORGANIZATIONSwedbank
ORGANIZATION
Moody's
ORGANIZATIONCanaccord
ORGANIZATION
Philadelphia Fed
ORGANIZATION